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, snapping a recent upward trend as the market weighed the near-term outlook. Iron ore futures had risen in previous sessions on the back of improving steel production and firm…
Hoa Phat Group reported revenue of over VND 53.3 trillion (USD 2 bln) and net profit of VND 9.06 trillion (USD 344 mln) in the first quarter of 2026, up 40pct and 170pct YoY, respectively. Profit reached 41pct of the…
Hyundai-Posco Louisiana LLC has signed a long-term agreement with Air Liquide for the supply of oxygen, nitrogen and argon to its new low-carbon steel facility in Louisiana. To support the project, Air Liquide will…
Ferrexpo is pursuing a potential equity capital raise of at least USD 100 mln to support its working capital position, with the board stating this is currently the only viable funding option within the required…
Oskol Electrometallurgical Plant (OEMK), part of Metalloinvest, has completed the first stage of implementing industrial artificial intelligence (AI) to control its metallization unit. Metallization units are used to…
Crescent Steel and Allied Products Limited reported net income of PKR 770.9 mln (USD 2.76 mln) for the first nine months of FY26 ended March 31, 2026, compared with PKR 332.79 mln in the same period last year. Revenue…
Iron ore futures extended gains on Wednesday, supported by restocking demand ahead of the May holiday period. Chinese steel mills maintained firm production levels amid firm downstream demand, supporting near-term iron…
Saudi billet producer Al Qaryan Steel has obtained certification for its billets under the Emirates Conformity Assessment Scheme (ECAS) and the Emirates Quality Mark (EQM), issued by CARES. The certifications, valid…
UAE-based steel and building materials producer EMSTEEL Group has supplied around 1,100 tons of low-carbon Z-type sheet piles for a new distribution centre for Aldi in the UK. The material was delivered through Sheet…
Pakistan imported 208,764 tons of steel scrap in March 2026, down 29.7pct YoY from 296,929 tons in the same month last year, according to data from the Pakistan Bureau of Statistics (PBS). However, imports increased by…
Iron ore futures rose further on Tuesday, supported by steady near-term restocking and firm steel demand. Chinese steel production continued to improve on the back of healthy margins and stronger demand. Market…
Jindal Stainless has entered the retail segment with the launch of its stainless steel rebar under the brand name Jindal Infinity, expanding its presence beyond its traditional business-to-business operations. The move…
Vale reported a 4.8pct YoY decline in iron ore pellet production at its Oman operations in the first quarter of 2026, reflecting maintenance activity and disruptions linked to the ongoing Middle East conflict. Output at…
The National Tariff Commission (NTC) has decided to continue anti-dumping duties on imports of continuous casting steel billets from China into Pakistan, following the conclusion of a sunset review. The review…
Iron ore futures posted gains on Monday, supported by steady demand and higher costs linked to ongoing tensions in the Middle East. Chinese steel mills continued to replenish iron ore inventories amid improving steel…
Corinth Pipeworks and ArcelorMittal have expanded their collaboration with the use of XCarb recycled and renewably produced steel in pipe manufacturing, marking the first application of the material in Corinth…
Ukrainian steel producer Zaporizhstal has shipped over 28,000 tons of HRC since the start of 2026 to Metinvest Tubular lasi, part of Metinvest Group, the company said. The shipments come as the lasi pipe plant continues…
Turkey's scrap import prices remained largely unchanged this week, as weak finished steel demand continued to limit buying interest from mills. HMS 1&2 (80:20) import prices were assessed at USD 400 per ton CFR. Market…
Egypt's Ezz Steel has increased rebar prices in the domestic market, reflecting rising costs and policy-driven supply constraints. The company raised its rebar offer to EGP 39,850 (USD 769) per ton EXW, up from EGP…
Turkish steel producer Erdemir, a subsidiary of Oyak Mining and Metallurgy, has signed a contract with YDA Group, a Turkish conglomerate active in construction, healthcare PPPs, aviation and energy, to supply steel for…
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