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
Iron ore futures surged, supported by the announcement of a major hydropower project and growing optimism over potential government stimulus measures. On Saturday, Chinese Premier Li Qiang announced the launch of a…
Iron ore futures rose on Friday, supported by firm near-term fundamentals and expectations of upcoming policy support from Beijing. Healthy profit margins have prompted blast furnace-based steel mills to boost…
India's Stella Metal & Tubes has awarded Danieli Breda a contract to supply a 20-MN steel extrusion plant in Gujarat to meet rising demand for stainless steel and corrosion-resistant alloy (CRA) pipes, primarily for oil…
Turkish stainless steel producer Saritas Celik is set to commission the second phase of its solar power plant (SPP) project at its Gebze facility, aiming to further cut carbon emissions and support its green production…
Iron ore futures extended gains on Thursday, supported by short-term supply constraints and firm steel production. A decline in iron ore inventories at major Chinese ports and improved profit margins has encouraged…
Iron ore futures rose on Wednesday, supported by firm near-term fundamentals despite lingering demand concerns. While overall steel production has declined, blast furnace-based producers have maintained high output…
Arvedi AST, a leading European stainless steel producer, has selected Fives to upgrade its cold annealing and pickling line to enhance productivity and meet growing demand in the food, chemical, construction, and…
Iron ore futures edged up slightly on Tuesday, buoyed by encouraging economic data from China, though lingering demand concerns limited further gains. China's GDP grew 5.2pct YoY in Q2 2025, according to the National…
Iron ore futures edged higher on Monday, supported by robust trade figures, though lingering concerns over demand tempered gains. China's exports rose 5.8pct YoY in June 2025 (in USD terms), according to customs data…
Iron ore futures extended their rally on Friday, driven by solid near-term fundamentals and optimism over potential regulatory action from Beijing aimed at curbing aggressive price competition in the steel sector…
Rodacciai has completed a key upgrade of its rolling mill at the Sirone plant, in collaboration with Italian automation specialist AIC (Automazioni Industriali Capitanio). The project marks a major step in the ongoing…
Iron ore futures climbed for a third consecutive session on Thursday, supported by growing expectations of fresh stimulus and regulatory action from Beijing aimed at curbing aggressive price competition. Investor…
Global stainless steel pipe manufacturer Butting has announced plans to establish its North American headquarters and first U.S. production facility in Baldwin County, Alabama, as part of a USD 61 mln investment…
Iron ore futures extended their gains on Wednesday, supported by firm short-term fundamentals, though gains were limited by mixed economic data and persistent concerns over demand. Despite a decline in overall output…
Oman Chromite has increased its equity stake in Gulf Alloys and Metals (FZC) LLC from 20pct to 30pct, strengthening its position in the value-added chrome supply chain. The company operates a low-carbon ferrochrome…
Iron ore futures edged slightly higher on Tuesday, supported by firm short-term fundamentals, though gains were limited by a weakening demand outlook. Chinese steel mills continue to operate at elevated output levels…
Ashry Steel Group plans to establish Egypt's first factory for manufacturing high-speed train wheels in Sadat City, aligning with the government's push to localize heavy industries and cut imports, local media reported…
Iron ore futures declined on Monday as weakening demand fundamentals weighed on market sentiment. Data from the China Iron and Steel Association (CISA) showed that average daily crude steel output among key member mills…
Iron ore futures rose further on Friday, supported by firm near-term fundamentals and renewed policy backing from Beijing. Higher production by blast furnace-based steelmakers, driven by strong profit margins, continued…
Iron ore futures rallied on Thursday, driven by optimism that Beijing may roll out policy measures to stabilize its industrial sector. Investors responded positively to signals from Beijing, where top officials pledged…
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