• Tuesday 28 July 2026
Youtube Linkedin Facebook
Arab Steel Summit
Search

Crude Steel

POSCO invests $381.7 million to modernize blast furnace No. 4 in Pohang

News /

South Korean steelmaker POSCO has invested KRW 530 billion ($381.7 million) to modernize blast furnace No. 4 in Pohang. During the modernization, the outdated equipment of the unit was replaced and a smart control system was installed, which increased the productivity of the blast furnace and reduced production costs. In addition, POSCO increased the thickness […]

POSCO invests $381.7 million to modernize blast furnace No. 4 in Pohang Read More »

Emirates Steel Company Arkan signs MoU with Danieli to reduce carbon

News /

Emirates Steel Arkan announced that it has signed a memorandum of understanding with the Danieli Group, the international company. The memorandum was signed by Saeed Alghafri, CEO of Emirates Steel Arkan, and Rolando Paolone, CEO and CTO of Danieli, during the Fifth Danieli Innovaction Meeting that took place at Danieli headquarters in Italy. Emirates Steel

Emirates Steel Company Arkan signs MoU with Danieli to reduce carbon Read More »

Libyan Iron and Steel Company exceeds its direct reduced iron (DRI) production target in H1 of 2024.

News /

The Libyan Iron and Steel Company announced its production of raw steel, as Eng. Mohamed Al-Radani, Director of the Direct Reduction Factories Operation Department, confirmed through the company’s official Facebook page that the company succeeded in achieving the semi-annual target for the year 2024, and even exceeded it. He pointed out that the first and

Libyan Iron and Steel Company exceeds its direct reduced iron (DRI) production target in H1 of 2024. Read More »

Midrex :Producing 76 million tons of direct reduction iron in the world in 2023

News /

Global production of direct reduced iron (DRI) in 2023 using Midrex technology reached 76 million tons in 2023, an increase of 3.3% from 2022. This was stated in the Midrex report. In 2023, Midrex technology accounted for about 80% of global DRI production. Meanwhile, at least 9 plants set new annual records, and another 9

Midrex :Producing 76 million tons of direct reduction iron in the world in 2023 Read More »

Tata Steel Nederland unveils new steel product with high scrap content

News /

Tata Steel Nederland, a subsidiary of Indian steelmaker Tata Steel, has announced the launch of Zeremis® Recycled, its new steel product which has a higher recycled scrap content, aiming to help its customers to reach their short-term circularity goals without sacrificing quality and to meet the demand for this type of steel in several sectors

Tata Steel Nederland unveils new steel product with high scrap content Read More »

Report: The European steel sector faces the risk of missing climate goals

News, Public Reports /

Environmental campaigners warn that the European steel industry risks missing its ambitious climate targets, despite billions of euros in support pledges by the region’s governments. The non-profit research organization Aria indicated that the European Commission has approved grants worth more than 8 billion euros since 2022 to some of the largest producers in the bloc.

Report: The European steel sector faces the risk of missing climate goals Read More »

Danieli and Kanthal partner to decarbonize DR and steel production

News /

The Italian plantmaker Danieli and the Swedish electric industrial heating technology provider Kanthal have announced a strategic partnership that aims to decarbonize direct reduction and blast furnace operations thanks to Prothal® DH technology for electric gas direct-heating. The introduction of this new technology – developed by Kanthal – will reduce carbon emissions in steel and

Danieli and Kanthal partner to decarbonize DR and steel production Read More »

SMS Group completes the modernization of the blast furnace A at Salzgitter Flachtstal AG

News /

SMS has successfully commissioned a new Paul Wurth Parallel Hopper Bell Less Top® (BLT) in blast furnace A at Salzgitter Flachstahl AG. As part of this SMS upgrade, the BLT system from 1977 was replaced by a new Paul Wurth Parallel Hopper Bell Less Top®, which boasts an array of technical and operational enhancements. The

SMS Group completes the modernization of the blast furnace A at Salzgitter Flachtstal AG Read More »

