Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey exported approximately 528,600 tons of wire rod in the first half of 2026, broadly unchanged from the same period last year, according to data from the Turkish Statistical Institute (TUIK). Romania remained the…
Turkish long steel producer, Ekinciler Demir ve Celik Sanayi A.S. increased its revenue by 28.2pct YoY to TRY 11.8 bln (USD 246.8 mln) in the first half of 2026, while net profit declined 1.9pct to TRY 323.4 mln (USD…
Iron ore futures recovered on Friday, supported by stronger coking coal prices and improving sentiment in the Chinese steel market. Signs of better downstream activity ahead of September also provided some support…
US steel producer Hybar LLC has selected SMS group to supply a second CMT 550 continuous minimill for its steelmaking complex in Osceola, Arkansas. Installed alongside the existing mill, the project will create the…
Saudi Arabian steel producer Riyadh Steel Co. reported a 145.8pct YoY increase in net profit to SAR 6.03 mln (USD 1.61 mln) in the first half of 2026. Revenue declined 15pct YoY to SAR 70.1 mln (USD 18.7 mln), mainly…
UAE's EMSTEEL Group, one of the region's largest publicly traded steel and building materials manufacturers, has supplied locally manufactured rebar and more than 80,000 tons of cement for the Etihad Rail passenger…
Iron ore futures edged lower on Thursday as the market remained rangebound, with weaker coking coal and coke prices offsetting near-term support. Iron ore fundamentals remained broadly balanced but lacked a strong…
The US Department of Commerce (DOC) has issued final affirmative determinations in its antidumping (AD) and countervailing duty (CVD) investigations covering imports of steel rebar from Egypt. In the AD investigation…
Iron ore futures edged higher on Wednesday, holding near two-week highs as continued strength in coking coal and coke provided cost support, while weak steel demand and ample supply limited further gains. Coking coal…
Turkey's rebar exports increased nearly 13pct YoY to 2.26 mln tons in the first half of 2026, according to Turkish Statistical Institute (TUIK) data, compared with around 2 mln tons in the same period last year. Yemen…
Iron ore futures rebounded on Tuesday, supported mainly by a sharp rally in coking coal and coke prices, while near-term supply concerns provided additional support. However, persistent oversupply and weak steel demand…
Turkish integrated steel producer Erdemir Group reported a sharp increase in profitability during the first half of 2026, supported by higher production, stronger sales and improved operating performance following the…
Pakistan's Frontier Foundry Steel Limited (FF Steel) has formally launched its Initial Public Offering (IPO) process, marking the company's planned debut on the Pakistan Stock Exchange (PSX). The company has appointed a…
Iron ore futures edged lower on Monday, with the market consolidating after last week's recovery as stable global supply and subdued steel demand outweighed concerns over potential disruptions from industrial action at…
Turkey's imported scrap prices remained largely stable this week, with tight supply and high freight costs supporting the market despite cautious buying from Turkish mills. MESTEEL assessed HMS 1&2 (80:20) import prices…
Turkey's Kocaer Celik received steel profile orders worth USD 61.39 mln in July 2026, according to the company's stock exchange filing. The orders were mainly for export markets as well as the domestic market. Kocaer…
Iron ore futures edged higher on Friday, holding most of their recent recovery as stronger coking coal and coke prices supported the ferrous complex, although weaker Chinese steel production and high port inventories…
Turkey's Kocaer Celik reported a 19pct YoY increase in net profit in the first half of 2026, supported by an improved product mix and higher margins despite a decline in sales revenue. The company's net profit…
Turkey's Ministry of Environment, Urbanization and Climate Change has approved the Environmental Impact Assessment (EIA) for Kocaer Celik's planned integrated steelmaking and rolling mill investment in Aliaga, Izmir…
Iron ore futures rose further on Thursday, extending their recovery from one-year lows as concerns over potential supply disruptions and firmer raw material prices supported sentiment, although underlying supply-demand…
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