Middle East Steel News
Scrap import prices steady as supply tightness offsets weak steel demand
Turkey's imported scrap market remained firm but largely sideways this week, with prices assessed unchanged at USD 370-375 per ton CFR, as tight supply...
Emirates Steel keeps rebar prices unchanged for February
Emirates Steel, a subsidiary of EMSTEEL Group, has kept its rebar prices unchanged for February production.
The company maintained its rebar price at AED 2,648...
US imposes countervailing duty on Egyptian rebar imports
The U.S. Department of Commerce has decided to impose a 29.51pct countervailing duty (CVD) on imports of steel reinforcing bars (rebar) from Egypt, citing...
Indian group to build ferro-alloys plant in SCZONE
India's Jai Dadi Group plans to invest USD 16 mln to develop a ferro-alloys project in East Ismailia, Sinai, within the Suez Canal Economic...
PSM revival project targets 2027 start for construction
Pakistan and Russia are targeting 2027 to begin construction under the Pakistan Steel Mills (PSM) revival and expansion project.
The update was shared during a...
Global Steel News
Iron ore futures rise on pre-holiday restocking, gains capped by supply pressure
Iron ore futures rose on Friday, supported by pre-holiday restocking by Chinese steel mills, although concerns over rising supply are expected to limit further...
SMS group opens new production facility in Sanand
Global metals engineering group, SMS group has inaugurated a new production facility in Sanand, marking a key step in its international expansion and reinforcing...
SSAB, Rheinmetall sign LoI for fossil-free steel supply
SSAB has signed a letter of intent with Rheinmetall for the supply of fossil-free steel, marking the first time a defence equipment manufacturer has...
Cogne Group orders new forging line for SMP’s Sheffield plant
Cogne Group has signed a contract with Danieli Breda for the supply of a 70-MN forging line to be installed at Special Melted Products...
Iron ore futures edge up on stimulus support, gains capped by rising supply
Iron ore futures inched higher on Thursday, supported by China's latest fiscal stimulus measures, although gains remained limited amid continued concerns over rising supply.
Iron...
