Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Qatar Steel, the steel subsidiary of Industries Qatar, reported a 39pct YoY increase in net profit to QAR 367 mln (USD 100.8 mln) in H1 2026, supported by higher average selling prices and lower operating costs despite…
Egyptian steel mills are sharply reducing production as weak sales weigh on the domestic market, with some plants temporarily suspending operations, according to local media reports. Hassan El-Marakby, chairman of El…
Egypt's Iron and Steel for Mines and Quarries (ISMQ) reported a 42.9pct YoY decline in net profit after tax to EGP 398.3 mln (USD 7.9 mln) in H1 2026, from EGP 698.0 mln (USD 13.9 mln) a year earlier. The company's…
Iron ore futures rebounded on Tuesday, supported by supply concerns and renewed expectations of further stimulus from Beijing, although weak downstream steel demand remained a key constraint on the market. The strike at…
Indian steelmakers could gain access to a new export market in Uzbekistan after the Indian Steel Association (ISA) signed a bilateral MoU with the Uzbekistan Metallurgy Association to strengthen cooperation between the…
Mexico's TYASA has completed the start-up of its new 350,000 tons per year special bar quality (SBQ) plant in Ixtaczoquitlan, Orizaba, with the Danieli-supplied complex now in operation. The new complex includes a…
Steel import sourcing shifted towards regional suppliers during the second quarter of 2026, as geopolitical tensions and disruptions to maritime logistics altered supply patterns across the Gulf. Imports of…
Turkey-based Borusan Pipe's US subsidiary, Borusan Berg Pipe, has secured new sales orders worth approximately USD 360 mln following commercial negotiations with customers in the US market. The company expects the…
Iron ore futures weakened on Monday as high port inventories and weaker Chinese economic data offset improving steel market sentiment and stronger coking coal prices. Chinese steel traders said finished steel…
Jindal Stainless plans to invest INR 900 crore (USD 94.1 mln) to increase its cold rolling capacity in India from 2.05 mln tons per annum to 2.67 mln tons per annum by FY28, managing director Abhyuday Jindal said in the…
Czech steelmaker Nova Hut has started receiving steel billets from Norway-based 7 Steel Nordic, according to local media reports. The first shipment arrived several weeks ago, with 7 Steel Nordic potentially supplying…
Turkey's imported scrap market saw some trading activity this week, but Turkish steel mills remained cautious amid weak finished steel demand and limited margins. MESTEEL assessed HMS 1&2 (80:20) at USD 375 per ton CFR…
Turkey exported approximately 528,600 tons of wire rod in the first half of 2026, broadly unchanged from the same period last year, according to data from the Turkish Statistical Institute (TUIK). Romania remained the…
Turkish long steel producer, Ekinciler Demir ve Celik Sanayi A.S. increased its revenue by 28.2pct YoY to TRY 11.8 bln (USD 246.8 mln) in the first half of 2026, while net profit declined 1.9pct to TRY 323.4 mln (USD…
Tosyali Algerie's DRI II plant produced 248,601 tons in May 2026, setting the highest-ever monthly production recorded by a single Midrex DRI plant, according to the company. The company's average productivity reached…
Iron ore futures recovered on Friday, supported by stronger coking coal prices and improving sentiment in the Chinese steel market. Signs of better downstream activity ahead of September also provided some support…
ArcelorMittal Nippon Steel India (AMNS India) has launched STRUCTROMAX and WELDSTAR, two new heavy steel plate brands targeting infrastructure, construction, transportation, energy and heavy engineering applications…
US steel producer Hybar LLC has selected SMS group to supply a second CMT 550 continuous minimill for its steelmaking complex in Osceola, Arkansas. Installed alongside the existing mill, the project will create the…
Finnish stainless steel producer Outokumpu will inaugurate a new biocoke agglomeration plant at its Tornio production site, enabling the replacement of fossil coke with biomass-based biocoke in ferrochrome production…
Saudi Arabian steel producer Riyadh Steel Co. reported a 145.8pct YoY increase in net profit to SAR 6.03 mln (USD 1.61 mln) in the first half of 2026. Revenue declined 15pct YoY to SAR 70.1 mln (USD 18.7 mln), mainly…
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