Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures extended gains for a third consecutive session on Thursday, driven by China's pledge for additional stimulus, which restored confidence just as the effects of the latest monetary easing measures began…
Murat Cebecioglu, chairman of IREPAS (International Rebar Exporters and Producers Association), highlighted at a conference the growing instability in the global long steel industry's supply and demand balance, with…
Turkish steelmaker Kardemir has announced its sales allocation plan for October to December 2024. The company has reduced allocations for billets, wire rods, and profiles compared to the previous quarter, while keeping…
Conares, the second-largest private steel manufacturer in the UAE, has partnered with Interstar Education Services and Al Saraya Engineering Consultants to develop Victory Heights Primary School in Dubai's City of…
Iron ore futures extended gains on Wednesday as Beijing's recent stimulus measures fueled optimism for steel demand. Following Tuesday's broad policy easing, the Chinese central bank cut medium-term lending rates to…
Metso has signed a contract with Beijing Shougang International Engineering Technology Co. Ltd (BSIET) to deliver a traveling grate pelletizing plant for Ruifeng Iron and Steel Group Co., Ltd. in Tangshan, Hebei…
UAE's leading steel producer, EMSTEEL (formerly Emirates Steel Arkan), has expressed interest in acquiring the mills of Spanish steelmaker Celsa located in Poland, the UK, and Norway, which have a combined value of…
Pakistani long steel producer Amreli Steels announced plans to temporarily suspend operations at its Karachi plant due to significant economic challenges, according to a stock exchange filing. The company's board of…
Iron ore futures surged on Tuesday following Beijing's announcement of monetary stimulus aimed at supporting the economy. China's central bank introduced several policy measures, including a cut to the reserve…
Primetals Technologies has secured a five-year cost-per-ton maintenance contract with Outokumpu Stainless USA, a leading stainless steel manufacturer. Under this agreement, Primetals will oversee the repair and…
UAE's EMSTEEL, formerly known as Emirates Steel Arkan, has maintained its rebar prices for October production. The company's rebar prices remain unchanged at AED 2,447.25 (USD 666) per ton CPT Abu Dhabi and AED 2,456.25…
Turkey exported approximately 1.17 mln tons of welded steel pipes in the first seven months of this year, marking an 11pct increase compared to the same period last year, according to the Turkish Statistical Institute…
Iron ore futures tumbled on Monday as market sentiment weakened due to the absence of new stimulus measures from Beijing. Despite expectations of a rate cut to bolster the economy, the Chinese central bank kept the…
India's finished steel imports from China reached a seven-year high in the first five months of the 2024/25 fiscal year, according to provisional government data reported by Reuters. Overall, India's finished steel…
Primetals Technologies and Posco have signed a cooperation agreement to design and implement a HyREX demonstration plant at Posco's facility in Pohang, South Korea. This initiative builds on a memorandum of…
Turkey's scrap import prices declined this week as Turkish steel mills booked several European-origin scrap cargoes at lower prices. Scrap import prices were assessed at USD 360-365 per ton CFR, down from USD 370 per…
Tosyali Holding's Toscelik has supplied pipes for the first phase of the Juranah Independent Strategic Water Reservoir (Juranah ISWR-1) project, which is being constructed by Mapa Group, the company announced in a press…
Mughal Steel, a Pakistani steel producer, announced that its board of directors has approved the balancing, modernization, and replacement (BMR) of the existing steel bar re-rolling mill, according to a stock exchange…
Iron ore futures edged higher on Friday but relinquished some gains by session's end after Beijing maintained its benchmark lending rates. The Chinese central bank maintained the one-year loan prime rate at 3.35pct and…
Tata Steel has successfully commissioned India's largest blast furnace at its Kalinganagar facility in Odisha, according to a stock exchange filing. The phase II expansion, with a total investment of INR 27,000 crore…
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