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Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.

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Scrap import prices ease amid weak steel demand

Turkey Turkey

Turkey's scrap import prices fell to USD 337-345 per ton CFR, down from USD 345-347 per ton CFR last week, as sporadic EU-origin deals widened the price range. Turkish steel mills kept buying activity limited due to…

Global stainless steel output rises in Q2 2025

Global

Global stainless steel production reached 16.36 mln tons in Q2 2025, up 3.1pct YoY and 5pct quarter-on-quarter, according to the World Stainless Association (Worldstainless). China remained the dominant producer, with…

Welded pipe exports fall in H1

Turkey Turkey

Turkey exported 978,600 tons of welded steel pipes in the first half of 2025, down 6pct YoY, according to Turkish Statistical Institute (TUIK) data. Romania was the top destination with 195,000 tons, followed by the UK…

Iron ore gains as Beijing mulls steel cuts

China China

Iron ore futures surged on Thursday, supported by reports that Chinese authorities plan to cut steel production to reduce excess supply. Beijing aims to curb crude steel output between 2025 and 2026 amid persistent…

Kardemir lowers rebar prices in latest sales round

Turkey Turkey

Turkish steelmaker Kardemir has launched a new rebar sales round with updated prices. The company set its rebar price at TRY 22,455 per ton (USD 547), down from TRY 22,625 per ton (USD 556) in the previous round on…

Iron ore futures decline on weak steel demand

China China

Iron ore futures extended losses on Wednesday as the market grappled with oversupply worries and weakening steel demand in China. Blast furnace mills have kept production strong in recent weeks, supported by healthy…

Stegra advances green hydrogen plant construction

Sweden Sweden

Stegra is making rapid progress on its green hydrogen facilities, with four central electrolyzer buildings nearing completion and process equipment installation underway. The company noted that the construction team is…

Scrap imports climb 14pct in July 2025 YoY

Pakistan Pakistan

Pakistan's steel scrap imports rose nearly 14pct YoY in July 2025, reaching 311,888 tons compared with 273,994 tons a year earlier, according to Pakistan Bureau of Statistics (PBS) data. On a month-on-month basis…

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