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Wednesday, June 3, 2026

Middle East Steel News

Hadeed keeps June long steel prices unchanged

Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has maintained domestic prices for its long steel products for June production. The company is offering rebar...

EMSTEEL adopts SAP cloud platform to support digital transformation

UAE-based EMSTEEL has adopted SAP's RISE with SAP solution as part of a broader digital transformation program aimed at enhancing operational efficiency, scalability, and...

Scrap imports rise marginally in January-April

Turkey imported 6.6 mln tons of ferrous scrap during the first four months of 2026, up slightly compared with the same period last year,...

EMSTEEL launches high-strength ES600 rebar grade

UAE-based EMSTEEL has launched ES600, a high-strength steel rebar grade that the company says is the highest-strength rebar currently produced in the country. The product...

ISMQ reports 47pct decline in nine-month profit

Egypt's Iron & Steel for Mines & Quarries (ISMQ) reported a net profit after tax of EGP 229.3 mln (USD 4.42 mln) for the...

Global Steel News

Iron ore declines amid weak steel demand outlook

Iron ore futures declined on Wednesday as concerns over weakening steel demand continued to weigh on market sentiment. The outlook for iron ore remained under...

Henan Jiyuan orders Danieli ECS Zerobucket EAF for green steel transition

China's Henan Jiyuan Iron & Steel (Group) has awarded Danieli a contract to supply a new 55-ton ECS Zerobucket electric arc furnace (EAF), marking...

NMDC raises iron ore prices for June

India's National Mineral Development Corporation (NMDC) has raised domestic iron ore prices effective June 3, increasing lump ore prices by INR 200 (USD 2)...

Steel Dynamics to modernize Indiana hot strip mill automation system

US-based Steel Dynamics, Inc. (SDI) has awarded SMS group a contract to modernize the process automation system at its hot strip mill in Butler,...

Aceros Arequipa orders tube mill for Lima plant

Peruvian steel producer Aceros Arequipa has awarded Fives a contract to supply a complete OTO tube mill with integrated finishing equipment for its plant...