Turkey imported 643,700 tons of CRC in the first seven months of 2025, a sharp 52pct increase on YoY basis, according to data from the Turkish Statistical Institute (TUIK). South Korea was the leading supplier with…
The European Commission has initiated an antidumping investigation into cold-rolled flat steel imports from Turkey, India, Japan, Taiwan, and Vietnam, following a complaint lodged by EUROFER on 4 August 2025. The probe…
QatarEnergy has signed an agreement with Samsung C&T's Engineering & Construction Group to build a large-scale solar power plant in Dukhan, about 80 km west of Doha. Developed in two phases, the project will add 2,000…
Turkish steelmaker Kardemir has opened a new sales round for rebar and wire rod, according to its latest price list. Rebar was set at TRY 22,475 per ton (USD 544), slightly higher than TRY 22,455 per ton (USD 547) in…
Jindal Steel Duqm, a subsidiary of Jindal Steel Group, has placed an order with Danieli for a second hydrogen-ready direct reduction plant to produce hot-briquetted iron (HBI) in Duqm, Oman. The move follows the…
Saudi Arabia's Molan Steel Co. said it has received a preliminary judgment from the Commercial Court in Riyadh in a case filed by Yara International Ltd., ordering the company to pay SAR 17.88 mln (USD 4.76 mln). Other…
Subsea7, a global leader in offshore projects and services for the energy industry, announced it has been awarded a major project by Aramco under their long-term agreement (LTA) for facilities located offshore Saudi…
Turkey imported 2.5 mln tons of billets in the first seven months of 2025, up nearly 62pct YoY, according to data from the Turkish Statistical Institute (TUIK). Malaysia was the largest supplier, shipping about 687,300…
Turkish steel industry faces growing pressure from surging Chinese imports, according to Tosyali Holding Chairman Fuat Tosyali. He cautioned that unchecked inflows of dumped steel threaten to undermine one of the…
Asas Steel FZC has been reinstated to the CARES Steel for the Reinforcement of Concrete (SRC) Scheme after auditors completed a full reassessment of its operations. The UAE-based rebar producer was suspended earlier…
Dar Al Majdiah Real Estate Company has signed two contracts with Tatweej Contracting to develop residential projects in Riyadh and Jeddah under the National Housing Company (NHC) program. The Adeem Al-Fursan project in…
Turkey imported 2.27 mln tons of hot-rolled coil (HRC) in the first seven months of 2025, up 3.5pct YoY, according to data from the Turkish Statistical Institute (TUIK). China was the top supplier with 914,800 tons…
Mobarakeh Steel Company (MSC), Iran's largest steelmaker, has been awarded a contract by the Oil Ministry to develop the Madar gas field near Asaluyeh, the country's main gas hub on the Persian Gulf coast. The USD 595…
A consortium of Veolia, Marafiq, Lamar, and Satorp, a Saudi Aramco and TotalEnergies joint venture, will develop a project to treat and recycle all industrial wastewater in Saudi Arabia's Jubail Industrial City, Veolia…
Turkey's scrap import prices held largely stable this week at USD 335-345 per ton CFR, edging down slightly from USD 337-345 per ton CFR a week earlier, as limited buying activity continued. With finished steel demand…
The Egyptian Ministry of Investment and Foreign Trade has announced provisional safeguard duties on flat steel products, according to two WTO notifications. For hot-rolled flat steel, the Ministry proposed a 13.6pct…
The Egyptian Ministry of Investment and Foreign Trade has notified the WTO of a proposal to impose a provisional safeguard duty on billet imports. According to the Ministry's Trade Remedies Sector (TRS), the duty would…
Iraq is planning to invite bids from global shipyards to build eight giant ships to serve its Faw port which is under construction in the southern tip of the Arab country. The country has also received bids from a…
Turkey exported around 1.73 mln tons of HRC in the first seven months of 2025, marking a 24pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Italy was the leading buyer with 471,000…
The Algerian-Qatari Steel Company (AQS) has signed commercial and strategic agreements worth more than USD 1.6 bln to boost its steel exports to over 40 African countries. The announcements were made during the 4th…