Middle East Steel News
Emirates Steel holds August rebar prices steady
UAE's Emirates Steel, part of EMSTEEL Group, has kept its rebar prices unchanged for August production.
The company maintained its price for 12-32 mm rebar...
Red Sea tensions raise concerns over Saudi steel supply chain
Escalating security risks in the Red Sea are raising concerns over steel supply chains to Saudi Arabia, with market participants warning that prolonged disruptions...
Al Jazeera Steel’s net profit falls in H1 2026
Oman's Al Jazeera Steel Products Co. SAOG reported a decline in net profit for the first half of 2026, according to its unaudited financial...
East Pipes signs material handling equipment deals to strengthen pipe operations
Saudi Arabia's East Pipes Integrated Company for Industry has signed agreements worth about SAR 8.9 mln (USD 2.37 mln) with selected suppliers as part...
Bulk carrier transporting steel billets to UAE sinks in Strait of Hormuz
A bulk carrier carrying steel billets from India to the UAE partially sank in the Strait of Hormuz after suffering structural failure, raising concerns...
Global Steel News
Iron ore extends losses on weak demand outlook
Iron ore futures declined on Tuesday as subdued steel demand and cautious purchasing by Chinese mills continued to pressure the market, while expectations of...
WISCO to expand flat steel capacity with hot strip mill upgrade
China's Wuhan Iron and Steel Co. (WISCO), a subsidiary of Baowu Steel Group, has awarded Primetals Technologies a contract to convert its compact strip...
Tubos Reunidos supplies stainless steel tubes for Gorakhpur nuclear plant
Spanish seamless tube producer Tubos Reunidos has supplied 160 tons of seamless stainless steel tubes for the Gorakhpur Nuclear Power Plant (GHAVP) in India,...
Steel Dynamics Q2 earnings rise on stronger steel prices
US-based Steel Dynamics reported stronger second-quarter results, supported by improved steel prices, record shipments and solid demand across key end-use sectors. The company said...
Iron ore eases as sluggish steel demand pressures market
Iron ore futures edged lower on Monday as weak steel demand continued to weigh on market sentiment, offsetting support from weather-related disruptions to iron...