Turkey's steel exports fell 13.5pct YoY to 2 mln tons in the first two months of 2026, while export revenues declined 15.2pct to USD 1.3 bln, according to the Turkish Steel Producers' Association (TCUD). In February…
The U.S. Department of Commerce has issued a final affirmative countervailing duty (CVD) determination on steel rebar imports from Algeria, finding that exporters benefited from government subsidies. Commerce determined…
Pakistan's Dost Steels Limited (DSL) has reported progress on its financial and operational restructuring, following a settlement agreement with its syndicate lenders, according to a company filing. The company has…
Iron ore futures declined on Thursday amid rising geopolitical tensions and a broader risk-off sentiment in global markets. A more hawkish stance from the U.S. administration on the Iran conflict triggered a market…
CMC Steel has completed two major power and automation upgrade projects at its Sayreville, New Jersey facility, as part of a broader modernization program executed by AIC. The first project involved a full revamp of the…
SSAB has signed a binding offtake agreement with Greenland Resources to secure long-term supply of low-carbon ferromolybdenum. Under the agreement, SSAB will source ferromolybdenum extracted in Greenland and refined in…
Benteler Steel/Tube and SMS group have completed the modernization of the stretch-reducing mill (SRM) at the Paderborn-Schloss Neuhaus plant in Germany. The project involved replacing the legacy CARTA automation system…
Pakistan's flat steel producers, International Steels Limited (ISL) and Aisha Steel, have increased domestic prices for cold-rolled and galvanized steel by PKR 5,000 (USD 18) per ton. Following the increase, ISL's 1 mm…
Iranian steel producers Mobarakeh Steel Company and Khuzestan Steel Company have been targeted in a second wave of U.S./Israel airstrikes, according to media reports, with the latest attacks hitting internal production…
Baosteel has achieved key production and cost targets at its Fastarc Zerobucket electric arc furnace (EAF) in Shanghai, with monthly output exceeding 100,000 tons of liquid steel and operating cost reductions of around…
SAIL's Durgapur Steel Plant (DSP) has awarded SMS group a turnkey contract to modernize its two 6-strand billet casters in Durgapur, West Bengal, as part of efforts to enhance long product capacity and efficiency. The…
Mesabi Metallics, backed by India's Essar Group, has secured a USD 520 mln senior secured credit facility as it advances its iron ore project in Minnesota toward commercial operations later this year. The financing has…
UMB Steel will restart its Otelu Rosu plant in Romania with the development of a new meltshop, supported by technology supplier Sarralle, as part of a project focused on modern, energy-efficient steelmaking. The…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for April deliveries. Its rebar prices (12-32 mm) have been raised by SAR 100 (USD 27) to SAR 2,460 (USD 656) per…
Hyundai Steel has issued the final acceptance certificate to SMS group for the multi-phase upgrade of continuous galvanizing line #1 (CVGL#1) at its Dangjin plant in South Korea, marking the completion of a project…
Hoa Phat Dung Quat Steel Joint Stock Company, in partnership with Horus Power (HRP), has commenced phase 2 of its rooftop solar power project as part of efforts to increase clean energy use and reduce production costs…
Tata Steel said delivery of a key electric arc furnace (EAF) for its Port Talbot steelworks in the UK has been delayed due to shipping disruptions linked to the ongoing Middle East conflict, which has driven up freight…
Magnitogorsk Iron and Steel Works (MMK) has started production of high-strength rebar grades with guaranteed resistance to stress corrosion cracking, including A500SCK/A500SNK and A600SCK/A600SNK. The company has also…
The Middle East steel industry is increasingly being drawn into the ongoing regional conflict, with escalating hostilities heightening uncertainty across energy, logistics and industrial supply chains. According to…
Saudi Steel Pipe Co. (SSP) has secured a contract for the supply of oil and gas steel pipes to Saudi Aramco, according to a Tadawul statement. The 12-month contract is worth around approximately SAR 127 mln (USD 33.8…