Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Steel Exchange India Limited (SEIL) has secured a contract from Rashtriya Ispat Nigam Limited (RINL) to convert 120,000 tons of billets per year into rebars. Valued at up to INR 210 crore (USD 24.3 mln), the two-year…
State-owned Steel Authority of India Ltd (SAIL) has supplied more than 31,000 tons of steel for the Zojila tunnel project, which is set to become India's longest road tunnel and Asia's longest bi-directional tunnel once…
Turkey's imported scrap prices remained largely stable this week, as buying activity slowed due to weak finished steel sales and resistance from steel mills to accept higher scrap offers. Import offers were assessed in…
Iron ore futures rose on Friday, supported by firm near-term fundamentals and expectations of upcoming policy support from Beijing. Healthy profit margins have prompted blast furnace-based steel mills to boost…
ArcelorMittal is supplying CO2-reduced reinforcing steel for Hamburg's new U5 underground line, the company announced in a press release. The U5 line will link the city center with eastern and western districts and is…
Iron ore futures extended gains on Thursday, supported by short-term supply constraints and firm steel production. A decline in iron ore inventories at major Chinese ports and improved profit margins has encouraged…
Lebanon's steel imports jumped 66.3pct YoY in the first four months of 2025, reaching 332,070 tons, according to data from Lebanese Customs. Rebar accounted for a major share of the imports. Between January and May…
Iron ore futures rose on Wednesday, supported by firm near-term fundamentals despite lingering demand concerns. While overall steel production has declined, blast furnace-based producers have maintained high output…
Omani steelmaker Al Jazeera Steel Products Co. SAOG reported a strong 60pct YoY jump in net profit for the first half of 2025, according to its unaudited financial results. Net profit rose to OMR 4.12 mln (USD 10.6 mln)…
Iron ore futures edged up slightly on Tuesday, buoyed by encouraging economic data from China, though lingering demand concerns limited further gains. China's GDP grew 5.2pct YoY in Q2 2025, according to the National…
Turkey exported approximately 413,400 tons of wire rod in the first five months of 2025, down 4pct YoY, according to data from the Turkish Statistical Institute (TUIK). Romania was the largest importer during this…
Iron ore futures edged higher on Monday, supported by robust trade figures, though lingering concerns over demand tempered gains. China's exports rose 5.8pct YoY in June 2025 (in USD terms), according to customs data…
Turkey's imported scrap market saw a slight uptick this week, even as sluggish finished steel sales slowed buying activity. Current import offers are assessed at USD 340-345 per ton CFR, up slightly from last week's USD…
Jindal Steel Oman has signed a two-year, USD 1 bln partnership with ArcelorMittal Tubular Products Al-Jubail (AMTPJ), a leading Saudi Arabian seamless pipe producer. Under the agreement, the Omani integrated steelmaker…
Pakistan's Beco Steel Limited has successfully completed its first export shipment of copper ingots to Hong Kong, China, the company announced in a filing to the stock exchange. According to the company, the copper…
Iron ore futures extended their rally on Friday, driven by solid near-term fundamentals and optimism over potential regulatory action from Beijing aimed at curbing aggressive price competition in the steel sector…
Turkey exported around 1.72 mln tons of rebar during the first five months of 2025, up 26pct YoY, according to the Turkish Statistical Institute (TUIK). Yemen was the largest buyer, importing 334,500 tons of Turkish…
Iron ore futures climbed for a third consecutive session on Thursday, supported by growing expectations of fresh stimulus and regulatory action from Beijing aimed at curbing aggressive price competition. Investor…
The global long steel products market continues to face a weak and uncertain business environment, with no meaningful improvement in the supply-demand balance, according to the latest short-range outlook from the…
Turkish steel producer Kardemir has issued updated prices for wire rod and rebar, according to its latest price list. The company reduced wire rod prices by USD 10 per ton compared to the last week of June. It is now…
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