Middle East Steel News
Kardemir raises billet, rebar prices in latest sales round
Turkish steelmaker Kardemir has increased prices for billet and rebar in its latest sales round.
Billet prices were raised by USD 35-40 per ton compared...
Flat steel producers raise cold-rolled and galvanized steel prices
Pakistan's flat steel producers, International Steels Limited (ISL) and Aisha Steel, have increased domestic prices for cold-rolled and galvanized steel by PKR 5,000 (USD...
Mobarakeh and Khuzestan Steel plants hit again in second wave of airstrikes
Iranian steel producers Mobarakeh Steel Company and Khuzestan Steel Company have been targeted in a second wave of U.S./Israel airstrikes, according to media reports,...
Ministry imposes definitive safeguard duty on billet imports
Egypt's Ministry of Investment and Foreign Trade has imposed a definitive safeguard duty on billet imports to protect the domestic steel industry.
According to the...
UK tightens Turkish coated steel quota
Turkish coated steel exports to the UK face tighter quota limits following a review by the UK's Trade Remedies Authority (TRA).
According to the notice,...
Global Steel News
Iron ore edges higher on demand optimism
Iron ore futures rose on Wednesday, supported by cautious optimism over demand recovery despite ongoing headwinds.
A steady recovery in Chinese steel production continued to...
Baosteel achieves output, cost targets at Fastarc EAF in Shanghai
Baosteel has achieved key production and cost targets at its Fastarc Zerobucket electric arc furnace (EAF) in Shanghai, with monthly output exceeding 100,000 tons...
SAIL to modernize Durgapur billet casters
SAIL's Durgapur Steel Plant (DSP) has awarded SMS group a turnkey contract to modernize its two 6-strand billet casters in Durgapur, West Bengal, as...
Mesabi Metallics secures financing as Minnesota DR pellet project nears completion
Mesabi Metallics, backed by India's Essar Group, has secured a USD 520 mln senior secured credit facility as it advances its iron ore project...
UMB Steel to restart Otelu Rosu plant with new meltshop project
UMB Steel will restart its Otelu Rosu plant in Romania with the development of a new meltshop, supported by technology supplier Sarralle, as part...
