Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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1,610 news items in Long. Show all
Iron ore futures gained on Monday, supported by firm near-term demand, though upside was limited by reports of production cuts in a key steel hub. Blast-furnace based steel mills maintained high output levels, buoyed by…
Turkey's scrap import prices rose this week as steel mills booked new cargoes at higher levels. Prices were assessed at USD 345-347 per ton CFR, up from USD 340-345 per ton CFR last week. Despite fresh purchases, mills…
Saudi Arabia's Al-Ittefaq Steel Products Company (ISPC) has partnered with Strataphy to introduce geothermal-powered Cooling as a Service (CAS) at its facilities, the first application of advanced geothermal cooling in…
Qatar Steel posted a 26pct YoY decline in net profit for the first half of 2025, as weaker steel prices weighed on earnings, according to its parent company Industries Qatar (IQ). Net profit fell to QAR 265 mln (USD 72…
Iron ore futures slipped on Friday, pressured by lingering demand concerns amid excess supply and potential steel output cuts. Brazil, a major exporter, shipped a record 41.1 mln tons of iron ore in July, surpassing its…
Turkey's major steel producer, Erdemir Group reported a sharp decline in net profit for the first half of 2025, according to its latest financial results. Net profit fell to TRY 1.81 bln (USD 44.5 mln), down…
Iron ore futures edged lower on Thursday amid lingering concerns over the demand outlook and a decline in Chinese crude steel production. Sentiment was dampened by data from the China Iron and Steel Association (CISA)…
Turkish steel producer Kardemir has launched a new sales round for rebar, announcing updated prices in its latest price list. The company raised its rebar price to TRY 22,625 per ton (USD 556), up from TRY 22,250 per…
Turkey exported approximately 2 mln tons of rebar in the first half of 2025, marking a 28pct year-on-year increase, according to data from the Turkish Statistical Institute (TUIK). Yemen emerged as the top destination…
Iron ore futures edged lower on Wednesday as concerns over demand weighed on market sentiment. The potential for environmentally driven steel production curbs ahead of Beijing's upcoming military event has raised fears…
Ezz Steel, one of Egypt's leading steel producers, has kept its rebar prices unchanged for the eight consecutive month. The company's rebar price remains at EGP 38,200 (USD 788) per ton EXW, inclusive of 14pct VAT. Ezz…
Iron ore futures extended gains on Tuesday, supported by firm demand and strong fundamentals in the steelmaking sector. A rise in steel production by Chinese mills, driven by healthy profit margins and falling port-side…
Vietnam-Italy Steel, a subsidiary of Japan's Kyoei Steel Group, has commissioned a new high-speed rolling mill in Hai Phong, northern Vietnam, with an annual capacity of 500,000 tons of rebar ranging from 10 to 51 mm in…
Iron ore futures rose on Monday, buoyed by strong near-term fundamentals, though gains were capped by a weaker long-term outlook. Support came from higher steel production, particularly among blast furnace-based…
BlueScope has announced it will lead a consortium including Nippon Steel, JSW Steel, and Posco to participate in the sale process for Australia's Whyalla Steelworks. The group, with a combined steelmaking capacity of…
Turkey's scrap import prices held steady this week at USD 340-345 per ton CFR as domestic steel mills prioritized boosting finished steel sales. Scrap buying activity remained subdued, with market participants noting…
Turkey's Trade and Economic Partnership Agreement with Qatar, signed in November 2018, will officially take effect on August 1, 2025, the Turkish Trade Ministry announced. The deal aims to boost mutual investments…
Iron ore futures slipped on Friday as traders remained cautious over weak demand prospects and the absence of significant stimulus measures from Beijing. Market sentiment had already been weighed down earlier in the…
Sulb has achieved a significant milestone in sustainable steelmaking with the successful deployment of SMS group's Condoor technology at its Bahrain plant. The project marks the world's first fully automated slag-door…
Kocaer Steel has announced plans to open a new branch in Manisa, as approved by its Board of Directors, according to a stock exchange filing. The branch will be located in the Teknokent at Manisa Celal Bayar…
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