Middle East Steel News
Erdemir H1 profit surges on higher output and sales
Turkish integrated steel producer Erdemir Group reported a sharp increase in profitability during the first half of 2026, supported by higher production, stronger sales...
Maadaniyah narrows loss in H1 2026
Saudi Arabia's National Metal Manufacturing and Casting Co. (Maadaniyah) reported lower revenue but reduced net losses in the first half of 2026, supported by...
FF Steel launches IPO process
Pakistan's Frontier Foundry Steel Limited (FF Steel) has formally launched its Initial Public Offering (IPO) process, marking the company's planned debut on the Pakistan...
UAE-EAEU free trade agreement to take effect in October
The United Arab Emirates and the Eurasian Economic Union (EAEU) will implement their Free Trade Agreement (FTA) on October 6, 2026, following the completion...
Scrap import prices remain firm amid weaker buying sentiment
Turkey's imported scrap prices remained largely stable this week, with tight supply and high freight costs supporting the market despite cautious buying from Turkish...
Global Steel News
Iron ore futures ease as market awaits stronger catalysts
Iron ore futures edged lower on Monday, with the market consolidating after last week's recovery as stable global supply and subdued steel demand outweighed...
NMDC cuts domestic iron ore prices
India's National Mineral Development Corporation (NMDC) has reduced its domestic iron ore prices by INR 200 (USD 2.1) per ton, effective August 8.
Following the...
CSC keeps flat steel prices unchanged for September
Taiwan's China Steel Corporation (CSC) has left domestic prices for all steel products unchanged for September 2026 deliveries, citing signs of stabilization in international...
Nippon Steel commissions new hot strip mill at Nagoya Works
Japan's Nippon Steel has commissioned a new hot strip mill at its Nagoya Works, significantly strengthening its production capability for advanced flat steel products,...
Govt plans to boost local automotive steel supply
Egypt is seeking to increase the use of locally produced steel in its automotive industry as part of wider plans to deepen vehicle manufacturing...