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Saturday, May 9, 2026

Middle East Steel News

Scrap import prices stable as cautious buying sentiment prevails

Turkey's import scrap prices remained stable this week, as firm supplier sentiment was offset by resistance from Turkish steel mills amid weak finished steel...

Ezz Flat Steel to modernize Ain Sokhna complex

Ezz Flat Steel (EFS) awarded Danieli a contract for the modernization of the Quality Strip Production (QSP) casting and rolling complex at its Ain...

SSP posts stable Q1 profit despite lower revenue

Saudi Steel Pipe Company (SSP), also known as TenarisSaudiSteelPipes, announced its financial results for the first quarter of 2026. The company's net sales revenue declined...

EMSTEEL signs strategic agreements at Make it in the Emirates 2026

EMSTEEL, one of the region's major steel and building materials producers, announced several agreements focused on decarbonization, digitalization, logistics, and industrial development during Make...

Al Gharbia Pipe partners with du to deploy AI solutions in manufacturing operations

Al Gharbia Pipe Company (AGPC), a UAE-based producer of longitudinally submerged arc welded (LSAW) steel pipes, partnered with telecom and digital services provider du...

Global Steel News

Iron ore slips on demand concerns

Iron ore futures edged lower on Friday as rising global supply and a slowing pace of restocking weighed on market sentiment. Higher iron ore shipments...

Crude steel output rises in April amid strong domestic demand

India's crude steel production increased by 5.8pct YoY to 14.09 mln tons in April 2026, supported by strong demand from the infrastructure, construction, and...

ArcelorMittal supplies low-carbon steel for Daimler Truck concept vehicle

ArcelorMittal is supplying low-carbon steel for Daimler Truck's "reECONIC" concept vehicle project, aimed at increasing the use of circular and recycled materials in commercial...

Ministry imposes anti-dumping duties on Chinese HRC imports

Australia's Minister for Industry, Innovation and Science accepted the Anti-Dumping Commission's final recommendations to impose anti-dumping duties ranging from 38.1pct to 79pct on HRC...

Iron ore extends gains on firm steel demand

Iron ore futures extended gains on Thursday, supported by firm near-term steel demand in China. Chinese steel mills continued to maintain production levels amid...
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