Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures declined on Friday as the market shifted its focus back to weak fundamentals after a brief recovery in the previous session driven by reports that China's state-owned iron ore buyer had restricted…
The European Union's revised steel safeguard quota system introduces significant changes to country-specific quota allocations for Middle East and North African (MENA) steel exporters, reducing quotas for some suppliers…
The U.S. Department of Commerce (DOC) has issued the final results of its administrative review of the countervailing duty (CVD) order on steel rebar from Turkey, covering the period 1 January-31 December 2023. The DOC…
Iron ore futures rose on Thursday after reports that China Mineral Resources Group (CMRG) had instructed some steel mills to stop purchasing certain low-grade Fortescue iron ore fines from Chinese ports starting July…
Amreli Steels Limited has extended the suspension of operations at its S.I.T.E. rolling mill in Karachi for a further one year, citing continued weak market conditions and unfavorable economic factors. The company said…
Iron ore futures fell on Wednesday as weak steel market fundamentals continued to weigh on market sentiment. Demand for finished steel remained subdued, with prices coming under pressure amid ample supply and seasonally…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has reduced domestic prices for its long steel products by SAR 130 (USD 35) per ton for July production. The company is offering 12-32 mm rebar at SAR 2,800 (USD 746)…
Turkey exported approximately 301,500 tons of wire rod during the January-April 2026 period, down 10.3pct compared with the same period last year, according to data from the Turkish Statistical Institute (TUIK). Romania…
EMSTEEL Group has signed a collaboration agreement with the Technology Innovation Institute (TII) to develop and validate high-strength reinforcement solutions for the protection of the UAE's critical infrastructure…
Iron ore futures rose on Tuesday after positive Chinese manufacturing data provided support to the market, although concerns over steel demand continued to limit gains. China's official Purchasing Managers' Index (PMI)…
The UAE's anti-dumping investigation into imports of heavy steel sections from China has reached a preliminary stage, with the Ministry finding evidence of dumping, material injury to the domestic industry and a causal…
Turkish steel producer Diler Iron & Steel has achieved its highest-ever monthly wire rod output, producing 48,000 tons in May 2026 from a single production line. The company said the record production included 26 wire…
Iron ore futures advanced on Monday, supported by resilient Chinese steel production despite continued concerns over weak steel demand and rising global supply. Although iron ore continues to face supply-side pressure…
Hybar LLC has secured USD 1.1 bln in financing to build a second environmentally sustainable scrap-based rebar mill adjacent to its existing facility in northeast Arkansas, doubling the company's production capacity…
Turkish imported scrap prices continued to decline this week as weak finished steel demand, falling rebar prices and limited booking activity kept pressure on the market. MESTEEL assessed HMS 1&2 (80:20) import prices…
Saudi Arabia's Al Yamamah Steel Industries Company has confirmed it will invest SAR 75.6 mln (USD 20.15 mln) in the capital increase of its subsidiary, Al Yamamah Company for Reinforcing Steel Bars, to support the…
Iron ore futures edged higher on Friday after reversing earlier losses, supported by resilient Chinese steel output, although the medium-term outlook remained bearish. Data from the China Iron and Steel Association…
Turkish steel producer Kardemir has reduced domestic rebar prices in its latest sales round. The company is offering 12-32 mm rebar at TRY 26,675 (USD 573) per ton EXW, excluding VAT, down from TRY 26,875 (USD 583) per…
Turkish steel producer Kardemir has announced its planned sales volumes for Q3 2026, increasing the share of finished steel products while reducing semi-finished steel allocations compared with the previous quarter…
Iron ore futures declined on Thursday as persistent concerns over steel demand continued to weigh on market sentiment. The seasonal slowdown in Chinese steel consumption has led to rising inventories of finished steel…
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