Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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BlueScope's net profit for the six months ending December 31, 2024, saw a sharp decline, according to its financial results. The company reported a net profit after tax of AUD 179.1 mln (USD 113.7 mln) for H1 FY25, down…
Turkey's scrap import prices rose further this week, but the increase dampened buying interest from local steel mills due to weak demand for finished steel. Scrap prices were assessed at USD 350-360 per ton CFR, up from…
Turkish steel producer Kardemir has raised its billet prices, according to its latest price list. The price for S235JR grade billets has been set at USD 490 per ton EXW, reflecting a USD 10 per ton increase from the…
Jordan's Arabian Steel Pipes Manufacturing reported a 22.6pct YoY increase in profit for 2024, according to its annual financial statement. The company recorded a profit of JOD 1.53 mln (USD 2.16 mln), up from JOD 1.25…
Dalian iron ore futures continued to decline on Friday as weak steel demand and escalating trade tensions weighed on market sentiment. Steel consumption in China remained sluggish after the Lunar New Year holidays…
Meriaura Energy Oy's solar thermal system is providing low-carbon heat to households in Bad Rappenau, Germany, using custom SSAB cold-formed open sections, SSAB announced in a press release. Covering 29,000 square…
Primetals Technologies has received the final acceptance certificate (FAC) from ASONEXT for the upgrade of its 40-ton argon-oxygen decarburization (AOD) converter at the Italian stainless steel producer's Brescia…
Turkey's HRC imports reached approximately 3.6 mln tons in 2024, down 12.5pct from the previous year, according to the Turkish Statistical Institute (TUIK). China remained Turkey's top HRC supplier, delivering about…
Iron ore futures fell on Wednesday as escalating trade tensions and concerns over excess steel supply weighed on market sentiment, despite supply disruptions in Australia. The White House announced that President Donald…
SMS group has signed a major contract with Qinghai Xigang New Materials Co., Ltd., a subsidiary of Xining Special Steel, to upgrade and maintain its PSM380 (Precision Sizing Mill) used for rolling special steel bars…
The Indian government has mandated quality standards for stainless steel seamless pipes and tubes to curb substandard imports, promote domestic manufacturing, and ensure consumer safety. The order issued by the…
Outokumpu has completed a feasibility study on using small modular reactor (SMR) technology to enhance low-carbon energy availability near its largest stainless steel plant in Tornio, Finland. The study confirmed the…
UAE-based EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for 2024. The company reported revenues of AED 8.3…
Turkey's rebar exports reached 3.43 mln tons in 2024, remaining largely stable compared to 3.39 mln tons in 2023, according to data from the Turkish Statistical Institute (TUIK). Yemen was the top importer of Turkish…
Saudi Arabia's East Pipes Integrated Company for Industry has signed multiple contracts to establish a new production line for Helical Submerged Arc Welded (HSAW) pipes at its factory in Dammam 2nd Industrial City, the…
Iron ore futures recovered on Wednesday as supply concerns resurfaced, lifting commodity markets after a sharp decline triggered by former U.S. President Donald Trump's announcement of tariffs on steel and aluminum…
SMS group has supplied a high-capacity hot strip mill (HSM) to Jindal Steel's Angul site in Odisha, India. Designed for an annual capacity of five mln tons, the 1,780 mm mill features advanced rolling technologies for…
Qatar Steel and Bahrain Steel have signed a USD 1.266 bln agreement to supply five mln tons of steelmaking raw materials over five years, Qatar's Ministry of Commerce and Industry announced. The partnership ensures a…
Saudi Steel Pipe Company (SSP) announced that its subsidiary, Global Pipe Company (GPC), has secured a contract worth approximately SAR 910 mln (USD 242.5 mln) to supply LSAW pipes for Saudi Aramco's Accelerated Carbon…
Iron ore futures reversed earlier gains and declined on Tuesday as demand concerns grew following new steel tariffs announced by U.S. President Trump. Futures had risen in the morning session due to supply disruptions…
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