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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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2,780 news items in Global Steel News. Show all

Algoma Steel produces first heat at new EAF facility

Canada Canada

Algoma Steel has achieved first steel production at Unit One of its new Electric Arc Furnace (EAF) facility in Sault Ste. Marie, Ontario. This marks the start of the company's transition from integrated to electric arc…

Iron ore futures drop amid slowing steel demand

China China

Iron ore futures fell on Monday as steel production curbs and weakening steel demand weighed on market sentiment. Chinese Steel output is expected to be hit by new environmental restrictions in Tangshan and other…

Global stainless steel output rises in Q2 2025

Global

Global stainless steel production reached 16.36 mln tons in Q2 2025, up 3.1pct YoY and 5pct quarter-on-quarter, according to the World Stainless Association (Worldstainless). China remained the dominant producer, with…

Iron ore gains as Beijing mulls steel cuts

China China

Iron ore futures surged on Thursday, supported by reports that Chinese authorities plan to cut steel production to reduce excess supply. Beijing aims to curb crude steel output between 2025 and 2026 amid persistent…

Baosteel posts profit growth in H1 2025

China China

China's Baoshan Iron & Steel (Baosteel) posted a 7.4pct YoY rise in net profit to 4.88 bln yuan (USD 682 mln) in the first half of 2025, despite a 7.3pct drop in operating income to 151.37 bln yuan (USD 21 bln)…

Steel imports drop 5pct in Jan-Jul 2025 YoY

United States United States

The U.S. imported 2.24 mln tons of steel in July 2025, including 1.69 mln tons of finished steel, according to preliminary Census Bureau data released by the American Iron and Steel Institute (AISI). Compared with June…

Iron ore futures decline on weak steel demand

China China

Iron ore futures extended losses on Wednesday as the market grappled with oversupply worries and weakening steel demand in China. Blast furnace mills have kept production strong in recent weeks, supported by healthy…

Stegra advances green hydrogen plant construction

Sweden Sweden

Stegra is making rapid progress on its green hydrogen facilities, with four central electrolyzer buildings nearing completion and process equipment installation underway. The company noted that the construction team is…

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