Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Jindal Steel has signed an investment agreement with Suhar Industrial City in Oman to develop an integrated iron and steel project with an estimated investment of OMR 150 mln (USD 390 mln). The project will be located…
Iron ore futures remained under pressure on Monday amid continued uncertainty surrounding China's steel demand outlook and rising supply pressure from major miners. Market sentiment was weighed down by increased iron…
Turkey's imported scrap prices remained largely stable this week, as steel mills continued cautious procurement amid weak finished steel demand and squeezed margins. HMS 1&2 (80:20) import prices were assessed at around…
Iron ore futures declined on Friday, pressured by high port-side inventories in China and concerns over the steel demand outlook, although relatively firm steel production levels limited losses. Market participants said…
Dalian iron ore futures closed largely unchanged on Thursday, as firm near-term steel demand offset pressure from high port-side iron ore inventories and concerns over slowing steel production growth in China. Investors…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) increased domestic prices for its long steel products for May production, marking its second price revision this month. The company raised rebar (12-32 mm) prices by…
EMSTEEL reported improved profitability for the first quarter of 2026, supported by stronger operating performance in its steel business despite lower sales volumes. The group's revenue during the first three months of…
Iron ore futures increased on Wednesday, supported by cautious optimism over U.S.-China trade talks, although demand concerns persisted. Markets looked ahead to the high-level meeting between U.S. President Donald Trump…
Jindal Steel Oman acquired Moon Iron & Steel Company (MISCO) in Sohar, according to sources familiar with the matter. MISCO suspended steel production activities in 2023 after facing operational and financial…
Metal Care Center Factory LLC commissioned a new scrap-based induction furnace rebar mill with annual production capacity of 300,000 tons at the UAQ Industrial Area in Umm Al Quwain, UAE. According to the company, the…
Saudi Arabia-based Watani Iron Steel Co. (Watani Steel) reported lower net profit for the first quarter of 2026, as lower steel selling prices continued to pressure profitability despite relatively stable sales revenue…
Iron ore futures declined on Tuesday amid concerns that growth in Chinese steel production may be peaking, while high port-side inventories and rising global iron ore supply also pressured market sentiment. According to…
UAE's Arabian Gulf Steel Industries (AGSI) signed strategic agreements with R.Evolution and 9E Global Engineering Consultants aimed at supporting low-carbon steel solutions and sustainable construction practices across…
Iron ore futures increased on Monday, supported by firm steel demand in China and positive economic data. Chinese steel production remained stable, while mill margins improved amid stronger domestic steel demand and…
Turkey's import scrap prices remained stable this week, as firm supplier sentiment was offset by resistance from Turkish steel mills amid weak finished steel demand. HMS 1&2 (80:20) import prices were assessed at USD…
Iron ore futures edged lower on Friday as rising global supply and a slowing pace of restocking weighed on market sentiment. Higher iron ore shipments from major miners, coupled with high port inventories in China…
India's crude steel production increased by 5.8pct YoY to 14.09 mln tons in April 2026, supported by strong demand from the infrastructure, construction, and manufacturing sectors, local media reported citing data from…
Turkish steel profile producer Kocaer Steel reported lower financial results for the first quarter of 2026, mainly due to weaker export sales and challenging global market conditions. According to the company's interim…
Iron ore futures extended gains on Thursday, supported by firm near-term steel demand in China. Chinese steel mills continued to maintain production levels amid steady downstream steel demand in the domestic market…
Kardemir has reduced wire rod prices, according to its latest price list. The company is offering 5.5 mm SAE 1006 grade wire rod at USD 632 per ton EXW, while SAE 1008-1010 grades are priced at USD 622 per ton EXW. Both…
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