Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Taiwan's Customs Administration has extended anti-dumping duties on cold-rolled stainless steel from China and South Korea for another five years. The tariffs, set at 38.11pct for Chinese imports and 37.65pct for South…
The European Commission (EC) has released its preliminary findings on the anti-dumping investigation into hot-rolled flat steel imports from Egypt, India, Japan, and Vietnam. As a result, the EC has proposed provisional…
Saudi Arabia's Group Five Pipe posted a significant surge in net profit, reaching SAR 38.5 mln (USD 10.2 mln) in 2024, compared to SAR 9.37 mln in the previous year, according to a stock exchange filing. Revenues more…
Turkey's rebar exports soared to 415,600 tons in the latest reporting period, marking a significant increase of over 55pct YoY, according to data from the Turkish Statistical Institute (TUIK). Month-on-month, exports…
Iron ore futures declined on Tuesday as weak property sector data cast doubt on demand recovery. However, firm steel demand and lower shipments from major iron ore miners helped limit losses. Latest property market…
Tokyo Steel, Japan's leading EAF-based steel producer, has announced price adjustments for April sales. HRC prices have been reduced by JPY 3,000 (USD 20) per ton to JPY 89,000 (USD 598) per ton, while pickled and oiled…
The European Commission is considering export duties of up to 25pct on scrap metal to support the domestic industry amid concerns over trade disruptions from U.S. tariffs, according to a draft EU plan seen by Reuters…
The global long steel market is facing unprecedented protectionist measures, with governments worldwide imposing tariffs and trade barriers, according to the latest outlook from the International Rebar Producers and…
Turkish steel manufacturer Kocaer Celik reported a sharp decline in net profit for 2024. In a stock exchange filing, the company announced a net profit of TRY 83.12 mln (USD 2.26 mln), a significant drop from TRY 1.7…
Kandil Steel, a leading flat steel manufacturer in the Middle East, is expanding its production capacity with significant factory upgrades. According to Egypt's State Information Service, Prime Minister Moustafa…
Iran's steel production has faced a 6.7pct decline in the first 11 months of the current Iranian calendar year (March 2024-February 2025), according to the Iranian Steel Producers Association (ISPA). The downturn has…
Iron ore futures fell on Monday as weak steel output and struggling property data in China raised concerns about demand for the key steelmaking raw material. According to China's National Bureau of Statistics (NBS)…
SMS group has successfully upgraded the automation system of Hot Strip Mill No. 1 at PT Krakatau Steel Persero (PTKS) in Cilegon, Indonesia, marking a key milestone with the production of the first sellable coil. This…
Turkey's scrap import prices continued to rise this week, reaching USD 370-380 per ton CFR, up from USD 365-375 per ton CFR last week. The price increase is driven by higher collection costs, a stronger Euro against the…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have reduced CRC and galvanized coil prices by PKR 15,000 (USD 53) per ton, effective March 11, 2025. This marks the first price…
Turkey's scrap imports fell 20pct in January 2025 YoY, according to data from the Turkish Statistical Institute (TUIK). The country imported 1.5 mln tons during the period, down from 1.8 mln tons in the same month last…
Morocco's Ministry of Industry and Commerce has initiated an anti-dumping investigation into galvanized wire imports from Egypt and the United Arab Emirates, as announced in a public notice. The probe follows a…
Iron ore futures surged on Friday, driven by expectations of increased steel production and strong domestic demand. Seasonal demand continues to rise during the peak construction season in March, as reflected by…
Pacific Steel Group (PSG) is developing a MIDA Hybrid QLP-DUE minimill in Mojave, California, incorporating Danieli-patented technologies and on-site renewable energy. Spanning 255,000 sqm, the facility will have the…
Steel producer Dillinger, in collaboration with Saarland University, RWTH Aachen University, and industry partners, has developed new high-performance steel types as part of the HL Steel Plate research project. Funded…
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