Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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India's steel imports from April to September were led by China, with the country remaining a net importer, according to provisional government data, Reuters reported. India imported 4.7 mln tons of finished steel…
Korea's Posco Group is considering selling Posco Zhangjiagang Stainless Steel (PZSS) in China, part of a broader effort by Chairman Jang In-hwa to restructure low-profit and non-core assets, according to the local media…
Turkey exported 2.5 mln tons of rebar in the first nine months of 2024, marking a 1pct YoY increase, according to the Turkish Statistical Institute (TUIK). Yemen was the leading destination for Turkish rebar during this…
Saudi Steel Pipe Co. (SSP) reported a substantial rise in net profit, reaching SAR 213 mln (USD 56.6 mln) in the first nine months of 2024, up 61pct YoY. This growth was driven by higher gross profit, fueled by an…
Iron ore futures rose on Thursday as the market continued to hope for additional stimulus to address demand concerns. This week, traders have been looking to Beijing for possible economic support measures, with the…
China's steel exports surged 40.8pct YoY in October, reaching 11.18 mln tons, according to data from the General Administration of Customs. Exports were also up over 10pct compared to the previous month. For the first…
Turkish steel producer Kardemir has reduced its rebar prices in the latest pricing update. The company is now offering 12-32 mm rebar at TRY 20,920 (USD 609) per ton EXW, down from TRY 21,455 (USD 626) per ton EXW set…
Egypt's rebar production grew by 11.3pct YoY to 6.403 mln tons in the first nine months of 2024, according to a local news report. Rebar sales in the local market also rose by 3pct YoY during January-September, reaching…
Iron ore futures fell on Wednesday as demand outlook remained uncertain, despite hopes for additional stimulus measures. Rising iron ore inventories, increased imports from major miners, weak margins at steel mills, and…
India's Welspun Corp announced it has secured two major orders in the U.S., totaling INR 1,300 crore (USD 154.5 mln), to supply coated HSAW pipes for natural gas pipeline projects, according to a stock exchange filing…
SteelAsia Manufacturing Corporation, a major steel producer in the Philippines, recently shipped 14,200 tons of high-strength rebar valued at USD 8.8 mln to Canada from its Davao mill. This marks the first time that…
Italian steel producer Feralpi Siderurgica, part of the Feralpi Group, has granted the final acceptance certificate (FAC) to Primetals Technologies for the successful revamp of its 6-strand billet caster at the Lonato…
Turkey imported 14.9 mln tons of scrap in the first nine months of 2024, a 6.3pct increase YoY, according to the Turkish Statistical Institute (TUIK). From January to September 2024, scrap imports from the USA rose by…
National Metal Manufacturing and Casting Co. (Maadaniyah) reported a wider net loss of SAR 28.12 mln (USD 7.48 mln) in the first nine months of 2024, up from a loss of SAR 18.42 mln in the same period last year. The…
Terramin Australia Limited announced that Western Mediterranean Zinc Spa (WMZ) has signed an Engineering, Procurement, and Construction (EPC) contract with Sinosteel Equipment & Engineering Co. Ltd. (Sinosteel MECC) to…
Iron ore futures rose on Tuesday, supported by optimism for additional stimulus measures from Beijing, though demand concerns continued to weigh on the market. Chinese Premier Li Qiang expressed confidence in meeting…
Nithia Capital and Evonith Steel have announced the successful recommissioning of Blast Furnace 1 (BF1) at Evonith Steel City in Wardha, near Nagpur, Maharashtra, according to a company press release. BF1 is a 450 m3…
Shyam Metalics and Energy Ltd. (SMEL), an Indian steel producer, has officially launched a new blast furnace and sinter plant at its Jamuria facility, as announced in a stock exchange filing. The project, which involved…
Mill Steel Co., one of the largest distributors of flat-rolled carbon steel, stainless steel, and aluminum in the U.S., has acquired Maryland Metals Processing (MMP), a major stainless and aluminum toll processor based…
Turkey's crude steel production rose by 14pct YoY to 27.9 mln tons in the first nine months of 2024, according to the Turkish Steel Producers' Association (TCUD). In September alone, production grew 6.5pct YoY to 3.1…
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