Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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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…
BlueScope's net profit for the six months ending December 31, 2024, saw a sharp decline, according to its financial results. The company reported a net profit after tax of AUD 179.1 mln (USD 113.7 mln) for H1 FY25, down…
Dalian iron ore futures continued to decline on Friday as weak steel demand and escalating trade tensions weighed on market sentiment. Steel consumption in China remained sluggish after the Lunar New Year holidays…
Meriaura Energy Oy's solar thermal system is providing low-carbon heat to households in Bad Rappenau, Germany, using custom SSAB cold-formed open sections, SSAB announced in a press release. Covering 29,000 square…
Turkey's HRC imports reached approximately 3.6 mln tons in 2024, down 12.5pct from the previous year, according to the Turkish Statistical Institute (TUIK). China remained Turkey's top HRC supplier, delivering about…
Iron ore futures fell on Wednesday as escalating trade tensions and concerns over excess steel supply weighed on market sentiment, despite supply disruptions in Australia. The White House announced that President Donald…
Iron ore futures recovered on Wednesday as supply concerns resurfaced, lifting commodity markets after a sharp decline triggered by former U.S. President Donald Trump's announcement of tariffs on steel and aluminum…
SMS group has supplied a high-capacity hot strip mill (HSM) to Jindal Steel's Angul site in Odisha, India. Designed for an annual capacity of five mln tons, the 1,780 mm mill features advanced rolling technologies for…
Iron ore futures reversed earlier gains and declined on Tuesday as demand concerns grew following new steel tariffs announced by U.S. President Trump. Futures had risen in the morning session due to supply disruptions…
Iron ore futures rose on Monday as improving market fundamentals boosted sentiment, despite renewed tariff threats from U.S. President Trump. Trump announced plans to impose new 25pct tariffs on all steel and aluminum…
Iron ore futures extended gains on Friday, driven by improved market fundamentals and positive sentiment. Steel production increased this week following the Chinese New Year holidays, with several blast furnaces ramping…
Chinese steelmaker Yukun Iron and Steel Group has successfully produced 145-mm-thick slabs at its new Danieli QSP-DUE plant in Yuxi, Yunnan province, setting a record for direct casting and rolling facilities. This…
Malaysia has launched an anti-dumping investigation into galvanized steel imports from China, South Korea, and Vietnam. The probe follows a petition filed on January 7 by CSC Steel Sdn Bhd with the Ministry of…
ArcelorMittal has announced plans to build an advanced non-grain-oriented electrical steel (NOES) manufacturing facility in Alabama. The plant, fully owned by ArcelorMittal, will have an annual production capacity of up…
Iron ore futures rose on Thursday, driven by concerns over supply disruptions in Australia. Rio Tinto, a major iron ore supplier, announced that it had begun clearing vessels from two Western Australian ports as it…
Iron ore futures declined in post-holiday trading on Wednesday, as the market opened cautiously, assessing trade tensions between the U.S. and China and the near-term outlook for steel demand. The latest round of…
Fujian Kebao Metal Products Co., Ltd., a subsidiary of Fujian Sanbao Group, has awarded SMS contracts for two tinplate continuous annealing lines (TIN CALs). This move supports Sanbao Group's expansion into the…
Pakistan's Federal Board of Revenue (FBR) has extended the regulatory duty on certain flat steel imports until March 31, 2025, to support the local steel industry. The decision follows recommendations from the Tariff…
JSW Steel Dolvi has commissioned SMS to supply a 350-ton BOF converter, along with a twin ladle furnace, gas cleaning plant, and automation systems (Level 1 and Level 2). This project is part of JSW Steel's strategic…
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