Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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7 Steel Nordic Manufacturing has shipped its first batch of steel products to a customer in the Czech Republic, marking the start of a new market channel for the company. The material was produced at its rolling mill in…
Turkey's scrap import prices remained stable this week, with HMS 1&2 (80:20) assessed around USD 400 per ton CFR, while buying activity slowed amid weak finished steel demand. Despite limited trading, suppliers…
The US Department of Commerce (DOC) has announced the final results of its antidumping duty administrative review on rebar imports from Turkey. The review found that certain Turkish producers/exporters sold rebar at…
Metal Park is set to introduce 25,000-30,000 tons per month of cut-and-bend rebar capacity from Q2 2026, equivalent to around 10-12pct of the UAE's monthly consumption, the company said. The new capacity, supported by…
Iron ore futures declined on Friday as market sentiment remained cautious over the demand outlook, while improving steel production helped limit losses. Iron ore futures came under pressure this week amid higher…
Escalating geopolitical tensions in the Middle East, following the U.S.-Israel conflict with Iran and its spillover across the GCC, are disrupting regional supply chains, particularly through the Strait of Hormuz, a key…
Iron ore futures declined on Thursday amid a weakening outlook and continued supply-side pressure. Higher shipments from major iron ore suppliers, along with high inventories at Chinese ports, remain key headwinds…
The global long steel products market remains under pressure, with no signs of improvement in supply-demand fundamentals, according to the International Rebar Producers and Exporters Association (Irepas). Irepas said…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for April deliveries, marking its second hike within a week. Rebar prices (12-32 mm) have been raised by SAR 100 (USD…
Turkey's leading steel producer Kardemir has announced new prices for steel sections following a prolonged period without revisions. Prices for IPE-NPU sections (180-550 mm) were reduced by USD 10-15 per ton to USD…
Egyptian long steel producer EZDK has completed a performance evaluation of Danieli shear blades installed at Shear #7 of its wire rod mill, reporting improved productivity and longer service life compared with…
Iron ore futures extended losses on Wednesday, pressured by rising supply and an uncertain demand outlook. A temporary ceasefire between the US and Iran, including the reopening of the Strait of Hormuz, has reduced the…
Severstal is upgrading the control system of reheating furnaces at its 350-bar mill at the Cherepovets Iron and Steel Works (CherMK), aiming to improve heating quality and environmental performance. As part of the…
Algerian Qatari Steel (AQS) has signed a strategic partnership agreement with the Port of Jijel (Djen Djen) to enhance its export capabilities and improve logistics performance across its supply chain, according to the…
Iron ore futures declined on Tuesday as sluggish demand and rising supply weighed on market sentiment. Recent data from the China Iron and Steel Association (CISA) showed that average daily crude steel output at member…
Turkey exported 633,950 tons of rebar in the first two months of 2026, down 17.5pct YoY, according to data from the Turkish Statistical Institute (TUIK). Yemen was the largest export destination during the period with…
Hoa Phat Group is accelerating development of its Hoa Phat Dung Quat Rail and Special Steel Production Plant, while advancing its push into high-quality railway steel through a certification partnership with…
Turkey's scrap import prices continued to firm this week, reaching around USD 400 per ton CFR, up from USD 390-400 per ton last week. Some offers, particularly from U.S. suppliers, were heard above USD 400 per ton. The…
Iron ore futures slipped on Friday as ongoing Middle East tensions continued to drive volatility across commodity markets. Prices came under pressure following the completion of feedstock restocking by Chinese steel…
The U.S. Department of Commerce has issued a final affirmative countervailing duty (CVD) determination on steel rebar imports from Algeria, finding that exporters benefited from government subsidies. Commerce determined…
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