Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures slipped on Wednesday as steel production curbs and soft demand weighed on sentiment. Authorities have ordered several mills in Tangshan to cut sintering output between August 25 and September 3, 2025…
Iron ore futures fell on Tuesday as demand outlook weakened amid potential production curbs and slowing steel consumption. Market sources said several steel mills in Tangshan have been instructed by authorities to cut…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, said it will keep product prices unchanged for September, marking the fourth straight month of no adjustments. HRC remains at JPY 89,000 (USD 603) per…
Iron ore futures fell on Monday as expectations of steel production curbs and weak demand weighed on sentiment. Iron ore futures risen earlier in the session, supported by strong Chinese steel output and healthy mill…
Turkey's scrap import prices remained stable this week at USD 345-347 per ton CFR, as buying activity slowed on the back of weak finished steel demand. Many Turkish steel mills, focusing on selling finished steel…
Bahrain's Universal Rolling (Unirol) has urged authorities to shield local steelmakers from dumping, warning that the country's open trade policy risks turning it into a market for surplus foreign steel. Operations…
Misr National Steel (Ataqa) posted a net profit of EGP 62.33 mln (USD 1.28 mln) in the first half of 2025, reversing a net loss of EGP 41.66 mln in the same period last year, according to its financial results. Sales…
Iron ore futures fell on Friday as continued weakness in China's property sector and disappointing economic data dampened market sentiment. According to the National Bureau of Statistics (NBS), China's economy showed…
British Steel has delivered over 2,000 tons of structural sections for the construction of Sumitomo Electric's high-voltage cable factory at the Port of Nigg in the Scottish Highlands. The steel was supplied to BHC…
Egypt's Misr National Steel (Ataqa) has applied to the General Authority for Industrial Development for a license to build a billet production facility, the company said in a stock exchange filing. Ataqa submitted its…
The U.S. Department of Commerce (DOC) has released preliminary findings from its latest administrative review of antidumping duties on Turkish rebar exports. Covering the period from July 1, 2023, to June 30, 2024, the…
Mughal Iron & Steel's subsidiary, Mughal Energy, has completed the hydro testing phase for its 36.50 MW hybrid power plant, marking a significant step toward the project's commissioning. Hydro testing, a crucial process…
Iron ore futures fell on Thursday as sluggish steel demand weighed on sentiment. A seasonal slowdown in consumption, compounded by a tropical storm in southern China, has driven a steady buildup of finished steel…
Kardemir Celik is investing USD 30 mln in a large-section rolling mill in Izmir's Aliaga Bozkoy district, aiming to boost production capacity, diversify its product range, and tap new markets. The facility is scheduled…
Pakistan's National Tariff Commission (NTC) has recommended cutting import duties on steelmaking raw materials, including scrap, to zero, aiming to secure uninterrupted supply and reduce production costs, according to a…
Iron ore futures were flat on Wednesday as traders weighed reports of steel production cuts in China. According to market sources, authorities ordered steel mills in Tangshan, a key steelmaking hub, to temporarily halt…
Turkish steelmaker Karabuk Demir Celik (Kardemir) significantly reduced its losses in the first half of 2025, according to its latest financial report. Net loss fell to TRY 254.21 mln (USD 6.2 mln) from TRY 2.47 bln a…
EMSTEEL's steel business unit, Emirates Steel Industries, has become the first company in the Middle East and North Africa to receive ResponsibleSteel Core Site certification, following a rigorous audit by international…
Iron ore futures surged on Tuesday as the extension of the U.S.-China trade truce boosted market sentiment. The two largest global economies agreed to prolong their truce for another 90 days, until November 10, 2025…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) posted a steep drop in first-half 2025 earnings, according to a stock exchange filing. Net profit fell 67.2pct YoY to SAR 1.1 mln (USD 0.29 mln), while revenues…
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