Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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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…
Pakistan's Dost Steels Limited (DSL) has reported progress on its financial and operational restructuring, following a settlement agreement with its syndicate lenders, according to a company filing. The company has…
Iron ore futures declined on Thursday amid rising geopolitical tensions and a broader risk-off sentiment in global markets. A more hawkish stance from the U.S. administration on the Iran conflict triggered a market…
CMC Steel has completed two major power and automation upgrade projects at its Sayreville, New Jersey facility, as part of a broader modernization program executed by AIC. The first project involved a full revamp of the…
Turkish steelmaker Kardemir has increased prices for billet and rebar in its latest sales round. Billet prices were raised by USD 35-40 per ton compared to the previous month, with S235JR grade now offered at USD 540…
Iron ore futures rose on Wednesday, supported by cautious optimism over demand recovery despite ongoing headwinds. A steady recovery in Chinese steel production continued to underpin iron ore consumption, while…
UMB Steel will restart its Otelu Rosu plant in Romania with the development of a new meltshop, supported by technology supplier Sarralle, as part of a project focused on modern, energy-efficient steelmaking. The…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for April deliveries. Its rebar prices (12-32 mm) have been raised by SAR 100 (USD 27) to SAR 2,460 (USD 656) per…
Iron ore prices declined on Tuesday as easing supply concerns weighed on market sentiment. Earlier support from potential disruptions at major Australian ports due to Tropical Cyclone Narelle faded, as the impact on…
Magnitogorsk Iron and Steel Works (MMK) has started production of high-strength rebar grades with guaranteed resistance to stress corrosion cracking, including A500SCK/A500SNK and A600SCK/A600SNK. The company has also…
Iron ore futures were largely steady on Monday, with improving demand providing support against downside pressure. Production at Chinese blast furnace mills continued to recover, underpinning iron ore consumption…
Turkey's scrap import prices increased sharply this week, reaching around USD 390-400 per ton CFR, up from USD 375 per ton before the Eid holidays. The rise was driven by higher freight and energy costs linked to Middle…
Iron ore futures declined on Friday, as easing supply disruption concerns and uncertainty over demand weighed on market sentiment. Earlier this week, iron ore futures were supported by concerns over potential…
Saudi Iron and Steel Company (Hadeed) has achieved a new monthly billet production record at its Jubail plant, producing 103,227 tons in October 2025, surpassing the previous record of 101,304 tons set in July. The…
Iron ore futures rose slightly on Thursday, supported by concerns over supply disruptions in Australia following the closure of key ports in the Pilbara region due to a tropical cyclone. Pilbara Ports said operations at…
Turkish steelmaker Kardemir has increased prices for long steel products in its latest sales round, citing higher scrap costs. According to the latest price list, 12-32 mm rebar is offered at TRY 25,915 (USD 584) per…
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