Middle East Steel News
Scrap import prices firm on tighter supply, cautious buying
Turkey's imported scrap prices remained firm this week, supported by tighter European scrap availability and higher freight costs. Buying activity, however, slowed after producers...
EMSTEEL reports stronger H1 earnings on improved steel profitability
UAE's EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, reported significantly stronger second-quarter financial results, supported by...
Jindal Steel commissions automated rebar counting systems at Sohar plants
Jindal Steel Oman has commissioned online automatic rebar counting and separation systems at its Jindal Steel Sohar and Sohar Steel rolling mills as part...
Vallourec sees Middle East sales rise 18pct despite regional conflict
French seamless steel tube producer Vallourec reported an 18pct YoY increase in Middle East revenue during the first half of 2026, as resilient oil...
Kardemir achieves strong billet sales in latest round
Turkish steelmaker Kardemir has secured strong order volumes in its latest billet sales round, supported by tighter regional supply and firmer raw material costs.
The...
Global Steel News
Iron ore futures remain under pressure as weak PMI weighs on sentiment
Iron ore futures extended losses on Friday, hovering near one-year lows after weaker-than-expected Chinese manufacturing data reinforced concerns over slowing steel demand, while rising...
Tata Steel reports higher Q1 earnings on strong domestic performance
Tata Steel reported stronger financial results for the quarter ended June 30, 2026, as robust performance from its domestic operations offset continued weakness in...
Nucor Steel Decatur awards thin slab caster upgrade contract
US steelmaker Nucor Corporation has awarded Primetals Technologies a contract to modernize the continuous thin slab caster at its Nucor Steel Decatur flat steel...
Fortescue posts record iron ore shipments in FY26
Fortescue reported record iron ore shipments for the financial year ended June 30, 2026, supported by strong operational performance across its mining, rail and...
Iron ore futures hit one-year low on mounting supply, weak steel demand
Iron ore futures extended losses on Thursday, falling to their lowest level since early July 2025 as rising port arrivals, mounting inventories and weak...