Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Dalian iron ore futures fell for the fourth consecutive session on Wednesday, as the latest stimulus measures from Beijing failed to boost market sentiment. According to a Reuters report, an official policy document…
NMDC Steel (NSL), an Indian steel producer with a capacity of 3 mln tons per annum, has become the first in the country to receive the Bureau of Indian Standards (BIS) certification for hot rolled steel strip, sheet…
Australia's Fortescue has partnered with a wholly-owned subsidiary of China Baowu Steel Group, the world's largest steelmaker, to tackle the challenges of decarbonizing the global steel industry. Fortescue, the…
ArcelorMittal Tubular Products Al-Jubail (AMTPJ) has selected Danieli Automation DIGI&MET for new Manufacturing Execution System (MES) and Business Intelligence (BI) projects for its two seamless pipe plants…
Pakistan's rebar producer, Dost Steels Limited (DSL), has been unable to resume commercial operations this year due to insufficient working capital, according to a stock exchange filing. Despite ongoing efforts…
Iron ore futures continued their downward trend on Tuesday, weighed down by persistent concerns over demand. The market faced headwinds from higher port-side inventories and weak steel demand. Additionally, the absence…
YC Inox TR Celik, the Turkish subsidiary of Taiwanese steelmaker YC Inox, has started production at its new stainless steel pipe plant in Dilovasi, Kocaeli, according to a local media report. The plant has an initial…
Iron ore futures fell on Monday, weighed down by weak fundamentals that continued to dampen market sentiment. The declining steel output due to weak demand and higher port-side iron ore inventories have kept the demand…
ArcelorMittal South Africa Ltd. (ArcelorMittal SA) will shut down its long-steel products business after months of consultations with the government failed to prevent job losses. In October 2024, the company warned…
Turkey's scrap import prices held steady this week at USD 345-350 per ton CFR, reflecting muted buying activity due to sluggish steel demand. Turkish steel mills maintained a cautious stance, refraining from making…
Iron ore futures fell on Friday as reduced steel production and sluggish steel demand dampened market sentiment. Higher port-side iron ore inventories and persistent challenges in the property sector, a key steel…
India's largest iron ore miner, NMDC Ltd, reported a 5.1pct YoY increase in production for December 2024, reaching 4.71 mln tons, up from 4.48 mln tons in December 2023. However, sales of iron ore declined by 6.7pct…
Posco has placed an order with Danieli Rotelec for a Multi-Mode Electro Magnetic Stirrer (MM-EMS) to be installed on slab caster #1 at steel plant #2 in Gwangyang Works, Korea. Slab caster #3 at the same plant, which is…
Morocco's leading flat steel producer, Maghreb Steel, reported a 10pct YoY increase in revenue for the first three quarters of 2024, driven by strong domestic sales. The company's sales revenue rose to MAD 3.854 bln…
The Misrata-based Libyan Iron and Steel Company (LISCO) has announced the shipment of 26,300 tons of Hot Briquetted Iron (HBI) to Italy. The consignment is being loaded at LISCO's port onto the vessel Sabeel Star, bound…
Iron ore futures gained ground on Thursday in post-New Year holiday trading, buoyed by expectations of steady near-term demand. Chinese steel mills are likely to accelerate restocking their iron ore inventories ahead of…
India's Rama Steel Tubes Limited has reported its sales volume performance for Q3 FY25 and the first nine months of FY25. In Q3 FY25, the company achieved a sales volume of 51,669.01 tons, up 10pct YoY from 50,921.67…
India's Sandur Manganese & Iron Ores has received approval to increase its annual iron ore production limit. The company will raise its production capacity from 3.81 mln tons per year to 4.36 mln tons per year…
Saudi Iron and Steel Company (Hadeed) has kept its long steel prices unchanged for January deliveries. The price of rebar (12-32 mm) remains at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) holds steady at SAR…
Iron ore futures surged on Tuesday, buoyed by improved market sentiment, yet they recorded a significant yearly decline attributed to ongoing economic challenges and weak market fundamentals. Optimism followed Chinese…
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