Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey exported 1.05 mln tons of rebar in the first quarter of 2025, marking a nearly 35pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Yemen was the leading importer during this…
Pakistani pipe manufacturer International Industries Limited (IIL) has established a wholly-owned subsidiary in Ireland, named INIL Europe Limited, according to a stock exchange filing. The new entity aims to expand…
Iron ore futures rose on Wednesday, supported by fresh stimulus measures from Beijing, though concerns over long-term demand continue to persist. Chinese authorities announced a series of economic support steps…
Shagang, one of China's largest private steelmakers, has ordered a second DMS 20Hi EcoMill cold rolling mill to support its production of non-grain-oriented (NGO) electrical steel. The repeat investment reflects the…
Ezz Steel, one of Egypt's leading steel producers, has kept its rebar prices unchanged for the eighth consecutive month. The price remains steady at EGP 38,200 (USD 753) per ton ex-works (EXW), inclusive of 14pct VAT…
Turkey imported 4.7 mln tons of scrap in the first quarter of 2025, down 11.7pct YoY, according to data from the Turkish Statistical Institute (TUIK). The Netherlands was the top supplier during this period, exporting…
Iron ore futures held steady on Tuesday, as cautious sentiment lingered in post-holiday trading. Market participants remained wary amid ongoing concerns about the global economic outlook. Last week, China's Ministry of…
SSAB will invest around USD 74 mln to expand heat treatment capacity at its Axis, Alabama facility, significantly enhancing its ability to supply premium steel products to the U.S. market. The project includes a new…
Van Merksteijn Steel Group has completed its merger with Sudwest Beteiligungen, officially launching Reinforcing Steel Europe B.V. (RSE), the company announced. The new entity is headquartered in Almelo, the…
Hydnum Steel and Kingspan Group have announced a partnership to advance green steel use in the construction sector, aiming to reduce emissions and promote sustainable building materials. Hydnum Steel, headquartered in…
EMSTEEL, the UAE's leading steel and building materials manufacturer, has announced that Saeed Al Ghafri, CEO of its steel division, Emirates Steel, will step down after 19 years with the company. He will continue in…
Salzgitter, together with its subsidiary Salzgitter Flachstahl GmbH, is investing a triple-digit mln-euro sum in a new walking beam furnace and a waste gas heat recovery system at its hot strip mill. The upgrade aims to…
Austrian steelmaker Marienhutte will upgrade its bar production line in Graz using Danieli's newly patented Twin Drum technology. The revamp, covering the largest part of the finishing area, will replace the existing…
Turkey's scrap import prices remained stable this week, signaling that the market may have finally bottomed out, despite sluggish purchasing activity from local steel mills. Current scrap import prices are assessed at…
Saudi Steel Pipe Co. (SSP) reported a 9.2pct decline in net profit for the first quarter of 2025, falling to SAR 69 mln (USD 56.6 mln), according to a disclosure filed with the stock exchange. The company attributed the…
Jordan's Arabian Steel Pipes Manufacturing reported a 9.9pct YoY increase in net profit for the first quarter of 2025, according to its latest financial statement. The company recorded a net profit of JOD 510,673 (USD…
India's leading iron ore producer and exporter, National Mineral Development Corporation (NMDC), has announced a price hike of INR 440 (USD 5.1) per ton, according to a stock exchange filing. The revised prices are now…
Nucor Tubular Products, a leading manufacturer of carbon steel pipe and tubing in North America, entrusted Fives, an international engineering group, to design and supply new cut-off machines. The new machines…
United States Steel Corporation (U.S. Steel) reported a net loss of USD 116 mln in the first quarter of 2025, compared to net earnings of USD 171 mln in the same period last year, according to its latest financial…
Turkish steel producer Kardemir has announced a new sales round for billet and wire rod, featuring reduced prices, according to its latest price list. Billet prices have been cut by USD 15 per ton compared to previous…
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