Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Tokyo Steel, Japan's leading EAF-based steel producer, has announced price adjustments for April sales. HRC prices have been reduced by JPY 3,000 (USD 20) per ton to JPY 89,000 (USD 598) per ton, while pickled and oiled…
The European Commission is considering export duties of up to 25pct on scrap metal to support the domestic industry amid concerns over trade disruptions from U.S. tariffs, according to a draft EU plan seen by Reuters…
The global long steel market is facing unprecedented protectionist measures, with governments worldwide imposing tariffs and trade barriers, according to the latest outlook from the International Rebar Producers and…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have reduced CRC and galvanized coil prices by PKR 15,000 (USD 53) per ton, effective March 11, 2025. This marks the first price…
Morocco's Ministry of Industry and Commerce has initiated an anti-dumping investigation into galvanized wire imports from Egypt and the United Arab Emirates, as announced in a public notice. The probe follows a…
Pakistan's Aisha Steel Limited reported losses in the first half of fiscal year 2025, ending December 31, 2024, according to a stock exchange disclosure. The company posted a net loss of PKR 1.7 bln (USD 6 mln), a sharp…
The Competition Commission of Pakistan (CCP) has issued show-cause notices to International Steel (ISL) and Aisha Steel Mills (ASML) over alleged cartelization in the flat steel market. A final decision will be made…
U.S. President Donald Trump has officially raised tariffs on all steel and aluminum imports to 25pct, ending country exemptions and phasing out product exclusions. The move, which expands the original 2018 tariffs, has…
Iron ore futures rose slightly on Friday, ending a nine-session losing streak, as rising steel output and improving demand provided support. However, concerns over potential steel production curbs and escalating…
Iron ore futures fell on Thursday due to uncertainty over demand, driven by escalating trade frictions between the U.S. and China. However, Beijing's commitment to boosting domestic consumption and firm steel demand…
Romanian steelmaker Liberty Galati, part of the Liberty Steel Group, has entered a pre-insolvency procedure to stabilize its business, optimize resource allocation, and attract new investments. The move comes amid…
Iron ore futures remained under pressure on Wednesday, marking their eighth consecutive session of decline as escalating trade tensions between the U.S. and China, along with potential steel production curbs, weighed on…
China plans to restructure its massive steel industry by cutting output to address overcapacity, which has led to global trade tensions, according to news reports. At the National People's Congress in Beijing, the…
The European Commission is set to release an action plan addressing unfair trade measures affecting the steel sector and reassess import limits introduced during the Trump-era steel trade dispute, which are scheduled to…
Turkey's steel exports surged in January 2025, rising 23pct YoY to 1.1 mln tons, with export value increasing 14.6pct to USD 763.4 mln, according to the Turkish Steel Producers' Association (TCUD). The growth was driven…
Iron ore futures remained under pressure on Tuesday, marking their seventh consecutive session of decline. The drop was driven by ongoing U.S.-China trade tensions and steel production curbs in China. U.S. President…
ArcelorMittal South Africa (ArcelorMittal SA) will halt long steel production by the end of the second quarter of 2025 after failing to reach an agreement with the government to prevent the plant's closure. The company…
Iron ore futures fell on Friday, weighed down by concerns over U.S. tariffs and escalating trade frictions affecting Chinese steel exports. U.S. President Donald Trump announced plans to impose a new 10pct tariff on all…
Iron ore futures fell on Thursday as a deteriorating outlook for Chinese steel exports fueled demand concerns. Key markets for Chinese steel, including Vietnam and South Korea, recently announced anti-dumping measures…
Dongkuk CM, a subsidiary of Dongkuk Steel Group, plans to file an anti-dumping complaint against Chinese-origin color-coated and galvanized steel imports used in the construction sector. The move, in collaboration with…
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