Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The Indian Stainless Steel Development Association (ISSDA) has urged the Ministry of Steel to introduce a dedicated policy for the stainless steel industry. "We have requested an exclusive stainless steel policy because…
Tenova has partnered with DMV (Cogne Group, formerly Mannesmann Stainless Tubes) and other companies to launch the EU-funded LIFE H2Reuse project, which began in July 2024. This initiative aims to cut the carbon…
Turkey's wire rod exports totaled approximately 766,000 tons in the first ten months of 2024, marking a significant 47pct YoY increase, according to the Turkish Statistical Institute (TUIK). Romania was the largest…
Iran exported USD 3.643 bln worth of steel products in the first seven months of the current Iranian calendar year (March 20-October 21), marking a 14pct decline from USD 4.255 bln in the same period last year…
Iron ore futures rose on Friday as Beijing's commitment to stronger economic support in 2025 bolstered market sentiment. The Chinese Politburo announced plans for looser monetary policy and more proactive fiscal…
Tenaris has completed the production of steel pipes for Equinor's Raia offshore gas pipeline project at its welded mill in Pindamonhangaba, Brazil. The Raia project involves the construction of a 200-kilometer subsea…
Turkey's scrap import prices remained steady this week, assessed at USD 335-340 per ton CFR, as subdued buying activity reflected a stalemate between buyers and sellers. Turkish steel mills lowered their bids due to…
The Canada Border Services Agency (CBSA) has launched an investigation under the Special Import Measures Act, focusing on corrosion-resistant steel imports from the Turkish steel producer Borcelik. The investigation…
Cemas Dokum, part of Isiklar Holding, is advancing its sustainability and efficiency-focused growth strategy. The company has doubled its metal casting capacity to 50,000 tons per year and aims to meet 60pct of its…
Iron ore futures fell on Friday as concerns over weak steel demand continued to pressure the steelmaking raw material market. Iron ore futures posted gains earlier this week supported by short-term demand as steel…
India's finished steel imports from China hit a record high in the first seven months of the current financial year, with shipments reaching 1.7 mln tons from April to October, up 35.4pct YoY, according to provisional…
The U.S. Department of Commerce (DOC) has decided to impose provisional duties on oil country tubular goods (OCTG) from Argentina and Mexico following its preliminary findings. DOC determined that Argentine OCTG…
Outokumpu, a global leader in sustainable stainless steel, is investing USD 42 mln to build a biocarbon production plant in Sassnitz, Germany, to further reduce its climate impact. This investment is part of the…
Turkey imported 16.4 mln tons of scrap in the first ten months of 2024, marking a 5.5pct YoY increase, according to the Turkish Statistical Institute (TUIK). The US remained Turkey's largest scrap supplier during this…
Conares, the UAE's second-largest private steel manufacturer, has obtained the AFCAB conformity certification from France for its rebar products, the company announced. "Achieving AFCAB conformity for our rebars enables…
Iron ore futures fell on Thursday as market attention shifted to demand fundamentals and growing concerns that Beijing might not deliver stronger stimulus measures. Investor sentiment turned cautious following Chinese…
India's state-owned iron ore miner, NMDC, reported an 18pct YoY increase in production, reaching 4.41 mln tons in November 2024, compared to 3.83 mln tons in the same month last year, according to a stock exchange…
Liberty Steel is temporarily shutting down its wire rod plant in Peoria, Illinois, and has furloughed over 500 employees, according to local media reports. A company spokesperson told the Peoria Journal-Star that the…
Finnish recycling provider Konepeikko Oy has awarded Primetals Technologies a contract for a new torch-cutting machine at its facility in Imatra, Finland, located at Ovako Imatra Oy Ab. This environmentally friendly…
Riyadh Steel, Saudi Arabia's steel producer, announced in a stock exchange filing that its board of directors has accepted the resignation of CEO Ahmed bin Abdulkarim Al-Nafea. The filing also confirmed that Al-Nafea's…
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