Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Pakistan's flat steel producers, International Steels Limited (ISL) and Aisha Steel, have increased domestic prices for cold-rolled and galvanized steel by PKR 5,000 (USD 18) per ton. Following the increase, ISL's 1 mm…
Iranian steel producers Mobarakeh Steel Company and Khuzestan Steel Company have been targeted in a second wave of U.S./Israel airstrikes, according to media reports, with the latest attacks hitting internal production…
Turkish coated steel exports to the UK face tighter quota limits following a review by the UK's Trade Remedies Authority (TRA). According to the notice, the TRA has recommended introducing a country-specific quota for…
Iron ore futures rose on Wednesday, supported by cautious optimism over demand recovery despite ongoing headwinds. A steady recovery in Chinese steel production continued to underpin iron ore consumption, while…
Baosteel has achieved key production and cost targets at its Fastarc Zerobucket electric arc furnace (EAF) in Shanghai, with monthly output exceeding 100,000 tons of liquid steel and operating cost reductions of around…
SAIL's Durgapur Steel Plant (DSP) has awarded SMS group a turnkey contract to modernize its two 6-strand billet casters in Durgapur, West Bengal, as part of efforts to enhance long product capacity and efficiency. The…
Mesabi Metallics, backed by India's Essar Group, has secured a USD 520 mln senior secured credit facility as it advances its iron ore project in Minnesota toward commercial operations later this year. The financing has…
UMB Steel will restart its Otelu Rosu plant in Romania with the development of a new meltshop, supported by technology supplier Sarralle, as part of a project focused on modern, energy-efficient steelmaking. The…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for April deliveries. Its rebar prices (12-32 mm) have been raised by SAR 100 (USD 27) to SAR 2,460 (USD 656) per…
Meranti Green Steel said its low-carbon iron project in Oman remains on track despite ongoing regional tensions, with no expected impact on delivery timelines. CEO Sebastian Langendorf said commissioning is planned for…
Iron ore prices declined on Tuesday as easing supply concerns weighed on market sentiment. Earlier support from potential disruptions at major Australian ports due to Tropical Cyclone Narelle faded, as the impact on…
Hyundai Steel has issued the final acceptance certificate to SMS group for the multi-phase upgrade of continuous galvanizing line #1 (CVGL#1) at its Dangjin plant in South Korea, marking the completion of a project…
Hoa Phat Dung Quat Steel Joint Stock Company, in partnership with Horus Power (HRP), has commenced phase 2 of its rooftop solar power project as part of efforts to increase clean energy use and reduce production costs…
Magnitogorsk Iron and Steel Works (MMK) has started production of high-strength rebar grades with guaranteed resistance to stress corrosion cracking, including A500SCK/A500SNK and A600SCK/A600SNK. The company has also…
Saudi Steel Pipe Co. (SSP) has secured a contract for the supply of oil and gas steel pipes to Saudi Aramco, according to a Tadawul statement. The 12-month contract is worth around approximately SAR 127 mln (USD 33.8…
Iron ore futures were largely steady on Monday, with improving demand providing support against downside pressure. Production at Chinese blast furnace mills continued to recover, underpinning iron ore consumption…
Tata Steel has partnered with Hindustan Zinc to integrate low-carbon zinc solutions into its steel production, as part of efforts to reduce emissions across the value chain. The collaboration will see the use of…
The European Commission has initiated a safeguard investigation into imports of grain-oriented electrical steel (GOES), citing mounting pressure on domestic producers from rising import volumes. The investigation covers…
Turkey's scrap import prices increased sharply this week, reaching around USD 390-400 per ton CFR, up from USD 375 per ton before the Eid holidays. The rise was driven by higher freight and energy costs linked to Middle…
Turkey's crude steel production increased by 4.7pct YoY to 6.41 mln tons in the first two months of 2026, according to data from the Turkish Steel Producers' Association (TCUD). Billet output edged down by 0.1pct to…
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