Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's scrap import prices edged slightly higher this week as rising freight costs supported seller sentiment amid the ongoing Middle East conflict. Scrap import prices were assessed at USD 375 per ton CFR, up from…
UAE-based steel and building materials producer EMSTEEL reported improved operational performance in 2025, supported by strong domestic demand and higher finished steel production. The company's crude steel production…
Iron ore futures extended gains on Friday as the near-term outlook improved on expectations of stronger steel demand and restrictions on certain BHP iron ore products. Market participants expect steel production to…
PT Bahagia Steel, an Indonesian producer of round bar and rebar based in Surabaya, has placed its first order with SMS group for a twin-strand high-speed delivery (HSD) rebar production line for its Kampung Wringinanom…
Turkish steel producer Kardemir reported a net loss of TRY 1.68 bln (USD 38 mln) in 2025, narrowing from a loss of TRY 3.97 bln in 2024, according to the company's stock exchange filing. The company's revenue declined…
Iron ore futures climbed on Thursday, supported by improving demand sentiment in the market. Steel production in China is expected to rebound following the lifting of temporary environmental output curbs that were…
Yongfeng Group has awarded Fives a contract to design and supply annealing furnaces for new strip processing lines at its upcoming steel facility in Linyi, Shandong province, China. The project will include the…
Turkish steelmaker Kardemir has raised prices for semi-finished and long steel products in its latest sales round, testing market sentiment amid rising costs linked to tensions in the Middle East. The company increased…
Iron ore futures rose on Wednesday on expectations of improved demand in the near term. Market analysts expect China's steel production to recover following the conclusion of the country's annual parliamentary meetings…
Zunyi Changling Special Steel has successfully produced the first heat from its new Danieli Zerobucket electric arc furnace (EAF), marking a key milestone for both the steelmaker and Danieli. The furnace, capable of…
Celsa Barcelona has successfully commissioned a Condoor automatic slag door system on EAF #2 at its steelmaking plant, marking the second installation supplied by SMS group at the site. The collaboration between the two…
Turkey exported 36,900 tons of wire rod in January 2026, down 33pct YoY, according to data from the Turkish Statistical Institute (TUIK). Exports also more than halved compared with the previous month, when shipments…
EMSTEEL, the UAE's largest steel and building materials producer, supplied GreenSheetPile Z-section sheet piles for a new quay wall project at Weymouth Harbour in the UK. Installation is being carried out by Sheet…
Iron ore futures inched higher on Tuesday, supported by expectations of improved demand amid lower shipments from major suppliers and the anticipated recovery in Chinese steel output. Market sentiment improved following…
Turkey exported 302,500 tons of rebar in January 2026, down 27pct YoY, according to data from the Turkish Statistical Institute (TUIK). The country's rebar exports also declined 21pct compared with the previous month…
The U.S. Department of Commerce has issued a final affirmative determination that steel concrete reinforcing bar (rebar) from Algeria is being sold in the United States at less than fair value, according to a notice…
Egyptian rebar manufacturer, Misr National Steel (Ataqa) reported a 94.68pct YoY decline in net profit in 2025, according to its financial results filed with the Egyptian Exchange (EGX). The company posted a net profit…
Iron ore futures surged on Monday, supported by rising freight costs amid escalating tensions in the Middle East and expectations of improved steel demand. Oil prices spiked as the conflict intensified following…
Turkey's scrap import market remained stable this week, as the ongoing Middle East conflict kept market sentiment cautious. Turkey's scrap import prices were assessed unchanged at USD 370-375 per ton CFR. Market…
Saudi Arabia's Watani Iron and Steel Co. (Watani Steel) reported a net loss of SAR 14.86 mln (USD 3.96 mln) in 2025, compared with a net profit of SAR 9.86 mln in the previous year, according to a filing on the Saudi…
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