Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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1,610 news items in Long. Show all
Iron ore futures edged lower on Friday as market remained cautious amid an uncertain demand outlook. Rising inventories at major Chinese ports and increasing global supply continue to pressure prices, reflecting slower…
Iron ore futures gained on Thursday, supported by moderate steel demand and higher production levels, though the broader outlook remains bearish. Market sources reported a decline in finished steel inventories this…
Turkish steelmaker Kardemir has opened a new sales round for rebar, according to its latest price list. The company offered 12-32 mm rebar at TRY 24,450 (USD 576) per ton EXW, up from TRY 23,500 per ton earlier this…
EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, has signed a 20-year natural gas supply agreement with ADNOC Gas worth between USD 3.5 and 4.2 bln, ensuring stable…
Iron ore futures inched higher on Wednesday, supported by a pickup in steel production, though demand concerns continued to cap gains. The China Iron & Steel Association (CISA) reported that its member mills produced an…
ArcelorMittal Poland has announced it will permanently cease production at the Huta Krolewska plant in Chorzow, with installations scheduled to shut down later this year. The company said it will work to offer…
Iron ore futures extended gains on Tuesday as lower shipments from major miners provided support, although the market's longer-term outlook remains uncertain. Analysts reported a week-on-week decline in supply from…
Primetals Technologies has introduced its patented Advanced Roller Guides, a next-generation monitoring and control solution for rod and bar mills, building on the legacy of Morgan and Ashlow guide technology. The new…
The Saudi Iron and Steel Company (Hadeed) has received ECAS and Emirates Quality Mark (EQM) approval, certified by CARES, for its rebar products, authorizing the company to supply BS 4449:2005+A3:2016 grade B500B rebar…
Iron ore futures edged higher on Monday, supported by tighter supply and expectations of fresh policy measures from Beijing, though the market's longer-term outlook remains uncertain. Traders reported a week-on-week…
Turkey's imported scrap prices held largely stable this week, with assessments nudging up to around USD 355 per ton CFR from USD 350-355 per ton last week, supported by a pickup in domestic rebar demand that prompted…
Iron ore futures remained subdued on Friday, extending losses for a second consecutive session as weak steel demand continued to pressure prices, even though the most-traded contract still posted a modest week-on-week…
Ezz Steel, one of Egypt's largest steel producers, has offered an EGP 4,000 (USD 84) per-ton discount on November rebar deliveries, its first price adjustment after nearly a year of holding official prices steady. The…
Iron ore futures slipped on Thursday as rising global supply and soft steel demand continued to weigh on sentiment, though restocking by some Chinese mills helped limit the decline. Prices also found some support from a…
Turkish steelmaker Kardemir has increased its wire rod prices, according to its latest price list. The company is now offering 5.5 mm SAE 1006 grade at USD 605 per ton EXW, while 5.5 mm SAE 1008-1010 grades are offered…
Iron ore futures edged higher on Wednesday, supported by steady near-term demand, though a bearish outlook continues to cap gains. Some Chinese steel mills are replenishing iron ore inventories ahead of the winter…
EMSTEEL Group announced three major agreements at Fastmarkets' Middle East Iron & Steel Conference 2025, reinforcing its strategy to expand downstream capabilities and strengthen long-term industrial competitiveness…
EMSTEEL has chosen Primetals Technologies to supply a new wire rod outlet for Rebar Mill No. 05 and upgrade the existing wire rod mill at RM No. 03 in Abu Dhabi. The projects form part of EMSTEEL's Asset Enhancement…
Pakistani rebar manufacturer, Dost Steels Limited (DSL) has announced a strategic expansion of its business portfolio, moving beyond steel re-rolling to enter the trading and supply of construction materials, the…
Iron ore futures continued to rise on Tuesday, supported by short-term restocking ahead of the winter season, though a fragile demand outlook kept gains in check. Analysts said mills are replenishing inventories to…
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