Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Tenaris has begun operations at its seamless pipe mill in Campana, Argentina, with the successful first casting of its new Electric Arc Furnace (EAF), the company announced. The EAF, featuring Consteel technology, aims…
UAE's Emirates Steel Arkan has raised rebar prices for its September production. The company's new rebar prices are set at AED 2,447.25 (USD 666) per ton CPT Abu Dhabi and AED 2,456.25 (USD 669) per ton CPT Dubai…
Iron ore futures ended flat on Wednesday after an initial pullback, as the market remained cautious about demand outlook. Expectations of improved demand during the peak consumption season encouraged steel mills to…
China's steel industry slowdown is deepening, with BHP Group Ltd., the world's largest miner, and China Baowu Group Ltd., the top iron ore buyer, raising concerns as demand wanes after decades of growth, Bloomberg…
German special steel producer Lech-Stahlwerke (LSW) has issued the final acceptance certificate (FAC) to Primetals Technologies for an innovative scrap torch-cutting machine at its Meitingen plant. This new facility…
Riyadh Steel Co. has signed a Shariah-compliant short-term credit facility agreement with Saudi Awwal Bank (SAB) valued at SAR 10 mln (USD 2.66 mln), according to a statement to Tadawul. The one-year facility is secured…
Iron ore futures continued to rise on Tuesday, driven by restocking demand and optimism over near-term steel demand. Expectations of improved steel consumption have prompted steelmakers to replenish iron ore stocks…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have announced new prices for CR and galvanized coil products in the domestic market. ISL's CRC (1mm) is priced at PKR 211,500 (USD…
Turkey exported 1.04 mln tons of welded steel pipes in the first half of the year, marking a 12.3pct increase from the previous year, according to the Turkish Statistical Institute (TUIK). Romania was the largest…
Iron ore futures surged on Monday, buoyed by optimism that steel demand may increase in the near future. Market sentiment improved as traders anticipated that recent property-support measures and better weather…
The enforcement of a new mining cess, or tax, by some states, following a Supreme Court ruling, may exacerbate cost pressures for the domestic steel industry, according to rating agency ICRA. On August 14, the Supreme…
Turkey's scrap import prices dropped this week to USD 355-360 per ton CFR, down from USD 365-370 per ton CFR last week. The decline is attributed to negative market sentiment caused by slow finished steel demand in the…
Turkey's Cinar Boru announced that its subsidiary, Cinar Celik, has launched a new pickling line in Eregli, according to local media reports. The company invested over USD 20 mln in the new line, which has an annual…
Iron ore futures fell on Friday as weak fundamentals weighed on market sentiment. Chinese steel mills faced pressure from weak margins, leading to output cuts that further darkened the demand outlook for iron ore…
The Supervisory Board and Executive Board of Salzgitter AG have approved the construction of a new hot straightening machine at the Salzgitter Mannesmann Grobblech GmbH plant in Mulheim an der Ruhr, marking one of the…
Thyssenkrupp Materials Processing Europe, a leading steel and aluminum service center, is expanding its capacities with a low double-digit mln euro investment. At its Stuttgart site, the company plans to install two new…
Turkish steel producer Kardemir has kept billet prices unchanged while reducing wire rod prices in its latest sales round, according to the company's latest price list. The company is offering S235JR grade billets at…
Iron ore futures continued their upward trend on Thursday, driven by recent property-supportive measures, though long-term demand concerns remain. The National Financial Regulatory Administration (NFRA) reported that…
Tokyo Steel, a leading EAF-based steel producer in Japan, has decided to maintain stable steel prices for September, marking the seventh consecutive month of price stability. Base prices will remain unchanged, with HRC…
Brazil's Secretariat of Foreign Trade (Secex) has officially launched an anti-dumping investigation into cold rolled flat steel imports from China, according to a recent notification. The investigation, initiated…
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