Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Emirates Steel, a subsidiary of the EMSTEEL Group, has raised its rebar prices by AED 58 (USD 16) per ton for November production. The new price is set at AED 2,648 (USD 721) per ton, up from AED 2,590 (USD 705) in…
Turkish steel producer Kardemir has signed new rail supply agreements worth EUR 14.5 mln (USD 16.8 mln), including VAT, for domestic railway projects, the company said in a stock exchange filing. As Turkey's only rail…
Iron ore futures rose on Wednesday as markets drew optimism from key policy meetings in Beijing, though underlying demand fundamentals remained soft. China's Communist Party began a major gathering on Monday to outline…
India's largest iron ore producer and exporter, National Mineral Development Corporation (NMDC), has lowered prices for both iron ore lump and fines. According to a stock exchange filing, NMDC cut prices by INR 550 (USD…
Industeel Belgium, part of the ArcelorMittal Group, has commissioned SMS group to modernize its walking beam furnace at the Charleroi plate mill, aiming to cut fossil fuel consumption by around 25pct. Installed in 1969…
Turkey exported 1.3 mln tons of welded steel pipes in the first eight months of 2025, down 1.5pct YoY, according to data from the Turkish Statistical Institute (TUIK). Romania was the top destination with 212,000 tons…
Al Gharbia Pipe Company LLC has announced a major step toward transforming its pipe manufacturing operations into a fully digital, intelligent, and sustainable system. In collaboration with duTech, the company is…
Saudi Arabia's ongoing construction boom continues to drive strong demand for steel, positioning the sector as a key beneficiary of Vision 2030's infrastructure and industrial expansion agenda. At the 3rd Saudi…
Iron ore futures inched higher on Tuesday as markets awaited potential stimulus signals from the ongoing Communist Party Central Committee session, which runs through October 23. Investors are watching closely for…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, announced that it will keep all product prices unchanged for November sales under its latest monthly pricing policy. The company's prices for HRC…
Eurasian Resources Group (ERG) has signed a strategic agreement with a consortium of Primetals Technologies Ltd. and Midrex Technologies Inc. for detailed engineering, key equipment supply, and related services for its…
Mexican steelmaker Deacero has unveiled plans to build a steel recycling plant in Cajeme, Sonora, representing an estimated investment of USD 6.45 mln. The project aims to generate new jobs and stimulate local economic…
The UAE has initiated an antidumping investigation into imports of heavy steel sections from China, according to a notification issued by the Ministry of Foreign Trade. The probe follows a complaint filed by Emirates…
Algeria will begin production at iron ore processing plant at the Gara Djebilet iron ore mine, one of the world's largest deposits, by the end of April 2026, according to Belkacem Soltani, CEO of state-owned Sonarem…
Iron ore futures fell on Monday, pressured by disappointing Chinese economic indicators that reinforced bearish demand expectations. China's property sector, once the country's largest steel consumer, remains a major…
LKAB and Hitachi Energy have signed a Memorandum of Understanding (MoU) for a long-term collaboration to support LKAB's electrification and shift toward fossil-free production. As an initial step, Hitachi Energy will…
Turkey's imported scrap prices inched higher this week to USD 345-355 per ton CFR, compared with USD 345-350 per ton last week, as mills booked fresh cargoes at higher levels. However, market sentiment remained cautious…
Turkey imported 713,700 tons of CRC in the first eight months of 2025, marking a 42pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). South Korea was the largest supplier with 227,300…
Domestic steel demand is now projected to reach 24 mln tons by 2035, up from an earlier estimate of 17 mln tons, driven by renewable energy expansion, manufacturing growth, and national mega-projects, according to…
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Mughal Iron & Steel Industries Limited (Mughal Steel), citing the company's resilience despite ongoing challenges in the wider steel…
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