Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
3,624 news items in Products. Show all
Al Jazeera Steel Products Co. reported a 93pct surge in net profit for 2024, reaching OMR 7 mln (USD 18.3 mln), up from OMR 4 mln in 2023, according to its latest financial statement. Revenue rose 3pct YoY to OMR 146.68…
Libya aims to establish itself as a direct reduced iron (DRI) supplier in the Mediterranean and beyond with plans for a new DRI complex in the Benghazi region, featuring Midrex Flex technology. Tosyali Sulb Steel…
Iron ore futures extended losses on Tuesday as market sentiment remained weak due to anti-dumping duties on Chinese steel imposed by key buyers and a recovery in iron ore supply. Concerns over steel demand resurfaced…
Gunung Raja Paksi Tbk (GRP), Indonesia's largest privately owned steelmaker, has signed a landmark deal with Primetals Technologies, becoming Asia's first steel plant outside China capable of producing zero-carbon HRC…
Canada Metal Processing Group (MPG Canada) and its subsidiaries, Ivaco Rolling Mills, Sivaco, and Infasco, have announced cost-cutting measures to address market challenges and potential U.S. tariffs on steel. Amid…
British Steel will supply 768 tons of top hat shaft guides to a diamond mine in Botswana from its Special Profiles plant in Skinningrove. The Karowe mine, owned by Canada's Lucara Diamond Corp., is among the leading…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for March production will remain unchanged. The company's price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton…
Turkish steel producer Tosyali Holding is reportedly interested in acquiring Liberty Dudelange, a Luxembourg-based steel producer, according to media reports. Several buyers initially expressed interest in the…
Turkish pipe manufacturer Erciyas Celik Boru, along with its business partner, has received a new pipe order from Morocco, the company announced in a stock exchange filing. Valued at USD 76.3 mln, the order is for the…
Dalian iron ore futures fell on Monday as growing protectionist measures against Chinese steel dampened market sentiment. Vietnam, the largest market for Chinese HRC, has announced temporary anti-dumping duties on HRC…
Chinese seamless pipe manufacturer Hengyang Valin Steel Pipe has selected Danieli's Fine Quality Mill (FQM) technology for its new hot-rolling production line, designed to produce 800,000 tons per year of extra-large…
South Korea's Hyundai Steel has suspended operations at its cold-rolled steel plant in Dangjin, South Chungcheong, following a monthlong strike by workers demanding pay increases, according to local media reports. The…
Metinvest and Danieli have signed a shareholder agreement at the Italian Ministry of Enterprises and Made in Italy in Rome, formalizing their joint partnership in Metinvest Adria S.p.A. This agreement is a key step in…
Turkey's scrap import prices remained stable this week at USD 350-360 per ton CFR, despite weak steel demand, as restocking by Turkish steel producers provided support. Limited scrap collection during the winter also…
In January 2025, Pakistan's scrap imports saw a slight decline, falling by 4.99pct compared to the same month last year, according to data from the Pakistan Bureau of Statistics. The country imported a total of 213,818…
Iron ore futures rose on Friday, driven by recovering steel demand and expectations of further stimulus, boosting market sentiment. Steel demand in China rebounded sharply this week, particularly for rebar, which…
Vietnam's Ministry of Industry and Trade has announced provisional anti-dumping duties of 19.83pct to 27.83pct on HRC imports from China following complaints from domestic producers. Baoshan Iron & Steel and Maanshan…
South Korea plans to impose provisional anti-dumping duties of up to 38pct on Chinese hot-rolled heavy plates starting next month. Following a Trade Commission meeting, the Ministry of Trade, Industry and Energy (MOTIE)…
The Australian government has allocated AUD 1 billion (USD 636 mln) to support the development of green iron manufacturing and its supply chains, according to an official statement. Of the total allocation, up to AUD…
El Marakby Steel, a leading Egyptian manufacturer of deformed bars and wire rod, is enhancing its production capacity and competitiveness by upgrading its SMS minimill at the 6th of October site. In early 2023, SMS…
“Premium Content” marks a news item that needs a subscription to read in full.
