Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkish steelmaker Kardemir opened a new billet sales round on May 13 and closed it after securing significant order volumes from the domestic market. The company offered S235JR-grade billet at USD 530 per ton EXW, down…
Saudi Arabia-based Arabian Pipes Company (APC) signed a contract with Kuwait's KAC Trading Company for the manufacture and supply of OCTG casing pipes for Kuwait Oil Company (KOC). According to the company, the contract…
Pakistan's major pipe producer, International Industries Limited (IIL) announced plans to diversify into mining and exploration activities through a proposed joint venture focused primarily on projects in Balochistan…
Dalian iron ore futures closed largely unchanged on Thursday, as firm near-term steel demand offset pressure from high port-side iron ore inventories and concerns over slowing steel production growth in China. Investors…
Xiangtan Iron and Steel, part of China's Hunan Valin Group, selected Primetals Technologies to upgrade automation and thickness control systems at its heavy plate mill in Xiangtan, Hunan Province. The project is aimed…
Ilsenburger Grobblech GmbH, a subsidiary of Salzgitter AG, obtained additional certifications for its SECURE protection steel grades for military applications, expanding its approved product range for the defence…
ArcelorMittal awarded a consortium comprising Spain-based Tecnicas Reunidas and IDOM an EPCM contract for the development of new steelmaking facilities at its Dunkirk plant in France as part of the site's…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) increased domestic prices for its long steel products for May production, marking its second price revision this month. The company raised rebar (12-32 mm) prices by…
EMSTEEL reported improved profitability for the first quarter of 2026, supported by stronger operating performance in its steel business despite lower sales volumes. The group's revenue during the first three months of…
Turkish pipe producer Borusan Pipe returned to profitability in the first quarter of 2026, supported by stronger sales volumes and improved operational efficiency, according to its financial results. Net profit reached…
Turkey's HRC imports declined by 2.5pct YoY during the first quarter of 2026, according to data from the Turkish Statistical Institute (TUIK). The country's total HRC imports reached 806,500 tons in January-March 2026…
Iron ore futures increased on Wednesday, supported by cautious optimism over U.S.-China trade talks, although demand concerns persisted. Markets looked ahead to the high-level meeting between U.S. President Donald Trump…
Tenaris signed a memorandum of understanding (MoU) with Denmark-based Green Therma to cooperate on the development of next-generation closed-loop geothermal systems in Europe. Under the agreement, the companies will…
Jindal Steel Oman acquired Moon Iron & Steel Company (MISCO) in Sohar, according to sources familiar with the matter. MISCO suspended steel production activities in 2023 after facing operational and financial…
Metal Care Center Factory LLC commissioned a new scrap-based induction furnace rebar mill with annual production capacity of 300,000 tons at the UAQ Industrial Area in Umm Al Quwain, UAE. According to the company, the…
Saudi Arabia-based Watani Iron Steel Co. (Watani Steel) reported lower net profit for the first quarter of 2026, as lower steel selling prices continued to pressure profitability despite relatively stable sales revenue…
Iron ore futures declined on Tuesday amid concerns that growth in Chinese steel production may be peaking, while high port-side inventories and rising global iron ore supply also pressured market sentiment. According to…
HYUNDAI-POSCO Louisiana Steel LLC (HPLS) awarded SMS group a contract to supply rolling mills and related equipment for its new greenfield steel plant in Donaldsonville, Louisiana, USA. HPLS is a joint venture…
UAE's Arabian Gulf Steel Industries (AGSI) signed strategic agreements with R.Evolution and 9E Global Engineering Consultants aimed at supporting low-carbon steel solutions and sustainable construction practices across…
Libyan Iron and Steel Company (LISCO) announced the successful commissioning and performance testing of its cold rolling mill, implemented by Turkish engineering company Partner Teknik. According to LISCO, the project…
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