Ezz Steel Tops Arab Producers List in 2023 with 6.2 million tons of crude steel output

News /

In the latest report of Worldsteel , which was released on June 6, 2024 and includes a list of the largest steel producing companies and their ranking according to production in 2023. Ezz Steel ranked first among Arab Steel producers with 6.2 million tons of crude production, followed by Hadeed (SABIC) with 5.5 million tons

Ezz Steel Tops Arab Producers List in 2023 with 6.2 million tons of crude steel output Read More »

Tata Steel selects SMS group to spearhead decarbonization initiative with innovative Coke Oven Gas injection technology

News /

Tata Steel Meramandali, Odisha, India, has taken a significant step in its journey towards decarbonization by placing an order with SMS group for the implementation of Paul Wurth Coke Oven Gas (COG) Injection Technology at their Blast Furnace (BF) #1. Coke oven gas is a byproduct that forms during the production of coke from coal

Tata Steel selects SMS group to spearhead decarbonization initiative with innovative Coke Oven Gas injection technology Read More »

Egypt: The Ministry of Industry supports iron and steel factories to produce green steel

News /

Engineer Ahmed Samir, Minister of Trade and Industry, and Major General Abdel Majeed Saqr, Governor of Suez, discussed with representatives of 137 international companies specialized in the field of iron and steel manufacturing at the headquarters of the Suez Steel Company, affiliated with the Misr Steel Group, the investment opportunities available in the Egyptian market

Egypt: The Ministry of Industry supports iron and steel factories to produce green steel Read More »

MoU between Emirates Steel Arkan and Delong Steel Group to build a factory for low-carbon emission raw materials

News /

Emirates Steel Arkan, the largest local steel producer and market leader in the UAE, announced that it has signed a memorandum of understanding with China-based Delong Steel, in order to decarbonize its operations. Accordingly, and within the scope of the Memorandum of Understanding, the two companies will cooperate in building and operating a low-carbon raw

MoU between Emirates Steel Arkan and Delong Steel Group to build a factory for low-carbon emission raw materials Read More »

Egypt: AlGioshy Steel intends to establish a new production line worth one billion pounds

News /

The Egyptian AlGioshy Steel Company is negotiating with several Italian companies, most notably Danieli and Cedar Engineering, to add a new production line during the next year at an investment cost ranging between 500 million and 1 billion pounds. Tarek AlGioshy , the company’s chairman, said in an interview with Al Arabiya Business that, in

Egypt: AlGioshy Steel intends to establish a new production line worth one billion pounds Read More »

ArcelorMittal’s decarbonization project in Germany receives funding approval

News /

Robert Habeck, federal minister for Economic Affairs and Climate Action of Germany, has announced his approval for the funding for the decarbonization project to be implemented by Luxembourg-based steelmaker ArcelorMittal at its Bremen and Eisenhüttenstadt plants. By securing the approval, the steel giant will now be able to start decarbonizing its steel production in the

ArcelorMittal’s decarbonization project in Germany receives funding approval Read More »

Fitch expects China’s steel, cement and aluminum production to recover in Q2

News /

Fitch Ratings Agency expected steel, cement and aluminum production in China to recover, with an increase in construction activity from the second quarter of 2024, but indicated that the rise in steel and aluminum production would be greater, supported by better profit margins. The agency said that China’s crude steel production fell by 2% year-on-year

Fitch expects China’s steel, cement and aluminum production to recover in Q2 Read More »

ArcelorMittal’s production increased to 14.4 million tons of steel in Q1 of 2024.

