Middle East Steel News
Kardemir returns to profit in Q1 2026
Turkish steel producer Kardemir reported a net profit of TRY 24.5 mln (USD 0.54 mln) in the first quarter of 2026, compared with a...
Billet imports rise sharply in Q1 2026
Turkey's billet imports increased sharply in the first quarter of 2026, according to data from the Turkish Statistical Institute (TUIK).
The country imported around 1.27...
Nikel Paslanmaz to invest USD 154 mln in stainless steel expansion
Turkish stainless steel service center Nikel Paslanmaz announced plans to invest around USD 154 mln in new projects as the company targets 30pct growth...
Ministry recommends definitive AD tariffs on Egyptian cold rolled steel imports
Morocco's Ministry of Industry and Trade has recommended the imposition of definitive antidumping duties on imports of cold rolled steel sheets originating from Egypt...
Jindal Steel signs investment agreement with Madayn for integrated steel project
Jindal Steel has signed an investment agreement with Suhar Industrial City in Oman to develop an integrated iron and steel project with an estimated...
Global Steel News
Iron ore futures down amid rising supply
Iron ore futures remained under pressure on Monday amid continued uncertainty surrounding China's steel demand outlook and rising supply pressure from major miners.
Market sentiment...
NMDC Steel achieves full-capacity production at integrated steel plant
NMDC Steel Limited has achieved its highest-ever monthly production, reaching 100pct of rated capacity at its integrated steel plant, marking a significant milestone in...
SSAB to invest in new quenching line at Oxelosund plant
Swedish steelmaker SSAB has decided to invest SEK 3.3 bln (USD 349 mln) in a new quenching and tempering (Q&T) line at its Oxelosund...
Iron ore market pressured by high inventories
Iron ore futures declined on Friday, pressured by high port-side inventories in China and concerns over the steel demand outlook, although relatively firm steel...
CSC raises domestic steel prices for June shipments
Taiwan's China Steel Corporation (CSC) announced increases in domestic steel prices for June 2026 shipments, citing higher raw material costs, rising international steel prices,...
