Middle East Steel News
Scrap import prices hold steady amid cautious sentiment
Turkey's imported scrap prices remained largely stable this week, as steel mills continued cautious procurement amid weak finished steel demand and squeezed margins. HMS...
ISL, Aisha Steel raise flat steel prices
Pakistan's flat steel producers International Steels Limited (ISL) and Aisha Steel increased domestic prices for cold-rolled and galvanized steel products by PKR 5,000 (USD...
East Pipes reports record FY26 earnings
Saudi Arabia's based East Pipes Integrated Company for Industry (East Pipes) reported record financial results for the fiscal year ended March 31, 2026, supported...
Molan Steel secures interest-free shareholder loan
Saudi Arabia's Molan Steel Co. signed an agreement to obtain an interest-free loan worth SAR 15 mln (USD 4 mln) from its major shareholder,...
Metal Park, Sdeira sign MoU for workforce accommodation project in KEZAD
Abu Dhabi-based Metal Park signed a memorandum of understanding (MoU) with Sdeira Group to jointly develop a workforce accommodation community in KEZAD Al Mamourah...
Global Steel News
Iron ore market pressured by high inventories
Iron ore futures declined on Friday, pressured by high port-side inventories in China and concerns over the steel demand outlook, although relatively firm steel...
CSC raises domestic steel prices for June shipments
Taiwan's China Steel Corporation (CSC) announced increases in domestic steel prices for June 2026 shipments, citing higher raw material costs, rising international steel prices,...
ArcelorMittal restarts galvanizing line in Flemalle
ArcelorMittal Belgium restarted its Galva 5 hot-dip galvanizing line in Flemalle after four years of inactivity, expanding the company's metallic-coated steel production capabilities in...
Euroacciai to modernize slitter cutting line
Italy-based Euroacciai selected AIC Group to modernize and automate its slitter cutting line through a complete upgrade of the plant's control and automation systems.
The...
Iron ore futures close flat amid balanced market sentiment
Dalian iron ore futures closed largely unchanged on Thursday, as firm near-term steel demand offset pressure from high port-side iron ore inventories and concerns...