News /

ArcelorMittal increased its steel production by 5.1% quarter-on-quarter – to 14.4 million tons in the first quarter of 2024. The figure decreased by 0.7% compared to the same period in 2023. This is stated in the quarterly report published on the company’s website. Iron ore production for the last quarter amounted to 10.2 million tons,

ArcelorMittal’s production increased to 14.4 million tons of steel in Q1 of 2024. Read More »

Memorandum of understanding between Libyan Iron and Steel Company and the Italian company Danieli

News /

The Libyan Iron and Steel Company signed a memorandum of understanding with the Italian company Danieli to launch a project to implement a direct reduction plant. The Libyan company made the statement through its official Facebook account. The factory will produce two million tons of sponge iron and hot-molded iron annually. Sponge or hot-molded iron

Memorandum of understanding between Libyan Iron and Steel Company and the Italian company Danieli Read More »

India’s steel exports and imports rise in fiscal year 2023-24

News /

India’s steel imports were initially estimated at 8.32 million tonnes in FY 2023-24, up 38% year-on-year making the country a net importer of steel, data from the Joint Plants Committee (JPC) of the Ministry of Steel showed. According to the data, India’s steel exports were initially estimated at 7.48 million tonnes during 2023-24, an increase

India’s steel exports and imports rise in fiscal year 2023-24 Read More »

India intends to increase steel capacity by more than 22 million tons in 2024

News, Public Reports /

India’s leading steel companies, including JSW Steel and Tata Steel, plan to invest heavily in increasing steel capacity by at least 22 million tons per year in the 2024/2025 fiscal year. This was reported by Nasdaq. Indian companies are trying to increase production capacity to record levels to capitalize on growing domestic demand for steel

India intends to increase steel capacity by more than 22 million tons in 2024 Read More »

World’s crude steel production declined by 1.6% in January 2024, and Arab countries increased

News, steel Statistics /

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.1 million tonnes (Mt) in January 2024, a 1.6% decrease compared to January 2023. Crude steel production by region Area Jan 2024 (Mt) % change Jan 24/23 Jan-Jan 2024 (Mt) % change  24/23 Africa 2.0 16.3 2.0 16.3 Asia

World’s crude steel production declined by 1.6% in January 2024, and Arab countries increased Read More »

ArcelorMittal to receive €1.3 billion funding for decarbonization projects at Bremen and Eisenhüttenstadt

News /

Luxembourg-based steelmaker ArcelorMittal has announced that it will receive around €1.3 billion in funding for its decarbonization projects at its Bremen and Eisenhüttenstadt plants in Germany from the country’s Federal Ministry for Economic Affairs and Climate Action. The funding, which is subject to the approval of the European competition authority, relates to an overall project

ArcelorMittal to receive €1.3 billion funding for decarbonization projects at Bremen and Eisenhüttenstadt Read More »

Tunisia : Ministry of Economy applies for a loan from the European Bank for the benefit of ELFOULADH company

News /

The Minister of Finance, who is in charge of running the Ministry of Economy and Planning in Tunisia, Siham Al-Boughdiri Namsiya, confirmed that the Ministry of Economy has approached the European Bank for Reconstruction and Development to obtain a loan worth $70 million with the aim of renewing the means of production of the “ELFOULADH”

Tunisia : Ministry of Economy applies for a loan from the European Bank for the benefit of ELFOULADH company Read More »

India’s Tata Steel intends to eliminate 2,800 jobs in the steel sector in the United Kingdom

News /

Indian company Tata Steel announced on Friday that it will close both blast furnaces at its plant in Port Talbot, British Wales, cutting 2,800 jobs, as part of a plan to make its unprofitable UK operations smaller and environmentally cleaner. Tata plans to switch from coal-fired blast furnaces to electric arc furnaces, which emit less

India’s Tata Steel intends to eliminate 2,800 jobs in the steel sector in the United Kingdom Read More »

Nucor Steel Brandenburg opens a new facility housing one of world’s largest continuous casting plants

News /

Nucor Steel Brandenburg has celebrated the inauguration of the new greenfield facility at the Buttermilk Falls Industrial Park site located on the Ohio River in Brandenburg, Kentucky. It is one of the world’s largest and most advanced continuous casting plants, which is capable of producing 1.45 million tons of slabs per year in widths of

Nucor Steel Brandenburg opens a new facility housing one of world’s largest continuous casting plants Read More »

Search
Whatsapp Instagram Youtube Twitter Facebook