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Nickel, which had steadily gained this week in anticipation of the sanctions news, pared an earlier advance of as much as 1.2% to trade just 0.3% higher.

One of the leading companies in the Indian steel industry, Tata Steel, has received approval from the National Company Law Tribunal,Mumbai Bench (NCLT), to withdraw its merger proposal with TRF.

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.

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

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.