Middle East Steel News
GCC billet market faces supply constraints as vessel delays disrupt deliveries
GCC rebar mills continue to face limited billet availability as vessel delays complicate deliveries into key markets. MESTEEL's August assessment puts UAE billet at...
Emirates Steel keeps September rebar prices unchanged
UAE's Emirates Steel, part of EMSTEEL Group, has kept its rebar prices unchanged for September production.
The company maintained its price for 12-32 mm rebar...
Kardemir Celik H1 profit pressured by higher costs
Turkey's Kardemir Celik Sanayi reported a 26.3pct YoY increase in sales revenue to TRY 13.92 bln (USD 290 mln) in the first half of...
Al Yamamah Steel secures financing for billet plant
Saudi Arabia's Al Yamamah Steel Industries is advancing its planned billet production project after its subsidiary, Al Yamamah Company for Reinforcing Steel Bars, signed...
Ajeej Steel secures USD 20 mln working capital facility
Saudi Arabia's Ajeej Steel Manufacturing Co., a subsidiary of National Building & Marketing Co., has signed a five-month Sharia-compliant banking facility worth SAR 75...
Global Steel News
Iron ore futures retreat as demand recovery remains uncertain
China's iron ore futures edged lower on Tuesday as firm cost support failed to offset weaker iron ore fundamentals and cautious buying from steel...
Finished steel consumption gains momentum in Apr-Jul
India's finished steel production increased 4.7pct YoY to 54.7 mln tons during April-July 2026, according to Ministry of Steel data.
Finished steel consumption rose 7.9pct...
JSW Steel to add galvanized steel capacity at Karnataka plant
India's JSW Steel has selected Austria-based Andritz to supply a continuous galvanizing line at its Toranagallu steel plant in Karnataka, strengthening its capacity to...
Trump to impose 50pct tariff on Canadian steel, autos
US President Donald Trump said the United States will impose a 50pct tariff on Canadian steel, automobiles and automotive parts from January 1, 2027,...
Tata Steel’s Llanwern scales back galvanized steel production as Asian imports rise
Tata Steel's Llanwern galvanizing plant in South Wales is operating at around half capacity as increased availability of duty-free Asian steel weighs on orders...