Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Steel Authority of India (SAIL) and John Cockerill India plan to invest nearly INR 6,000 crore (USD 693 mln) to establish a downstream plant for producing cold-rolled grain-oriented (CRGO) and cold-rolled non-oriented…
Kardemir, one of Turkey's leading steel producers, has updated its pricing for steel sections. The company now offers IPE-NPU sections at USD 680-875 per ton EXW for sizes ranging from 180 to 600 mm, down slightly from…
Saudi Arabian flat steel producer, Universal Metal Coating Company (Unicoil) has selected Danieli Automation's DIGI&MET Automation as the primary supplier to enhance its coil yard management operations. The new handheld…
Iron ore futures rose on Monday, driven by expectations of additional stimulus from Beijing, though concerns about demand persist. The central bank chief of China expressed confidence in the country's ability to support…
Chinas iron ore imports reached a record high in 2024 for the second consecutive year, according to customs data. The country imported approximately 1.24 bln tons last year, marking a 4.9pct increase from the 1.18 bln…
Hyundai Steel, South Korea's top rebar producer, has suspended production at its Incheon and Pohang plants until the end of January due to a slump in the construction market, leading to declining demand and prices…
Malaysia's Ministry of Investment, Trade, and Industry (MITI) has imposed provisional anti-dumping duties on tinplate imports from China, India, Japan, and South Korea. The investigation was prompted by a petition from…
Turkey's scrap import prices fell this week to USD 340-345 per ton CFR, down from USD 345-350 per ton CFR last week, driven by weak steel demand. Turkish steel mills are seeking further price negotiations due to…
Turkish steel producer Kardemir has significantly lowered wire rod prices by USD 10 per ton compared to its price list on December 19, 2024. The updated price for 5.5 mm SAE 1006 grade wire rod is now USD 590 per ton…
Turkey's scrap imports totaled 18.18 mln tons, a 6.2 pct increase YoY in the first eleven months of 2024, according to the Turkish Statistical Institute (TUIK). In Jan-Nov 2024, Turkey imported 4.2 mln tons from the US…
Iron ore futures edged higher on Friday as the market remained cautious amid slowing demand, despite the recent stimulus measures announced by Beijing. The iron ore market continues to face challenges due to high port…
Taiwan's China Steel Corporation (CSC) announced it will maintain flat pricing for February to stabilize customer confidence. This move aims to counter conservative downstream procurement, manage inventory adjustments…
Italian steelmaker Acciaierie Venete has once again partnered with Danieli Centro Maskin, ordering a second straightening line for its Padova Works. This new, fully automated line is designed for high productivity…
Turkey's wire rod exports reached 792,635 tons in Jan-Nov 2024, marking a 29.5pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). During this period, Romania was the top destination for…
Tenaris's industrial facility in Abu Dhabi, Etihad Tubulars, has successfully completed the latest edition of the API Q1 certification, covering both its threading facility and the Rig Direct service center…
Iron ore futures rebounded on Thursday as the market weighed recent stimulus measures from Beijing, despite ongoing concerns about steel demand. According to an official policy document, China has broadened the scope of…
Steel prices in 2025 could rise significantly if the proposed safeguard duty on imports is imposed by the end of next month, according to Crisil. Domestic prices are currently under pressure due to global price…
Nippon Steel has launched operations at a new high-speed roughing mill with shiftable roughing stands at its Kamaishi special steel plant, producing high-quality wire rod. The tailor-made roughing mill, now operational…
Turkish steel producer Kardemir has lowered its billet prices, according to its latest price list. The company's new price for S235JR grade billets is USD 500 per ton EXW, a decrease of USD 10 per ton from last month's…
Turkey exported around 3.1 mln tons of rebar in the first eleven months of 2024, a slight decrease of 0.5pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). During…
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