Middle East Steel News
Scrap imports drop in Jan 2026
Turkey imported 1.7 mln tons of ferrous scrap in January 2026, down 13pct YoY, according to data from the Turkish Statistical Institute (TUIK). Imports...
Kocaer Celik’s net profit surges in 2025
Turkish steel profile producer Kocaer Celik reported net profit of TRY 473.5 mln (USD 10.77 mln) in 2025, up sharply from TRY108.5 mln in...
Beco Steel posts lower profit in H1 FY2026
Pakistani long steel producer Beco Steel Limited reported lower earnings for the half year ended December 31, 2025, amid challenging market conditions.
Net sales declined...
Gulf shipping disruption freezes steel trade flows
Escalating regional tensions in the Middle East have sharply curtailed vessel movements through the Strait of Hormuz, disrupting one of the world's most strategic...
Borusan Pipe returns to profit in 2025
Turkish pipe producer Borusan Pipe reported higher earnings in 2025, supported by stronger volumes and improved operational efficiency, according to its full-year financial results.
Net...
Global Steel News
Iron ore edges higher as market awaits Beijing policy signals
Iron ore futures traded in a narrow range on Wednesday, edging slightly higher as expectations of potential stimulus from China offered support, though weak...
Tata Steel advances decarbonization with heat storage system at Jamshedpur plant
Tata Steel, in partnership with German energy storage startup Kraftblock GmbH, is nearing one year of stable operations of a thermal energy storage system...
NMDC posts higher iron ore output and sales in Feb 2026
India's state-owned miner NMDC Ltd reported higher iron ore output and sales in February 2026, according to a stock exchange filing.
The company produced 5.35...
Marcegaglia upgrades EAF dedusting system at Sheffield stainless steel plant
Marcegaglia Stainless Sheffield has completed a further phase of its major melt shop modernization project with the installation of water-cooled ducting on its electric...
Braca Metals selects Danieli for new shredder-based recycling plant
Braca Metals, a leading scrap-processing operator in New South Wales, has selected Danieli Centro Recycling to supply a new shredder-based recycling plant at its...
