Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Tenaris has invested USD 520,000 to install an electric induction coil for the upsetting line at its TuboCaribe seamless steel pipe mill in Cartagena, Colombia, replacing a natural gas furnace. This line, which…
Jindal India Limited, a major player in India's downstream steel industry, has announced plans for a capital expenditure of INR 1,500 crore (USD 179 mln) to significantly boost its production capacity. The expansion…
Vallourec, a global leader in premium seamless tubular solutions, has signed a definitive agreement to acquire 100pct of the shares of Thermotite do Brasil Ltda., a subsidiary of Mattr specializing in thermal insulation…
Borusan Pipe, a Turkish manufacturer, has inaugurated a EUR 15 mln (USD 16.6 mln) service center near Ploiesti, southern Romania. The facility, which received a state grant of EUR 5.83 mln (USD 6.48 mln), is expected to…
The Indian Ministry of Finance has extended the countervailing duty on imports of welded stainless steel pipes and tubes from China and Vietnam for an additional five years. This decision follows the Directorate General…
India's Welspun Corp has announced a board-approved investment of approximately USD 100 mln to upgrade its pipe manufacturing unit in the United States, according to a stock exchange filing. The investment, to be made…
The Turkish Ministry of Environment and Urbanization has initiated the environmental impact assessment (EIA) process for YC Inox TR Celik, a Turkish subsidiary of Taiwan's YC Inox, as part of its stainless steel pipe…
India's Rama Steel Tubes has announced a strategic collaboration with Onix Renewable to supply steel structures for Onix's solar projects. The partnership aims to leverage Rama Steel Tubes' expertise to provide steel…
Turkish pipe producer Borusan Boru announced that its US subsidiary, Borusan Berg Pipe, has signed a pipe supply agreement with Blackcomb Supply Co, LLC, a WhiteWater affiliate, for the Blackcomb Mainline natural gas…
Tenaris has begun operations at its seamless pipe mill in Campana, Argentina, with the successful first casting of its new Electric Arc Furnace (EAF), the company announced. The EAF, featuring Consteel technology, aims…
Turkey exported 1.04 mln tons of welded steel pipes in the first half of the year, marking a 12.3pct increase from the previous year, according to the Turkish Statistical Institute (TUIK). Romania was the largest…
Turkey's Cinar Boru announced that its subsidiary, Cinar Celik, has launched a new pickling line in Eregli, according to local media reports. The company invested over USD 20 mln in the new line, which has an annual…
Crescent Steel and Allied Products Limited has secured an agreement with the joint venture of China Harbour Engineering Company Limited (CHEC) and Al-Fajr International (AFI) to supply an additional quantity of coated…
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed a contract with Welspun Middle East Pipes to allocate 493,000 square meters of industrial land in Dammam's Third Industrial City for the…
Man Industries (India) has announced plans to establish a new plant in Dammam, Saudi Arabia, with an estimated project cost of over USD 71 mln, according to a stock exchange filing. The new facility will feature line…
Achv Aceros has awarded Danieli Centro Tubes a contract to supply two advanced ERW tube mills for its new facility in Monterrey, Mexico. These mills will manufacture welded structural tubes with yield strengths up to…
The US Department of Commerce has preliminarily determined that Al Jazeera Steel Products sold circular welded carbon-quality steel pipe from Oman below market value in the US. This finding pertains to sales made during…
Saudi Arabia's Group Five Pipe reported a 5pct drop in net profit to SAR 9.2 mln (USD 2.44 mln) for H1 2024, according to a stock exchange filing. The decline was attributed to increased financing costs. The company's…
Vietnam's finished steel production is expected to reach 30 mln tons this year, a 7pct increase from last year, according to the Ministry of Industry and Trade (MoIT). However, the sector faces challenges, including…
Saudi Steel Pipe Co. (SSP) has been awarded a SAR 138 million (USD 36.7 million) contract to supply oil and gas steel pipes to Saudi Aramco, according to a stock exchange filing. The contract is set to last for 12…
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