Middle East Steel News
GCC beams market navigates weak demand and shipping disruption
The GCC beams market remains subdued amid seasonal weakness in demand, while shipping disruptions and higher freight costs are complicating imported supply.
Due to geopolitical...
Borusan Pipe’s US unit wins USD 555 mln in new orders
Turkey's Borusan Pipe's US subsidiary, Borusan Berg Pipe, has secured new sales orders worth approximately USD 555 mln following commercial negotiations in the US...
Dalipal advances OCTG manufacturing project at SPARK
Chinese tubular products manufacturer Dalipal Holdings has signed a 25-year lease for a 1.03 mln sq m plot at King Salman Energy Park (SPARK)...
Masdar shelves green hydrogen project at EMSTEEL plant – report
Abu Dhabi Future Energy Company (Masdar) has cancelled plans to develop a 100MW green hydrogen production facility at EMSTEEL's manufacturing complex in Musaffah, Abu...
ADNOC awards mega offshore EPCI contract to McDermott for Umm Shaif development
Abu Dhabi National Oil Company (ADNOC) has awarded McDermott a mega engineering, procurement, construction and installation (EPCI) contract for Package 4 of the Umm...
Global Steel News
Iron ore futures ease as rising raw material costs weigh on steel demand
China's iron ore futures edged lower on Thursday as rising coking coal and coke costs put further pressure on steel mills, while expectations of...
JSW Steel orders two pelletizing plants for Paradeep facility
Indian steelmaker JSW Steel has placed an order for two pelletizing plants with a combined capacity of 16 mln tons per year at its...
JFE Steel selected for CO2 transport pipeline R&D project
Japan's JFE Steel has been selected for a research and development project aimed at developing steel pipe materials for transporting high-pressure CO2, supporting the...
Govt extends anti-dumping duties on welded tubes from Belarus, China
The UK government has extended existing anti-dumping duties on certain welded tubes and pipes originating from Belarus and China for another five years, following...
Iron ore futures strengthen on improving market sentiment
China's iron ore futures strengthened on Wednesday as improving expectations for steel production provided support to the market, although rising iron ore supply limited...