Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Dalian iron ore futures declined on Monday due to uncertainties surrounding the steel demand outlook caused by challenges in the property sector. The property sector is expected to face long-lasting weaknesses…
Major Japanese steel manufacturers are speeding up technology development and investment in a push to decarbonize their operations. According to statistics compiled by the National Institute for Environmental Studies…
ArcelorMittal Kryvyi Rih, Ukraine's largest steelmaker, is shutting down its steel smelting and rolling operations due to restrictions on water supplies after the breach of the Kakhovka dam. ArcelorMittal Kryvyi Rih has…
Tenaris has been awarded a contract to provide 450 tons of structural tubes for the Gewiss stadium, the home of Atalanta, the football team based in Bergamo, Italy. Tenaris operates a seamless mill in Dalmine, located…
Turkey’s scrap import prices increased over the past week as mills booked cargoes at higher rates. Scrap import offers for Turkish market are at about USD 390 per ton CFR, marking an increase of USD 5-10 per ton…
Turkish wire rod exports experienced a significant decline in April, dropping by 17.8pct compared to the previous month, with a YoY decrease of over 70pct. Among the destinations, Israel stood out as the top receiver of…
Dalian iron ore futures extended their gains as concerns regarding a tepid economic recovery and disappointing economic data heightened expectations of stimulus to propel the economy. The fragile state of China's…
Japan's JFE Steel will partner with Exxon Mobil to develop high-pressure hydrogen pipeline technology, seeking to help shape industry standards amid the anticipated increase in demand in the U.S. High-pressure pipelines…
Voestalpine Group, based in Austria, reported a 22.1pct YoY increase in revenue, reaching EUR 18.2 bln (USD 19.5 bln) for the business year 2022/23, ended on March 31, 2023. The company stated that this revenue figure…
According to a short-range outlook from the International Rebar Producers and Exporters Association (Irepas), the global long steel products market remains challenged by an unfavorable balance between supply and demand…
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