Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures fell on Monday, pressured by disappointing Chinese economic indicators that reinforced bearish demand expectations. China's property sector, once the country's largest steel consumer, remains a major…
Turkey imported 713,700 tons of CRC in the first eight months of 2025, marking a 42pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). South Korea was the largest supplier with 227,300…
Domestic steel demand is now projected to reach 24 mln tons by 2035, up from an earlier estimate of 17 mln tons, driven by renewable energy expansion, manufacturing growth, and national mega-projects, according to…
Iron ore futures edged lower on Friday, pressured by weak demand fundamentals that continue to weigh on market sentiment. Both raw material and steel futures struggled this week under multiple headwinds, including…
HBIS Tangsteel has commissioned the world's largest push-pull pickling line (PPPL) at its Laoting steel plant in Hebei province, with Primetals Technologies receiving the provisional acceptance certificate (PAC) for the…
Salzgitter Flachstahl GmbH has completed a major modernization of its seven-stand hot strip mill with SMS group, marking a key milestone in a long-standing partnership that dates back to 1963. The project, finalized in…
Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayef, inaugurated the third Saudi International Iron and Steel Conference in Riyadh, held under the patronage of the ministry and organized by the…
Iron ore futures fell again on Thursday as concerns over subdued demand continued to weigh on market sentiment. The commodity is under pressure from several headwinds, including renewed U.S.-China tensions and China's…
Taiwanese steelmaker China Steel Corporation (CSC) announced it will maintain prices across its full flat steel product range for November deliveries. The decision reflects stable global economic conditions alongside a…
Iron ore futures fell further on Wednesday, weighed down by concerns over weak demand and broader market headwinds. A key drag on sentiment is the escalating trade tension between the U.S. and China. Both countries have…
Iron ore futures retreated on Tuesday, reversing gains from the previous session when prices hit an eight-month high on supply concerns. The earlier rally was fueled by reports that China would impose new port fees on…
Turkey imported 2.56 mln tons of HRC in the first eight months of 2025, a 5pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). China was the leading supplier with 1 mln tons, followed by…
Iron ore futures gained on Monday, supported by robust Chinese steel export figures, even as concerns over soft domestic steel demand persisted. Iron ore futures opened lower in the morning session amid renewed China-US…
Iron ore futures extended gains on Friday, supported by expectations of restocking by Chinese steel mills and potential policy support from Beijing. Analysts believe these factors could provide short-term stability for…
Iron ore futures gained in post-holiday trade on Thursday, supported by restocking demand after China's National Day break. Market sources said some steel mills have resumed iron ore purchases, lending support to…
Hoa Phat Group produced 2.8 mln tons of crude steel in Q3 2025, up 14pct from Q2 and 35pct YoY. Sales of HRC, long steel, and billet reached 2.5 mln tons, down 4pct from Q2 but up 21pct YoY. Construction steel and wire…
The Competition Commission of Pakistan (CCP) has imposed financial penalties exceeding PKR 1.56 bln (USD 5.5 mln) on Aisha Steel Mills Limited (ASML) and International Steels Limited (ISL) for cartelization and…
LY Steel has successfully started up a split-type 20-high HZ mill supplied by Primetals Technologies at its facility in Loudi, Henan Province, rolling the first coil of high-quality silicon steel for new energy…
The bankrupt Liberty Ostrava steelworks has been acquired by SPV NH Ostrava, a company owned by former Deputy Prime Minister Martin Pecina, for over CZK 3 bln (USD 143.6 mln), according to local media. The plant…
Egypt's Trade Remedies Sector, part of the Ministry of Investment and Foreign Trade, has extended its antidumping investigation into imports of cold-rolled, galvanized, and pre-painted steel from Turkey and China for an…
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