Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures declined on Thursday as rising supply and weak steel demand continued to weigh on market sentiment. Market insiders said rising iron ore supply, coupled with weakening margins at Chinese steel mills and…
South Korea's SeAH Steel has secured a contract to supply approximately 1,750 tons of stainless steel pipes for a carbon capture project in Teesside, northern England, marking the company's entry into the UK's growing…
Germany's Thyssenkrupp has sold its remaining 15pct stake in Italian stainless steel producer Acciai Speciali Terni (AST) to the Arvedi Group, completing the transaction agreed in 2021 for the sale of the steelmaker and…
Azerbaijan Metal Company (AzMC) has completed the bankable feasibility study (BFS) for its planned 2 mln tons per year hot briquetted iron (HBI) project in the Shamkir region, marking a key milestone in the development…
Turkish steel producer Kardemir has reduced prices for billet and rebar in its latest domestic sales round. The company offered S235JR-grade billet at USD 525 per ton EXW, down USD 5 per ton from the previous sales…
Sulb Saudi has achieved a new monthly production record at its light and medium sections rolling mill in Jubail, producing 42,713 tons in May 2026 and surpassing the previous record of 42,680 tons set in March 2023. The…
Iron ore futures rebounded on Wednesday, supported by positive Chinese economic data, although concerns over the demand outlook continued to limit gains. The market also drew support from a month-on-month increase in…
Tenaris has manufactured its longest and heaviest heat-treated 2-5/8-inch OD BlueCoil coiled tubing string to date, delivering an 88-ton string to oilfield services company CUDD Pressure Control for use in…
The US Department of Commerce has preliminarily determined that certain UAE producers and exporters of circular welded carbon-quality steel pipe (CWP) sold products in the US market at less than fair value during the…
UAE's EMSTEEL Group continues to expand the adoption of its high-strength ES600 rebar across major construction projects in the country, supplying a combined 41,500 tons to developments in Dubai and Abu Dhabi. In…
Turkey's HRC imports increased by 6.5pct YoY to 1.14 mln tons during the first four months of 2026, according to data from the Turkish Statistical Institute (TUIK). Russia remained the largest supplier during the period…
Iron ore futures extended their losses on Tuesday as weak steel demand and ample supply continued to weigh on market sentiment. The key steelmaking raw material remains under pressure from rising global supply and high…
China's steel exports declined by 8.1pct YoY to 44.55 mln tons during the first five months of 2026, according to data released by the General Administration of Customs. In May, steel exports totaled 10.34 mln tons…
Vallourec has signed a memorandum of understanding (MoU) with India's Ultra Corpotech Pvt Ltd to establish certified local production of VAM premium threaded tubular solutions for the oilfield services sector in India…
Chinese exports of steel billets to GCC countries increased during the first four months of 2026, supported by stronger demand from regional buyers, customs data showed. Based on exports under HS Codes 72071100 and…
Egyptian Prime Minister Mostafa Madbouly inaugurated the first phase of the El-Gharably Industrial Complex for integrated engineering and steel structures in New Borg El-Arab City, Alexandria. The complex covers an area…
Iron ore futures moved lower on Monday as concerns over slowing steel demand and high supply levels continued to weigh on market sentiment. Analysts noted that port-side trading activity has slowed, while iron ore…
Angang Guangzhou Automotive Steel has successfully produced the first coil at its new hot-dip galvanizing line (CGL No. 2), supplied by SMS group, achieving the milestone 40 days ahead of schedule. The project marks the…
India remained a net importer of finished steel during the first two months of fiscal year 2026/27, with imports rising faster than exports, according to provisional data from the Joint Plant Committee (JPC). Finished…
A fire at Tata Steel's Port Talbot steelworks in Wales has damaged a pickle line and disrupted downstream operations, prompting the company to activate contingency measures to maintain customer supply. The fire broke…
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