Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Khalifa Economic Zones Abu Dhabi (KEZAD) Group and Azizi Developments have signed a 50-year land lease agreement to establish 12 cutting-edge factories in KEZAD A (KEZAD Al Ma'mourah), supporting the region's growing…
Watani Iron and Steel Company (Watani Steel) has announced that its board of directors has accepted the resignation of Yasser Zoman Saad Al-Zoman from both the board and his position as Chairman of the audit committee…
Shandong Shouguang Juneng Special Steel is the first steelmaker in China to utilize the advanced Danieli Drawer technology for SBQ production, enhancing both quality and flexibility. This technology is part of the…
India's leading iron ore producer and exporter, the National Mineral Development Corporation (NMDC), has raised prices by INR 400 (USD 4.76) per ton for both lump and fines iron ore. According to a stock exchange…
Vietnam's leading steel producer, Hoa Phat, has raised domestic prices for HRC scheduled for December delivery. The company is now offering HRC in SAE 1006 and SS400 grades to domestic buyers at around USD 548-550 per…
Turkish steel company Kocaer Celik recently reported securing significant orders worth USD 92.8 mln over the past 43 days. The orders mainly consist of value-added steel profiles from markets including the Middle East…
India's Directorate General of Trade Remedies (DGTR) has launched an anti-dumping investigation into imports of cold-rolled non-oriented electrical steel (CRNGO) from China, according to an official notification. The…
The UK Government has accepted the Trade Remedies Authority's (TRA) recommendation to modify the tariff rate quota (TRQ) on imports of category 1 (HRC). These changes will take effect from October 1, 2024, according to…
Spain's Hydnum Steel, the first green steel plant on the Iberian Peninsula, has signed a Memorandum of Understanding with Knauf Interfer, a leading European steel processing and distribution company. This partnership…
Pakistan's Agha Steel Industries Limited reported a loss of PKR 5 bln (USD 18.3 mln) for the fiscal year ending June 30, 2024, marking a sharp reversal from the PKR 980 mln profit recorded in the previous fiscal year…
Australia has announced the initiation of an antidumping investigation into imports of certain rebar from Turkey, alongside products from Indonesia, Malaysia, and Vietnam, according to a notice from the Australian…
Iron ore and other raw materials, along with steel futures, posted sharp gains during pre-holiday trading on Monday, driven by Beijing's latest stimulus measures that have improved market sentiment and the outlook for…
Jindal Stainless, India's largest stainless steel manufacturer, has teamed up with CJ Darcl Logistics Limited to develop lightweight and sustainable stainless steel containers. These containers are made from…
Turkey's scrap import prices held steady this week as Turkish steel mills booked several cargoes to replenish inventory. Scrap import prices were assessed at USD 360-365 per ton CFR. In the finished steel segment…
Kardemir, one of Turkey's major steel producers, has announced updated prices for its steel sections. The company is now offering IPE-NPU sections at USD 680-885 per ton EXW for sizes ranging from 180-600 mm, compared…
Turkey-based Ussuri Capital Partners (UPC), led by Ukrainian CEO and co-founder Roman Kurashev, has announced the launch of its first financing round, aiming to raise EUR 60 mln (USD 67 mln) for the initial phase of a…
Iron ore futures extended their rally for a fourth consecutive session on Friday, driven by Beijing's recent stimulus measures. This week, China's central bank announced a reduction in the reserve requirement ratio…
Wabash, North America's largest producer of semi-trailers and liquid transportation systems, has announced a 10-year strategic agreement with Steel Dynamics, Inc., a leading steel producer and metal recycler. This…
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70…
Turkish steel producer Kardemir has launched a new round of billet sales, according to its latest price list. The company maintained the price of S235JR grade billets at USD 530 per ton EXW, while raising the price of…
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