Kardemir raises billet allocation, cuts long products for Q1 2026
Turkish steel producer, Kardemir has announced its sales allocation plan for the first quarter of 2026, increasing billet volumes while reducing allocations for rebar,...
Watani Steel renews credit facility with Bank Albilad
Watani Iron Steel Co. (Watani Steel) has renewed Sharia-compliant credit facilities worth SAR 70.5 mln (USD 18.8 mln) with Bank Albilad, according to a...
Iron ore futures slip as weak fundamentals offset near-term optimism
Iron ore futures declined on Tuesday as the market remained caught between weak current fundamentals and short-term optimistic expectations, keeping sentiment mixed.
Market participants said...
Hadeed lifts rebar prices for January sales, wire rod unchanged
Saudi Iron and Steel Company (Hadeed) has increased its rebar prices for January production while leaving wire rod prices unchanged, the company said.
The company's...
FBR sets minimum sales tax values for long steel products
The Federal Board of Revenue (FBR) has notified minimum values for the payment of sales tax on selected locally produced and supplied long steel...
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