Middle East Steel News
Scrap import prices edge higher on improved rebar demand
Turkey's imported scrap prices edged higher this week, rising to USD 355-360 per ton CFR from around USD 355 last week, supported by a...
EMSTEEL modernizes rebar mill with new Danieli twin channel system
EMSTEEL's rebar mill in Abu Dhabi has successfully completed the replacement of its entire twin channel system, originally supplied by Danieli in 2006. Danieli...
Ataqa’s profit falls sharply despite higher sales in Q3 2025
Misr National Steel (Ataqa) reported a net profit of EGP 78.98 mln (USD 1.65 mln) for Q3 2025, down from EGP 160.42 mln in...
Ajeej Steel renews banking facilities with Al Rajhi Bank
Saudi Arabia's National Building and Marketing Co. (NBM) announced that its subsidiary, Ajeej Steel Manufacturing Co., has renewed banking facilities worth SAR 127 mln...
Masdar awards EPC deal for Ibri III solar-plus-storage project
UAE-based renewable energy company Masdar announced that its consortium has awarded the Engineering, Procurement and Construction (EPC) contract for the Ibri III Independent Power...
Global Steel News
Iron ore dips as weak demand outlook keeps market cautious
Iron ore futures edged lower on Friday as market remained cautious amid an uncertain demand outlook.
Rising inventories at major Chinese ports and increasing global...
Salzgitter Group secures expanded approval for military-grade steel
The Salzgitter Group and its subsidiary Ilsenburger Grobblech GmbH have received expanded approval for their SECURE 500 steel grade from Germany's Bundeswehr Technical Center...
Konepeikko installs advanced torch-cutting machine to improve operational efficiency
Konepeikko Oy, a major Finnish recycling services provider, has installed a new state-of-the-art torch-cutting machine from Primetals Technologies at its facility near Ovako Imatra...
Global stainless steel output rises 3pct in Jan-Sep 2025 YoY
Global stainless steel production reached 48 mln tons in January-September 2025, up 3pct YoY, according to the World Stainless Association (Worldstainless). Output in Q3...
Iron ore futures rise but weak demand outlook keeps sentiment cautious
Iron ore futures gained on Thursday, supported by moderate steel demand and higher production levels, though the broader outlook remains bearish.
Market sources reported a...
