Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures climbed on Friday, supported by expectations of improved demand following positive economic signals from China. Market sentiment strengthened as China's annual Two Sessions parliamentary meetings…
Chinese steel section prices on a CFR Jebel Ali basis declined across the board in 2025, as rising protectionist barriers in several markets and weaker global steel demand diverted more Chinese material toward…
Turkish steel producer, Kardemir Celik has secured support from the İzmir Development Agency (IZKA) under its "Industrial Green Transformation" programme, ranking first among selected companies. Under the programme, the…
India's Steel Authority of India Limited (SAIL) has selected Primetals Technologies to supply a new pelletizing plant, three 165-ton ladle furnaces and two 165-ton RH degassers for the expansion of its IISCO Steel Plant…
Iron ore futures posted gains on Thursday, supported by optimism following China's latest economic policy announcements. Market sentiment improved after Premier Li Qiang outlined economic priorities during the annual…
Turkish steel profile producer Kocaer Celik reported net profit of TRY 473.5 mln (USD 10.77 mln) in 2025, up sharply from TRY108.5 mln in 2024, according to the company's annual financial statement. Net sales, however…
Iron ore futures traded in a narrow range on Wednesday, edging slightly higher as expectations of potential stimulus from China offered support, though weak market fundamentals continued to limit gains. Market…
Iron ore futures rose on Tuesday, supported by sharply higher freight costs amid escalating tensions in the Middle East. Freight rates have surged following the dramatic escalation of conflict in the region, which has…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for March deliveries. Rebar prices for 12-32 mm sizes have been raised by SAR 100 (USD 26) to SAR 2,360 (USD 629) per…
Pakistan's Agha Steel Industries Limited posted a decline in revenue but significantly narrowed its losses for the half year ended December 31, 2025, according to the company's financial statement. Net turnover fell to…
Iron ore futures rose on Monday, recovering from earlier losses as a sharp jump in oil prices and freight costs linked to escalating Middle East tensions supported the market, though underlying demand concerns continued…
Acciaierie Venete has completed a major safety upgrade at its Buja plant, covering the reheating furnace, roughing mill and descaling areas. The program focused on strengthening controlled access, power isolation and…
Turkey's scrap import market remained broadly stable this week, although sentiment softened as mills largely stayed on the sidelines amid weak finished steel demand and tightening margins. Deep-sea scrap prices were…
Mughal Energy Limited, a wholly owned subsidiary of Mughal Iron & Steel Industries Limited, has reached a key milestone in the development of its 36.5 MW hybrid power plant with the successful completion of steam…
Iron ore futures edged higher on Friday, supported by rising steel production and expectations of seasonal demand improvement, although gains remained limited amid concerns over environmental-related output curbs ahead…
Chinese exports of steel sections to the United Arab Emirates rose sharply in 2025, driven by strong increases in shipments of H-sections and U-sections, customs data showed. Total Chinese exports of steel sections to…
Iron ore futures remained under pressure on Wednesday as the market stayed cautious over the near-term demand outlook. Iron ore futures found some support from expectations that higher steel production levels and the…
Tata Steel plans to begin operations at its newly built electric arc furnace (EAF) facility in Ludhiana in March 2026, according to media reports citing Punjab Chief Minister Bhagwant Singh Mann. The chief minister…
Turkish steel producer Cemtas Celik reported a net loss of TRY 115.96 mln (USD 2.64 mln) for the full year 2025, widening from a net loss of TRY 39 mln recorded in 2024, according to the company's stock exchange…
Iron ore futures rose on Wednesday, supported by expectations of improved near-term demand. Market analysts anticipate that Chinese steel mills may increase production in the coming weeks, boosting iron ore consumption…
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