UK steel users warn of higher costs South Korea seeks EU steel tariff relief Vale sees strong long-term iron ore demand India rejects steel overcapacity allegations
ArcelorMittal is significantly expanding its footprint in the UAE with the inauguration of its third steel plant at the Hamriyah Free Zone. This strategic move is aimed at strengthening the company’s position in the Middle East’s growing steel market. The new plant is designed to enhance production capabilities and support local and regional demand for high-quality steel products. It will help ArcelorMittal to provide timely and cost-effective steel solutions for key industries in the UAE, including construction, automotive, and infrastructure. The expansion is expected to improve the company’s competitiveness in the region while ensuring a more sustainable supply chain. By boosting its presence in the UAE, ArcelorMittal seeks to capitalize on the country’s strategic location and burgeoning demand for steel products. The plant will also play a vital role in supporting the UAE's vision for industrial growth and economic diversification. This addition complements ArcelorMittal’s existing plants in the region, solidifying the company’s role as a key player in the steel sector.
Also Read : India business growth at 4-month high in January: PMI India should connect to Chinese supply chain to promote manufacturing: Economic survey
India to Develop High-Grade Steel for Auto Sector, Cut Import Dependence Union Steel and Heavy Indu...
Announcement 11-Sep-2025
India’s steel and steel-linked companies are lining up for the primary market, with an I...
Business 19-Feb-2026
India’s push to expand steel capacity while cutting emissions is running into a growing...
Business 16-Feb-2026
Iron ore exports worldwide reached 376 million tonnes (MT) in January–March 2024, up 6% from t...
Ferrous 17-May-2024
Aluminium prices on Friday declined ₹1.05 to ₹201.45 per kilogram in the futures market as participa...
Non-Ferrous 02-Feb-2024
Sambhv Steel Tubes Limited is preparing a major capacity expansion at its Kesda, Chhattisgarh facili...
Construction 24-Dec-2025