Middle East Steel News
Scrap import prices hold steady amid unchanged market fundamentals
Turkey's imported scrap prices remained range-bound this week, with Turkish steel mills showing limited buying interest amid weak finished steel demand and cautious purchasing....
Govt orders LISCO to halt production amid power shortages
Libya's government has ordered state-owned Libya Iron and Steel Company (LISCO) to halt production amid an electricity shortage, according to local media reports.
Prime Minister...
ISL posts strong profit growth in 9M FY26
Pakistan's International Steels Limited (ISL) reported a sharp improvement in profitability in the nine months ended March 2026, supported by higher steel sales, improved...
Kardemir hikes wire rod prices
Turkish steel producer Kardemir has raised its domestic wire rod prices, according to the company's latest price list.
The company is offering 5.5 mm SAE...
Aisha Steel returns to profit in FY26 on higher sales
Pakistan's Aisha Steel Mills returned to profitability in FY26, reporting a net profit of PKR 981.1 mln (USD 3.6 mln), compared with a net...
Global Steel News
Iron ore futures consolidate as supply risks offset weak steel demand
Iron ore futures were broadly stable on Friday as near-term supply concerns provided some support, while weak steel demand and squeezed mill margins continued...
Welspun Corp secures record order from US facility
India's Welspun Corp has secured its largest-ever single order, valued at approximately USD 1.8 bln, for the supply of pipes from its manufacturing facility...
CSC’s profit falls in July on weaker Asian steel demand
Taiwan's China Steel Corp (CSC) reported a 55pct decline in pretax profit to TWD 655 mln (USD 20.6 mln) in July from the previous...
SSAB supplies low-emission steel for circular-economy railcar project
SSAB has partnered with US railcar manufacturer Greenbrier and metal recycler Alter Trading to complete a batch of 50 gondola railcars using SSAB Zero...
Cleveland-Cliffs to invest USD 1 bln to modernize Middletown Works in Ohio
Cleveland-Cliffs will invest USD 1 bln to modernize its Middletown Works steel plant in Ohio, with the US Department of Energy (DOE) providing USD...