Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Ajeej Steel Manufacturing Co. has renewed a SAR 50 million (USD 13.3 mln) Shariah-compliant banking facility with Bank Aljazira, its parent company National Building & Marketing Company announced in a stock exchange…
China's iron ore futures moved higher on Thursday, supported by pre-holiday restocking by steel mills, although weak mill profitability continued to limit the upside. Market insiders said mills are booking cargoes ahead…
GravitHy has awarded CAP INGELEC an EPC contract to design and build a 1.15 GW electrical substation for its planned low-carbon hot briquetted iron (HBI) production facility in Fos-sur-Mer, France. The substation will…
Alleima is testing AI and machine vision technology to improve quality control of long tubes at its Sandviken production facility in Sweden. Developed in collaboration with Prevas, the system captures images of the tube…
Kardemir has raised its rebar and wire rod prices in its latest price list, following the continued increase in Turkish scrap import prices. The company is offering 12-32 mm rebar at TRY 30,540 (USD 628) per ton EXW…
Isdemir is supplying HRC specifically developed for electrical steel production to Erdemir Romania, strengthening the integration of OYAK Mining Metallurgy's Turkish and European operations. The coils are used at the…
East Pipes Integrated Company for Industry has signed a contract with Saudi Arabian Oil Co. (Aramco) for the manufacturing and supply of steel pipes. The contract is valued at around SAR 20 mln (USD 5.33 mln), including…
UAE's EMSTEEL Group has supplied low-carbon steel sheet piles through its distributor, Sheet Piling (UK) Limited, for the Annan Harbour regeneration project in Dumfries and Galloway, Scotland. The sheet piles are being…
China's iron ore futures edged higher on Wednesday as improving market sentiment, expectations for steel production cuts and possible policy support offset continued concerns over weak steel demand and mill…
Asian HRC prices have remained generally firm since the beginning of September, supported by higher raw material costs, firmer domestic steel prices and expectations of improving demand, although buying sentiment…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, has raised its flat steel prices by JPY 3,000 (USD 19) per ton for October sales, while keeping long steel prices unchanged. The company's HRC prices…
U. S. Steel has received the final required air permit to proceed with construction of a new quench and tempering (Q&T) facility at its Fairfield Tubular Operations in Alabama. The USD 475 mln project will add in-house…
Flux Steel Works has unveiled plans to renovate and re-equip a former ATI steel plant in Ohio to produce grain-oriented electrical steel (GOES), the core material used in power transformers. The company acquired the…
Major Turkish long steel producer ICDAS has increased its long steel prices by USD 5 per ton this week, supported by higher scrap costs. ICDAS is offering rebar at USD 635 per ton EXW Biga, up USD 5 per ton from last…
Turkish HRC prices increased this week, as an upward trend in scrap prices and limited supply pushed local HRC producers to raise prices. Domestic HRC prices moved up to USD 625-635 per ton EXW, up USD 20-25 per ton…
Mughal Iron & Steel Industries Limited (Mughal Steel) reported a net profit of PKR 2.49 bln (USD 9 mln) for the financial year ended June 30, 2026, up 158 pct from PKR 965.5 mln a year earlier. Net sales declined 13 pct…
China's iron ore futures edged lower on Tuesday as weak steel demand, poor mill profitability and continued concerns over production cuts kept market sentiment under pressure. Market insiders said negative sentiment…
ArcelorMittal Nippon Steel India (AM/NS India) has launched AM/NS Pelican, a premium galvanized steel brand targeting growing demand from India's construction, infrastructure, manufacturing and engineering sectors. The…
The UK government has announced plans to work towards the public acquisition of Speciality Steel UK (SSUK), following its decision that the proposed sale to a preferred private-sector bidder would not provide sufficient…
GSM Tanzania Limited has awarded Danieli a contract to supply a new 300,000 tons per year rebar and wire rod mill at the Kilimanjaro Industrial Park in Tanzania. The mill will process 150x150-mm billets at a production…
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