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
Malaysia Steel Works (KL) Bhd (Masteel) has signed a Memorandum of Understanding (MoU) with Ace Gases Marketing Sdn. Bhd., a subsidiary of Kelington Group Berhad, and Universiti Tunku Abdul Rahman (UTAR) to advance…
Watani Iron Steel Co. (Watani Steel) reported a net profit of SAR 2.9 mln (USD 0.77 mln) for the first quarter of 2025, down 42pct from SAR 4.9 mln in the same period last year. Sales revenue declined 17.8pct YoY to SAR…
Pakistan's large-scale manufacturing (LSM) sector grew by 1.79pct YoY in March 2025, according to data from the Pakistan Bureau of Statistics (PBS). However, on a monthly basis, LSM output fell sharply by 4.64pct…
UAE-based EMSTEEL, one of the region's leading publicly traded steel and building materials manufacturers, has announced its financial results for Q1 2025. The group reported revenue of AED 2.155 bln, up slightly from…
Danieli has announced the final acceptance of a new billet reheating furnace at the Stahlwerk Annahutte Max Aicher plant in Ainring-Hammerau, Germany. Supplied by Danieli Centro Combustion, the 80 tph furnace exceeded…
Japan's Nippon Steel Corporation and Nakayama Steel have signed a basic agreement to establish a joint venture and form a business alliance. Under the agreement, both companies will jointly invest in the new venture…
Turkish steel producer, Ekinciler Demir Celik places exports at the core of its growth strategy, with Africa and the Middle East as key focus regions, according to the local media reports. The company has maintained…
Salzgitter, together with its subsidiary Salzgitter Flachstahl GmbH, is investing a triple-digit mln-euro sum in a new walking beam furnace and a waste gas heat recovery system at its hot strip mill. The upgrade aims to…
Turkish steel producer Kardemir has announced a new sales round for billet and wire rod, featuring reduced prices, according to its latest price list. Billet prices have been cut by USD 15 per ton compared to previous…
Mobarakeh Steel Group, the Middle East's largest steel producer, has urged the Indian government to grant market access to Iranian companies, particularly for the export of semi-finished steel products, according to an…
Pakistan's Large-Scale Manufacturing (LSM) sector contracted by 3.51pct YoY in February 2025, continuing a downward trend that has persisted since August 2024, with the exception of October, according to the Pakistan…
Turkey imported approximately 703,000 tons of slab in the first two months of 2025, marking a 20pct increase compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). In…
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…
Turkish steelmaker Kardemir has launched a new sales round for billet and wire rod, according to its latest price list. Billet prices remain unchanged from the previous list issued on March 13, 2025. S235JR grade…
Emirates Steel, a subsidiary of the EMSTEEL Group and one of the UAE's leading steel producers, reported strong growth in its finished steel segment in 2024, according to its annual report. While crude steel production…
Jindal Shadeed Iron & Steel has commissioned Danieli to upgrade its casting machine capabilities at its Sohar facility in Oman. The modernization aims to enhance efficiency and diversify the product range, enabling the…
Turkish steel producer Kardemir has announced its sales allocation plan for Q2 2025, increasing allocations for billets, wire rod, and profiles while reducing rebar supply compared to the previous quarter. According to…
Steel Exchange India has increased production capacity at its billet mill and rolling bar mill at its Visakhapatnam plant in Andhra Pradesh. The billet mill capacity has been expanded by 45pct, rising from 250,000 tons…
Iran's steel production has faced a 6.7pct decline in the first 11 months of the current Iranian calendar year (March 2024-February 2025), according to the Iranian Steel Producers Association (ISPA). The downturn has…
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