Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures fell sharply on Monday as market sentiment deteriorated following Beijing's move to introduce a steel export licensing system aimed at regulating overseas shipments next year. China's Ministry of…
Celsa has completed a refinancing process, marking the conclusion of a financial and operational restructuring initiated in 2023. The transaction includes the issuance of EUR 600 mln (USD 706 mln) in HoldCo PIK notes…
Turkey's imported scrap prices held steady this week at USD 360-370 per ton CFR, with buying activity slowing as steel mills pause to assess market conditions before resuming procurement. Suppliers maintained firm offer…
Turkey's stainless steel producer Posco Assan, a joint venture between Posco and Kibar Holding, has reiterated the need for protective measures in response to rising low-priced imports that industry representatives say…
Turkey imported 8.37 mln tons of iron ore in the first ten months of 2025, a 5pct decline from the same period last year, according to data from the Turkish Statistical Institute (TUIK). Brazil remained the country's…
Iron ore prices dipped on Friday, pressured by rising inventories at Chinese ports and weak steel demand, both of which continue to reinforce a bearish outlook for the market. Port-side iron ore stocks have climbed to…
Jindal Steel Ltd. (formerly Jindal Steel and Power Ltd.) has significantly expanded its manufacturing capabilities at its Angul plant in Odisha, tripling its heat-treated plate capacity from 20,000 tons per month to…
Morocco's leading flat steel producer, Maghreb Steel, posted a 15pct YoY increase in revenue for the first nine months of 2025, supported by stronger sales in the domestic market. Revenue rose to MAD 4.42 bln (USD 480…
APL Apollo Tubes Company LLC, the UAE-based subsidiary of APL Apollo Tubes Limited, has obtained Steel Sustainability Australia (SSA) certification for the 2025-2026 cycle, the company announced. The SSA program…
Iron ore futures fell on Thursday, weighed down by weakening fundamentals and cautious sentiment across the steel value chain. Rising supply combined with softer steel demand continued to pressure prices, while…
Tata Steel's board has reaffirmed its long-term growth strategy for the India business, focusing on disciplined capital allocation, capacity expansion, downstream growth, and low-carbon technologies. Several key…
JFE Bars & Shapes Corporation (JFE BS), part of the JFE Group, has chosen Danieli to replace its existing DC electric arc furnace with a new 120-ton Digimelter equipped with the Q-One power-feeding system at Mizushima…
Thyssenkrupp will temporarily suspend its electrical steel production in response to intense import competition and a weak market environment, the company's steel division announced. Beginning mid-December, operations…
ArcelorMittal Poland has completed a major investment at its Krakow site, finishing a 44-day modernization of Galvanizing Line No. 2 to enable production of sheet metal with the company's new Optigal coating. The line…
Turkey exported 3.4 mln tons of rebar in the first ten months of 2025, marking a 22pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the top destination with 534,000 tons…
Jindal Steel Oman has signed a memorandum of understanding (MoU) with Sohar International Bank and Credit Oman to establish a framework that supports small and medium enterprises (SMEs) in procuring steel more…
Meranti Green Steel has appointed KfW IPEX-Bank as lead arranger and Jebsen & Jessen Industrial Solutions GmbH as a key partner for the export credit agency (ECA)-backed debt financing of its planned green HBI/DRI…
Iron ore futures rebounded on Wednesday after several sessions of losses, supported by growing expectations that Beijing may introduce new stimulus measures following another round of weak economic data. The latest…
Jingjiang Yongjin Metal Technology has issued the final acceptance certificate (FAC) to Primetals Technologies following the successful delivery and installation of a full Level 1 and Level 2 automation system at its…
Steel Authority of India Limited (SAIL) has awarded Danieli Corus the contract to build a new greenfield mega Blast Furnace No. 6 at the IISCO Steel Plant in Burnpur. With a working volume of 4,680 m3 and an inner…
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