Middle East Steel News
Scrap import prices steady amid cautious buying
Turkey's imported scrap prices held steady this week at USD 350-355 per ton CFR, unchanged from last week, as mills continued booking cargoes to...
Wire rod exports dip in Jan-Sep 2025
Turkey exported 714,500 tons of wire rod in the first nine months of 2025, a 3pct YoY decline, according to data from the Turkish...
Al Yamamah Steel backs subsidiary’s billet plant plan with new investment
Al Yamamah Steel Industries Company will take part in the planned capital increase of its subsidiary, Al Yamamah Company for Reinforcing Steel Bars, to...
Mughal Steel accelerates long steel expansion
Mughal Iron & Steel Industries Ltd (Mughal Steel) is accelerating expansion in its core ferrous operations while keeping its copper segment on hold amid...
Meraas awards contract for residential project in Dubai
Meraas has awarded a USD 120 mln contract to GCC Contracting for the development of the City Walk Northline project, marking the latest phase...
Global Steel News
Iron ore futures inch higher, but weak demand caps gains
Iron ore futures edged higher on restocking demand ahead of the winter season, though the broader outlook remains bearish due to weakening fundamentals.
Analysts noted...
Finished steel exports rise sharply as imports decline in Oct 2025
India turned a net exporter of finished steel in October, with outbound shipments reaching 0.64 mln tons, up 44.8pct from a year earlier, according...
CSC leaves December prices flat on weak demand recovery
Taiwan's China Steel Corp (CSC) will keep its domestic list prices unchanged for December, the company said, citing a mixed outlook for global and...
Tenaris acquires scrap recycling firm to streamline Koppel steelmaking operations
Tenaris said its subsidiary, Steel Recycling Services, has acquired the Beaver Falls scrap processing yard from SA Recycling. The 39-acre facility sits next to...
Iron ore futures remain under pressure amid weak demand outlook
Iron ore futures stayed under pressure on Thursday as a bearish demand outlook continued to weigh on sentiment. Analysts noted that soft steel demand...
