Wednesday, August 5, 2026
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Watani Steel posts sharp rise in H1 profit on stronger sales
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) reported a sharp increase in profitability for the first half of 2026, supported by higher sales...Meranti Green Steel partners with Marafiq on desalination plant for Duqm project
Meranti Green Steel has signed heads of terms with Marafiq-CUC for the supply of industrial water to its planned DRI/HBI plant in Duqm, Oman. Under...Nippon Steel sees lower steel exports to Middle East on regional disruption
Nippon Steel expects the ongoing Middle East situation to reduce its steel export volumes to the region and raise logistics and raw material costs...Steel sector sees stronger exports and production in H1 – TCUD
Turkey's steel product exports increased in the first half of 2026, supported by stronger shipments to markets including the Middle East, South America and...
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Iron ore futures stay subdued as supply pressure persists
Iron ore futures remained near one-year lows on Tuesday, with losses moderating as a slight recovery in demand provided some support, although ample supply,...JFE Steel produces first DRI using green hydrogen
JFE Steel has successfully produced DRI using green hydrogen at its East Japan Works in Chiba, marking the first such trial in Japan as...Nemo Industries selects ENERGIRON technology for Louisiana DRI project
Nemo Industries has selected Tenova's ENERGIRON technology for a new direct reduction plant in Louisiana, US, as part of its planned Ironworks I pig...Salzgitter divests machinery business as part of portfolio restructuring
Salzgitter Group has agreed to sell Klockner DESMA Elastomertechnik GmbH to German-French industrial group NAME & MAWI Partners (NMP) as part of its ongoing...
- Prices
Iron ore futures stay subdued as supply pressure persists
Iron ore futures remained near one-year lows on Tuesday, with losses moderating as a slight recovery in demand provided some support, although ample supply,...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...Iron ore futures remain under pressure as weak PMI weighs on sentiment
Iron ore futures extended losses on Friday, hovering near one-year lows after weaker-than-expected Chinese manufacturing data reinforced concerns over slowing steel demand, while rising...
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