Middle East Steel News
Hadeed lifts rebar prices for January sales, wire rod unchanged
Saudi Iron and Steel Company (Hadeed) has increased its rebar prices for January production while leaving wire rod prices unchanged, the company said.
The company's...
Al Yamamah Steel reports lower profit in FY25
Al Yamamah Steel Industries Co. reported a decline in net profit for the fiscal year ended September 30, 2025, with earnings falling 15.7pct YoY...
FBR sets minimum sales tax values for long steel products
The Federal Board of Revenue (FBR) has notified minimum values for the payment of sales tax on selected locally produced and supplied long steel...
Construction confidence index dips in December
Turkey's construction sector confidence index edged down 0.5pct month on month to 84.5 in December 2025, according to data from the Turkish Statistical Institute...
Scrap import prices firm slightly ahead of year-end holidays
Turkey's imported scrap prices edged higher this week, with assessments at USD 360-370 per ton CFR, compared with USD 360-365 per ton last week.
Market...
Global Steel News
Iron ore futures surge on Beijing’s proactive fiscal policy signals
Iron ore futures surged on Monday, driven by improved sentiment after Beijing signaled a more proactive fiscal policy stance for 2026.
China will adopt a...
Jindal Steel to double structural steel capacity at Raigarh by 2028
Jindal Steel Ltd. plans to double its structural steel manufacturing capacity at the Raigarh facility to 2.4 mln tons per year by mid-2028, up...
Sidersa moves into long steel with new minimill in Buenos Aires
Sidersa has placed an order with Danieli for a MIDA QLP-DUE green steel minimill to be built in San Nicolas de los Arroyos, Buenos...
Grangex signs iron ore offtake and financing deal with Anglo American
Grangex AB has entered into a strategic commercial agreement with Anglo American, supporting Grangex's plans to restart operations at the Sydvaranger iron ore mine...
Iron ore futures rise as sentiment improves, fundamentals remain soft
Iron ore futures posted gains on Friday, supported mainly by sentiment-driven expectations, while underlying fundamentals remained weak.
Iron ore futures were subdued earlier in the...
