Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's scrap import market came under pressure this week as declining domestic finished steel prices and weak demand prompted mills to seek lower prices. MESTEEL assessed HMS 1&2 (80:20) at USD 400 per ton CFR Turkey…
Koc Metalurji has acquired an 11,773 sq m plot of land adjacent to its production facility in Toprakkale, Osmaniye, for TRY 85.38 mln (USD 1.73 mln), according to a company filing. The purchase was completed on…
China's iron ore futures remained under pressure on Friday as weak steel mill profitability, expectations of rising global supply and cautious market sentiment weighed on prices. Steelmakers continue to face squeezed…
China's Maanshan Iron & Steel (Masteel) has ordered a 4D EAGLE S laser gauge from KOCKS to improve dimensional control and quality assurance in its rolling operations. The system will monitor rolled bars ranging from 15…
Dillinger France has awarded SMS group an order to upgrade the cold plate leveler at its heavy plate mill in Dunkirk, France, with the latest generation of X-Pact Plate Leveler Control. The modernization will replace…
7 Steel UK has signed a long-term agreement with GB Railfreight to transport scrap steel to its Cardiff facility and deliver finished steel products to customers across the UK for at least 11 years. Services are…
Qatar's exports of steel products under HS 7207-7229 nearly doubled in 2025, rising 99.5pct YoY to 1.84 mln tons from 920,575 tons in 2024, according to Qatar customs data. The increase was driven overwhelmingly by…
The Libyan Iron and Steel Company (LISCO) has gradually resumed production at its bar rolling mill, focusing on 8 and 12-14 mm rebar, according to local media reports. The company said the move is aimed at supporting…
Pakistan's Beco Steel reported a 179pct YoY increase in profit after tax to PKR 311.5 mln (USD 1.12 mln) for the financial year ended June 30, 2026, compared with PKR 111.5 mln a year earlier, according to the company's…
China's iron ore futures came under renewed pressure on Thursday as the market reopened after the week-long National Day holiday, with weak steel demand, rising inventories and poor mill profitability weighing on…
Nippon Steel's 2.0 GPa-class aluminized hot-stamping steel sheet with hydrogen-embrittlement resistance has been adopted for body components of Nissan Motor's all-new ELGRAND. The steel is used for underbody…
Russia's Magnitogorsk Iron and Steel Works (MMK) has developed production of steel with increased resistance to atmospheric corrosion, expanding its range of weathering steel products. The steel forms a protective oxide…
Bahrain's steel imports under HS 7207-7229 surged to 49,608 tons in July 2026, up 216.0pct YoY and 476.2pct month on month, according to Bahrain Customs data. The sharp July increase was overwhelmingly driven by…
Egyptian steelmaker Al Ashry Steel Group plans to offer 20-30pct of its shares on the Egyptian Exchange in the first half of 2027 as part of efforts to diversify financing sources and support expansion plans, chairman…
India's finished steel consumption increased 7.5pct YoY to 84.9 mln tons in April-September FY27, according to provisional data from the Ministry of Steel. Finished steel production rose 3.7pct YoY to 81.8 mln tons…
Taiwan's China Steel Corporation (CSC) has announced a TWD 900 (USD 28) per ton increase in domestic prices for most flat steel products for November 2026 deliveries, citing higher international steel prices, recovering…
Trasteel, through newly established Trasteel Magona S.r.l., has taken over operations of the La Magona d'Italia steel plant in Piombino, Tuscany, following the effectiveness of a lease agreement with Liberty Magona…
Global steel markets are becoming increasingly fragmented as trade barriers, overcapacity and geopolitical risks reshape trade flows, according to participants at the 95th meeting of the International Rebar Exporters…
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