VinMetal, the steel manufacturing arm of Vietnam's Vingroup, has signed a memorandum of understanding (MoU) with Primetals Technologies for the development of an integrated steel complex in Ha Tinh, Vietnam. The planned…
ArcelorMittal has announced the sale of approximately 23.9 mln shares in Vallourec, representing around 10pct of the French steel pipe producer's outstanding share capital, through an accelerated bookbuilding process to…
Industrias Lopez Soriano, part of the Gescrap Group, has selected Danieli Centro Recycling to supply a new high-performance preshredder for its existing scrap recycling plant in Zaragoza, Spain. The new unit is aimed at…
Turkish steel producer Kardemir reported a net profit of TRY 24.5 mln (USD 0.54 mln) in the first quarter of 2026, compared with a net loss of TRY 1.94 bln (USD 42.55 mln) recorded in the same period last year. The…
Turkish stainless steel service center Nikel Paslanmaz announced plans to invest around USD 154 mln in new projects as the company targets 30pct growth in 2026 despite challenging market conditions, according to the…
Morocco's Ministry of Industry and Trade has recommended the imposition of definitive antidumping duties on imports of cold rolled steel sheets originating from Egypt following the conclusion of its antidumping…
Jindal Steel has signed an investment agreement with Suhar Industrial City in Oman to develop an integrated iron and steel project with an estimated investment of OMR 150 mln (USD 390 mln). The project will be located…
NMDC Steel Limited has achieved its highest-ever monthly production, reaching 100pct of rated capacity at its integrated steel plant, marking a significant milestone in the ramp-up of operations. The plant is equipped…
Swedish steelmaker SSAB has decided to invest SEK 3.3 bln (USD 349 mln) in a new quenching and tempering (Q&T) line at its Oxelosund plant in Sweden. The investment, which will be implemented over a four-year period…
Turkey's imported scrap prices remained largely stable this week, as steel mills continued cautious procurement amid weak finished steel demand and squeezed margins. HMS 1&2 (80:20) import prices were assessed at around…
Pakistan's flat steel producers International Steels Limited (ISL) and Aisha Steel increased domestic prices for cold-rolled and galvanized steel products by PKR 5,000 (USD 18) per ton. Following the increase, ISL's 1…
Saudi Arabia's based East Pipes Integrated Company for Industry (East Pipes) reported record financial results for the fiscal year ended March 31, 2026, supported by strong contract execution and higher demand from the…
Taiwan's China Steel Corporation (CSC) announced increases in domestic steel prices for June 2026 shipments, citing higher raw material costs, rising international steel prices, and improving market conditions. The…
ArcelorMittal Belgium restarted its Galva 5 hot-dip galvanizing line in Flemalle after four years of inactivity, expanding the company's metallic-coated steel production capabilities in Europe. The restart follows…
Turkish steelmaker Kardemir opened a new billet sales round on May 13 and closed it after securing significant order volumes from the domestic market. The company offered S235JR-grade billet at USD 530 per ton EXW, down…
Saudi Arabia-based Arabian Pipes Company (APC) signed a contract with Kuwait's KAC Trading Company for the manufacture and supply of OCTG casing pipes for Kuwait Oil Company (KOC). According to the company, the contract…
Kingspan Insulation announced the operational launch of its new manufacturing facility in Dammam, Saudi Arabia, strengthening the company's local production presence in the Kingdom. The facility will produce HVAC…
Pakistan's major pipe producer, International Industries Limited (IIL) announced plans to diversify into mining and exploration activities through a proposed joint venture focused primarily on projects in Balochistan…
Xiangtan Iron and Steel, part of China's Hunan Valin Group, selected Primetals Technologies to upgrade automation and thickness control systems at its heavy plate mill in Xiangtan, Hunan Province. The project is aimed…
Ilsenburger Grobblech GmbH, a subsidiary of Salzgitter AG, obtained additional certifications for its SECURE protection steel grades for military applications, expanding its approved product range for the defence…