Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Tata Steel has successfully commissioned India's largest blast furnace at its Kalinganagar facility in Odisha, according to a stock exchange filing. The phase II expansion, with a total investment of INR 27,000 crore…
JFE Steel Corporation announced that its JGreeX green steel will be used in surface mounters produced by Yamaha Motor Co., Ltd., known for manufacturing motorcycles and other products. Certain exterior parts of the…
Steelmakers in the Middle East and North Africa (MENA) are poised to lead the global shift to green iron and steel production, according to the Institute of Energy Economics and Financial Analysis (IEEFA). Advances in…
Iron ore futures gained on Thursday, driven by stimulus hopes despite ongoing demand concerns. The optimism was fueled by the US central bank's decision to cut interest rates for the first time in over four years…
Jindal India Limited, a major player in India's downstream steel industry, has announced plans for a capital expenditure of INR 1,500 crore (USD 179 mln) to significantly boost its production capacity. The expansion…
Tokyo Steel, a leading EAF-based steel producer in Japan, has reduced steel prices for October after maintaining stable prices for the past seven months. HRC (1.7-22 mm) prices were lowered by JPY 12,000 (USD 85) to JPY…
Iron ore futures plunged on Wednesday following the post-holiday resumption of trading, driven by cautious market sentiment surrounding demand prospects. Chinese commodity markets were closed earlier in the week due to…
ArcelorMittal Nippon Steel India (AM/NS India) has invested nearly INR 1,000 crore (USD 119 mln) in its Gujarat plant to establish a production line for Magnelis, a patented flat carbon steel with a…
Ezz Steel, Egypt's leading steel producer, reported a profit in the first half of 2024, according to its financial statement. The company achieved a profit of EGP 2.27 bln (USD 46.9 mln), reversing a loss of EGP 810 mln…
Turkey's CRC imports totaled 423,000 tons in the first seven months of this year, a 16pct decrease compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). In Jan-Jul 2024…
Turkey's HRC exports reached 1.4 mln tons in the first seven months of this year, marking a significant 145pct increase compared to the same period last year, according to data from the Turkish Statistical Institute…
Iron ore futures declined on Friday but recorded weekly gains as mills increased production to capitalize on improved steel demand. The reduction in steel inventories at major Chinese warehouses, signaling stronger…
Iron ore futures rose on Thursday, driven by pre-holiday restocking activity, which lifted market sentiment. Steel inventories at major Chinese warehouses continued to decline ahead of the Mid-Autumn Festival holidays…
ArcelorMittal has successfully produced its first coil after upgrading the automation system at its hot-rolling mill in Eisenhuttenstadt, Germany. This facility is now fully equipped with Primetals Technologies' latest…
Iron ore futures rose on Wednesday, supported by improving steel demand, which boosted market sentiment. Major steel producers, Baosteel and Shagang, kept domestic prices for long and flat steel products unchanged, a…
Iron ore futures dipped slightly on Tuesday after giving up earlier gains, as the market remained cautious about steel demand recovery. Typically, the peak steel consumption months of September and October support…
United States Steel Corporation (U.S. Steel) has introduced ZMAG coated steel, a new carbon flat-rolled product designed to offer enhanced strength, resilience, and sustainability. ZMAG steel is engineered to perform in…
Iron ore futures rose on Monday, driven by improved steel demand and renewed hopes for stimulus following China's tepid economic data, despite long-term concerns over demand for key steelmaking raw materials. Steel…
Dalian iron ore futures remained largely unchanged on Friday as concerns over demand continued to weigh on market sentiment. Weak economic growth and ongoing troubles in the property sector have led to cautiousness…
Steel Dynamics, Inc. has petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to impose antidumping duties on imports of corrosion-resistant flat-rolled steel (CORE) from…
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