Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The U.S. Department of Commerce has issued its final determinations in antidumping and countervailing duty investigations on corrosion-resistant steel (CORE) imports from the UAE, Turkey, and eight other countries. For…
Iron ore futures extended losses on Wednesday as the market grappled with oversupply worries and weakening steel demand in China. Blast furnace mills have kept production strong in recent weeks, supported by healthy…
Iron ore futures fell on Tuesday as persistent demand concerns weighed on sentiment. Weak seasonal demand, due to heavy rains and hot weather, pushed up finished steel inventories at major warehouses, raising fears of…
China has sharply increased semi-finished steel exports this year, with shipments soaring 320pct YoY to 7.4 mln tons in the first seven months of 2025, according to Chinese customs data cited by Bloomberg. July alone…
Iron ore futures jumped on Monday after Rio Tinto suspended work at its Simandou project in Guinea following a fatal incident involving a contractor employee, raising concerns of delays to the mine's production start…
Baosteel has completed a major gearbox overhaul on its 2050-millimeter hot strip mill in Shanghai with support from SMS group, marking a key milestone in its 2025 maintenance program. The work, carried out during the…
Iron ore futures retreated on Friday as concerns over weakening steel demand weighed on sentiment. Despite strong margins keeping Chinese steel mills running at high output levels, demand has softened in recent weeks…
Chinese steelmaker Shandong Zhongxin has placed an order with Primetals Technologies for a coupled pickling line and tandem cold mill (PLTCM) at its Lin Yi plant in Shandong province. The new line, scheduled to start up…
ArcelorMittal Calvert has awarded SMS group a contract to modernize its 2,050 mm hot strip mill (HSM) in Calvert, Alabama, originally supplied by SMS in 2010. The upgrade aims to enable production of advanced steel…
Iron ore futures recovered on Thursday as concerns over steel production curbs eased, though demand worries lingered. Chinese authorities have instructed several mills in Tangshan to cut sintering output between August…
South Africa's International Trade Administration Commission (ITAC) has proposed new import duties of up to 30pct on steel products in a bid to protect the domestic sector from rising import pressure. The proposal…
International Steels Limited (ISL), Pakistan's leading flat steel producer, reported a significant drop in earnings for the financial year ended June 30, 2025. The company's post-tax profit declined 57.3pct YoY to PKR…
Iron ore futures slipped on Wednesday as steel production curbs and soft demand weighed on sentiment. Authorities have ordered several mills in Tangshan to cut sintering output between August 25 and September 3, 2025…
Iron ore futures fell on Tuesday as demand outlook weakened amid potential production curbs and slowing steel consumption. Market sources said several steel mills in Tangshan have been instructed by authorities to cut…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, said it will keep product prices unchanged for September, marking the fourth straight month of no adjustments. HRC remains at JPY 89,000 (USD 603) per…
Turkey imported 495,600 tons of CRC in the first half of 2025, up 33pct YoY, according to Turkish Statistical Institute (TUIK) data. South Korea was the largest supplier with 159,600 tons, followed by Russia at 137,000…
UAE-based Rhino Steel has produced the first aluzinc coils at its new coating line in Umm Al Quwain Industrial City. In 2023, Rhino Steel, along with three other steelmakers, announced plans to transform 1.4 mln square…
Iron ore futures fell on Monday as expectations of steel production curbs and weak demand weighed on sentiment. Iron ore futures risen earlier in the session, supported by strong Chinese steel output and healthy mill…
India's Directorate General of Trade Remedies (DGTR) has recommended a three-year safeguard duty on imports of certain non-alloy and alloy flat steel products to protect domestic producers from a surge in low-priced…
Japan's steel associations have called on the government to introduce import trade measures to protect domestic producers from a surge in steel exports driven by China's excess production capacity, the Japan Iron &…
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