Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures recovered on Wednesday after falling to one-year lows earlier this week, supported by relatively stable demand. However, weak seasonal steel demand and continued supply pressure kept gains limited…
Russia's MMK-METIZ, part of MMK Group, has started production of a new type of galvanized wire for gabion structures, expanding its range of special-purpose wire products. The company produced a pilot batch of…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) reported a sharp increase in profitability for the first half of 2026, supported by higher sales volumes, stronger finished steel prices and improved profit margins…
Iron ore futures remained near one-year lows on Tuesday, with losses moderating as a slight recovery in demand provided some support, although ample supply, high port inventories and weak seasonal steel demand continued…
Iron ore futures fell below the 700 yuan per ton mark on Monday, reaching their lowest level in more than a year as abundant seaborne supply, weak seasonal steel demand and falling steel prices continued to weigh on…
Turkey's imported scrap prices remained firm this week, supported by tighter European scrap availability and higher freight costs. Buying activity, however, slowed after producers stepped back to reassess market…
UAE's EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, reported significantly stronger second-quarter financial results, supported by higher steel selling prices…
Jindal Steel Oman has commissioned online automatic rebar counting and separation systems at its Jindal Steel Sohar and Sohar Steel rolling mills as part of its ongoing efforts to enhance automation and operational…
Iron ore futures extended losses on Friday, hovering near one-year lows after weaker-than-expected Chinese manufacturing data reinforced concerns over slowing steel demand, while rising port inventories and ample…
Iron ore futures extended losses on Thursday, falling to their lowest level since early July 2025 as rising port arrivals, mounting inventories and weak seasonal steel demand reinforced bearish market sentiment. Market…
Austrian steelmaker Voestalpine has officially opened a new production facility in Jeffersonville, Indiana, following an investment of approximately EUR 70 mln (USD 80 mln) to expand its presence in the North American…
Morocco has imposed definitive anti-dumping duties for five years on imports of galvanized steel wire originating from Egypt and the United Arab Emirates, following the conclusion of an anti-dumping investigation by the…
Iron ore futures edged lower on Wednesday as high port inventories and sluggish seasonal steel demand continued to weigh on sentiment. Market insiders said iron ore fundamentals remained broadly balanced. Demand…
Chinese special steel producer Henan Jiyuan Iron & Steel has awarded Germany-based Kocks a contract to supply an RSB 500++/4 Reducing & Sizing Block for a new big bar rolling mill. The new reducing and sizing block will…
JSW Salem Works, part of the JSW Steel Group, has completed the modernization of one of its billet continuous casters following the final acceptance of a revamp project carried out by Danieli. The project involved…
ArcelorMittal Tubular Products Al-Jubail (AMTPJ) has signed a memorandum of understanding (MoU) with China's Chengde Jianlong Special Steel, establishing a framework for future cooperation after qualifying the company…
Iron ore futures edged lower on Tuesday as the market struggled to find clear direction, with lower global shipments offset by subdued steel demand and cautious sentiment ahead of potential policy support from Beijing…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has maintained its domestic prices for long steel products for August production, as weak demand and prevailing uncertainty over regional logistics continue to cloud…
Iron ore futures drifted lower on Monday as sluggish downstream steel demand continued to weigh on sentiment, while investors awaited policy signals from China's Politburo meeting later this week. Market insiders said…
Thailand's steel producers have called on the government to strengthen measures against imports of steel produced using induction furnace (IF) technology, warning that persistent inflows of lower-cost products continue…
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