Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures post gains on Tuesday, supported by a continued rally in coking coal prices, although the broader outlook for the steelmaking raw material remained pressured by concerns over weakening steel demand and…
Iron ore futures edged lower on Monday as concerns over weak steel demand and seasonal consumption slowdown outweighed support from a sharp rally in coking coal prices. Meanwhile, coking coal and coke futures surged…
CELSA Barcelona has completed the modernization of its medium section mill at the Castellbisbal plant in Spain in partnership with SMS group, enhancing the facility's rolling capacity, automation systems, and…
CIM Steel Industry LLC, Rhino Steel Industry LLC, and Metal Care Center Factory LLC have launched an integrated steel manufacturing and processing project in Umm Al Quwain Industrial City, UAE, with production…
Chinese coking coal and coke futures rose sharply on Monday following a deadly mining accident in Shanxi province over the weekend, raising concerns over tighter coal supply due to potential nationwide safety…
Ramsarup Industries Ltd., a wholly owned subsidiary of Shyam Metallics & Energy Ltd., has selected Danieli to supply a new Special Bar Quality (SBQ) combination mill for its Kharagpur Works facility in West Bengal…
Turkey's imported scrap prices softened slightly this week as steel mills maintained cautious purchasing amid weak finished steel demand and squeezed profit margins. HMS 1&2 (80:20) import prices were assessed at around…
Turkish steel producer Kardemir has increased domestic rebar prices in its latest sales round announced on May 21. The company set prices for 12-32 mm rebar at TRY 26,960 (USD 590) per ton EXW, compared with TRY 26,815…
UAE-based Emirates Steel, part of EMSTEEL Group, has increased rebar prices for June production. The company raised rebar prices by AED 100 (USD 27) per ton to AED 2,821 (USD 768) per ton EXW, excluding 5pct VAT. Market…
Iron ore futures remained under pressure on Friday amid rising supply levels and concerns over steel demand, although losses were limited by relatively firm near-term consumption. Higher shipments from major miners and…
Turkish steel producer Diler Holding announced the successful production of 30 mm diameter silicon-alloyed, heat-treatable spring steel wire rod in cold heading quality for high-performance spring and fastener…
Iron ore futures declined on Thursday as concerns over weaker steel demand continued to weigh on market sentiment. Some Chinese steel traders said that domestic steel demand remains relatively stable, though rising…
Russian metal products producer MMK-METIZ has expanded its range of high-strength STAP reinforcing wire with zinc-aluminum (ZnAl) coating for cable industry applications. The STAP reinforcing wire, used in optical…
Turkey exported around 256,000 tons of wire rod in the first quarter of 2026, down by 11pct YoY, according to data from the Turkish Statistical Institute (TUIK). Romania remained the largest export destination for…
Iron ore futures posted modest gains on Wednesday, recovering from earlier losses as firm steel production levels in China continued to support near-term demand despite concerns over weaker seasonal steel consumption…
South Africa has increased import duties on a broad range of steel and steel-related products under amendments published in Government Gazette No. 54678 dated May 15, 2026, as part of efforts to support the domestic…
Turkey's rebar exports remained almost stable in the first quarter of 2026, according to data from the Turkish Statistical Institute (TUIK). The country exported around 1.07 mln tons of rebar during the January-March…
Iron ore futures declined on Tuesday as market sentiment weakened following reports of stricter steel capacity control measures in China. China's Ministry of Industry and Information Technology (MIIT) is planning to…
VinMetal, the steel manufacturing arm of Vietnam's Vingroup, has signed a memorandum of understanding (MoU) with Primetals Technologies for the development of an integrated steel complex in Ha Tinh, Vietnam. The planned…
Turkish steel producer Kardemir reported a net profit of TRY 24.5 mln (USD 0.54 mln) in the first quarter of 2026, compared with a net loss of TRY 1.94 bln (USD 42.55 mln) recorded in the same period last year. The…
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