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Thursday, September 3, 2026
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GCC flat steel imports remain challenged by freight and vessel disruptions
GCC flat steel buyers continue to face uncertainty over imported supply as vessel availability, freight costs and disruptions around key shipping routes complicate procurement....Welspun, Perma-Pipe sign MoU to establish pipe manufacturing facilities in Jordan
Welspun Corp and Perma-Pipe International Holdings have signed a memorandum of understanding (MoU) with the developers of Jordan's National Water Carrier Project and the...Molan Steel losses widen in H1 on lower revenue
Saudi Arabia's Molan Steel Co. reported a 72pct YoY decline in revenue to SAR 9.3 mln (USD 2.47 mln) in the first half of...Govt explores investment opportunities with Gonvarri Steel
Spanish steel processing company Gonvarri Steel Industries is exploring investment opportunities in Egypt, with potential projects spanning the automotive, renewable energy and steel structures...
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Iron ore futures retreat as demand concerns weigh on sentiment
China's iron ore futures dropped on Wednesday as concerns over steel demand limited buying interest. Market sentiment has cooled following the recent rally, with traders...Jindal Stainless to raise coin blank capacity amid demand expectations
Jindal Stainless is expanding its annual coin blank manufacturing capacity by 20pct to 12,000 tons, driven by expectations of higher demand for non-paper currency...NMDC’s iron ore production and sales rise in August 2026
India's NMDC Ltd reported provisional iron ore production of 4.07 mln tons in August 2026, up 20.8pct YoY from 3.37 mln tons a year...ArcelorMittal to close steelworks and billet plant at Duisburg
ArcelorMittal plans to permanently end crude steel production and billet production at its Duisburg site from October 2027, while keeping the downstream wire rod...
- Prices
GCC flat steel imports remain challenged by freight and vessel disruptions
GCC flat steel buyers continue to face uncertainty over imported supply as vessel availability, freight costs and disruptions around key shipping routes complicate procurement....Iron ore futures retreat as demand concerns weigh on sentiment
China's iron ore futures dropped on Wednesday as concerns over steel demand limited buying interest. Market sentiment has cooled following the recent rally, with traders...Asian HRC prices strengthen as higher costs support mill offers
Asian HRC prices have strengthened in recent weeks, supported by rising raw material costs in China and expectations of improving seasonal demand, although buying...Iron ore futures consolidate as cooler sentiment offsets cost support
China's iron ore futures remained broadly stable on Tuesday as firmer raw material costs and expectations of seasonal demand were offset by cooler market...
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