Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkish integrated steel producer Erdemir Group reported a sharp increase in profitability during the first half of 2026, supported by higher production, stronger sales and improved operating performance following the…
Pakistan's Frontier Foundry Steel Limited (FF Steel) has formally launched its Initial Public Offering (IPO) process, marking the company's planned debut on the Pakistan Stock Exchange (PSX). The company has appointed a…
Iron ore futures edged lower on Monday, with the market consolidating after last week's recovery as stable global supply and subdued steel demand outweighed concerns over potential disruptions from industrial action at…
India's National Mineral Development Corporation (NMDC) has reduced its domestic iron ore prices by INR 200 (USD 2.1) per ton, effective August 8. Following the revision, NMDC's 65.5pct Fe lump ore (10-40 mm) is priced…
Taiwan's China Steel Corporation (CSC) has left domestic prices for all steel products unchanged for September 2026 deliveries, citing signs of stabilization in international steel markets despite continued uncertainty…
Japan's Nippon Steel has commissioned a new hot strip mill at its Nagoya Works, significantly strengthening its production capability for advanced flat steel products, including ultra-high tensile strength (UHSS) steel…
Turkey's imported scrap prices remained largely stable this week, with tight supply and high freight costs supporting the market despite cautious buying from Turkish mills. MESTEEL assessed HMS 1&2 (80:20) import prices…
Saudi Steel Pipe Company (SSP) reported lower revenue and net profit in the first half of 2026, mainly reflecting lower sales volumes, an expected credit loss and the impact of a one-off gain recorded in the comparable…
Turkey's Kocaer Celik received steel profile orders worth USD 61.39 mln in July 2026, according to the company's stock exchange filing. The orders were mainly for export markets as well as the domestic market. Kocaer…
Egypt is seeking to increase the use of locally produced steel in its automotive industry as part of wider plans to deepen vehicle manufacturing and reduce dependence on imported components, according to local media…
Iron ore futures edged higher on Friday, holding most of their recent recovery as stronger coking coal and coke prices supported the ferrous complex, although weaker Chinese steel production and high port inventories…
China's steel exports declined 4.4pct YoY to around 65 mln tons during the first seven months of 2026, as growing trade barriers and weaker overseas buying continued to weigh on shipments. According to data from the…
Vietnam's domestic HRC prices declined further as leading producers Formosa Ha Tinh and Hoa Phat lowered their offers amid weak demand and growing competition from cheaper imported material. Formosa reduced its latest…
Turkey's Kocaer Celik reported a 19pct YoY increase in net profit in the first half of 2026, supported by an improved product mix and higher margins despite a decline in sales revenue. The company's net profit…
Turkey's Ministry of Environment, Urbanization and Climate Change has approved the Environmental Impact Assessment (EIA) for Kocaer Celik's planned integrated steelmaking and rolling mill investment in Aliaga, Izmir…
Iron ore futures rose further on Thursday, extending their recovery from one-year lows as concerns over potential supply disruptions and firmer raw material prices supported sentiment, although underlying supply-demand…
Thyssenkrupp Rasselstein is developing a large-scale solar power facility at its tinplate plant in Andernach, Germany, as part of efforts to increase the use of renewable electricity and reduce the carbon footprint of…
French company GravitHy has contracted Danieli to supply a direct reduction plant for its planned green HBI production project at Fos-sur-Mer, France. The facility will use ENERGIRON Zero Reformer technology, jointly…
Saudi Arabia's General Authority for Foreign Trade (GAFT) has imposed definitive anti-dumping duties on ductile iron pipe imports from India, concluding an investigation launched in July 2025 following a complaint by…
Turkey imported 9.7 mln tons of ferrous scrap in the first half of 2026, up 3.2pct YoY, according to data from the Turkish Statistical Institute (TUIK). The United States remained Turkey's largest scrap supplier during…
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