China's Jingye Group has demanded compensation following the nationalization of British Steel, saying it has initiated consultations under the China-UK bilateral investment treaty and reserved the right to pursue…
Germany's Salzgitter AG has raised its financial guidance for 2026 after reporting significantly improved preliminary results for the first half of the year, driven by stronger performances in its steel production…
Al Yamamah Steel Industries has identified Italy's Danieli as the supplier of billet production equipment for its planned billet manufacturing project, updating an earlier announcement that referred to the contractor…
The Abu Dhabi Investment Authority (ADIA) has acquired a 0.89pct stake in Indian building materials and steel distributor SG Mart Ltd., purchasing 1.123 mln shares for approximately USD 7.6 mln. The transaction was…
India's JSW Steel reported higher revenue and profit for the first quarter of fiscal year 2026-27, supported by record first-quarter steel sales, improved realizations and stronger operating margins. Revenue from…
Hyundai Steel has commissioned the first foundry-rated robotic wire rod coil trimming and sampling system at its Dangjin wire rod mill in South Korea following final acceptance of the project supplied by Primetals…
Bangladesh's largest steelmaker BSRM plans to invest around BDT 100 bln (USD 810 mln) to build the country's first integrated hot-rolled flat steel plant at the Mirsarai Economic Zone, according to local media reports…
Meranti Green Steel (MGS) has appointed SMS group and Midrex Technologies as technology partners for the front-end engineering phase of its planned 2.5 mln tons per annum direct reduced iron (DRI) plant in Duqm, Oman…
Saudi Arabia's Al Yamamah Steel Industries said its subsidiary, Al Yamamah for Reinforcing Steel Bars, has signed a SAR 270 mln (USD 72 mln) contract with a specialized European company for the manufacturing, supply and…
Iron ore futures were little changed on Thursday as resilient Chinese steel production and a weekly drawdown in port-side inventories helped offset concerns over the medium-term demand outlook. According to the China…
Govt nationalizes British Steel to safeguard domestic steel production The UK government has taken British Steel into public ownership after the Steel Industry (Nationalization) Act received Royal Assent, saying the…
Tenaris has commissioned two new photovoltaic plants at its Sabbio Bergamasco and Arcore facilities in Italy as part of its strategy to reduce CO2 emissions by 30pct by 2030 compared with 2018 levels. The two solar…
Rio Tinto reported a 6pct YoY increase in Pilbara iron ore production to 162.3 mln tons during the first half of 2026, supported by productivity improvements across its mining operations, while iron ore sales from the…
Leading Turkish steel producers have warned that aggressive price competition, rising imports and tightening export restrictions are putting increasing pressure on the country's steel industry, according to local media…
Jindal Steel Duqm LLC has received the 870-ton direct reduced iron (DRI) reactor vessel for its green steel project at the Duqm Special Economic Zone (SEZ), marking another key construction milestone as the project…
China's Henan Jiyuan Iron & Steel has awarded Danieli a contract to supply a new four-strand bow-type continuous casting machine (CCM) for its steelworks in Henan province. The new caster, scheduled to start up in 2027…
Outokumpu Stainless USA has placed an order with Primetals Technologies for a 180-ton twin ladle furnace to be installed at its stainless steel facility in Calvert, Alabama. The new furnace will replace a ladle…
Uzbekistan has commissioned its first hot rolled steel sheet production complex following the inauguration of a new casting and rolling facility at the Uzbek Metallurgical Plant (Uzmetkombinat) in Bekabad. President…
UAE's CIM Steel Industry LLC has completed the first commercial dispatch of cold rolled full hard (CRFH) coils from its new manufacturing facility in Umm Al Quwain, marking another milestone in the commissioning of its…
Pakistan's Agha Steel Industries Ltd has signed a bilateral restructuring agreement with Bank Al Habib Ltd (BAHL), marking a key milestone in the company's ongoing financial restructuring program. Under the agreement…