Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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According to Vale's operational report, the company's Oman facility experienced a 2.2 pct year-on-year decline in iron ore pellet production during H1 2023. The total production of iron ore pellets reached 4.33 mln tons…
Iron ore futures posted gains on Thursday amid expectations of further stimulus measures by the Chinese government to bolster the struggling economy. Deputy head of the state economic planner, Li Chunlin, announced that…
Yantai Walsin Stainless Steel Co., Ltd., based in China, has achieved a significant milestone by successfully rolling the first bar on its new Kocks Reducing & Sizing Block (RSB) 370++/4. This cutting-edge sizing block…
Danieli has received an order from Stahl Gerlafingen to supply and install a K-Weld machine at its plant in Switzerland. The new Danieli billet welding machine will be seamlessly integrated with the new reheating…
BHP Group reported its highest-ever annual iron ore production in FY23, despite challenges posed by Tropical Cyclone Ilsa. The success can be attributed to the strong performance of its South Flank operations in Western…
Turkish steel producer, Kardemir has announced new rebar prices, according to its latest price list. The company has implemented a price reduction for rebar sizes ranging from 12-32 mm, setting the new rate at TRY…
Emirates Steel Arkan, AD Ports Group, Itochu Corporation, and JFE Steel have inked a non-binding Memorandum of Understanding (MoU) to collaborate on the development of an integrated low-carbon iron supply chain complex…
Dalian coking coal futures increased sharply on Wednesday following the disclosure of fatal accidents at coal mines in Shanxi and Liaoning provinces. These incidents have sparked concerns over the potential impact on…
Commercial Metals Company (CMC) has received approval from the West Virginia Department of Environmental Protection to proceed with the construction of its micro mill. With the necessary permit secured and land…
Primetals Technologies has implemented an upgrade of the LD converter (BOF) process optimization system at Salzgitter Flachstahl in Salzgitter, Germany. The new Slag Expert model has optimized the use of lime, improved…
Italy’s Marcegaglia's Ravenna plant has witnessed remarkable results with SmartLine, an automatic strip processing line control system based on predictive modeling. Developed by Fives, an international industrial…
Rio Tinto Group said second-quarter shipments of iron ore fell 1pc from a year earlier, as China’s faltering economic recovery continued to weigh on demand. The world’s biggest iron ore producer shipped 79.1 mln tons of…
According to the Pakistan Bureau of Statistics, scrap imports in Pakistan have experienced a significant YoY decrease of almost 50pct, with a total of 121,877 tons imported in June 2023. This quantity represents the…
Jindal Group and Vulcan Investments, an industrial conglomerate based in Oman, successfully completed the acquisition of Sohar Steel after an extensive and notable three-year hiatus. This achievement serves as a pivotal…
Iron ore futures experienced a recovery on Tuesday, buoyed by market optimism regarding potential stimulus measures from the Chinese government to revitalize the sluggish economy. China's economic recovery showed signs…
Rama Steel Tubes (RSTL), a prominent steel pipe and tube manufacturer in India, has announced the signing of a strategic Memorandum of Understanding (MoU) with JSW Steel Group. This collaborative agreement aims to…
Vardhman Special Steels Ltd., a leading Indian steel producer, has entered into a contract with rolling mill equipment supplier Friedrich Kocks GmbH & Co. KG. The agreement entails the supply of a Reducing & Sizing…
The mood in the European HRC market was strongly negative last week due to limited demand and a seasonal activity slowdown. Offers from integrated Northwest European mills have been limited as some have full order books…
Turkish exports of HR steel (coils/sheets/plates) witnessed a significant growth of 56pct in May 2023 compared to April 2023, according to data released by the Turkish Statistical Institute (TUIK). During May, Turkish…
Turkish steel producer, Kardemir, has released its sales allocation plan for July to September 2023. The company has decreased sales allocation for all products except wire rod as compared to the previous quarter. As…
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