Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Posco and Hanwha Ocean have signed an MOU in Seoul to jointly develop ultra-high strength, giga-class, steel for next-generation naval ships. The collaboration covers six areas, including steel materials, welding…
Vallourec, a global leader in premium seamless tubular solutions, has received a new order from Petrobras for more than 30 units of its Submagnetico Free Flow Oil Country Tubular Goods (OCTG). The equipment will be…
The Saudi Iron and Steel Company (Hadeed) has lowered long steel prices by SAR 75 (USD 20) per ton for October production. Under the new pricing, rebar (12-32 mm) is set at SAR 2,055 (USD 548) per ton, while wire rod…
Egypt's Trade Remedies Sector at the Ministry of Investment and Foreign Trade has held a public hearing for stakeholders as part of its investigation into safeguard measures on hot-rolled steel flat imports. The session…
Agha Steel Industries' Board of Directors has approved the restructuring of finance facilities worth PKR 23.2 bln (USD 82 mln) with banks and financial institutions. The plan, developed in consultation with lenders…
India's state-owned NMDC Ltd produced 3.75 mln tons of iron ore in September 2025, up 23.4pct YoY from 3.04 mln tons a year earlier. Sales also rose 9.6pct to 3.88 mln tons. In the first half of FY26 (April-September)…
Hoa Phat Dung Quat Steel, a subsidiary of Hoa Phat Group, has completed a major capacity expansion at its Dung Quat 2 facility in Quang Ngai Province, Vietnam. Working with SMS group, the company installed and…
South Korea's Hyundai Steel and Dongkuk Steel have formally asked the government to extend anti-dumping duties on Chinese H-beams, local media reported. The companies filed an application with the Trade Commission under…
Outokumpu has advanced plans for a restructuring program aimed at achieving EUR 100 mln (USD 117 mln) in structural cost savings by the end of 2027, following its earlier announcement in July. The program will primarily…
Egypt's Ministry of Industry has announced a package of incentives to attract investment in cold-rolled, galvanized, and color-coated steel production. The measures aim to strengthen the country's industrial base…
Iron ore futures declined on Tuesday as disappointing manufacturing data weighed on sentiment. China's manufacturing PMI edged up to 49.8 in September from the previous month but remained in contraction for the sixth…
Chinese steelmaker Shanxi Jingang New Materials Technology has contracted Primetals Technologies to supply a new thin-slab casting and rolling plant using Arvedi ESP (Endless Strip Production) technology at its Jincheng…
Nippon Steel Corporation has signed a master agreement with Champion Iron Limited (CI) and Sojitz Corporation to acquire a stake in the Kamistiatusset Iron Ore Project (Kami Project) in Newfoundland and Labrador…
Saudi Arabia's East Pipes Integrated Company for Industry has issued a SAR 173.2 mln (USD 46.1m) related-party purchase order to Welspun Corp Limited (WCL) for the supply of steel pipes, the company said in a stock…
Perma-Pipe International Holdings, Inc. announced that its Saudi Arabian unit has received formal technical and commercial approval from Saudi Aramco, the world's largest oil company. The company said this milestone…
Saudi-based Naqi Water, a producer and bottler of purified drinking water, has signed a SAR 4.2 mln (USD 1.2m) contract with Middle East Factory for Machines Co. (MEMCO) to supply and install a stainless-steel…
Pakistani rebar producer Dost Steels Limited (DSL) has signed a settlement agreement with its syndicate of banks to resolve outstanding liabilities of PKR 2.08 bln (USD 7.34 mln), paving the way for financial and…
Iron ore futures fell on Monday as demand concerns deepened ahead of China's October holidays. Iron ore consumption has slowed as mills completed restocking before the October 1-8 break, reflected in rising inventories…
The European Commission (EC) has imposed definitive anti-dumping duties on imports of certain hot-rolled flat products of iron, non-alloy, or other-alloy steel from Egypt, Japan, and Vietnam. The measures effective for…
Turkey's scrap import prices moved up this week, supported by higher freight and collection costs. Prices were assessed at USD 335-340 per ton CFR, compared with USD 330-335 per ton CFR last week. Turkish steel mills…
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