Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkish steelmaker Karabuk Demir Celik (Kardemir) reported a larger net loss for the first quarter of 2025, according to its latest financial results. The company's net loss increased to TRY 1.48 bln (USD 38.2 mln), up…
Egypt is considering imposing anti-dumping duties on hot-rolled steel imports amid rising pressure on local producers, who are struggling to compete with cheaper, lower-quality foreign steel. The move follows a decline…
Iron ore futures continued their upward momentum on Tuesday, supported by improving trade relations between Beijing and Washington. Market sentiment was lifted after US and Chinese officials announced plans to reduce…
JSW KOKS, a subsidiary of Jastrzebska Spolka Weglowa SA (JSW SA), has inaugurated coking battery no. 4 at the Przyjazn coke plant in Dabrowa Gornicza, Poland. The new battery will boost the plant's annual coke…
Turkey's leading steel producer, Erdemir Group, reported a significant drop in net profit for the first quarter of 2025, according to its latest financial results. In Q1 2025, the company posted a net profit of TRY…
Tosyali Holding has signed a contract with Italian equipment manufacturer Salico for the supply of two advanced finishing lines for its greenfield cold rolling complex in Oran, Algeria. The order includes a trapezoidal…
Iran exported USD 918 mln worth of iron ore pellets in the Iranian calendar year 1403 (ended March 20, 2025), according to the Iranian Steel Producers Association (ISPA). The figure marks a 16pct decline compared to the…
Iron ore futures surged on Monday, driven by improved market sentiment following a reduction in trade tensions between China and the United States. The two countries announced an agreement to roll back tariffs on each…
Japan's Nippon Steel Corporation and Nakayama Steel have signed a basic agreement to establish a joint venture and form a business alliance. Under the agreement, both companies will jointly invest in the new venture…
Tata Steel Nederland successfully implemented PSImetals at its cold rolling mill on March 13, marking the first of three planned go-lives at its Smart Steel Factory in 2025. The rollout includes PSImetals Planning…
Turkey's scrap import prices surged this week, driven by a series of new bookings at higher levels. Current prices are assessed at USD 335-340 per ton CFR, up from USD 325 per ton CFR last week. Scrap suppliers have…
Iron ore futures declined on Friday as a cautious demand outlook continued to dampen market sentiment. Slowing steel output growth, subdued post-holiday steel demand impacting mill profitability, and a bleak forecast…
China's steel exports rose 8.2pct YoY in the first four months of 2025, reaching 37.89 mln tons, according to data from the General Administration of Customs. In April alone, exports grew 13.5pct compared to the same…
The Oryx Stainless Group, a leading global supplier of recycled stainless steel raw materials, has officially opened a new facility in Johor, Malaysia. Phase 1 of the plant will process 150,000 tons of stainless steel…
Turkey's wire rod exports declined in the first quarter of 2025, according to data from the Turkish Statistical Institute (TUIK). Total exports reached approximately 288,600 tons in Q1, marking a 17pct YoY decrease…
Turkish steel producer Kocaer Celik announced that it secured steel profile orders worth USD 55 mln in April 2025. According to the company's stock exchange filing, the orders primarily consist of value-added steel…
Turkish steel producer, Ekinciler Demir Celik places exports at the core of its growth strategy, with Africa and the Middle East as key focus regions, according to the local media reports. The company has maintained…
Iron ore futures declined on Thursday as concerns over potential output curbs and softening steel demand weighed on market sentiment. The China Iron and Steel Association (CISA) confirmed that Beijing is actively…
Outokumpu Stainless has awarded SMS group the Final Acceptance Certificate (FAC) for the successful modernization of its Steckel mill in Tornio, Finland. The upgrade ensures the long-term viability of the mill by…
Turkish steelmaker Kardemir has increased its rebar prices, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 21,000 per ton ex-works (approximately USD 544), up from TRY…
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