Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures recovered on Thursday as the market anticipates Beijing to unveil stimulus measures in a key meeting scheduled from July 15 to July 18. The expectation of stimulus measures is further fueled by…
Acciaieria Arvedi, a leading Italian steel producer, has commissioned Primetals Technologies to upgrade its two vacuum degassers (VD) at the Cremona plant, Italy, with plans for completion by the second half of 2025…
Vallourec, a global leader in premium tubular solutions, announced it has been awarded a contract by TotalEnergies to supply nearly 5,000 tons of OCTG solutions and services for the Kaminho deepwater project on Block…
Turkish steel producer Kardemir has announced new rebar prices according to its latest price list. The company is now offering rebar in sizes ranging from 12 to 32 mm at TRY 19,550 (USD 595) per ton, up from the…
Turkey's rebar exports surged by nearly 47pct YoY in May 2024, according to data from the Turkish Statistical Institute (TUIK). Turkish rebar suppliers exported 303,000 tons during this period, also marking a 10pct…
Iron ore and steel futures markets remained subdued on Wednesday due to persistent weak fundamentals. Major steel producer Baosteel decreased HRC prices by 100 yuan per ton for August sales in the domestic market…
Corinth Pipeworks has secured a significant contract from Woodside Energy, the operator of Mexico's Trion deepwater field, to produce and deliver approximately 118 kilometers of High Frequency Welded (HFW) steel pipes…
Turkish steel firm Kocaer Celik recently announced substantial orders totaling USD 46.3 mln for June. These orders primarily consist of value-added steel profiles from regions such as the Middle East and North Africa…
Dalian iron ore futures continued to decline on Tuesday, weighed down by demand concerns. The increase in iron ore imports and the already high inventory levels at Chinese ports have further worsened the outlook for…
India's Shyam Metalics and Energy announced a significant increase in its stainless steel production, which surged 100.69pct YoY to 7,015 tons in June 2024, compared to 3,496 tons in June 2023. However, the production…
Blastr Green Steel has selected Primetals Technologies as its technological partner for a new 2.5 mln tons-per-year steel production complex near Helsinki, Finland. The plant, powered entirely by green hydrogen…
Montenegro's state-controlled power utility EPCG has initiated a new tender to lease the production facilities of the troubled steel mill EPCG Zeljezara Niksic, aimed at revitalizing production at the plant. According…
UAE's APL Apollo Tubes, a wholly owned subsidiary of India's APL Apollo Tubes, has launched a new Direct Forming Technology (DFT) line at its plant in Umm Al Quwain (UAQ), according to a company official's announcement…
Iron ore futures dropped on Monday as weak fundamentals, driven by sluggish steel demand, weighed on market sentiments. Concerns over long-term demand outlook were exacerbated by mounting port-side iron ore inventory…
The global long steel products market is increasingly unstable, with China moving steel billets at the lowest prices. Chinese finished products dominate most markets in both long and flat segments, with no signs of…
Turkey's scrap import prices increased further this week as steel mills booked new cargoes at higher rates. Scrap import prices in Turkey are now assessed at USD 390 per ton CFR, up from USD 385-390 per ton CFR last…
The Pakistani government has increased duties on a range of imported products, including several steel items, to reduce financial losses as the country seeks to secure a loan agreement of over USD 6 bln with the…
Price volatility continues for key construction materials in Egypt, despite a relative cooling of prices as of March 2024. This trend is attributed to the liberalisation of the exchange rate and government-implemented…
Iron ore futures dropped on Friday due to weak steel output figures and slow steel demand, negatively impacting market sentiment. Based on recent figures released by the China Iron and Steel Association (CISA), major…
Fortescue and Liebherr Mining have announced a partnership to jointly develop and validate a fully integrated Autonomous Haulage Solution (AHS), aiming to be the first to operate zero-emissions vehicles globally. Zero…
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