Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures dipped slightly on Tuesday after giving up earlier gains, as the market remained cautious about steel demand recovery. Typically, the peak steel consumption months of September and October support…
China's steel exports rose by 14.7pct YoY to 9.5 mln tons in August 2024, according to the General Administration of Customs. This represents a 21pct increase from the previous month. In the first eight months of 2024…
China's Sanbao Group has signed contracts with Tenova LOI Thermprocess and Tenova Technologies (Tianjin) for the supply of three annealing and coating lines for non-grain oriented (NGO) silicon steel at its facility in…
United States Steel Corporation (U.S. Steel) has introduced ZMAG coated steel, a new carbon flat-rolled product designed to offer enhanced strength, resilience, and sustainability. ZMAG steel is engineered to perform in…
Turkey imported 11.6 mln tons of scrap in the first seven months of 2024, a slight increase of 0.5pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). The US was Turkey's…
Iron ore futures rose on Monday, driven by improved steel demand and renewed hopes for stimulus following China's tepid economic data, despite long-term concerns over demand for key steelmaking raw materials. Steel…
Giridhan Metals awarded AIC a contract for automation and fast finishing area equipment for their 350,000 tons per annum bar mill. The mill, which was commissioned in June 2023, has significantly enhanced productivity…
Turkey's scrap import prices rose this week as mills booked cargoes at higher rates, though a sharp decline in Chinese prices dampened market sentiment toward the end of the week, potentially limiting further price…
Turkish steel producer, Diler Demir Celik has achieved top performance and set speed records (40 m/sec) for D8 and D10 diameters with its newly installed spooler line at the Izmit plant in Turkey, according to a press…
Dalian iron ore futures remained largely unchanged on Friday as concerns over demand continued to weigh on market sentiment. Weak economic growth and ongoing troubles in the property sector have led to cautiousness…
India's Welspun Corp has announced a board-approved investment of approximately USD 100 mln to upgrade its pipe manufacturing unit in the United States, according to a stock exchange filing. The investment, to be made…
Steel Dynamics, Inc. has petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to impose antidumping duties on imports of corrosion-resistant flat-rolled steel (CORE) from…
Kalmar has signed an agreement to supply Outokumpu with three light electric forklift trucks and one medium electric forklift truck for their Tornio stainless steel plant in Finland. The order, which includes a Kalmar…
Turkish steel producer Kardemir has raised its rebar and wire rod prices in the latest sales round, according to the company's updated price list. Rebar in sizes ranging from 12 to 32 mm is now offered at TRY 19,875…
Emirates Steel Arkan, the UAE's largest publicly listed steel and building materials company, has rebranded as EMSTEEL to accelerate its operational transformation and expand its global presence. The rebranding reflects…
Dalian iron ore futures extended their decline on Thursday, falling for the fifth consecutive session, as the outlook for iron ore demand remains weak despite a modest recovery in steel demand. The improvement in steel…
Brazilian iron ore miner Vale and Midrex Technologies, Inc. have signed a Technical Cooperation Agreement to advance the use of iron ore briquettes in direct reduction plants, aiming to support steelmaking…
Pakistan's National Tariff Commission (NTC) has launched an investigation into the alleged circumvention of antidumping duties on Chinese galvanized coils and sheets imports. The investigation was launched following an…
The Turkish Ministry of Environment and Urbanization has initiated the environmental impact assessment (EIA) process for YC Inox TR Celik, a Turkish subsidiary of Taiwan's YC Inox, as part of its stainless steel pipe…
Iron ore futures extended their losses for a fourth consecutive session on Wednesday, as market sentiment remained pessimistic. The bearish outlook was driven by higher port-side iron ore inventories and weak steel mill…
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