Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
739 news items in Stainless Steel. Show all
Iron ore futures rose slightly on Tuesday, supported by restocking activities from Chinese steel mills ahead of potential winter logistics disruptions. However, gains were limited by a weak outlook for steel demand and…
Iron ore futures rose on Monday, buoyed by restocking activities as steel mills prepared for potential winter disruptions and the upcoming February holiday. This proactive inventory replenishment provided some support…
Iron ore futures fell on Friday, reflecting cautious sentiment about the long-term demand outlook despite steady near-term demand. The decline comes after iron ore prices had risen in the previous four sessions…
Acerinox, a multi-national high-performance alloy and stainless steel manufacturing group based in Madrid, Spain, has finalized the acquisition of Haynes International through its U.S. subsidiary, North American…
Iron ore futures edged higher on Thursday, supported by restocking demand despite lingering uncertainty about demand. Steel mills have started replenishing inventories ahead of potential winter disruptions and the…
Iron ore futures extended gains for the third consecutive session on Wednesday, driven by expectations of economic stimulus. However, gains were capped by concerns over demand. Following Shanghai's recent relaxation of…
Iron ore futures climbed on Tuesday, buoyed by market optimism over potential additional stimulus measures. Positive sentiment was sparked by a press briefing from China's top economic planner, which raised expectations…
Iron ore futures rose on Monday, driven by new support measures for China's struggling property sector. Shanghai announced a relaxation of real estate policies, removing the distinction between ordinary and non-ordinary…
Iron ore futures declined further on Friday, pressured by a weak steel demand outlook. Seasonal slowdowns in steel demand during winter added to concerns, while high port-side inventories and rising imports created…
Iron ore futures declined on Thursday as weak demand fundamentals outweighed Beijing's new tax cuts for the property sector. Rising iron ore shipments to China are increasing port inventories, while steel mills face…
Iron ore futures traded within a narrow range on Wednesday as the market struggled for direction amid weak demand and hopes for supportive measures for the property sector. Investors remain optimistic that Beijing will…
Iron ore futures edged up on Tuesday amid reports of new housing incentives, despite weakening steel demand. Beijing is considering reducing taxes on home purchases, with Bloomberg reporting that the deed tax in major…
Iron ore futures fell on Monday, weighed down by weak demand fundamentals and a lackluster stimulus package, which dampened market sentiment. Demand for iron ore remains soft, driven by high port inventories and…
Iron ore futures fell on Friday as weak demand fundamentals weighed on the market, with China announcing new stimulus measures after the morning session closed. Beijing introduced a USD 1.4 trillion debt package aimed…
India's steel imports from April to September were led by China, with the country remaining a net importer, according to provisional government data, Reuters reported. India imported 4.7 mln tons of finished steel…
Korea's Posco Group is considering selling Posco Zhangjiagang Stainless Steel (PZSS) in China, part of a broader effort by Chairman Jang In-hwa to restructure low-profit and non-core assets, according to the local media…
Iron ore futures rose on Thursday as the market continued to hope for additional stimulus to address demand concerns. This week, traders have been looking to Beijing for possible economic support measures, with the…
Iron ore futures fell on Wednesday as demand outlook remained uncertain, despite hopes for additional stimulus measures. Rising iron ore inventories, increased imports from major miners, weak margins at steel mills, and…
Iron ore futures rose on Tuesday, supported by optimism for additional stimulus measures from Beijing, though demand concerns continued to weigh on the market. Chinese Premier Li Qiang expressed confidence in meeting…
Mill Steel Co., one of the largest distributors of flat-rolled carbon steel, stainless steel, and aluminum in the U.S., has acquired Maryland Metals Processing (MMP), a major stainless and aluminum toll processor based…
“Premium Content” marks a news item that needs a subscription to read in full.
