Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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739 news items in Stainless Steel. Show all
Iron ore futures recovered on Friday as markets anticipated further fiscal stimulus announcements by Beijing ahead of a key press conference. China's Finance Minister is set to outline plans to intensify fiscal stimulus…
Iron ore futures continued their decline on Thursday, despite gains earlier in the session, as uncertainty surrounding Beijing's stimulus measures weighed on the market. Futures initially rose after reports that China's…
Iron ore futures extended losses on Wednesday, as the lack of additional stimulus measures dampened market sentiment. The sharp rally seen before the holidays cooled off after a press briefing by the National…
Iron ore futures reversed earlier gains and posted a loss in post-holiday trading on Tuesday, as markets were disappointed by a recent statement from the National Development and Reform Commission (NDRC), which dampened…
Iron ore and other raw materials, along with steel futures, posted sharp gains during pre-holiday trading on Monday, driven by Beijing's latest stimulus measures that have improved market sentiment and the outlook for…
Jindal Stainless, India's largest stainless steel manufacturer, has teamed up with CJ Darcl Logistics Limited to develop lightweight and sustainable stainless steel containers. These containers are made from…
Iron ore futures extended their rally for a fourth consecutive session on Friday, driven by Beijing's recent stimulus measures. This week, China's central bank announced a reduction in the reserve requirement ratio…
Iron ore futures extended gains for a third consecutive session on Thursday, driven by China's pledge for additional stimulus, which restored confidence just as the effects of the latest monetary easing measures began…
Iron ore futures extended gains on Wednesday as Beijing's recent stimulus measures fueled optimism for steel demand. Following Tuesday's broad policy easing, the Chinese central bank cut medium-term lending rates to…
Iron ore futures surged on Tuesday following Beijing's announcement of monetary stimulus aimed at supporting the economy. China's central bank introduced several policy measures, including a cut to the reserve…
Primetals Technologies has secured a five-year cost-per-ton maintenance contract with Outokumpu Stainless USA, a leading stainless steel manufacturer. Under this agreement, Primetals will oversee the repair and…
Iron ore futures tumbled on Monday as market sentiment weakened due to the absence of new stimulus measures from Beijing. Despite expectations of a rate cut to bolster the economy, the Chinese central bank kept the…
India's finished steel imports from China reached a seven-year high in the first five months of the 2024/25 fiscal year, according to provisional government data reported by Reuters. Overall, India's finished steel…
Iron ore futures edged higher on Friday but relinquished some gains by session's end after Beijing maintained its benchmark lending rates. The Chinese central bank maintained the one-year loan prime rate at 3.35pct and…
Iron ore futures gained on Thursday, driven by stimulus hopes despite ongoing demand concerns. The optimism was fueled by the US central bank's decision to cut interest rates for the first time in over four years…
Iron ore futures plunged on Wednesday following the post-holiday resumption of trading, driven by cautious market sentiment surrounding demand prospects. Chinese commodity markets were closed earlier in the week due to…
Marcegaglia has commissioned Primetals Technologies to undertake a comprehensive modernization of its spout-type electric arc furnace (EAF) and dedusting system at the Sheffield plant. This upgrade is part of…
Iron ore futures declined on Friday but recorded weekly gains as mills increased production to capitalize on improved steel demand. The reduction in steel inventories at major Chinese warehouses, signaling stronger…
Iron ore futures rose on Thursday, driven by pre-holiday restocking activity, which lifted market sentiment. Steel inventories at major Chinese warehouses continued to decline ahead of the Mid-Autumn Festival holidays…
Iron ore futures rose on Wednesday, supported by improving steel demand, which boosted market sentiment. Major steel producers, Baosteel and Shagang, kept domestic prices for long and flat steel products unchanged, a…
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