Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The U.S. Department of Commerce has issued a final affirmative determination that steel concrete reinforcing bar (rebar) from Algeria is being sold in the United States at less than fair value, according to a notice…
Egyptian rebar manufacturer, Misr National Steel (Ataqa) reported a 94.68pct YoY decline in net profit in 2025, according to its financial results filed with the Egyptian Exchange (EGX). The company posted a net profit…
Iron ore futures surged on Monday, supported by rising freight costs amid escalating tensions in the Middle East and expectations of improved steel demand. Oil prices spiked as the conflict intensified following…
India's largest iron ore producer, National Mineral Development Corporation (NMDC), has increased prices for both iron ore lump and fines by INR 50-100 (USD 0.5-1) per ton, effective 6 March, according to a stock…
Turkey's scrap import market remained stable this week, as the ongoing Middle East conflict kept market sentiment cautious. Turkey's scrap import prices were assessed unchanged at USD 370-375 per ton CFR. Market…
Meranti Green Steel has signed an agreement with a long-term strategic investor to support the development of its green iron project in Oman, bringing the project closer to a final investment decision (FID) targeted for…
Saudi Arabia's Watani Iron and Steel Co. (Watani Steel) reported a net loss of SAR 14.86 mln (USD 3.96 mln) in 2025, compared with a net profit of SAR 9.86 mln in the previous year, according to a filing on the Saudi…
Iron ore futures climbed on Friday, supported by expectations of improved demand following positive economic signals from China. Market sentiment strengthened as China's annual Two Sessions parliamentary meetings…
Corinth Pipeworks UK Ltd, a wholly owned subsidiary of Cenergy Holdings' Corinth Pipeworks S.A., has acquired the LSAW pipe facility in Hartlepool, UK, through an asset sale agreement with the joint administrators of…
Acerinox has partnered with Jeremias to introduce Blueline, the world's first low-emission chimney and exhaust duct line designed to reduce the carbon footprint of building systems. The new product range is manufactured…
Metalloinvest is expanding the production of steel grinding balls to develop a full product line for mining and processing companies. The company's A.A. Ugarov Oskol Electrometallurgical Plant (OEMK) currently operates…
Chinese steel section prices on a CFR Jebel Ali basis declined across the board in 2025, as rising protectionist barriers in several markets and weaker global steel demand diverted more Chinese material toward…
Turkish steel producer Habas has launched the environmental impact assessment (EIA) process for its steelmaking plant project after the application file submitted to Turkey's Ministry of Environment, Urbanization and…
Turkish steel producer, Kardemir Celik has secured support from the İzmir Development Agency (IZKA) under its "Industrial Green Transformation" programme, ranking first among selected companies. Under the programme, the…
India's Steel Authority of India Limited (SAIL) has selected Primetals Technologies to supply a new pelletizing plant, three 165-ton ladle furnaces and two 165-ton RH degassers for the expansion of its IISCO Steel Plant…
Iron ore futures posted gains on Thursday, supported by optimism following China's latest economic policy announcements. Market sentiment improved after Premier Li Qiang outlined economic priorities during the annual…
Swedish steel producer SSAB has introduced Hardox HiAce, a wear-resistant steel designed for applications exposed to both abrasion and corrosive environments, the company said. The new grade is engineered to address…
Turkey imported 1.7 mln tons of ferrous scrap in January 2026, down 13pct YoY, according to data from the Turkish Statistical Institute (TUIK). Imports also declined 2.3pct compared with the previous month. The United…
Turkish steel profile producer Kocaer Celik reported net profit of TRY 473.5 mln (USD 10.77 mln) in 2025, up sharply from TRY108.5 mln in 2024, according to the company's annual financial statement. Net sales, however…
Iron ore futures traded in a narrow range on Wednesday, edging slightly higher as expectations of potential stimulus from China offered support, though weak market fundamentals continued to limit gains. Market…
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