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
SMS Group has secured a contract to supply a state-of-the-art 185-ton Alternate Current Electric Arc Furnace (AC-EAF) and its auxiliaries to Saarstahl in Volklingen, Germany. This installation supports SHS's goal of…
Turkey's scrap import prices surged this week as Turkish steel mills continued to secure more cargoes to replenish inventories, driven by improved steel demand. Scrap prices rose to USD 385-390 per ton CFR, up from USD…
Turkey's Ministry of Commerce has imposed definitive anti-dumping duties on HRC imports, both alloyed and non-alloyed, from China, India, Japan, and Russia, according to an official gazette notification. The…
Turkey imported around 1.86 mln tons of semi-finished steel in the first eight months of this year, a 25pct decrease compared to the same period last year, according to the Turkish Statistical Institute (TUIK). Russia…
Iron ore futures recovered on Friday as markets anticipated further fiscal stimulus announcements by Beijing ahead of a key press conference. China's Finance Minister is set to outline plans to intensify fiscal stimulus…
ArcelorMittal has entered into a definitive equity purchase agreement with Nippon Steel Corporation (NSC) to acquire NSC's 50pct stake in the AM/NS Calvert joint venture. This move responds to regulatory concerns linked…
Turkish steel producer Kardemir has raised its billet prices by USD 20 per ton, according to the latest price list. The new price for S235JR grade billets is USD 550 per ton EXW, while B420 grade billets are priced at…
Industries Qatar (IQ) announced that its steel segment associate, Foulath Holding, has received a non-binding offer for the acquisition of 100pct of its share capital, according to a stock exchange filing. Foulath…
Algerian President Abdelmadjid Tebboune has called for the fast-tracking of three major mining projects to diversify the country's economy beyond oil and gas. During a Cabinet meeting, Tebboune emphasized the urgent…
Iron ore futures continued their decline on Thursday, despite gains earlier in the session, as uncertainty surrounding Beijing's stimulus measures weighed on the market. Futures initially rose after reports that China's…
Turkish steel producer Kardemir has announced updated rebar and wire rod prices in its latest price list. The company is now offering rebar (12-32 mm) at TRY 22,000 (USD 642) per ton, up from TRY 21,500 (USD 628) per…
Turkey's HRC imports approximately 2.44 mln tons in the first eight months of this year, a decline of nearly 20pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). China was…
Iron ore futures extended losses on Wednesday, as the lack of additional stimulus measures dampened market sentiment. The sharp rally seen before the holidays cooled off after a press briefing by the National…
Cleveland-Cliffs Inc. has announced that it received a "no-action letter" from the Canadian Competition Bureau, indicating that the Commissioner of Competition does not plan to challenge its pending acquisition of…
Ezz Steel, a leading Egyptian steel producer, has lowered its rebar prices for the domestic market. The company is now offering rebar at EGP 38,200 (USD 789) per ton, down from the previous price of EGP 40,700 (USD 862)…
Turkey's wire rod exports reached approximately 610,000 tons in the first eight months of this year, representing a significant increase of nearly 68pct YoY, according to the Turkish Statistical Institute (TUIK)…
Crescent Steel and Allied Products Limited has announced that it has secured a contract from Sui Northern Gas Company Limited (SNGPL), according to a filing with the Pakistan Stock Exchange (PSX). SNGPL has awarded…
Iron ore futures reversed earlier gains and posted a loss in post-holiday trading on Tuesday, as markets were disappointed by a recent statement from the National Development and Reform Commission (NDRC), which dampened…
Welspun announced that it has secured a significant order in the U.S. to supply coated HSAW pipes for a natural gas pipeline project, according to a stock exchange filing. The contract is valued at INR 2,400 crore (USD…
Indian structural steel tube manufacturer, Rama Steel Tubes Limited announced its sales volume performance for H1FY25 and Q2FY25. The company registered a sales volume of 50,921.67 tons in Q2 FY25, up sharply by 42.3pct…
“Premium Content” marks a news item that needs a subscription to read in full.
