Middle East Steel News
GCC billet imports from China rise 24pct YoY in Jan-Apr 2026
Chinese exports of steel billets to GCC countries increased during the first four months of 2026, supported by stronger demand from regional buyers, customs...
El-Gharably commissions steel structures complex in Alexandria
Egyptian Prime Minister Mostafa Madbouly inaugurated the first phase of the El-Gharably Industrial Complex for integrated engineering and steel structures in New Borg El-Arab...
ICON’s Q1 earnings increase on higher revenues
Egypt's Industrial Engineering Company for Construction and Development (ICON) reported a 47pct YoY increase in consolidated net profit attributable to the parent company during...
Scrap import prices weaken amid sluggish steel demand
Turkey's imported scrap prices weakened this week as steel mills continued to limit purchases due to weak finished steel demand. HMS 1&2 (80:20) import...
Rebar exports rise in January-April
Turkey's rebar exports increased by 8pct YoY to around 1.49 mln tons in the January-April period, according to data from the Turkish Statistical Institute...
Global Steel News
Iron ore under pressure from weak demand, high supply
Iron ore futures moved lower on Monday as concerns over slowing steel demand and high supply levels continued to weigh on market sentiment.
Analysts noted...
Angang starts production at new galvanizing line at Guangzhou site
Angang Guangzhou Automotive Steel has successfully produced the first coil at its new hot-dip galvanizing line (CGL No. 2), supplied by SMS group, achieving...
Steel imports rise sharply during April-May – report
India remained a net importer of finished steel during the first two months of fiscal year 2026/27, with imports rising faster than exports, according...
Fire damages pickle line at Tata Steel’s Port Talbot works
A fire at Tata Steel's Port Talbot steelworks in Wales has damaged a pickle line and disrupted downstream operations, prompting the company to activate...
EU approves new steel import regime from July
The European Council has adopted new rules to protect the EU steel market from the effects of global steel overcapacity, replacing the current steel...