Rebar exports decline in Aug 2024
In August 2024, Turkey's rebar exports amounted to approximately 305,000 tons, reflecting a month-on-month decline of over 8pct and a YoY decrease of nearly 18pct, according to data from the Turkish Statistical…
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
In August 2024, Turkey's rebar exports amounted to approximately 305,000 tons, reflecting a month-on-month decline of over 8pct and a YoY decrease of nearly 18pct, according to data from the Turkish Statistical…
The UAE has issued updated regulatory guidelines for steel bars used in concrete reinforcement (rebar), aligning with international standards such as BS 4449:2005, ASTM 615/615M, ASTM 706, and ISO 6935-1, according to a…
British Steel's GBP 26-mln (USD 34 mln) Skinningrove Service Centre will commission its third saw this month, adding to the two already in operation. This marks a significant milestone in the company's investment in…
Turkey's scrap import prices surged this week, driven by improved market sentiment and a positive outlook following the rise in Chinese steel prices. Scrap prices were assessed at USD 380-385 per ton CFR, up from USD…
Riyadh Steel Company has established a strategic planning committee, following a decision by its board of directors, the company announced in a stock exchange filing. The committee's primary focus will be to identify…
Indonesian steelmaker PT Krakatau Steel's efforts to restructure USD 1.5 bln in loans are highlighting the industry's challenges, according to Bloomberg. The state-owned company is grappling with intense competition…
The Pakistan Credit Rating Agency Limited (PACRA) has downgraded Amreli Steels Limited's entity ratings from "BBB" to "BB" for long-term and "A3" for short-term, with a negative outlook. PACRA highlighted the severe…
Baoshan Iron & Steel Co. Ltd., a leading global steel producer, has placed an order with Friedrich Kocks GmbH & Co. KG for a state-of-the-art Reducing & Sizing Block (RSB) as part of a greenfield project. The advanced…
Italy's Acciaierie Venete has awarded AIC an order to automate the control systems of the rolling mill, shears, and cooling bed entry line at its Buja plant. In this project, AIC focused on implementing critical control…
Turkish steel producer Kardemir has increased its rebar prices in the latest sales round, according to the company's updated price list. Market insiders noted that the company sold significant volumes and closed sales…
Khalifa Economic Zones Abu Dhabi (KEZAD) Group and Azizi Developments have signed a 50-year land lease agreement to establish 12 cutting-edge factories in KEZAD A (KEZAD Al Ma'mourah), supporting the region's growing…
Watani Iron and Steel Company (Watani Steel) has announced that its board of directors has accepted the resignation of Yasser Zoman Saad Al-Zoman from both the board and his position as Chairman of the audit committee…
Turkish steel company Kocaer Celik recently reported securing significant orders worth USD 92.8 mln over the past 43 days. The orders mainly consist of value-added steel profiles from markets including the Middle East…
Pakistan's Agha Steel Industries Limited reported a loss of PKR 5 bln (USD 18.3 mln) for the fiscal year ending June 30, 2024, marking a sharp reversal from the PKR 980 mln profit recorded in the previous fiscal year…
Australia has announced the initiation of an antidumping investigation into imports of certain rebar from Turkey, alongside products from Indonesia, Malaysia, and Vietnam, according to a notice from the Australian…
Iron ore and other raw materials, along with steel futures, posted sharp gains during pre-holiday trading on Monday, driven by Beijing's latest stimulus measures that have improved market sentiment and the outlook for…
Turkey's scrap import prices held steady this week as Turkish steel mills booked several cargoes to replenish inventory. Scrap import prices were assessed at USD 360-365 per ton CFR. In the finished steel segment…
Kardemir, one of Turkey's major steel producers, has announced updated prices for its steel sections. The company is now offering IPE-NPU sections at USD 680-885 per ton EXW for sizes ranging from 180-600 mm, compared…
Iron ore futures extended their rally for a fourth consecutive session on Friday, driven by Beijing's recent stimulus measures. This week, China's central bank announced a reduction in the reserve requirement ratio…
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70…
“Premium Content” marks a news item that needs a subscription to read in full.
