Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures edged lower on Friday, pressured by weak demand fundamentals that continue to weigh on market sentiment. Both raw material and steel futures struggled this week under multiple headwinds, including…
HBIS Tangsteel has commissioned the world's largest push-pull pickling line (PPPL) at its Laoting steel plant in Hebei province, with Primetals Technologies receiving the provisional acceptance certificate (PAC) for the…
JSW Steel Limited, one of India's largest steelmakers, reported a sharp rise in consolidated net profit to INR 1,646 crore (USD 186.9 mln) for the second quarter of FY26, compared with INR 404 crore in the same period…
Salzgitter Flachstahl GmbH has completed a major modernization of its seven-stand hot strip mill with SMS group, marking a key milestone in a long-standing partnership that dates back to 1963. The project, finalized in…
Turkey imported 2.9 mln tons of billets in the first eight months of 2025, a 58pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Malaysia was the largest supplier during the period…
Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayef, inaugurated the third Saudi International Iron and Steel Conference in Riyadh, held under the patronage of the ministry and organized by the…
Amreli Steels Limited announced that it has signed and executed the Master Restructuring Agreement (MRA) along with allied documents and agreements with a consortium of banks. Bank Alfalah Limited acted as the lead…
Iron ore futures fell again on Thursday as concerns over subdued demand continued to weigh on market sentiment. The commodity is under pressure from several headwinds, including renewed U.S.-China tensions and China's…
Taiwanese steelmaker China Steel Corporation (CSC) announced it will maintain prices across its full flat steel product range for November deliveries. The decision reflects stable global economic conditions alongside a…
North American Stainless (NAS), a leading producer of stainless steel and specialty alloys based in Ghent, Kentucky, has placed an order with Kocks for a reducing & sizing block 370++/6 in its latest 5.0 design. The…
Turkish steelmaker Kardemir has increased its billet prices by USD 8 per ton compared with levels announced on September 24. In its latest price list, the company is offering S235JR grade billets at USD 500 per ton EXW…
Oman-based Al Jazeera Steel Products Co. SAOG reported a 77pct YoY jump in net profit for the first nine months of 2025, according to its unaudited financial results. Net profit rose to OMR 6.48 mln (USD 16.8 mln)…
Turkish steel producer Kocaer Celik has received approval from the Science Based Targets initiative (SBTi) for both its near-term (2030) and long-term (2050) emission reduction goals, becoming the only Turkish steel…
Iron ore futures fell further on Wednesday, weighed down by concerns over weak demand and broader market headwinds. A key drag on sentiment is the escalating trade tension between the U.S. and China. Both countries have…
Jindal Stainless has renewed and expanded its partnership with Harsco Environmental through a 15-year, USD 150 mln agreement to process stainless steel slag at its Jajpur plant in Odisha. The deal includes a 10-year…
Tata Steel has introduced two major initiatives in Assam, unveiling India's first Mobile Bore Pile Cage Machine and opening a fully automated Construction Service Centre in Guwahati. The moves are aimed at improving…
Metalloinvest's OEMK has completed a scheduled overhaul of two metallization units at its pelletizing and metallization facility. The work at shaft furnaces No. 3 and No. 4 involved replacing and restoring key…
Pakistan's Beco Steel Limited has announced plans to diversify into rebar production, according to a filing with the stock exchange. The company will install a new furnace and a continuous casting mill, with the…
India's ACME Group, a leading renewable energy and green ammonia developer, is considering Oman as the site for a new low-carbon Direct Reduced Iron (DRI) project, with India's Odisha also under review. The proposed…
Iron ore futures retreated on Tuesday, reversing gains from the previous session when prices hit an eight-month high on supply concerns. The earlier rally was fueled by reports that China would impose new port fees on…
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