Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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292 news items in Scrap. Show all
Turkey's scrap import prices remained stable this week, signaling that the market may have finally bottomed out, despite sluggish purchasing activity from local steel mills. Current scrap import prices are assessed at…
NSL Green Steel Recycling, a fully owned JSW Steel subsidiary company, selected Danieli Centro Recycling technology for its new heavy-duty shredder, to be installed at Khalapur, Raigad district of Maharashtra, India. To…
The downward trend in Turkish scrap import prices continued this week, driven by increased availability of scrap cargoes and a cautious buying approach from Turkish steel mills, amid sluggish demand for finished steel…
Pakistan's scrap imports reached 280,635 tons in March 2025, marking a YoY increase of 10.82pct, according to data from the Pakistan Bureau of Statistics (PBS). On a month-on-month basis, imports were up 17.9pct…
Turkish scrap import prices continued to decline this week, pressured by weak demand for finished steel. Prices were assessed at USD 345-350 per ton CFR, down from USD 365-370 per ton the previous week. The decline is…
The Pakistan Association of Large Steel Producers (PALSP) has strongly opposed the Federal Board of Revenue's (FBR) draft SRO 592(1)/2025, which seeks to reinstate the Export Facilitation Scheme (EFS) for the iron and…
Pakistan's construction sector remains sluggish, weighed down by persistently high steel prices that continue to discourage both public and private development activity, according to a local newspaper report. Despite…
Scrap import prices in Turkey declined this week, pressured by subdued buying activity from steel mills amid weak finished steel demand. Prices were assessed at USD 365-370 per ton CFR, down from USD 380 per ton CFR…
The Pakistan Steel Melters Association (PSMA) has submitted its proposals for the Federal Budget 2025-26, aiming to revitalize the domestic steel industry and promote economic growth. The proposals focus on key…
Turkey imported 3 mln tons of scrap in the first two months of 2025, marking a YoY decline of nearly 13pct, according to data from the Turkish Statistical Institute (TUIK). The Netherlands emerged as the leading…
Turkey's scrap import prices held steady this week at USD 380 per ton CFR, as buying activity was minimal due to the Eid holidays in the first half of the week. Turkish steel mills took a cautious approach, monitoring…
ArcelorMittal Nippon Steel India (AM/NS India) has launched its first scrap processing facility at its Khopoli site in Maharashtra, with a capacity of 120,000 tons per year. This is the first of four units planned…
Turkey's scrap import prices held steady this week at USD 380 per ton CFR, as upcoming Eid holidays and ongoing political uncertainty kept Turkish steel mills on the sidelines. The political unrest from last week…
Turkey's scrap import market faced uncertainty as mid-week political unrest sent the lira to a record low. Scrap import prices were assessed at USD 380 per ton CFR, compared to USD 370-380 per ton CFR earlier. Earlier…
ArcelorMittal South Africa (ArcelorMittal SA) is in talks with the government and other stakeholders for funding to potentially delay the planned closure of its long steel operations. However, the company emphasized…
Pakistan's scrap imports fell by 6.74pct YoY in February 2025, totaling 238,043 tons, according to the Pakistan Bureau of Statistics (PBS). However, on a monthly basis, imports rose by 11.33pct compared to January 2025…
The European Commission is considering export duties of up to 25pct on scrap metal to support the domestic industry amid concerns over trade disruptions from U.S. tariffs, according to a draft EU plan seen by Reuters…
The global long steel market is facing unprecedented protectionist measures, with governments worldwide imposing tariffs and trade barriers, according to the latest outlook from the International Rebar Producers and…
Turkey's scrap import prices continued to rise this week, reaching USD 370-380 per ton CFR, up from USD 365-375 per ton CFR last week. The price increase is driven by higher collection costs, a stronger Euro against the…
Turkey's scrap imports fell 20pct in January 2025 YoY, according to data from the Turkish Statistical Institute (TUIK). The country imported 1.5 mln tons during the period, down from 1.8 mln tons in the same month last…
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