Middle East Steel News
Middle East steel production continues to decline in June
Crude steel production in the Middle East declined by 13.4pct YoY to 4.0 mln tons in June 2026, according to data from the World...
SSP, APC secure Aramco pipe supply contracts
Saudi Aramco has awarded steel pipe supply contracts worth a combined SAR 160.7 mln (USD 42.8 mln) to domestic manufacturers Saudi Steel Pipe Co....
East Pipes posts strong Q1 profit growth on higher pipe sales
Saudi Arabia's East Pipes Integrated Company for Industry (East Pipes) reported strong financial results for the first quarter of fiscal year 2026/27 ended June...
Kardemir Celik launches USD 95 mln IPO to strengthen working capital
Turkish long steel producer Kardemir Celik Sanayi AŞ has launched an initial public offering (IPO) valued at TRY 4.48 bln (USD 94.9 mln), with...
Kardemir raises domestic rebar prices
Turkish steelmaker Kardemir has increased domestic rebar prices in its latest sales round.
The producer is offering 12-32 mm rebar at TRY 27,295 (USD 578)...
Global Steel News
Iron ore posts gains despite lingering demand concerns
Iron ore futures posted gains on Thursday as expectations of additional Chinese policy support ahead of next week's Politburo meeting lifted market sentiment, while...
SAIL approves Bhilai steel plant expansion project
State-owned Steel Authority of India Ltd (SAIL) has approved, in principle, the expansion of its flagship Bhilai Steel Plant in Chhattisgarh, increasing crude steel...
Liberty Galati restarts rolling operations under tolling agreements
Romania's Liberty Galati has begun a partial restart of operations after securing tolling agreements with commodities trader Glencore and Turkish steel service center Kaiseri...
ArcelorMittal, Moeve sign record energy savings deal for Gijon decarbonization
ArcelorMittal has signed an agreement with Spanish energy company Moeve to acquire Energy Savings Certificates (CAEs) covering 2.1 TWh of annual energy savings, marking...
Iron ore slips on rising supply expectations, weaker demand outlook
Iron ore futures weakened on Wednesday as expectations of rising global supply continued to pressure the market, while increased blast furnace maintenance at Chinese...