Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Alfa Acciai has awarded Danieli the contract to supply a state-of-the-art spooler line for its Brescia facility in northern Italy. The new line will replace the existing one and overcome the current weight limit of…
Iron ore futures tumbled on Monday amid rising tensions between the United States and China, casting a shadow over the global demand outlook. The deepening trade dispute has heightened investor concerns, further weighed…
Hyundai Steel has awarded a contract to Pomini Long Rolling Mills to supply a new Pomini Quenching System (PQS), replacing the existing Tempcore system at its Pohang plant in South Korea. The PQS system will enhance…
Turkey's scrap import prices held steady this week at USD 380 per ton CFR, as buying activity was minimal due to the Eid holidays in the first half of the week. Turkish steel mills took a cautious approach, monitoring…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices unchanged for the seventh consecutive month. The price remains at EGP 38,200 (USD 754) per ton EXW, inclusive of 14pct VAT. Ezz Steel…
CriteriaCaixa, the investment holding company, has reached a preliminary agreement to acquire a 20pct stake in Celsa Group, Europe's leading producer of low-emission circular steel, through a capital increase. Celsa's…
Iron ore futures dipped on Thursday as market sentiment weakened following the latest U.S. tariff announcement. Global stock markets plunged after U.S. President Donald Trump imposed tariffs on nearly all imports…
Iron ore futures climbed on Wednesday, supported by improving market fundamentals, though demand concerns persist. Rising steel production, driven by seasonal demand and improved mill margins, bolstered market…
JFE Steel Corporation and Yamato Steel announced a collaboration in Japan's H-beam structural-steel market, starting in April this year. As the first step, Yamato Steel will begin supplying selected H-beam products from…
Turkey's scrap import prices held steady this week at USD 380 per ton CFR, as upcoming Eid holidays and ongoing political uncertainty kept Turkish steel mills on the sidelines. The political unrest from last week…
Emirates Steel, a subsidiary of the EMSTEEL Group and one of the UAE's leading steel producers, reported strong growth in its finished steel segment in 2024, according to its annual report. While crude steel production…
Iron ore futures dipped on Friday as market sentiment remained cautious amid a slight rise in port inventories and escalating trade tensions. While the most-traded iron ore contract posted a weekly gain, driven by…
South Korea's Hyundai Steel will suspend operations at its Incheon rebar plant for one month starting in April amid falling prices and weak construction demand, according to local media citing industry sources. The…
Jindal Shadeed Iron & Steel has commissioned Danieli to upgrade its casting machine capabilities at its Sohar facility in Oman. The modernization aims to enhance efficiency and diversify the product range, enabling the…
Iron ore futures extended gains on Thursday, buoyed by robust steel demand in China's domestic market, although concerns over long-term demand remain. Inventory levels of major finished steel products in Chinese…
Turkish steel producer Kardemir has announced its sales allocation plan for Q2 2025, increasing allocations for billets, wire rod, and profiles while reducing rebar supply compared to the previous quarter. According to…
Iron ore futures edged higher on Wednesday, supported by firm near-term demand, though the broader outlook remains uncertain due to steel production curbs by some Chinese mills. Chinese steelmakers have ramped up output…
The European Commission (EC) has strengthened steel safeguard measures to protect EU steel producers from surging imports, reducing the liberalization rate from 1pct to 0.1pct, which significantly limits the volume of…
Saudi Iron and Steel Company (Hadeed) has announced that long steel prices will remain unchanged for April deliveries. The company is offering rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm)…
Iron ore futures rose on Tuesday, supported by strong near-term demand, though gains were limited due to steel output reductions in some regions of China. Expectations of strong steel demand during the spring season and…
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