Thursday, October 30, 2025
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SSP’s profit slips in Jan-Sep 2025 on lower sales volumes

Saudi Steel Pipe Co. (SSP) reported a 7pct YoY decline in net profit for the first nine months of 2025, reaching SAR 198 mln...

Group Five, SWCC revise Ras Al Khair steel pipeline contract to expedite completion

Saudi Arabia's Group Five Pipe Saudi Co. announced that it has mutually agreed with the Saline Water Conversion Corporation (SWCC) to reduce the total...

Qatar Steel partners with Customs to regulate steel scrap exports

Qatar Steel announced that it has signed a Memorandum of Understanding (MoU) with the General Authority of Customs, aimed at establishing controls and procedures...

Amreli Steels prolongs rolling mill shutdown in Karachi as industry woes persist

Amreli Steels Limited has extended the suspension of operations at its Karachi S.I.T.E. rolling mill for another six months, citing ongoing operational and economic...

Iron ore futures ease as investors lock in gains amid cautious sentiment

Iron ore futures edged higher on Thursday, supported by easing U.S.-China tensions, though profit-taking later trimmed early gains. The United States and China have agreed...

Tata Steel to build new coke oven battery at Jamshedpur plant

Tata Steel plans to construct a new 1 mln tons per annum coke oven battery at its Jamshedpur plant as part of its ongoing...

Cleveland-Cliffs completes successful trial to replace aluminum with steel in auto parts

Cleveland-Cliffs Inc. has successfully completed a production trial with a major automotive OEM, demonstrating that its exposed steel parts can be stamped without defects...

Pacific Steel Group to build ultra-low emission steel plant in California

Pacific Steel Group has selected Danieli to supply a cutting-edge ECO Primary Line for its upcoming Hybrid MiDa plant in California, aiming to create...

Arabian Pipes reports 37pct drop in Q3 profit on lower sales volumes

Saudi Arabia's Arabian Pipes Co. (APC) reported a 36.7pct YoY decline in net profit for the third quarter of 2025, citing weaker sales volumes,...

NYK Line and Port of Duqm partner to advance green steel and hydrogen hub development

Japanese shipping firm, Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company (PODC) have signed a memorandum of understanding (MoU) to...

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