Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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1,605 news items in Long. Show all
China's iron ore futures declined on Tuesday as ample supply and rising port inventories weighed on sentiment, although pre-holiday restocking by steel mills and high freight costs continued to provide support. Chinese…
B5Plus Group has selected Danieli to supply equipment for a new rebar and wire rod mill in Abidjan, Cote d'Ivoire (Ivory Coast), with production capacity of 50 tons per hour, or around 300,000 tons per year. The mill…
Ezz Steel has selected Danieli Automation to supply a new extended Manufacturing Execution System (MES) for its Ezz Flat Steel plant in Ain Sokhna, Egypt, as part of the company's digital transformation strategy. The…
The US Department of Commerce has issued anti-dumping duty orders on steel concrete reinforcing bar (rebar) from Egypt, Bulgaria and Vietnam, following affirmative final determinations by Commerce and the US…
China's iron ore futures traded rangebound on Monday as pre-holiday restocking by steel mills provided support, while high inventories and weak mill profitability limited upward momentum. Analysts said steel mills are…
Turkey's scrap import prices increased this week, supported by the uptrend in finished steel prices. MESTEEL assessed HMS 1&2 (80:20) at USD 395-400 per ton CFR Turkey, up from USD 390 per ton last week. Market…
The UAE structural steel market remains firm, supported by steady domestic demand, but logistics disruptions continue to complicate imported supply and deliveries. Chinese JIS beams are currently indicated at around USD…
China's iron ore futures moved higher on Friday, but the wider ferrous complex came under pressure as coking coal and coke prices fell sharply following renewed expectations of improved coal supply. Weak steel demand…
Egyptian rebar prices have remained broadly stable, with weak domestic demand and low trading activity limiting the scope for further increases despite higher production costs. Ezz Steel continues to set the benchmark…
China's iron ore futures moved higher on Thursday, supported by pre-holiday restocking by steel mills, although weak mill profitability continued to limit the upside. Market insiders said mills are booking cargoes ahead…
Kardemir has raised its rebar and wire rod prices in its latest price list, following the continued increase in Turkish scrap import prices. The company is offering 12-32 mm rebar at TRY 30,540 (USD 628) per ton EXW…
UAE's EMSTEEL Group has supplied low-carbon steel sheet piles through its distributor, Sheet Piling (UK) Limited, for the Annan Harbour regeneration project in Dumfries and Galloway, Scotland. The sheet piles are being…
China's iron ore futures edged higher on Wednesday as improving market sentiment, expectations for steel production cuts and possible policy support offset continued concerns over weak steel demand and mill…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, has raised its flat steel prices by JPY 3,000 (USD 19) per ton for October sales, while keeping long steel prices unchanged. The company's HRC prices…
Major Turkish long steel producer ICDAS has increased its long steel prices by USD 5 per ton this week, supported by higher scrap costs. ICDAS is offering rebar at USD 635 per ton EXW Biga, up USD 5 per ton from last…
Mughal Iron & Steel Industries Limited (Mughal Steel) reported a net profit of PKR 2.49 bln (USD 9 mln) for the financial year ended June 30, 2026, up 158 pct from PKR 965.5 mln a year earlier. Net sales declined 13 pct…
China's iron ore futures edged lower on Tuesday as weak steel demand, poor mill profitability and continued concerns over production cuts kept market sentiment under pressure. Market insiders said negative sentiment…
GSM Tanzania Limited has awarded Danieli a contract to supply a new 300,000 tons per year rebar and wire rod mill at the Kilimanjaro Industrial Park in Tanzania. The mill will process 150x150-mm billets at a production…
Saudi Iron and Steel Company (Hadeed) has reduced its domestic scrap buying prices by SAR 70 (USD 19) per ton, effective September 11, amid relatively moderate finished steel demand. The reduction follows a period of…
UAE's EMSTEEL Group has supplied low-carbon Z-type steel sheet piles through its distributor, Sheet Piling (UK) Limited, for the Middlewich Eastern Bypass project in Cheshire, UK. The sheet piles are being used to…
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