Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Vietnamese steelmaker Formosa Ha Tinh Steel has increased its domestic HRC prices for October-November delivery, with SAE1006 and SS400 grades now offered at around USD 540-550 per ton CIF Vietnam, depending on order…
South Korean steelmaker POSCO plans to invest around USD 359 mln to build a new automotive steel plant at its integrated steelworks in Gwangyang, as it expands its high-end steel product business. The facility is…
The London Metal Exchange (LME) will launch its new Steel HRC Shanghai futures contract on October 27, 2026, providing international market participants with an additional route to access the Shanghai Futures Exchange…
The European Union's Court of Justice has dismissed appeals by Turkish steel producers Colakoglu Metalurji and Erdemir challenging the EU's definitive anti-dumping measures on certain hot-rolled (HR) flat steel products…
China's iron ore futures rose on Tuesday, extending the previous day's gains, as expectations of pre-holiday restocking and firmer sentiment across the steel market continued to support prices. Analysts said steel mills…
Shyam Metalics and Energy reported strong YoY sales growth across most key product segments in August 2026, led by a more than doubling of carbon steel flat product sales. Carbon steel flat sales increased 114.14pct YoY…
Mexico's Ministry of Economy has concluded its antidumping investigation into hot-rolled (HR) steel imports from China and Vietnam, imposing definitive compensatory duties on the affected products. The investigation…
Lebanon's steel imports declined by around 8pct YoY to 432,800 tons in Jan-Jul 2026, from 470,600 tons in the corresponding period of 2025, according to Lebanese Customs data. Rebar under HS code 7214 remained by far…
China's iron ore futures rose on Monday, supported by expectations of increased steel mill restocking ahead of China's October National Day holiday, although concerns over steel demand remain. Market insiders said…
Hyundai Steel, POSCO, Hyundai Motor Company and Kia Corporation have held a groundbreaking ceremony for a USD 5.8 bln electric arc furnace (EAF)-based integrated steel mill in Louisiana, marking Hyundai Steel's first…
China's iron ore futures rose on Friday, supported by near-term supply-side factors, although cautious steel demand continued to limit the upside. A weekly decline in iron ore port inventories provided support to…
Vietnam's leading steelmaker Hoa Phat Group has raised its domestic HRC prices for October delivery, following three consecutive months of reductions, as seasonal demand is expected to improve and import prices have…
Formosa Ha Tinh Steel has temporarily shut down blast furnace No. 1 for inspection and repairs following a fire caused by a technical malfunction at hot air furnace No. 3, according to the Ha Tinh Provincial Economic…
Germany's Salzgitter Mannesmann Grobblech has commissioned a new hot straightening machine at its Mulheim an der Ruhr plant, expanding its heavy plate processing capabilities and targeting new applications in the energy…
Moroccan steel producer Maghreb Steel recorded higher sales volumes and revenue in the second quarter of 2026, supported mainly by improved sales in the local market. The company's sales volume increased by 7pct YoY to…
China's iron ore futures rebounded on Thursday, supported by renewed restocking interest from steel mills, although cautious steel demand continued to limit the upside. Market sentiment remained mixed, with Chinese…
South Africa's International Trade Administration Commission (ITAC) has made a preliminary determination that imports of colour-coated steel from China are being dumped into the Southern African Customs Union (SACU)…
Mexico's Ministry of Economy has initiated an antidumping investigation into imports of carbon steel plate from Japan following an application from Mexican producer Grupo Acerero, according to a notice published in the…
GCC flat steel buyers continue to face uncertainty over imported supply as vessel availability, freight costs and disruptions around key shipping routes complicate procurement. The situation is forcing buyers and…
China's iron ore futures dropped on Wednesday as concerns over steel demand limited buying interest. Market sentiment has cooled following the recent rally, with traders increasingly focused on the gap between…
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