Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The UK government has extended existing anti-dumping duties on certain welded tubes and pipes originating from Belarus and China for another five years, following an expiry review by the Trade Remedies Authority (TRA)…
Turkish steelmaker Kardemir has concluded its latest sales round with higher billet and rebar prices, while firm scrap costs supported the increases. The producer sold S235JR-grade billet at USD 535 per ton EXW, up USD…
Pakistan's National Tariff Commission (NTC) has initiated a sunset review of existing anti-dumping duties on cold-rolled (CR) steel imports from the European Union, Vietnam, Taiwan and South Korea. The review follows an…
Turkish steelmaker Kardemir has won a tender from Turkiye Rayli Sistem Araclari Sanayii A.S. (TURASAS), Turkish state-owned rail vehicle manufacturer, to supply 1,640 TSI-certified monobloc railway wheels. Kardemir was…
An explosion at the furnace control room of Yesilyurt Demir Celik's steel plant in Tekkekoy, Samsun province, Turkey, injured two operators, local media reported. The incident occurred at the company's facility in the…
Aramco has signed a purchase agreement for oil country tubular goods (OCTG) with French tubular products maker Vallourec, according to media reports, as part of a package of agreements and a memorandum of understanding…
China's iron ore futures strengthened on Wednesday as improving expectations for steel production provided support to the market, although rising iron ore supply limited the upside. Market sentiment improved as steel…
Tata Steel Ludhiana has received the Bureau of Indian Standards (BIS) licence under IS 14650:2023 for producing octagonal billets, becoming the first steel producer in India to receive the certification. The certified…
Swedish specialty steelmaker Alleima plans to invest around USD 20 mln to expand production capacity and capabilities for advanced tubing products at its existing facility in Mehsana, India. The investment will add…
GCC rebar mills continue to face limited billet availability as vessel delays complicate deliveries into key markets. MESTEEL's August assessment puts UAE billet at USD 640-650 per ton, with buyers in the UAE and Saudi…
UAE's Emirates Steel, part of EMSTEEL Group, has kept its rebar prices unchanged for September production. The company maintained its price for 12-32 mm rebar at AED 2,921 (USD 795) per ton EXW, excluding 5pct VAT…
Turkey's Kardemir Celik Sanayi reported a 26.3pct YoY increase in sales revenue to TRY 13.92 bln (USD 290 mln) in the first half of 2026, while net profit fell 52pct to TRY 410.4 mln (USD 8.6 mln). The company's cost of…
Saudi Arabia's Al Yamamah Steel Industries is advancing its planned billet production project after its subsidiary, Al Yamamah Company for Reinforcing Steel Bars, signed a SAR 500 mln (USD 133.3 mln) Islamic credit…
Saudi Arabia's Ajeej Steel Manufacturing Co., a subsidiary of National Building & Marketing Co., has signed a five-month Sharia-compliant banking facility worth SAR 75 mln (USD 20 mln) with First Abu Dhabi Bank to…
China's iron ore futures edged lower on Tuesday as firm cost support failed to offset weaker iron ore fundamentals and cautious buying from steel mills. On the raw material side, coking coal remains firm, with tight…
India's JSW Steel has selected Austria-based Andritz to supply a continuous galvanizing line at its Toranagallu steel plant in Karnataka, strengthening its capacity to produce value-added galvanized steel for automotive…
Tata Steel's Llanwern galvanizing plant in South Wales is operating at around half capacity as increased availability of duty-free Asian steel weighs on orders and domestic competitiveness, according to The Guardian…
GCC HRC availability is tightening as shipping disruptions and elevated freight costs make Chinese material increasingly difficult to secure, while Indian mills are gaining interest among UAE buyers. MESTEEL's last week…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) has renewed a Sharia-compliant SAR 25 mln (USD 6.7 mln) banking facility with Alinma Bank to finance working capital. The short-term facility runs from August 23…
Iron ore futures strengthened on Monday as firmer steel and raw material prices improved market sentiment, although rising iron ore supply and weak underlying steel demand remained concerns. The market has shifted…
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