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Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.

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1,356 news items in Flat. Show all

Tokyo Steel launches green steel brand

Japan Japan

Tokyo Steel Japan introduces Enso, its new green steel brand symbolizing the circular economy. Developed in partnership with global steel trading firm Stemcor, the Enso logo transitions from charcoal to green…

Iron ore futures extend losses on demand concerns

China China

Iron ore futures continue to slide as the government's move to limit steel output raises demand concerns. According to reports, major steel mills have been directed to restrict their output, curbing any potential…

Marcegaglia to revamp Palini & Bertoli plate mill

Italy Italy

Danieli has been chosen by Marcegaglia Steel to undertake a new upgrading project at the Palini & Bertoli plate mill plant in San Giorgio di Nogaro, Italy. The primary objective of this modernization project is to…

Iron ore futures dip on uncertain demand outlook

China China

China's iron ore futures recorded a decline on Thursday due to concerns over demand. This was primarily triggered by environmental output restrictions and reports indicating that major steel mills were instructed to…

CR steel imports see significant increase in May

Turkey Turkey

Data from the Turkish Statistical Institute (TUIK) indicates a noteworthy surge in Turkey's cold-rolled (CR) steel imports during May. The country imported a total of 91,303 tons of CR steel (coils/sheets) during the…

Iron ore futures extend gains on stimulus hopes

China China

China's iron ore futures continued their upward trajectory on Wednesday, driven by expectations of economic stimulus measures from the Chinese government. In response to signs of a cyclical slowdown, the ruling…

Steel exports rise 11 pct in Q1 FY24 YoY

Iran Iran

Iranian steelmakers experienced substantial growth in exports during the first quarter of the current fiscal year 2024 (March 21 - June 21). According to the latest data released by the Iranian Steel Producers…

MMK Metalurji’s steel production plunges in H1

Turkey Turkey

Turkish steel producer MMK Metalurji faced a significant slump in steel output in the first half of 2023 due to the closure of one of its plants following an earthquake in Southern Turkey and weak demand. Part of…

Iron ore futures rise on stimulus hopes

China China

Iron ore futures posted gains on Thursday amid expectations of further stimulus measures by the Chinese government to bolster the struggling economy. Deputy head of the state economic planner, Li Chunlin, announced that…

Coking coal futures surge on supply concerns

China China

Dalian coking coal futures increased sharply on Wednesday following the disclosure of fatal accidents at coal mines in Shanxi and Liaoning provinces. These incidents have sparked concerns over the potential impact on…

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