Thursday, November 5, 2026
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Scrap import prices remain under pressure as finished steel demand weakens
Turkey's imported scrap market remained subdued this week as weak finished steel demand continued to weigh on buying activity. MESTEEL assessed HMS 1&2 (80:20)...Container ship sinks with scrap shipments bound for Pakistan
A Singapore-flagged container ship sank in the Strait of Hormuz on October 13 while carrying several consignments of steel scrap bound for Pakistan, with...Special Steels Factory secures CARES and ECAS certification for wire products
Special Steels Factory LLC has secured CARES and Emirates Conformity Assessment Scheme (ECAS) certification for its cold-worked steel wire and welded wire mesh fabric,...McDermott begins steel fabrication for Adnoc’s SARB gas project
McDermott International has started steel fabrication for Adnoc's SARB Deep Gas Development Project, marking the beginning of manufacturing for key offshore structures and pipeline...
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Iron ore futures hold steady amid mixed market signals
Iron ore futures were little changed on Friday as weak demand from Chinese steel mills and rising port inventories continued to weigh on the...Jindal Ferrous commissions 2.2 mln ton steel complex in Odisha
Jindal Ferrous Limited (JFL) has commissioned its first integrated steelmaking complex in Jajpur, Odisha, following an investment of more than USD 527 mln. The facility...VinMetal moves ahead with rail and section steel project
Vietnam's VinMetal has signed an agreement with Danieli to design, manufacture and supply core equipment for a rail and section rolling line at its...POSCO, Hanwha Ocean to develop LNG carrier with high-manganese steel tanks
South Korean steelmaker POSCO and shipbuilder Hanwha Ocean have signed a memorandum of understanding (MoU) to develop a demonstration liquefied natural gas (LNG) carrier...
- Prices
Scrap import prices remain under pressure as finished steel demand weakens
Turkey's imported scrap market remained subdued this week as weak finished steel demand continued to weigh on buying activity. MESTEEL assessed HMS 1&2 (80:20)...Iron ore futures hold steady amid mixed market signals
Iron ore futures were little changed on Friday as weak demand from Chinese steel mills and rising port inventories continued to weigh on the...Structural steel market navigates growing logistics constraints
The UAE structural steel market continues to face logistics disruptions, with congestion at UAE ports and uncertainty over vessel movements through the Strait of...Iron ore futures fall as supply overhang persists
Iron ore futures fell on Thursday as high port inventories and weak steel production continued to weigh on the market, despite signs of improved...
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