Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures fell again on Thursday as rising global supply and lower steel production continued to pressure the market and keep sentiment bearish. Vale cut its 2026 output forecast, citing softer global demand and…
JSW Steel Ltd. and Japan's JFE Steel have agreed to form a 50:50 joint venture, under which JFE Steel will invest INR 157.5 bln (USD 1.75 bln) to acquire and operate Bhushan Power & Steel Limited's (BPSL) integrated…
Fortescue has signed a technology development agreement with China's Taiyuan Iron and Steel (TISCO), a Baowu Steel subsidiary, to jointly explore next-generation low-carbon metallurgical processes aimed at accelerating…
The Saudi Iron and Steel Company (Hadeed) has increased long steel prices for December production. The company's rebar (12-32 mm) prices rose by SAR 40 (USD 10) to SAR 2,120 (USD 565) per ton, while wire rod (6.5-16 mm)…
Turkey's steel industry continues to demonstrate resilience despite market volatility, with exports and ongoing investments in efficiency, digitalization, and green transformation emerging as central pillars of…
Iron ore futures inched lower on Wednesday as weak fundamentals continued to weigh on sentiment, though losses were limited by expectations that upcoming government meetings may deliver supportive policy signals…
India's state-owned NMDC Ltd produced 5.01 mln tons of iron ore in November 2025, up 11pct from 4.51 mln tons a year earlier, according to a stock exchange filing. Monthly iron ore sales increased 4.25ct YoY to 4.1 mln…
ArcelorMittal Eisenhuttenstadt has issued a provisional acceptance certificate (PAC) to Primetals Technologies after completing a major modernization of its reversing cold mill in Eisenhuttenstadt, Germany. The…
Germany's largest steel producer, Thyssenkrupp Steel, has signed a collective restructuring agreement with the IG Metall union, effective until September 30, 2030. The agreement is based on an industrial plan presented…
Turkey's imported scrap prices edged higher this week, rising to USD 355-360 per ton CFR from around USD 355 last week, supported by a pickup in domestic rebar demand. Kardemir's strong rebar sales in its latest…
EMSTEEL's rebar mill in Abu Dhabi has successfully completed the replacement of its entire twin channel system, originally supplied by Danieli in 2006. Danieli Service executed the full upgrade after a joint assessment…
Misr National Steel (Ataqa) reported a net profit of EGP 78.98 mln (USD 1.65 mln) for Q3 2025, down from EGP 160.42 mln in the same quarter last year, according to its financial results. Despite the profit decline…
Saudi Arabia's National Building and Marketing Co. (NBM) announced that its subsidiary, Ajeej Steel Manufacturing Co., has renewed banking facilities worth SAR 127 mln (USD 34 mln) with Al Rajhi Bank, according to a…
Iron ore futures edged lower on Friday as market remained cautious amid an uncertain demand outlook. Rising inventories at major Chinese ports and increasing global supply continue to pressure prices, reflecting slower…
The Salzgitter Group and its subsidiary Ilsenburger Grobblech GmbH have received expanded approval for their SECURE 500 steel grade from Germany's Bundeswehr Technical Center (WTD 91) under the TL 2350-0000 technical…
Konepeikko Oy, a major Finnish recycling services provider, has installed a new state-of-the-art torch-cutting machine from Primetals Technologies at its facility near Ovako Imatra Oy Ab in Imatra, Finland. The…
Global stainless steel production reached 48 mln tons in January-September 2025, up 3pct YoY, according to the World Stainless Association (Worldstainless). Output in Q3 rose 2.3pct YoY to 16.1 mln tons. China remained…
Turkish steelmaker Kardemir has opened a new billet sales round, lifting prices by USD 15 per ton compared with its previous offers on November 5, 2025. The company is now offering S235JR billets at USD 515 per ton EXW…
Turkish pipe producer Erciyas Celik Boru has won the tender for a 42 km pipeline under Romania's "Conducta de transport gaze naturale DN 600 Mihai Bravu - Silistea" project, after submitting the most competitive offer…
Iron ore futures gained on Thursday, supported by moderate steel demand and higher production levels, though the broader outlook remains bearish. Market sources reported a decline in finished steel inventories this…
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