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
Fauji Foundation has officially withdrawn its Public Announcement of Intention (PAI) to acquire a controlling stake in Agha Steel Industries Limited, as confirmed by Integrated Equities Limited, the offer manager, in a…
Iron ore futures traded within a narrow range on Wednesday as the market struggled for direction amid weak demand and hopes for supportive measures for the property sector. Investors remain optimistic that Beijing will…
Transformers and Rectifiers (India) Ltd. (TARIL) has announced a strategic investment in Posco Poggenamp Electrical Steel, acquiring a controlling stake, according to a stock exchange filing. Posco Poggenamp…
ArcelorMittal and HP have announced a strategic collaboration to advance steel additive manufacturing, combining ArcelorMittal's sustainable steel solutions with HP's expertise in additive manufacturing. ArcelorMittal…
Local and regional steel producers, including Emirates Steel, Union Iron & Steel, Qatar Steel FZE, and Oman's Jindal Shadeed, have recently obtained Emirates Conformity Assessment Scheme (ECAS) certification in line…
Turkey's Tosyali Toyo Celik, a joint venture between Tosyali and Japanese steel firm Toyo Kohan, is investing USD 200 mln to expand production capacity at its Osmaniye plant, according to local media reports. Board…
The investment arm of Abu Dhabi's sovereign wealth fund, Mubadala Capital, is exploring the sale of a Brazilian iron ore port terminal operator. The Rio de Janeiro-based port may be sold alongside the company's iron ore…
Iron ore futures edged up on Tuesday amid reports of new housing incentives, despite weakening steel demand. Beijing is considering reducing taxes on home purchases, with Bloomberg reporting that the deed tax in major…
NMDC Steel reported a widening loss of INR 595.37 crore (USD 70.5 mln) for the September quarter, driven by a surge in expenses. In the same period last year, the company posted a loss of INR 131.10 crore, according to…
Liberty Steel has announced a restructuring plan for its specialty steel business, SSUK, as part of its recovery and growth strategy. The plan aims to significantly reduce SSUK's debt and strengthen its ability to meet…
Turkey's HRC exports reached approximately 1.84 mln tons in the first nine months of 2024, surging by 134pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). From January to…
Turkish steel producer Borcelik has chosen international technology group Andritz to supply a combi-line furnace for a new continuous galvanizing and annealing line dedicated to automotive-grade materials. The line…
The Egyptian Ministry of Investment and Foreign Trade has initiated an anti-dumping investigation into imports of cold-rolled and coated steel products from Turkey and China. The investigation was launched in response…
Iron ore futures fell on Monday, weighed down by weak demand fundamentals and a lackluster stimulus package, which dampened market sentiment. Demand for iron ore remains soft, driven by high port inventories and…
India's Sandur Manganese & Iron Ores Limited (SMIORE) board has approved the acquisition of an additional 20pct stake in Arjas Steel Private Limited (ASPL), bringing its total equity shareholding to 100pct, the company…
Turkey's scrap import prices edged up slightly, fluctuating within a narrow range as suppliers held firm on prices despite a decline in Turkish steel prices. Current prices are assessed at USD 360-365 per ton CFR, up…
Turkish steel producer Kardemir has decreased its billet prices by USD 15 per ton, according to the latest price list. The new price for S235JR grade billets is USD 520 per ton EXW, while B420 grade billets are offered…
Turkey's wire rod exports reached approximately 736,300 tons in the first nine months of 2024, a sharp increase of 76pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK)…
China's Dalipal Holdings, led by Chairman Meng Fanyong, has signed a letter of intent to build a seamless steel pipe factory at Saudi Arabia's King Salman Energy Park (SPARK). The plant will cover more than 1,000,000 m2…
Iron ore futures fell on Friday as weak demand fundamentals weighed on the market, with China announcing new stimulus measures after the morning session closed. Beijing introduced a USD 1.4 trillion debt package aimed…
“Premium Content” marks a news item that needs a subscription to read in full.
