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 prices posted gains on Thursday, supported by a pledge from China's central bank to support the country’s struggling property sector. However, the demand outlook remained bearish due to weak…
Iron ore futures extended losses on Wednesday, as market sentiments remained negative despite improved economic data. China's factory price deflation eased slightly, and the consumer price index increased marginally…
Stainless steel maker Jindal Stainless Ltd (JSL) has sought the government's intervention to check increasing imports of steel products from a select group of countries including China. Select few countries including…
China's iron ore futures recorded a decline on Thursday due to concerns over demand. This was primarily triggered by environmental output restrictions and reports indicating that major steel mills were instructed to…
China's iron ore futures continued their upward trajectory on Wednesday, driven by expectations of economic stimulus measures from the Chinese government. In response to signs of a cyclical slowdown, the ruling…
According to Acerinox's financial statement, the Spanish steelmaker experienced a significant decline in profits during both Q2 and H1 of 2023. In Q2 2023, the company's net profit dropped by 59pct YoY, amounting to EUR…
China's iron ore and steel futures posted gains on Tuesday following a meeting led by President Xi Jinping, during which the country's leaders pledged to introduce new measures to bolster the faltering economy. The…
Slovenska Industrija Jekla (SIJ), a Slovenian steel producer, has halted production at its stainless steel unit, SIJ Acroni, following an accident at its hot rolling mill. According to a statement by SIJ, on July 13, a…
Dalian iron ore futures faced downward pressure on Monday due to concerns over repayment issues at two major developers in China, which further deepened the crisis in the property sector. Country Garden and Dalian…
Yantai Walsin Stainless Steel Co., Ltd., based in China, has achieved a significant milestone by successfully rolling the first bar on its new Kocks Reducing & Sizing Block (RSB) 370++/4. This cutting-edge sizing block…
Dalian coking coal futures increased sharply on Wednesday following the disclosure of fatal accidents at coal mines in Shanxi and Liaoning provinces. These incidents have sparked concerns over the potential impact on…
Iron ore futures experienced a decline on Monday due to disappointing Chinese economic data, which dampened market sentiments. According to the National Bureau of Statistics (NBS), China's gross domestic product (GDP)…
The Ministry of Steel reported that India's overall steel import reached 484,000 tons, representing a 5.9pct month-on-month increase and a 7.6pct increase compared to June 2022. In June 2022, China accounted for 26.1pct…
Iron ore futures continued their upward trajectory on Friday, supported by expectations of additional stimulus measures. China's post-pandemic recovery has significantly slowed after a strong start in the first quarter…
Iron ore prices continued to climb on Thursday, bolstered by expectations of additional stimulus measures and dwindling inventory levels at Chinese ports. However, concerns over weakening export data dampened demand…
Iron ore and steel futures experienced gains on Wednesday, buoyed by positive market sentiments driven by expectations of additional stimulus measures and robust loan data. The China Securities Journal, a state-backed…
Despite the Chinese government's recent stimulus measures aimed at addressing the challenges faced by the troubled property sector, iron ore futures remained rangebound on Tuesday. The central bank's announcement of an…
Japanese metals giant Nippon Steel has developed a new type of stainless steel designed to better withstand contact with liquefied hydrogen, with an eye on the growing market for hydrogen refueling stations in Japan…
According to the latest statistics released by World Stainless Association (Worldstainless), stainless steel melt shop production decreased by 5 pct YoY to 13.66 mln tons in the first quarter of 2023. The stainless…
Iron ore futures tumbled on Monday as sentiments were dampened by unfavorable economic data. The National Bureau of Statistics (NBS) reported that the producer price index (PPI) fell for the ninth consecutive month in…
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