Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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In November, Vietnam's HRC exports continued to struggle, forcing companies to shift focus to the domestic market to boost consumption. According to the Vietnam Steel Association (VSA), HRC exports declined by over…
Hoa Phat Group has supplied 10,000 tons of large-sized steel pipes for the construction of Southeast Asia's largest exhibition center in Dong Anh, Hanoi. The project, funded by Vingroup, began in August 2024 and is…
Turkish steelmaker Kardemir Celik (Kar-Demir) has reduced energy consumption in billet production by 15-30pct using the Furnace Energy Saving System & Continuous Charging (FESCON) technology at its Aliaga meltshop…
Turkey's iron ore imports reached approximately 8.8 mln tons in the first ten months of 2024, marking a 22pct increase compared to the same period last year, according to the Turkish Statistical Institute (TUIK). Brazil…
Iron ore futures recorded gains on Monday, but the demand outlook remains uncertain due to weakening steel demand. Steel consumption typically slows during the winter months as downstream activities, particularly…
Metinvest Group's steelmaking facilities in Ukraine introduced 20 new products in 2024, including six developed in collaboration with the Zaporizhstal joint venture. The majority of these products were in the long…
Scrap import prices remained steady this week, assessed at USD 345-350 per ton CFR, as holiday-related slowdowns dampened buying activity. The Christmas and New Year holidays kept scrap trading quiet, with limited…
Turkish steelmaker Kardemir has announced its sales allocation plan for the first quarter of 2025. The company plans to reduce allocations for billets and rebar compared to the previous quarter, while increasing…
Iron ore futures declined on Friday as a weak demand outlook weighed on market sentiment. Maintenance shutdowns at several blast-furnace-based steel mills are expected to further reduce steel production, dampening iron…
India has announced restrictions on the import of low-ash metallurgical coke, according to a notification from the Directorate General of Foreign Trade (DGFT). From January to June 2025, imports will require…
Ternium has signed an agreement with Lithium de France, a subsidiary of the Arverne Group, to provide casing, tubing, and related services for geothermal well construction. These wells, located in Northern Alsace, will…
Sidenor has acquired Eplus, a Catalan company based in Artes, Barcelona, specializing in industrial waste management and recovery. The move aligns with Sidenor's strategy to foster sustainable growth and strengthen its…
Turkey imported around 1.1 mln tons of pig iron in the first ten months of 2024, reflecting a 6.6pct decline compared to the same period in 2023, according to data from the Turkish Statistical Institute (TUIK). Russia…
Iron ore futures were almost steady on Thursday, as weak steel demand balanced restocking activity by Chinese steel mills. Seasonal slowing in steel demand during winter dampened market sentiment. High port inventories…
Mesabi Metallics has awarded Metso a contract for beneficiation plant equipment for its Direct-Reduction (DR) grade iron ore plant in Nashwauk, Minnesota. The plant is key to securing the supply of DR-grade pellets in…
Turkey's Ministry of Commerce has initiated an antidumping investigation into imports of cold-rolled, galvanized, and painted coils from China and South Korea, according to an announcement published in the Turkish…
Saudi Arabia's East Pipes Integrated Company for Industry has signed multiple supply contracts worth over SAR 57 mln (USD 15.1 mln), including VAT, with Saudi Real Estate Infrastructure Company (Binyah) and Al-Rashid…
Iron ore futures closed unchanged on Wednesday as the market remained cautious about demand prospects during a subdued trading session affected by the Christmas holiday. Earlier this week, iron ore prices found support…
Jindal Saw announced it has signed an agreement to acquire a 31.20pct equity stake in ReNew Green Energy. In a regulatory filing, Jindal Saw stated, "We have entered into a share purchase agreement with ReNew Green…
Malaysia's Ministry of Investment, Trade, and Industry (MITI) has launched an administrative review of anti-dumping duties on imports of cold-rolled coils (CRC) of iron or non-alloy steel exceeding 1,300mm in width…
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