Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Baoshan Iron & Steel Co. (Baosteel), China's largest listed steelmaker, reported a 26.4pct YoY increase in net profit for the first quarter of 2025, reaching 2.434 bln yuan (USD 333 mln), up from 1.926 bln yuan in the…
India is encouraging companies to acquire iron ore, coking coal, and other key raw material assets overseas to support its expanding steel sector, Steel Secretary Sandeep Poundrik said, according to Reuters. "We are…
The South Korean Ministry of Economy and Finance has imposed provisional anti-dumping duties on hot-rolled plate imports from China. The duties, ranging from 27.91pct to 38.02pct, apply to China-origin hot-rolled carbon…
The downward trend in Turkish scrap import prices continued this week, driven by increased availability of scrap cargoes and a cautious buying approach from Turkish steel mills, amid sluggish demand for finished steel…
Turkish steelmaker Kardemir has reduced its rebar prices, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 20,700 (USD 540) per ton ex-works, down from TRY 21,165 (USD 556)…
Pakistan's scrap imports reached 280,635 tons in March 2025, marking a YoY increase of 10.82pct, according to data from the Pakistan Bureau of Statistics (PBS). On a month-on-month basis, imports were up 17.9pct…
Iron ore futures declined on Friday, pressured by persistent concerns over long-term demand, even as near-term buying interest remained solid. The iron ore and steel markets faced headwinds throughout the week due to…
AM/NS Calvert has commissioned SMS group to upgrade the automation system at its high-capacity hot strip mill in Calvert, Alabama, aiming to enhance operational efficiency and bring the facility up to the latest…
Beumer Group South America has secured two contracts from Gerdau S.A. to supply new stockyard equipment to the Gerdau Acominas steel plant in Ouro Branco, Brazil. The scope includes a bridge-type bucket wheel reclaimer…
ArcelorMittal has been selected by Vestas to supply low carbon-emissions heavy plates for the Nordlicht 1 offshore wind farm, part of its ongoing partnership with Vestas to support low-emissions steel production. This…
Turkish steel producer Asil Celik has successfully commissioned its second electro-slag remelting (ESR) furnace, featuring a maximum product diameter of 1,250 mm and a capacity of 30 tons. With the installation now…
International Steels Limited (ISL) of Pakistan reported a significant decline in profitability for the nine months ending March 31, 2024, according to its unaudited financial results for FY25. The company posted a…
Iron ore futures declined on Thursday, as market sentiment remained cautious despite steady short-term demand ahead of the Labour Day holidays. A rebound in iron ore supplies from major miners added pressure to prices…
India aims to produce 300 mln tons of steel by 2030 and position itself as a global export hub, Prime Minister Narendra Modi said at the India Steel 2025 event in Mumbai. To meet rising global demand, he emphasized the…
The Thai Industry Ministry has proposed scrapping the certification standard for steel produced using induction furnaces (IF), citing environmental and quality concerns. Industry Minister Akanat Promphan said IF…
Omani steel manufacturer Al Jazeera Steel Products Co. SAOG posted a 16pct YoY increase in net profit for the first quarter of 2025, according to its unaudited financial results. Net profit rose to OMR 2.1 mln (USD 5.44…
Turkey exported approximately 246,000 tons of welded steel pipes in the first two months of 2025, marking an 8pct YoY decline, according to data from the Turkish Statistical Institute (TUIK). Iraq was the largest…
Iron ore futures jumped on Tuesday, driven by optimism around easing U.S.-China trade tensions and robust near-term demand, which boosted market sentiment. U.S. President Trump signaled a potential softening in the…
India's largest stainless steel producer, Jindal Stainless, in collaboration with clean energy provider AB Energia Solutions Pvt. Ltd., has successfully installed and commissioned a 30.34 megawatt-peak (MWp) solar power…
Fagersta Stainless, part of the Marcegaglia Group since 2023, has signed an agreement with Danieli to install a new stainless steel blooming mill at its historic plant in Fagersta, Sweden. The mill will be capable of…
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