Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The MENA region produced 62.51 mln tons of direct reduced iron (DRI) in 2024, up 2.66pct YoY, according to Midrex. The region represented 44pct of global DRI output. Iran led MENA production with 34.15 mln tons…
Iron ore futures fell on Tuesday as persistent demand concerns weighed on sentiment. Weak seasonal demand, due to heavy rains and hot weather, pushed up finished steel inventories at major warehouses, raising fears of…
China has sharply increased semi-finished steel exports this year, with shipments soaring 320pct YoY to 7.4 mln tons in the first seven months of 2025, according to Chinese customs data cited by Bloomberg. July alone…
Ukraine-based Interpipe has delivered nearly 250 tons of steel pipes to a Spanish customer for the construction of a new offshore wind farm in the English Channel, near Le Treport and Dieppe, France. The pipes, ranging…
Riyadh Steel, a Saudi Arabian long steel producer, reported a 3.2pct YoY decline in net profit for the first half of 2025, according to a stock exchange filing. Net profit slipped to SAR 2.45 mln (USD 0.65m) from SAR…
EMSTEEL, one of the region's largest publicly listed steel and building materials producers, has delivered hydrogen-based rebar for the construction of Abu Dhabi's first net-zero carbon mosque in Sustainable City, Yas…
Iron ore futures jumped on Monday after Rio Tinto suspended work at its Simandou project in Guinea following a fatal incident involving a contractor employee, raising concerns of delays to the mine's production start…
Baosteel has completed a major gearbox overhaul on its 2050-millimeter hot strip mill in Shanghai with support from SMS group, marking a key milestone in its 2025 maintenance program. The work, carried out during the…
Turkey's scrap import prices held steady this week at USD 345-347 per ton CFR, as local steel mills remained cautious with purchases amid sluggish finished steel sales. Scrap suppliers resisted cutting prices, pointing…
Turkish pipe producer Erciyas Celik Boru slipped into the red in the first half of 2025, posting a net loss of TRY 93.1 mln, compared with a profit of TRY 30.6 mln in the same period last year, the company said in a…
Pakistan's leading pipe manufacturer International Industries Limited (IIL) reported a steep decline in earnings for the fiscal year ended June 30, 2025. Net profit fell nearly 59pct YoY to PKR 1.58 bln (USD 5.5 mln)…
Iron ore futures retreated on Friday as concerns over weakening steel demand weighed on sentiment. Despite strong margins keeping Chinese steel mills running at high output levels, demand has softened in recent weeks…
Chinese steelmaker Shandong Zhongxin has placed an order with Primetals Technologies for a coupled pickling line and tandem cold mill (PLTCM) at its Lin Yi plant in Shandong province. The new line, scheduled to start up…
ArcelorMittal Calvert has awarded SMS group a contract to modernize its 2,050 mm hot strip mill (HSM) in Calvert, Alabama, originally supplied by SMS in 2010. The upgrade aims to enable production of advanced steel…
Mexican steelmaker Tyasa has ordered a new bar finishing line from Danieli Centro Maskin, featuring a patented 60-ton pinion/rack drawing bench for its Veracruz plant. The line will process bars ranging from 18 to 65 mm…
British Steel has supplied 71 ton of 56E1 profile rail to the Rother Valley Railway, a heritage initiative aimed at reconnecting the missing rail link between Bodiam and Robertsbridge in East Sussex. Delivery was made…
Emirates Steel, a subsidiary of EMSTEEL Group, has raised rebar prices for its September output. The company has raised rebar prices by AED 110 (USD 30) per ton, setting the new level at AED 2,590 (USD 705) per ton on…
The Saudi Iron and Steel Company (Hadeed) has left its long steel prices unchanged for September production. The company's rebar (12-32 mm) remains at SAR 2,130 (USD 566) per ton, while its wire rod (6.5-16 mm) stays at…
Turkish steelmaker Kardemir has awarded Sinosteel Equipment a contract to build a 2x30 t/h coal injection plant under the EPS model. The project will include a dry coal shed, pulverizing system, and injection system…
Iron ore futures recovered on Thursday as concerns over steel production curbs eased, though demand worries lingered. Chinese authorities have instructed several mills in Tangshan to cut sintering output between August…
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