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
1,612 news items in Long. Show all
India has signed 42 agreements with 25 companies for the production of high-end steel under the second round of the Production-Linked Incentive (PLI) Scheme for specialty steel, with an estimated investment of nearly…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for April production will remain unchanged for the third consecutive month. The company has set the rebar price at AED 2,660 (USD 724)…
Riyadh Steel, a Saudi Arabian long steel producer, reported an 82pct YoY drop in net profit for 2024, according to its stock exchange filing. The company's net profit fell to SAR 1.99 mln (USD 0.53 mln) in 2024, down…
Iron ore futures surged on Monday as Chinese steel mills ramped up production, fueling positive market sentiment. However, long-term demand concerns remain. With the anticipation of stronger steel demand in the spring…
Turkey's scrap import market faced uncertainty as mid-week political unrest sent the lira to a record low. Scrap import prices were assessed at USD 380 per ton CFR, compared to USD 370-380 per ton CFR earlier. Earlier…
Iron ore futures slipped on Friday as Beijing's pledge to cut excess steel capacity and mounting trade barriers on Chinese steel products dampened market sentiment. According to Bloomberg, China's steel industry plans…
Iron ore futures continued to decline on Thursday amid persistent concerns over demand, though strong domestic steel consumption helped limit losses. The outlook for iron ore was further pressured by rising…
Steel Exchange India has increased production capacity at its billet mill and rolling bar mill at its Visakhapatnam plant in Andhra Pradesh. The billet mill capacity has been expanded by 45pct, rising from 250,000 tons…
ArcelorMittal South Africa (ArcelorMittal SA) is in talks with the government and other stakeholders for funding to potentially delay the planned closure of its long steel operations. However, the company emphasized…
Iron ore futures continued to decline on Wednesday as concerns over steel demand persisted following weak property data and rising trade protectionism against Chinese steel products. According to China's National Bureau…
Turkey's rebar exports soared to 415,600 tons in the latest reporting period, marking a significant increase of over 55pct YoY, according to data from the Turkish Statistical Institute (TUIK). Month-on-month, exports…
Iron ore futures declined on Tuesday as weak property sector data cast doubt on demand recovery. However, firm steel demand and lower shipments from major iron ore miners helped limit losses. Latest property market…
Tokyo Steel, Japan's leading EAF-based steel producer, has announced price adjustments for April sales. HRC prices have been reduced by JPY 3,000 (USD 20) per ton to JPY 89,000 (USD 598) per ton, while pickled and oiled…
The global long steel market is facing unprecedented protectionist measures, with governments worldwide imposing tariffs and trade barriers, according to the latest outlook from the International Rebar Producers and…
Turkish steel manufacturer Kocaer Celik reported a sharp decline in net profit for 2024. In a stock exchange filing, the company announced a net profit of TRY 83.12 mln (USD 2.26 mln), a significant drop from TRY 1.7…
Iran's steel production has faced a 6.7pct decline in the first 11 months of the current Iranian calendar year (March 2024-February 2025), according to the Iranian Steel Producers Association (ISPA). The downturn has…
Iron ore futures fell on Monday as weak steel output and struggling property data in China raised concerns about demand for the key steelmaking raw material. According to China's National Bureau of Statistics (NBS)…
Turkey's scrap import prices continued to rise this week, reaching USD 370-380 per ton CFR, up from USD 365-375 per ton CFR last week. The price increase is driven by higher collection costs, a stronger Euro against the…
Morocco's Ministry of Industry and Commerce has initiated an anti-dumping investigation into galvanized wire imports from Egypt and the United Arab Emirates, as announced in a public notice. The probe follows a…
Iron ore futures surged on Friday, driven by expectations of increased steel production and strong domestic demand. Seasonal demand continues to rise during the peak construction season in March, as reflected by…
“Premium Content” marks a news item that needs a subscription to read in full.
