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Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.

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3,613 news items in Products. Show all

Champion Iron to acquire Norway's Rana Gruber

Canada Canada

Champion Iron Limited announced it has entered into a transaction agreement with Rana Gruber ASA under a conditional recommended voluntary cash tender offer to acquire all outstanding shares of Rana Gruber. The offer…

Scrap imports up 17pct in Jan-Nov 2025 YoY

Pakistan Pakistan

Pakistan imported 335,526 tons of steel scrap in November 2025, up 15.6pct YoY from 290,294 tons in the same month last year, according to data from the Pakistan Bureau of Statistics (PBS). However, scrap imports…

Scrap import prices edge lower on slow steel demand

Turkey Turkey

Turkey's imported scrap prices eased slightly this week to USD 360-365 per ton CFR, down from USD 360-370 per ton CFR last week, as slowing finished steel demand kept mills cautious about booking scrap at higher levels…

Iron ore gains, but weak fundamentals cap upside

China China

Iron ore futures extended gains on Friday, supported by expectations of near-term restocking, although weak fundamentals continued to limit the upside. Some market participants expect Chinese steel mills to replenish…

Wire rod exports edge up in Jan-Oct 2025

Turkey Turkey

Turkey exported 768,400 tons of wire rod in the first ten months of 2025, posting a marginal 0.3pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Romania remained the largest…

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