Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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India's state-owned iron ore miner NMDC reported a 17.8 pct YoY increase in production, reaching 4.62 mln tons in February 2025, up from 3.92 mln tons in the same month last year, according to a stock exchange filing…
ArcelorMittal South Africa (ArcelorMittal SA) will halt long steel production by the end of the second quarter of 2025 after failing to reach an agreement with the government to prevent the plant's closure. The company…
Turkey's scrap import prices increased this week as local steel mills booked new shipments at higher rates. Prices are now assessed at USD 360-365 per ton CFR, up from USD 350-360 per ton CFR, last week. The upward…
Turkish steelmaker Kardemir has released its latest price list for billet and wire rod. The price of S235JR grade billets has been set at USD 485 per ton EXW, marking a USD 5 per ton decrease from the previous…
Egypt's Holding Company for Maritime and Land Transport has signed a memorandum of understanding with A.P. Moller - Maersk A/S to establish the country's first ship recycling project at Damietta Port. Deputy Prime…
Iron ore futures fell on Friday, weighed down by concerns over U.S. tariffs and escalating trade frictions affecting Chinese steel exports. U.S. President Donald Trump announced plans to impose a new 10pct tariff on all…
Baosteel Desheng Stainless Steel Co., Ltd., a subsidiary of China Baowu Steel Group, has issued the Final Acceptance Certificate (FAC) to SMS Group for the successful completion of its Vacuum Oxygen Decarburization…
Rourkela Steel Plant (RSP), a unit of the state-owned Steel Authority of India Limited (SAIL), has commenced construction on its 2 mln tons per annum pellet plant. On February 14, 2025, RSP signed a contract with a…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) reported a substantial increase in net profit for 2024, reaching SAR 9.86 mln (USD 2.62 mln), more than doubling from SAR 4.24 mln in the previous year. Revenue also…
The Libyan Iron and Steel Company (LISCO) announced two export shipments to Turkey and Morocco. The vessel Gemini Capo is currently being loaded with 10,000 tons of Hot Briquetted Iron (HBI) bound for Turkey, while the…
Iron ore futures fell on Thursday as a deteriorating outlook for Chinese steel exports fueled demand concerns. Key markets for Chinese steel, including Vietnam and South Korea, recently announced anti-dumping measures…
Vinton Steel LLC, the U.S. subsidiary of Kyoei Steel, has awarded Tenova a contract to supply a new melt shop at its El Paso, Texas, facility. Tenova, a leader in sustainable solutions for the metals industry, will…
Outokumpu, a global leader in sustainable stainless steel, has signed an off-take agreement with Canadian mining company Greenland Resources Inc. for the future supply of a key raw material at competitive prices. The…
Saudi Iron and Steel Company (Hadeed) has lowered its long steel prices by SAR 50 (USD 13) per ton for March deliveries. The new pricing sets rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm)…
EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has launched its Asset Enhancement Programme, a strategic initiative with a capital expenditure of approximately USD 170…
The Pakistan Federal Board of Revenue (FBR) has withdrawn the Export Facilitation Scheme (EFS) 2021 for iron and steel scrap importers to prevent misuse and strengthen tax enforcement. Under the revised regulations…
Iron ore futures continued to decline on Wednesday as market sentiment was weighed down by speculation about potential steel production cuts in China. According to several Chinese steel traders, the government is…
India's Welspun Corp has established a wholly-owned subsidiary, Welspun Europe S.A., in Spain to strengthen its export presence across all business verticals, according to the company's exchange filing. Welspun…
British Steel has developed a new rail profile in collaboration with Infrabel, Belgium's railway infrastructure operator, the company announced in a press release. Engineers at British Steel's Scunthorpe Rail and…
The UK's Trade Remedies Authority (TRA) has proposed extending anti-dumping and countervailing measures on organic coated steel imports from China until May 2029. In its preliminary findings, the regulator determined…
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