Middle East Steel News
Middle East logistics disruptions reshape China-GCC steel trade in H1 2026
Chinese steel exports to GCC countries declined by 18pct YoY to 4.54 mln tons during the first half of 2026 from 5.54 mln tons...
Izmir Demir Celik narrows net loss in H1
Turkey's Izmir Demir Celik reported a consolidated net loss of TRY 529.4 mln (USD 11.1 mln) in January-June 2026, narrowing from TRY 949.3 mln...
MAN Industries added to QatarEnergy preferred manufacturers list
India's MAN Industries (India) has been included in QatarEnergy's Preferred Manufacturers List (PML) for carbon steel LSAW pipes, coating and bends, making the company...
Kardemir returns to profit in H1 2026
Turkey's Kardemir posted a consolidated net profit of TRY 5.98 bln (USD 124.7 mln) in January-June 2026, compared with a net loss of TRY...
Qatar Steel profit rises in H1 on higher prices and lower costs
Qatar Steel, the steel subsidiary of Industries Qatar, reported a 39pct YoY increase in net profit to QAR 367 mln (USD 100.8 mln) in...
Global Steel News
Iron ore futures post gains supported by coke and coking coal rally
Iron ore futures edged higher on Wednesday, supported by firmer coking coal and coke prices, although tight steel mill margins and weak underlying demand...
Steelmakers look to diversify coking coal supplies amid rising costs
Indian steelmakers are seeking to diversify coking coal supplies as higher prices and disruptions in major producing regions increase steelmaking costs, Reuters reported.
India imports...
Tokyo Steel keeps September prices unchanged
Japan's leading electric arc furnace (EAF) steelmaker Tokyo Steel will keep prices for all steel products unchanged for September sales, citing improving domestic market...
Fortescue produces first hot metal at Green Metal Project
Australia's Fortescue has produced its first hot metal at the USD 50 mln Green Metal Project at Christmas Creek in Western Australia, marking the...
Iron ore futures recover despite weak steel demand
Iron ore futures rebounded on Tuesday, supported by supply concerns and renewed expectations of further stimulus from Beijing, although weak downstream steel demand remained...