Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Oman’s Jindal Shadeed Iron and Steel (JSIS), the largest privately-owned integrated steel producer in the GCC region, has announced a comprehensive set of initiatives aimed at significantly reducing its carbon dioxide…
On Wednesday, Dalian iron ore futures continued their upward trajectory, driven by market optimism surrounding potential stimulus measures following the recent interest rate cut by the People's Bank of China (PBOC). The…
Nucor Steel Utah long-product rolling mill is producing spooled bars in coils in endless mode thanks to the installation of a K-Welder and a spooler line, supplied by Danieli. Coils weighing up to 5 tons of rebar #3 to…
UAE's steel exports to the United States declined by nearly 35 pct YoY to 77,236 tons in the first four months of 2023. In Jan-Apr 2023, UAE's pipe was the major product exported in the given period to the United…
Pakistan's Agha Steel Industries has entered into a collaborative agreement with Mount Khalid to provide G80 ultra-high-strength rebars for a significant residential project in Islamabad. This partnership marks a…
Dalian iron ore futures rebound on Tuesday following the Chinese central bank's decision to reduce a key short-term policy rate aimed at supporting the country's sluggish post-pandemic recovery. The People's Bank of…
Taiwan’s E-Sheng Steel Co. has decreased the prices of merchant bars by TWD 500-800 (USD 16-26) per ton. Following this adjustment, the new prices for angle (SS400) and flat bar (A36/SS400) range from TWD 25,800-26,800…
Turkish rebar exports experienced a significant decline in April 2023, according to data from TUIK. The exports dropped by 24pct compared to the previous month and over 65pct on a YoY basis. Buyers showed little…
Dalian iron ore futures declined on Monday due to uncertainties surrounding the steel demand outlook caused by challenges in the property sector. The property sector is expected to face long-lasting weaknesses…
ArcelorMittal Kryvyi Rih, Ukraine's largest steelmaker, is shutting down its steel smelting and rolling operations due to restrictions on water supplies after the breach of the Kakhovka dam. ArcelorMittal Kryvyi Rih has…
Turkey’s scrap import prices increased over the past week as mills booked cargoes at higher rates. Scrap import offers for Turkish market are at about USD 390 per ton CFR, marking an increase of USD 5-10 per ton…
Turkish wire rod exports experienced a significant decline in April, dropping by 17.8pct compared to the previous month, with a YoY decrease of over 70pct. Among the destinations, Israel stood out as the top receiver of…
Dalian iron ore futures extended their gains as concerns regarding a tepid economic recovery and disappointing economic data heightened expectations of stimulus to propel the economy. The fragile state of China's…
Voestalpine Group, based in Austria, reported a 22.1pct YoY increase in revenue, reaching EUR 18.2 bln (USD 19.5 bln) for the business year 2022/23, ended on March 31, 2023. The company stated that this revenue figure…
According to a short-range outlook from the International Rebar Producers and Exporters Association (Irepas), the global long steel products market remains challenged by an unfavorable balance between supply and demand…
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