Middle East Steel News
Kardemir cuts billet prices in new sales round
Turkish steelmaker Kardemir has launched a new billet sales round, trimming prices by USD 5 per ton from its previous offers issued on December...
Scrap imports fall nearly 7pct in Jan-Nov 2025
Turkey imported around 17 mln tons of ferrous scrap in the January-November 2025 period, down nearly 6.7pct YoY, according to data from the Turkish...
Maghreb Steel upgrades melt shop safety with automated systems
Morocco's leading flat steel producer Maghreb Steel has strengthened steelmaking efficiency and workplace safety by installing new automated systems supplied by MORE, a manufacturer...
Ministry secures funding for metallurgical-grade silicon project in New Alamein
Egypt has signed a USD 140 mln long-term syndicated financing agreement for the first phase of a metallic silicon and derivatives complex planned for...
Elmarakby Steel to expand product portfolio with new investment
Egyptian steelmaker Elmarakby Steel plans to invest EGP 1 bln (USD 21.15 mln) to expand its product portfolio, according to local media reports.
The investment...
Global Steel News
Iron ore futures surge as Beijing signals loose monetary policy for 2026
Iron ore futures rallied sharply on Wednesday after Beijing reaffirmed its commitment to maintaining a moderately loose monetary policy in 2026. China's central bank...
Hoa Phat raises HRC prices for Feb-Mar deliveries
Vietnamese steelmaker Hoa Phat Group has increased domestic HRC prices for February and March deliveries.
The company is offering SAE1006/SS400 grade HRC at around USD...
Haynes orders hydraulic radial forging line to boost high-performance alloys production
Haynes International Inc., a nickel- and cobalt-based alloy producer based in Kokomo, Indiana and part of North American Stainless, a subsidiary of Acerinox Group,...
BlueScope turns down takeover proposal from SGH-Steel Dynamics consortium
The board of BlueScope said it has unanimously rejected an unsolicited, non-binding and conditional takeover approach from a consortium comprising SGH Limited and Steel...
Iron ore futures extend gains on optimism over near-term demand
Iron ore futures extended gains on Tuesday, supported by improving market sentiment and expectations of stronger near-term demand.
Prices were underpinned by the likelihood of...
