Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
292 news items in Scrap. Show all
JFE Steel Corporation has commissioned a new electric arc furnace (EAF) at its East Japan Works (Chiba district), with operations starting on April 29, 2026, the company announced in a press release. The new unit is…
Turkey's import scrap market extended its upward trend this week, supported by firm supplier sentiment and high freight costs. HMS 1&2 (80:20) import prices were assessed at USD 410-415 per ton CFR, up USD 5-10 per ton…
India and New Zealand have signed a free trade agreement (FTA), reducing tariffs on a wide range of goods, including iron, steel and raw materials used in steel production. Under the agreement, tariffs will be cut or…
Turkey's scrap import prices increased this week, supported by reports of a limited number of deals at higher price levels. HMS 1&2 (80:20) import prices were assessed at USD 405 per ton CFR, up USD 5 per ton…
Pakistan imported 208,764 tons of steel scrap in March 2026, down 29.7pct YoY from 296,929 tons in the same month last year, according to data from the Pakistan Bureau of Statistics (PBS). However, imports increased by…
Turkey's scrap import prices remained largely unchanged this week, as weak finished steel demand continued to limit buying interest from mills. HMS 1&2 (80:20) import prices were assessed at USD 400 per ton CFR. Market…
Turkey's scrap import prices remained stable this week, with HMS 1&2 (80:20) assessed around USD 400 per ton CFR, while buying activity slowed amid weak finished steel demand. Despite limited trading, suppliers…
The global long steel products market remains under pressure, with no signs of improvement in supply-demand fundamentals, according to the International Rebar Producers and Exporters Association (Irepas). Irepas said…
Turkey's scrap import prices continued to firm this week, reaching around USD 400 per ton CFR, up from USD 390-400 per ton last week. Some offers, particularly from U.S. suppliers, were heard above USD 400 per ton. The…
Turkey imported 3.1 mln tons of ferrous scrap in the first two months of 2026, up 3.3pct YoY, according to data from the Turkish Statistical Institute (TUIK). The United States remained the largest supplier, shipping…
Baosteel has achieved key production and cost targets at its Fastarc Zerobucket electric arc furnace (EAF) in Shanghai, with monthly output exceeding 100,000 tons of liquid steel and operating cost reductions of around…
Turkey's scrap import prices increased sharply this week, reaching around USD 390-400 per ton CFR, up from USD 375 per ton before the Eid holidays. The rise was driven by higher freight and energy costs linked to Middle…
Turkish steelmaker Kardemir has increased prices for long steel products in its latest sales round, citing higher scrap costs. According to the latest price list, 12-32 mm rebar is offered at TRY 25,915 (USD 584) per…
Saudi-based Riyadh Steel reported lower revenue but higher net profit in 2025, according to a filing on the Saudi Exchange. The company's revenue declined 7pct YoY to SAR 151.16 mln (USD 40.3 mln) in 2025, compared with…
Turkey's scrap import prices edged slightly higher this week as rising freight costs supported seller sentiment amid the ongoing Middle East conflict. Scrap import prices were assessed at USD 375 per ton CFR, up from…
Turkey's scrap import market remained stable this week, as the ongoing Middle East conflict kept market sentiment cautious. Turkey's scrap import prices were assessed unchanged at USD 370-375 per ton CFR. Market…
Turkey imported 1.7 mln tons of ferrous scrap in January 2026, down 13pct YoY, according to data from the Turkish Statistical Institute (TUIK). Imports also declined 2.3pct compared with the previous month. The United…
Braca Metals, a leading scrap-processing operator in New South Wales, has selected Danieli Centro Recycling to supply a new shredder-based recycling plant at its newly developed yard in Razorback, NSW, Australia. The…
Turkey's scrap import market remained broadly stable this week, although sentiment softened as mills largely stayed on the sidelines amid weak finished steel demand and tightening margins. Deep-sea scrap prices were…
Kerala State Road Transport Corporation (KSRTC) is setting up South India's largest registered vehicle scrapping facility (RVSF) at Edappal, in partnership with South India Metal Corporation (SIMCO). The foundation…
“Premium Content” marks a news item that needs a subscription to read in full.
