Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey imported approximately 2 mln tons of iron ore in the first quarter of 2025, marking a 17pct decline compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). Brazil…
Iron ore futures declined on Monday, pressured by weak economic indicators from China that raised concerns over demand. China's economy showed signs of losing momentum in April amid ongoing trade tensions with the U.S…
Jindal (India) Limited, a key player in India's downstream steel sector and part of the B.C. Jindal Group, has entered the steel section pipes and tubes market with a ₹100 crore (USD 11.68 mln) investment aimed at…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, has announced it will keep its product prices unchanged for June, reflecting ongoing global and domestic market challenges. The company's HRC prices…
Malaysia Steel Works (KL) Bhd (Masteel) has signed a Memorandum of Understanding (MoU) with Ace Gases Marketing Sdn. Bhd., a subsidiary of Kelington Group Berhad, and Universiti Tunku Abdul Rahman (UTAR) to advance…
Turkey's scrap import market extended its upward trend this week, supported by a series of new bookings at higher price levels. Current import prices are assessed at USD 340-345 per ton CFR, up from USD 335-340 per ton…
Vale has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) during Oman Sustainability Week, marking a key step in its strategy to decarbonize operations and transition to renewable energy in Oman. The…
Watani Iron Steel Co. (Watani Steel) reported a net profit of SAR 2.9 mln (USD 0.77 mln) for the first quarter of 2025, down 42pct from SAR 4.9 mln in the same period last year. Sales revenue declined 17.8pct YoY to SAR…
Pakistan's large-scale manufacturing (LSM) sector grew by 1.79pct YoY in March 2025, according to data from the Pakistan Bureau of Statistics (PBS). However, on a monthly basis, LSM output fell sharply by 4.64pct…
Iron ore futures slipped on Friday as cautious demand outlook weighed on market sentiment. Earlier in the week, commodity markets had rallied, supported by easing tensions between Beijing and Washington. A decline in…
Knauf Interfer has acquired a majority stake in the H. D. Lenzen Group, based in Hagen, boosting its steel division by expanding into strip finishing. The acquisition was completed via a share deal by Knauf Interfer…
UAE-based EMSTEEL, one of the region's leading publicly traded steel and building materials manufacturers, has announced its financial results for Q1 2025. The group reported revenue of AED 2.155 bln, up slightly from…
ArcelorMittal Tubular Products Jubail has secured full financial backing from leading commercial banks in Saudi Arabia for its heat treatment and advanced premium OCTG finishing line expansion. The expansion will add…
Iron ore futures posted gains on Thursday, supported by a positive near-term demand outlook following a major easing in trade tensions between the United States and China. However, lingering concerns over long-term…
Tenaris has invested USD 8 mln to upgrade safety and boost automation at its Sault Ste. Marie industrial center in Ontario, as part of a broader USD 72.5 mln modernization plan launched in 2024. The investment includes…
Danieli has announced the final acceptance of a new billet reheating furnace at the Stahlwerk Annahutte Max Aicher plant in Ainring-Hammerau, Germany. Supplied by Danieli Centro Combustion, the 80 tph furnace exceeded…
Stegra CEO Henrik Henriksson announced an agreement in principle with LKAB to begin test deliveries of iron ore pellets by late 2026, following railway track upgrades. The tests aim to validate logistics ahead of…
Turkish steelmaker Kardemir has increased prices for its long steel products, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 21,550 per ton EXW (USD 555), up from TRY 21,000…
Iron ore futures jumped on Wednesday, driven by positive market sentiment following a significant easing of trade tensions between the United States and China earlier this week. Beijing and Washington announced major…
Britain's Trade Remedies Authority (TRA) has recommended imposing country-specific caps on certain steel imports to safeguard the domestic steel industry. The proposed caps would take effect from 1 October 2025, giving…
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