Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Steel Authority of India Limited (SAIL) has awarded Danieli Corus the contract to build a new greenfield mega Blast Furnace No. 6 at the IISCO Steel Plant in Burnpur. With a working volume of 4,680 m3 and an inner…
Iron ore futures fell again on Tuesday, pressured by rising global supply and slowing demand from Chinese steel mills. Sentiment weakened further after reports that Guinea's Simandou project, expected to produce 120 mln…
The International Rebar Producers and Exporters Association (Irepas) reports that the global long steel products market remains subdued, with demand weak across all regions and the holiday period adding further…
Pakistan's major rebar manufacturers have sharply reduced prices, bringing current ex-works levels to PKR 225,000-230,000 (USD 800-807) per ton. Last month, prices from leading producers ranged between PKR…
Turkey exported 768,400 tons of wire rod in the first ten months of 2025, a slight increase of 0.3pct YoY, according to data from the Turkish Statistical Institute (TUIK). Romania was the top destination with 272,300…
Iron ore futures declined on Monday as falling steel production reinforced a weak demand outlook. According to the China Iron and Steel Association (CISA), daily crude steel output among its member mills fell 6.4% in…
Germany's GMH Gruppe has commissioned a new state-of-the-art Kocks Reducing & Sizing Block (RSB 445++/4) at its Georgsmarienhutte facility, enhancing product quality, dimensional accuracy, and rolling flexibility…
Turkey's imported scrap prices surged this week to USD 360-370 per ton CFR, up from USD 355-360 last week, driven by fresh bookings from Turkish steel mills. Buying activity strengthened as domestic rebar demand…
EMSTEEL, one of the region's largest publicly listed steel and building materials companies, announced its contribution to the construction of the Zayed National Museum in Abu Dhabi's Saadiyat Cultural District. The…
Iron ore futures fell again on Friday as soft fundamentals continued to keep market sentiment cautious. Iron ore inventories at major Chinese ports are still rising and, combined with increasing global supply, are…
Rugui Squares & Special Profiles, a leading Spanish steel producer, has successfully commissioned a new walking hearth reheating furnace at its Azkoitia facility, with the first hot billet rolled on November 27, 2025…
Turkey exported 12.5 mln tons of steel in the first ten months of 2025, up 12.6pct YoY, with export revenues rising 4.1pct to USD 8.5 bln, according to the Turkish Steel Producers' Association (TCUD). In October, steel…
Iron ore futures fell again on Thursday as rising global supply and lower steel production continued to pressure the market and keep sentiment bearish. Vale cut its 2026 output forecast, citing softer global demand and…
JSW Steel Ltd. and Japan's JFE Steel have agreed to form a 50:50 joint venture, under which JFE Steel will invest INR 157.5 bln (USD 1.75 bln) to acquire and operate Bhushan Power & Steel Limited's (BPSL) integrated…
The Saudi Iron and Steel Company (Hadeed) has increased long steel prices for December production. The company's rebar (12-32 mm) prices rose by SAR 40 (USD 10) to SAR 2,120 (USD 565) per ton, while wire rod (6.5-16 mm)…
Turkey's steel industry continues to demonstrate resilience despite market volatility, with exports and ongoing investments in efficiency, digitalization, and green transformation emerging as central pillars of…
Iron ore futures inched lower on Wednesday as weak fundamentals continued to weigh on sentiment, though losses were limited by expectations that upcoming government meetings may deliver supportive policy signals…
Turkey's imported scrap prices edged higher this week, rising to USD 355-360 per ton CFR from around USD 355 last week, supported by a pickup in domestic rebar demand. Kardemir's strong rebar sales in its latest…
EMSTEEL's rebar mill in Abu Dhabi has successfully completed the replacement of its entire twin channel system, originally supplied by Danieli in 2006. Danieli Service executed the full upgrade after a joint assessment…
Misr National Steel (Ataqa) reported a net profit of EGP 78.98 mln (USD 1.65 mln) for Q3 2025, down from EGP 160.42 mln in the same quarter last year, according to its financial results. Despite the profit decline…
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