Middle East Steel News
Kardemir lowers wire rod offers
Turkish steel producer Kardemir has lowered domestic wire rod prices amid continued pressure on long steel markets.
According to the company's latest price list, 5.5...
Kardemir signs rail products distribution agreement with Amsted Rail
Turkish steelmaker Kardemir has signed a master supply and resale agreement with U.S.-based Amsted Rail, establishing a strategic partnership for the global marketing and...
EMSTEEL expands ES600 rebar deliveries across major construction projects
UAE-based EMSTEEL Group has supplied 3,000 tons of its high-strength ES600 rebar for the Sobha Hartland 2 residential development in Dubai, further expanding the...
Man Industries secures pipe orders in Kingdom
India's pipe manufacturer Man Industries and its Saudi Arabian subsidiary National Pipe Company (NPC) have secured new pipe supply orders worth a combined INR...
Jindal Saw explores steel pipe manufacturing investment in Algeria
India's Jindal Saw Ltd is exploring plans to establish a steel pipe manufacturing facility in Algeria, according to the Algerian Investment Promotion Agency (AAPI).
The...
Global Steel News
Iron ore recovers on restocking, but outlook remains weak
Iron ore futures rebounded on Wednesday, supported by short-term restocking activity by Chinese steel mills following recent price declines, although the broader market outlook...
Hoa Phat starts up new slab casting and hot rolling complex
Vietnamese steel producer Hoa Phat Dung Quat Steel has successfully commissioned a new slab casting and hot strip mill complex at its Dung Quat...
Tenaris to invest over USD 90 mln in Pennsylvania operations
Tenaris has announced plans to invest more than USD 90 mln in its steelmaking and seamless pipe manufacturing facilities in Pennsylvania, as part of...
Stegra completes major financing round, appoints new board
Sweden's green steel producer Stegra has completed its previously announced EUR 1.4 bln (USD 1.58 bln) financing round, securing support from a consortium led...
Iron ore extends losses amid subdued market sentiment
Iron ore futures moved lower on Tuesday, pressured by a combination of soft steel demand expectations and supply-side pressure that continued to dampen market...