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 and steel futures markets remained subdued on Wednesday due to persistent weak fundamentals. Major steel producer Baosteel decreased HRC prices by 100 yuan per ton for August sales in the domestic market…
Dalian iron ore futures continued to decline on Tuesday, weighed down by demand concerns. The increase in iron ore imports and the already high inventory levels at Chinese ports have further worsened the outlook for…
India's Shyam Metalics and Energy announced a significant increase in its stainless steel production, which surged 100.69pct YoY to 7,015 tons in June 2024, compared to 3,496 tons in June 2023. However, the production…
The Pakistani government has increased duties on a range of imported products, including several steel items, to reduce financial losses as the country seeks to secure a loan agreement of over USD 6 bln with the…
Iron ore futures dropped on Friday due to weak steel output figures and slow steel demand, negatively impacting market sentiment. Based on recent figures released by the China Iron and Steel Association (CISA), major…
Iron ore futures saw their fifth consecutive session of gains on Thursday, buoyed by robust short-term demand and ongoing expectations of further stimulus measures. Chinese steel producers are maintaining production…
Iron ore futures continued to post gains on Wednesday, driven by near-term demand and expectations of additional stimulus from a key government meeting scheduled for mid-July. Improved data from the real estate sector…
Dalian iron ore futures extended their gains on Tuesday, driven by expectations of additional stimulus measures. Despite the traditional summer slowdown in construction activity leading to weaker steel demand and…
Finland’s Outokumpu has agreed to sell its distribution business in Mexico City, Guadalajara, and Monterrey, formerly known as Outokumpu Mexinox Distribution (OMD). The agreement was made with Prominox, the largest…
Iron ore futures prices rose on Monday, buoyed by positive manufacturing data and hopes for additional stimulus measures. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) increased to 51.8 in June…
Iron ore futures extended gains on Wednesday, buoyed by hopes of stimulus measures for the troubled property sector. However, demand concerns persist due to high portside inventory and a seasonal slowdown in steel…
India’s steel imports reached 1.3 mln tons in the first two months (April and May) of FY25, up 37pct YoY, surpassing exports, which stood at 0.94 mln tons, down 40pct YoY. This shift underscores India’s position as a…
Iron ore futures plunged on Monday as the traditional slowdown in steel demand, weighing on market sentiments. Despite a recent weekly drop, mounting iron ore inventory at Chinese ports continues to pressure iron ore…
The Indian commerce ministry's investigation arm, the Directorate General of Trade Remedies (DGTR), has recommended continuing countervailing or anti-subsidy duties on welded stainless steel pipes and tubes from China…
Iron ore futures fell on Friday as market sentiments remained negative due to potential steel output curbs and a slowdown in steel demand, which continued to pressure the futures market. Other raw material and steel…
Iron ore futures remained under pressure on Thursday as market sentiments stayed pessimistic. The increasing inventory at Chinese ports and potential output curbs continue to cast a bearish outlook on iron ore demand…
Jindal Stainless supplied stainless steel to manufacture 100 freight wagons, being exported to Mozambique, the company announced in a press release. These wagons, made up of grade IRSM 44 stainless steel specially…
Iron ore futures fell on Wednesday due to weak fundamentals impacting market sentiment. The decline is attributed to several factors: low steel mill margins, increasing portside inventory, a slowdown in steel demand…
Iron ore futures extended their gains on Friday, buoyed by increased steel output, though the demand outlook remained bleak due to weak fundamentals. According to the China Iron and Steel Association (CISA), member…
Jindal Stainless has completed the acquisition of the remaining 46pct stake in Chromeni Steels (CSPL) for a total consideration of INR 277.90 crore (USD 33.2 mln). CSPL operates a cold rolling mill in Mundra, Gujarat…
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