Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Egypt's Iron & Steel for Mines & Quarries (ISMQ) posted a sharp rise in earnings for the first quarter of FY26, driven by higher revenues. The company's net profit surged to EGP 80.49 mln (USD 1.69 mln), up from EGP…
Iron ore futures climbed on Monday as easing trade tensions between Washington and Beijing boosted market sentiment, though demand concerns continued to weigh on the outlook. Iron ore futures gained after reports…
China's Henan Jiyuan Iron and Steel (Group) Co., Ltd has awarded SMS Concast a contract to modernize its eight-strand continuous caster (CCM#2) at the Jiyuan No. 2 plant. The upgrade aims to boost product quality…
Steel Authority of India Ltd. (SAIL) has awarded Metso a contract to supply the third iron ore sintering plant at its IISCO Steel Plant (ISP) in Asansol, West Bengal. Metso's scope includes engineering, equipment…
Tenaris has secured a major contract to supply casing, tubing, and line pipe for the Trion deepwater oil project in the Perdido Fold Belt, around 180 km off Mexico's coast. The company will also provide coatings for…
Turkey's imported scrap prices remained largely stable this week at USD 345-355 per ton CFR, as buying activity slowed due to weak finished steel demand and increased interest in lower-priced billets, particularly from…
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for November production. The company's rebar (12-32 mm) prices have been increased by SAR 25 (USD 7) to SAR 2,080 (USD 555) per ton, while…
Erdemir Group, one of Turkey's leading steel producers, reported a steep decline in profitability for the first nine months of 2025, according to its latest financial results. Net profit fell to TRY 2.51 bln (USD 60…
Turkish special steel producer Cemtas Celik will temporarily suspend production at its melt shop and rolling mill for scheduled maintenance, the company said in a stock exchange filing. The maintenance shutdown will…
Group Five Pipe Saudi Co. has approved an expansion plan to boost its spiral pipe production capacity, the company announced in a stock exchange filing. The project involves adding a new production line with an annual…
Iron ore futures declined on Friday as persistent demand concerns and shrinking steel mill margins weighed on market sentiment. Market participants reported reduced steel production levels as Chinese mills faced tighter…
Abul Khair Steel Limited (BWRM), part of the Abul Khair Group, has commenced production at its new high-capacity rolling mill in Sitakunda, Chattogram. Built by SMS group, the mill is designed to produce 1.6 mln tons of…
Sovel, part of the Sidenor Group, has ordered a new 8-ton Danieli's K-Spool line for installation at its Almyros micromill in Greece. This marks the first K-Spool of its kind in the Greek and Balkan region and the third…
UAE's downstream reinforcement steel manufacturer, Al Gurg Building Services has positioned itself at the forefront of promoting certified and traceable reinforcement steel products. In December last year, the company…
Vale's iron ore pellet production in Oman rose 8.4pct YoY in Q3 2025 to 2.52 mln tons and increased 45pct compared with the previous quarter. However, in the first nine months of 2025, Vale Oman's output fell 4.2pct YoY…
Aqaba Special Economic Zone Authority (ASEZA) Chairman Shadi Majali met with a South Korean investment delegation to discuss plans for establishing a steel pipe production facility in the zone, according to the Jordan…
Iron ore futures extended gains on Thursday, supported by optimism that Beijing may introduce new economic stimulus measures during an ongoing policy meeting this week. The four-day meeting of the Communist Party's…
India's Shyam Metalics and Energy Ltd (SMEL) has started operations at its greenfield cold rolling mill in Jamuria, West Bengal, marking a major milestone in the company's expansion drive. The project was developed…
Electra, a clean iron technology company, has announced the site of its new 130,000-square-foot demonstration facility in Jefferson County, Colorado. Scheduled to begin operations in mid-2026, the plant will produce up…
Henan Fengbao Special Steel Co., Ltd. has awarded Danieli a contract to supply a new three-strand continuous casting machine for high-alloy round billets at its facility in Henan province, China. The caster will produce…
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