Saturday, June 21, 2025
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    Middle East Steel News

    Scrap import market stagnant amid sluggish steel demand

    Turkey's scrap import prices held largely steady this week, as buying activity slowed significantly due to weak demand for finished steel. Current scrap import...

    Japanese steel firm exits Sulb JV in strategic retreat from Middle East

    Japanese steelmaker Yamato Kogyo Co., Ltd. has agreed to sell its 49pct stake in Bahraini steel producer Sulb to joint venture partner Foulath, a...

    Vallourec secures major OCTG supply contract for drilling projects in Qatar

    Vallourec, a global leader in premium seamless tubular solutions, has secured a significant contract to supply Oil Country Tubular Goods (OCTG) for drilling operations...

    Mughal Steel eyes growth with rolling mill upgrades and supportive fiscal policies

    Mughal Iron & Steel expects to complete the modernization of its re-rolling facility by Q1 2026, CEO Shakeel Ahmad announced at a conference hosted...

    CRC imports climb in Jan-Apr 2025

    Turkey imported 286,200 tons of CRC in the first four months of 2025, up 32pct YoY, according to data from the Turkish Statistical Institute...

    Global Steel News

    Iron ore futures lifted by steady steel output, but demand concerns linger

    Dalian iron ore futures rose on Friday, supported by steady steel production and resilient demand. However, the broader market outlook remains uncertain. Chinese blast furnace-based...

    Jingye Steel modernizes heavy plate mill at Yingkou plant

    Jingye Steel has completed a major automation upgrade for its five-meter heavy plate mill in Yingkou, Liaoning Province, with support from SMS group. Originally...

    ArcelorMittal halts DRI-EAF projects at Bremen and Eisenhuttenstadt sites

    ArcelorMittal Europe has officially withdrawn from its planned DRI and EAF investments at its Bremen and Eisenhuttenstadt sites, citing unfavorable market, energy, and policy...

    SSAB postpones new Lulea steel mill start-up by one year

    SSAB has begun preparatory work for its new, state-of-the-art steel mill in Lulea, intended to replace the current blast furnace-based production. However, the project...

    Iron ore futures edge higher, but demand concerns persist

    Iron ore futures posted modest gains on Thursday, supported by higher steel production. Although overall steel output has slowed, mills are still operating at...
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    New (Renewed) Steel Companies on MEsteel