Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Izmir Demir Celik Sanayi A.S. (IDC), a leading Turkish producer of reinforcing steel and profiles, has significantly expanded its steel production capabilities with the installation of a Concast seven-strand continuous…
Amreli Steels, one of Pakistan's leading steel manufacturers, reported a significant increase in losses for the first nine months of fiscal year 2025, ending March 31. The company posted a net loss of PKR 2.85 bln (USD…
Mobarakeh Steel Group, the Middle East's largest steel producer, has urged the Indian government to grant market access to Iranian companies, particularly for the export of semi-finished steel products, according to an…
NSL Green Steel Recycling, a fully owned JSW Steel subsidiary company, selected Danieli Centro Recycling technology for its new heavy-duty shredder, to be installed at Khalapur, Raigad district of Maharashtra, India. To…
Electra, a leader in low-carbon iron production, has raised USD 186 mln in Series B funding, co-led by Capricorn Investment Group and Temasek Holdings. This brings its total funding to USD 214 mln, solidifying its…
The UK government has secured key raw materials to keep British Steel's Scunthorpe plant operational. Over 55,000 tons of blast furnace coke from BlueScope Steel's Australian plant recently arrived at Immingham Bulk…
The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70 (USD 19) per ton, bringing the new price to SAR 2,280 (USD 607) per ton. In…
The Egyptian Ministry of Investment and Foreign Trade has launched a safeguard investigation into imports of hot-rolled steel products, according to a notification from the World Trade Organization (WTO). The…
Pakistan's Mughal Iron and Steel Industries Limited (Mughal Steel) reported a consolidated profit of PKR 412.39 mln (USD 1.46 mln) for the nine-month period ending March 31, 2025, a sharp 70.3pct YoY decline, according…
Iron ore futures declined on Wednesday, pressured by mounting concerns over long-term demand. The market faces several headwinds, including the potential for steel production cuts, hinted at by Baosteel earlier this…
SSAB has secured EUR 2.3 bln (USD 2.62 bln) in green financing to support the construction of a state-of-the-art fossil-free mini-mill in Lulea, Sweden, the company announced. The project is central to SSAB's strategy…
The Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), Waleid Gamal El-Dein, has laid the foundation stone for Chinese company Xinfeng's integrated industrial steel complex in Sokhna. The…
Saudi Steel Pipe Co. (SSP) has signed a settlement agreement with the sellers of three land plots in Dammam, originally purchased in 2010. The agreement, finalized on April 28, nullifies the transaction, with the…
Iron ore futures edged higher on Tuesday, supported by near-term demand, though gains were capped by ongoing concerns over long-term consumption. Pre-holiday restocking ahead of the May holidays and increased steel…
Tokyo Steel Manufacturing plans to invest nearly JPY 10 bln (USD 70 mln) to upgrade its hot-dip galvanizing line at the Okayama Plant, enabling production of cold-rolled coils and expanding its flat steel product…
British Steel is supplying 350 tons of rail for a major redevelopment at the Long Marston Rail Innovation Centre in Warwickshire, the company announced in a press release. Home to the UK's only railway test loop, the…
Spanish company Tubacex is set to build Central Asia's first seamless pipe manufacturing plant in Kazakhstan, according to the Kazakh Foreign Ministry. The plant will focus on producing seamless nickel alloy and…
Vallourec, a global leader in premium seamless tubular solutions, has secured a significant contract to supply Oil Country Tubular Goods (OCTG) for Kuwait Oil Company's (KOC) drilling operations. The agreement is valued…
State-owned Energy Development Oman (EDO) has signed a memorandum of understanding (MoU) with China's Jiangsu Changbao Steel Tube Co. to explore the development of a cutting-edge Oil Country Tubular Goods (OCTG)…
Iron ore futures prices fell on Monday as concerns over potential steel production cuts weighed on market sentiment. The decline followed comments from major steel producer Baosteel, which suggested that a nationwide…
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