Wednesday, March 18, 2026
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Group Five Pipe posts strong profit growth in 2025
Saudi Arabia's Group Five Pipe reported a sharp increase in net profit for 2025, according to its financial statement. Net profit rose to SAR 144.8...East Pipes expands capacity with new production line
Saudi Arabia's East Pipes Integrated Company for Industry has completed the construction and installation of a new helical submerged arc welded (HSAW) pipe production...Aisha Steel ratings reaffirmed on stable outlook – VIS
Aisha Steel Mills Limited (ASL) has had its entity ratings reaffirmed at 'BBB+/A2' by VIS Credit Rating Company Limited, with a stable outlook. The ratings...Ekinciler Demir Celik to install Danieli billet welding system
Turkish steel producer Ekinciler Demir Celik has selected Danieli to supply a sixth-generation Horizontal Billet Welder (HBW) equipped with K-Welding technology for its rolling...
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Iron ore futures edge lower on cautious demand outlook
Iron ore futures retreated on Wednesday as cautious sentiment over demand outlook weighed on the market. High port-side inventories in China continued to act as...Tata Steel, USTB sign MoU on low-carbon steelmaking
Tata Steel has signed a memorandum of understanding (MoU) with the University of Science and Technology Beijing (USTB) to collaborate on the development of...Marubeni-Itochu Steel establishes pipe distribution firm in Georgetown
Japan-based Marubeni-Itochu Steel Inc. has established a steel pipe and tubular products distribution company in Georgetown, Guyana, expanding its presence in the growing energy...JSW, ArcelorMittal Poland sign coking coal supply deal
Poland-based Jastrzebska Spolka Weglowa (JSW) has signed a coking coal supply agreement with ArcelorMittal Poland valued at approximately PLN 2.1 bln (USD 560 mln)...
- Prices
Iron ore futures edge lower on cautious demand outlook
Iron ore futures retreated on Wednesday as cautious sentiment over demand outlook weighed on the market. High port-side inventories in China continued to act as...Iron ore futures rise on improving steel demand outlook
Iron ore futures increased on Tuesday, supported by a stronger outlook for steel demand and improved market sentiment. Market participants in China reported firmer domestic...Tokyo Steel raises prices for April sales
Japan's leading electric arc furnace (EAF) steelmaker Tokyo Steel has increased product prices for April sales under its latest monthly price list. The company raised...ISL hikes domestic galvanized steel prices
Pakistani flat steel producer International Steels Limited (ISL) has increased its galvanized steel prices by PKR 5,000 (USD 18) per ton. Following the adjustment, the...
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