Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Outokumpu is advancing its EVOLVE strategy (2026-2030) with a USD 45 mln investment in a new pilot plant in New Hampshire, U.S., aimed at producing carbon-free materials such as chromium metal and enriched ferrochrome…
Saudi Steel Pipe Co. (SSP) reported a 7pct YoY decline in net profit for the first nine months of 2025, reaching SAR 198 mln (USD 53 mln), the company said in a stock exchange filing. The profit decline was primarily…
Saudi Arabia's Group Five Pipe Saudi Co. announced that it has mutually agreed with the Saline Water Conversion Corporation (SWCC) to reduce the total pipe supply for the Ras Al Khair Project by 39pct, according to a…
Qatar Steel announced that it has signed a Memorandum of Understanding (MoU) with the General Authority of Customs, aimed at establishing controls and procedures to regulate and restrict the export of steel scrap from…
Amreli Steels Limited has extended the suspension of operations at its Karachi S.I.T.E. rolling mill for another six months, citing ongoing operational and economic pressures in the steel sector. The company's board…
Iron ore futures edged higher on Thursday, supported by easing U.S.-China tensions, though profit-taking later trimmed early gains. The United States and China have agreed to a one-year trade truce following high-level…
Tata Steel plans to construct a new 1 mln tons per annum coke oven battery at its Jamshedpur plant as part of its ongoing modernization program to boost efficiency and sustainability in steelmaking. The company has…
Cleveland-Cliffs Inc. has successfully completed a production trial with a major automotive OEM, demonstrating that its exposed steel parts can be stamped without defects using existing aluminum-forming equipment…
Pacific Steel Group has selected Danieli to supply a cutting-edge ECO Primary Line for its upcoming Hybrid MiDa plant in California, aiming to create one of the most environmentally sustainable rebar manufacturing…
Saudi Arabia's Arabian Pipes Co. (APC) reported a 36.7pct YoY decline in net profit for the third quarter of 2025, citing weaker sales volumes, according to a stock exchange filing. Net profit fell to SAR 27.77 mln (USD…
Japanese shipping firm, Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company (PODC) have signed a memorandum of understanding (MoU) to strengthen collaboration on the development and connectivity of…
Iron ore futures continued to rise on Wednesday, supported by optimism over easing trade tensions between the United States and China, the world's two largest economies. Market sentiment strengthened ahead of a planned…
International Steels Limited (ISL), Pakistan's leading flat steel producer, reported strong financial results for the first quarter of FY26, ending September 30, 2025. The company's net profit surged to PKR 620.3 mln…
Pakistan imported 359,759 tons of steel scrap in September 2025, up 30pct YoY from 276,486 tons in the same month last year, according to data from the Pakistan Bureau of Statistics (PBS). Month-on-month, scrap imports…
Iron ore futures gained on Tuesday, supported by easing trade tensions between the U.S. and China and Beijing's new proposal to curb steel overcapacity, which lifted overall market sentiment. U.S. President Donald Trump…
Tenaris has won a contract from Petrobras to supply conductor and surface casing for the Pre-Salt and Equatorial Margin projects in offshore Brazil. The agreement, awarded through a global tender, will run from 2027 to…
Thyssenkrupp confirmed that a fire incident disrupted operations at its hot strip mill in the Bruckhausen area of its Duisburg steel site on October 24, 2025. The blaze has since been brought under control, with the…
Turkey's leading steel producer Kardemir has announced revised prices for its steel sections, according to its latest price list released last week. Prices for IPE-NPU sections (sizes 180-550 mm) remain unchanged at USD…
Turkey imported 1.49 mln tons of pig iron between January and August 2025, marking a 65pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Russia remained the leading supplier with 1.1 mln…
Pakistan's Agha Steel Industries Limited posted a net loss of PKR 1.16 bln (USD 4.1 mln) for Q1 FY26 ended September 30, 2025, an improvement from the PKR 1.81 bln loss a year earlier. Revenue fell 24pct YoY to PKR 2.16…
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