Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures slipped on Friday as cautious demand outlook weighed on market sentiment. Earlier in the week, commodity markets had rallied, supported by easing tensions between Beijing and Washington. A decline in…
Knauf Interfer has acquired a majority stake in the H. D. Lenzen Group, based in Hagen, boosting its steel division by expanding into strip finishing. The acquisition was completed via a share deal by Knauf Interfer…
Iron ore futures posted gains on Thursday, supported by a positive near-term demand outlook following a major easing in trade tensions between the United States and China. However, lingering concerns over long-term…
Iron ore futures jumped on Wednesday, driven by positive market sentiment following a significant easing of trade tensions between the United States and China earlier this week. Beijing and Washington announced major…
Britain's Trade Remedies Authority (TRA) has recommended imposing country-specific caps on certain steel imports to safeguard the domestic steel industry. The proposed caps would take effect from 1 October 2025, giving…
Egypt is considering imposing anti-dumping duties on hot-rolled steel imports amid rising pressure on local producers, who are struggling to compete with cheaper, lower-quality foreign steel. The move follows a decline…
Iron ore futures continued their upward momentum on Tuesday, supported by improving trade relations between Beijing and Washington. Market sentiment was lifted after US and Chinese officials announced plans to reduce…
Turkey's leading steel producer, Erdemir Group, reported a significant drop in net profit for the first quarter of 2025, according to its latest financial results. In Q1 2025, the company posted a net profit of TRY…
Tosyali Holding has signed a contract with Italian equipment manufacturer Salico for the supply of two advanced finishing lines for its greenfield cold rolling complex in Oran, Algeria. The order includes a trapezoidal…
Iron ore futures surged on Monday, driven by improved market sentiment following a reduction in trade tensions between China and the United States. The two countries announced an agreement to roll back tariffs on each…
Japan's Nippon Steel Corporation and Nakayama Steel have signed a basic agreement to establish a joint venture and form a business alliance. Under the agreement, both companies will jointly invest in the new venture…
Tata Steel Nederland successfully implemented PSImetals at its cold rolling mill on March 13, marking the first of three planned go-lives at its Smart Steel Factory in 2025. The rollout includes PSImetals Planning…
Iron ore futures declined on Friday as a cautious demand outlook continued to dampen market sentiment. Slowing steel output growth, subdued post-holiday steel demand impacting mill profitability, and a bleak forecast…
Iron ore futures declined on Thursday as concerns over potential output curbs and softening steel demand weighed on market sentiment. The China Iron and Steel Association (CISA) confirmed that Beijing is actively…
Iron ore futures rose on Wednesday, supported by fresh stimulus measures from Beijing, though concerns over long-term demand continue to persist. Chinese authorities announced a series of economic support steps…
Shagang, one of China's largest private steelmakers, has ordered a second DMS 20Hi EcoMill cold rolling mill to support its production of non-grain-oriented (NGO) electrical steel. The repeat investment reflects the…
Iron ore futures held steady on Tuesday, as cautious sentiment lingered in post-holiday trading. Market participants remained wary amid ongoing concerns about the global economic outlook. Last week, China's Ministry of…
Hydnum Steel and Kingspan Group have announced a partnership to advance green steel use in the construction sector, aiming to reduce emissions and promote sustainable building materials. Hydnum Steel, headquartered in…
United States Steel Corporation (U.S. Steel) reported a net loss of USD 116 mln in the first quarter of 2025, compared to net earnings of USD 171 mln in the same period last year, according to its latest financial…
The Egyptian Ministry of Investment and Foreign Trade has launched a safeguard investigation into imports of hot-rolled steel products, according to a notification from the World Trade Organization (WTO). The…
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