Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures declined on Thursday as falling oil prices after the memorandum of understanding between the United States and Iran, coupled with concerns over weakening Chinese steel demand, weighed on market…
The London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) have signed an agreement to launch a new steel futures contract that will provide international market participants with exposure to China's HRC…
UAE-based flat steel producer Al Ghurair Iron & Steel (AGIS) has partnered with Metal Park to enhance logistics, warehousing and fulfillment services across the country's steel supply chain. Under the agreement, Metal…
Turkey exported 819,300 tons of HRC during the first four months of 2026, down more than 18pct YoY, according to data from the Turkish Statistical Institute (TUIK). Italy remained the largest destination for Turkish HRC…
Iron ore futures continued to decline on Wednesday as rising supply, weakening steel demand and deteriorating mill margins weighed on market sentiment. Market insiders said Chinese steel production may be nearing a…
Fujian Kunbao New Materials, part of China's Sanbao Group, has awarded Fives a contract to design and supply two strip processing lines for grain-oriented (GO) electrical steel production at its Zhangzhou facility. The…
Turkey's Ministry of Trade has imposed definitive anti-dumping duties on certain cold-rolled, galvanized and painted flat steel imports from China and South Korea after concluding that dumped imports caused material…
Iron ore futures fell on Tuesday as weak Chinese property sector data and concerns over deteriorating steel mill margins weighed on market sentiment. China's property market, once the country's largest steel-consuming…
Japan's leading electric arc furnace (EAF) steelmaker Tokyo Steel has increased prices for most steel products for July sales, citing rising energy and raw material costs as well as firmer domestic and international…
South Korea's POSCO has launched a joint research project with Hyundai Motor and eight other industry, academic and research organizations to develop next-generation electrical steel aimed at improving the efficiency of…
Iron ore futures fell on Friday as abundant supply and weakening steel demand continued to weigh on market sentiment. The market remained under pressure from high iron ore inventories at Chinese ports. Market insiders…
Iron ore futures declined on Thursday as rising supply and weak steel demand continued to weigh on market sentiment. Market insiders said rising iron ore supply, coupled with weakening margins at Chinese steel mills and…
Iron ore futures rebounded on Wednesday, supported by positive Chinese economic data, although concerns over the demand outlook continued to limit gains. The market also drew support from a month-on-month increase in…
Turkey's HRC imports increased by 6.5pct YoY to 1.14 mln tons during the first four months of 2026, according to data from the Turkish Statistical Institute (TUIK). Russia remained the largest supplier during the period…
Iron ore futures extended their losses on Tuesday as weak steel demand and ample supply continued to weigh on market sentiment. The key steelmaking raw material remains under pressure from rising global supply and high…
Iron ore futures moved lower on Monday as concerns over slowing steel demand and high supply levels continued to weigh on market sentiment. Analysts noted that port-side trading activity has slowed, while iron ore…
Angang Guangzhou Automotive Steel has successfully produced the first coil at its new hot-dip galvanizing line (CGL No. 2), supplied by SMS group, achieving the milestone 40 days ahead of schedule. The project marks the…
India remained a net importer of finished steel during the first two months of fiscal year 2026/27, with imports rising faster than exports, according to provisional data from the Joint Plant Committee (JPC). Finished…
A fire at Tata Steel's Port Talbot steelworks in Wales has damaged a pickle line and disrupted downstream operations, prompting the company to activate contingency measures to maintain customer supply. The fire broke…
Iron ore futures declined on Friday as concerns over weakening steel demand and pressure on Chinese steel mill margins continued to weigh on market sentiment. Higher coking coal prices and the seasonal slowdown in steel…
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