Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkish steelmaker Kardemir has launched a new sales round for rebar and wire rod, releasing updated prices in its latest list. Rebar is now offered at TRY 23,365 per ton (USD 560), up from TRY 22,475 per ton (USD 544)…
Iron ore futures gained in post-holiday trade on Thursday, supported by restocking demand after China's National Day break. Market sources said some steel mills have resumed iron ore purchases, lending support to…
Hoa Phat Group produced 2.8 mln tons of crude steel in Q3 2025, up 14pct from Q2 and 35pct YoY. Sales of HRC, long steel, and billet reached 2.5 mln tons, down 4pct from Q2 but up 21pct YoY. Construction steel and wire…
Turkey exported around 2.6 mln tons of rebar in the first eight months of 2025, marking a 21pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the top destination for…
Hascelik has inaugurated a new sustainability-focused melt shop in the Bilecik Osmaneli Organized Industrial Zone, backed by an investment of USD 175 mln. The plant will produce specialty steel for the automotive…
Turkish steelmaker Kardemir has raised its wire rod prices by USD 10 per ton, according to its recent price list. The company is offering 5.5 mm SAE 1006 grade at USD 590 per ton EXW, while 5.5 mm SAE 1008-1010 grades…
Amreli Steels Limited's board has approved the direct issuance of up to 40 mln ordinary shares at PKR 25 each, raising PKR 1 bln (USD 3.5 mln) to strengthen working capital and support its credit restructuring plan. The…
Turkey's imported scrap prices rose this week to USD 340-345 per ton CFR, up from USD 335-340 per ton CFR last week, supported by higher freight and collection costs. However, buying sentiment remains weak as mills…
Yamato Steel Co., a leading Japanese producer of beams and structural steel, has awarded SMS group a contract to modernize its section mill in Himeji. The project will replace two existing mill stands with SMS's compact…
The Saudi Iron and Steel Company (Hadeed) has lowered long steel prices by SAR 75 (USD 20) per ton for October production. Under the new pricing, rebar (12-32 mm) is set at SAR 2,055 (USD 548) per ton, while wire rod…
Agha Steel Industries' Board of Directors has approved the restructuring of finance facilities worth PKR 23.2 bln (USD 82 mln) with banks and financial institutions. The plan, developed in consultation with lenders…
South Korea's Hyundai Steel and Dongkuk Steel have formally asked the government to extend anti-dumping duties on Chinese H-beams, local media reported. The companies filed an application with the Trade Commission under…
Iron ore futures declined on Tuesday as disappointing manufacturing data weighed on sentiment. China's manufacturing PMI edged up to 49.8 in September from the previous month but remained in contraction for the sixth…
Pakistani rebar producer Dost Steels Limited (DSL) has signed a settlement agreement with its syndicate of banks to resolve outstanding liabilities of PKR 2.08 bln (USD 7.34 mln), paving the way for financial and…
Iron ore futures fell on Monday as demand concerns deepened ahead of China's October holidays. Iron ore consumption has slowed as mills completed restocking before the October 1-8 break, reflected in rising inventories…
Turkey's scrap import prices moved up this week, supported by higher freight and collection costs. Prices were assessed at USD 335-340 per ton CFR, compared with USD 330-335 per ton CFR last week. Turkish steel mills…
El Marakby Steel, one of Egypt's leading steel producers, has reported its carbon emissions under the European Union's Carbon Border Adjustment Mechanism (CBAM) for the first and second quarters of 2025. The company…
EMSTEEL Group, one of the region's largest listed steel and building materials producers, has launched TrueGreen, a strategic sustainability identity that consolidates its decades of decarbonization initiatives under…
Beco Steel said it is in advanced discussions with an international client for an export order worth USD 22 mln for the coming financial year, according to a stock exchange filing. The company did not disclose the…
Iron ore futures fell on Friday as slowing demand ahead of China's October holidays weighed on sentiment. The market had been supported earlier in the week by pre-holiday restocking, but sources noted most mills have…
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