Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures closed nearly flat on Friday, with firm near-term demand tempered by sluggish steel consumption. Market sentiment was supported by expectations of resumed steel production after environmental curbs were…
Xinyu Iron & Steel Co. Ltd. (Xisco), a subsidiary of China Baowu Group, has completed its Kocks RSB 370++/4 project with the signing of the Final Acceptance Certificate (FAC), marking full operation of its new SBQ mill…
The Algerian-Qatari Steel Company (AQS) has signed commercial and strategic agreements worth more than USD 1.6 bln to boost its steel exports to over 40 African countries. The announcements were made during the 4th…
Watani Iron Steel Co. (Watani Steel) has renewed a Shariah-compliant bank facility worth SAR 25 mln (USD 6.65 mln) with Alinma Bank, according to a stock exchange disclosure. Backed by a promissory note, the financing…
Iron ore futures slipped on Thursday as concerns over weak steel demand resurfaced. Rising inventories of finished steel products, particularly long steel, at major Chinese stockists highlighted sluggish domestic…
Iron ore futures rose slightly on Wednesday, supported by expectations of stronger steel output after environmental curbs on Tangshan mills were lifted last week. A drop in weekly shipments from major suppliers also…
Turkey exported about 2.36 mln tons of rebar in the first seven months of 2025, up 24pct YoY, according to data from the Turkish Statistical Institute (TUIK). Yemen was the largest buyer with 436,500 tons, followed by…
Turkish steel producer Kocaer Celik announced progress on its green steel mill and profile plant project, a key part of its 2030 vision. In a stock exchange filing, the company said feasibility studies are ongoing, the…
Pakistan's Beco Steel Limited has signed an agreement with a renewable energy solutions provider to install a 2-megawatt (MW) solar power generation system at its Badami Bagh, Lahore plant, according to a stock exchange…
Iron ore futures extended gains on Tuesday, supported by expectations of stronger steel production following the lifting of output curbs in Tangshan, imposed earlier for a parade in Beijing. Analysts said higher steel…
Fushun Special Steel, a subsidiary of Shagang Group, has successfully rolled the first bar on its new Kocks Reducing & Sizing Block (RSB) 370++/4 in 5.0 design at its SBQ rolling mill in Fushun, Liaoning province. The…
Mukand Sumi Special Steel (MSSSL) has ordered a new blooming mill from Danieli for installation at its Hospet plant in Karnataka, southwest India. The mill will have a capacity of 300,000 tons per year, rolling blooms…
Iron ore futures rose on Monday, supported by resilient Chinese steel exports and reduced shipments from Brazil. Market sources said Brazilian iron ore exports fell sharply last week due to scheduled berth maintenance…
The global long steel products market remains under severe pressure, with demand weak, prices squeezed, and mills struggling to operate profitably, according to the latest short-range outlook from the International…
Turkish steelmaker Kardemir lowered its wire rod prices by USD 10 per ton in its latest price list, compared with July 23 levels. The company is now offering 5.5 mm SAE 1006 grade wire rod at USD 580 per ton EXW, and…
Primetals Technologies has secured an order from Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) to upgrade process optimization systems at its sinter plants in Karabuk, Turkey. The project includes upgrading…
Iron ore futures rose on Thursday, supported by expectations of higher demand after Tangshan steel mills resumed operations following the end of Beijing's military parade-related output curbs on September 3. Analysts…
Fujian Sangang Minguang Group (Sanming) has signed the Final Acceptance Certificate (FAC) for the reducing & sizing block RSB 500++/4 supplied by Kocks, marking the successful completion of its integration into the…
CARES, the world's leading steel certification authority, has suspended Asas Steel FZC's approval following unannounced inspections that revealed major safety and traceability breaches. Audit teams at Hamriyah Free Zone…
Iron ore futures rose on Wednesday, supported by expectations of stronger demand as Tangshan steel output curbs near their end. Beijing had ordered Tangshan mills to cut production from August 25 to September 3 for a…
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