Saturday, November 15, 2025
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Long

Scrap import prices steady amid cautious buying

Turkey's imported scrap prices held steady this week at USD 350-355 per ton CFR, unchanged from last week, as mills continued booking cargoes to...

Wire rod exports dip in Jan-Sep 2025

Turkey exported 714,500 tons of wire rod in the first nine months of 2025, a 3pct YoY decline, according to data from the Turkish...

Al Yamamah Steel backs subsidiary’s billet plant plan with new investment

Al Yamamah Steel Industries Company will take part in the planned capital increase of its subsidiary, Al Yamamah Company for Reinforcing Steel Bars, to...

Mughal Steel accelerates long steel expansion

Mughal Iron & Steel Industries Ltd (Mughal Steel) is accelerating expansion in its core ferrous operations while keeping its copper segment on hold amid...

Iron ore futures inch higher, but weak demand caps gains

Iron ore futures edged higher on restocking demand ahead of the winter season, though the broader outlook remains bearish due to weakening fundamentals. Analysts noted...

Rebar exports rise 19pct in Jan-Sep 2025 YoY

Turkey exported around 3 mln tons of rebar in the first three quarters of 2025, up 19pct YoY, according to data from the Turkish...

El Marakby orders new reheating furnace from Danieli

El Marakby for Metallic Industries (MKM), a subsidiary company of El Marakby Steel, has awarded Danieli Centro Combustion India a contract to supply a...

Egyptian Steel to upgrade plants and boost output as part of new expansion drive

Egyptian Steel plans to launch a new investment program worth nearly EGP 2 bln (USD 42 mln) within the next 18 months, beginning early...

Iron ore futures remain under pressure amid weak demand outlook

Iron ore futures stayed under pressure on Thursday as a bearish demand outlook continued to weigh on sentiment. Analysts noted that soft steel demand...

EMSTEEL sees profit surge in Jan-Sept 2025 on higher steel sales

UAE-based EMSTEEL, one of the region's largest publicly listed steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for the first...

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