Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The UK's Trade Remedies Authority (TRA) has proposed extending anti-dumping and countervailing measures on organic coated steel imports from China until May 2029. In its preliminary findings, the regulator determined…
Iron ore futures extended losses on Tuesday as market sentiment remained weak due to anti-dumping duties on Chinese steel imposed by key buyers and a recovery in iron ore supply. Concerns over steel demand resurfaced…
Gunung Raja Paksi Tbk (GRP), Indonesia's largest privately owned steelmaker, has signed a landmark deal with Primetals Technologies, becoming Asia's first steel plant outside China capable of producing zero-carbon HRC…
Turkish steel producer Tosyali Holding is reportedly interested in acquiring Liberty Dudelange, a Luxembourg-based steel producer, according to media reports. Several buyers initially expressed interest in the…
Dalian iron ore futures fell on Monday as growing protectionist measures against Chinese steel dampened market sentiment. Vietnam, the largest market for Chinese HRC, has announced temporary anti-dumping duties on HRC…
South Korea's Hyundai Steel has suspended operations at its cold-rolled steel plant in Dangjin, South Chungcheong, following a monthlong strike by workers demanding pay increases, according to local media reports. The…
Metinvest and Danieli have signed a shareholder agreement at the Italian Ministry of Enterprises and Made in Italy in Rome, formalizing their joint partnership in Metinvest Adria S.p.A. This agreement is a key step in…
Iron ore futures rose on Friday, driven by recovering steel demand and expectations of further stimulus, boosting market sentiment. Steel demand in China rebounded sharply this week, particularly for rebar, which…
Vietnam's Ministry of Industry and Trade has announced provisional anti-dumping duties of 19.83pct to 27.83pct on HRC imports from China following complaints from domestic producers. Baoshan Iron & Steel and Maanshan…
South Korea plans to impose provisional anti-dumping duties of up to 38pct on Chinese hot-rolled heavy plates starting next month. Following a Trade Commission meeting, the Ministry of Trade, Industry and Energy (MOTIE)…
Iron ore futures surged on Thursday, driven by strong steel demand and improved market sentiment. According to market insiders, domestic steel demand remains robust, particularly in the rebar segment, where trades have…
Primetals Technologies has received the final acceptance certificate (FAC) for its digital assistant systems at SSAB's Hameenlinna plant in Finland, marking the first use of its digital solutions for coil identification…
MMK Trading House has begun a major upgrade of its warehouse site in Magnitogorsk to enhance efficiency and improve customer service. The facility supports prompt deliveries from an inventory of over 10,000 steel…
Iron ore futures extended gains on Wednesday, driven by cautious optimism over improving steel demand and expectations of stimulus measures. China's iron ore imports are expected to be impacted by recent supply…
Ilsenburger Grobblech GmbH, a subsidiary of Salzgitter AG, has signed a contract with wind turbine manufacturer Siemens Gamesa to supply around 25,000 tons of heavy plate for 36 wind towers. These towers, known as…
Iron ore futures rebounded on Tuesday as improving steel demand lifted market sentiment. Industry insiders noted a pickup in downstream steel consumption this week, providing further support to iron ore prices. Adding…
Olympic Steel, Inc. has placed an order with international technology group Andritz for a state-of-the-art cut-to-length line at its facility in Minneapolis, Minnesota. This new line will enhance Olympic Steel's…
Turkey's leading steel producer, Erdemir Group, reported a net profit of TRY 14.19 bln (USD 391.6 mln) in 2024, more than tripling from TRY 4.32 bln in 2023. Sales revenue also saw strong growth, rising to TRY 204 bln…
Iron ore futures fell on Monday as supply concerns eased following the reopening of Western Australia's Port Hedland, the world's largest iron ore hub. The port resumed operations after Tropical Cyclone Zelia passed…
Taiwan's China Steel Corp (CSC) has decided to maintain domestic prices for most steel products in March, citing the need to hedge against risks following the new US tariffs. As a result, prices for commercial-grade HR…
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