Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The European Commission announced that it has granted approval for EUR 280 mln (USD 307 mln) in funding, in accordance with EU State aid regulations, to assist ArcelorMittal Belgium in its efforts to partially reduce…
Turkish steel producer, Kocaer Celik announced through a stock exchange filing that it has secured a steel profile order worth USD 24.8 mln for both the American continent and Europe. The company is scheduled to deliver…
Iranian finished steel consumption witnessed a 0.5pct YoY increase during the first two months of the current Iranian year (March 21-May 21), reaching 3.59 mln tons for finished products, according to the Iranian Steel…
A joint venture of Chinese steel producers Taiyuan Iron and Steel Group Co. (TISCO) and Shandong Xinhai Industry granted the final acceptance certificate (FAC) to Primetals Technologies for an extensive combination of…
Algoma Steel Group Inc., a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced results for its fiscal fourth quarter and full year ended March 31, 2023. During the fourth quarter…
The world's biggest iron ore miner Rio Tinto said that it had reopened a rail line at its Western Australian operations after a train carrying iron ore near the port of Dampier derailed at the weekend. The line will…
Turkish steel producer, Kardemir has decreased billet and wire rod prices, according to its latest price list. Kardemir's S235JR grade 150 mm billet is now offered at USD 575 per ton EXW, representing a decrease from…
Saudi Iron and Steel Company (Hadeed) has decided to keep the prices of rebar and wire rod unchanged for the production in July. The company has maintained the pricing of rebar, ranging from 12-32 mm, and wire rod…
Dalian iron ore futures continued their downward trajectory on Wednesday, as a bleak demand outlook weighed on market sentiment. Hopes for substantial stimulus measures ahead of the Chinese national holidays fizzled…
Ternium, a leading steel manufacturer, has announced a significant investment of USD 3.2 billion to construct a state-of-the-art steel plant and cold rolling facility in Nuevo Leon. This new venture will be established…
UAE's Emirates Steel Arkan (ESA) has announced that it will keep rebar prices unchanged for July production. ESA will continue offering rebar at AED 2,450 (USD 667) per ton CPT Abu Dhabi and AED 2,458 (USD 669) per ton…
Metso, a leading industrial company, has recently entered into an agreement with Sinosteel Corporation to deliver seven Larox FFP2512 pressure filtration units for the expansion of Tosyali Algeria’s iron concentrator…
According to a recent report by the Iranian Steel Producers Association, Iranian steelmakers recorded a production of 6.31 mln tons of semi-finished products during the first two months of the current fiscal year (March…
Dalian iron ore futures continued their downward trend on Tuesday despite the Chinese central bank's reduction in a key lending benchmark rates, failing to provide a boost to the futures market. The People's Bank of…
Taiwan’s China Steel Corp (CSC) has announced a reduction in domestic steel prices for deliveries in July, citing sluggish demand. However, the company remains optimistic about a recovery in demand during the second…
The Pakistan Bureau of Statistics has reported a substantial YoY decrease of 38pct in scrap imports, with a total of 126,194 tons imported in May 2023. Pakistan had imported 203,474 tons of scrap in May 2022…
Dalian iron ore futures experience decline as concerns over insufficient government stimulus and downgraded growth forecasts weigh on market sentiment. Goldman Sachs, joining other major investment banks such as UBS…
With low nickel market inventory and a rebound in nickel prices, Taiwan's stainless steel market has experienced a resurgence in prices. The price of 304 cold-rolled coils has climbed to around TWD 68,000 (USD 2,217)…
Turkish steel producer, Kardemir has announced an adjustment in rebar and billet prices, according to its latest price list. The company has increased the prices of 12-32 mm rebar sizes to TRY 15,000 (USD 635) per ton…
According to data from the Turkish Statistical Institute (TUIK), Turkey's pig iron imports reached 142,843 tons in April 2023, showing an increase of 11pct compared to the previous month. On a YoY basis, pig iron…
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