Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures edged higher on Thursday, supported by easing U.S.-China tensions, though profit-taking later trimmed early gains. The United States and China have agreed to a one-year trade truce following high-level…
Pacific Steel Group has selected Danieli to supply a cutting-edge ECO Primary Line for its upcoming Hybrid MiDa plant in California, aiming to create one of the most environmentally sustainable rebar manufacturing…
Iron ore futures continued to rise on Wednesday, supported by optimism over easing trade tensions between the United States and China, the world's two largest economies. Market sentiment strengthened ahead of a planned…
Iron ore futures gained on Tuesday, supported by easing trade tensions between the U.S. and China and Beijing's new proposal to curb steel overcapacity, which lifted overall market sentiment. U.S. President Donald Trump…
Turkey's leading steel producer Kardemir has announced revised prices for its steel sections, according to its latest price list released last week. Prices for IPE-NPU sections (sizes 180-550 mm) remain unchanged at USD…
Pakistan's Agha Steel Industries Limited posted a net loss of PKR 1.16 bln (USD 4.1 mln) for Q1 FY26 ended September 30, 2025, an improvement from the PKR 1.81 bln loss a year earlier. Revenue fell 24pct YoY to PKR 2.16…
Iron ore futures climbed on Monday as easing trade tensions between Washington and Beijing boosted market sentiment, though demand concerns continued to weigh on the outlook. Iron ore futures gained after reports…
Turkey's imported scrap prices remained largely stable this week at USD 345-355 per ton CFR, as buying activity slowed due to weak finished steel demand and increased interest in lower-priced billets, particularly from…
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for November production. The company's rebar (12-32 mm) prices have been increased by SAR 25 (USD 7) to SAR 2,080 (USD 555) per ton, while…
Erdemir Group, one of Turkey's leading steel producers, reported a steep decline in profitability for the first nine months of 2025, according to its latest financial results. Net profit fell to TRY 2.51 bln (USD 60…
Iron ore futures declined on Friday as persistent demand concerns and shrinking steel mill margins weighed on market sentiment. Market participants reported reduced steel production levels as Chinese mills faced tighter…
Abul Khair Steel Limited (BWRM), part of the Abul Khair Group, has commenced production at its new high-capacity rolling mill in Sitakunda, Chattogram. Built by SMS group, the mill is designed to produce 1.6 mln tons of…
Sovel, part of the Sidenor Group, has ordered a new 8-ton Danieli's K-Spool line for installation at its Almyros micromill in Greece. This marks the first K-Spool of its kind in the Greek and Balkan region and the third…
UAE's downstream reinforcement steel manufacturer, Al Gurg Building Services has positioned itself at the forefront of promoting certified and traceable reinforcement steel products. In December last year, the company…
Iron ore futures extended gains on Thursday, supported by optimism that Beijing may introduce new economic stimulus measures during an ongoing policy meeting this week. The four-day meeting of the Communist Party's…
Emirates Steel, a subsidiary of the EMSTEEL Group, has raised its rebar prices by AED 58 (USD 16) per ton for November production. The new price is set at AED 2,648 (USD 721) per ton, up from AED 2,590 (USD 705) in…
Iron ore futures rose on Wednesday as markets drew optimism from key policy meetings in Beijing, though underlying demand fundamentals remained soft. China's Communist Party began a major gathering on Monday to outline…
Saudi Arabia's ongoing construction boom continues to drive strong demand for steel, positioning the sector as a key beneficiary of Vision 2030's infrastructure and industrial expansion agenda. At the 3rd Saudi…
Iron ore futures inched higher on Tuesday as markets awaited potential stimulus signals from the ongoing Communist Party Central Committee session, which runs through October 23. Investors are watching closely for…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, announced that it will keep all product prices unchanged for November sales under its latest monthly pricing policy. The company's prices for HRC…
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