Middle East Steel News
Kardemir lowers rebar prices in latest sales round
Turkish steel producer, Kardemir has reduced rebar prices in its latest sales round.
The company set prices for 12-32 mm rebar at TRY 26,815 (USD...
Molan Steel losses widen in 2025 on weak liquidity
Saudi Arabia-based Molan Steel Company reported lower revenue and wider losses for the year ended 31 December 2025, according to a filing on the...
Diriyah awards museum construction contract to Hassan Allam-AlBawani JV
Saudi Arabia's Diriyah Company has awarded a contract valued at around USD 490 mln for the construction of the Saudi Arabia Museum of Contemporary...
Borusan Pipe secures USD 100 mln pipe orders in US
Turkey-based Borusan Pipe said its US subsidiary Borusan Berg Pipe has secured around USD 100 mln in sales orders in the United States, according...
Suez Steel achieves certification for rail manufacturing
Egypt-based Suez Steel has obtained certification from TUV Rheinland for the production and marketing of railway rails, marking a first for the country's steel...
Global Steel News
Iron ore futures rise but supply pressures limit upside
Iron ore futures increased on Wednesday, supported by firm steel demand and cost pressures, although concerns over slowing steel production growth and rising supply...
Govt signs FTA with New Zealand, steel sector to benefit
India and New Zealand have signed a free trade agreement (FTA), reducing tariffs on a wide range of goods, including iron, steel and raw...
Electra, POSCO partner on clean iron technology development
US-based Electra has signed a joint development agreement with POSCO to advance and scale clean iron production technologies, alongside an investment from POSCO Investment.
The...
ArcelorMittal Eisenhuttenstadt upgrades BOF converter
Germany-based ArcelorMittal Eisenhuttenstadt, part of ArcelorMittal, has completed the replacement and commissioning of a new suspension system for its 255-ton LD converter (BOF) No.2...
Saarstahl Ascoval signs long-term steel supply deal with Mannesmann Precision Tubes
France-based Saarstahl Ascoval, part of the Saarstahl Group, has entered into a long-term partnership with Mannesmann Precision Tubes to supply semi-finished steel for tube...
