Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Tata Steel Kalinganagar has produced its first batch of galvanized coils from the newly commissioned Continuous Galvanizing Line-1 (CGL-1) at its cold rolling mill complex, marking a key milestone in the company's Phase…
Iron ore futures edged lower on Wednesday as concerns over demand weighed on market sentiment. The potential for environmentally driven steel production curbs ahead of Beijing's upcoming military event has raised fears…
Egypt's Minister of Industry and Transport, Kamel Al-Wazir, met with leading steel producers to advance plans for localizing automotive steel, a key part of the country's broader strategy to deepen local manufacturing…
Iron ore futures extended gains on Tuesday, supported by firm demand and strong fundamentals in the steelmaking sector. A rise in steel production by Chinese mills, driven by healthy profit margins and falling port-side…
The European Commission has reduced the anti-dumping duty on hot-rolled flat steel imports from Egypt's Ezz Steel to 11.7pct, down from the previously imposed provisional rate of 12.8pct, according to an official…
Iron ore futures rose on Monday, buoyed by strong near-term fundamentals, though gains were capped by a weaker long-term outlook. Support came from higher steel production, particularly among blast furnace-based…
India's JSW Steel and Japan's JFE Steel will invest around USD 670 mln to significantly expand the capacity of their joint venture companies, JSW JFE Electrical Steel Private Limited (J2ES Vijayanagar) and JSW JFE…
Turkey's Trade and Economic Partnership Agreement with Qatar, signed in November 2018, will officially take effect on August 1, 2025, the Turkish Trade Ministry announced. The deal aims to boost mutual investments…
Iran's Mobarakeh Steel Company (MSC) announced that its subsidiary, Saba Steel & Rolling Mill, has successfully produced the high-strength hot-rolled automotive steel grade HAS60, equivalent to ATOS60, for the first…
Iron ore futures slipped on Friday as traders remained cautious over weak demand prospects and the absence of significant stimulus measures from Beijing. Market sentiment had already been weighed down earlier in the…
Iron ore futures fell further on Thursday as demand concerns resurfaced following weaker-than-expected factory activity in China. The country's official manufacturing PMI dropped to 49.3 in July, down 0.4 points from…
Iron ore futures slipped on Wednesday, reversing earlier gains after a key policy meeting in Beijing concluded without any major stimulus announcements to support economic growth. Chinese leaders signaled they would…
India's Steel Authority of India Limited (SAIL) has ordered Danieli's advanced Exstream II accelerated cooling system to upgrade its plate mill in Bhilai. The move aims to enhance operational efficiency, expand the…
Tosyali Algerie has secured a DZD 15 bln (USD 115 mln) bond issuance, arranged by the Banque Exterieure d'Algerie (BEA), to support the ongoing expansion of its integrated flat steel complex in Bethioua, Oran. The…
Iron ore futures edged higher on Tuesday, supported by firm short-term fundamentals. Steelmakers using blast furnaces have maintained high production levels, buoyed by healthy profit margins. Additionally, lower…
India's finished steel imports fell sharply in the first quarter of the financial year (April-June), declining nearly 29pct YoY to 1.4 mln tons, according to provisional government data cited by Reuters. The steep drop…
Coking coal futures slumped on Monday after the Dalian Commodity Exchange (DCE) announced new trading restrictions aimed at curbing speculative activity, prompting investors to take profits. Effective from the night…
Iron ore futures fell on Friday as rising supply stoked concerns among traders, although the near-term outlook remains firm due to resilient steel production. Exports from Australia's Port Hedland rose to 49.1 mln tons…
SSAB and EMW Steel Service Centre have entered a long-term partnership for the supply of fossil-free steel, supporting EMW's goal to further reduce its carbon footprint. Low-emission steel is already central to EMW's…
Iron ore futures extended their decline on Thursday, pressured by rising supply from major producers. In contrast, coking coal prices continued to climb amid persistent supply concerns. Brazil's Vale reported a 3.7pct…
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