Middle East Steel News
Kardemir raises billet allocation, cuts long products for Q1 2026
Turkish steel producer, Kardemir has announced its sales allocation plan for the first quarter of 2026, increasing billet volumes while reducing allocations for rebar,...
Ministry sets definitive AD tariff on Chinese CR stainless steel imports
Turkey's Ministry of Trade has decided to apply a uniform definitive anti-dumping duty of 3.95pct on imports of cold-rolled stainless steel flat products of...
Watani Steel renews credit facility with Bank Albilad
Watani Iron Steel Co. (Watani Steel) has renewed Sharia-compliant credit facilities worth SAR 70.5 mln (USD 18.8 mln) with Bank Albilad, according to a...
Steelmakers urge safeguards on duty-free Chinese imports via Sost
Major Pakistani steel producers have urged the Federal Board of Revenue (FBR) to introduce safeguards on duty- and tax-free Chinese imports cleared through the...
Hadeed lifts rebar prices for January sales, wire rod unchanged
Saudi Iron and Steel Company (Hadeed) has increased its rebar prices for January production while leaving wire rod prices unchanged, the company said.
The company's...
Global Steel News
Iron ore futures slip as weak fundamentals offset near-term optimism
Iron ore futures declined on Tuesday as the market remained caught between weak current fundamentals and short-term optimistic expectations, keeping sentiment mixed.
Market participants said...
Steelmakers face cost pressure from low ash metallurgical coke import limits – report
Restrictions on imports of low ash metallurgical coke, a critical input accounting for 35-40pct of steel production costs, are pushing up steel prices in...
Thyssenkrupp Steel, TSR Group sign long-term recycled raw material supply deal
Thyssenkrupp Steel has signed a long-term supply agreement with ferrous and non-ferrous metal recycler TSR Group for the delivery of TSR40, an innovative recycled...
Tata Steel IJmuiden faces collective lawsuit over emissions
Tata Steel Nederland BV is facing a potential collective lawsuit after Dutch NGO Stichting Frisse Wind filed a claim seeking around USD 1.6 bln...
Iron ore futures surge on Beijing’s proactive fiscal policy signals
Iron ore futures surged on Monday, driven by improved sentiment after Beijing signaled a more proactive fiscal policy stance for 2026.
China will adopt a...
