Middle East Steel News
Riyadh Steel’s net profit up sharply in H1 on higher prices
Saudi Arabian steel producer Riyadh Steel Co. reported a 145.8pct YoY increase in net profit to SAR 6.03 mln (USD 1.61 mln) in the...
SENAAT’s profit rises in H1 2026
Saudi Arabia's Advanced Building Industries Co. (SENAAT) reported a 45.7pct YoY increase in net profit to SAR 54.2 mln (USD 14.4 mln) in the...
EMSTEEL supplies steel, cement for Etihad Rail passenger project
UAE's EMSTEEL Group, one of the region's largest publicly traded steel and building materials manufacturers, has supplied locally manufactured rebar and more than 80,000...
SNS, Baowu explore low-carbon DRI and green steel project
Algeria's National Iron and Steel Company (SNS) and China's Baowu Group are exploring a strategic partnership to establish an integrated complex for the production...
HRC imports weaken in first half of 2026
Turkey's HRC imports declined 7.5pct YoY to 1.73 mln tons during the first half of 2026, according to data from the Turkish Statistical Institute...
Global Steel News
Iron ore futures lack direction amid mixed market signals
Iron ore futures edged lower on Thursday as the market remained rangebound, with weaker coking coal and coke prices offsetting near-term support.
Iron ore fundamentals...
AMNS, Coal India plan syngas utilization at Paradip pellet plant
ArcelorMittal Nippon Steel India (AMNS) and state-owned Coal India Ltd (CIL) have signed a non-binding memorandum of understanding (MoU) to explore the use of...
Vale, ABB partner to expand AI and automation in iron ore operations
Vale and ABB have signed a strategic alliance to expand the use of automation, artificial intelligence (AI) and digitalization across Vale's iron ore operations...
TMK develops weather-resistant coating for large-diameter pipes
Russian pipe producer TMK has developed a technology for applying weather-resistant coatings to large-diameter pipes, with the first industrial batch comprising around 500 tons...
Iron ore futures remain in tight range as weak steel demand weighs
Iron ore futures edged higher on Wednesday, holding near two-week highs as continued strength in coking coal and coke provided cost support, while weak...