Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures extended gains on Wednesday despite mixed steel market signals, while weak steel demand and slowing economic growth continued to cloud the medium-term outlook. China's crude steel production increased…
Pakistan's Agha Steel Industries Ltd has signed a bilateral restructuring agreement with Bank Al Habib Ltd (BAHL), marking a key milestone in the company's ongoing financial restructuring program. Under the agreement…
Iron ore futures gained on Monday, reversing earlier losses as supply concerns in Australia offset the weak outlook for steel demand and Chinese mill profitability. Iron ore prices found support after workers at BHP's…
Iron ore futures fell on Friday as the demand outlook remained weak, with seasonal slowdown in steel consumption continuing to pressure Chinese steel mills' margins. Market insiders said sluggish steel demand and rising…
JSW Steel Italy has signed a program agreement with the Italian government, local authorities and trade unions to advance the revitalization of the Piombino steelworks, providing a framework for implementing the site's…
Greensteel Australia will invest AUD 500 mln to build Australia's first new steel mill in more than 30 years at the former BHP Newcastle Steelworks site in Mayfield, New South Wales. The all-electric plant, expected to…
Turkish imported scrap prices remained under pressure this week as weak finished steel demand, sluggish export sales and cautious mill buying continued to weigh on the market. MESTEEL assessed HMS 1&2 (80:20) import…
Iron ore futures rose slightly on Friday, supported by expectations of tighter near-term supply, although weak steel demand and declining hot metal output continued to limit further gains. Markets continued to balance…
Baoshan Iron & Steel (Baosteel) has successfully rolled the first bar at its new KOCKS RSB 370++/4 Reducing & Sizing Block, marking the commissioning of a new special bar quality (SBQ) rolling mill at its greenfield…
Vietnam's leading steelmaker Hoa Phat Group produced more than 3.6 mln tons of crude steel in the second quarter of 2026, up 48pct YoY and 9pct from the previous quarter, driven by higher output across its integrated…
The US Department of Commerce has preliminarily determined that countervailable subsidies are being provided to imports of carbon and alloy steel wire rod from Algeria, proposing a 73.33pct countervailing duty (CVD) on…
Iron ore futures edged higher on Thursday, supported by concerns over a potential supply disruption at BHP's Port Hedland operations in Western Australia, although weakening steel demand continued to limit price gains…
The global long steel products market remained under pressure in recent weeks, with weak demand, excess supply and intense competition continuing to weigh on prices and margins, according to the latest short-range…
Iron ore futures rose on Wednesday, supported by concerns over a potential supply disruption at Port Hedland, the world's largest iron ore export terminal, although the medium-term outlook remained weak due to soft…
Turkish steelmaker Kardemir has lowered domestic rebar prices in its latest sales round amid subdued market conditions. The producer is offering 12-32 mm rebar at TRY 26,500 (USD 566) per ton EXW, excluding VAT, down…
Turkey's leading steel producer Kardemir has increased domestic prices for steel sections, according to its latest price list. The producer raised prices for IPE-NPU sections in sizes 180-550 mm to USD 670-760 per ton…
Iron ore futures declined on Tuesday as weak steel market fundamentals continued to weigh on sentiment, with the outlook for demand remaining uncertain. Market sources said the seasonal slowdown in steel consumption has…
Iron ore futures edged higher on Monday as relatively high Chinese steel production continued to provide near-term support. However, gains remained limited as high portside inventories, shrinking steel mill margins and…
Turkish imported scrap prices extended their decline this week as weak finished steel demand, softer export prospects and cautious mill buying continued to pressure the market. MESTEEL assessed HMS 1&2 (80:20) import…
Turkish steel producer Ekinciler Demir ve Celik Sanayi has received a USD 4.97 mln export order for construction steel (rebar) from the Central America region, according to the company's stock exchange filing. The…
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