Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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India's Jai Raj Ispat has completed the Performance Guarantee (PG) test for its 350,000-tons-per-year TMT bar mill at the Orvakal Mega Industrial Hub in Kurnool, Andhra Pradesh, just two months after startup. The…
Iron ore futures jumped on Monday as expectations of new economic stimulus from Beijing boosted market sentiment. Commodity markets gained after China's finance minister signalled that fiscal policy will be strengthened…
Turkey's imported scrap prices held steady this week at USD 350-355 per ton CFR, unchanged from last week, as mills continued booking cargoes to replenish inventories. Market participants noted that more bookings are…
Turkey exported 714,500 tons of wire rod in the first nine months of 2025, a 3pct YoY decline, according to data from the Turkish Statistical Institute (TUIK). Romania was the largest buyer with 254,000 tons, followed…
Al Yamamah Steel Industries Company will take part in the planned capital increase of its subsidiary, Al Yamamah Company for Reinforcing Steel Bars, to help advance its billet factory project, according to the company's…
Mughal Iron & Steel Industries Ltd (Mughal Steel) is accelerating expansion in its core ferrous operations while keeping its copper segment on hold amid global market volatility, the company said during a corporate…
Iron ore futures edged higher on restocking demand ahead of the winter season, though the broader outlook remains bearish due to weakening fundamentals. Analysts noted that some Chinese steel mills are replenishing…
Turkey exported around 3 mln tons of rebar in the first three quarters of 2025, up 19pct YoY, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the largest destination with 469,900 tons…
El Marakby for Metallic Industries (MKM), a subsidiary company of El Marakby Steel, has awarded Danieli Centro Combustion India a contract to supply a 60-tph pusher-type reheating furnace for its rolling mill in the 6th…
Egyptian Steel plans to launch a new investment program worth nearly EGP 2 bln (USD 42 mln) within the next 18 months, beginning early next year, according to Abdel Fattah Siam, general manager of the company's…
Iron ore futures stayed under pressure on Thursday as a bearish demand outlook continued to weigh on sentiment. Analysts noted that soft steel demand has largely been priced in, but the absence of strong positive…
UAE-based EMSTEEL, one of the region's largest publicly listed steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for the first nine months of 2025. The group posted…
Iron ore futures advanced on Wednesday, although uncertainty persists over the demand outlook. Market participants said prices were partly supported by expectations of fresh stimulus and relatively firm production…
Thailand's Ministry of Commerce has finalized the imposition of definitive anti-dumping duties on imports of hot-rolled H-beams from China, according to an official notice published in the Royal Gazette. The duties…
Saudi Arabia's Al-Ittefaq Steel Products Company (ISPC) has received formal approval for its rebar products under both the Emirates Conformity Assessment Scheme (ECAS) and the Emirates Quality Mark (EQM), certified by…
Iron ore futures traded in a narrow range on Tuesday, as persistent demand uncertainty kept market sentiment subdued. Traders expect milder-than-anticipated output curbs by Chinese authorities, given that steel…
The Trade Remedies Authority (TRA), the UK's independent trade remedies body, has launched a review of the tariff rate quota (TRQ) for category 13 steel (rebar) under the UK's steel safeguard measures, following…
Iron ore futures traded in a narrow range on Monday, with improved macroeconomic sentiment providing some support, while weak fundamentals limited gains. China's consumer price index (CPI) rose 0.2pct YoY in October…
Turkey's imported scrap prices edged up this week to USD 350-355 per ton CFR, as compared to last week's USD 345-355 per ton CFR, as several new cargoes were reportedly booked. Turkish mills had earlier sought lower…
Beco Steel Limited has started supplying steel angles for electric transmission poles and related infrastructure to Pakistan's Water and Power Development Authority (WAPDA) and various distribution companies (DISCOs)…
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