Middle East Steel News
Scrap import prices steady as mills maintain cautious buying
Turkish imported scrap prices remained broadly stable this week as steel mills continued to purchase only limited volumes amid subdued finished steel demand and...
Danieli named as supplier for Al Yamamah Steel billet project
Al Yamamah Steel Industries has identified Italy's Danieli as the supplier of billet production equipment for its planned billet manufacturing project, updating an earlier...
EBS wins PEB contract for float glass factory project
UAE's Emirates Building Systems (EBS) has secured a contract to deliver the structural steel works for a fast-track float glass factory project in the...
Drydocks World completes major ship recycling project in Dubai
Drydocks World has completed the recycling of an Aframax tanker at its Dubai facility, recovering more than 20,000 tons of steel, machinery and other...
ADIA acquires stake in Indian steel distributor SG Mart
The Abu Dhabi Investment Authority (ADIA) has acquired a 0.89pct stake in Indian building materials and steel distributor SG Mart Ltd., purchasing 1.123 mln...
Global Steel News
Iron ore holds firm as supply risks offset weak steel demand
Iron ore futures edged higher on Friday as tighter port supplies and continued inventory drawdowns in China lent support to the market, although weak...
JSW Steel reports record Q1 FY27 sales, higher profit
India's JSW Steel reported higher revenue and profit for the first quarter of fiscal year 2026-27, supported by record first-quarter steel sales, improved realizations...
Hyundai Steel commissions robotic wire rod coil trimming system
Hyundai Steel has commissioned the first foundry-rated robotic wire rod coil trimming and sampling system at its Dangjin wire rod mill in South Korea...
BSRM plans country’s first integrated flat steel plant
Bangladesh's largest steelmaker BSRM plans to invest around BDT 100 bln (USD 810 mln) to build the country's first integrated hot-rolled flat steel plant...
Iron ore steadies as resilient steel output offsets bearish outlook
Iron ore futures were little changed on Thursday as resilient Chinese steel production and a weekly drawdown in port-side inventories helped offset concerns over...