Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
1,610 news items in Long. Show all
Iron ore futures rebounded on Thursday, supported by firm near-term fundamentals and growing expectations of economic stimulus, despite lingering concerns over steel demand. Chinese blast furnace-based steelmakers…
Turkish steelmaker Kardemir has kept its wire rod prices unchanged, according to its latest price list. The company maintained prices at USD 590 per ton EXW for 5.5 mm SAE 1006 grade and USD 580 per ton EXW for 5.5 mm…
Iron ore futures extended losses on Wednesday, weighed down by a weak demand outlook. Market sentiment remained bearish amid rising shipments from major miners and expectations of a seasonal slowdown in steel demand…
Chinese steelmaker Hubei Shunle has successfully commissioned two EAF Quantum electric arc furnaces from Primetals Technologies at its plant in Hubei Province. Designed for high efficiency, the furnaces support annual…
ArcelorMittal has signed an agreement to sell its operations in Bosnia and Herzegovina to Pavgord Group. The deal includes ArcelorMittal Zenica, an integrated steel plant, and ArcelorMittal Prijedor, an iron ore mining…
Elbe-Stahlwerke Feralpi has successfully commissioned its new rolling mill, Walzwerk B, in Riesa, Germany. Featuring the latest technologies, the mill connects directly to an existing continuous caster via a 300-meter…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for July production will remain unchanged for the fifth month in a row. The company has maintained its rebar price at AED 2,480 (USD…
Pakistani rebar manufacturer Dost Steels Limited (DSL) plans to raise PKR 4.45 bln (USD 15.6 mln) through a rights issue to fund the installation of a billet-producing melting furnace and support working capital needs…
Iron ore futures declined on Tuesday, pressured by an increase in shipments from major producers and lingering uncertainty over steel demand. Market sources noted that iron ore shipments from Australia and Brazil surged…
Commercial Metals Company (CMC) has successfully completed the modernization of its rolling mill in Tennessee, in partnership with Automazioni Industriali Capitanio (AIC). The project, delivered on schedule, focused on…
Iron ore futures rose on Monday, supported by steady near-term demand, though gains were limited by persistent concerns over future consumption. Chinese steel mills, particularly those using blast furnaces, kept…
Turkey's scrap import prices held largely steady this week, as buying activity slowed significantly due to weak demand for finished steel. Current scrap import offers are hovering around USD 340 per ton CFR, a slight…
Japanese steelmaker Yamato Kogyo Co., Ltd. has agreed to sell its 49pct stake in Bahraini steel producer Sulb to joint venture partner Foulath, a Bahrain-based industrial holding company with significant steel…
Mughal Iron & Steel expects to complete the modernization of its re-rolling facility by Q1 2026, CEO Shakeel Ahmad announced at a conference hosted by Topline Securities. The BMR (Balancing, Modernization, and…
Dalian iron ore futures rose on Friday, supported by steady steel production and resilient demand. However, the broader market outlook remains uncertain. Chinese blast furnace-based steel mills continue to operate…
Iron ore futures posted modest gains on Thursday, supported by higher steel production. Although overall steel output has slowed, mills are still operating at relatively high levels, limiting the drop in iron ore…
Turkish steelmaker Kardemir has updated its rebar prices, according to its latest price list. The new price for 12-32 mm rebar is set at TRY 21,460 per ton EXW (USD 544), reflecting a slight decrease from TRY 21,585 per…
UAE-based EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has received a provisional "AA" ESG rating from MSCI, placing it among the top performers in the global steel…
Iron ore futures fell on Wednesday, pressured by weak demand due to a seasonal slowdown in steel consumption. The summer lull has led several steel producers to scale back output, with China's crude steel production…
Iron ore futures edged down on Tuesday as market sentiment remained cautious amid an uncertain demand outlook. A seasonal slowdown in steel demand has led to reduced steel production, weighing on market confidence…
“Premium Content” marks a news item that needs a subscription to read in full.
