Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The International Rebar Producers and Exporters Association (Irepas) reports that the global long steel market is structurally oversupplied and overcrowded, with cutthroat competition and razor-thin margins. In the…
Turkey exported approximately 336,400 tons of wire rod in the first four months of 2025, marking a 13.5pct YoY decrease, according to data from the Turkish Statistical Institute (TUIK). Romania emerged as the top…
Ajeej Steel Manufacturing Co., a subsidiary of National Building and Marketing Co., has signed a Shariah-compliant credit facility agreement with Bank Al Jazira worth SAR 50 mln (USD 13.2 mln), according to a disclosure…
Pakistan imported 292,630 tons of scrap in April 2025, reflecting a significant YoY increase of nearly 59pct, according to data from the Pakistan Bureau of Statistics (PBS). On a month-over-month basis, scrap imports…
Kuwait-based Metal Recycling Company (MRC) is on track to open its new steel scrap recycling plant later this year. This development was announced in a stock exchange filing by MRC's parent company, Agility Public…
Iron ore futures fell on Tuesday, weighed down by a bearish demand outlook amid rising shipments and expectations of weakening steel consumption. According to analysts, weekly shipments from key suppliers Australia and…
Maegma Minerals has signed an MoU with Primetals Technologies to establish a Midrex Flex plant in Lumut, Perak, Malaysia, with an annual capacity of 2 mln tons of hot briquetted iron (HBI). Developed in collaboration…
SSAB has signed a contract with Danieli to supply advanced, highly automated technology for its upcoming mini-mill in Lulea, Sweden, following an Early Service Agreement signed in July 2024. The new mini-mill, with an…
British Steel has successfully completed a trial using Cold Agglomerated Pellets (CAPs) in its Queen Bess blast furnace at Scunthorpe, marking a key step toward greener ironmaking. Developed by UK-based Binding…
Turkey exported approximately 1.38 mln tons of rebar between January and April 2025, marking a 27pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). Yemen emerged as the leading…
Turkish steel producer Kardemir reported its highest-ever monthly shipment volumes in May, driven by accelerated production efforts to meet its ambitious 2025 sales target. In May alone, Kardemir shipped 81,326 tons of…
Iron ore futures fell on Monday, pressured by weak economic indicators that dampened market sentiment. China's consumer prices declined for a fourth consecutive month in May, despite government efforts to boost domestic…
China's steel exports rose nearly 9pct YoY in the first five months of 2025, reaching 48.47 mln tons, according to the General Administration of Customs. In May alone, exports grew 9.9pct YoY to 10.58 mln tons, also…
Primetals Technologies has received the Final Acceptance Certificate (FAC) from Jiangsu Shagang for the successful upgrade of the wire rod outlet and the rebuilding of the Morgan Reducing/Sizing Mill at Line No. 3 of…
Rio Tinto has officially opened its new Western Range iron ore mine in the Pilbara, with an annual production capacity of up to 25 mln tons. The USD 2 bln project, a joint venture with Baowu (Rio Tinto 54pct, Baowu…
UAE-based steel producers say they do not expect a significant impact from the latest U.S. move to double tariffs on steel imports. Effective June 4, the U.S. has raised tariffs on steel and aluminum imports from 25pct…
UAE-based long steel producer EMSTEEL has chosen Danieli to deliver a turnkey Thermo-Mechanical Control Process (TMCP) system for its Rolling Mill #4 in Abu Dhabi. The project will enhance EMSTEEL's production…
Hascelik, a leading Turkish producer of specialty steel, has successfully produced its first steel at its next-generation mill in Bilecik using advanced technologies supplied by Tenova. Tenova, a global provider of…
Sohar Freezone has signed a land lease agreement with Matrix Alloys (FZC) LLC to establish a state-of-the-art, environmentally friendly ferrochrome plant. The USD 10 mln project supports Oman's push toward sustainable…
Iron ore futures recovered on Wednesday, although the demand outlook for this crucial steelmaking ingredient remains uncertain. The recent gains were largely driven by profit-taking, as traders capitalized on short-term…
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