Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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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…
The first shipment in a major rail contract is set to leave British Steel for Turkey this week. The company is supplying tens of thousands of tons of track for the project, which connects Mersin with the cities of…
Iron ore futures saw their fifth consecutive session of gains on Thursday, buoyed by robust short-term demand and ongoing expectations of further stimulus measures. Chinese steel producers are maintaining production…
Baosteel, the world's largest steel producer and part of the Baowu Group, has signed a contract with Primetals Technologies for a new continuous casting project in Shanghai. This marks the third caster order from Baowu…
Steel Exchange India announced the progress of its expansion projects in a stock exchange filing. The company has allocated INR 60 crore (USD 7.1 mln) in capital expenditure to increase the installed capacity at its…
Iron ore futures continued to post gains on Wednesday, driven by near-term demand and expectations of additional stimulus from a key government meeting scheduled for mid-July. Improved data from the real estate sector…
Turkish steel manufacturer Kardemir has maintained its wire rod prices in the latest sales round, according to its latest price list. The company continues to offer 5.5 mm SAE 1006 grade wire rod at USD 625 per ton EXW…
Kardemir, Turkey's major steel producer, has unveiled new prices for its steel sections. The company's latest price list indicates a reduction in prices for IPE-NPU sections, now offered at USD 685-790 per ton EXW for…
Turkey's scrap imports exhibited significant changes in May 2024, rising 4.2pct YoY and 20pct month-on-month to reach 1.8 mln tons. The United States remained Turkey's primary source of scrap imports, although imports…
Nippon Steel Corporation and Sumitomo Corporation have renewed a long-term contract with Equinor ASA for the supply of OCTG (Oil Country Tubular Goods) for up to 9 years, to be used in Norway and internationally. For…
Vallourec, a global leader in premium tubular solutions, has secured approvals from Brazil's state environmental authority (COPAM) and federal mining regulator (ANM) to proceed with the first phase extension of its Pau…
Turkey has extended its temporary safeguard measures on wire rod imports for another three years, as announced in the official gazette. From June 15, 2024, to January 6, 2025, wire rod imports will incur a safeguard…
Arabian Pipes Company (APC) announced it has secured a new pipe supply contract from Denys Arabia, according to a stock exchange filing. The contract, valued at SAR 293 mln (USD 78 mln), involves APC supplying pipes…
Dalian iron ore futures extended their gains on Tuesday, driven by expectations of additional stimulus measures. Despite the traditional summer slowdown in construction activity leading to weaker steel demand and…
Steel Authority of India Limited (SAIL) has awarded a contract to Primetals Technologies to design, supply, and install a new hot-blast stove for blast furnace No. 5, 'Kalyani,' at the IISCO steel plant in Burnpur…
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