Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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738 news items in Stainless Steel. Show all
Iron ore futures edged lower on Tuesday as the market struggled to find clear direction, with lower global shipments offset by subdued steel demand and cautious sentiment ahead of potential policy support from Beijing…
The U.S. International Trade Commission (USITC) has launched preliminary antidumping (AD) investigations into imports of welded stainless steel line and pressure pipe from Turkey, the United Arab Emirates (UAE) and…
Iron ore futures drifted lower on Monday as sluggish downstream steel demand continued to weigh on sentiment, while investors awaited policy signals from China's Politburo meeting later this week. Market insiders said…
Iron ore futures edged lower on Friday as fresh steel production curbs in Tangshan weighed on the demand outlook, while hopes for fresh policy support ahead of next week's Politburo meeting were tempered by doubts over…
Iron ore futures posted gains on Thursday as expectations of additional Chinese policy support ahead of next week's Politburo meeting lifted market sentiment, while higher freight costs increased the delivered cost of…
Iron ore futures weakened on Wednesday as expectations of rising global supply continued to pressure the market, while increased blast furnace maintenance at Chinese steel mills added to concerns over near-term demand…
Iron ore futures declined on Tuesday as subdued steel demand and cautious purchasing by Chinese mills continued to pressure the market, while expectations of rising global supply kept sentiment weak. Market insiders…
Spanish seamless tube producer Tubos Reunidos has supplied 160 tons of seamless stainless steel tubes for the Gorakhpur Nuclear Power Plant (GHAVP) in India, strengthening its presence in the global nuclear supply…
Iron ore futures edged lower on Monday as weak steel demand continued to weigh on market sentiment, offsetting support from weather-related disruptions to iron ore arrivals in China. Market insiders said heavy rainfall…
Jindal Stainless Limited (JSL) has supplied around 40pct of the stainless steel used in India's first hydrogen-powered train, supporting the country's efforts to develop low-emission rail transport. The company produced…
Iron ore futures edged higher on Friday as tighter port supplies and continued inventory drawdowns in China lent support to the market, although weak downstream steel demand continued to cap gains. Market insiders said…
Iron ore futures were little changed on Thursday as resilient Chinese steel production and a weekly drawdown in port-side inventories helped offset concerns over the medium-term demand outlook. According to the China…
Turkish stainless steel producer Ukinox has signed a USD 14 mln agreement to establish a stainless steel kitchen sink manufacturing plant in Egypt's Sokhna Industrial Zone within the Suez Canal Economic Zone (SCZone)…
Iron ore futures extended gains on Wednesday despite mixed steel market signals, while weak steel demand and slowing economic growth continued to cloud the medium-term outlook. China's crude steel production increased…
Outokumpu Stainless USA has placed an order with Primetals Technologies for a 180-ton twin ladle furnace to be installed at its stainless steel facility in Calvert, Alabama. The new furnace will replace a ladle…
Iron ore futures gained on Monday, reversing earlier losses as supply concerns in Australia offset the weak outlook for steel demand and Chinese mill profitability. Iron ore prices found support after workers at BHP's…
Iron ore futures fell on Friday as the demand outlook remained weak, with seasonal slowdown in steel consumption continuing to pressure Chinese steel mills' margins. Market insiders said sluggish steel demand and rising…
Marcegaglia has awarded Fives a contract to modernize the annealing and pickling line (APL) at its Gazoldo degli Ippoliti stainless steel plant in Italy, as part of its strategy to further automate production and…
Iron ore futures rose slightly on Friday, supported by expectations of tighter near-term supply, although weak steel demand and declining hot metal output continued to limit further gains. Markets continued to balance…
Iron ore futures edged higher on Thursday, supported by concerns over a potential supply disruption at BHP's Port Hedland operations in Western Australia, although weakening steel demand continued to limit price gains…
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