Middle East Steel News
Scrap import prices gain on firm supplier sentiment
Turkey's import scrap market extended its upward trend this week, supported by firm supplier sentiment and high freight costs. HMS 1&2 (80:20) import prices...
Jindal SAW board clears expansion of Saudi pipe project
India-based Jindal SAW Ltd. said its board has approved a proposal to establish an additional longitudinal submerged arc welded (LSAW) pipe facility in Saudi...
Baosteel reviews PIF JV steel plate complex in Ras Al Khair amid regional uncertainties
China's Baoshan Iron & Steel Co. (Baosteel) is reassessing its planned steel joint venture in Saudi Arabia amid rising geopolitical risks linked to tensions...
Toscelik wins steel pipe tender in Ankara
Turkey-based Toscelik Spiral Boru has won a tender for the supply of steel pipes awarded by Ankara Metropolitan Municipality's water authority (ASKI), according to...
Agha Steel losses narrow in 9M FY2026 on cost controls
Pakistan-based Agha Steel Industries Limited reported improved financial performance for the nine-month period ended 31 March 2026, with losses narrowing amid lower finance costs...
Global Steel News
U.S. Steel to invest USD 1.9 bln in DRI facility at Big River site
United States Steel Corporation plans to invest USD 1.9 bln to build a new direct reduced iron (DRI) facility at its Big River Steel...
Hyundai-POSCO JV advances Louisiana steel project with power agreement
Hyundai Steel, together with POSCO, has advanced its planned US steel investment through its joint venture Hyundai-POSCO Louisiana Steel (HPLS), following the signing of...
ArcelorMittal reports lower Q1 profit, higher revenue
ArcelorMittal, one of the world's largest integrated steel and mining companies, announced results for the first quarter of 2026, reporting lower profit but higher...
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...
