Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's scrap import prices remain under pressure due to weak steel sales. This week, scrap import prices were assessed at USD 325-335 per ton CFR, down from USD 340-345 per ton CFR last week. Turkish steel mills are…
Turkish steelmaker Kardemir successfully sold a substantial quantity of rebar and closed sales on the same day after reducing its prices in the latest price list issued on January 16. In this round, the company offered…
Turkey imported 9.08 mln tons of iron ore in the first 11 months of 2024, a 14pct increase compared to the same period in the previous year, according to the Turkish Statistical Institute (TUIK). Brazil remained…
Vale S.A. has signed a land reservation agreement with the Royal Commission of Jubail and Yanbu, Saudi Arabia, to establish a mega hub at Ras Al-Khair Industrial City. The project, set to be developed in two phases…
Pakistan's Large-Scale Manufacturing (LSM) sector contracted by 1.25pct YoY in the first five months of FY25 (July-November), according to data from the Pakistan Bureau of Statistics. LSM output decreased by 3.81pct in…
Iron ore futures prices rose on Friday, driven by a batch of improved economic indicators that boosted market sentiment. China's December economic data significantly outperformed analysts' expectations, with Q4 GDP…
Canon Inc. has started incorporating recycled steel into its printing products, including office multifunction devices (MFDs), inkjet printers, and commercial presses, with plans to expand usage in 2025. By using…
Indian pipe producer Welspun Corp has signed a Memorandum of Understanding (MoU) with Saudi Aramco for strategic cooperation to establish a state-of-the-art LSAW (Longitudinal Submerged Arc Welded) line pipe…
Turkey imported approximately 3.59 mln tons of slab in the first 11 months of 2024, marking a 40.4pct increase compared to the same period last year, according to the Turkish Statistical Institute (TUIK). Russia was the…
Iron ore futures surged on Thursday as market fundamentals strengthened, driven by reports of recovering steel production and reduced shipments from a major miner. China's crude steel output, among the member mills of…
Hydnum Steel, the first steelmaker to produce green steel in the Iberian Peninsula region, will supply Gonvarri Industries with green steel worth an estimated EUR 1 bln (USD 1.03 bln) over the next seven years. This…
Aperam S.A., a global leader in stainless and specialty steel solutions and recycling, and Universal Stainless, a leading supplier in the aerospace and industrial sectors in the USA, announced that Universal Stainless &…
Rio Tinto has reported a slight decline in its fourth-quarter and full-year iron ore shipments from the Pilbara region. The miner exported 85.7 mln tons of iron ore in Q4 2024, down 1pct YoY. Total annual shipments…
Turkey imported 3.26 mln tons of billets from January to November 2024, marking a 12pct YoY increase, according to the Turkish Statistical Institute (TUIK). Russia was the top supplier during this period, providing…
Pakistan's federal government is likely to extend the 5pct and 10pct regulatory duties on flat steel products until March 31, 2025, to protect the local steel industry, according to sources close to the Secretary of…
Iron ore futures posted gains on Wednesday, driven by improved macroeconomic fundamentals. Chinese banks extended 990 bln yuan (USD 135 bln) in new loans last month, up from 580 bln yuan in November 2024, positively…
Voestalpine has selected international technology group Andritz to modernize the electrical and automation systems of a hot-dip galvanizing line at its steel mill in Linz, Austria. This processing line, operational…
Turkey's HRC imports totaled approximately 3.3 mln tons in the first 11 months of 2024, marking a 16pct decrease compared to the same period last year, according to the Turkish Statistical Institute (TUIK). In Jan-Nov…
Iron ore futures extended their gains on Tuesday, bolstered by expectations of additional stimulus from Beijing. China plans to introduce various measures to counter the effects of anticipated U.S. tariffs and a…
Chinese steel producer, Shougang Jingtang United Iron & Steel has successfully trialed the production of 0.7 mm ultra-thin HRC at its QSP-DUE plant in the Caofeidian industrial area, Tangshan City, Hebei Province. This…
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