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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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2,789 news items in Global Steel News. Show all

Iron ore futures edge higher on stimulus hopes

China China

Iron ore futures posted slight gains on Wednesday, as optimism over potential stimulus from Beijing helped offset steel demand concerns. Confidence in additional fiscal stimulus grew after a Reuters report spurred price…

Baosteel sees significant decline in Q3 profit

China China

China's leading steel producer, Baoshan Iron & Steel (Baosteel), reported a nearly 65pct drop in net profit for the third quarter, primarily due to declining steel prices. In a filing to the Shanghai Stock Exchange, the…

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