Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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India-based steel tube producer APL Apollo Tubes Limited reported its highest-ever quarterly sales volume in Q3FY26. Sales volumes reached 916,976 tons during the quarter, up from 855,037 tons in Q2FY26 and 828,200 tons…
ArcelorMittal Hunedoara has signed an agreement to sell its assets to UMB Steel, part of Romania's UMB civil engineering group, for EUR 12.5 mln (USD 14.65 mln), the company said in a filing to the Bucharest Stock…
Chinese HRC prices remained under pressure in 2025, with UAE import patterns highlighting booking lags and global supply dynamics. Chinese HRC prices into the UAE on a CFR Jebel Ali basis, as assessed by MEsteel, moved…
Iron ore futures edged lower on Wednesday in the final morning session of 2025, with market sentiment weighed down by weak fundamentals. Rising global supply, elevated inventories at major Chinese ports, and subdued…
India has imposed a definitive safeguard duty for a period of three years on imports of non-alloy and alloy steel flat products, after concluding that a sudden, sharp and significant surge in imports caused serious…
Tenaris has introduced the Client Hub, a new online portal aimed at simplifying how customers access and manage the company's digital services. The platform brings together multiple tools into a single interface…
Turkish steel producer, Kardemir has announced its sales allocation plan for the first quarter of 2026, increasing billet volumes while reducing allocations for rebar, wire rod, and profiles compared with the previous…
Turkey's Ministry of Trade has decided to apply a uniform definitive anti-dumping duty of 3.95pct on imports of cold-rolled stainless steel flat products of Chinese origin, according to the final notification issued…
Watani Iron Steel Co. (Watani Steel) has renewed Sharia-compliant credit facilities worth SAR 70.5 mln (USD 18.8 mln) with Bank Albilad, according to a stock exchange filing. The renewed facilities will run from…
Iron ore futures declined on Tuesday as the market remained caught between weak current fundamentals and short-term optimistic expectations, keeping sentiment mixed. Market participants said shipments from major miners…
Restrictions on imports of low ash metallurgical coke, a critical input accounting for 35-40pct of steel production costs, are pushing up steel prices in India, according to a report by the Global Trade Research…
Thyssenkrupp Steel has signed a long-term supply agreement with ferrous and non-ferrous metal recycler TSR Group for the delivery of TSR40, an innovative recycled raw material. TSR40 is produced exclusively from…
Saudi Iron and Steel Company (Hadeed) has increased its rebar prices for January production while leaving wire rod prices unchanged, the company said. The company's rebar prices for sizes 12-32 mm were raised by SAR 70…
The Federal Board of Revenue (FBR) has notified minimum values for the payment of sales tax on selected locally produced and supplied long steel products, under S.R.O. 2402(I)/2025 dated December 10, 2025. Under the new…
Iron ore futures surged on Monday, driven by improved sentiment after Beijing signaled a more proactive fiscal policy stance for 2026. China will adopt a more expansionary fiscal approach next year, increasing spending…
Jindal Steel Ltd. plans to double its structural steel manufacturing capacity at the Raigarh facility to 2.4 mln tons per year by mid-2028, up from the current 1.2 mln tons, according to a stock exchange filing. The…
Sidersa has placed an order with Danieli for a MIDA QLP-DUE green steel minimill to be built in San Nicolas de los Arroyos, Buenos Aires, marking the first endless casting and rolling facility in Latin America. The…
Grangex AB has entered into a strategic commercial agreement with Anglo American, supporting Grangex's plans to restart operations at the Sydvaranger iron ore mine in Kirkenes, northern Norway. Under its strategy…
Turkey's imported scrap prices edged higher this week, with assessments at USD 360-370 per ton CFR, compared with USD 360-365 per ton last week. Market sources said the higher end of the range reflects a reported…
Turkey's crude steel production rose 10pct YoY to 3.31 mln tons in November 2025, according to data from the Turkish Steel Producers' Association (TCUD). Billet production increased 9.4pct to 2.09 mln tons, while slab…
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