Middle East Steel News
Kardemir raises wire rod prices
Turkish steelmaker Kardemir has raised its wire rod prices by USD 10 per ton, according to its recent price list.
The company is offering 5.5...
Regulator extends antidumping probe on Turkish and Chinese flat steel imports
Egypt's Trade Remedies Sector, part of the Ministry of Investment and Foreign Trade, has extended its antidumping investigation into imports of cold-rolled, galvanized, and...
ArcelorMittal TPJ secures financing for OCTG expansion project
ArcelorMittal Tubular Products Al-Jubail (ArcelorMittal TPJ) and Jubail Energy Services Company (JESCO) have closed a USD 1.4 bln strategic financing package to support their...
Molan Steel sues Yara International to nullify Mayar acquisition deal
Molan Steel Co. has filed a lawsuit against Yara International Ltd. before the Riyadh Commercial Court seeking to annul its SAR 34.88 mln (USD...
Amreli Steels approves equity injection from sponsor amid restructuring
Amreli Steels Limited's board has approved the direct issuance of up to 40 mln ordinary shares at PKR 25 each, raising PKR 1 bln...
Global Steel News
Jindal Stainless opens first fabrication unit in Mumbai
Jindal Stainless, through its subsidiary Jindal Stainless Steelway, has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. Spanning 400,000 sq ft,...
Outokumpu wins environmental award for CO2-cutting innovation at Calvert mill
Outokumpu's Calvert mill in Alabama has been recognized by Partners for Environmental Progress (PEP) for its efforts to reduce environmental impact, marking the third...
Network Steel Group signs renewable energy deal with Statkraft and Fortia
Network Steel Group (NSR) has entered into a five-year power purchase agreement (PPA) with Statkraft and Fortia Energia to secure a stable electricity supply...
Metalloinvest’s Lebedinsky GOK overhauls HBI production units
Metalloinvest's Lebedinsky GOK has completed major repairs at two hot briquetted iron (HBI) production units, HBI-1 and HBI-2, five days ahead of schedule.
The 17-day...
Govt reportedly bans BHP iron ore purchases amid pricing dispute
China, the world's largest iron ore consumer, has reportedly instructed its steelmakers to halt purchases from Australian mining giant BHP, according to multiple media...
New (Renewed) Steel Companies on MEsteel
