Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures rebounded on Thursday, driven by hopes of seasonal steel demand, though escalating trade tensions capped gains. Market optimism was fueled by expectations of increased steel production following…
The Competition Commission of Pakistan (CCP) has issued show-cause notices to International Steel (ISL) and Aisha Steel Mills (ASML) over alleged cartelization in the flat steel market. A final decision will be made…
Iron ore futures declined on Wednesday, erasing gains from the previous session as concerns over potential steel production curbs weighed on market sentiment. Earlier in the day, iron ore prices had been rising amid…
Hyundai Steel, South Korea's second-largest steelmaker by sales, announced it will resume operations at its cold-rolled steel plant this week and restart wage negotiations with its labor union. The facility, part of the…
Iron ore futures remained largely unchanged on Tuesday as market sentiment was weighed down by uncertainty over steel demand, potential production cuts, and rising global trade tensions. Hopes for major economic…
Iron ore futures fell on Monday, giving up early gains as concerns over demand overshadowed optimism about potential stimulus measures from Beijing. The uncertainty stemmed from possible crude steel output restrictions…
Iron ore futures rose slightly on Friday, ending a nine-session losing streak, as rising steel output and improving demand provided support. However, concerns over potential steel production curbs and escalating…
Chinese silicon steel producer Fujian Kebao Metal Products, a subsidiary of Sanbao Group, has ordered a continuous tandem cold mill (CTCM) from Primetals Technologies for its Zhangzhou plant in Fujian Province. The new…
Maghreb Steel, Morocco's leading flat steel producer, reported a nearly 16pct YoY increase in revenue for 2024, driven by strong domestic sales. The company's revenue rose to MHD 5.42 bln (USD 546 mln), up from MHD 4.68…
Iron ore futures fell on Thursday due to uncertainty over demand, driven by escalating trade frictions between the U.S. and China. However, Beijing's commitment to boosting domestic consumption and firm steel demand…
China's Baoshan Iron & Steel Co., Ltd. (Baosteel) has issued the final acceptance certificate (FAC) to SMS group for the installation of a coilbox in its 1880 mm hot strip mill, marking the near-completion of the…
Hyundai Steel, South Korea's second-largest steelmaker, is accepting voluntary layoffs from technical workers as it navigates industry headwinds and uncertainties surrounding a potential second Trump presidency…
Iron ore futures remained under pressure on Wednesday, marking their eighth consecutive session of decline as escalating trade tensions between the U.S. and China, along with potential steel production curbs, weighed on…
Iron ore futures remained under pressure on Tuesday, marking their seventh consecutive session of decline. The drop was driven by ongoing U.S.-China trade tensions and steel production curbs in China. U.S. President…
India's finished steel imports from China, South Korea, and Japan reached a record high in the first 10 months of the financial year, according to provisional government data cited by Reuters. Imports from South Korea…
Salzgitter AG's subsidiary, Ilsenburger Grobblech GmbH, is contributing high-quality steel to the Rader High Bridge replacement project, a crucial infrastructure upgrade in northern Germany. Spanning 1,500 meters over…
Iron ore futures fell on Monday as steel production curbs and rising trade frictions dampened market sentiment. According to market sources, Chinese authorities have ordered steel producers in Tangshan, a major steel…
Iron ore futures fell on Friday, weighed down by concerns over U.S. tariffs and escalating trade frictions affecting Chinese steel exports. U.S. President Donald Trump announced plans to impose a new 10pct tariff on all…
Iron ore futures fell on Thursday as a deteriorating outlook for Chinese steel exports fueled demand concerns. Key markets for Chinese steel, including Vietnam and South Korea, recently announced anti-dumping measures…
Iron ore futures continued to decline on Wednesday as market sentiment was weighed down by speculation about potential steel production cuts in China. According to several Chinese steel traders, the government is…
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