Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for May production will remain unchanged for the fourth consecutive month. The company has set the rebar price at AED 2,660 (USD 724)…
Al Gharbia Pipe Company (AGPC), an Abu Dhabi-based manufacturer of longitudinally submerged arc welded (LSAW) steel pipes, has reached a significant production milestone of 500,000 tons at its facility in Khalifa…
Turkey imported approximately 212,000 tons of pig iron in the first two months of 2025, marking a 26pct YoY decline, according to data from the Turkish Statistical Institute (TUIK). Russia remained the top supplier…
Iron ore futures posted modest gains on Tuesday, supported by near-term demand, even as market sentiment remained cautious due to a rise in protectionist measures targeting Chinese steel exports. India recently imposed…
Hyundai Steel has become the first Korean steelmaker to receive U.S. quality certification for steel products used in nuclear reactors, marking a significant step toward entering the U.S. and global nuclear markets. The…
Clariant, a specialty chemicals company focused on sustainability, has renewed and expanded its partnership with Midrex to further collaborate on direct reduced iron (DRI) technology for low-carbon steel production. The…
Vallourec, a global leader in premium seamless tubular solutions, has secured a major contract with Allseas to supply line pipes for the Buzios 10 offshore project, operated by Petrobras. The deal covers nearly 18,000…
Turkey's Borcelik, a leading flat steel producer, is facing provisional anti-dumping duties of 22.9pct on its corrosion-resistant steel exports to Canada, following a preliminary determination by the Canada Border…
Iron ore futures rose on Monday, supported by resilient short-term demand and optimism over potential stimulus measures, even as long-term demand concerns persisted. Chinese steel production remained elevated…
India has imposed a 12pct safeguard tariff on certain flat steel imports in a bid to curb a surge in shipments and protect domestic producers, according to a Ministry of Finance notification. The duty, effective…
Bansal Wire Industries, a leading Indian manufacturer of stainless steel (SS) and galvanized iron wires, has inaugurated its expanded SS wire facility in Dadri, Uttar Pradesh. With this expansion, the plant's annual…
Hyundai Motor Group and Posco Group have deepened their collaboration with a strategic focus on steel, aiming to enhance global competitiveness and secure supply chains in North America. Under the agreement, Posco will…
Turkish scrap import prices continued to decline this week, pressured by weak demand for finished steel. Prices were assessed at USD 345-350 per ton CFR, down from USD 365-370 per ton the previous week. The decline is…
Vale's iron ore pellet production in Oman rose 15.2pct YoY in Q1 2025, reaching 1.974 mln tons. However, this marked a 26.3pct decline compared to the previous quarter. Globally, Vale's total iron ore output fell 4.5pct…
Pakistan's Large-Scale Manufacturing (LSM) sector contracted by 3.51pct YoY in February 2025, continuing a downward trend that has persisted since August 2024, with the exception of October, according to the Pakistan…
Iron ore futures declined on Friday, pressured by ongoing concerns over the global demand outlook, even as short-term demand remains relatively strong. Trade tensions between Beijing and Washington, coupled with…
China Steel Corp (CSC), Taiwan's largest steelmaker, announced it will keep domestic flat steel prices unchanged for May 2025. The decision follows similar moves by China's Baowu Steel, which is maintaining prices for…
Nucor Corporation, the largest steel producer in the U.S., has awarded Fives a contract to install a new continuous galvanizing line at California Steel Industries (CSI) in Fontana, California. CSI is a joint venture…
Tenaris has renewed its commercial agreement with Ecopetrol, Colombia's largest energy company, extending their long-standing partnership for an additional two years. The collaboration, which spans over 15 years…
The Pakistan Association of Large Steel Producers (PALSP) has strongly opposed the Federal Board of Revenue's (FBR) draft SRO 592(1)/2025, which seeks to reinstate the Export Facilitation Scheme (EFS) for the iron and…
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