Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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UAE-based steel producers say they do not expect a significant impact from the latest U.S. move to double tariffs on steel imports. Effective June 4, the U.S. has raised tariffs on steel and aluminum imports from 25pct…
UAE-based long steel producer EMSTEEL has chosen Danieli to deliver a turnkey Thermo-Mechanical Control Process (TMCP) system for its Rolling Mill #4 in Abu Dhabi. The project will enhance EMSTEEL's production…
Iron ore futures recovered on Wednesday, although the demand outlook for this crucial steelmaking ingredient remains uncertain. The recent gains were largely driven by profit-taking, as traders capitalized on short-term…
Iron ore futures declined in post-holiday trading on Tuesday, pressured by renewed demand concerns and the U.S. decision to double steel tariffs. Market sentiment was further dampened by escalating trade tensions, as…
Hyundai Steel, South Korea's second-largest steelmaker, is considering selling its caterpillar track division at the Pohang 1 plant, 273 kilometers southeast of Seoul, local media reported Monday. The company is in…
Hybar, LLC has produced its first rebar at its newly built steel mini mill in Osceola, Arkansas, just 22 months after breaking ground on the 1,300-acre greenfield site. The initial rebar was made using purchased…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices unchanged for June, marking the eighth consecutive month of price stability. The current price stands at EGP 38,200 (USD 768) per ton…
Turkey's scrap import prices remained unchanged this week, as suppliers resisted lower bids from domestic steel mills despite sluggish demand for finished steel. Current import offers are assessed in the range of USD…
Iron ore futures fell on Friday, pressured by declining steel production and subdued market sentiment during pre-holiday trading. Blast furnace-based steel mills are increasingly suspending operations for maintenance…
Hoa Phat Dung Quat Rail and Special Steel JSC has partnered with SMS group to build a state-of-the-art rail and section mill with an annual capacity of 700,000 tons. The facility will be located in the Dung Quat…
Pakistani rebar producer Dost Steels has signed a restructuring agreement with a consortium of banks as part of efforts to stabilise its financial position. The deal is backed by a PKR 2.08 bln (USD 7.33 mln) investment…
Iron ore futures ended a four-day losing streak on Thursday, lifted by improved market sentiment after a U.S. federal court blocked President Donald Trump's broader tariffs from taking effect. The court ruled that Trump…
The Brazilian government has extended its steel import quota system for another year to safeguard the domestic industry from unfair competition. The system, introduced by the Foreign Trade Chamber (Camex) in 2023, sets…
Turkish steelmaker Kardemir has announced updated rebar prices, according to its latest price list. The new price for 12-32 mm rebar is set at TRY 21,585 per ton EXW (USD 553), slightly up from TRY 21,550 per ton EXW…
Iron ore futures continued to decline on Wednesday as a weak demand outlook weighed heavily on market sentiment. Recent signs of slowing steel production have raised concerns over iron ore consumption. Weaker demand for…
Algerian Qatari Steel (AQS) has achieved a major milestone with the European certification for its B500B rebar, in compliance with the technical requirements of the Kingdom of the Netherlands. The certification was…
Iron ore futures continued to decline on Tuesday amid weakening demand fundamentals, driven by fresh reports of potential steel production cuts in China. Tang Zujun, vice-president of the China Iron and Steel…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for June production will remain unchanged for the fifth straight month. The company has maintained its rebar price at AED 2,660 (USD…
EMSTEEL is set to further reduce carbon emissions at its Abu Dhabi steelworks with the installation of an e-PGH Pilot (electric Process-Gas Heater) at DRI Plant #1. The plant utilizes Energiron technology, co-developed…
Iron ore futures fell on Monday as weakening steel production, driven by slowing demand, dampened market sentiment. According to the China Iron and Steel Association (CISA), average daily crude steel output among its…
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