Middle East Steel News
Scrap import prices firm but weak steel demand tempers sentiment
Turkey's imported scrap prices inched higher this week to USD 345-355 per ton CFR, compared with USD 345-350 per ton last week, as mills...
CRC imports up in 8M 2025 but momentum weakens in Aug
Turkey imported 713,700 tons of CRC in the first eight months of 2025, marking a 42pct YoY increase, according to data from the Turkish...
Steel demand forecast lifted to 24 mln tons by 2035 – NIDC
Domestic steel demand is now projected to reach 24 mln tons by 2035, up from an earlier estimate of 17 mln tons, driven by...
PACRA maintains Mughal Steel ratings with positive outlook on cost efficiency
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Mughal Iron & Steel Industries Limited (Mughal Steel), citing the company's...
Billet imports climb in Jan-Aug 2025
Turkey imported 2.9 mln tons of billets in the first eight months of 2025, a 58pct YoY increase, according to data from the Turkish...
Global Steel News
Iron ore futures ease as weak demand weigh on sentiment
Iron ore futures edged lower on Friday, pressured by weak demand fundamentals that continue to weigh on market sentiment.
Both raw material and steel futures...
HBIS Tangsteel commissions world’s largest push-pull pickling line at Laoting plant
HBIS Tangsteel has commissioned the world's largest push-pull pickling line (PPPL) at its Laoting steel plant in Hebei province, with Primetals Technologies receiving the...
JSW Steel reports sharp profit rise in Q2 FY26 on lower costs
JSW Steel Limited, one of India's largest steelmakers, reported a sharp rise in consolidated net profit to INR 1,646 crore (USD 186.9 mln) for...
Salzgitter modernizes hot strip mill with advanced automation
Salzgitter Flachstahl GmbH has completed a major modernization of its seven-stand hot strip mill with SMS group, marking a key milestone in a long-standing...
Iron ore futures continue downward trend as steel demand falters
Iron ore futures fell again on Thursday as concerns over subdued demand continued to weigh on market sentiment. The commodity is under pressure from...
New (Renewed) Steel Companies on MEsteel
