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.

Egypt’s Al Gioshy Steel announced on Thursday that it has completed the acquisition of Arabian Steel Industries

A new low-carbon ferrochrome project has commenced trial operations at SOHAR Freezone, bolstering Oman’s credentials as a regional ferrochrome production powerhouse.

Sohar Port and Freezone on Sunday signed a land lease agreement with Starsun Sohar (FZC) to establish a recycling plant dedicated to the sustainable management of lead-acid batteries in Sohar Freezone.

Gulf Alloys and Metals (FZC) LLC began a trial run of its 10,000 tpa capacity ferrochrome alloy plant.

Vale will receive its pro rata share of Minas Rio production with completion of the deal. It will also have an option to acquire an additional 15pc stake in the enlarged Minas Rio for cash.

India's private-sector steelmaker JSW Steel has announced a 13.2mn t/yr greenfield steel manufacturing complex in Paradip, Odisha.

The total trading volume of 2403 contract on the exchange was 86123 lots, with a turnover of about 2857.4746 million yuan.