Kardemir hikes wire rod prices
Turkish steel producer Kardemir has raised its domestic wire rod prices, according to the company's latest price list. The company is offering 5.5 mm SAE 1006 grade wire rod at USD 620 per ton EXW, while SAE 1008-1010…
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
3,143 news items in Steel Mills. Show all
Turkish steel producer Kardemir has raised its domestic wire rod prices, according to the company's latest price list. The company is offering 5.5 mm SAE 1006 grade wire rod at USD 620 per ton EXW, while SAE 1008-1010…
Pakistan's Aisha Steel Mills returned to profitability in FY26, reporting a net profit of PKR 981.1 mln (USD 3.6 mln), compared with a net loss of PKR 1.35 bln a year earlier, supported by higher sales volumes and…
Iron ore futures fell on Thursday as weak steel demand outweighed support from firmer coke and coking coal prices. Crude steel production among China Iron and Steel Association (CISA) member mills fell 3.4pct YoY to 473…
Jindal Steel has signed an MoU with the Indian Institute of Technology Hyderabad (IIT Hyderabad) to establish a Centre of Excellence focused on high-strength, value-added and value-engineered steel products and…
South Korea's Hyundai Steel has signed an MoU with construction project management company HanmiGlobal to expand the use of steel structures in advanced industrial facilities, including data centres and semiconductor…
Greece's Corinth Pipeworks has secured the line pipe supply package for the Rovuma LNG Phase 1 project in Mozambique, with the contract valued at USD 200-250 mln. The company will manufacture around 250 km or 120,000…
Thyssenkrupp Steel has completed the modernization of continuous slab caster No. 4 at its Duisburg site, with Primetals Technologies issuing the final acceptance certificate in April 2026. The upgraded two-strand caster…
Turkey's Izmir Demir Celik reported a consolidated net loss of TRY 529.4 mln (USD 11.1 mln) in January-June 2026, narrowing from TRY 949.3 mln a year earlier, despite weaker revenue and a sharp deterioration in…
India's MAN Industries (India) has been included in QatarEnergy's Preferred Manufacturers List (PML) for carbon steel LSAW pipes, coating and bends, making the company eligible to bid for large-diameter pipe…
Indian steelmakers are seeking to diversify coking coal supplies as higher prices and disruptions in major producing regions increase steelmaking costs, Reuters reported. India imports around 95pct of its coking coal…
Japan's leading electric arc furnace (EAF) steelmaker Tokyo Steel will keep prices for all steel products unchanged for September sales, citing improving domestic market conditions but continued pressure from…
Turkey's Kardemir posted a consolidated net profit of TRY 5.98 bln (USD 124.7 mln) in January-June 2026, compared with a net loss of TRY 335.8 mln in the same period last year, while EBITDA rose 49.4pct YoY to TRY 4.75…
Qatar Steel, the steel subsidiary of Industries Qatar, reported a 39pct YoY increase in net profit to QAR 367 mln (USD 100.8 mln) in H1 2026, supported by higher average selling prices and lower operating costs despite…
Egyptian steel mills are sharply reducing production as weak sales weigh on the domestic market, with some plants temporarily suspending operations, according to local media reports. Hassan El-Marakby, chairman of El…
Egypt's Iron and Steel for Mines and Quarries (ISMQ) reported a 42.9pct YoY decline in net profit after tax to EGP 398.3 mln (USD 7.9 mln) in H1 2026, from EGP 698.0 mln (USD 13.9 mln) a year earlier. The company's…
Indian steelmakers could gain access to a new export market in Uzbekistan after the Indian Steel Association (ISA) signed a bilateral MoU with the Uzbekistan Metallurgy Association to strengthen cooperation between the…
Canada's Algoma Steel has suspended production at its electric arc furnace (EAF) following an unplanned outage at its Lake Superior Power (LSP) generating facility in Sault Ste. Marie, Ontario. One of LSP's turbine…
Mexico's TYASA has completed the start-up of its new 350,000 tons per year special bar quality (SBQ) plant in Ixtaczoquitlan, Orizaba, with the Danieli-supplied complex now in operation. The new complex includes a…
Turkey-based Borusan Pipe's US subsidiary, Borusan Berg Pipe, has secured new sales orders worth approximately USD 360 mln following commercial negotiations with customers in the US market. The company expects the…
Morocco's steel demand is expected to rise by 7-8pct in 2026 to 2.75-2.82 mln tons, before exceeding 3 mln tons for the first time in 2027, according to local news reports. Growth is expected to be driven by…
“Premium Content” marks a news item that needs a subscription to read in full.
