Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Dalian iron ore futures fell slightly on Wednesday as weak demand fundamentals overshadowed stimulus hopes prompted by recent manufacturing data. China's manufacturing activity continued its decline for the third…
Saudi Iron and Steel Company (Hadeed) has set its prices for rebar and wire rod for August production. The company is offering rebar (12-32 mm) at SAR 2,410 (USD 642) per ton, unchanged from the previous month. In…
Egypt's steel rebar production surged 37pct YoY to 4.15 mln tons in the first half of 2024. This growth was supported by the availability of USD and increased exports, according to official data. Rebar consumption in…
Iron ore futures fell on Tuesday due to ongoing concerns about weak demand. Weak steel mills' margins and mounting port-side inventories, compounded by increased imports from major miners, dampened market sentiment. The…
Canada has extended the preliminary phase of its antidumping duty investigation into rebar imports from the United Arab Emirates, Bulgaria, and Thailand. Originally expected to conclude by May 3, the investigation now…
Iron ore futures remained nearly unchanged on Monday, rebounding from earlier losses thanks to strong industrial data. Weak steel demand fundamentals, however, limited gains. Profits at China's industrial companies grew…
Thailand's steel industry has faced sluggish sales in the first five months of this year, attributed to reduced construction spending and competition from low-cost Chinese imports, according to Tata Steel (Thailand) Plc…
Turkey's scrap import prices held steady this week at USD 390 per ton CFR, as Turkish mills shifted their attention on finished steel sales. Scrap buying activity was sluggish due to weak demand for finished steel and…
Dalian iron ore futures recovered on Friday, buoyed by Beijing's latest stimulus measure, although demand fundamentals remain weak. Chinese authorities announced the allocation of 300 bln yuan (USD 41.4 bln) in…
Caleotto SPA, a Feralpi Group company specializing in wire rod production for value-added special steel, has selected AIC to upgrade its rolling mill. AIC will supply power control and automation cabinets for the new…
Tosyali Algerie has signed a memorandum of understanding with Algeria's state-owned oil company, Sonatrach, to jointly conduct a feasibility study for producing green hydrogen from renewable energies in Algeria. The…
Steelmaking raw materials and steel futures slumped on Thursday as weak steel demand continued to weigh on market sentiment. According to the China Iron and Steel Association (CISA), daily crude steel output among…
Turkish steel producer Kardemir has launched a new round of rebar sales while keeping prices stable, according to its latest price list. The company is offering rebar in sizes ranging from 12 to 32 mm at TRY 19,550 (USD…
Iron ore and most steel futures extended their losses on Wednesday, pressured by a weakening steel market and ongoing concerns about demand. Higher port-side inventory, despite a slight recent weekly decline, and weak…
Regional steel trading associations in China are seeking a delay in implementing new quality standards for steel rebar, used in construction, following news of the rules' planned September 25 implementation, according…
Japan's Marubeni-Itochu Steel Inc. has agreed to acquire shares in Network Steel Resources, S.A. (NSR), Spain's largest independent steel group, making it an equity-method affiliate. Founded in 2002, NSR specializes in…
UAE's Emirates Steel Arkan has maintained rebar prices for its August production. The company will continue offering rebar (10-40 mm) at AED 2,369 (USD 645) per ton EXW, AED 2,377 (USD 647) per ton CPT Abu Dhabi, and…
Iron ore futures extended losses on Tuesday, with weak demand fundamentals and a lack of stimulus from a key government meeting last week darkening the outlook. China's shaky economic recovery is hampered by weak…
Fives and Poland's Cognor have commissioned a new reheating furnace at the Cognor Ferrostal Labedy plant in Krakow to boost production capacity. The first hot billet was successfully discharged on the first attempt…
Iron ore futures edged lower on Monday as Beijing's policy rate cuts failed to lift market sentiment. China's central bank lowered benchmark interest rates on Monday in an effort to boost economic growth. The one-year…
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