Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The global long steel products market faces significant pressure due to rising Chinese exports, which show no signs of slowing. The latest outlook from the International Rebar Producers and Exporters Association…
Turkey imported 20 mln tons of scrap in 2024, a 6.7pct YoY increase, according to the Turkish Statistical Institute (TUIK). The U.S. remained Turkey's top scrap supplier, delivering around 4.5 mln tons. The Netherlands…
Saudi Arabia's Al Yamamah Steel Industries Co. reported a sharp decline in net profit for Q1 FY25, which ended on December 31, 2024, according to its interim financial results. Net profit plunged 84.4pct year-on-year to…
Tenaris's Abu Dhabi facility has been certified as an Industry 4.0 Digital Leader by the UAE's Ministry of Industry and Advanced Technology (MoIAT). The certification highlights the company's commitment to advanced…
Iron ore futures rose on Monday as improving market fundamentals boosted sentiment, despite renewed tariff threats from U.S. President Trump. Trump announced plans to impose new 25pct tariffs on all steel and aluminum…
Tubacex has secured a EUR 40 mln (USD 41.2 mln) contract from Brazil's Petrobras to supply premium materials for gas extraction operations. This deal strengthens Tubacex's role as a key supplier of corrosion-resistant…
Future Forgeworks, a Brisbane-based steel manufacturer, has commissioned SMS group to supply Australia's first Continuous Mill Technology (CMT 350) mill for its Swanbank Green Steel Mill Project. The facility will…
Turkey's scrap import prices continued to rise this week as Turkish steel mills booked new cargoes at higher rates. Prices were assessed at USD 345-355 per ton CFR, up from USD 340-350 per ton CFR last week. The…
Iron ore futures extended gains on Friday, driven by improved market fundamentals and positive sentiment. Steel production increased this week following the Chinese New Year holidays, with several blast furnaces ramping…
Chinese steelmaker Yukun Iron and Steel Group has successfully produced 145-mm-thick slabs at its new Danieli QSP-DUE plant in Yuxi, Yunnan province, setting a record for direct casting and rolling facilities. This…
Malaysia has launched an anti-dumping investigation into galvanized steel imports from China, South Korea, and Vietnam. The probe follows a petition filed on January 7 by CSC Steel Sdn Bhd with the Ministry of…
ArcelorMittal has announced plans to build an advanced non-grain-oriented electrical steel (NOES) manufacturing facility in Alabama. The plant, fully owned by ArcelorMittal, will have an annual production capacity of up…
Iron ore futures rose on Thursday, driven by concerns over supply disruptions in Australia. Rio Tinto, a major iron ore supplier, announced that it had begun clearing vessels from two Western Australian ports as it…
Turkish steelmaker Kardemir has raised its rebar and wire rod prices, reflecting the recent uptrend in scrap prices. The company now offers 12-32 mm rebar at TRY 20,415 (USD 567) per ton EXW, up from TRY 19,460 (USD…
ADQ, a global sovereign investor focused on infrastructure and supply chains, has partnered with Orion Resource Partners, a leading metals and materials investment firm, to launch a 50-50 joint venture in Abu Dhabi. The…
Iron ore futures declined in post-holiday trading on Wednesday, as the market opened cautiously, assessing trade tensions between the U.S. and China and the near-term outlook for steel demand. The latest round of…
Fujian Kebao Metal Products Co., Ltd., a subsidiary of Fujian Sanbao Group, has awarded SMS contracts for two tinplate continuous annealing lines (TIN CALs). This move supports Sanbao Group's expansion into the…
According to the latest data from the World Stainless Association (Worldstainless), global stainless steel production in melt shops increased by 5.4pct YoY in the first three quarters of 2024, reaching 46.092 mln tons…
Turkish special steel bar producer Hascelik is preparing to launch its new electric arc furnace (EAF)-based steel mill in April, a move aimed at reducing its carbon footprint. Hascelik Board Chairman Adnan Naci…
Pakistan's Federal Board of Revenue (FBR) has extended the regulatory duty on certain flat steel imports until March 31, 2025, to support the local steel industry. The decision follows recommendations from the Tariff…
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