Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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740 news items in Stainless Steel. Show all
Iron ore futures remained nearly unchanged on Monday, rebounding from earlier losses thanks to strong industrial data. Weak steel demand fundamentals, however, limited gains. Profits at China's industrial companies grew…
SMS group has installed a new twin-stand Steckel mill at Shandong Tisco Xinhai Stainless Co. Ltd. in China. On June 21, the mill successfully rolled five coils in continuous operation, achieving dimensions of 1500 mm…
Dalian iron ore futures recovered on Friday, buoyed by Beijing's latest stimulus measure, although demand fundamentals remain weak. Chinese authorities announced the allocation of 300 bln yuan (USD 41.4 bln) in…
Steelmaking raw materials and steel futures slumped on Thursday as weak steel demand continued to weigh on market sentiment. According to the China Iron and Steel Association (CISA), daily crude steel output among…
Turkey's imports of stainless steel flat products increased slightly by 1pct YoY in the first five months of 2024, according to data from the Turkish Statistical Institute (TUIK). In Jan-May 2024, Turkey imported…
Iron ore and most steel futures extended their losses on Wednesday, pressured by a weakening steel market and ongoing concerns about demand. Higher port-side inventory, despite a slight recent weekly decline, and weak…
Iron ore futures extended losses on Tuesday, with weak demand fundamentals and a lack of stimulus from a key government meeting last week darkening the outlook. China's shaky economic recovery is hampered by weak…
Indian Finance Minister Nirmala Sitharaman has proposed eliminating the import duty on ferro-nickel, a key raw material for stainless steel production, and extending the duty exemption on ferrous scrap imports. "To…
Iron ore futures edged lower on Monday as Beijing's policy rate cuts failed to lift market sentiment. China's central bank lowered benchmark interest rates on Monday in an effort to boost economic growth. The one-year…
China's Ministry of Commerce announced that it will conduct a one-year sunset review investigation of the anti-dumping measures on imports of stainless steel billet and hot-rolled stainless steel from the EU, the UK…
Cogne Acciai Speciali has contracted Danieli Service for a modernization project at its Aosta, Italy, facility. The project will focus on revamping the cooling chamber of the continuous casting machine for special steel…
Iron ore futures fell on Friday due to weak seasonal demand for steel and a lack of stimulus measures from Beijing. Commodity markets were underwhelmed as the government's key meeting this week failed to signal any…
Iron ore futures extended their losses on Thursday, pressured by ongoing weak steel demand. Traditionally, steel demand slows during the summer, but it has been further impacted by heavy rainfall in several regions of…
Iron ore and steel futures slumped on Wednesday as weak demand fundamentals continued to weigh on market sentiment. Weak steel mill margins, driven by sluggish steel demand and mounting iron ore port-side inventory…
Iron ore futures declined on Tuesday as demand concerns overshadowed persistent hopes for stimulus measures. According to recent data from the China Iron and Steel Association (CISA), major member steel producers…
Iron ore futures rose on Monday as disappointing economic data fueled hopes for additional stimulus measures from a key meeting this week. China's economy grew 4.7pct YoY in the second quarter, according to official…
The latest data from the World Stainless Association (Worldstainless) showed that global stainless steel melt shop production increased by 5.5pct YoY in Q1 2024, reaching 14.585 mln tons. However, the output declined by…
Iron ore futures inched up on Friday, driven by expectations of stimulus despite weak fundamentals. Commodity markets are anticipating the announcement of stimulus measures at a key government meeting next week…
Iron ore futures recovered on Thursday as the market anticipates Beijing to unveil stimulus measures in a key meeting scheduled from July 15 to July 18. The expectation of stimulus measures is further fueled by…
Acciaieria Arvedi, a leading Italian steel producer, has commissioned Primetals Technologies to upgrade its two vacuum degassers (VD) at the Cremona plant, Italy, with plans for completion by the second half of 2025…
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