Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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738 news items in Stainless Steel. Show all
Outokumpu has advanced plans for a restructuring program aimed at achieving EUR 100 mln (USD 117 mln) in structural cost savings by the end of 2027, following its earlier announcement in July. The program will primarily…
Iron ore futures declined on Tuesday as disappointing manufacturing data weighed on sentiment. China's manufacturing PMI edged up to 49.8 in September from the previous month but remained in contraction for the sixth…
Saudi-based Naqi Water, a producer and bottler of purified drinking water, has signed a SAR 4.2 mln (USD 1.2m) contract with Middle East Factory for Machines Co. (MEMCO) to supply and install a stainless-steel…
Iron ore futures fell on Monday as demand concerns deepened ahead of China's October holidays. Iron ore consumption has slowed as mills completed restocking before the October 1-8 break, reflected in rising inventories…
Iron ore futures fell on Friday as slowing demand ahead of China's October holidays weighed on sentiment. The market had been supported earlier in the week by pre-holiday restocking, but sources noted most mills have…
Iron ore futures rose slightly on Thursday, supported by restocking demand ahead of China's National Day holidays (October 1-8), though the longer-term outlook remains bearish. Chinese steel mills continue to replenish…
Iron ore futures were flat on Wednesday as an uncertain demand outlook weighed on sentiment. The market continues to draw some support from restocking ahead of China's October holidays and higher steel production in…
Iron ore futures fell on Tuesday as weak steel demand weighed on market sentiment. Pre-holiday restocking ahead of China's early October holidays provided some support, but sluggish steel consumption and high production…
Iron ore futures rose on Monday, supported by restocking demand from Chinese steel mills ahead of the October holidays and firm steel production levels. Commodity markets also expect additional policy support as Beijing…
Outokumpu has released a whitepaper, The Evolution of Materials, outlining how recent tariffs and geopolitical tensions are changing global stainless steel sourcing strategies. Based on a May 2025 survey of 70 senior…
Iron ore futures climbed on Friday, supported by restocking demand ahead of the October holidays and higher steel production levels. Analysts noted that these factors are underpinning near-term demand for iron ore…
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…
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…
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…
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…
Iron ore futures closed nearly flat on Friday, with firm near-term demand tempered by sluggish steel consumption. Market sentiment was supported by expectations of resumed steel production after environmental curbs were…
Aperam Stainless Belgium has signed a long-term Power Purchase Agreement (PPA) with LRM to source renewable electricity from Kristal Solar Park, Belgium's largest photovoltaic installation. The deal reinforces Aperam's…
Iron ore futures slipped on Thursday as concerns over weak steel demand resurfaced. Rising inventories of finished steel products, particularly long steel, at major Chinese stockists highlighted sluggish domestic…
Iron ore futures rose slightly on Wednesday, supported by expectations of stronger steel output after environmental curbs on Tangshan mills were lifted last week. A drop in weekly shipments from major suppliers also…
Outokumpu, a global leader in sustainable stainless steel, has signed a Memorandum of Understanding (MoU) with Boston Metal to accelerate the development of carbon-free metals for industries such as defense and…
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