Govt introduces electricity-linked sales tax mechanism for steel sector
The Pakistani government has introduced a new mechanism for collecting sales tax from electricity-based steel melters, re-rollers and composite units, linking tax payments directly...
Iron ore futures hit fresh one-year low on weak demand
Iron ore futures fell below the 700 yuan per ton mark on Monday, reaching their lowest level in more than a year as abundant...
Scrap import prices firm on tighter supply, cautious buying
Turkey's imported scrap prices remained firm this week, supported by tighter European scrap availability and higher freight costs. Buying activity, however, slowed after producers...
EMSTEEL reports stronger H1 earnings on improved steel profitability
UAE's EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, reported significantly stronger second-quarter financial results, supported by...
Jindal Steel commissions automated rebar counting systems at Sohar plants
Jindal Steel Oman has commissioned online automatic rebar counting and separation systems at its Jindal Steel Sohar and Sohar Steel rolling mills as part...
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