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Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.

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Iron ore under pressure from weak demand outlook

China China

Iron ore futures extended losses on Thursday as concerns over weakening steel demand and pressure on Chinese steel mill margins continued to weigh on market sentiment. Market insiders noted that steelmakers are facing…

Iron ore declines amid weak steel demand outlook

China China

Iron ore futures declined on Wednesday as concerns over weakening steel demand continued to weigh on market sentiment. The outlook for iron ore remained under pressure amid expectations of slower steel consumption…

Iron ore gains as coking coal extends rally

China China

Iron ore futures post gains on Tuesday, supported by a continued rally in coking coal prices, although the broader outlook for the steelmaking raw material remained pressured by concerns over weakening steel demand and…

Zhongshou commissions Arvedi ESP plant in Hebei

China China

Zhongshou Special Steel has successfully commissioned a new Arvedi ESP (Endless Strip Production) plant supplied by Primetals Technologies at its Luanzhou facility in Hebei Province, China. The first coil was produced…

Finished steel imports from China surge in April

India India

China's finished steel exports to India more than doubled YoY in April, reaching around 232,000 tons, the highest monthly level in at least two years, according to provisional Indian government data, Reuters reported…

Iron ore futures weaken on rising supply concerns

China China

Iron ore futures remained under pressure on Friday amid rising supply levels and concerns over steel demand, although losses were limited by relatively firm near-term consumption. Higher shipments from major miners and…

Iron ore futures down as seasonal slowdown weighs

China China

Iron ore futures declined on Thursday as concerns over weaker steel demand continued to weigh on market sentiment. Some Chinese steel traders said that domestic steel demand remains relatively stable, though rising…

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