Middle East Steel News
Scrap import prices remain under pressure on weak steel demand
Turkish imported scrap prices remained under pressure this week as weak finished steel demand, sluggish export sales and cautious mill buying continued to weigh...
Govt backs automotive equipment localization through Chinese investment
Egypt's Minister of Investment and Foreign Trade, Mohamed Farid Saleh, held talks with Chinese intelligent manufacturing company Jiangsu Changhong regarding plans to establish an...
Zenith Steel to establish steel tyre cord and bead wire plant in SCZone
China's Zenith Steel Group, a subsidiary of Zhongtian Group, has signed an agreement to establish a USD 300 mln tyre components manufacturing facility in...
Steel industry faces USD 3 bln export loss from EU quota cuts – CIB
Turkey's steel industry expects the European Union's revised steel safeguard measures to reduce the country's steel exports by around 3.5 mln tons, equivalent to...
Toscelik secures Botas steel pipe supply tender
Toscelik Spiral Boru has been selected as the winning bidder for Turkey's state-owned Petroleum Pipeline Transportation Inc. (Botas) tender to supply steel pipes for...
Global Steel News
Iron ore edges higher, weak fundamentals cap gains
Iron ore futures rose slightly on Friday, supported by expectations of tighter near-term supply, although weak steel demand and declining hot metal output continued...
Baosteel commissions new SBQ rolling line at Shanghai plant
Baoshan Iron & Steel (Baosteel) has successfully rolled the first bar at its new KOCKS RSB 370++/4 Reducing & Sizing Block, marking the commissioning...
JSW Steel reports higher crude steel production in Q1 FY2027
JSW Steel reported consolidated crude steel production of 6.59 mln tons in the first quarter of FY2027, up 3pct YoY and 2pct from the...
Hoa Phat boosts Q2 crude steel output, HRC sales surge
Vietnam's leading steelmaker Hoa Phat Group produced more than 3.6 mln tons of crude steel in the second quarter of 2026, up 48pct YoY...
Salzgitter acquires full ownership of HKM steelworks
Salzgitter AG has completed the acquisition of the remaining shares in Huttenwerke Krupp Mannesmann (HKM) from Thyssenkrupp Steel Europe and Vallourec, making the integrated...