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Thursday, May 7, 2026

Middle East Steel News

Kocaer Steel reports lower Q1 profit amid weaker exports

Turkish steel profile producer Kocaer Steel reported lower financial results for the first quarter of 2026, mainly due to weaker export sales and challenging...

KEZAD signs multiple industrial agreements at Make it in the Emirates 2026

Khalifa Economic Zones Abu Dhabi (KEZAD) signed several agreements with downstream industrial companies during Make it in the Emirates 2026, supporting industrial expansion and...

Trafigura, Egyptalum plan new aluminum smelter project

Global commodities trader Trafigura entered exclusive negotiations with Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding Company (MIH) to develop a new primary aluminum...

Tenaris sees temporary Middle East shipment disruption, expects recovery in H2 2026

Global pipe producer Tenaris expects lower shipments in the Middle East during the second quarter of 2026 due to disruptions linked to the Iran...

Kardemir lowers wire rod prices

Kardemir has reduced wire rod prices, according to its latest price list. The company is offering 5.5 mm SAE 1006 grade wire rod at USD...

Global Steel News

Iron ore extends gains on firm steel demand

Iron ore futures extended gains on Thursday, supported by firm near-term steel demand in China. Chinese steel mills continued to maintain production levels amid...

SSAB awards marine pipeline system contract for Lulea green steel project

Georg Fischer (GF), a Swiss industrial company specializing in piping systems and building flow solutions, announced that it will deliver a turnkey marine intake...

Thyssenkrupp Steel appoints Chief Sales Officer

Thyssenkrupp Steel's Supervisory Board has appointed Georgios Giovanakis as a member of the Executive Board of Thyssenkrupp Steel Europe AG, effective June 1, 2026....

Primetals develops new EAF solution targeting lower CAPEX

Primetals Technologies announced the launch of its new EAF Ultimate Move electric arc furnace solution, aimed at supporting cost-efficient electric steelmaking projects during the...

Iron ore futures rise post-holiday on firm demand, outlook remains mixed

Iron ore futures moved higher on Wednesday following the holiday break, supported by firm near-term demand, although longer-term concerns persist. Chinese steel mills continued restocking...
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