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Tuesday, June 9, 2026
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GCC billet imports from China rise 24pct YoY in Jan-Apr 2026
Chinese exports of steel billets to GCC countries increased during the first four months of 2026, supported by stronger demand from regional buyers, customs...El-Gharably commissions steel structures complex in Alexandria
Egyptian Prime Minister Mostafa Madbouly inaugurated the first phase of the El-Gharably Industrial Complex for integrated engineering and steel structures in New Borg El-Arab...ICON’s Q1 earnings increase on higher revenues
Egypt's Industrial Engineering Company for Construction and Development (ICON) reported a 47pct YoY increase in consolidated net profit attributable to the parent company during...Scrap import prices weaken amid sluggish steel demand
Turkey's imported scrap prices weakened this week as steel mills continued to limit purchases due to weak finished steel demand. HMS 1&2 (80:20) import...
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JSW Steel’s crude steel production rises 15pct YoY in May
India's JSW Steel reported consolidated crude steel production of 2.293 mln tons in May 2026, reflecting a 15pct increase compared to 1.996 mln tons...Vallourec, Ultra Corpotech sign MoU for premium tubular solutions
Vallourec has signed a memorandum of understanding (MoU) with India's Ultra Corpotech Pvt Ltd to establish certified local production of VAM premium threaded tubular...SSAB supplies steel for major cruise vessel projects
SSAB said steel produced at its Raahe mill in Finland is being used in the construction of the world's largest cruise ships at the...Cargill in talks to sell metals business to Macquarie
Global commodities trader Cargill is in discussions to sell its metals business to Australia's Macquarie Group, according to a Reuters report citing sources familiar...
- Prices
Iron ore under pressure from weak demand, high supply
Iron ore futures moved lower on Monday as concerns over slowing steel demand and high supply levels continued to weigh on market sentiment. Analysts noted...Scrap import prices weaken amid sluggish steel demand
Turkey's imported scrap prices weakened this week as steel mills continued to limit purchases due to weak finished steel demand. HMS 1&2 (80:20) import...Iron ore futures extend decline as demand outlook deteriorates
Iron ore futures declined on Friday as concerns over weakening steel demand and pressure on Chinese steel mill margins continued to weigh on market...Iron ore under pressure from weak demand outlook
Iron ore futures extended losses on Thursday as concerns over weakening steel demand and pressure on Chinese steel mill margins continued to weigh on...
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