Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Mexican steelmaker Deacero has unveiled plans to build a steel recycling plant in Cajeme, Sonora, representing an estimated investment of USD 6.45 mln. The project aims to generate new jobs and stimulate local economic…
The UAE has initiated an antidumping investigation into imports of heavy steel sections from China, according to a notification issued by the Ministry of Foreign Trade. The probe follows a complaint filed by Emirates…
Iron ore futures fell on Monday, pressured by disappointing Chinese economic indicators that reinforced bearish demand expectations. China's property sector, once the country's largest steel consumer, remains a major…
Turkey's imported scrap prices inched higher this week to USD 345-355 per ton CFR, compared with USD 345-350 per ton last week, as mills booked fresh cargoes at higher levels. However, market sentiment remained cautious…
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Mughal Iron & Steel Industries Limited (Mughal Steel), citing the company's resilience despite ongoing challenges in the wider steel…
Iron ore futures edged lower on Friday, pressured by weak demand fundamentals that continue to weigh on market sentiment. Both raw material and steel futures struggled this week under multiple headwinds, including…
Amreli Steels Limited announced that it has signed and executed the Master Restructuring Agreement (MRA) along with allied documents and agreements with a consortium of banks. Bank Alfalah Limited acted as the lead…
Iron ore futures fell again on Thursday as concerns over subdued demand continued to weigh on market sentiment. The commodity is under pressure from several headwinds, including renewed U.S.-China tensions and China's…
Oman-based Al Jazeera Steel Products Co. SAOG reported a 77pct YoY jump in net profit for the first nine months of 2025, according to its unaudited financial results. Net profit rose to OMR 6.48 mln (USD 16.8 mln)…
Turkish steel producer Kocaer Celik has received approval from the Science Based Targets initiative (SBTi) for both its near-term (2030) and long-term (2050) emission reduction goals, becoming the only Turkish steel…
Iron ore futures fell further on Wednesday, weighed down by concerns over weak demand and broader market headwinds. A key drag on sentiment is the escalating trade tension between the U.S. and China. Both countries have…
Tata Steel has introduced two major initiatives in Assam, unveiling India's first Mobile Bore Pile Cage Machine and opening a fully automated Construction Service Centre in Guwahati. The moves are aimed at improving…
Pakistan's Beco Steel Limited has announced plans to diversify into rebar production, according to a filing with the stock exchange. The company will install a new furnace and a continuous casting mill, with the…
Iron ore futures retreated on Tuesday, reversing gains from the previous session when prices hit an eight-month high on supply concerns. The earlier rally was fueled by reports that China would impose new port fees on…
The UAE has extended the increase in customs duty on rebar and wire rod from 5pct to 10pct until October 12, 2026, according to a notice issued by Dubai Customs. Products covered by the duty include those under HS Codes…
Iron ore futures gained on Monday, supported by robust Chinese steel export figures, even as concerns over soft domestic steel demand persisted. Iron ore futures opened lower in the morning session amid renewed China-US…
Turkey's imported scrap prices rose to USD 345-350 per ton CFR this week, up from USD 340-345 per ton last week, supported by higher freight and collection costs. Scrap buying activity picked up as Turkish mills booked…
Turkey exported 623,300 tons of wire rod in the first eight months of 2025, up 1.2pct YoY, according to data from the Turkish Statistical Institute (TUIK). Romania was the largest buyer with 223,700 tons, followed by…
Iron ore futures extended gains on Friday, supported by expectations of restocking by Chinese steel mills and potential policy support from Beijing. Analysts believe these factors could provide short-term stability for…
Sterling Steel Company LLC has modernized its rolling mill in Illinois, with the completion of a major drive system upgrade by Primetals Technologies. The project involved replacing 16 outdated DC drives with new…
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