Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures declined on Friday as weak demand and reduced steel output weighed on market sentiment. Chinese steel production continues to slow, with mills cutting output due to shrinking profitability and soft…
Celsa France has successfully upgraded the finishing end of its Bayonne wire rod mill, following the completion of a modernization project by Primetals Technologies. The upgrade replaced the existing finishing block and…
Turkish steelmaker Kardemir has increased its rebar prices, according to the company's latest price list. The mill is now offering rebar at TRY 23,500 per ton (USD 558), up from TRY 23,365 per ton (USD 560) announced on…
Saudi Arabia's Watani Iron and Steel Co. (Watani Steel) reported a net loss of SAR 3.5 mln (USD 0.93 mln) for the first nine months of 2025, compared with a net profit of SAR 2.2 mln in the same period last year…
Iron ore futures rose for the first time this week on Thursday, supported by restocking activity at some Chinese steel mills taking advantage of lower prices. However, gains were limited by persistent demand concerns…
The global long steel products market continues to struggle with weak demand, rising supply, and mills operating below capacity. According to the latest short-range outlook from the International Rebar Producers and…
Iron ore futures continued to fall on Wednesday as sluggish steel demand and reduced mill production kept market sentiment bearish. Chinese steelmakers have been scaling back operations due to shrinking margins, while…
Pakistan's Mughal Iron and Steel Industries Limited (Mughal Steel) posted a consolidated profit of PKR 925.7 mln (USD 3.27 mln) for the quarter ended September 30, 2025, compared to a loss of PKR 24 mln a year earlier…
Iron ore futures extended losses on Tuesday as disappointing manufacturing data and weak market fundamentals deepened concerns over steel demand in China. The RatingDog China General Manufacturing PMI, compiled by S&P…
South Korea will inject KRW 570 bln (USD 396 mln) into its steel industry to strengthen exports, counter unfairly priced imports, and drive technological innovation, the government announced. The package includes a KRW…
Koc Metalurji has placed an order worth USD 3.5 mln for a continuous casting machine to enhance efficiency at its steel facility located in the Osmaniye Organized Industrial Zone. The contract, signed with China's…
The Competition Commission of Pakistan (CCP) has released its Competition Assessment Study of the Steel Sector, highlighting structural and policy challenges that undermine competitiveness in a key industrial segment…
Iron ore futures declined on Monday, pressured by weak steel demand and falling production in China. Rising inventories at major Chinese ports and cautious restocking by steel mills have further dragged down prices…
ArcelorMittal has completed the sale of its Bosnian steel and mining operations to H&P d.o.o. Zvornik, part of the Pavgord Group. The transaction includes ArcelorMittal Zenica, an integrated steel plant, and…
Alter Steel has selected Danieli to supply technology and equipment for its new steelmaking facility in Pinkenba, Queensland, Australia. The plant will employ Danieli MIDA QLP - Quality Long Product - technology…
Turkey's imported scrap prices held largely stable this week at USD 345-355 per ton CFR, as buying activity remained muted due to the mid-week Republic Day holiday and cautious market sentiment. Scrap suppliers kept…
Turkish special steel producer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) has ordered a Reducing & Sizing Block (RSB) 370++/4 from Kocks as part of a modernization plan to boost reliability and…
Amreli Steels, one of Pakistan's leading steel producers, reported a 20pct YoY reduction in losses for Q1 FY26 ended September 30, 2025, posting a net loss of PKR 790 mln (USD 2.79 mln) compared to PKR 992 mln a year…
Iron ore futures fell on Friday as weak steel fundamentals and soft economic data dampened market sentiment. Iron ore futures rallied earlier in the week on optimism over easing U.S.-China trade tensions, but momentum…
Amreli Steels Limited has extended the suspension of operations at its Karachi S.I.T.E. rolling mill for another six months, citing ongoing operational and economic pressures in the steel sector. The company's board…
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