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
Iron ore futures rose on Wednesday as markets anticipated additional stimulus measures from Beijing, despite lingering demand concerns. Market expectations are high for additional stimulus measures ahead of the annual…
South African steel producer, Scaw Metals has successfully produced its first slabs and coils at its new hot-strip mill complex in Johannesburg. This brownfield investment aims to expand the company's product portfolio…
BHP and HBIS Group have signed a new Memorandum of Understanding (MOU) to strengthen their strategic collaboration on decarbonizing the steel value chain. This builds on successful initiatives since their 2021…
Turkey's scrap import prices continued to decline this week, reflecting ongoing challenges in the steel market. Prices are now assessed at USD 335-340 per ton CFR, down from USD 340-345 per ton CFR recorded last week…
Iron ore futures climbed on Friday, supported by restocking activity and anticipation of further economic stimulus. Chinese steel mills increased their iron ore inventories to prepare for potential disruptions during…
Tata Steel has partnered with Danieli to modernize the wire rod line at its Jamshedpur plant. The project included the installation of two advanced shearing units, a crank shear and a rotary shear, along with an…
Turkish steel producer Kardemir has reduced its billet prices by USD 25 per ton, according to its latest price list. The updated price for S235JR grade billets is now USD 495 per ton EXW, while B420 grade billets are…
Iron ore futures remained unchanged on Thursday, reflecting cautious sentiment in the market despite firm near-term demand. Restocking by Chinese steel mills ahead of winter continues to provide support for prices…
SAIL (Steel Authority of India) has signed a Memorandum of Understanding (MoU) with John Cockerill India, an industrial equipment supplier, to explore joint initiatives aimed at advancing solutions for the steel…
Marcegaglia Stainless Sheffield, located in the UK, has partnered with Primetals Technologies to optimize production at its Sheffield minimill. The modernization project aims to double the plant's annual capacity from…
Egypt's Ezz Steel announced that a transformer at Meltshop No. 2 of its subsidiary, Ezz Flat Steel Company in Suez, has suffered a significant malfunction, according to the company's stock exchange filing. The…
Turkey exported approximately 1.54 mln tons of welded steel pipes in the first nine months of 2024, a 9pct increase compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK)…
Iron ore futures rose on Wednesday as Chinese steel mills increased restocking efforts ahead of the winter season, partially offsetting the weak steel demand outlook. The market also anticipates potential policy…
Saudi Iron and Steel Company (Hadeed) has revealed its updated long steel prices for December deliveries. The price of rebar (12-32 mm) will rise by SAR 50 (USD 13) per ton, bringing it to SAR 2,400 (USD 639) per ton…
Iron ore futures rose slightly on Tuesday, supported by restocking activities from Chinese steel mills ahead of potential winter logistics disruptions. However, gains were limited by a weak outlook for steel demand and…
Emirates Steel, part of the EMSTEEL group, has raised rebar prices for December production by AED 50 (USD 14) per ton. The updated prices are AED 2,610 (USD 711) per ton delivered to Abu Dhabi and AED 2,618 (USD 713)…
Turkey imported approximately 951,000 tons of pig iron during the first nine months of 2024, marking a 7pct decline compared to the same period in 2023, according to data from the Turkish Statistical Institute (TUIK)…
Iran exported iron ore pellets valued at USD 513 mln during the first seven months of the current Iranian calendar year (March 20-October 21), according to the Iranian Steel Producers Association (ISPA). This marks a…
Ajeej Steel Manufacturing Co., a subsidiary of National Building and Marketing Co., has renewed a Shariah-compliant credit facility agreement with Al Rajhi Bank valued at SAR 127 mln (USD 33.8 mln), the company…
Iron ore futures rose on Monday, buoyed by restocking activities as steel mills prepared for potential winter disruptions and the upcoming February holiday. This proactive inventory replenishment provided some support…
“Premium Content” marks a news item that needs a subscription to read in full.
