Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's scrap import prices fell this week due to weakening demand for Turkish finished steel. Scrap import prices are now assessed at USD 365-370 per ton CFR, down from USD 385-390 per ton CFR last week. Last week's…
Turkey's Kocaer Steel was recently recognized by ResponsibleSteel, a global initiative focused on socially and environmentally responsible, net-zero steel production. The company is committed to supporting Turkey's 2053…
UAE's leading steel producer, EMSTEEL (formerly Emirates Steel Arkan), has signed an agreement with e& UAE, the telecommunications arm of a global technology group, for a pioneering collaboration in the manufacturing…
Dalian iron ore futures fell on Friday, as weaker-than-expected economic data and reduced steel production dampened market sentiment. China's economy grew by 4.6pct YoY in Q3, according to official data, but this was…
Steelmaking raw materials and steel futures tumbled on Thursday after the latest stimulus measures targeting China's struggling property sector failed to meet market expectations. Beijing announced plans to nearly…
Iron ore futures declined on Wednesday as the market grew cautious due to rising iron ore supplies from major miners and uncertainty in demand. Both Rio Tinto and Vale reported higher production and shipments in Q3, and…
Pomini Long Rolling Mills has secured a contract from Riva Acciaio SPA to expand the continuous rolling mill at its Cerveno facility in Brescia, Italy, as part of a modernization plan. This facility processes both…
Dalian iron ore futures slipped on Tuesday as concerns grew over weaker demand prospects and rising shipments from major iron ore miners. The World Steel Association forecasts a 0.9pct decline in global steel demand to…
Garawany Group's subsidiary, International Steel Industry, plans to invest EGP 5.5 bln (USD 113 mln) to upgrade and expand state-owned Delta Steel under a nine-year lease, CEO Ahmed El Garawany said. The expansion aims…
Iron ore futures rose on Monday, driven by renewed expectations of additional fiscal stimulus from Beijing, following weak economic data that lifted market sentiment. Data from China's National Bureau of Statistics…
Turkey's scrap import prices surged this week as Turkish steel mills continued to secure more cargoes to replenish inventories, driven by improved steel demand. Scrap prices rose to USD 385-390 per ton CFR, up from USD…
Iron ore futures recovered on Friday as markets anticipated further fiscal stimulus announcements by Beijing ahead of a key press conference. China's Finance Minister is set to outline plans to intensify fiscal stimulus…
Industries Qatar (IQ) announced that its steel segment associate, Foulath Holding, has received a non-binding offer for the acquisition of 100pct of its share capital, according to a stock exchange filing. Foulath…
Iron ore futures continued their decline on Thursday, despite gains earlier in the session, as uncertainty surrounding Beijing's stimulus measures weighed on the market. Futures initially rose after reports that China's…
Turkish steel producer Kardemir has announced updated rebar and wire rod prices in its latest price list. The company is now offering rebar (12-32 mm) at TRY 22,000 (USD 642) per ton, up from TRY 21,500 (USD 628) per…
Iron ore futures extended losses on Wednesday, as the lack of additional stimulus measures dampened market sentiment. The sharp rally seen before the holidays cooled off after a press briefing by the National…
Ezz Steel, a leading Egyptian steel producer, has lowered its rebar prices for the domestic market. The company is now offering rebar at EGP 38,200 (USD 789) per ton, down from the previous price of EGP 40,700 (USD 862)…
Turkey's wire rod exports reached approximately 610,000 tons in the first eight months of this year, representing a significant increase of nearly 68pct YoY, according to the Turkish Statistical Institute (TUIK)…
Iron ore futures reversed earlier gains and posted a loss in post-holiday trading on Tuesday, as markets were disappointed by a recent statement from the National Development and Reform Commission (NDRC), which dampened…
Pomini Long Rolling Mills has completed a modernization project at Celsa Armeringsstal in Mo I Rana, Norway. The existing rolling mill, operational since the 1980s, was originally designed and supplied by Pomini SpA…
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