Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures experienced a decline on Monday due to disappointing Chinese economic data, which dampened market sentiments. According to the National Bureau of Statistics (NBS), China's gross domestic product (GDP)…
Huaigang Special Steel has chosen Danieli Industrial Automation's China-based branch for a comprehensive upgrade of their bar mill's automation and drives control system, which was originally supplied by Danieli in…
The Ministry of Steel reported that India's overall steel import reached 484,000 tons, representing a 5.9pct month-on-month increase and a 7.6pct increase compared to June 2022. In June 2022, China accounted for 26.1pct…
Vale announced a partnership with Wabtec Corporation to advance the decarbonization of the company's rail operations. The deal includes an order for three of Wabtec’s FLXdrive battery locomotives and a collaboration to…
Turkey's scrap import prices continue to face downward pressure as the demand for finished steel remains lackluster. Scrap import offers for the Turkish market are in the range of USD 365-370 per ton CFR, representing a…
Turkish rebar exports experienced a recovery in May 2023, with a nearly 24pct increase compared to the previous month. However, when compared to the same month last year, the exports almost halved, according to data…
Kardemir's subsidiary, Dokum Makina Sanayi ve Ticaret (Kardokmak), has officially launched its USD 5 mln forged steel plant. According to local news reports, following the arrival of all the necessary equipment at the…
Iron ore futures continued their upward trajectory on Friday, supported by expectations of additional stimulus measures. China's post-pandemic recovery has significantly slowed after a strong start in the first quarter…
Fives has signed a contract with Husteel to design and supply a complete solution to manufacture oil country tubular goods for its new plant in the USA. Husteel, part of South Korea’s Shinan Group, is a leading welded…
ArcelorMittal, the world's top steel and mining company, has introduced a groundbreaking line of steel tubes with significantly reduced carbon emissions. These innovative tubes, made from XCarb recycled and renewable…
Turkey's major steel producer, Kardemir has decreased steel sections prices, according to the company's new price list. The company's latest price range for IPE-NPU (160-550 mm) now stands at USD 700-820 per ton EXW…
Emirates Steel Arkan, a leading publicly traded manufacturer of steel and building materials in the region, and Al Jazeera Steel Product Company, a major steel producer in Oman, have signed a Memorandum of Understanding…
ATS Mechatronics, an Italian equipment supplier, has successfully completed the installation of TMB 400-45 tying machines at Al Jazeera Steel facility in Oman. These two automatic tying machines will be integrated into…
Iron ore prices continued to climb on Thursday, bolstered by expectations of additional stimulus measures and dwindling inventory levels at Chinese ports. However, concerns over weakening export data dampened demand…
China’s imports of iron ore climbed by 7.4pct in June from a year before, customs data showed, thanks to solid demand from domestic steelmakers. The world’s largest iron ore consumer brought in 95.52 mln tons of the…
Bangladesh's production of crude steel has experienced a significant decline, reaching a three-year low of 5.2 mln tons. This situation is indicative of reduced demand for primary construction materials due to decreased…
Turkish steel producer, Kardemir has reduced billet and wire rod prices, according to its latest price list. The company’s S235JR grade billet is now offered at USD 525 per ton EXW, a decrease from the previous rate of…
Iron ore and steel futures experienced gains on Wednesday, buoyed by positive market sentiments driven by expectations of additional stimulus measures and robust loan data. The China Securities Journal, a state-backed…
Steel mills in India are experiencing a slowdown in demand in domestic markets, leading to a decrease in prices. Several factors contribute to the declining demand, including the monsoon season and seasonal weakness…
NLMK Clabecq collaborated with Danieli to undertake an upgrade aimed at solidifying its prominent role in the thin-gauge steel market. The objective was to deliver top-notch surface quality, flatness, and dimensional…
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