Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The Competition Commission of Pakistan (CCP) has released its Competition Assessment Study of the Steel Sector, highlighting structural and policy challenges that undermine competitiveness in a key industrial segment…
Iron ore futures declined on Monday, pressured by weak steel demand and falling production in China. Rising inventories at major Chinese ports and cautious restocking by steel mills have further dragged down prices…
Iron ore futures fell on Friday as weak steel fundamentals and soft economic data dampened market sentiment. Iron ore futures rallied earlier in the week on optimism over easing U.S.-China trade tensions, but momentum…
Jindal (India), part of the BC Jindal Group, has added new colour coated steel capacity to better serve India's rapidly growing white goods sector. The company will supply premium coated steel through OEM partners to…
Iron ore futures edged higher on Thursday, supported by easing U.S.-China tensions, though profit-taking later trimmed early gains. The United States and China have agreed to a one-year trade truce following high-level…
Cleveland-Cliffs Inc. has successfully completed a production trial with a major automotive OEM, demonstrating that its exposed steel parts can be stamped without defects using existing aluminum-forming equipment…
Iron ore futures continued to rise on Wednesday, supported by optimism over easing trade tensions between the United States and China, the world's two largest economies. Market sentiment strengthened ahead of a planned…
International Steels Limited (ISL), Pakistan's leading flat steel producer, reported strong financial results for the first quarter of FY26, ending September 30, 2025. The company's net profit surged to PKR 620.3 mln…
Iron ore futures gained on Tuesday, supported by easing trade tensions between the U.S. and China and Beijing's new proposal to curb steel overcapacity, which lifted overall market sentiment. U.S. President Donald Trump…
Thyssenkrupp confirmed that a fire incident disrupted operations at its hot strip mill in the Bruckhausen area of its Duisburg steel site on October 24, 2025. The blaze has since been brought under control, with the…
Iron ore futures climbed on Monday as easing trade tensions between Washington and Beijing boosted market sentiment, though demand concerns continued to weigh on the outlook. Iron ore futures gained after reports…
Erdemir Group, one of Turkey's leading steel producers, reported a steep decline in profitability for the first nine months of 2025, according to its latest financial results. Net profit fell to TRY 2.51 bln (USD 60…
Iron ore futures declined on Friday as persistent demand concerns and shrinking steel mill margins weighed on market sentiment. Market participants reported reduced steel production levels as Chinese mills faced tighter…
Iron ore futures extended gains on Thursday, supported by optimism that Beijing may introduce new economic stimulus measures during an ongoing policy meeting this week. The four-day meeting of the Communist Party's…
India's Shyam Metalics and Energy Ltd (SMEL) has started operations at its greenfield cold rolling mill in Jamuria, West Bengal, marking a major milestone in the company's expansion drive. The project was developed…
Iron ore futures rose on Wednesday as markets drew optimism from key policy meetings in Beijing, though underlying demand fundamentals remained soft. China's Communist Party began a major gathering on Monday to outline…
Industeel Belgium, part of the ArcelorMittal Group, has commissioned SMS group to modernize its walking beam furnace at the Charleroi plate mill, aiming to cut fossil fuel consumption by around 25pct. Installed in 1969…
Saudi Arabia's ongoing construction boom continues to drive strong demand for steel, positioning the sector as a key beneficiary of Vision 2030's infrastructure and industrial expansion agenda. At the 3rd Saudi…
Iron ore futures inched higher on Tuesday as markets awaited potential stimulus signals from the ongoing Communist Party Central Committee session, which runs through October 23. Investors are watching closely for…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, announced that it will keep all product prices unchanged for November sales under its latest monthly pricing policy. The company's prices for HRC…
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