Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkish steel producer, Kocaer Celik has successfully secured steel profile orders amounting to USD 14.7 mln from the American continent, the company said in a stock exchange filing. The newly received orders…
China's iron ore futures recorded a decline on Thursday due to concerns over demand. This was primarily triggered by environmental output restrictions and reports indicating that major steel mills were instructed to…
Data from the Turkish Statistical Institute (TUIK) indicates a noteworthy surge in Turkey's cold-rolled (CR) steel imports during May. The country imported a total of 91,303 tons of CR steel (coils/sheets) during the…
China's iron ore futures continued their upward trajectory on Wednesday, driven by expectations of economic stimulus measures from the Chinese government. In response to signs of a cyclical slowdown, the ruling…
Nucor-Yamato Steel, based in Blytheville, Arkansas, has selected Danieli Centro Combustion to provide an advanced walking-beam furnace for its beam mill. This cutting-edge solution includes automation and material…
Vallourec has won two major orders to supply line pipes for phases 6 and 8 of the Buzios oil field development operated by Petrobras. These orders are in addition to the contract previously won for phase 7, representing…
According to Acerinox's financial statement, the Spanish steelmaker experienced a significant decline in profits during both Q2 and H1 of 2023. In Q2 2023, the company's net profit dropped by 59pct YoY, amounting to EUR…
Turkey's major steel producer, Kardemir has kept steel sections prices unchanged, according to the company's new price list. The price range for IPE-NPU (160-550 mm) remains at USD 700-820 per ton EXW, while the price…
Khalifa Economic Zones Abu Dhabi (KEZAD) Group and Al Jazeera Steel Products have begun the construction of a new rolling mill in Abu Dhabi, with an investment of AED 250 million (USD 68 mln). Spanning an expansive area…
China's iron ore and steel futures posted gains on Tuesday following a meeting led by President Xi Jinping, during which the country's leaders pledged to introduce new measures to bolster the faltering economy. The…
Chinese steel producer Xingtai Iron & Steel Co. Ltd. has signed a significant contract with Friedrich Kocks GmbH & Co. KG for the installation of an advanced RSB 370++/4 Reducing & Sizing Block in 5.0 design. This…
Slovenska Industrija Jekla (SIJ), a Slovenian steel producer, has halted production at its stainless steel unit, SIJ Acroni, following an accident at its hot rolling mill. According to a statement by SIJ, on July 13, a…
MMK-Coal (part of PJSC Magnitogorsk Iron and Steel Works Group) has completed the acquisition of Tikhov Mine, located in the Leninsk-Kuznetsk district of the Kemerovo Region, from PJSC Koks (part of the IMH Group)…
Turkish steel producer, Kardemir has reduced wire rod prices, according to its latest price list. The company has revised the price of its 5.5 mm SAE 1006 grade wire rod to USD 600 per ton EXW, indicating a decrease…
UAE’s Emirates Steel Arkan (ESA) has announced that it will keep rebar prices unchanged for August production. The company will continue offering rebar at AED 2,450 (USD 667) per ton CPT Abu Dhabi and AED 2,458 (USD…
Iranian steelmakers experienced substantial growth in exports during the first quarter of the current fiscal year 2024 (March 21 - June 21). According to the latest data released by the Iranian Steel Producers…
Dalian iron ore futures faced downward pressure on Monday due to concerns over repayment issues at two major developers in China, which further deepened the crisis in the property sector. Country Garden and Dalian…
ArcelorMittal Europe - Flat Products and Tier 1 automotive supplier Gestamp have signed a ‘circularity agreement’ aimed at strengthening environmental sustainability throughout the industrial supply chain. The agreement…
Turkey's scrap import prices witnessed a significant decline as buyers secured cargoes at lower prices. Scrap import offers for the Turkish market now stand at about USD 355 per ton CFR, marking a decrease of USD 10-15…
Turkish steel producer MMK Metalurji faced a significant slump in steel output in the first half of 2023 due to the closure of one of its plants following an earthquake in Southern Turkey and weak demand. Part of…
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