Middle East Steel News
HRC imports rise in 2025
Turkey imported 3.9 mln tons of HRC in 2025, up 8pct YoY, according to data from the Turkish Statistical Institute (TUIK).
China remained the largest...
Miilux Oy completes acquisition of Haggblom from Metso
Miilux Oy, a subsidiary of Oyak, has completed the acquisition of Haggblom from Metso, following regulatory approvals. The agreement was signed in December, when...
Al Yamamah Steel posts sharp profit growth in Oct-Dec 2025
Saudi Arabia's Al Yamamah Steel Industries Co. reported a net profit of SAR 37.6 mln (USD 10 mln) for the October-December 2025 period, up...
Spanish firm wins order to supply trains for Haramain high-speed rail project
Saudi Arabian Railways has signed an agreement with Talgo to purchase 20 new high-speed trains to expand the fleet serving the Haramain high-speed railway...
Scrap import prices steady as weak steel demand caps buying
Turkey's scrap import prices remained largely unchanged this week, as weak finished steel demand and cautious buying continued to weigh on the market. Turkey's...
Global Steel News
Iron ore futures remain under pressure as demand fades
Iron ore futures fell on Monday as subdued fundamentals continued to weigh on sentiment for the key steelmaking raw material.
Higher iron ore inventories at...
Tata Steel reports over four-fold profit rise in first nine months of FY26
Tata Steel Ltd reported a consolidated profit of INR 7,920.82 crores (USD 87.35 mln) for the first nine months of FY26 ended December 31,...
Abul Khair Steel selects Danieli to modernize Chittagong rebar mill
Bangladesh-based Abul Khair Steel Ltd. has contracted Danieli to modernize its rebar rolling mill in Chittagong, with the aim of expanding its product range...
Salzgitter plans to take full ownership of HKM after agreement with Thyssenkrupp
Salzgitter AG has announced plans to become the sole shareholder of Huttenwerke Krupp Mannesmann (HKM) in Duisburg, following negotiations with Thyssenkrupp Steel, mediated by...
Iron ore futures fall through the week as fundamentals remain soft
Iron ore futures fell on Friday, extending losses across all morning sessions this week, as weak fundamentals continued to weigh on market sentiment.
Iron ore...
