Agha Steel narrows loss in FY2026
Pakistan's Agha Steel Industries reported a loss after taxation of PKR 4.74 bln (USD 17.1 mln) for the financial year ended June 30, 2026, compared with a loss of PKR 7.21 bln (USD 25.9 mln) a year earlier. The…
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Pakistan's Agha Steel Industries reported a loss after taxation of PKR 4.74 bln (USD 17.1 mln) for the financial year ended June 30, 2026, compared with a loss of PKR 7.21 bln (USD 25.9 mln) a year earlier. The…
China's iron ore futures were largely unchanged on Thursday as expectations of tighter Brazilian supply and high freight rates were offset by weakening steel demand and high iron ore inventories at Chinese ports. Market…
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Italian special steelmaker ABS Acciaierie Bertoli Safau, part of the Danieli Group, has opened a new service center in Varnamo, Sweden, strengthening its presence in the Nordic market. The facility covers a…
Egyptian rebar prices are set to rise in October, with local media and market sources reporting that Ezz Steel and other major producers plan to increase domestic prices from October 1, following several months of…
UAE steel exports to the US fell 38.3pct YoY to 129,626 tons in Jan-Jul 2026, with shipments dropping sharply from April as disruptions to Gulf shipping affected cargo movements and raised freight costs. UAE exports had…
Egyptian steel re-roller Metad Helwan for Metal Rolling plans to list a 15-30pct stake on the Egyptian Exchange (EGX) in the second half of 2027, with the company targeting proceeds of around EGP 1 bln (USD 19.45 mln)…
Chinese manufacturer Windus Enterprises Inc. has secured an order to supply super duplex stainless steel seamless pipes for the desalination and industrial water system supporting Saudi Aramco's Jafurah gas project in…
China's iron ore futures edged higher on Wednesday as concerns over Brazilian supply provided support, although weakening steel mill profitability and expectations of lower steel output limited the upside. Market…
UAE's Emirates Steel, part of EMSTEEL Group, has kept its rebar prices unchanged for October production, marking the third consecutive month of price rollover. The company maintained its price for 12-32 mm rebar at AED…
Chinese steel exports to GCC countries declined to approximately 817,300 tons in August 2026, down 7.6 pct YoY and 19.2 pct from July, as prolonged logistics disruptions continued to weigh on regional steel trade…
EMSTEEL has supplied low-carbon steel sheet piles for a UK highway expansion project, with more than 1,100 tons of its GreenSheetPile ESZ section sheet piles installed as permanent retaining walls. Sheet Piling (UK)…
China's iron ore futures declined on Tuesday as ample supply and rising port inventories weighed on sentiment, although pre-holiday restocking by steel mills and high freight costs continued to provide support. Chinese…
India's largest iron ore producer NMDC is targeting production of 60 mln tons this fiscal year to meet growing demand from domestic steelmakers, Chairman Amitava Mukherjee said. NMDC produced 53.15 mln tons of iron ore…
Huttenwerke Krupp Mannesmann (HKM) has permanently decommissioned Blast Furnace A at its Duisburg site after more than 53 years of operation, as part of Salzgitter AG's transition toward lower-carbon steel production…
B5Plus Group has selected Danieli to supply equipment for a new rebar and wire rod mill in Abidjan, Cote d'Ivoire (Ivory Coast), with production capacity of 50 tons per hour, or around 300,000 tons per year. The mill…
Severstal has completed development and started production of Forcera weather-resistant steel in thin-sheet form, targeting long-life protective structures for road and civil infrastructure. The first application is…
The UAE coated steel market remains firm, supported by good domestic demand, while logistics disruptions continue to affect material availability and local production. Major UAE coated steel producer Al Ghurair is…
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