Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Meranti Green Steel (MGS) has appointed SMS group and Midrex Technologies as technology partners for the front-end engineering phase of its planned 2.5 mln tons per annum direct reduced iron (DRI) plant in Duqm, Oman…
Saudi Arabia's Al Yamamah Steel Industries said its subsidiary, Al Yamamah for Reinforcing Steel Bars, has signed a SAR 270 mln (USD 72 mln) contract with a specialized European company for the manufacturing, supply and…
Pakistan imported 323,896 tons of steel scrap in June 2026, up nearly 65pct from 196,424 tons in the corresponding month last year, according to data from the Pakistan Bureau of Statistics (PBS). Steel scrap imports…
Iron ore futures were little changed on Thursday as resilient Chinese steel production and a weekly drawdown in port-side inventories helped offset concerns over the medium-term demand outlook. According to the China…
Indian steel exporters will be able to ship more than 1.1 mln tons of steel annually to the UK duty-free under the India-UK Comprehensive Economic and Trade Agreement (CETA), which came into force on July 15. The…
Govt nationalizes British Steel to safeguard domestic steel production The UK government has taken British Steel into public ownership after the Steel Industry (Nationalization) Act received Royal Assent, saying the…
Rio Tinto reported a 6pct YoY increase in Pilbara iron ore production to 162.3 mln tons during the first half of 2026, supported by productivity improvements across its mining operations, while iron ore sales from the…
Turkey exported 1.1 mln tons of HRC during the first five months of 2026, down more than 15pct year-on-year, according to data from the Turkish Statistical Institute (TUIK). Italy remained the largest export…
Leading Turkish steel producers have warned that aggressive price competition, rising imports and tightening export restrictions are putting increasing pressure on the country's steel industry, according to local media…
Jindal Steel Duqm LLC has received the 870-ton direct reduced iron (DRI) reactor vessel for its green steel project at the Duqm Special Economic Zone (SEZ), marking another key construction milestone as the project…
Turkish stainless steel producer Ukinox has signed a USD 14 mln agreement to establish a stainless steel kitchen sink manufacturing plant in Egypt's Sokhna Industrial Zone within the Suez Canal Economic Zone (SCZone)…
Iron ore futures extended gains on Wednesday despite mixed steel market signals, while weak steel demand and slowing economic growth continued to cloud the medium-term outlook. China's crude steel production increased…
China's Henan Jiyuan Iron & Steel has awarded Danieli a contract to supply a new four-strand bow-type continuous casting machine (CCM) for its steelworks in Henan province. The new caster, scheduled to start up in 2027…
Outokumpu Stainless USA has placed an order with Primetals Technologies for a 180-ton twin ladle furnace to be installed at its stainless steel facility in Calvert, Alabama. The new furnace will replace a ladle…
Uzbekistan has commissioned its first hot rolled steel sheet production complex following the inauguration of a new casting and rolling facility at the Uzbek Metallurgical Plant (Uzmetkombinat) in Bekabad. President…
UAE's CIM Steel Industry LLC has completed the first commercial dispatch of cold rolled full hard (CRFH) coils from its new manufacturing facility in Umm Al Quwain, marking another milestone in the commissioning of its…
Pakistan's Agha Steel Industries Ltd has signed a bilateral restructuring agreement with Bank Al Habib Ltd (BAHL), marking a key milestone in the company's ongoing financial restructuring program. Under the agreement…
Vale has completed a two-year research program with Sultan Qaboos University (SQU) to identify new applications for iron ore by-products, supporting the development of Oman's first iron ore concentration plant at Sohar…
Iron ore futures gained on Monday, reversing earlier losses as supply concerns in Australia offset the weak outlook for steel demand and Chinese mill profitability. Iron ore prices found support after workers at BHP's…
China's steel exports declined 5.6pct YoY to 54.87 mln tons during the first half of 2026, reflecting growing trade barriers in key export markets and disruptions to shipments caused by the Middle East conflict. The…
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