Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Russia's Magnitogorsk Iron and Steel Works (PJSC MMK) has begun producing corrosion-resistant steel with a zinc-aluminum-magnesium (ZAM) alloy coating, offering enhanced durability, cost-efficiency, and sustainability…
Jindal Steel Oman has signed a two-year, USD 1 bln partnership with ArcelorMittal Tubular Products Al-Jubail (AMTPJ), a leading Saudi Arabian seamless pipe producer. Under the agreement, the Omani integrated steelmaker…
Iron ore futures extended their rally on Friday, driven by solid near-term fundamentals and optimism over potential regulatory action from Beijing aimed at curbing aggressive price competition in the steel sector…
Iron ore futures climbed for a third consecutive session on Thursday, supported by growing expectations of fresh stimulus and regulatory action from Beijing aimed at curbing aggressive price competition. Investor…
ArcelorMittal Jinxi New Materials (Changzhou) Co., Ltd., a joint venture between ArcelorMittal and China Oriental Group, has awarded a contract to international technology group Andritz to supply key equipment for its…
Singapore-based Meranti Green Steel has made further progress on its green iron project in Duqm, Oman, as part of its broader strategy to establish a sustainable steel value chain across the Asia-Pacific region. In a…
Iron ore futures extended their gains on Wednesday, supported by firm short-term fundamentals, though gains were limited by mixed economic data and persistent concerns over demand. Despite a decline in overall output…
Jindal Steel Duqm, also known as Vulcan Green Steel and part of India's Jindal Steel Group, is targeting 2028 to begin operations at its upcoming 5 mln tons per annum green steel complex in the Special Economic Zone at…
Iron ore futures edged slightly higher on Tuesday, supported by firm short-term fundamentals, though gains were limited by a weakening demand outlook. Chinese steel mills continue to operate at elevated output levels…
Turkey exported approximately 1.3 mln tons of HRC between January and May 2025, a 52pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). Italy emerged as the leading importer, purchasing…
Ashry Steel Group plans to establish Egypt's first factory for manufacturing high-speed train wheels in Sadat City, aligning with the government's push to localize heavy industries and cut imports, local media reported…
Iron ore futures declined on Monday as weakening demand fundamentals weighed on market sentiment. Data from the China Iron and Steel Association (CISA) showed that average daily crude steel output among key member mills…
Vietnam's Ministry of Industry and Trade has officially imposed definitive anti-dumping duties ranging from 23.01pct to 27.83pct on HRC imports from China, exceeding the provisional rates announced earlier this year…
Malaysia's Ministry of Investment, Trade and Industry (MITI) has announced provisional anti-dumping duties ranging from 3.86pct to 57.90pct on galvanized steel imports from China, South Korea, and Vietnam. The duties…
Thyssenkrupp Steel and Primetals Technologies have successfully launched slab caster No. 4 and hot-strip mill No. 4 at the Bruckhausen site in Duisburg, Germany. The project transformed a former combined casting and…
Iron ore futures rose further on Friday, supported by firm near-term fundamentals and renewed policy backing from Beijing. Higher production by blast furnace-based steelmakers, driven by strong profit margins, continued…
Pakistani flat steel producers International Steels Limited (ISL) and Aisha Steel have announced a PKR 8,000 (USD 25) per ton reduction in cold rolled coil (CRC) and galvanized coil prices, effective July 2, 2025. This…
Iron ore futures rallied on Thursday, driven by optimism that Beijing may roll out policy measures to stabilize its industrial sector. Investors responded positively to signals from Beijing, where top officials pledged…
Iron ore futures climbed on Wednesday, supported by strong steel production, particularly from blast-furnace-based mills that are currently enjoying healthy profit margins thanks to lower raw material costs. The…
SMS group has successfully modernized the rotary mandrel in the tandem cold rolling mill at Acciaierie d'Italia (ADI) in Genoa, Italy. The mill, unique in Italy, produces around 1.5 mln tons annually of tinplate and…
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