Middle East Steel News
Scrap import prices decline further amid weak demand and cautious buying
Turkish imported scrap prices continued to decline this week as weak finished steel demand, falling rebar prices and limited booking activity kept pressure on...
Al Yamamah Steel advances billet project through subsidiary investment
Saudi Arabia's Al Yamamah Steel Industries Company has confirmed it will invest SAR 75.6 mln (USD 20.15 mln) in the capital increase of its...
Govt imposes four-month ban on steel scrap exports, includes copper and aluminum
The UAE has introduced a temporary four-month ban on exports of steel scrap, alongside selected non-ferrous scrap, to secure domestic raw material availability.
Under Customs...
Kardemir lowers domestic rebar prices in latest sales round
Turkish steel producer Kardemir has reduced domestic rebar prices in its latest sales round.
The company is offering 12-32 mm rebar at TRY 26,675 (USD...
Kardemir reduces semis, increases finished steel allocations for Q3
Turkish steel producer Kardemir has announced its planned sales volumes for Q3 2026, increasing the share of finished steel products while reducing semi-finished steel...
Global Steel News
Iron ore rises as near-term support offsets supply concerns
Iron ore futures edged higher on Friday after reversing earlier losses, supported by resilient Chinese steel output, although the medium-term outlook remained bearish.
Data from...
RHI Magnesita forms JV with Khemka Refractories for Odisha recycling facility
India's RHI Magnesita India has approved the formation of a joint venture with Khemka Refractories Private Limited to establish a greenfield refractory recycling facility...
Ministry imposes AD tariffs on Japanese, Chinese HRC imports
South Korea has imposed definitive anti-dumping duties on imports of hot rolled carbon steel and alloy steel flat products originating from Japan and China,...
Govt cuts steel import quotas by 51pct, raises tariff to 50pct
The UK government has finalized a new steel trade measure that will take effect on July 1, 2026, replacing the existing steel safeguard regime...
ArcelorMittal supplies XCarb steel to Tubao for low-carbon hydraulic solutions
French water infrastructure specialist Tubao has begun using ArcelorMittal's XCarb recycled and renewably produced steel in its hot-dip galvanized metallic tubes, supporting efforts to...