Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkish steelmaker Karabuk Demir Celik (Kardemir) significantly reduced its losses in the first half of 2025, according to its latest financial report. Net loss fell to TRY 254.21 mln (USD 6.2 mln) from TRY 2.47 bln a…
EMSTEEL's steel business unit, Emirates Steel Industries, has become the first company in the Middle East and North Africa to receive ResponsibleSteel Core Site certification, following a rigorous audit by international…
Iron ore futures surged on Tuesday as the extension of the U.S.-China trade truce boosted market sentiment. The two largest global economies agreed to prolong their truce for another 90 days, until November 10, 2025…
Mukand Sumi Special Steel Ltd. (MSSSL) has placed an order with Danieli India, a subsidiary of Italy's Danieli, for a state-of-the-art blooming mill to be installed at its Hospet plant in Karnataka. The mill will roll…
Multiple explosions at U.S. Steel's Clairton Coke Works near Pittsburgh left two dead and 10 injured, the company confirmed. The incident began inside a battery operating area, triggering several secondary blasts…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) posted a steep drop in first-half 2025 earnings, according to a stock exchange filing. Net profit fell 67.2pct YoY to SAR 1.1 mln (USD 0.29 mln), while revenues…
Saudi Steel Pipe Co. (SSP) posted a 9.45pct YoY increase in net profit for the first half of 2025, reaching SAR 162 mln (USD 43.1 mln), according to a stock exchange filing. The company said the profit boost was mainly…
Iran's iron and steel exports rose 13pct YoY in the first four months of the current Iranian year (starting March 21), adding 469,000 tons, according to the Iranian Steel Producers Association (ISPA). The export value…
Iron ore futures gained on Monday, supported by firm near-term demand, though upside was limited by reports of production cuts in a key steel hub. Blast-furnace based steel mills maintained high output levels, buoyed by…
The Indian Stainless Steel Development Association (ISSDA) has petitioned the Directorate General of Trade Remedies (DGTR) to impose anti-dumping duties on low-priced imports from select countries, local media reported…
Germany's Klockner & Co has expanded its electrical steel capacity to address surging demand from North America's power grid, renewable energy, and data center sectors. The company has established a state-of-the-art…
Australia-based iron ore miner Fortescue has secured a 14.2 bln yuan (USD 1.97 bln) syndicated term loan in Chinese currency to fund its decarbonization initiatives and for general corporate purposes. Executive Chairman…
Turkey's scrap import prices rose this week as steel mills booked new cargoes at higher levels. Prices were assessed at USD 345-347 per ton CFR, up from USD 340-345 per ton CFR last week. Despite fresh purchases, mills…
Saudi Arabia's Al-Ittefaq Steel Products Company (ISPC) has partnered with Strataphy to introduce geothermal-powered Cooling as a Service (CAS) at its facilities, the first application of advanced geothermal cooling in…
Qatar Steel posted a 26pct YoY decline in net profit for the first half of 2025, as weaker steel prices weighed on earnings, according to its parent company Industries Qatar (IQ). Net profit fell to QAR 265 mln (USD 72…
Iron ore futures slipped on Friday, pressured by lingering demand concerns amid excess supply and potential steel output cuts. Brazil, a major exporter, shipped a record 41.1 mln tons of iron ore in July, surpassing its…
ArcelorMittal Jinxi New Materials (Changzhou), a joint venture between ArcelorMittal and China Oriental Group, has awarded Danieli a contract to supply a six-stand cold-strip mill for its plant in Changzhou, Jiangsu…
India's state-owned NMDC Ltd produced 3.09 mln tons of iron ore in July 2025, up 42.4pct YoY. Sales rose 13pct to 3.46 mln tons from 3.06 mln tons a year earlier. Operating three fully mechanized mines, two in…
Vietnam's Hoa Sen Group has introduced its Zinc-Aluminum-Magnesium (ZAM) coated steel coil, branded as MAGSHIELD, with an official launch on August 5, 2025, at the Hoa Sen's Nghe An factory. Marketed as a…
Turkey's major steel producer, Erdemir Group reported a sharp decline in net profit for the first half of 2025, according to its latest financial results. Net profit fell to TRY 1.81 bln (USD 44.5 mln), down…
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