Thursday, May 1, 2025
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    Hadeed unveils revised long steel prices for May deliveries

    The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70...

    Ministry launches safeguard investigation into HR steel imports

    The Egyptian Ministry of Investment and Foreign Trade has launched a safeguard investigation into imports of hot-rolled steel products, according to a notification from...

    Mughal Steel’s profit drops sharply in 9M FY25

    Pakistan's Mughal Iron and Steel Industries Limited (Mughal Steel) reported a consolidated profit of PKR 412.39 mln (USD 1.46 mln) for the nine-month period...

    Iron ore futures pressured by steel output cut speculation and cooling demand

    Iron ore futures declined on Wednesday, pressured by mounting concerns over long-term demand. The market faces several headwinds, including the potential for steel production cuts,...

    SSAB secures funding for fossil-free steel project in Lulea

    SSAB has secured EUR 2.3 bln (USD 2.62 bln) in green financing to support the construction of a state-of-the-art fossil-free mini-mill in Lulea, Sweden,...

    Xinfeng breaks ground on USD 1.65 bln steel complex in Sokhna

    The Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), Waleid Gamal El-Dein, has laid the foundation stone for Chinese company...

    SSP settles land dispute in Dammam

    Saudi Steel Pipe Co. (SSP) has signed a settlement agreement with the sellers of three land plots in Dammam, originally purchased in 2010. The...

    Iron ore ticks up on near-term demand, but gains capped by long-term headwinds

    Iron ore futures edged higher on Tuesday, supported by near-term demand, though gains were capped by ongoing concerns over long-term consumption. Pre-holiday restocking ahead of...

    Tokyo Steel expands flat product range with Okayama plant upgrade

    Tokyo Steel Manufacturing plans to invest nearly JPY 10 bln (USD 70 mln) to upgrade its hot-dip galvanizing line at the Okayama Plant, enabling...

    British Steel supplies rail for Long Marston Rail Innovation Centre redevelopment

    British Steel is supplying 350 tons of rail for a major redevelopment at the Long Marston Rail Innovation Centre in Warwickshire, the company announced...

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