Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Misr National Steel (Ataqa) posted a net profit of EGP 62.33 mln (USD 1.28 mln) in the first half of 2025, reversing a net loss of EGP 41.66 mln in the same period last year, according to its financial results. Sales…
Iron ore futures fell on Friday as continued weakness in China's property sector and disappointing economic data dampened market sentiment. According to the National Bureau of Statistics (NBS), China's economy showed…
India's Directorate General of Trade Remedies (DGTR) has recommended imposing an anti-dumping duty of USD 121.55 per ton on HR steel imports from Vietnam, according to its final findings. Vietnam's Hoa Phat Group would…
India's Jindal Steel has commissioned Primetals Technologies to upgrade the Level 1 and 2 automation systems at its 5-meter plate mill in Angul, Odisha. The project aims to boost system availability, reduce downtime…
British Steel has delivered over 2,000 tons of structural sections for the construction of Sumitomo Electric's high-voltage cable factory at the Port of Nigg in the Scottish Highlands. The steel was supplied to BHC…
Saudi Arabia's Group Five Pipe posted a sharp rise in net profit for the first half of 2025, its financial statement showed. Net profit jumped to SAR 125 mln (USD 33.2 mln), compared with SAR 9.2 mln in the same period…
Egypt's Misr National Steel (Ataqa) has applied to the General Authority for Industrial Development for a license to build a billet production facility, the company said in a stock exchange filing. Ataqa submitted its…
The U.S. Department of Commerce (DOC) has released preliminary findings from its latest administrative review of antidumping duties on Turkish rebar exports. Covering the period from July 1, 2023, to June 30, 2024, the…
Mughal Iron & Steel's subsidiary, Mughal Energy, has completed the hydro testing phase for its 36.50 MW hybrid power plant, marking a significant step toward the project's commissioning. Hydro testing, a crucial process…
Iron ore futures fell on Thursday as sluggish steel demand weighed on sentiment. A seasonal slowdown in consumption, compounded by a tropical storm in southern China, has driven a steady buildup of finished steel…
Vietnam's Hoa Phat Group has commissioned a new basic oxygen furnace (BOF) and RH vacuum refining furnace at its Dung Quat 2 Iron and Steel Complex, marking a key milestone toward launching Blast Furnace No. 2 and…
Spartan UK, part of the Metinvest Group, has won a contract to supply 1,600 tons of steel plates for the new Sizewell C nuclear power station in Suffolk, one of the UK's largest energy projects in decades. The plant is…
Turkey exported about 1.6 mln tons of HRC in the first half of 2025, up 43pct YoY, according to data from the Turkish Statistical Institute (TUIK). Italy was the top buyer, importing 455,300 tons, followed by Spain with…
Kardemir Celik is investing USD 30 mln in a large-section rolling mill in Izmir's Aliaga Bozkoy district, aiming to boost production capacity, diversify its product range, and tap new markets. The facility is scheduled…
Pakistan's National Tariff Commission (NTC) has recommended cutting import duties on steelmaking raw materials, including scrap, to zero, aiming to secure uninterrupted supply and reduce production costs, according to a…
Iron ore futures were flat on Wednesday as traders weighed reports of steel production cuts in China. According to market sources, authorities ordered steel mills in Tangshan, a key steelmaking hub, to temporarily halt…
John Cockerill India Limited has been awarded a contract worth approximately USD 31 mln by JSW JFE Electrical Steel Nashik Private Limited. The agreement covers the engineering, design, manufacture, and supply of…
Japan's Ministry of Economy, Trade and Industry (METI) and Ministry of Finance (MOF) have launched an anti-dumping investigation into hot-dipped galvanized steel coil, sheet, and strip imports from China and South…
Welspun Tubular LLC will invest USD 150 mln to build a Longitudinally Submerged Arc Welded (LSAW) line pipe mill and coating facility at its Little Rock, Arkansas site. The project, expected to create 300 jobs, will…
Turkey imported 1.87 mln tons of HRC in the first half of 2025, down more than 8pct YoY, according to data from the Turkish Statistical Institute (TUIK). China was the leading supplier, shipping 709,500 tons, followed…
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