Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Oman Chromite has increased its equity stake in Gulf Alloys and Metals (FZC) LLC from 20pct to 30pct, strengthening its position in the value-added chrome supply chain. The company operates a low-carbon ferrochrome…
Iron ore futures edged slightly higher on Tuesday, supported by firm short-term fundamentals, though gains were limited by a weakening demand outlook. Chinese steel mills continue to operate at elevated output levels…
Myanmar's Ministry of Industry plans to establish a certified laboratory for conformity testing of both imported and locally produced rebar, as part of broader efforts to ensure steel quality and support sector growth…
Turkey exported approximately 1.3 mln tons of HRC between January and May 2025, a 52pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). Italy emerged as the leading importer, purchasing…
Ashry Steel Group plans to establish Egypt's first factory for manufacturing high-speed train wheels in Sadat City, aligning with the government's push to localize heavy industries and cut imports, local media reported…
Tubacex has announced that its Abu Dhabi facility has earned the prestigious API 5CRA Monogram License (#5CRA-0044) from the American Petroleum Institute, marking a significant milestone in its commitment to quality and…
Iron ore futures declined on Monday as weakening demand fundamentals weighed on market sentiment. Data from the China Iron and Steel Association (CISA) showed that average daily crude steel output among key member mills…
Vietnam's Ministry of Industry and Trade has officially imposed definitive anti-dumping duties ranging from 23.01pct to 27.83pct on HRC imports from China, exceeding the provisional rates announced earlier this year…
Malaysia's Ministry of Investment, Trade and Industry (MITI) has announced provisional anti-dumping duties ranging from 3.86pct to 57.90pct on galvanized steel imports from China, South Korea, and Vietnam. The duties…
Thyssenkrupp Steel and Primetals Technologies have successfully launched slab caster No. 4 and hot-strip mill No. 4 at the Bruckhausen site in Duisburg, Germany. The project transformed a former combined casting and…
Turkey's scrap import prices came under pressure this week, as sluggish finished steel sales kept mills cautious. Current import offers are assessed in the range of USD 335-345 per ton CFR, as compared to USD 345 per…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices unchanged for July, extending its streak of price stability to nine consecutive months. The current price remains at EGP 38,200 (USD…
Turkey imported 8.2 mln tons of scrap between January and May 2025, marking a 5.3pct decline YoY, according to data from the Turkish Statistical Institute (TUIK). The Netherlands remained Turkey's top scrap supplier…
Iron ore futures rose further on Friday, supported by firm near-term fundamentals and renewed policy backing from Beijing. Higher production by blast furnace-based steelmakers, driven by strong profit margins, continued…
Jindal Steel has received a letter of intent from the Odisha government for a 50-year mining lease of the Roida-I iron ore and manganese block in Keonjhar district. Spanning 104.84 hectares, the block holds an estimated…
Tata Steel has awarded a major contract to Welsh engineering firm Systems Group for the first phase of refurbishing its two continuous casters at the Port Talbot plant in South Wales. The Welsh company will handle…
Celsa Barcelona's medium section mill in Castellbisbal, Spain, has successfully completed a major automation upgrade by SMS group, executed without halting production. The project culminated in the final acceptance…
Turkey's leading steelmaker, Kardemir, has announced updated pricing for its steel sections. According to the latest price list, IPE-NPU sections (sizes 180-550 mm) are now offered at USD 680-760 per ton EXW, compared…
Pakistani flat steel producers International Steels Limited (ISL) and Aisha Steel have announced a PKR 8,000 (USD 25) per ton reduction in cold rolled coil (CRC) and galvanized coil prices, effective July 2, 2025. This…
Turkish steel producer Siddik Kardesler Haddecilik has filed for bankruptcy protection with the Istanbul Anatolian 2nd Commercial Court, which has granted the company a three-month temporary protection period, according…
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