Middle East Steel News
Hadeed raises long steel prices for May output
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for May production.
Rebar (12-32 mm) prices were raised...
Erdemir Q1 profit declines 9.4pct YoY, output rises
Turkish steel producer, Erdemir Group reported a 9.4pct YoY decline in profitability in the first quarter of 2026, according to its latest financial results.
Net...
Amreli returns to profit in 9M FY2026 on loan restructuring gains
Pakistan's Amreli Steels Limited reported a return to profitability for the nine-month period ended 31 March 2026, primarily supported by gains from loan restructuring.
The...
Kardemir lowers rebar prices in latest sales round
Turkish steel producer, Kardemir has reduced rebar prices in its latest sales round.
The company set prices for 12-32 mm rebar at TRY 26,815 (USD...
Molan Steel losses widen in 2025 on weak liquidity
Saudi Arabia-based Molan Steel Company reported lower revenue and wider losses for the year ended 31 December 2025, according to a filing on the...
Global Steel News
Iron ore futures rise on upbeat PMI data
Iron ore futures rose in the last session before the holidays on Thursday, supported by firm steel demand and stable manufacturing activity in China.
China's...
Baosteel Q1 profit declines 8.6pct YoY
China's Baoshan Iron & Steel Co. reported weaker profitability in the first quarter of 2026, with net profit attributable to shareholders falling 8.6pct YoY...
Tata Steel commissions ASU at Ludhiana EAF plant with INOX Air Products
India-based Tata Steel Limited has commissioned a 280 tons per day (TPD) cryogenic air separation unit (ASU) at its electric arc furnace (EAF)-based steel...
VSSL commissions reheating furnace at Ludhiana plant
India-based Vardhman Special Steels Limited (VSSL) has commissioned a new walking beam reheating furnace at its Ludhiana facility, enhancing its capability to produce high-quality...
Iron ore futures rise but supply pressures limit upside
Iron ore futures increased on Wednesday, supported by firm steel demand and cost pressures, although concerns over slowing steel production growth and rising supply...
