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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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Tenaris secures Petrobras contract for casing supply

Brazil Brazil

Tenaris has won a contract from Petrobras to supply conductor and surface casing for the Pre-Salt and Equatorial Margin projects in offshore Brazil. The agreement, awarded through a global tender, will run from 2027 to…

Iron ore futures weaken amid soft demand

China China

Iron ore futures declined on Friday as persistent demand concerns and shrinking steel mill margins weighed on market sentiment. Market participants reported reduced steel production levels as Chinese mills faced tighter…

Iron ore futures edge higher amid policy optimism

China China

Iron ore futures rose on Wednesday as markets drew optimism from key policy meetings in Beijing, though underlying demand fundamentals remained soft. China's Communist Party began a major gathering on Monday to outline…

NMDC reduces iron ore prices

India India

India's largest iron ore producer and exporter, National Mineral Development Corporation (NMDC), has lowered prices for both iron ore lump and fines. According to a stock exchange filing, NMDC cut prices by INR 550 (USD…

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