Middle East Steel News
Kardemir returns to profit in H1 2026
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...
Qatar Steel profit rises in H1 on higher prices and lower costs
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...
Local rebar mills cut output as weak demand squeezes margins – report
Egyptian steel mills are sharply reducing production as weak sales weigh on the domestic market, with some plants temporarily suspending operations, according to local...
ISMQ’s profit falls in H1 2026
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...
Regional suppliers strengthen position in steel imports in H1 2026
Steel import sourcing shifted towards regional suppliers during the second quarter of 2026, as geopolitical tensions and disruptions to maritime logistics altered supply patterns...
Global Steel News
Iron ore futures recover despite weak steel demand
Iron ore futures rebounded on Tuesday, supported by supply concerns and renewed expectations of further stimulus from Beijing, although weak downstream steel demand remained...
Steel firms eye Uzbekistan market as trade cooperation deepens
Indian steelmakers could gain access to a new export market in Uzbekistan after the Indian Steel Association (ISA) signed a bilateral MoU with the...
Algoma suspends EAF operations after power plant outage
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...
TYASA launches new SBQ plant in Orizaba
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...
Iron ore futures decline on uncertain demand outlook
Iron ore futures weakened on Monday as high port inventories and weaker Chinese economic data offset improving steel market sentiment and stronger coking coal...