Middle East Steel News
US-Iran MoU boosts sentiment, but GCC steel sector faces slow path to normalization
The signing of a memorandum of understanding (MoU) between the United States and Iran has improved sentiment across the Gulf steel market, raising hopes...
CIM Steel begins production at Umm Al Quwain cold rolling complex
UAE-based CIM Steel Industry LLC has announced the launch of production of its first pickled coil and cold rolled full hard (CRFH) coil at...
Meranti appoints Bedeschi for material handling systems at Duqm HBI project
Meranti Green Steel has selected Italy-based Bedeschi to supply material handling systems for its planned direct reduced iron (DRI) and hot briquetted iron (HBI)...
AGIS partners with Metal Park to strengthen steel supply chain
UAE-based flat steel producer Al Ghurair Iron & Steel (AGIS) has partnered with Metal Park to enhance logistics, warehousing and fulfillment services across the...
HRC exports decline in Jan-April 2026
Turkey exported 819,300 tons of HRC during the first four months of 2026, down more than 18pct YoY, according to data from the Turkish...
Global Steel News
Iron ore futures decline as easing Gulf tensions reduce cost support
Iron ore futures declined on Thursday as falling oil prices after the memorandum of understanding between the United States and Iran, coupled with concerns...
LME and SHFE to launch Shanghai HRC futures contract
The London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) have signed an agreement to launch a new steel futures contract that will...
POSCO commissions country’s largest electric arc furnace
POSCO has commissioned South Korea's largest electric arc furnace (EAF) at its Gwangyang Steelworks, strengthening the company's low-carbon steelmaking capacity and supporting its long-term...
EU steelmakers call for ETS reform to protect industry’s competitiveness
ArcelorMittal Europe, Thyssenkrupp Steel and Voestalpine have jointly called for urgent reforms to the European Union's Emissions Trading System (ETS), warning that the current...
Iron ore extends decline amid oversupply concerns and weak steel consumption
Iron ore futures continued to decline on Wednesday as rising supply, weakening steel demand and deteriorating mill margins weighed on market sentiment.
Market insiders said...