Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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India's state-owned iron ore producer NMDC has signed a four-year memorandum of understanding (MoU) with Steel Exchange India Limited (SEIL) for long-term supply of iron ore fines. Under the agreement, SEIL will source…
Bull Moose Tube Company has completed the acquisition of Hanna Steel Corporation, a US producer of structural and mechanical steel tubing, expanding its manufacturing and product portfolio. Hanna Steel will operate as a…
Greek steel pipe producer Corinth Pipeworks has been awarded a contract by DESFA, the operator of Greece's National Natural Gas System, for the manufacture and supply of steel pipes for the Duplication of…
Turkish steelmaker Kardemir has raised its rebar and wire rod prices in its latest price list. The company is offering 12-32 mm rebar at TRY 29,750 (USD 614) per ton EXW, excluding VAT, up from TRY 28,625 per ton (USD…
Turkish steelmaker Kardemir has expanded its heavy profile steel range with S355JR and S355J2 structural steel grades for applications requiring high strength and load-bearing capacity. Kardemir said it has achieved…
Vallourec has confirmed the signing of an agreement with Saudi Aramco for the supply of oil country tubular goods (OCTG), confirming media reports previously cited by MESTEEL. Aramco's original announcement on August 26…
China's iron ore futures edged lower on Wednesday as demand sentiment remained mixed, with tight steel mill margins and a lack of substantial improvement in steel demand weighing on the market. Market insiders said…
India's state-run iron ore producer NMDC has increased its domestic lump ore prices by INR 150 (USD 1.57) per ton, effective September 9, while keeping fines prices unchanged. The company now offers 65.5pct Fe lump ore…
Vietnamese steelmaker Formosa Ha Tinh Steel has increased its domestic HRC prices for October-November delivery, with SAE1006 and SS400 grades now offered at around USD 540-550 per ton CIF Vietnam, depending on order…
South Korean steelmaker POSCO plans to invest around USD 359 mln to build a new automotive steel plant at its integrated steelworks in Gwangyang, as it expands its high-end steel product business. The facility is…
MagIron has completed a concept and economic study with Primetals Technologies evaluating large-scale granulated pig iron production integrated with its existing facilities in Minnesota and Indiana. The study assessed…
The London Metal Exchange (LME) will launch its new Steel HRC Shanghai futures contract on October 27, 2026, providing international market participants with an additional route to access the Shanghai Futures Exchange…
German steelmaker MSW Moselstahlwerk has appointed KRUDO Industrial to market and sell its electric steelmaking facility in Trier as part of the company's ongoing restructuring. The sale comes as European steelmakers…
Saudi Arabia's billet market remains heavily affected by logistics disruptions, with tight vessel availability, high freight costs and lengthy berthing delays continuing to complicate imported supply. At the same time…
The European Union's Court of Justice has dismissed appeals by Turkish steel producers Colakoglu Metalurji and Erdemir challenging the EU's definitive anti-dumping measures on certain hot-rolled (HR) flat steel products…
China's iron ore futures rose on Tuesday, extending the previous day's gains, as expectations of pre-holiday restocking and firmer sentiment across the steel market continued to support prices. Analysts said steel mills…
China's finished steel exports declined 3pct YoY to 75.15 mln tons during the first eight months of 2026, according to the latest data from the General Administration of Customs (GACC). Despite the cumulative decline…
Shyam Metalics and Energy reported strong YoY sales growth across most key product segments in August 2026, led by a more than doubling of carbon steel flat product sales. Carbon steel flat sales increased 114.14pct YoY…
Mexico's Ministry of Economy has concluded its antidumping investigation into hot-rolled (HR) steel imports from China and Vietnam, imposing definitive compensatory duties on the affected products. The investigation…
Barca Metals has completed inspection and validation of key equipment for its new shredder-based scrap recycling plant at Razorback, New South Wales, supplied by Danieli Centro Recycling. The inspection at Danieli…
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