Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures fell further on Thursday as demand concerns resurfaced following weaker-than-expected factory activity in China. The country's official manufacturing PMI dropped to 49.3 in July, down 0.4 points from…
Sims Limited and Equest Steel Pty Ltd, trading as Alter Steel, have signed a non-binding Memorandum of Understanding (MOU) to support Alter's planned electric arc furnace (EAF) project in Pinkenba, Queensland, slated to…
UAE-based EMSTEEL, one of the region's largest publicly listed steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for the first half of 2025. The group recorded…
Iron ore futures slipped on Wednesday, reversing earlier gains after a key policy meeting in Beijing concluded without any major stimulus announcements to support economic growth. Chinese leaders signaled they would…
Iron ore futures edged higher on Tuesday, supported by firm short-term fundamentals. Steelmakers using blast furnaces have maintained high production levels, buoyed by healthy profit margins. Additionally, lower…
Emirates Steel, a subsidiary of EMSTEEL Group, has announced the introduction of a Temporary Import Displacement Discount (TIDD) in response to a recent increase in imported steel sections, particularly from China. The…
Coking coal futures slumped on Monday after the Dalian Commodity Exchange (DCE) announced new trading restrictions aimed at curbing speculative activity, prompting investors to take profits. Effective from the night…
British Steel announced that production has resumed at its Teesside beam mill following the successful completion of its annual zero-harm summer maintenance programme. The 16-day maintenance campaign involved extensive…
Turkey's scrap import prices held steady this week at USD 340-345 per ton CFR, but buying activity picked up amid improved domestic steel demand. The increase in scrap purchases coincided with improved local steel sales…
Turkish steelmaker Kardemir has increased its billet prices by USD 15 per ton in its latest sales round, according to its latest price list, compared to the levels announced early this month. As per the updated pricing…
The Saudi Iron and Steel Company (Hadeed) has maintained its long steel prices for August production. Rebar (12-32 mm) remains priced at SAR 2,130 (USD 566) per ton, while wire rod (6.5-16 mm) is unchanged at SAR 2,320…
Iron ore futures fell on Friday as rising supply stoked concerns among traders, although the near-term outlook remains firm due to resilient steel production. Exports from Australia's Port Hedland rose to 49.1 mln tons…
SteelAsia is achieving high efficiency and quality at its new high-speed rebar mill in Compostela, Cebu, Philippines, according to equipment supplier Danieli. The mill has a production capacity of 800,000 tons per year…
Iron ore futures extended their decline on Thursday, pressured by rising supply from major producers. In contrast, coking coal prices continued to climb amid persistent supply concerns. Brazil's Vale reported a 3.7pct…
Turkish steel producer Kardemir has announced updated prices for wire rod and rebar in its latest price list. The company increased wire rod prices by USD 10 per ton compared to the second week of July. It is now…
Coking coal futures surged to the daily upper limit on Wednesday, driven by concerns over potential supply disruptions following reports of a government inspection into coal mine production. According to local media…
Emirates Steel, a subsidiary of EMSTEEL Group, has kept rebar prices for August production unchanged for the sixth consecutive month. The company's price remains at AED 2,480 (USD 675) per ton on EXW basis. The above…
Iron ore futures continued to climb on Tuesday, supported by strong near-term demand and optimism around potential stimulus measures. Market sentiment was buoyed by news that China has begun construction on what will…
Pakistani rebar producer Dost Steels Limited (DSL) has signed a loan restructuring agreement with a consortium of banks, under which its outstanding debt has been rescheduled, the company said in a filing to the stock…
Iron ore futures surged, supported by the announcement of a major hydropower project and growing optimism over potential government stimulus measures. On Saturday, Chinese Premier Li Qiang announced the launch of a…
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