Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Kirchhoff Automotive, a renowned manufacturer of safety-focused structural components for the global automotive industry, has partnered with Swedish steel producer, SSAB to achieve a significant 40pct reduction in their…
ArcelorMittal, the world's top steel and mining company, has introduced a groundbreaking line of steel tubes with significantly reduced carbon emissions. These innovative tubes, made from XCarb recycled and renewable…
Iron ore prices continued to climb on Thursday, bolstered by expectations of additional stimulus measures and dwindling inventory levels at Chinese ports. However, concerns over weakening export data dampened demand…
According to data from the General Administration of Customs, China witnessed a 0.7pct decline in its steel product exports in June compared to the previous year, totaling 7.51 mln tons. This decrease marked the end of…
China’s imports of iron ore climbed by 7.4pct in June from a year before, customs data showed, thanks to solid demand from domestic steelmakers. The world’s largest iron ore consumer brought in 95.52 mln tons of the…
Bangladesh's production of crude steel has experienced a significant decline, reaching a three-year low of 5.2 mln tons. This situation is indicative of reduced demand for primary construction materials due to decreased…
The Voestalpine Group’s Metal Forming Division, a leading supplier of innovative vehicle restraint systems based in Krems, Austria, is making Europe’s roads safer. In the largest individual project in its road safety…
Iron ore and steel futures experienced gains on Wednesday, buoyed by positive market sentiments driven by expectations of additional stimulus measures and robust loan data. The China Securities Journal, a state-backed…
Steel mills in India are experiencing a slowdown in demand in domestic markets, leading to a decrease in prices. Several factors contribute to the declining demand, including the monsoon season and seasonal weakness…
NLMK Clabecq collaborated with Danieli to undertake an upgrade aimed at solidifying its prominent role in the thin-gauge steel market. The objective was to deliver top-notch surface quality, flatness, and dimensional…
Hungary's Economic Development Ministry announced that Liberty Steel has emerged as the successful bidder to acquire the assets of Dunaferr, a Hungarian steelmaker currently undergoing liquidation. Liberty Steel offered…
Mekhano-Remontny Kompleks (MRK, a leading equipment manufacturer that is part of MMK Group) plans to build a state-of-the-art, import-substituting production facility to manufacture forged working rolls for cold-rolling…
Despite the Chinese government's recent stimulus measures aimed at addressing the challenges faced by the troubled property sector, iron ore futures remained rangebound on Tuesday. The central bank's announcement of an…
Japanese metals giant Nippon Steel has developed a new type of stainless steel designed to better withstand contact with liquefied hydrogen, with an eye on the growing market for hydrogen refueling stations in Japan…
Hyundai Steel Co., a unit under South Korean auto giant Hyundai Motor Group, is set to kick off research on hydrogen-based steelmaking as its new lab will open by the end of this year in Dangjin Integrated Steelworks…
Cenergy Holdings, a Belgian holding company focused on the growing global demand of energy transfer, renewables, and data transmission, has announced that its steel pipes segment, Corinth Pipeworks, has been awarded a…
Lanzatech, a leading carbon capture and utilization company, and Primetals Technologies today announce the signing of a renewed ten-year cooperation agreement to accelerate the deployment of integrated environmental…
According to the latest statistics released by World Stainless Association (Worldstainless), stainless steel melt shop production decreased by 5 pct YoY to 13.66 mln tons in the first quarter of 2023. The stainless…
Iron ore futures tumbled on Monday as sentiments were dampened by unfavorable economic data. The National Bureau of Statistics (NBS) reported that the producer price index (PPI) fell for the ninth consecutive month in…
SteelAsia Manufacturing Corp., the largest steel manufacturer in the Philippines, announced that it has successfully exported more than 36,000 tons of rebars to Canada. The Chairman and CEO of SteelAsia, Benjamin Yao…
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