Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Egypt-based Suez Steel has obtained certification from TUV Rheinland for the production and marketing of railway rails, marking a first for the country's steel sector. The certification covers EC verification…
Pakistan's Mughal Iron & Steel Industries Limited, through its subsidiary Mughal Energy Limited, has initiated turbine rolling at its hybrid power plant, marking the start of phased power generation and system testing…
Iron ore futures declined on Tuesday, pressured by rising supply, although near-term demand helped limit losses. Market sentiment weakened after reports that China Mineral Resources Group (CMRG) has cleared the sale of…
Tanzania-based Lodhia Industries has signed a contract with Danieli Centro Combustion India for the supply of a 50 tph pusher-type reheating furnace for its new bar and wire rod rolling mill complex. The project forms…
Spain-based Tubos Reunidos S.A. warned that its operations may face insolvency risk unless it secures financing and restructuring measures, according to a filing with the National Securities Market Commission. The…
Iran has suspended exports of steel slabs and flat products until May 30, 2026, according to an official directive issued by the Trade Promotion Organization of Iran (TPO). The directive mandates an immediate halt to…
Turkey's crude steel production increased by 5.3pct YoY to 9.74 mln tons in the first quarter of 2026, according to data from the Turkish Steel Producers' Association. Billet output declined by 1.6pct YoY to 5.74 mln…
Abu Dhabi-based Arabian Gulf Steel Industries LLC (AGSI) has signed a memorandum of understanding with real estate developer Fakhruddin Properties to support the use of low-carbon steel in upcoming developments. Under…
Jordan-based Arabian Steel Pipes Manufacturing Company reported higher net profit for the three months ended 31 March 2026, despite a decline in revenue, according to its unaudited financial statement. Revenue fell by…
Iron ore futures were largely unchanged on Monday, as the market looked for clearer direction. Rising supply continued to weigh on prices, although pre-holiday restocking provided some support. Shipments to China from…
ArcelorMittal Industeel has inaugurated a new vertical continuous casting installation at its Le Creusot site in France, representing a total investment of EUR 52 mln (USD 61 mln), including EUR 12 mln (USD 17.6 mln) in…
Russia's Magnitogorsk Iron and Steel Works (MMK) has started production of a new type of rolled steel designed for use in extremely low-temperature environments, expanding its MAGSTRONG range of high-strength and…
Turkey's scrap import prices increased this week, supported by reports of a limited number of deals at higher price levels. HMS 1&2 (80:20) import prices were assessed at USD 405 per ton CFR, up USD 5 per ton…
Jindal Pelletizing LLC (JPL), a subsidiary of Jindal Steel Oman, has commenced pellet shipments to customers across the GCC, marking its entry into the regional export market. The company said the first dispatch…
Pakistan's leading pipe manufacturer International Industries Limited (IIL) reported a sharp increase in earnings for the first half of FY26 ended December 31, 2025. The company's net profit rose to PKR 2.58 bln (USD…
Iron ore futures inched higher on Friday, supported by a firm near-term demand outlook, although rising supply concerns limited further gains. Chinese steel mills continued restocking iron ore ahead of the May holiday…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products, marking its fourth hike since early April amid ongoing cost pressures linked to Middle East disruptions. Rebar…
Turkish steelmaker Kardemir opened a new billet sales round on April 22, 2026, and closed it shortly after securing a sizable volume of orders from the domestic market. The company offered S235JR-grade billet at USD 535…
EMSTEEL Group has maintained price stability to support market resilience and ensure continuity of supply across key steel and building materials products. The move underscores the company's focus on stable domestic…
Turkey's Tosyali Holding is advancing its global expansion strategy, including plans to begin production of automotive-grade steel at its Algerian facility in the third quarter of 2026 as part of a USD 2.5 bln…
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