Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Dalian iron ore futures extended their decline on Thursday, falling for the fifth consecutive session, as the outlook for iron ore demand remains weak despite a modest recovery in steel demand. The improvement in steel…
Pakistan's National Tariff Commission (NTC) has launched an investigation into the alleged circumvention of antidumping duties on Chinese galvanized coils and sheets imports. The investigation was launched following an…
Iron ore futures extended their losses for a fourth consecutive session on Wednesday, as market sentiment remained pessimistic. The bearish outlook was driven by higher port-side iron ore inventories and weak steel mill…
Hydnum Steel, Spain's first green steel plant, has signed a Memorandum of Understanding (MoU) with Euroports, a leading European port and logistics operator, to develop integrated logistics solutions for optimizing the…
Iron ore futures tumbled on Tuesday, pressured by a bearish demand outlook driven by a contraction in manufacturing. The official manufacturing PMI fell to a six-month low of 49.1, according to the National Bureau of…
Morocco's leading flat steel producer, Maghreb Steel, reported a 5pct YoY revenue growth in H1 2024, driven by increased domestic and export sales. The company's sales revenue reached MHD 2.55 bln (USD 260 mln) in the…
Iron ore futures plunged on Monday, weighed down by weak official PMI data. The manufacturing PMI dropped to a six-month low of 49.1, according to the National Bureau of Statistics, intensifying pressure on Beijing to…
Iron ore futures declined on Friday as market remained cautious due to ongoing demand concerns. Iron ore inventories at major Chinese ports rose on a weekly basis, while weak profitability at steel mills kept the…
Mexican steel producer Talleres y Aceros S.A. de C.V. (TYASA) plans to expand into automotive-grade steel to meet rising demand from the growing automotive industry in Mexico. To support this, TYASA has enlisted…
Tata Steel UK's Llanwern steelworks has set a new weekly output record of 14,077 tons, surpassing the previous record by 242 tons, following the introduction of a new technology system on its Zodiac galvanizing line…
Iron ore futures rose on Thursday, driven by expectations of improving demand in the near future, though concerns about long-term demand persist. The reduction in finished steel inventory at major Chinese warehouses…
Nippon Steel Corporation announced additional investments in Mon Valley Works and Gary Works as part of its pending acquisition of United States Steel Corporation (U.S. Steel). These investments are in addition to the…
Iron ore futures ended flat on Wednesday after an initial pullback, as the market remained cautious about demand outlook. Expectations of improved demand during the peak consumption season encouraged steel mills to…
Iron ore futures continued to rise on Tuesday, driven by restocking demand and optimism over near-term steel demand. Expectations of improved steel consumption have prompted steelmakers to replenish iron ore stocks…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have announced new prices for CR and galvanized coil products in the domestic market. ISL's CRC (1mm) is priced at PKR 211,500 (USD…
Iron ore futures surged on Monday, buoyed by optimism that steel demand may increase in the near future. Market sentiment improved as traders anticipated that recent property-support measures and better weather…
Turkey's Cinar Boru announced that its subsidiary, Cinar Celik, has launched a new pickling line in Eregli, according to local media reports. The company invested over USD 20 mln in the new line, which has an annual…
Iron ore futures fell on Friday as weak fundamentals weighed on market sentiment. Chinese steel mills faced pressure from weak margins, leading to output cuts that further darkened the demand outlook for iron ore…
The Supervisory Board and Executive Board of Salzgitter AG have approved the construction of a new hot straightening machine at the Salzgitter Mannesmann Grobblech GmbH plant in Mulheim an der Ruhr, marking one of the…
Thyssenkrupp Materials Processing Europe, a leading steel and aluminum service center, is expanding its capacities with a low double-digit mln euro investment. At its Stuttgart site, the company plans to install two new…
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