Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's scrap import market came under pressure this week as declining domestic finished steel prices and weak demand prompted mills to seek lower prices. MESTEEL assessed HMS 1&2 (80:20) at USD 400 per ton CFR Turkey…
Koc Metalurji has acquired an 11,773 sq m plot of land adjacent to its production facility in Toprakkale, Osmaniye, for TRY 85.38 mln (USD 1.73 mln), according to a company filing. The purchase was completed on…
China's iron ore futures remained under pressure on Friday as weak steel mill profitability, expectations of rising global supply and cautious market sentiment weighed on prices. Steelmakers continue to face squeezed…
China's Maanshan Iron & Steel (Masteel) has ordered a 4D EAGLE S laser gauge from KOCKS to improve dimensional control and quality assurance in its rolling operations. The system will monitor rolled bars ranging from 15…
7 Steel UK has signed a long-term agreement with GB Railfreight to transport scrap steel to its Cardiff facility and deliver finished steel products to customers across the UK for at least 11 years. Services are…
Qatar's exports of steel products under HS 7207-7229 nearly doubled in 2025, rising 99.5pct YoY to 1.84 mln tons from 920,575 tons in 2024, according to Qatar customs data. The increase was driven overwhelmingly by…
The Libyan Iron and Steel Company (LISCO) has gradually resumed production at its bar rolling mill, focusing on 8 and 12-14 mm rebar, according to local media reports. The company said the move is aimed at supporting…
Pakistan's Beco Steel reported a 179pct YoY increase in profit after tax to PKR 311.5 mln (USD 1.12 mln) for the financial year ended June 30, 2026, compared with PKR 111.5 mln a year earlier, according to the company's…
China's iron ore futures came under renewed pressure on Thursday as the market reopened after the week-long National Day holiday, with weak steel demand, rising inventories and poor mill profitability weighing on…
Bahrain's steel imports under HS 7207-7229 surged to 49,608 tons in July 2026, up 216.0pct YoY and 476.2pct month on month, according to Bahrain Customs data. The sharp July increase was overwhelmingly driven by…
India's finished steel consumption increased 7.5pct YoY to 84.9 mln tons in April-September FY27, according to provisional data from the Ministry of Steel. Finished steel production rose 3.7pct YoY to 81.8 mln tons…
Global steel markets are becoming increasingly fragmented as trade barriers, overcapacity and geopolitical risks reshape trade flows, according to participants at the 95th meeting of the International Rebar Exporters…
Major Turkish long steel producer ICDAS has reduced its long steel prices by USD 10 per ton compared with levels announced in mid-September. The company is now offering rebar at USD 630 per ton EXW Biga and wire rod at…
The US Department of Commerce has preliminarily assigned a 13.11pct weighted-average dumping margin to Turkish rebar producers/exporters Colakoglu Metalurji and Ekinciler Demir for the July 2024-June 2025 review period…
Bulgarian steelmaker Stomana Industry, part of the SIDENOR Group, has awarded Danieli a contract to supply new rolling mill equipment at its Pernik plant. The project includes new upstream equipment to feed a Danieli…
Lebanon's steel imports fell sharply by 54pct YoY to 33,608 tons in August 2026, from 72,667 tons in August 2025, according to Lebanese Customs data. The country's steel imports also declined by around 51pct month on…
Indian state-owned steel producer Steel Authority of India Ltd (SAIL) achieved its best-ever April-September performance across several production, sales and efficiency parameters in the first half of FY27. SAIL…
Tata Steel has developed a hot-rolled, fire-resistant E350 structural steel designed to help buildings and engineering structures retain their structural integrity during fires. The product has been certified by the…
Turkey's scrap import prices edged higher this week, supported by higher costs, although buying activity remained limited as slowing finished steel demand made mills cautious about accepting further increases. MESTEEL…
Egyptian rerolling mills are calling for a review of duties on billet imports, with industry representatives arguing that the measures have contributed to higher steel prices and forced some rerollers to halt…
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