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Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.

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Borusan Pipe posts improved Q1 results

Turkey Turkey

Turkish pipe producer Borusan Pipe returned to profitability in the first quarter of 2026, supported by stronger sales volumes and improved operational efficiency, according to its financial results. Net profit reached…

Tenaris to acquire Artrom Steel Tubes

Romania Romania

Tenaris announced that it has entered into a definitive agreement to acquire 100pct of the share capital of Romania-based Artrom Steel Tubes S.A. from U.S.-based GLGH Steel LLC. The transaction value amounts to EUR 86…

Toscelik wins steel pipe tender in Ankara

Turkey Turkey

Turkey-based Toscelik Spiral Boru has won a tender for the supply of steel pipes awarded by Ankara Metropolitan Municipality's water authority (ASKI), according to local media reports. The tender covers the procurement…

Borusan Pipe secures USD 100 mln pipe orders in US

Turkey Turkey

Turkey-based Borusan Pipe said its US subsidiary Borusan Berg Pipe has secured around USD 100 mln in sales orders in the United States, according to a stock exchange filing. The orders cover large-diameter line pipes…

Hoa Phat Q1 profit jumps on strong steel sales

Vietnam Vietnam

Hoa Phat Group reported revenue of over VND 53.3 trillion (USD 2 bln) and net profit of VND 9.06 trillion (USD 344 mln) in the first quarter of 2026, up 40pct and 170pct YoY, respectively. Profit reached 41pct of the…

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