Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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290 news items in Semi-finished. Show all
Riyadh Steel, a Saudi Arabian long steel producer, reported a 3.2pct YoY decline in net profit for the first half of 2025, according to a stock exchange filing. Net profit slipped to SAR 2.45 mln (USD 0.65m) from SAR…
Turkish steelmaker Kardemir kept billet prices unchanged in its latest sales round, matching the levels set on 24 July. The company offered S235JR grade billets at USD 500 per ton EXW and B420 grade billets at USD 510…
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…
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…
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…
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…
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…
Vietnam-Italy Steel, a subsidiary of Japan's Kyoei Steel Group, has commissioned a new high-speed rolling mill in Hai Phong, northern Vietnam, with an annual capacity of 500,000 tons of rebar ranging from 10 to 51 mm in…
HBIS Group's Wuyang Iron and Steel has successfully produced the first slab on its new single-strand continuous caster at its Wugang facility in Henan province, China. Engineered by Primetals Technologies, the caster is…
Turkish steelmaker Kardemir has increased its billet prices by USD 15 per ton in its latest sales round, according to its latest price list, compared to the levels announced early this month. As per the updated pricing…
National Building and Marketing Co. (NBM) has increased the capital of its subsidiary, Ajeej Steel Manufacturing Co., from SAR 180 mln (USD 47.9 mln) to SAR 300 mln (USD 79.9 mln), the company announced in a stock…
Steel Exchange India Limited (SEIL) has secured a contract from Rashtriya Ispat Nigam Limited (RINL) to convert 120,000 tons of billets per year into rebars. Valued at up to INR 210 crore (USD 24.3 mln), the two-year…
Turkey imported 1.6 mln tons of billets in the first five months of 2025, marking a YoY increase of nearly 36pct, according to data from the Turkish Statistical Institute (TUIK). Malaysia was the top supplier during…
Algerian state-owned steelmaker Al Solb (formerly Sider El Hadjar), a subsidiary of the National Steel Holding Company (SNS), has entered into a partnership agreement with Algerian Qatari Steel (AQS) to enhance domestic…
Chinese steel producers are increasingly exporting semi-finished products like billets to avoid tariffs imposed on finished steel in markets such as Indonesia and Turkey, according to a Reuters report citing industry…
Thyssenkrupp Steel has concluded a comprehensive restructuring agreement with Germany's industrial union IG Metall under the initiative titled "Steel Realignment." The agreement, reached after extensive negotiations…
China's steel exports rose 9.2pct YoY in the first half of 2025, reaching 58.1 mln tons, according to the General Administration of Customs. In June alone, exports increased 10.7pct YoY to 9.67 mln tons. However, they…
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…
Jindal Steel Oman has signed a two-year, USD 1 bln partnership with ArcelorMittal Tubular Products Al-Jubail (AMTPJ), a leading Saudi Arabian seamless pipe producer. Under the agreement, the Omani integrated steelmaker…
UAE-based Arabian Gulf Steel Industries (AGSI) has secured an AED 126 mln (USD 34.3 mln) sustainable financing facility from Mashreq Bank, bolstering its transition toward greener industrial practices in alignment with…
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