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 remained unchanged this week in a quiet market. Turkish mills postponed buying activity due to a slowdown in demand in the finished steel segment. Scrap import prices in Turkey are assessed…
Qatar Steel, the leading steel-making company in Qatar, has signed a 5-year agreement with Qatar Navigation Q.P.S.C. (Milaha), the industry-leading provider of maritime and logistics solutions, to provide stevedore…
Pakistan's Large-Scale Manufacturing (LSM) sector witnessed a 7.33pct YoY growth in May, marking its sixth consecutive monthly increase, according to the Pakistan Bureau of Statistics. The LSM sector also grew by…
Iron ore futures fell on Friday due to weak seasonal demand for steel and a lack of stimulus measures from Beijing. Commodity markets were underwhelmed as the government's key meeting this week failed to signal any…
Italy's Pittini Group has signed a contract with Danieli to upgrade its two-strand wire rod mill and add a new bar finishing facility at the Acciaieria di Verona plant. The upgrade will enable the production of bars…
Turkish steel manufacturer Kardemir has opened a new round of billet sales at higher prices, according to its latest price list. The company is offering S235JR grade billets at USD 540 per ton EXW and B420 grade billets…
Iron ore futures extended their losses on Thursday, pressured by ongoing weak steel demand. Traditionally, steel demand slows during the summer, but it has been further impacted by heavy rainfall in several regions of…
Tokyo Steel, a major EAF-based steel producer in Japan, has decided to maintain stable steel prices for July, marking the sixth consecutive month of price stability. The company will hold prices steady, with HRC at JPY…
Emirates Steel, part of Emirates Steel Arkan Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a partnership with Eversendai, a global leader in steel…
Iron ore and steel futures slumped on Wednesday as weak demand fundamentals continued to weigh on market sentiment. Weak steel mill margins, driven by sluggish steel demand and mounting iron ore port-side inventory…
ArcelorMittal Poland placed an order in 2021 with Primetals Technologies for a gas cleaning plant for its blast furnace No. 2 in Dabrowa Gornicza, Poland. Recently, ArcelorMittal granted the final acceptance certificate…
Iron ore futures declined on Tuesday as demand concerns overshadowed persistent hopes for stimulus measures. According to recent data from the China Iron and Steel Association (CISA), major member steel producers…
JFE Steel Corporation announced that its JGreeX green-steel wire rod will be used for the wire handles of "LOOPOX" containers, designed for storing and transporting recycled resources. This marks the first use of JGreeX…
Oman's Al Jazeera Steel Products Co. has ordered two tying machines from ATS Mechatronics, a division of the AIC Group. The TMB400 tying machine boasts the fastest tying cycle on the market at 6.8 seconds. While the…
Iron ore futures rose on Monday as disappointing economic data fueled hopes for additional stimulus measures from a key meeting this week. China's economy grew 4.7pct YoY in the second quarter, according to official…
Turkey's scrap import prices remained stable as buying activity slowed significantly. This slowdown was driven by weak demand in the finished steel segment and suppliers' resistance to lowering prices. Turkish finished…
Iron ore futures inched up on Friday, driven by expectations of stimulus despite weak fundamentals. Commodity markets are anticipating the announcement of stimulus measures at a key government meeting next week…
British Steel's Teesside Beam Mill has successfully completed its GBP 1.4 mln (USD 1.8 mln) summer maintenance and improvement program. David Hogg, Plant Manager for Northern Mills, announced that rolling has resumed…
Egypt's steel producer, Ezz Steel, reported a profit in the first quarter of 2024, according to the company's financial statement. The company recorded a profit of EGP 1.26 bln (USD 26.2 mln), compared to a loss of EGP…
Iron ore futures recovered on Thursday as the market anticipates Beijing to unveil stimulus measures in a key meeting scheduled from July 15 to July 18. The expectation of stimulus measures is further fueled by…
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