Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey exported 1.45 mln tons of HRC during the first seven months of 2026, down 16 pct YoY, according to Turkish Statistical Institute (TUIK) data. Italy remained the largest destination, taking 348,200 tons, followed…
China's iron ore futures moved higher on Friday, but the wider ferrous complex came under pressure as coking coal and coke prices fell sharply following renewed expectations of improved coal supply. Weak steel demand…
AM/NS India has secured Bureau of Indian Standards (BIS) licences under two new standards covering quenched and tempered (Q&T) steel and zinc-aluminium-magnesium (Zn-Al-Mg), or ZAM, coated steel, expanding domestic…
China's iron ore futures moved higher on Thursday, supported by pre-holiday restocking by steel mills, although weak mill profitability continued to limit the upside. Market insiders said mills are booking cargoes ahead…
Isdemir is supplying HRC specifically developed for electrical steel production to Erdemir Romania, strengthening the integration of OYAK Mining Metallurgy's Turkish and European operations. The coils are used at the…
China's iron ore futures edged higher on Wednesday as improving market sentiment, expectations for steel production cuts and possible policy support offset continued concerns over weak steel demand and mill…
Asian HRC prices have remained generally firm since the beginning of September, supported by higher raw material costs, firmer domestic steel prices and expectations of improving demand, although buying sentiment…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, has raised its flat steel prices by JPY 3,000 (USD 19) per ton for October sales, while keeping long steel prices unchanged. The company's HRC prices…
Flux Steel Works has unveiled plans to renovate and re-equip a former ATI steel plant in Ohio to produce grain-oriented electrical steel (GOES), the core material used in power transformers. The company acquired the…
Turkish HRC prices increased this week, as an upward trend in scrap prices and limited supply pushed local HRC producers to raise prices. Domestic HRC prices moved up to USD 625-635 per ton EXW, up USD 20-25 per ton…
China's iron ore futures edged lower on Tuesday as weak steel demand, poor mill profitability and continued concerns over production cuts kept market sentiment under pressure. Market insiders said negative sentiment…
ArcelorMittal Nippon Steel India (AM/NS India) has launched AM/NS Pelican, a premium galvanized steel brand targeting growing demand from India's construction, infrastructure, manufacturing and engineering sectors. The…
Chinese exports of hot rolled (HR) steel (HS 7208), including coils and plates, to GCC countries remained under pressure in July 2026, despite easing Chinese export prices, as prolonged logistics disruptions, high…
China's iron ore futures fell on Monday, extending their recent decline, as weak steel mill margins and subdued steel demand continued to weigh on the market. Market participants said worsening profitability is…
Tosyali Algerie has made its first export shipment of cold-rolled steel from its new cold rolling complex in Bethioua, Oran, marking the start of international sales from the facility. The company said the first export…
China's iron ore futures fell on Friday as uncertainty over a recovery in steel demand continued to weigh on market sentiment. Market insiders said Chinese steel demand remains weak, with expectations for the…
Turkey's HRC imports declined 12.8pct YoY to 1.98 mln tons during the first seven months of 2026, according to data from the Turkish Statistical Institute (TUIK). Russia remained Turkey's largest HRC supplier during…
China's iron ore futures fell on Thursday as weak steel mill margins continued to weigh on demand sentiment. Market insiders said Chinese steel mills remain cautious about iron ore restocking, with squeezed margins…
Indian steel export prices have strengthened significantly in recent weeks, amid higher raw material costs, firmer domestic steel prices and expectations of improving demand. Indian HRC export offers are currently heard…
China's iron ore futures edged lower on Wednesday as demand sentiment remained mixed, with tight steel mill margins and a lack of substantial improvement in steel demand weighing on the market. Market insiders said…
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