Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Asian HRC prices have strengthened in recent weeks, supported by rising raw material costs in China and expectations of improving seasonal demand, although buying interest remains cautious in several markets. In China…
China's iron ore futures remained broadly stable on Tuesday as firmer raw material costs and expectations of seasonal demand were offset by cooler market sentiment. Market sentiment softened after the recent rally, with…
China's iron ore futures strengthened on Monday, supported by tighter short-term supply, improving market sentiment and expectations of stronger steel demand ahead of the September peak season. China's iron ore arrivals…
Xinyu Iron and Steel, part of Baowu Group, has commissioned a new production facility with annual capacity of 250,000 tons of non-grain-oriented (NGO) electrical steel, with key process technologies supplied by Fives. A…
ArcelorMittal Brasil has approved a BRL 4-5 bln (USD 0.7-0.9 bln) investment to install a cold rolling mill and continuous coating line at its Tubarao unit in Serra, Espirito Santo. The project will enable the company…
Salzgitter Flachstahl, a subsidiary of Salzgitter AG, has launched TektoSal 450, a new wear-resistant special steel available as strip steel for applications exposed to abrasive wear. The material combines high hardness…
China's iron ore futures edged lower on Thursday as rising coking coal and coke costs put further pressure on steel mills, while expectations of higher steel production and firmer seasonal demand provided some downside…
Pakistan's National Tariff Commission (NTC) has initiated a sunset review of existing anti-dumping duties on cold-rolled (CR) steel imports from the European Union, Vietnam, Taiwan and South Korea. The review follows an…
China's iron ore futures strengthened on Wednesday as improving expectations for steel production provided support to the market, although rising iron ore supply limited the upside. Market sentiment improved as steel…
China's iron ore futures edged lower on Tuesday as firm cost support failed to offset weaker iron ore fundamentals and cautious buying from steel mills. On the raw material side, coking coal remains firm, with tight…
India's JSW Steel has selected Austria-based Andritz to supply a continuous galvanizing line at its Toranagallu steel plant in Karnataka, strengthening its capacity to produce value-added galvanized steel for automotive…
Tata Steel's Llanwern galvanizing plant in South Wales is operating at around half capacity as increased availability of duty-free Asian steel weighs on orders and domestic competitiveness, according to The Guardian…
GCC HRC availability is tightening as shipping disruptions and elevated freight costs make Chinese material increasingly difficult to secure, while Indian mills are gaining interest among UAE buyers. MESTEEL's last week…
Iron ore futures strengthened on Monday as firmer steel and raw material prices improved market sentiment, although rising iron ore supply and weak underlying steel demand remained concerns. The market has shifted…
NS-Siam United Steel (NS-SUS) has completed commissioning and final acceptance of two new 25-ton Danieli coil-handling cranes at its Plant 3 in Rayong, Thailand, as part of a modernization programme aimed at increasing…
Pakistan's International Steels Limited (ISL) reported a sharp improvement in profitability in the nine months ended March 2026, supported by higher steel sales, improved capacity utilization and tighter cost controls…
Iron ore futures were broadly stable on Friday as near-term supply concerns provided some support, while weak steel demand and squeezed mill margins continued to limit the upside. Iron ore inventories fell recently on…
SSAB has partnered with US railcar manufacturer Greenbrier and metal recycler Alter Trading to complete a batch of 50 gondola railcars using SSAB Zero steel as part of a closed-loop recycling initiative. The railcars…
Cleveland-Cliffs will invest USD 1 bln to modernize its Middletown Works steel plant in Ohio, with the US Department of Energy (DOE) providing USD 500 mln through a rescope of its previously awarded grant. The…
Pakistan's Aisha Steel Mills returned to profitability in FY26, reporting a net profit of PKR 981.1 mln (USD 3.6 mln), compared with a net loss of PKR 1.35 bln a year earlier, supported by higher sales volumes and…
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