Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures gained on Monday, reversing earlier losses as supply concerns in Australia offset the weak outlook for steel demand and Chinese mill profitability. Iron ore prices found support after workers at BHP's…
Taiwan's China Steel Corporation (CSC) has reduced domestic prices for selected flat steel products by TWD 800 (USD 25) per ton for August 2026 deliveries, reflecting weak regional market conditions and sluggish…
Turkey's HRC imports declined 9.5pct YoY to 1.43 mln tons during the first five months of 2026, according to data from the Turkish Statistical Institute (TUIK). Russia remained Turkey's largest HRC supplier during the…
Iron ore futures fell on Friday as the demand outlook remained weak, with seasonal slowdown in steel consumption continuing to pressure Chinese steel mills' margins. Market insiders said sluggish steel demand and rising…
Iron ore futures rose slightly on Friday, supported by expectations of tighter near-term supply, although weak steel demand and declining hot metal output continued to limit further gains. Markets continued to balance…
Vietnam's leading steelmaker Hoa Phat Group produced more than 3.6 mln tons of crude steel in the second quarter of 2026, up 48pct YoY and 9pct from the previous quarter, driven by higher output across its integrated…
Iron ore futures edged higher on Thursday, supported by concerns over a potential supply disruption at BHP's Port Hedland operations in Western Australia, although weakening steel demand continued to limit price gains…
The European Commission (EC) has initiated an expiry (sunset) review of the anti-dumping duties on imports of certain hot rolled flat products of iron, non-alloy or other alloy steel originating from Turkey, following a…
Iron ore futures rose on Wednesday, supported by concerns over a potential supply disruption at Port Hedland, the world's largest iron ore export terminal, although the medium-term outlook remained weak due to soft…
Vietnamese steelmaker Formosa Ha Tinh Steel has reduced domestic HRC prices for August-September deliveries by around USD 40 per ton, following a similar move by Hoa Phat amid weak market demand. The producer is now…
Iron ore futures declined on Tuesday as weak steel market fundamentals continued to weigh on sentiment, with the outlook for demand remaining uncertain. Market sources said the seasonal slowdown in steel consumption has…
UAE's CIM Steel Industry LLC has entered into a strategic partnership with the National Bank of Umm Al Quwain (NBQ) to support its manufacturing operations and strengthen its contribution to the UAE's industrial sector…
Iron ore futures edged higher on Monday as relatively high Chinese steel production continued to provide near-term support. However, gains remained limited as high portside inventories, shrinking steel mill margins and…
Iron ore futures declined on Friday as the market shifted its focus back to weak fundamentals after a brief recovery in the previous session driven by reports that China's state-owned iron ore buyer had restricted…
Vietnamese steelmaker Hoa Phat has reduced domestic HRC prices for August deliveries amid weak market demand and seasonal pressure. The producer lowered prices by around USD 34 per ton compared with the previous month's…
Severstal has successfully completed hot commissioning of the upgraded Slitting Line No. 10 (APR-10) at its Cherepovets Iron and Steel Works (CherMK), aiming to increase productivity, improve product quality and reduce…
The European Union's revised steel safeguard quota system introduces significant changes to country-specific quota allocations for Middle East and North African (MENA) steel exporters, reducing quotas for some suppliers…
Iron ore futures rose on Thursday after reports that China Mineral Resources Group (CMRG) had instructed some steel mills to stop purchasing certain low-grade Fortescue iron ore fines from Chinese ports starting July…
Cleveland-Cliffs Steel Corp. has been awarded a USD 400 mln contract by the U.S. Department of Defense to supply grain-oriented electrical steel (GOES) for U.S. military applications, according to the Defense Logistics…
SSAB has signed an early works agreement with NYAB covering the initial phase of a new steel coil logistics facility to support its planned mini mill in Lulea, Sweden. The agreement includes design, engineering, project…
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