Tuesday, January 28, 2025
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    Scrap imports up from 2023 lows but lag behind pre-crisis levels

    Flat admin - 0
    In 2024, Pakistan experienced a modest recovery in annual scrap imports, though volumes remained relatively low, according to data from the Pakistan Bureau of...
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    Tata Steel Q3 FY25 earnings hit by weak steel prices

    Expansions / Changes admin - 0
    Tata Steel posted a 43.41pct YoY decline in consolidated net profit after tax, falling to INR 295 crore (USD 34.1 mln) in Q3 FY25,...
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    Saarstahl to supply carbon-reduced rails to SNCF Reseau

    Germany admin - 0
    Saarstahl Rail, a subsidiary of Saarstahl AG, has signed a major contract with French company SNCF Reseau for the supply of CO2-reduced rails. The...
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    Koc Metalurji orders overhead cranes for new rolling mill project in Osmaniye

    Expansions / Changes admin - 0
    Turkish steelmaker Koc Metalurji has taken a significant step in expanding its production capacity by signing a USD 4.84 mln contract, including VAT, with...
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    Iron ore futures surge ahead of Chinese New Year holiday

    China admin - 0
    Iron ore futures rallied on Monday during pre-holiday trading, supported by firm near-term demand ahead of China's week-long Chinese New Year holiday (January 28-February...
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    Fortescue reports slight increase in iron ore shipments for Dec quarter

    Australia admin - 0
    Australian miner Fortescue announced a 1pct YoY increase in iron ore shipments for the December quarter, reaching a total of 49.4 mln tons. This...
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    Scrap import prices rise on improved domestic steel demand

    Import / Export admin - 0
    Turkey's scrap import prices climbed this week, driven by fresh bookings from Turkish steel mills. Prices were assessed at USD 330-340 per ton CFR,...
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    Tosyali Holding targets acquisition of EU steel producer

    Expansions / Changes admin - 0
    Turkish steelmaker Tosyali Holding AS is pursuing the acquisition of a European producer to bolster its green steel operations, while advancing multi-bln-dollar projects in...
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    Mescier Demir Celik to build solar plant to cut costs and emissions

    Expansions / Changes admin - 0
    Mescier Demir Celik, an electric arc furnace (EAF) steelmaker based in Bartin, Turkey, plans to construct a 30 MW solar power plant in the...
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    Iron ore futures lifted by steady steel output

    China admin - 0
    Dalian iron ore futures rose on Friday, supported by stable steel production levels and improved sentiment surrounding U.S.-China trade relations. Daily crude steel output from...
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