Monday, October 12, 2026
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MENA steel demand set to recover in 2027 after 2026 decline – World Steel Association
Steel demand in the MENA region is forecast to decline in 2026 due to ongoing geopolitical tensions and disruptions in the Middle East, before...Najd Steel obtains UAE certification for billet supply
Saudi Arabia's Najd Steel Factory has obtained certification for square steel billets under the UAE's Emirates Conformity Assessment Scheme (ECAS), opening the way for...Tosyali Algerie ships large steel consignment through Arzew Port
Tosyali Algerie has shipped 20,127 tons of steel coils to the United States, with the cargo loaded at Arzew Port in Oran province onto...Jindal Steel partners with Sohar University to establish skills training centre
Jindal Steel Oman has signed an agreement with Sohar University to establish the Jindal Skill Training Centre, aimed at equipping Omani youth with industry-relevant...
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Iron ore futures remain weak as cautious buying limits recovery
Iron ore futures were largely stable on Monday as weak steel mill profitability, ample supply and cautious buying continued to weigh on the market....Govt targets 604 mln tons of steel capacity by 2047 under draft policy
India aims to expand crude steel capacity to 604 mln tons per year by 2047 and increase finished steel consumption to 505 mln tons,...Steelmakers cut rebar capacity as construction slump persists
South Korean steelmakers are reducing rebar production capacity as the prolonged construction downturn weakens demand, while rising raw material and electricity costs continue to...Hyundai Steel integrates H-beam business under new brand
Hyundai Steel has launched H ONE, an integrated brand covering rolled and welded H-beams, as it seeks to expand its presence in high-value construction...
- Prices
Iron ore futures remain weak as cautious buying limits recovery
Iron ore futures were largely stable on Monday as weak steel mill profitability, ample supply and cautious buying continued to weigh on the market....Scrap import prices face downward pressure as mills seek lower levels
Turkey's scrap import market came under pressure this week as declining domestic finished steel prices and weak demand prompted mills to seek lower prices....Iron ore futures fall as weak mill profitability weighs on market
China's iron ore futures remained under pressure on Friday as weak steel mill profitability, expectations of rising global supply and cautious market sentiment weighed...Iron ore futures fall in post-holiday trading amid bearish sentiment
China's iron ore futures came under renewed pressure on Thursday as the market reopened after the week-long National Day holiday, with weak steel demand,...
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