Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Tata Steel is set to invest GBP 12 mln (USD 15.2 mln)in its tube-making operations in Corby, funded by the sale of redundant land on the west side of the site. Warmflame Developments (WD) has facilitated this sale…
Tenaris has been awarded a contract for the supply of pipes and related services for phase II-A of the Sakarya gas field development. Turkish Petroleum (TPAO) operates the project, located in the ultra-deep waters of…
Vallourec has won two major orders to supply line pipes for phases 6 and 8 of the Buzios oil field development operated by Petrobras. These orders are in addition to the contract previously won for phase 7, representing…
Rama Steel Tubes (RSTL), a prominent steel pipe and tube manufacturer in India, has announced the signing of a strategic Memorandum of Understanding (MoU) with JSW Steel Group. This collaborative agreement aims to…
The Ministry of Steel reported that India's overall steel import reached 484,000 tons, representing a 5.9pct month-on-month increase and a 7.6pct increase compared to June 2022. In June 2022, China accounted for 26.1pct…
Fives has signed a contract with Husteel to design and supply a complete solution to manufacture oil country tubular goods for its new plant in the USA. Husteel, part of South Korea’s Shinan Group, is a leading welded…
ArcelorMittal, the world's top steel and mining company, has introduced a groundbreaking line of steel tubes with significantly reduced carbon emissions. These innovative tubes, made from XCarb recycled and renewable…
East Pipes Integrated Company for Industry signed a Shariah-compliant credit facility agreement worth SAR 1.1 bln (USD 293 mln) with Banque Saudi Fransi, according to a statement to Tadawul. The agreement is valid for…
Cenergy Holdings, a Belgian holding company focused on the growing global demand of energy transfer, renewables, and data transmission, has announced that its steel pipes segment, Corinth Pipeworks, has been awarded a…
Tenaris, a leading global manufacturer and supplier of steel pipes for the energy industry, has made a strategic investment of USD 10 mln to acquire the oil and gas division of Isoplus. Isoplus is a renowned producer of…
Vietnam’s steel producer, Hoa Phat Group experienced a decline in crude steel production in June 2023, producing 520,000 tons, which was 23pct lower than the same period in 2022. The company’s sales volumes of…
Saudi Arabia's Arabian Pipes Company (APC) has successfully secured two pipe supply contracts, as stated in the company's filing to the bourse. APC has been awarded a contract valued at approximately SAR 322 mln (USD…
Minister of Petroleum and Mineral Resources, Tarek El Molla, engaged in talks with a delegation from Saudi company ArcelorMittal Jubail to explore potential cooperation in the manufacturing of oil and gas pipelines, the…
Vallourec, a global leader in premium tubular solutions for the energy industry, has announced the signing of a Memorandum of Understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA). The MoU, signed…
UAE's steel exports to the United States declined by nearly 35 pct YoY to 77,236 tons in the first four months of 2023. In Jan-Apr 2023, UAE's pipe was the major product exported in the given period to the United…
Arabian Pipes Co. (APC) has been awarded a supply contract worth around SAR 27 mln (USD 7.19 mln) by Saudi Aramco, as stated in an announcement to Tadawul. Under the terms of the contract, APC will provide steel pipes…
Vietnamese steel producer, Hoa Phat Group witnessed a decline in production and sales figures in May 2023 compared to the same period last year. However, there were signs of recovery compared to the previous month…
Tubacex, a global leader in industrial products and services, has entered into a land lease agreement with KEZAD Group, the integrated economic and industrial center of Abu Dhabi, to establish a state-of-the-art pipe…
Tenaris has been awarded a contract to provide 450 tons of structural tubes for the Gewiss stadium, the home of Atalanta, the football team based in Bergamo, Italy. Tenaris operates a seamless mill in Dalmine, located…
Japan's JFE Steel will partner with Exxon Mobil to develop high-pressure hydrogen pipeline technology, seeking to help shape industry standards amid the anticipated increase in demand in the U.S. High-pressure pipelines…
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