Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures remained under pressure on Friday as market sentiment stayed cautious amid rising supply and record-high inventories. Iron ore stockpiles at major Chinese ports have reportedly climbed to around 170 mln…
Dongkuk CM, a Dongkuk Steel Group company specializing in cold-rolled and color-coated steel sheets, has developed an AI-based surface defect detection system, marking an industry first. Surface inspection of…
Iron ore futures rose on Thursday as expectations of a near-term recovery in steel demand improved market sentiment ahead of the Lunar New Year holidays, although broader demand concerns persisted. Market sources said…
Iron ore futures extended losses on Wednesday as weak steel demand and rising supply continued to weigh on market sentiment. Fundamentals remain under pressure amid record-high iron ore inventories at Chinese ports and…
Iron ore futures extended losses on Tuesday as the market remained cautious amid rising supply and subdued steel demand. Iron ore prices continued to face pressure from record-high inventories at major Chinese ports…
Algoma Steel Group has entered into a binding memorandum of understanding (MOU) with Hanwha Ocean to establish a long-term strategic arrangement linked to Canada's Patrol Submarine Project (CPSP). The proposed…
Dillinger has placed an order with SMS group for Paul Wurth cast iron staves and additional copper staves for blast furnace 5, which has an annual hot metal capacity of about 2.5 mln tons. The equipment will replace the…
Iron ore futures remained subdued on Monday as oversupply pressure continued to weigh on market sentiment. Rising global supply, together with high iron ore inventories at major Chinese ports, kept the market under…
Iron ore futures rose on Friday, supported by pre-holiday restocking by Chinese steel mills, although concerns over rising supply are expected to limit further upside. Steelmakers increased inquiries and procurement…
Chinese-origin HR steel imports into the UAE declined in 2025, with shipments totaling 2.52 mln tons, down 16.6pct YoY from 3.03 mln tons in 2024, according to customs data. The decline coincided with generally softer…
Iron ore futures inched higher on Thursday, supported by China's latest fiscal stimulus measures, although gains remained limited amid continued concerns over rising supply. Iron ore futures found some support after…
ArcelorMittal has increased its HRC offers for the EU market for April delivery to EUR 700 (USD 819) per ton delivered, up EUR 30-40 (USD 35-47) per ton from prices announced last month. The company's CRC offers were…
Stegra has signed a letter of intent with Galmed Steel under which Galmed will galvanize green steel produced at Stegra's Boden plant to serve parts of Stegra's automotive customer base. Galmed Steel, based in Sagunto…
Iron ore futures extended losses on Wednesday, marking a fifth consecutive session of declines, as rising supply and lingering demand concerns continued to weigh on market sentiment. Supply-side pressure intensified…
Xiangtan Iron and Steel has again selected Primetals Technologies to upgrade its Multi-Purpose Interrupted Cooling (MULPIC) line, aiming to improve cooling performance for new, higher-value alloys and increase…
Turkey exported around 2.65 mln tons of HRC in the first eleven months of 2025, up 27pct YoY, according to data from the Turkish Statistical Institute (TUIK). Italy was the largest destination, importing 773,400 tons…
Iron ore futures fell on Tuesday as market sentiment weakened following a fatal accident at a Chinese steel plant, raising concerns over tighter safety inspections and their potential impact on steel production. An…
Tata Steel Nederland has opened a new production line for sustainable packaging steel at its IJmuiden site, setting a fresh European benchmark in environmentally friendly food-grade steel manufacturing. The new line…
Iron ore futures fell on Monday as soft economic data and lingering weakness in China's property sector continued to weigh on market sentiment, alongside lower steel production figures for last year. Data from the…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, has decided to maintain all product prices for January sales under its latest monthly pricing policy. HRC (1.7-22 mm) remains at JPY 86,000 (USD 545)…
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