Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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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…
El Marakby Steel, one of Egypt's leading steel producers, has reported its carbon emissions under the European Union's Carbon Border Adjustment Mechanism (CBAM) for the first and second quarters of 2025. The company…
EMSTEEL Group, one of the region's largest listed steel and building materials producers, has launched TrueGreen, a strategic sustainability identity that consolidates its decades of decarbonization initiatives under…
Beco Steel said it is in advanced discussions with an international client for an export order worth USD 22 mln for the coming financial year, according to a stock exchange filing. The company did not disclose the…
Iron ore futures fell on Friday as slowing demand ahead of China's October holidays weighed on sentiment. The market had been supported earlier in the week by pre-holiday restocking, but sources noted most mills have…
Voestalpine, together with Primetals Technologies and Rio Tinto, has started construction of an industrial-scale demonstration plant at its Linz site in Austria to advance hydrogen-based ironmaking technologies. The…
Corinth Pipeworks, in partnership with Survey Digital Photovoltaics and Sirec Energy, has electrified Greece's largest industrial rooftop photovoltaic (PV) system at its Thisvi plant. The 7.1 MW system, featuring 12,000…
Turkish steelmaker Kardemir has released its sales allocation plan for Q4 2025, adjusting its product mix by cutting billet allocations while increasing profile volumes, compared to the previous quarter. Rebar and wire…
Amreli Steels, one of Pakistan's leading steelmakers, reported a 37pct YoY reduction in losses for the fiscal year ending June 30, 2025. The company posted a net loss of PKR 3.81 bln (USD 13.45 mln), compared with PKR…
Iron ore futures rose slightly on Thursday, supported by restocking demand ahead of China's National Day holidays (October 1-8), though the longer-term outlook remains bearish. Chinese steel mills continue to replenish…
U.S. Steel's Board of Directors has approved the next phase of capital investments, reinforcing its strategic partnership with Nippon Steel. The collaboration has already delivered efficiency gains across U.S. Steel's…
Turkish steelmaker Kardemir has launched a new billet sales round, keeping prices unchanged from its September 3, 2025, announcement. The company is offering S235JR grade billets at USD 492 per ton EXW and B420 grade…
Turkey imported approximately 5.75 mln tons of iron ore in the first seven months of 2025, marking a 14pct decline compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK)…
The global steel sector is navigating a period of significant change, with tariff measures, market restrictions, and the introduction of the Carbon Border Adjustment Mechanism (CBAM) reshaping industry dynamics. For…
Iron ore futures were flat on Wednesday as an uncertain demand outlook weighed on sentiment. The market continues to draw some support from restocking ahead of China's October holidays and higher steel production in…
JISCO Hongxing Iron & Steel Co., Ltd. has successfully commissioned its new 4,200mm heavy plate mill, rolling the first plate on 28 August 2025. The project expands JISCO's production capacity beyond the limitations of…
Shougang Jingtang has awarded Fives a contract to supply a new vertical annealing furnace for its continuous galvanizing line No. 9, designed for automotive steel grades with an annual capacity of 450,000 tons. The…
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