Middle East Steel News
Hadeed raises wire rod prices, keeps rebar unchanged for September
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has kept its domestic rebar prices unchanged for September production, while raising wire rod prices by...
Scrap import prices remain range-bound amid mixed fundamentals
Turkey's scrap import prices remained broadly stable this week, with Turkish mills maintaining a cautious purchasing approach. MESTEEL assessed HMS 1&2 (80:20) at USD...
Steel exports and production rise, domestic consumption weakens in July – TCUD
Turkey's steel product exports remained firm in the first seven months of 2026, while domestic finished steel consumption declined in July, according to data...
Group Five Pipe’s H1 net profit rises on lower production costs
Saudi Arabia's Group Five Pipe Saudi Company reported a 14.3pct YoY increase in net profit to SAR 143.1 mln (USD 38 mln) in the...
ICON’s H1 earnings decline despite higher revenues
Egypt's Industrial Engineering Company for Construction and Development (ICON) reported a 12.91pct YoY decline in consolidated net profit attributable to the parent company in...
Global Steel News
Iron ore futures strengthen as supply concerns and seasonal demand support prices
China's iron ore futures strengthened on Monday, supported by tighter short-term supply, improving market sentiment and expectations of stronger steel demand ahead of the...
Xinyu Steel boosts high-grade electrical steel capacity
Xinyu Iron and Steel, part of Baowu Group, has commissioned a new production facility with annual capacity of 250,000 tons of non-grain-oriented (NGO) electrical...
ArcelorMittal approves Tubarao flat steel expansion
ArcelorMittal Brasil has approved a BRL 4-5 bln (USD 0.7-0.9 bln) investment to install a cold rolling mill and continuous coating line at its...
Tuflesa to modernize sizing section of ERW tube line at Las Torres de Cotillas plant
Tubos y Flejes SLU (Tuflesa), part of the Bornay Group, has commissioned SMS group to modernize the sizing section of its ERW tube line...
Salzgitter launches new wear-resistant steel product
Salzgitter Flachstahl, a subsidiary of Salzgitter AG, has launched TektoSal 450, a new wear-resistant special steel available as strip steel for applications exposed to...