Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Pacific Steel Group (PSG) is developing a MIDA Hybrid QLP-DUE minimill in Mojave, California, incorporating Danieli-patented technologies and on-site renewable energy. Spanning 255,000 sqm, the facility will have the…
Iron ore futures rebounded on Thursday, driven by hopes of seasonal steel demand, though escalating trade tensions capped gains. Market optimism was fueled by expectations of increased steel production following…
Turkish steelmaker Kardemir has released an updated price list for its long steel products. The company has raised the price of 12-32 mm rebar to TRY 20,875 (USD 570) per ton EXW, up from TRY 19,875 (USD 548) per ton…
Iron ore futures declined on Wednesday, erasing gains from the previous session as concerns over potential steel production curbs weighed on market sentiment. Earlier in the day, iron ore prices had been rising amid…
British Steel's wire rod team has successfully retained its IATF 16949 certification, reaffirming its commitment to quality and reliability, according to a company press release. The annual audit for the Scunthorpe Rod…
Egypt's El Garhi Group has agreed to sell a 26.25pct stake in Misr National Steel (Ataqa) to Al Organi Group, a diversified Egyptian conglomerate, according to a stock exchange filing. The stake will be acquired by Al…
Iron ore futures remained largely unchanged on Tuesday as market sentiment was weighed down by uncertainty over steel demand, potential production cuts, and rising global trade tensions. Hopes for major economic…
Iron ore futures fell on Monday, giving up early gains as concerns over demand overshadowed optimism about potential stimulus measures from Beijing. The uncertainty stemmed from possible crude steel output restrictions…
Turkey's scrap import prices continued to rise this week, reaching USD 365-375 per ton CFR, up from USD 360-365 per ton CFR last week. The upward trend is driven by higher collection costs and strong market sentiment in…
Iron ore futures rose slightly on Friday, ending a nine-session losing streak, as rising steel output and improving demand provided support. However, concerns over potential steel production curbs and escalating…
Belgian wire processing firm Bekaert has agreed to sell its steel wire solutions businesses in Costa Rica, Ecuador, and Venezuela to Grupo AG for an enterprise value of approximately USD 73 mln. The deal is expected to…
Iron ore futures fell on Thursday due to uncertainty over demand, driven by escalating trade frictions between the U.S. and China. However, Beijing's commitment to boosting domestic consumption and firm steel demand…
SteelAsia Manufacturing Corp., the Philippines' leading steel producer, has successfully commissioned its first solar rooftop photovoltaic (PV) system at its Meycauayan steel plant in Bulacan. The 1.9 megawatt-peak…
Egypt's El-Marakby Steel aims to increase its rebar exports by at least 10pct in 2025, targeting 140,000 tons compared to 120,000 tons worth USD 80 mln last year, according to the local media reports. CEO Eng. Hassan…
Iron ore futures remained under pressure on Wednesday, marking their eighth consecutive session of decline as escalating trade tensions between the U.S. and China, along with potential steel production curbs, weighed on…
Agha Steel Industries Limited reported a net loss of PKR 3.84 bln (USD 13.7 mln) for H1 FY25, a sharp increase from the PKR 219 mln loss in the same period last year. Revenue dropped 42.6pct YoY to PKR 5.3 bln (USD 19.1…
Iron ore futures remained under pressure on Tuesday, marking their seventh consecutive session of decline. The drop was driven by ongoing U.S.-China trade tensions and steel production curbs in China. U.S. President…
India's finished steel imports from China, South Korea, and Japan reached a record high in the first 10 months of the financial year, according to provisional government data cited by Reuters. Imports from South Korea…
Ezz Steel, one of Egypt's leading steel producers, has kept its rebar prices unchanged for the sixth consecutive month. The company's rebar price remains at EGP 38,200 (USD 754) per ton EXW, inclusive of 14pct VAT. Ezz…
Pakistan's Amreli Steels reported a net loss of PKR 1.87 bln (USD 6.7 mln) for the first half of the fiscal year 2025 ending December 31, 2024, a sharp decline from the PKR 632 mln loss recorded in the same period the…
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