Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures moved higher on Wednesday following the holiday break, supported by firm near-term demand, although longer-term concerns persist. Chinese steel mills continued restocking activity amid expectations of…
Egypt's Ezz Steel has maintained rebar prices unchanged in the domestic market despite the recent increase in gas tariffs. The company kept its rebar price at EGP 39,850 (USD 741) per ton EXW, inclusive of 14pct VAT…
Pakistan-based Mughal Iron & Steel Industries Limited (Mughal Steel) reported improved profitability for the nine months ended March 31, 2026, supported by stronger margins and lower finance costs. Profit after tax rose…
Turkey's import scrap market extended its upward trend this week, supported by firm supplier sentiment and high freight costs. HMS 1&2 (80:20) import prices were assessed at USD 410-415 per ton CFR, up USD 5-10 per ton…
Pakistan-based Agha Steel Industries Limited reported improved financial performance for the nine-month period ended 31 March 2026, with losses narrowing amid lower finance costs and cost control measures. Net turnover…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for May production. Rebar (12-32 mm) prices were raised by SAR 100 (USD 27) to SAR 2,900 (USD 774) per ton, while…
Turkish steel producer, Erdemir Group reported a 9.4pct YoY decline in profitability in the first quarter of 2026, according to its latest financial results. Net profit fell to TRY 405.8 mln (USD 9.0 mln) from TRY 447.9…
Pakistan's Amreli Steels Limited reported a return to profitability for the nine-month period ended 31 March 2026, primarily supported by gains from loan restructuring. The company posted a net profit of PKR 868 mln…
Iron ore futures rose in the last session before the holidays on Thursday, supported by firm steel demand and stable manufacturing activity in China. China's manufacturing purchasing managers' index (PMI) stood at 50.3…
Turkish steel producer, Kardemir has reduced rebar prices in its latest sales round. The company set prices for 12-32 mm rebar at TRY 26,815 (USD 595) per ton EXW, down from TRY 27,000 (USD 607) per ton in the previous…
Iron ore futures increased on Wednesday, supported by firm steel demand and cost pressures, although concerns over slowing steel production growth and rising supply limited gains. Chinese steel traders said domestic…
Egypt-based Suez Steel has obtained certification from TUV Rheinland for the production and marketing of railway rails, marking a first for the country's steel sector. The certification covers EC verification…
Pakistan's Mughal Iron & Steel Industries Limited, through its subsidiary Mughal Energy Limited, has initiated turbine rolling at its hybrid power plant, marking the start of phased power generation and system testing…
Iron ore futures declined on Tuesday, pressured by rising supply, although near-term demand helped limit losses. Market sentiment weakened after reports that China Mineral Resources Group (CMRG) has cleared the sale of…
Tanzania-based Lodhia Industries has signed a contract with Danieli Centro Combustion India for the supply of a 50 tph pusher-type reheating furnace for its new bar and wire rod rolling mill complex. The project forms…
Iran has suspended exports of steel slabs and flat products until May 30, 2026, according to an official directive issued by the Trade Promotion Organization of Iran (TPO). The directive mandates an immediate halt to…
Abu Dhabi-based Arabian Gulf Steel Industries LLC (AGSI) has signed a memorandum of understanding with real estate developer Fakhruddin Properties to support the use of low-carbon steel in upcoming developments. Under…
Iron ore futures were largely unchanged on Monday, as the market looked for clearer direction. Rising supply continued to weigh on prices, although pre-holiday restocking provided some support. Shipments to China from…
Turkey's scrap import prices increased this week, supported by reports of a limited number of deals at higher price levels. HMS 1&2 (80:20) import prices were assessed at USD 405 per ton CFR, up USD 5 per ton…
Iron ore futures inched higher on Friday, supported by a firm near-term demand outlook, although rising supply concerns limited further gains. Chinese steel mills continued restocking iron ore ahead of the May holiday…
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