Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Champion Iron Limited has entered into a binding agreement with Nippon Steel Corporation and Sojitz Corporation to jointly develop the Kamistiatusset Project (Kami Project). The partners will initially contribute USD…
ArcelorMittal has increased its HRC prices in Europe, with new offers reported at EUR 630 (USD 659) per ton EXW for February rolling, up from EUR 600 per ton EXW previously. The price hike follows the European…
Pakistan's scrap imports fell by 12.5pct YoY in November 2024, according to data from the Pakistan Bureau of Statistics. The country imported 219,765 tons of scrap during the month, compared to 251,342 tons in November…
Iron ore futures fell on Wednesday, pressured by a bearish outlook for the key steelmaking input. Market sentiment was further dampened by concerns over rising port-side iron ore inventories and weakening steel demand…
US-based Electra, specializing in low-carbon iron production, has signed an MoU with Interfer Edelstahl Group, a global steel and raw materials trader, to collaborate on clean iron production for specialty steel…
Vallourec, a global leader in seamless tubular solutions, has announced an agreement to sell the majority of its Dusseldorf-Rath production site to CTP, Europe's largest publicly-listed industrial property developer…
Chinese steelmaker XinFeng plans to invest USD 1.65 bln in an integrated industrial complex within the Sokhna Industrial Zone under the Suez Canal Economic Zone (SCZONE), according to the Ministry of Trade and…
Iran produced 20.4 mln tons of semi-finished steel from March 20 to November 21, 2024, according to the Iranian Steel Producers Association. This included 13.28 mln tons of billet and bloom and 8.058 mln tons of slab…
Iron ore futures edged up on Tuesday as cautious market sentiment persisted, with weak fundamentals outweighing stimulus hopes. Concerns over higher port-side iron ore inventories and slowing steel demand continued to…
India's Vardhman Special Steels has collaborated with Kocks to order the country's first 4D EAGLE S profile measuring system. Introduced in April 2024, the 4D EAGLE S is an advanced in-line profile measuring gauge…
BlueScope, BHP, and Rio Tinto have selected the Kwinana Industrial Area, south of Perth, to host Australia's largest electric smelting furnace (ESF) pilot plant. This groundbreaking project aims to test technology that…
Turkey's CRC imports totaled approximately 630,000 tons in the first ten months of 2024, marking a 19pct decline compared to the same period in 2023, according to data from the Turkish Statistical Institute (TUIK)…
Turkish steel producer Cemtas Celik has announced plans to strengthen its export activities in Europe by opening a new branch office in Germany. The decision was approved by the company's board of directors. According…
Iron ore futures rose on Monday, buoyed by expectations of policy support from Beijing, even as fundamentals in the steel sector continued to weaken. A senior official from China's central bank announced plans to boost…
Tata Steel is in talks with NMDC and Odisha Mining Corporation (OMC) to ensure future iron ore supplies as it scales up its domestic steel manufacturing capacity. As part of its strategy for raw material security, the…
ABS Sisak, a Croatia-based steelmaker, has successfully installed the EBT-SAND tap hole inspection and sand filler system in its 67-ton Electric Arc Furnace (EAF). The EBT-SAND system, part of the ZERO MEN AROUND…
The global long steel products market has entered a seasonal lull, with business activity expected to resume only after January 13, according to the International Rebar Producers and Exporters Association (Irepas). Key…
Turkey's scrap import prices surged this week, driven by firm domestic rebar demand and limited scrap supply. Prices were assessed at USD 345-350 per ton CFR, up from USD 335-340 per ton CFR last week. A recent accident…
Turkish steel producer Kardemir has raised its billet prices by USD 5 per ton, as per its latest price list. The updated price for S235JR grade billets is now USD 500 per ton EXW, while B420 grade billets are priced at…
Colakoglu Metalurji A.S. has placed an order with ABB for an ArcSave electromagnetic stirrer (EMS) to be installed on one of the world's largest electric arc furnaces (EAF). This project marks a significant step forward…
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