Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures slipped on Thursday as uncertainty over demand persisted. While restocking by Chinese steel mills ahead of the October holidays and expectations of stronger steel demand provided some support, concerns…
India's JSW Steel has approved the acquisition of additional economic interest in M Res NSW HCC Pty Ltd through its subsidiary, JSW Steel (Netherlands) B.V., for USD 60 mln. Following the transaction, JSW's interest in…
China Steel Corp (CSC), Taiwan's largest steelmaker, will raise domestic prices of HRC, plates, CRC, and rerolling-grade HRC by TWD 500 (USD 16.5) per ton for October, while keeping EG, galvanized, and electrical steel…
SSAB has begun construction of its new steel mill in Lulea, marked by a groundbreaking ceremony attended by Sweden's Deputy Prime Minister and Minister for Energy, Business and Industry, Ebba Busch, and SSAB CEO Johnny…
Turkish steelmaker Kardemir has opened a new sales round for rebar and wire rod, according to its latest price list. Rebar was set at TRY 22,475 per ton (USD 544), slightly higher than TRY 22,455 per ton (USD 547) in…
Jindal Steel Duqm, a subsidiary of Jindal Steel Group, has placed an order with Danieli for a second hydrogen-ready direct reduction plant to produce hot-briquetted iron (HBI) in Duqm, Oman. The move follows the…
Iron ore futures remained range-bound on Wednesday as demand concerns weighed on sentiment. Iron ore consumption was supported by Chinese steel mills boosting output after Tangshan lifted environmental curbs, along with…
Jindal Steel International, part of India's Naveen Jindal Group, has submitted a non-binding offer to acquire Thyssenkrupp Steel Europe (TKSE), according to company and media reports. The potential deal is estimated at…
Turkey imported 2.5 mln tons of billets in the first seven months of 2025, up nearly 62pct YoY, according to data from the Turkish Statistical Institute (TUIK). Malaysia was the largest supplier, shipping about 687,300…
Asas Steel FZC has been reinstated to the CARES Steel for the Reinforcement of Concrete (SRC) Scheme after auditors completed a full reassessment of its operations. The UAE-based rebar producer was suspended earlier…
Iron ore futures rebounded on Tuesday, supported by firm near-term demand, though concerns about the outlook persist. Daily crude steel production at China Iron and Steel Association (CISA) member mills averaged 2.08…
Tata Steel has awarded John Cockerill India a contract worth about INR 80 crore (USD 9 mln) to supply pickling and acid regeneration plants (ARP) for its Tinplate Division in Jamshedpur, Jharkhand. The scope includes…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, has announced price cuts for October sales under its latest monthly policy. For flat products, HRC (1.7-22 mm) and pickled and oiled coil (1.7-6 mm)…
Turkey imported 2.27 mln tons of hot-rolled coil (HRC) in the first seven months of 2025, up 3.5pct YoY, according to data from the Turkish Statistical Institute (TUIK). China was the top supplier with 914,800 tons…
Iron ore futures declined on Monday as weak economic data dampened market sentiment, though firm near-term fundamentals helped limit losses. China's economy showed further strain in August, with sluggish domestic demand…
Indian steel producer Godawari Power and Ispat (GPIL) has awarded an INR 500 mln (USD 56.7 mln) contract to John Cockerill India for the engineering, design, manufacture, and supply of a 6HI Cold Rolling Mill at Tilda…
Vallourec, a global leader in premium seamless tubular solutions, has secured a major contract with Petrobras following a competitive bidding process. The long-term deal, running from 2026 to 2029, could generate up to…
Vale has signed a long-term contract of affreightment (COA) with South Korea's largest shipping company, HMM, worth KRW 430 bln (USD 310 mln). Under the deal, HMM will transport iron ore using five bulk carriers over a…
LKAB's board has approved a SEK 6 bln (USD 646 mln) investment to build a new sorting plant at the Malmberget mine in Gallivare, strengthening production capacity and reducing environmental impact. Construction will…
Turkey's scrap import prices held largely stable this week at USD 335-345 per ton CFR, edging down slightly from USD 337-345 per ton CFR a week earlier, as limited buying activity continued. With finished steel demand…
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