Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures surged on Thursday, driven by strong steel demand and improved market sentiment. According to market insiders, domestic steel demand remains robust, particularly in the rebar segment, where trades have…
Primetals Technologies has received the final acceptance certificate (FAC) for its digital assistant systems at SSAB's Hameenlinna plant in Finland, marking the first use of its digital solutions for coil identification…
Romania's ArcelorMittal Hunedoara has announced a temporary suspension of operations until March 31, 2025, citing rising energy prices and economic difficulties, according to local media reports. In response to these…
MMK Trading House has begun a major upgrade of its warehouse site in Magnitogorsk to enhance efficiency and improve customer service. The facility supports prompt deliveries from an inventory of over 10,000 steel…
Turkish steelmaker Kardemir has lowered its rebar and wire rod prices in response to weak domestic steel demand. The company now offers 12-32 mm rebar at TRY 19,875 (USD 548) per ton EXW, down from TRY 20,415 (USD 567)…
Turkey's wire rod exports reached 919,900 tons in 2024, up 27pct YoY, according to the Turkish Statistical Institute (TUIK). Romania was the largest buyer, importing around 310,500 tons, followed by Bulgaria with 81,650…
Iron ore futures extended gains on Wednesday, driven by cautious optimism over improving steel demand and expectations of stimulus measures. China's iron ore imports are expected to be impacted by recent supply…
Ilsenburger Grobblech GmbH, a subsidiary of Salzgitter AG, has signed a contract with wind turbine manufacturer Siemens Gamesa to supply around 25,000 tons of heavy plate for 36 wind towers. These towers, known as…
Rodacciai has completed the upgrade of its rolling mill at the Sirone plant with AIC (Automazioni Industriali Capitanio), marking a key step in its modernization efforts. The project involved relocating and upgrading…
Turkey's Kardemir has ordered a five-strand combi-continuous caster from SMS Concast, a subsidiary of SMS group, to upgrade production at its Karabuk steel plant. The new facility is set to begin operations by late…
Three Emirati steel firms have filed a petition with the Bombay High Court in India, alleging illegal imports of steel scrap from the UAE, according to Indian media reports. Shattaf Steel Ind Co LLC, Emirates Steel LLC…
Iron ore futures rebounded on Tuesday as improving steel demand lifted market sentiment. Industry insiders noted a pickup in downstream steel consumption this week, providing further support to iron ore prices. Adding…
Welspun Corp, an Indian pipe producer, has secured major orders in the US worth INR 3,000 crore (USD 345.5 mln) for natural gas pipeline projects, according to a stock exchange filing. The company has received orders…
South Korean special steel producer Seah Besteel is intensifying its global market expansion by developing specialized steel wire rod materials for the energy sector. The company recently announced the successful…
Olympic Steel, Inc. has placed an order with international technology group Andritz for a state-of-the-art cut-to-length line at its facility in Minneapolis, Minnesota. This new line will enhance Olympic Steel's…
Turkey's leading steel producer, Erdemir Group, reported a net profit of TRY 14.19 bln (USD 391.6 mln) in 2024, more than tripling from TRY 4.32 bln in 2023. Sales revenue also saw strong growth, rising to TRY 204 bln…
EMSTEEL, one of the GCC's largest publicly traded steel and building materials manufacturers, has announced a decarbonization strategy targeting a 40 pct reduction in greenhouse gas emissions in its Steel Business Unit…
The Pakistan Collectorate of Customs (Appraisement) has authorized the import of iron scrap via the Bazarcha Terminal at the Pakistan-Iran border, according to Dawn News. A public notice issued by Kaleem Ullah, the…
Iron ore futures fell on Monday as supply concerns eased following the reopening of Western Australia's Port Hedland, the world's largest iron ore hub. The port resumed operations after Tropical Cyclone Zelia passed…
Taiwan's China Steel Corp (CSC) has decided to maintain domestic prices for most steel products in March, citing the need to hedge against risks following the new US tariffs. As a result, prices for commercial-grade HR…
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