Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures edged lower on Monday as Beijing's policy rate cuts failed to lift market sentiment. China's central bank lowered benchmark interest rates on Monday in an effort to boost economic growth. The one-year…
China's Ministry of Commerce announced that it will conduct a one-year sunset review investigation of the anti-dumping measures on imports of stainless steel billet and hot-rolled stainless steel from the EU, the UK…
Vietnam's Ministry of Industry and Trade has launched an anti-dumping investigation into HRC imports from China and India following complaints from the domestic industry, according to local media reports. In June 2024…
Ovako has announced a EUR 9 mln (USD 9.8 mln) investment in its Smedjebacken steel mill to further enhance innovation and efficiency. This new funding follows previous upgrades, including an exhaust gas filter…
Cogne Acciai Speciali has contracted Danieli Service for a modernization project at its Aosta, Italy, facility. The project will focus on revamping the cooling chamber of the continuous casting machine for special steel…
Turkey's scrap import prices remained unchanged this week in a quiet market. Turkish mills postponed buying activity due to a slowdown in demand in the finished steel segment. Scrap import prices in Turkey are assessed…
Qatar Steel, the leading steel-making company in Qatar, has signed a 5-year agreement with Qatar Navigation Q.P.S.C. (Milaha), the industry-leading provider of maritime and logistics solutions, to provide stevedore…
Pakistan's Large-Scale Manufacturing (LSM) sector witnessed a 7.33pct YoY growth in May, marking its sixth consecutive monthly increase, according to the Pakistan Bureau of Statistics. The LSM sector also grew by…
Iron ore futures fell on Friday due to weak seasonal demand for steel and a lack of stimulus measures from Beijing. Commodity markets were underwhelmed as the government's key meeting this week failed to signal any…
JSW Steel Limited, a major Indian steel producer, has reported its financial results for the first quarter of fiscal year 2025, which ended on June 30, 2024. In Q1 FY25, the company's consolidated profit fell by nearly…
The Competition Commission of India (CCI) has approved the indirect acquisition of Arjas Steel Private Limited (ASPL) and its wholly owned subsidiary, Arjas Modern Steel Private Limited (AMSPL), by The Sandur Manganese…
Italy's Pittini Group has signed a contract with Danieli to upgrade its two-strand wire rod mill and add a new bar finishing facility at the Acciaieria di Verona plant. The upgrade will enable the production of bars…
Turkish steel manufacturer Kardemir has opened a new round of billet sales at higher prices, according to its latest price list. The company is offering S235JR grade billets at USD 540 per ton EXW and B420 grade billets…
Turkey's Tosyali Holdings has signed an agreement with the Libya United Steel Company for the Iron and Steel Industry (Sulb) to establish a Direct Reduced Iron (DRI) plant in Benghazi, Libya, according to a company…
Iron ore futures extended their losses on Thursday, pressured by ongoing weak steel demand. Traditionally, steel demand slows during the summer, but it has been further impacted by heavy rainfall in several regions of…
Hi-Tech Pipes Ltd., a leading steel tubes and pipes manufacturer in India, has achieved its highest-ever sales volume in Q1FY25. The company reported a significant 45pct increase, reaching a total sales volume of…
Tokyo Steel, a major EAF-based steel producer in Japan, has decided to maintain stable steel prices for July, marking the sixth consecutive month of price stability. The company will hold prices steady, with HRC at JPY…
Nippon Steel Corporation and Sumitomo Corporation have extended their long-term contract with Norwegian energy company Aker BP ASA for OCTG supply until 2034. Aker BP, established in 2016, is Europe's largest…
SMS group and Steel Dynamics (SDI) have celebrated the successful start-up of four new production lines at two locations. The new Continuous Galvanizing Lines (CGLs) and Color Coating Lines (CCLs) in Sinton, Texas, and…
Emirates Steel, part of Emirates Steel Arkan Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a partnership with Eversendai, a global leader in steel…
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