Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for February sales. Rebar prices for 12-32 mm sizes were raised by SAR 70 (USD 19) to SAR 2,260 (USD 603) per ton, while wire rod…
Mughal Iron & Steel Industries Limited (Mughal Steel) has retained its long-term 'A+' and short-term 'A1' entity ratings, with a stable outlook, according to VIS Credit Rating Company. VIS cited Mughal Steel's strong…
Iron ore futures remained subdued on Monday as oversupply pressure continued to weigh on market sentiment. Rising global supply, together with high iron ore inventories at major Chinese ports, kept the market under…
Interpipe Steel has commissioned Danieli to supply a new 310-mm round section for its continuous casting machine #2 (CCM #2) at the company's EAF-based greenfield steelmaking complex. The upgrade will extend CCM #2's…
Tajikistan's pipe manufacturing firm, Sughd Metal plant has reached and exceeded its designed production capacity, supported by advanced OTO tube mill technology supplied by Fives, positioning the facility as a…
Turkey's imported scrap market remained firm but largely sideways this week, with prices assessed unchanged at USD 370-375 per ton CFR, as tight supply conditions offset cautious buying by Turkish steel mills. Scrap…
Emirates Steel, a subsidiary of EMSTEEL Group, has kept its rebar prices unchanged for February production. The company maintained its rebar price at AED 2,648 (USD 721) per ton EXW, excluding 5pct VAT. Headquartered in…
The U.S. Department of Commerce has decided to impose a 29.51pct countervailing duty (CVD) on imports of steel reinforcing bars (rebar) from Egypt, citing preliminary findings that Egyptian producers and exporters…
India's Jai Dadi Group plans to invest USD 16 mln to develop a ferro-alloys project in East Ismailia, Sinai, within the Suez Canal Economic Zone (SCZONE), the authority said. The investment agreement for the Nile Ferro…
Iron ore futures rose on Friday, supported by pre-holiday restocking by Chinese steel mills, although concerns over rising supply are expected to limit further upside. Steelmakers increased inquiries and procurement…
Cogne Group has signed a contract with Danieli Breda for the supply of a 70-MN forging line to be installed at Special Melted Products (SMP)'s facility in Sheffield. The project, named "Vulcan", includes a 70-MN…
Chinese-origin HR steel imports into the UAE declined in 2025, with shipments totaling 2.52 mln tons, down 16.6pct YoY from 3.03 mln tons in 2024, according to customs data. The decline coincided with generally softer…
UAE's EMSTEEL has supplied steel sheet piles for the redevelopment of Pendleton House in Salford, UK, a listed landmark being transformed into 88 affordable homes, in partnership with Sheet Piling (UK) Limited. The…
Turkey's crude steel production reached 38.1 mln tons in 2025, up 3.3pct YoY, according to data from the Turkish Steel Producers' Association (TCUD). Billet production increased 6.1pct to 24.2 mln tons, while slab…
East Pipes Integrated Company for Industry has signed a SAR 60 mln (USD 16 mln) contract with AliShar Contracting, according to a filing with the Saudi Exchange. The six-month contract covers coating application…
Iron ore futures inched higher on Thursday, supported by China's latest fiscal stimulus measures, although gains remained limited amid continued concerns over rising supply. Iron ore futures found some support after…
Lodhia Industries has signed a contract with Danieli for the supply of a state-of-the-art bar and wire-rod rolling mill complex in Tanzania, marking a major investment to expand steelmaking capacity in East Africa. The…
ArcelorMittal has increased its HRC offers for the EU market for April delivery to EUR 700 (USD 819) per ton delivered, up EUR 30-40 (USD 35-47) per ton from prices announced last month. The company's CRC offers were…
Stegra has signed a letter of intent with Galmed Steel under which Galmed will galvanize green steel produced at Stegra's Boden plant to serve parts of Stegra's automotive customer base. Galmed Steel, based in Sagunto…
Turkey's leading steel producer Kardemir has lowered prices for steel sections, according to its latest price list. Prices for IPE-NPU sections in sizes 180-550 mm were reduced by USD 10-15 per ton to USD 665-750 per…
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