Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Steel prices in 2025 could rise significantly if the proposed safeguard duty on imports is imposed by the end of next month, according to Crisil. Domestic prices are currently under pressure due to global price…
Dalian iron ore futures fell for the fourth consecutive session on Wednesday, as the latest stimulus measures from Beijing failed to boost market sentiment. According to a Reuters report, an official policy document…
NMDC Steel (NSL), an Indian steel producer with a capacity of 3 mln tons per annum, has become the first in the country to receive the Bureau of Indian Standards (BIS) certification for hot rolled steel strip, sheet…
Iron ore futures continued their downward trend on Tuesday, weighed down by persistent concerns over demand. The market faced headwinds from higher port-side inventories and weak steel demand. Additionally, the absence…
Iron ore futures fell on Monday, weighed down by weak fundamentals that continued to dampen market sentiment. The declining steel output due to weak demand and higher port-side iron ore inventories have kept the demand…
ArcelorMittal South Africa Ltd. (ArcelorMittal SA) will shut down its long-steel products business after months of consultations with the government failed to prevent job losses. In October 2024, the company warned…
Iron ore futures fell on Friday as reduced steel production and sluggish steel demand dampened market sentiment. Higher port-side iron ore inventories and persistent challenges in the property sector, a key steel…
Morocco's leading flat steel producer, Maghreb Steel, reported a 10pct YoY increase in revenue for the first three quarters of 2024, driven by strong domestic sales. The company's sales revenue rose to MAD 3.854 bln…
Iron ore futures gained ground on Thursday in post-New Year holiday trading, buoyed by expectations of steady near-term demand. Chinese steel mills are likely to accelerate restocking their iron ore inventories ahead of…
Iron ore futures surged on Tuesday, buoyed by improved market sentiment, yet they recorded a significant yearly decline attributed to ongoing economic challenges and weak market fundamentals. Optimism followed Chinese…
In November, Vietnam's HRC exports continued to struggle, forcing companies to shift focus to the domestic market to boost consumption. According to the Vietnam Steel Association (VSA), HRC exports declined by over…
Iron ore futures recorded gains on Monday, but the demand outlook remains uncertain due to weakening steel demand. Steel consumption typically slows during the winter months as downstream activities, particularly…
Metinvest Group's steelmaking facilities in Ukraine introduced 20 new products in 2024, including six developed in collaboration with the Zaporizhstal joint venture. The majority of these products were in the long…
Iron ore futures declined on Friday as a weak demand outlook weighed on market sentiment. Maintenance shutdowns at several blast-furnace-based steel mills are expected to further reduce steel production, dampening iron…
Iron ore futures were almost steady on Thursday, as weak steel demand balanced restocking activity by Chinese steel mills. Seasonal slowing in steel demand during winter dampened market sentiment. High port inventories…
Turkey's Ministry of Commerce has initiated an antidumping investigation into imports of cold-rolled, galvanized, and painted coils from China and South Korea, according to an announcement published in the Turkish…
Iron ore futures closed unchanged on Wednesday as the market remained cautious about demand prospects during a subdued trading session affected by the Christmas holiday. Earlier this week, iron ore prices found support…
Malaysia's Ministry of Investment, Trade, and Industry (MITI) has launched an administrative review of anti-dumping duties on imports of cold-rolled coils (CRC) of iron or non-alloy steel exceeding 1,300mm in width…
VIS Credit Rating Company Limited has reaffirmed the entity ratings of Aisha Steel Mills Limited (ASML) at 'BBB+/A2' (Triple B Plus/A Two). The long-term rating of 'BBB+' reflects adequate credit quality with reasonable…
Iron ore futures rose on Tuesday, supported by pre-holiday restocking by Chinese steel mills ahead of the Chinese New Year holiday, which begins on January 28. Further support came from a decline in weekly iron ore…
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