Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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ArcelorMittal Hunedoara has signed an agreement to sell its assets to UMB Steel, part of Romania's UMB civil engineering group, for EUR 12.5 mln (USD 14.65 mln), the company said in a filing to the Bucharest Stock…
Iron ore futures edged lower on Wednesday in the final morning session of 2025, with market sentiment weighed down by weak fundamentals. Rising global supply, elevated inventories at major Chinese ports, and subdued…
Turkish steel producer, Kardemir has announced its sales allocation plan for the first quarter of 2026, increasing billet volumes while reducing allocations for rebar, wire rod, and profiles compared with the previous…
Watani Iron Steel Co. (Watani Steel) has renewed Sharia-compliant credit facilities worth SAR 70.5 mln (USD 18.8 mln) with Bank Albilad, according to a stock exchange filing. The renewed facilities will run from…
Iron ore futures declined on Tuesday as the market remained caught between weak current fundamentals and short-term optimistic expectations, keeping sentiment mixed. Market participants said shipments from major miners…
Saudi Iron and Steel Company (Hadeed) has increased its rebar prices for January production while leaving wire rod prices unchanged, the company said. The company's rebar prices for sizes 12-32 mm were raised by SAR 70…
The Federal Board of Revenue (FBR) has notified minimum values for the payment of sales tax on selected locally produced and supplied long steel products, under S.R.O. 2402(I)/2025 dated December 10, 2025. Under the new…
Iron ore futures surged on Monday, driven by improved sentiment after Beijing signaled a more proactive fiscal policy stance for 2026. China will adopt a more expansionary fiscal approach next year, increasing spending…
Jindal Steel Ltd. plans to double its structural steel manufacturing capacity at the Raigarh facility to 2.4 mln tons per year by mid-2028, up from the current 1.2 mln tons, according to a stock exchange filing. The…
Sidersa has placed an order with Danieli for a MIDA QLP-DUE green steel minimill to be built in San Nicolas de los Arroyos, Buenos Aires, marking the first endless casting and rolling facility in Latin America. The…
Turkey's imported scrap prices edged higher this week, with assessments at USD 360-370 per ton CFR, compared with USD 360-365 per ton last week. Market sources said the higher end of the range reflects a reported…
EMSTEEL Group announced new steps with the Emirates Nuclear Energy Company (ENEC) to decarbonize steel production by sourcing nuclear-generated electricity certified under Abu Dhabi's Clean Energy Certificates Program…
The US Department of Commerce has issued a preliminary determination finding that Algerian-origin rebar was sold in the US market at less than fair value. The ruling centers on Tosyali Iron Steel Industry Algeria SPA…
Somasteel has launched an expansion project aimed at achieving full vertical integration, with a total investment of MAD 760 mln (USD 83 mln), the company said. The project involves the construction of a steel meltshop…
Iron ore futures posted gains on Friday, supported mainly by sentiment-driven expectations, while underlying fundamentals remained weak. Iron ore futures were subdued earlier in the session after China's state planner…
Iron ore futures rose on Thursday, supported by improved sentiment following Beijing's latest measures to support the troubled property sector, although weak market fundamentals continued to limit gains. China announced…
Hoa Phat Group has held a groundbreaking ceremony for its Dung Quat Rail and Special Steel Production Plant, marking a key step in the group's strategy to expand into high-tech steel products. The plant is expected to…
Metalloinvest's A.A. Ugarov Oskol Electrometallurgical Plant (OEMK) has completed a major overhaul of key equipment at Rolling Shop No. 2 (Mill-350). The kilometer-long Mill-350 production line underwent comprehensive…
Iron ore futures edged higher on Wednesday as expectations of improved demand provided some support, though gains were limited by weak underlying fundamentals, keeping market sentiment cautious. Analysts said Beijing is…
Iron ore futures edged lower on Tuesday as a bearish outlook continued to pressure the market. A seasonal slowdown in steel demand has prompted many Chinese steel mills to schedule maintenance, a trend expected to…
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