Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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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…
Pakistan's Economic Coordination Committee (ECC) approved the supply of up to 40 MMCFD natural gas to National Steel Complex Ltd (NSCL) for process requirements and captive power generation at applicable industrial…
Iron ore futures increased on Monday, supported by firm steel demand in China and positive economic data. Chinese steel production remained stable, while mill margins improved amid stronger domestic steel demand and…
China's finished steel exports declined by 9.7pct YoY to 34.2 mln tons during the first four months of 2026, according to data from the General Administration of Customs. In April alone, Chinese steel exports totaled…
Tenaris announced that it has entered into a definitive agreement to acquire 100pct of the share capital of Romania-based Artrom Steel Tubes S.A. from U.S.-based GLGH Steel LLC. The transaction value amounts to EUR 86…
SMS group GmbH and ABB AB Sweden entered into a partnership to jointly market and further develop FC Mold X, an electromagnetic flow-control system for thin and medium slab continuous casting. The system combines ABB's…
Turkey's import scrap prices remained stable this week, as firm supplier sentiment was offset by resistance from Turkish steel mills amid weak finished steel demand. HMS 1&2 (80:20) import prices were assessed at USD…
Ezz Flat Steel (EFS) awarded Danieli a contract for the modernization of the Quality Strip Production (QSP) casting and rolling complex at its Ain Sokhna facility in Egypt. The QSP complex, originally supplied by…
Saudi Steel Pipe Company (SSP), also known as TenarisSaudiSteelPipes, announced its financial results for the first quarter of 2026. The company's net sales revenue declined by 15.1pct YoY to SAR 385 mln (USD 102.6…
Al Gharbia Pipe Company (AGPC), a UAE-based producer of longitudinally submerged arc welded (LSAW) steel pipes, partnered with telecom and digital services provider du to deploy Industrial AI Vision technology across…
Iron ore futures edged lower on Friday as rising global supply and a slowing pace of restocking weighed on market sentiment. Higher iron ore shipments from major miners, coupled with high port inventories in China…
India's crude steel production increased by 5.8pct YoY to 14.09 mln tons in April 2026, supported by strong demand from the infrastructure, construction, and manufacturing sectors, local media reported citing data from…
Australia's Minister for Industry, Innovation and Science accepted the Anti-Dumping Commission's final recommendations to impose anti-dumping duties ranging from 38.1pct to 79pct on HRC imports from China, according to…
Turkish steel profile producer Kocaer Steel reported lower financial results for the first quarter of 2026, mainly due to weaker export sales and challenging global market conditions. According to the company's interim…
Global pipe producer Tenaris expects lower shipments in the Middle East during the second quarter of 2026 due to disruptions linked to the Iran war and the prolonged closure of the Strait of Hormuz, while the company…
Iron ore futures extended gains on Thursday, supported by firm near-term steel demand in China. Chinese steel mills continued to maintain production levels amid steady downstream steel demand in the domestic market…
Kardemir has reduced wire rod prices, according to its latest price list. The company is offering 5.5 mm SAE 1006 grade wire rod at USD 632 per ton EXW, while SAE 1008-1010 grades are priced at USD 622 per ton EXW. Both…
Turkey's steel exports decreased by 6.8pct YoY to 3.5 mln tons in the first quarter of 2026, while export revenues fell by 9.4pct to USD 2.3 bln, according to the Turkish Steel Producers' Association (TCUD). In March…
Turkey imported 4.7 mln tons of ferrous scrap in the first quarter of 2026, up 0.85pct YoY, according to the Turkish Statistical Institute. The United States remained the largest supplier, with shipments of 981,400…
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