Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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ArcelorMittal South Africa said it will shut down its long steel division after failing to secure a viable solution before the September 30 deadline. The business has faced mounting pressures from the scrap export tax…
Iron ore futures inched up on Tuesday as investors weighed hopes of stronger demand once Beijing lifts steel production curbs after this week's military parade against persistent signs of weak steel consumption…
Iron ore futures fell on Monday as steel production curbs and weakening steel demand weighed on market sentiment. Chinese Steel output is expected to be hit by new environmental restrictions in Tangshan and other…
Turkey's scrap import prices fell to USD 337-345 per ton CFR, down from USD 345-347 per ton CFR last week, as sporadic EU-origin deals widened the price range. Turkish steel mills kept buying activity limited due to…
Iron ore futures edged higher on Friday, supported by strong near-term demand and a weekly decline in port inventories. Analysts noted that robust steel production continues to underpin consumption, though environmental…
Primetals Technologies has received final acceptance for the upgrade of AFV Beltrame Stahl Gerlafingen's wire rod mill in Switzerland. The project included the installation of an intelligent pinch roll, a 6th-generation…
Iron ore futures surged on Thursday, supported by reports that Chinese authorities plan to cut steel production to reduce excess supply. Beijing aims to curb crude steel output between 2025 and 2026 amid persistent…
Turkish steelmaker Kardemir has launched a new rebar sales round with updated prices. The company set its rebar price at TRY 22,455 per ton (USD 547), down from TRY 22,625 per ton (USD 556) in the previous round on…
Iron ore futures extended losses on Wednesday as the market grappled with oversupply worries and weakening steel demand in China. Blast furnace mills have kept production strong in recent weeks, supported by healthy…
Iron ore futures fell on Tuesday as persistent demand concerns weighed on sentiment. Weak seasonal demand, due to heavy rains and hot weather, pushed up finished steel inventories at major warehouses, raising fears of…
Riyadh Steel, a Saudi Arabian long steel producer, reported a 3.2pct YoY decline in net profit for the first half of 2025, according to a stock exchange filing. Net profit slipped to SAR 2.45 mln (USD 0.65m) from SAR…
EMSTEEL, one of the region's largest publicly listed steel and building materials producers, has delivered hydrogen-based rebar for the construction of Abu Dhabi's first net-zero carbon mosque in Sustainable City, Yas…
Iron ore futures jumped on Monday after Rio Tinto suspended work at its Simandou project in Guinea following a fatal incident involving a contractor employee, raising concerns of delays to the mine's production start…
Turkey's scrap import prices held steady this week at USD 345-347 per ton CFR, as local steel mills remained cautious with purchases amid sluggish finished steel sales. Scrap suppliers resisted cutting prices, pointing…
Iron ore futures retreated on Friday as concerns over weakening steel demand weighed on sentiment. Despite strong margins keeping Chinese steel mills running at high output levels, demand has softened in recent weeks…
Mexican steelmaker Tyasa has ordered a new bar finishing line from Danieli Centro Maskin, featuring a patented 60-ton pinion/rack drawing bench for its Veracruz plant. The line will process bars ranging from 18 to 65 mm…
Emirates Steel, a subsidiary of EMSTEEL Group, has raised rebar prices for its September output. The company has raised rebar prices by AED 110 (USD 30) per ton, setting the new level at AED 2,590 (USD 705) per ton on…
The Saudi Iron and Steel Company (Hadeed) has left its long steel prices unchanged for September production. The company's rebar (12-32 mm) remains at SAR 2,130 (USD 566) per ton, while its wire rod (6.5-16 mm) stays at…
Iron ore futures recovered on Thursday as concerns over steel production curbs eased, though demand worries lingered. Chinese authorities have instructed several mills in Tangshan to cut sintering output between August…
South Africa's International Trade Administration Commission (ITAC) has proposed new import duties of up to 30pct on steel products in a bid to protect the domestic sector from rising import pressure. The proposal…
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