Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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NS-Siam United Steel (NS-SUS) has completed commissioning and final acceptance of two new 25-ton Danieli coil-handling cranes at its Plant 3 in Rayong, Thailand, as part of a modernization programme aimed at increasing…
Turkey's imported scrap prices remained range-bound this week, with Turkish steel mills showing limited buying interest amid weak finished steel demand and cautious purchasing. MESTEEL assessed HMS 1&2 (80:20) at USD…
Pakistan's International Steels Limited (ISL) reported a sharp improvement in profitability in the nine months ended March 2026, supported by higher steel sales, improved capacity utilization and tighter cost controls…
Iron ore futures were broadly stable on Friday as near-term supply concerns provided some support, while weak steel demand and squeezed mill margins continued to limit the upside. Iron ore inventories fell recently on…
India's Welspun Corp has secured its largest-ever single order, valued at approximately USD 1.8 bln, for the supply of pipes from its manufacturing facility in the US. The order, which will be executed during FY28-FY29…
SSAB has partnered with US railcar manufacturer Greenbrier and metal recycler Alter Trading to complete a batch of 50 gondola railcars using SSAB Zero steel as part of a closed-loop recycling initiative. The railcars…
Cleveland-Cliffs will invest USD 1 bln to modernize its Middletown Works steel plant in Ohio, with the US Department of Energy (DOE) providing USD 500 mln through a rescope of its previously awarded grant. The…
Turkish steel producer Kardemir has raised its domestic wire rod prices, according to the company's latest price list. The company is offering 5.5 mm SAE 1006 grade wire rod at USD 620 per ton EXW, while SAE 1008-1010…
Pakistan's Aisha Steel Mills returned to profitability in FY26, reporting a net profit of PKR 981.1 mln (USD 3.6 mln), compared with a net loss of PKR 1.35 bln a year earlier, supported by higher sales volumes and…
Iron ore futures fell on Thursday as weak steel demand outweighed support from firmer coke and coking coal prices. Crude steel production among China Iron and Steel Association (CISA) member mills fell 3.4pct YoY to 473…
South Korea's Hyundai Steel has signed an MoU with construction project management company HanmiGlobal to expand the use of steel structures in advanced industrial facilities, including data centres and semiconductor…
Greece's Corinth Pipeworks has secured the line pipe supply package for the Rovuma LNG Phase 1 project in Mozambique, with the contract valued at USD 200-250 mln. The company will manufacture around 250 km or 120,000…
Thyssenkrupp Steel has completed the modernization of continuous slab caster No. 4 at its Duisburg site, with Primetals Technologies issuing the final acceptance certificate in April 2026. The upgraded two-strand caster…
Chinese steel exports to GCC countries declined by 18pct YoY to 4.54 mln tons during the first half of 2026 from 5.54 mln tons a year earlier, according to MEsteel analysis of Chinese customs data covering steel…
Turkey's Izmir Demir Celik reported a consolidated net loss of TRY 529.4 mln (USD 11.1 mln) in January-June 2026, narrowing from TRY 949.3 mln a year earlier, despite weaker revenue and a sharp deterioration in…
India's MAN Industries (India) has been included in QatarEnergy's Preferred Manufacturers List (PML) for carbon steel LSAW pipes, coating and bends, making the company eligible to bid for large-diameter pipe…
Iron ore futures edged higher on Wednesday, supported by firmer coking coal and coke prices, although tight steel mill margins and weak underlying demand continued to limit the upside. Coking coal and coke markets…
Indian steelmakers are seeking to diversify coking coal supplies as higher prices and disruptions in major producing regions increase steelmaking costs, Reuters reported. India imports around 95pct of its coking coal…
Australia's Fortescue has produced its first hot metal at the USD 50 mln Green Metal Project at Christmas Creek in Western Australia, marking the first successful operation of its electric smelting process and a step…
Turkey's Kardemir posted a consolidated net profit of TRY 5.98 bln (USD 124.7 mln) in January-June 2026, compared with a net loss of TRY 335.8 mln in the same period last year, while EBITDA rose 49.4pct YoY to TRY 4.75…
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