Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
750 news items from China. Show all
Dalian iron ore futures remained largely unchanged on Friday as concerns over demand continued to weigh on market sentiment. Weak economic growth and ongoing troubles in the property sector have led to cautiousness…
Dalian iron ore futures extended their decline on Thursday, falling for the fifth consecutive session, as the outlook for iron ore demand remains weak despite a modest recovery in steel demand. The improvement in steel…
Iron ore futures extended their losses for a fourth consecutive session on Wednesday, as market sentiment remained pessimistic. The bearish outlook was driven by higher port-side iron ore inventories and weak steel mill…
Iron ore futures tumbled on Tuesday, pressured by a bearish demand outlook driven by a contraction in manufacturing. The official manufacturing PMI fell to a six-month low of 49.1, according to the National Bureau of…
Iron ore futures plunged on Monday, weighed down by weak official PMI data. The manufacturing PMI dropped to a six-month low of 49.1, according to the National Bureau of Statistics, intensifying pressure on Beijing to…
Iron ore futures declined on Friday as market remained cautious due to ongoing demand concerns. Iron ore inventories at major Chinese ports rose on a weekly basis, while weak profitability at steel mills kept the…
Iron ore futures rose on Thursday, driven by expectations of improving demand in the near future, though concerns about long-term demand persist. The reduction in finished steel inventory at major Chinese warehouses…
Iron ore futures ended flat on Wednesday after an initial pullback, as the market remained cautious about demand outlook. Expectations of improved demand during the peak consumption season encouraged steel mills to…
China's steel industry slowdown is deepening, with BHP Group Ltd., the world's largest miner, and China Baowu Group Ltd., the top iron ore buyer, raising concerns as demand wanes after decades of growth, Bloomberg…
Iron ore futures continued to rise on Tuesday, driven by restocking demand and optimism over near-term steel demand. Expectations of improved steel consumption have prompted steelmakers to replenish iron ore stocks…
Major Chinese steel producer, Baoshan Iron & Steel (Baosteel) reported nearly unchanged net profit for the first half of 2024, as strong overseas orders and cost-cutting measures counterbalanced weak domestic demand…
Iron ore futures surged on Monday, buoyed by optimism that steel demand may increase in the near future. Market sentiment improved as traders anticipated that recent property-support measures and better weather…
Iron ore futures fell on Friday as weak fundamentals weighed on market sentiment. Chinese steel mills faced pressure from weak margins, leading to output cuts that further darkened the demand outlook for iron ore…
China will temporarily suspend its steel capacity replacement program, which began in June 2021, potentially limiting the long-term expansion of steel capacity. China's Ministry of Industry and Information Technology…
Iron ore futures continued their upward trend on Thursday, driven by recent property-supportive measures, though long-term demand concerns remain. The National Financial Regulatory Administration (NFRA) reported that…
Iron ore futures surged on Wednesday, driven by positive market sentiment following several supportive property-related measures. According to the National Financial Regulatory Administration (NFRA), China's commercial…
Dalian iron ore futures extended gains on Tuesday, driven by hopes for improving steel demand, though concerns about long-term demand remain. Analysts noted a decline in steel inventories at major Chinese warehouses…
Dalian iron ore futures posted gains on Monday, recovering from earlier losses as expectations of improved steel demand supported the market, although long-term demand concerns persist. Analysts noted that better…
Iron ore futures fell for a fifth consecutive session on Friday as a bearish demand outlook continued to weigh on market sentiment. Iron ore futures also dropped 6pct compared to the previous Friday's morning session…
Iron ore futures extended their losses on Thursday, driven by weak steel production data and concerns about demand. China's crude steel output fell by 9pct YoY to 82.9 mln tons in July and dropped 9.5pct compared to the…
“Premium Content” marks a news item that needs a subscription to read in full.
