Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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ArcelorMittal has signed a contract with Primetals Technologies to upgrade the automation systems at its compact strip production plant in Sestao, Spain. The project includes a new Level 1 system, a Level 2 automation…
Turkish steelmaker Kardemir has raised billet prices by USD 15 per ton, according to its latest price list. The price for S235JR grade billets is now set at USD 500 per ton EXW, while B420 grade billets are offered at…
Pakistan's Aisha Steel Limited reported losses in the first half of fiscal year 2025, ending December 31, 2024, according to a stock exchange disclosure. The company posted a net loss of PKR 1.7 bln (USD 6 mln), a sharp…
Turkey's billet imports surged in January 2025, more than doubling YoY to approximately 390,900 tons, according to data from the Turkish Statistical Institute (TUIK). Malaysia emerged as the largest supplier, delivering…
Iron ore futures rebounded on Thursday, driven by hopes of seasonal steel demand, though escalating trade tensions capped gains. Market optimism was fueled by expectations of increased steel production following…
Turkish steelmaker Kardemir has released an updated price list for its long steel products. The company has raised the price of 12-32 mm rebar to TRY 20,875 (USD 570) per ton EXW, up from TRY 19,875 (USD 548) per ton…
The Competition Commission of Pakistan (CCP) has issued show-cause notices to International Steel (ISL) and Aisha Steel Mills (ASML) over alleged cartelization in the flat steel market. A final decision will be made…
Iron ore futures declined on Wednesday, erasing gains from the previous session as concerns over potential steel production curbs weighed on market sentiment. Earlier in the day, iron ore prices had been rising amid…
Hyundai Steel, South Korea's second-largest steelmaker by sales, announced it will resume operations at its cold-rolled steel plant this week and restart wage negotiations with its labor union. The facility, part of the…
British Steel's wire rod team has successfully retained its IATF 16949 certification, reaffirming its commitment to quality and reliability, according to a company press release. The annual audit for the Scunthorpe Rod…
Egypt's El Garhi Group has agreed to sell a 26.25pct stake in Misr National Steel (Ataqa) to Al Organi Group, a diversified Egyptian conglomerate, according to a stock exchange filing. The stake will be acquired by Al…
Saudi Arabia's Arabian Pipes Co. (APC) reported a net profit of SAR 168.18 mln (USD 44.8 mln) in 2024, reflecting a 27.3pct YoY increase, according to its stock exchange filing. The profit growth was driven by higher…
Iron ore futures remained largely unchanged on Tuesday as market sentiment was weighed down by uncertainty over steel demand, potential production cuts, and rising global trade tensions. Hopes for major economic…
Liberty Steel UK's Hartlepool pipes division has commenced work on pipeline production for the Net Zero Teesside Power (NZT Power) project at Teesworks, following its contract win last year on the BP-led initiative. In…
Tubacex, a global leader in advanced industrial solutions for the energy and mobility sectors, has signed a USD 50 mln license agreement with the Abu Dhabi National Oil Company (Adnoc), granting its usage rights for its…
Iron ore futures fell on Monday, giving up early gains as concerns over demand overshadowed optimism about potential stimulus measures from Beijing. The uncertainty stemmed from possible crude steel output restrictions…
Turkey's scrap import prices continued to rise this week, reaching USD 365-375 per ton CFR, up from USD 360-365 per ton CFR last week. The upward trend is driven by higher collection costs and strong market sentiment in…
Turkish steel producer Kardemir has announced a strategic partnership with U.S.-based Amsted Rail Company Inc., according to a stock exchange filing. The company has signed a memorandum of understanding (MoU) with…
Iron ore futures rose slightly on Friday, ending a nine-session losing streak, as rising steel output and improving demand provided support. However, concerns over potential steel production curbs and escalating…
China's steel exports rose 6.7pct YoY in the first two months of 2025, reaching 16.97 mln tons, according to the General Administration of Customs. Despite strong export figures, the outlook for Chinese steel remains…
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