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Wednesday, August 5, 2026

Middle East Steel News

GAFT imposes definitive AD duties on Indian ductile iron pipes

Saudi Arabia's General Authority for Foreign Trade (GAFT) has imposed definitive anti-dumping duties on ductile iron pipe imports from India, concluding an investigation launched...

Scrap imports rise in H1 2026

Turkey imported 9.7 mln tons of ferrous scrap in the first half of 2026, up 3.2pct YoY, according to data from the Turkish Statistical...

RHI Magnesita considers refractory production project in Egypt

Austria-based RHI Magnesita is considering establishing an integrated refractory production facility to serve Egypt's heavy industries and potentially supply other Middle Eastern markets, according...

Amana and MBRHE sign cooperation agreement for housing projects

UAE's Amana Contracting and Steel Buildings has signed a memorandum of understanding with the Mohammed Bin Rashid Housing Establishment (MBRHE) to strengthen cooperation on...

Watani Steel posts sharp rise in H1 profit on stronger sales

Saudi Arabia's Watani Iron Steel Co. (Watani Steel) reported a sharp increase in profitability for the first half of 2026, supported by higher sales...

Global Steel News

Iron ore futures recover but demand concerns persist

Iron ore futures recovered on Wednesday after falling to one-year lows earlier this week, supported by relatively stable demand. However, weak seasonal steel demand...

Govt imposes provisional AD tariffs on galvanized steel imports from China and South Korea

Japan has decided to impose provisional anti-dumping duties on imports of hot-dipped galvanized steel coil, sheet and strip from China and South Korea following...

Pomina Steel advances flat steel expansion project

Vietnam's Pomina Steel has signed a memorandum of understanding with Hoa Binh Construction Group for the development of the second phase of its steel...

MMK-METIZ launches new galvanized wire for gabion structures

Russia's MMK-METIZ, part of MMK Group, has started production of a new type of galvanized wire for gabion structures, expanding its range of special-purpose...

Iron ore futures stay subdued as supply pressure persists

Iron ore futures remained near one-year lows on Tuesday, with losses moderating as a slight recovery in demand provided some support, although ample supply,...