Middle East Steel News
ICDAS raises long steel prices on higher scrap costs
Major Turkish long steel producer ICDAS has increased its long steel prices by USD 5 per ton this week, supported by higher scrap costs.
ICDAS...
HRC prices rise on stronger market outlook
Turkish HRC prices increased this week, as an upward trend in scrap prices and limited supply pushed local HRC producers to raise prices.
Domestic HRC...
Mughal Steel profit rises in FY26
Mughal Iron & Steel Industries Limited (Mughal Steel) reported a net profit of PKR 2.49 bln (USD 9 mln) for the financial year ended...
Lamprell joins L&T consortium for major offshore EPCI project
Lamprell has been awarded a contract as part of a consortium with Larsen & Toubro (L&T) for a major offshore engineering, procurement, construction and...
Hadeed cuts scrap buying prices
Saudi Iron and Steel Company (Hadeed) has reduced its domestic scrap buying prices by SAR 70 (USD 19) per ton, effective September 11, amid...
Global Steel News
Iron ore futures remain subdued amid demand concerns
China's iron ore futures edged lower on Tuesday as weak steel demand, poor mill profitability and continued concerns over production cuts kept market sentiment...
AM/NS India expands galvanized steel portfolio amid rising demand
ArcelorMittal Nippon Steel India (AM/NS India) has launched AM/NS Pelican, a premium galvanized steel brand targeting growing demand from India's construction, infrastructure, manufacturing and...
POSCO agrees 10-year LNG supply deal with Santos
POSCO Steel Co., Ltd. has agreed key commercial terms with Australian energy company Santos for a 10-year supply of liquefied natural gas (LNG), strengthening...
Govt plans to acquire Speciality Steel UK
The UK government has announced plans to work towards the public acquisition of Speciality Steel UK (SSUK), following its decision that the proposed sale...
U.S. Steel Kosice moves ahead with major steel decarbonization investment
U.S. Steel Kosice (USSK) has approved an investment of approximately EUR 900 mln (USD 1.03 bln) in a new electric arc furnace (EAF) and...