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 witnessed a significant decline as buyers secured cargoes at lower prices. Scrap import offers for the Turkish market now stand at about USD 355 per ton CFR, marking a decrease of USD 10-15…
Iron ore futures posted gains on Thursday amid expectations of further stimulus measures by the Chinese government to bolster the struggling economy. Deputy head of the state economic planner, Li Chunlin, announced that…
Danieli has received an order from Stahl Gerlafingen to supply and install a K-Weld machine at its plant in Switzerland. The new Danieli billet welding machine will be seamlessly integrated with the new reheating…
Turkish steel producer, Kardemir has announced new rebar prices, according to its latest price list. The company has implemented a price reduction for rebar sizes ranging from 12-32 mm, setting the new rate at TRY…
Dalian coking coal futures increased sharply on Wednesday following the disclosure of fatal accidents at coal mines in Shanxi and Liaoning provinces. These incidents have sparked concerns over the potential impact on…
Commercial Metals Company (CMC) has received approval from the West Virginia Department of Environmental Protection to proceed with the construction of its micro mill. With the necessary permit secured and land…
Jindal Group and Vulcan Investments, an industrial conglomerate based in Oman, successfully completed the acquisition of Sohar Steel after an extensive and notable three-year hiatus. This achievement serves as a pivotal…
Turkish steel producer, Kardemir, has released its sales allocation plan for July to September 2023. The company has decreased sales allocation for all products except wire rod as compared to the previous quarter. As…
Iron ore futures experienced a decline on Monday due to disappointing Chinese economic data, which dampened market sentiments. According to the National Bureau of Statistics (NBS), China's gross domestic product (GDP)…
Huaigang Special Steel has chosen Danieli Industrial Automation's China-based branch for a comprehensive upgrade of their bar mill's automation and drives control system, which was originally supplied by Danieli in…
Turkey's scrap import prices continue to face downward pressure as the demand for finished steel remains lackluster. Scrap import offers for the Turkish market are in the range of USD 365-370 per ton CFR, representing a…
Turkish rebar exports experienced a recovery in May 2023, with a nearly 24pct increase compared to the previous month. However, when compared to the same month last year, the exports almost halved, according to data…
Iron ore futures continued their upward trajectory on Friday, supported by expectations of additional stimulus measures. China's post-pandemic recovery has significantly slowed after a strong start in the first quarter…
Turkey's major steel producer, Kardemir has decreased steel sections prices, according to the company's new price list. The company's latest price range for IPE-NPU (160-550 mm) now stands at USD 700-820 per ton EXW…
Emirates Steel Arkan, a leading publicly traded manufacturer of steel and building materials in the region, and Al Jazeera Steel Product Company, a major steel producer in Oman, have signed a Memorandum of Understanding…
ATS Mechatronics, an Italian equipment supplier, has successfully completed the installation of TMB 400-45 tying machines at Al Jazeera Steel facility in Oman. These two automatic tying machines will be integrated into…
Iron ore prices continued to climb on Thursday, bolstered by expectations of additional stimulus measures and dwindling inventory levels at Chinese ports. However, concerns over weakening export data dampened demand…
Bangladesh's production of crude steel has experienced a significant decline, reaching a three-year low of 5.2 mln tons. This situation is indicative of reduced demand for primary construction materials due to decreased…
Turkish steel producer, Kardemir has reduced billet and wire rod prices, according to its latest price list. The company’s S235JR grade billet is now offered at USD 525 per ton EXW, a decrease from the previous rate of…
Iron ore and steel futures experienced gains on Wednesday, buoyed by positive market sentiments driven by expectations of additional stimulus measures and robust loan data. The China Securities Journal, a state-backed…
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