Middle East Steel News
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...
Meranti Green Steel partners with Marafiq on desalination plant for Duqm project
Meranti Green Steel has signed heads of terms with Marafiq-CUC for the supply of industrial water to its planned DRI/HBI plant in Duqm, Oman.
Under...
Nippon Steel sees lower steel exports to Middle East on regional disruption
Nippon Steel expects the ongoing Middle East situation to reduce its steel export volumes to the region and raise logistics and raw material costs...
Steel sector sees stronger exports and production in H1 – TCUD
Turkey's steel product exports increased in the first half of 2026, supported by stronger shipments to markets including the Middle East, South America and...
Govt introduces electricity-linked sales tax mechanism for steel sector
The Pakistani government has introduced a new mechanism for collecting sales tax from electricity-based steel melters, re-rollers and composite units, linking tax payments directly...
Global Steel News
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,...
JFE Steel produces first DRI using green hydrogen
JFE Steel has successfully produced DRI using green hydrogen at its East Japan Works in Chiba, marking the first such trial in Japan as...
Nemo Industries selects ENERGIRON technology for Louisiana DRI project
Nemo Industries has selected Tenova's ENERGIRON technology for a new direct reduction plant in Louisiana, US, as part of its planned Ironworks I pig...
Salzgitter divests machinery business as part of portfolio restructuring
Salzgitter Group has agreed to sell Klockner DESMA Elastomertechnik GmbH to German-French industrial group NAME & MAWI Partners (NMP) as part of its ongoing...
Trasteel completes energy efficiency upgrade at Profilmec tube plant
Trasteel has completed an energy efficiency and digitalization upgrade at its subsidiary Profilmec Group's steel tube and profiles plant in Cuneo, Italy, as part...