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 their gains on Wednesday, supported by firm short-term fundamentals, though gains were limited by mixed economic data and persistent concerns over demand. Despite a decline in overall output…
Indian steelmaker Jeevaka Industries has selected Primetals Technologies to supply a 3-strand billet caster and a high-speed rebar outlet for its upcoming steel mill in Hyderabad, Telangana, with commissioning targeted…
UAE-based Arabian Gulf Steel Industries (AGSI) has secured an AED 126 mln (USD 34.3 mln) sustainable financing facility from Mashreq Bank, bolstering its transition toward greener industrial practices in alignment with…
Iron ore futures edged slightly higher on Tuesday, supported by firm short-term fundamentals, though gains were limited by a weakening demand outlook. Chinese steel mills continue to operate at elevated output levels…
Myanmar's Ministry of Industry plans to establish a certified laboratory for conformity testing of both imported and locally produced rebar, as part of broader efforts to ensure steel quality and support sector growth…
Iron ore futures declined on Monday as weakening demand fundamentals weighed on market sentiment. Data from the China Iron and Steel Association (CISA) showed that average daily crude steel output among key member mills…
Turkey's scrap import prices came under pressure this week, as sluggish finished steel sales kept mills cautious. Current import offers are assessed in the range of USD 335-345 per ton CFR, as compared to USD 345 per…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices unchanged for July, extending its streak of price stability to nine consecutive months. The current price remains at EGP 38,200 (USD…
Iron ore futures rose further on Friday, supported by firm near-term fundamentals and renewed policy backing from Beijing. Higher production by blast furnace-based steelmakers, driven by strong profit margins, continued…
Celsa Barcelona's medium section mill in Castellbisbal, Spain, has successfully completed a major automation upgrade by SMS group, executed without halting production. The project culminated in the final acceptance…
Turkey's leading steelmaker, Kardemir, has announced updated pricing for its steel sections. According to the latest price list, IPE-NPU sections (sizes 180-550 mm) are now offered at USD 680-760 per ton EXW, compared…
Turkish steel producer Siddik Kardesler Haddecilik has filed for bankruptcy protection with the Istanbul Anatolian 2nd Commercial Court, which has granted the company a three-month temporary protection period, according…
Iron ore futures rallied on Thursday, driven by optimism that Beijing may roll out policy measures to stabilize its industrial sector. Investors responded positively to signals from Beijing, where top officials pledged…
Saudi Arabian steel producer Watania Steel has successfully commissioned a new high-speed rebar mill, according to a statement from India-based rolling mill equipment supplier PPRM. The newly commissioned mill has…
Iron ore futures climbed on Wednesday, supported by strong steel production, particularly from blast-furnace-based mills that are currently enjoying healthy profit margins thanks to lower raw material costs. The…
Primetals Technologies has secured a contract from JSW Steel's Salem Works in Tamil Nadu, India, to implement advanced process optimization solutions as part of a major digitalization upgrade. The project includes Level…
The Saudi Iron and Steel Company (Hadeed) has reduced its long steel prices for June. The company's rebar (12-32 mm) prices were lowered by SAR 100 (USD 27) per ton, now offered at SAR 2,130 (USD 566) per ton. Wire rod…
Iron ore futures fell on Tuesday as market sentiment remained cautious amid an uncertain demand outlook. Concerns over demand were heightened by rumors that some Chinese cities may introduce steel production cuts for…
Iron ore futures inched higher on Monday, supported by steady steel production and some encouraging economic indicators, though gains were capped by lingering concerns over long-term demand. China's official…
Turkish steelmaker Kardemir has announced its sales allocation plan for the third quarter of 2025, shifting its product mix by reducing allocations for billets and profiles, while increasing the supply of rebar and wire…
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