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
Toyota Tsusho Corporation has completed the full acquisition of U.S.-based Radius Recycling, Inc. through its subsidiary, Toyota Tsusho America, Inc. The deal was finalized on July 11, 2025, making Radius a wholly owned…
Turkey's imported scrap market saw a slight uptick this week, even as sluggish finished steel sales slowed buying activity. Current import offers are assessed at USD 340-345 per ton CFR, up slightly from last week's USD…
Pakistan's Beco Steel Limited has successfully completed its first export shipment of copper ingots to Hong Kong, China, the company announced in a filing to the stock exchange. According to the company, the copper…
The global long steel products market continues to face a weak and uncertain business environment, with no meaningful improvement in the supply-demand balance, according to the latest short-range outlook from the…
Turkey's scrap import prices came under pressure this week, as sluggish finished steel sales kept mills cautious. Current import offers are assessed in the range of USD 335-345 per ton CFR, as compared to USD 345 per…
Turkey imported 8.2 mln tons of scrap between January and May 2025, marking a 5.3pct decline YoY, according to data from the Turkish Statistical Institute (TUIK). The Netherlands remained Turkey's top scrap supplier…
SSAB has secured an additional EUR 430 mln (USD 504 mln) in green financing to advance its transformation project in Lulea, Sweden. This follows a successful debt raising in April 2025 and supports the construction of a…
The Pakistani government has approved approximately USD 42 mln for the redevelopment of the Gadani shipbreaking yard in Balochistan, aiming to transform it into a model green facility aligned with international…
Turkey's scrap import prices held largely steady this week, as buying activity slowed significantly due to weak demand for finished steel. Current scrap import offers are hovering around USD 340 per ton CFR, a slight…
Tata Steel plans to produce 10-15 mln tons of steel through recycling over the next 10-15 years, as part of its strategy to adopt low-carbon steelmaking technologies in India and Europe, CEO and MD T.V. Narendran said…
Turkey's scrap import prices fell this week, pressured by sluggish steel demand following the Eid holidays. Current scrap import offers are in the range of USD 335-340 per ton CFR, marking a decrease of USD 5-10 per ton…
Turkey imported approximately 6.6 mln tons of scrap in the first four months of 2025, marking a nearly 4pct YoY decline, according to data from the Turkish Statistical Institute (TUIK). The Netherlands was Turkey's top…
The International Rebar Producers and Exporters Association (Irepas) reports that the global long steel market is structurally oversupplied and overcrowded, with cutthroat competition and razor-thin margins. In the…
Pakistan imported 292,630 tons of scrap in April 2025, reflecting a significant YoY increase of nearly 59pct, according to data from the Pakistan Bureau of Statistics (PBS). On a month-over-month basis, scrap imports…
Kuwait-based Metal Recycling Company (MRC) is on track to open its new steel scrap recycling plant later this year. This development was announced in a stock exchange filing by MRC's parent company, Agility Public…
Turkey's scrap import prices remained unchanged this week, as suppliers resisted lower bids from domestic steel mills despite sluggish demand for finished steel. Current import offers are assessed in the range of USD…
Turkey's scrap import market increased this week, as suppliers pushed for increased prices despite resistance from Turkish mills. Current scrap import offers are assessed at USD 340-350 per ton CFR, compared with USD…
Turkey's scrap import market extended its upward trend this week, supported by a series of new bookings at higher price levels. Current import prices are assessed at USD 340-345 per ton CFR, up from USD 335-340 per ton…
Turkey's scrap import prices surged this week, driven by a series of new bookings at higher levels. Current prices are assessed at USD 335-340 per ton CFR, up from USD 325 per ton CFR last week. Scrap suppliers have…
Turkey imported 4.7 mln tons of scrap in the first quarter of 2025, down 11.7pct YoY, according to data from the Turkish Statistical Institute (TUIK). The Netherlands was the top supplier during this period, exporting…
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