Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Lower electricity supplies to Iranian steel producers caused a significant drop in output during the first half of the calendar year, which began in late March, according to the Iranian Steel Producers Association…
Iron ore futures rose on Monday, supported by Beijing's latest interest rate cut despite ongoing concerns about softening steel demand. China reduced its benchmark lending rates after the central bank lowered interest…
Dalian iron ore futures fell on Friday, as weaker-than-expected economic data and reduced steel production dampened market sentiment. China's economy grew by 4.6pct YoY in Q3, according to official data, but this was…
Phu My Flat Steel (PFS), part of Viet Nam Steel Corporation, contracted Danieli Service Vietnam to refurbish the gearbox of its cold rolling mill after a spindle failure affected the gearbox geometry. The refurbishment…
Steelmaking raw materials and steel futures tumbled on Thursday after the latest stimulus measures targeting China's struggling property sector failed to meet market expectations. Beijing announced plans to nearly…
Nucor Steel in Alabama has contracted SMS group to modernize and expand its Steckel mill at the Tuscaloosa site. The project's centerpiece involves transforming the existing mill into an advanced tandem Steckel mill…
Morocco's Ministry of Industry and Commerce has officially launched an anti-dumping investigation into imports of CR steel originating from Egypt, as announced in a public notice. The probe follows a complaint filed by…
Iron ore futures declined on Wednesday as the market grew cautious due to rising iron ore supplies from major miners and uncertainty in demand. Both Rio Tinto and Vale reported higher production and shipments in Q3, and…
Taiwan's China Steel Corp (CSC) will raise domestic steel prices for November, citing improved market sentiment driven by China's recent policy measures. Prices for commercial-grade HR plates and coils will increase by…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have raised prices for CRC and galvanized coil products by PKR 10,000 (USD 36) per ton in the domestic market, compared to their…
India's Jindal Steel Group is set to acquire Vitkovice Steel, a leading steel plate producer in the Czech Republic, in a move that will positively impact the Vulcan Green Steel project currently under construction in…
Dalian iron ore futures slipped on Tuesday as concerns grew over weaker demand prospects and rising shipments from major iron ore miners. The World Steel Association forecasts a 0.9pct decline in global steel demand to…
Vietnam imported 1.2 mln tons of HRC in September, marking a 34pct increase from August, according to the General Department of Customs. This amount represents 220pct of the country's domestic production, which was…
In August 2024, Turkey's HR steel exports reached approximately 229,000 tons, marking a significant YoY increase of 90pct, although this represents a 32pct decline from the previous month, according to data from the…
Iron ore futures rose on Monday, driven by renewed expectations of additional fiscal stimulus from Beijing, following weak economic data that lifted market sentiment. Data from China's National Bureau of Statistics…
Turkey's Ministry of Commerce has imposed definitive anti-dumping duties on HRC imports, both alloyed and non-alloyed, from China, India, Japan, and Russia, according to an official gazette notification. The…
Iron ore futures recovered on Friday as markets anticipated further fiscal stimulus announcements by Beijing ahead of a key press conference. China's Finance Minister is set to outline plans to intensify fiscal stimulus…
ArcelorMittal has entered into a definitive equity purchase agreement with Nippon Steel Corporation (NSC) to acquire NSC's 50pct stake in the AM/NS Calvert joint venture. This move responds to regulatory concerns linked…
Iron ore futures continued their decline on Thursday, despite gains earlier in the session, as uncertainty surrounding Beijing's stimulus measures weighed on the market. Futures initially rose after reports that China's…
Turkey's HRC imports approximately 2.44 mln tons in the first eight months of this year, a decline of nearly 20pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). China was…
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