Middle East Steel News
Scrap import prices hold steady as buyers stay cautious
Turkey's scrap import market remained broadly stable this week, although sentiment softened as mills largely stayed on the sidelines amid weak finished steel demand...
Middle East crude steel production jumps in Jan 2026
Crude steel production in the Middle East rose 12.6pct YoY to 12.6 mln tons in January 2026, according to data from the World Steel...
AGSI secures green financing from Emirates NBD to expand low-carbon steel output
Arabian Gulf Steel Industries (AGSI) has secured a green financing facility structured by Emirates NBD to support the expansion of its low-carbon steel production...
Mughal Steel moves closer to launch of captive power facility
Mughal Energy Limited, a wholly owned subsidiary of Mughal Iron & Steel Industries Limited, has reached a key milestone in the development of its...
HEISCO wins USD 568 mln contract from KOC
Kuwait-based Heavy Engineering Industries and Shipbuilding Company (HEISCO) has announced that it has been awarded a contract valued at KD 174.24 mln (USD 568...
Global Steel News
Iron ore edges higher as market weighs demand risks
Iron ore futures edged higher on Friday, supported by rising steel production and expectations of seasonal demand improvement, although gains remained limited amid concerns...
KSRTC to develop major vehicle scrapping facility in Kerala
Kerala State Road Transport Corporation (KSRTC) is setting up South India's largest registered vehicle scrapping facility (RVSF) at Edappal, in partnership with South India...
Voestalpine to upgrade strip cooling line at Linz hot strip mill
Voestalpine Stahl GmbH has selected Primetals Technologies to modernize the laminar strip cooling line at its 5-mln-ton-per-year hot strip mill in Linz. The project...
BlueScope rejects revised takeover offer from SGH-Steel Dynamics consortium
BlueScope Steel has responded to a revised takeover proposal from a consortium comprising SGH Limited and Steel Dynamics, reiterating that the offer does not...
Iron ore futures stay under pressure amid cautious demand outlook
Iron ore futures remained under pressure on Wednesday as the market stayed cautious over the near-term demand outlook.
Iron ore futures found some support from...
