Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products, marking its fourth hike since early April amid ongoing cost pressures linked to Middle East disruptions. Rebar…
EMSTEEL Group has maintained price stability to support market resilience and ensure continuity of supply across key steel and building materials products. The move underscores the company's focus on stable domestic…
Iron ore futures declined on Thursday, snapping a recent upward trend as the market weighed the near-term outlook. Iron ore futures had risen in previous sessions on the back of improving steel production and firm…
Hoa Phat Group reported revenue of over VND 53.3 trillion (USD 2 bln) and net profit of VND 9.06 trillion (USD 344 mln) in the first quarter of 2026, up 40pct and 170pct YoY, respectively. Profit reached 41pct of the…
Iron ore futures extended gains on Wednesday, supported by restocking demand ahead of the May holiday period. Chinese steel mills maintained firm production levels amid firm downstream demand, supporting near-term iron…
UAE-based steel and building materials producer EMSTEEL Group has supplied around 1,100 tons of low-carbon Z-type sheet piles for a new distribution centre for Aldi in the UK. The material was delivered through Sheet…
Iron ore futures rose further on Tuesday, supported by steady near-term restocking and firm steel demand. Chinese steel production continued to improve on the back of healthy margins and stronger demand. Market…
Iron ore futures posted gains on Monday, supported by steady demand and higher costs linked to ongoing tensions in the Middle East. Chinese steel mills continued to replenish iron ore inventories amid improving steel…
Turkey's scrap import prices remained largely unchanged this week, as weak finished steel demand continued to limit buying interest from mills. HMS 1&2 (80:20) import prices were assessed at USD 400 per ton CFR. Market…
Egypt's Ezz Steel has increased rebar prices in the domestic market, reflecting rising costs and policy-driven supply constraints. The company raised its rebar offer to EGP 39,850 (USD 769) per ton EXW, up from EGP…
Iron ore futures edged higher on Friday, supported by a firm near-term demand outlook, although underlying concerns over supply continued to cap gains. Continued strength in Chinese steel production and stable domestic…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for April deliveries, marking its third hike since the start of the month. The company's rebar prices (12-32 mm) have…
Turkish steelmaker Kardemir has increased prices for its wire rod prices in the latest sales round. Wire rod prices were raised by USD 28 per ton, with 5.5 mm SAE 1006 grade offered at USD 645 per ton EXW, while SAE…
Iron ore futures rose sharply on Thursday, supported by improved demand indicators and positive macro sentiment, although supply-side pressures remain. China Iron and Steel Association (CISA) data showed member mills'…
SSAB has supplied structural steel and foundation components for the Kruunuvuori Bridge project in Helsinki, one of the largest bridge developments in Finland. More than 3,000 tons of SSAB Domex high-strength structural…
Oman's Al Jazeera Steel Products Co. SAOG reported a decline in net profit for the first quarter of 2026, according to its unaudited financial results. Net profit fell 19pct YoY to OMR 1.71 mln (USD 4.44 mln), compared…
Iron ore futures post gains on Wednesday, supported by a positive near-term demand outlook, although gains were limited by ongoing supply concerns. Iron ore futures were supported by steady demand from Chinese steel…
Iron ore futures edged lower on Tuesday, pressured by rising supply expectations, while steady steel production limited the downside. Market sentiment weakened after reports that China Mineral Resources Group (CMRG) has…
UAE-based steel and building materials producer, EMSTEEL has supplied EZ19-700 low-carbon sheet piles for the Bridgewater Canal wall replacement project in the UK, through distributor Sheet Piling (UK) Ltd. The project…
Iron ore futures moved higher on Monday, supported by rising oil prices and sustained steel production. International oil prices climbed above USD 100 per barrel amid escalating US-Iran tensions after recent high-level…
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