Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Severstal has completed the first stage of an investment project to boost finished product shipments at the Cherepovets Metallurgical Plant (CherMK), a key flat-rolled steel production facility. The plant has increased…
Egypt's steel exports fell 4pct YoY in 2024 to USD 2.3 bln, according to the Export Council for Building Materials. The decline is driven by rising trade barriers, including a 25pct U.S. tariff on steel imports and a…
Ezz Steel announced that its shares have been delisted from the Egyptian Stock Exchange (EGX) as of March 13, 2025. In response, the company has set up an over-the-counter (OTC) trading facility using the EGX's…
Iron ore futures slipped on Friday as Beijing's pledge to cut excess steel capacity and mounting trade barriers on Chinese steel products dampened market sentiment. According to Bloomberg, China's steel industry plans…
Thailand-based hot-rolled coil producer G Steel, a subsidiary of Nippon Steel Corporation, is expanding its Rayong plant by adding cold rolling capabilities. The company has partnered with Danieli to install a four-high…
Turkey's HRC imports reached approximately 425,600 tons in January 2025, marking a 2pct increase compared to the same month last year, according to the Turkish Statistical Institute (TUIK). The HRC imports into Turkey…
Iron ore futures continued to decline on Thursday amid persistent concerns over demand, though strong domestic steel consumption helped limit losses. The outlook for iron ore was further pressured by rising…
Iron ore futures continued to decline on Wednesday as concerns over steel demand persisted following weak property data and rising trade protectionism against Chinese steel products. According to China's National Bureau…
India's trade regulator has proposed a 12pct safeguard duty on flat steel products for 200 days to curb rising imports, according to a government notice. The Directorate General of Trade Remedies (DGTR), under the…
The European Commission (EC) has released its preliminary findings on the anti-dumping investigation into hot-rolled flat steel imports from Egypt, India, Japan, and Vietnam. As a result, the EC has proposed provisional…
Iron ore futures declined on Tuesday as weak property sector data cast doubt on demand recovery. However, firm steel demand and lower shipments from major iron ore miners helped limit losses. Latest property market…
Tokyo Steel, Japan's leading EAF-based steel producer, has announced price adjustments for April sales. HRC prices have been reduced by JPY 3,000 (USD 20) per ton to JPY 89,000 (USD 598) per ton, while pickled and oiled…
Kandil Steel, a leading flat steel manufacturer in the Middle East, is expanding its production capacity with significant factory upgrades. According to Egypt's State Information Service, Prime Minister Moustafa…
Iron ore futures fell on Monday as weak steel output and struggling property data in China raised concerns about demand for the key steelmaking raw material. According to China's National Bureau of Statistics (NBS)…
SMS group has successfully upgraded the automation system of Hot Strip Mill No. 1 at PT Krakatau Steel Persero (PTKS) in Cilegon, Indonesia, marking a key milestone with the production of the first sellable coil. This…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have reduced CRC and galvanized coil prices by PKR 15,000 (USD 53) per ton, effective March 11, 2025. This marks the first price…
Iron ore futures surged on Friday, driven by expectations of increased steel production and strong domestic demand. Seasonal demand continues to rise during the peak construction season in March, as reflected by…
Steel producer Dillinger, in collaboration with Saarland University, RWTH Aachen University, and industry partners, has developed new high-performance steel types as part of the HL Steel Plate research project. Funded…
ArcelorMittal has signed a contract with Primetals Technologies to upgrade the automation systems at its compact strip production plant in Sestao, Spain. The project includes a new Level 1 system, a Level 2 automation…
Pakistan's Aisha Steel Limited reported losses in the first half of fiscal year 2025, ending December 31, 2024, according to a stock exchange disclosure. The company posted a net loss of PKR 1.7 bln (USD 6 mln), a sharp…
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