Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Hyundai Steel has become the first Korean steelmaker to receive U.S. quality certification for steel products used in nuclear reactors, marking a significant step toward entering the U.S. and global nuclear markets. The…
Iron ore futures rose on Monday, supported by resilient short-term demand and optimism over potential stimulus measures, even as long-term demand concerns persisted. Chinese steel production remained elevated…
Turkish scrap import prices continued to decline this week, pressured by weak demand for finished steel. Prices were assessed at USD 345-350 per ton CFR, down from USD 365-370 per ton the previous week. The decline is…
Iron ore futures ended nearly flat on Thursday, with short-term fundamentals providing support, though uncertainty over the long-term outlook continued to weigh on sentiment. The market found support from falling steel…
Turkish steelmaker Kardemir has announced updated prices for its long steel products. The price of 12-32 mm rebar has been increased to TRY 21,165 (USD 556) per ton ex-works, up from TRY 20,875 (USD 570) per ton set on…
Iron ore futures traded in a narrow range on Wednesday, as the market weighed mixed signals. While higher steel production and encouraging economic data lent some support, lingering trade tensions between China and the…
Iron ore futures rose on Tuesday, supported by a decline in imports and steady domestic steel demand. However, the market remains cautious due to lingering concerns over ongoing China-U.S. trade tensions. Higher…
Hoa Phat Group has signed a contract with Primetals Technologies to supply a high-quality steel casting and rolling line with an annual capacity of 500,000 tons. The move is aimed at expanding Hoa Phat's production of…
Pakistan's construction sector remains sluggish, weighed down by persistently high steel prices that continue to discourage both public and private development activity, according to a local newspaper report. Despite…
Iron ore futures edged slightly higher on Monday, buoyed by encouraging loan data from China, though lingering concerns about long-term demand continued to weigh on market sentiment. According to data released by the…
Scrap import prices in Turkey declined this week, pressured by subdued buying activity from steel mills amid weak finished steel demand. Prices were assessed at USD 365-370 per ton CFR, down from USD 380 per ton CFR…
Turkey's wire rod exports saw a steep decline in the first two months of 2025, according to data from the Turkish Statistical Institute (TUIK). Between January and February, exports totaled approximately 102,000 tons…
Iron ore futures advanced on Friday, supported by steady near-term demand even as long-term outlooks remained uncertain. According to the latest steel sector survey from the National Development and Reform Commission…
Vinton Steel LLC, the U.S. subsidiary of Japan's Kyoei Steel Ltd., has awarded a contract to Pomini Long Rolling Mills for a new bar rolling mill at its site in El Paso County, Texas. The project is part of the Green…
Turkey's leading steel producer, Kardemir, has announced updated pricing for its steel sections, reflecting a downward adjustment across several product categories. The company has reduced prices for IPE-NPU sections…
Iron ore futures rebounded on Thursday, driven by market optimism over potential stimulus measures from Beijing amid escalating trade tensions between China and the U.S., and continued deflationary pressures. U.S…
Turkish steelmaker Kardemir has launched a new sales round for billet and wire rod, according to its latest price list. Billet prices remain unchanged from the previous list issued on March 13, 2025. S235JR grade…
Iron ore futures continued to decline on Wednesday, weighed down by escalating trade tensions between the U.S. and China, which have intensified concerns over global steel demand. The U.S. confirmed it will impose…
Turkey exported 768,200 tons of rebar in the first two months of 2024, up 36pct YoY, according to data from the Turkish Statistical Institute (TUIK). Yemen was the top importer during this period, receiving 228,300…
Iron ore futures extended losses on Tuesday as rising trade tensions between the U.S. and China clouded the demand outlook. China vowed to take countermeasures after former U.S. President Donald Trump threatened to…
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