Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Qatar Steel, the steel subsidiary of Industries Qatar, reported a strong operational and financial performance in 2025, supported by a sharp increase in production and sales volumes following the restart of key…
Iron ore futures traded lower on Thursday, extending recent volatility as a weak demand outlook across China's steel sector continued to pressure the market. Muted activity in the physical steel market has kept Chinese…
Kalyani Ispat Ltd., a subsidiary of Rungta Sons Ltd., has placed an order with SMS group to supply a high-speed bar and wire rod mill for its Rajnandgaon plant in Chhattisgarh, India. The mill is scheduled for…
Iron ore futures traded in a narrow range on Wednesday after China's central bank reaffirmed a moderately accommodative monetary stance, though weak market fundamentals continued to cap any upside. The People's Bank of…
EMSTEEL reported solid preliminary (unaudited) results for 2025, supported by favourable UAE market conditions and higher sales volumes across its core businesses. Group revenue rose 7pct YoY to AED 8.9 bln (USD 2.42…
Iron ore futures finished the daytime session little changed on Tuesday, with the market constrained by weak fundamentals and slowing activity in the physical steel market ahead of the Chinese New Year holidays. Prices…
Iron ore futures fell on Monday as subdued fundamentals continued to weigh on sentiment for the key steelmaking raw material. Higher iron ore inventories at major Chinese ports, coupled with rising global supply and a…
Bangladesh-based Abul Khair Steel Ltd. has contracted Danieli to modernize its rebar rolling mill in Chittagong, with the aim of expanding its product range and enhancing flexibility to serve customers as a single-point…
Turkey's scrap import prices remained largely unchanged this week, as weak finished steel demand and cautious buying continued to weigh on the market. Turkey's scrap import prices were assessed steady at USD 370-375 per…
Turkey exported 907,300 tons of wire rod in 2025, down nearly 1.4pct YoY from 919,900 tons in 2024, according to data from the Turkish Statistical Institute (TUIK). Romania remained the largest destination, absorbing…
Iron ore futures fell on Friday, extending losses across all morning sessions this week, as weak fundamentals continued to weigh on market sentiment. Iron ore futures remained under pressure due to higher port-side…
British Steel has supplied 480 tons of structural steel sections to a major industrial and logistics development at Associated British Ports' Helm site in Immingham, described as one of the most significant regional…
Turkey exported 4.1 mln tons of rebar in 2025, up 21pct YoY, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the largest destination, receiving around 700,000 tons. It was followed by…
Iron ore futures extended losses on Thursday for a fourth consecutive session, as weak fundamentals and ample supply continued to pressure the market. Rising global shipments and higher inventories at Chinese ports are…
Fushun Special Steel Co. Ltd., a subsidiary of Shagang Group, has granted final acceptance to Kocks for its 3-roll Reducing & Sizing Block (RSB 370++/4), marking the successful integration of the new block into regular…
ArcelorMittal has achieved the first heat under the SteelUp! modernization project at its Belval site in Luxembourg, marking a major milestone in the upgrade of the facility's steelmaking operations. The SteelUp!…
Iron ore futures remained under pressure on Wednesday, with persistently weak demand continuing to weigh on market sentiment. Higher inventories at major Chinese ports remain a key overhang, limiting price support…
Romania-based UMB Steel has commissioned SMS group to supply Europe's first Continuous Mill Technology (CMT 700) at its Otelu Rosu site. The new long steel products mill will be integrated into the existing steelmaking…
Iron ore futures declined on Tuesday as persistent demand weakness and ample supply continued to weigh on market sentiment. Higher shipments from major miners, combined with rising inventories at Chinese ports, kept…
JSW Salem, part of the JSW Steel Group, has successfully commissioned its modernized three-strand billet caster at its Salem works in India. The brownfield upgrade, executed by Danieli, replaces the original caster…
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