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 fell on Monday, pressured by weak economic indicators that dampened market sentiment. China's consumer prices declined for a fourth consecutive month in May, despite government efforts to boost domestic…
UAE-based steel producers say they do not expect a significant impact from the latest U.S. move to double tariffs on steel imports. Effective June 4, the U.S. has raised tariffs on steel and aluminum imports from 25pct…
Sohar Freezone has signed a land lease agreement with Matrix Alloys (FZC) LLC to establish a state-of-the-art, environmentally friendly ferrochrome plant. The USD 10 mln project supports Oman's push toward sustainable…
Iron ore futures recovered on Wednesday, although the demand outlook for this crucial steelmaking ingredient remains uncertain. The recent gains were largely driven by profit-taking, as traders capitalized on short-term…
India's stainless steel demand is projected to grow by 7-8pct annually over the next two to three years, driven by infrastructure development and expanding industrial applications, according to the Indian Stainless…
Ashry Steel Group is set to invest more than EUR 600 mln (USD 685 mln) in a new seamless stainless steel pipe factory, following the recent approval of its production license and formal accreditation from the Egyptian…
Iron ore futures declined in post-holiday trading on Tuesday, pressured by renewed demand concerns and the U.S. decision to double steel tariffs. Market sentiment was further dampened by escalating trade tensions, as…
Iron ore futures fell on Friday, pressured by declining steel production and subdued market sentiment during pre-holiday trading. Blast furnace-based steel mills are increasingly suspending operations for maintenance…
Iron ore futures ended a four-day losing streak on Thursday, lifted by improved market sentiment after a U.S. federal court blocked President Donald Trump's broader tariffs from taking effect. The court ruled that Trump…
Outokumpu, a global leader in sustainable stainless steel, has partnered with Danish water solutions company Grundfos to accelerate the use of low-emission materials. As part of the collaboration, most of the stainless…
Iron ore futures continued to decline on Wednesday as a weak demand outlook weighed heavily on market sentiment. Recent signs of slowing steel production have raised concerns over iron ore consumption. Weaker demand for…
Primetals Technologies has received the Final Acceptance Certificate (FAC) from Outokumpu Stainless USA for the successful upgrade of process optimization systems at its Calvert, Alabama facility. The project involved a…
Iron ore futures continued to decline on Tuesday amid weakening demand fundamentals, driven by fresh reports of potential steel production cuts in China. Tang Zujun, vice-president of the China Iron and Steel…
Turkey's Saritas Celik has officially commenced work on an integrated stainless steel production facility in the Yalova Machinery Specialized Organized Industrial Zone. With an annual capacity of 800,000 tons, the…
Iron ore futures fell on Monday as weakening steel production, driven by slowing demand, dampened market sentiment. According to the China Iron and Steel Association (CISA), average daily crude steel output among its…
Iron ore futures declined on Friday, weighed down by softening steel demand and cautious market sentiment. The seasonal slowdown in steel consumption, typical during the summer months, has led to a slower pace of…
Dalian iron ore futures rose slightly on Thursday, supported by firm near-term demand. However, gains were limited due to ongoing uncertainty surrounding long-term demand prospects. Steel production remained elevated…
The South Korean government has decided not to extend anti-dumping duties on stainless flat-rolled steel imports from China, Indonesia, and Taiwan, opting instead for a price commitment mechanism to address concerns…
Iron ore futures inched higher on Wednesday, though market sentiment remained subdued due to a cautious demand outlook. Near-term demand provided some support, as stable profitability encouraged steel mills to maintain…
Iron ore futures saw a modest uptick on Tuesday, supported by firm near-term demand, though broader market gains were limited by long-term economic concerns. Despite a month-on-month dip in steel production for April…
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