Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures rose on Monday, driven by new support measures for China's struggling property sector. Shanghai announced a relaxation of real estate policies, removing the distinction between ordinary and non-ordinary…
Tokyo Steel, Japan's leading EAF-based steel producer, has decided to maintain its steel prices for December. Key prices include HRC at JPY 92,000 (USD 596) per ton, pickled and oiled coils at JPY 100,000 (USD 648) per…
Tenaris has been awarded a contract by Subsea7 to supply pipes and coating solutions for Petrobras' Buzios 9 project in Brazil's Santos Basin. Located 180 km (112 miles) offshore Rio de Janeiro, the Buzios Field lies at…
Australia has launched an antidumping investigation into imports of hot-rolled steel (coils/sheets) from China, according to a notice from the Australian Anti-Dumping Commission. The investigation, requested by…
Scrap import prices in Turkey fell this week influenced by weak demand for finished steel. Current prices are assessed at USD 350-360 per ton CFR, down from USD 360-365 per ton CFR last week. The ongoing decline in…
Tubacex Group, a global leader in advanced industrial solutions for energy and mobility, has finalized a USD 200 mln strategic partnership with Mubadala Investment Company, Abu Dhabi's sovereign investor, in its Oil…
China's Century Steel Mill has threatened to withdraw from its steel project in the Rashakai Special Economic Zone (SEZ), citing significant challenges, according to local media reports. The Rashakai SEZ, a flagship…
Iron ore futures declined further on Friday, pressured by a weak steel demand outlook. Seasonal slowdowns in steel demand during winter added to concerns, while high port-side inventories and rising imports created…
Major Chinese steel producer, Baowu Steel Group has signed two contracts with Tenova, a provider of sustainable solutions for the green transition of the metals industry. The first contract involves the supply of four…
Rio Tinto has signed definitive agreements with GravitHy, an early-stage industrial company, to support its steel decarbonization project in France. The partnership will see Rio Tinto supply high-grade direct reduction…
Swiss Steel Group announced plans to adjust capacities due to challenging economic conditions and persistently weak demand. The measures include reducing approximately 800 full-time positions across its Swiss and…
Turkey imported approximately 2.13 mln tons of semi-finished steel, billet, and bloom in the first nine months of 2024, marking a nearly 17pct decline from the same period last year, according to the Turkish Statistical…
Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the UAE's largest operator of integrated economic zones, has signed a 50-year land lease agreement with Pipetec Solutions Manufacturing to establish a state-of-the-art…
Iron ore futures declined on Thursday as weak demand fundamentals outweighed Beijing's new tax cuts for the property sector. Rising iron ore shipments to China are increasing port inventories, while steel mills face…
Primetals Technologies has upgraded the automation systems at the finishing mill of SAIL Bokaro's hot-strip mill in Bokaro Steel City, Jharkhand, India, completing the project 26 months after starting, one month ahead…
Hyundai Steel, South Korea's second-largest steel producer, plans to indefinitely suspend operations at its second plant in Pohang due to a construction slowdown and fierce price competition from Chinese steel imports…
Vale and Roheisengesellschaft Saar mbH (Rogesa), a joint subsidiary of Dillinger and Saarstahl AG, have signed a multi-year agreement to supply iron ore pellets, a significant step toward decarbonizing steel production…
Carbon capture and storage (CCUS), once hailed as a key solution for reducing greenhouse gas emissions in steelmaking, is facing growing skepticism, according to a report by the Institute for Energy Economics and…
Turkish steel producer Kardemir has reduced wire rod prices by USD 10 per ton as compared to the prices announced on October 23, 2024, according to its latest price list. The company's new price for 5.5 mm SAE 1006…
Turkey's HRC imports totaled approximately 2.66 mln tons in the first nine months of 2024, a decline of 21pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). China was…
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