Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
860 news items in Iron ore. Show all
Iron ore futures extended their rally for a fourth consecutive session on Friday, driven by Beijing's recent stimulus measures. This week, China's central bank announced a reduction in the reserve requirement ratio…
Iron ore futures extended gains for a third consecutive session on Thursday, driven by China's pledge for additional stimulus, which restored confidence just as the effects of the latest monetary easing measures began…
Murat Cebecioglu, chairman of IREPAS (International Rebar Exporters and Producers Association), highlighted at a conference the growing instability in the global long steel industry's supply and demand balance, with…
Iron ore futures extended gains on Wednesday as Beijing's recent stimulus measures fueled optimism for steel demand. Following Tuesday's broad policy easing, the Chinese central bank cut medium-term lending rates to…
Metso has signed a contract with Beijing Shougang International Engineering Technology Co. Ltd (BSIET) to deliver a traveling grate pelletizing plant for Ruifeng Iron and Steel Group Co., Ltd. in Tangshan, Hebei…
Iron ore futures surged on Tuesday following Beijing's announcement of monetary stimulus aimed at supporting the economy. China's central bank introduced several policy measures, including a cut to the reserve…
Iron ore futures tumbled on Monday as market sentiment weakened due to the absence of new stimulus measures from Beijing. Despite expectations of a rate cut to bolster the economy, the Chinese central bank kept the…
Iron ore futures edged higher on Friday but relinquished some gains by session's end after Beijing maintained its benchmark lending rates. The Chinese central bank maintained the one-year loan prime rate at 3.35pct and…
Iron ore futures gained on Thursday, driven by stimulus hopes despite ongoing demand concerns. The optimism was fueled by the US central bank's decision to cut interest rates for the first time in over four years…
Iron ore futures plunged on Wednesday following the post-holiday resumption of trading, driven by cautious market sentiment surrounding demand prospects. Chinese commodity markets were closed earlier in the week due to…
Australian steel producer BlueScope Steel, through its subsidiary BlueScopeX Pty Ltd, has signed a memorandum of understanding (MoU) with Helios Project Ltd., the developer of the Helios Cycle, a novel process that uses…
Demand for rebar and wire rod is projected to reach 7.5 mln tons in 2024, according to Jassem Abbas, Vice Chairman of the National Committee for Steel Industry (NSCI) and General Manager of Sales, Marketing, and…
Iron ore futures declined on Friday but recorded weekly gains as mills increased production to capitalize on improved steel demand. The reduction in steel inventories at major Chinese warehouses, signaling stronger…
NMDC, India's leading iron ore producer, has allocated INR 2,200 crore (USD 262 mln) for FY 2025 to establish a slurry pipeline and new processing plants, targeting a production increase to 100 mln tons by 2030. Amitava…
Iron ore futures rose on Thursday, driven by pre-holiday restocking activity, which lifted market sentiment. Steel inventories at major Chinese warehouses continued to decline ahead of the Mid-Autumn Festival holidays…
Iron ore futures rose on Wednesday, supported by improving steel demand, which boosted market sentiment. Major steel producers, Baosteel and Shagang, kept domestic prices for long and flat steel products unchanged, a…
Iron ore futures dipped slightly on Tuesday after giving up earlier gains, as the market remained cautious about steel demand recovery. Typically, the peak steel consumption months of September and October support…
China's steel exports rose by 14.7pct YoY to 9.5 mln tons in August 2024, according to the General Administration of Customs. This represents a 21pct increase from the previous month. In the first eight months of 2024…
Iron ore futures rose on Monday, driven by improved steel demand and renewed hopes for stimulus following China's tepid economic data, despite long-term concerns over demand for key steelmaking raw materials. Steel…
Dalian iron ore futures remained largely unchanged on Friday as concerns over demand continued to weigh on market sentiment. Weak economic growth and ongoing troubles in the property sector have led to cautiousness…
“Premium Content” marks a news item that needs a subscription to read in full.
