Wednesday, April 15, 2026
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MENA steel demand to contract in 2026, rebound in 2027 – World Steel Association
Steel demand in the MENA region is expected to decline in 2026, weighed by ongoing geopolitical tensions, before recovering strongly in 2027, the World...Vale brings forward maintenance at Sohar pellet plants amid regional risks
Vale has advanced scheduled maintenance at its two iron ore pelletizing plants in Sohar, Oman. The shutdowns, originally planned for later in the first half...Ezz Steel considers Algeria for DRI, integrated steel project
Egypt's Ezz Steel has submitted a detailed proposal to establish a direct reduced iron (DRI) production project in Algeria, aiming to expand its regional...Chinese firm plans USD 2 bln aluminium complex in SCZone
Egypt is reviewing a proposal by China's Henan Zhongfu Industrial to establish a USD 2 bln aluminium manufacturing complex in the Suez Canal Economic...
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Iron ore pressured by supply outlook
Iron ore futures edged lower on Tuesday, pressured by rising supply expectations, while steady steel production limited the downside. Market sentiment weakened after reports that...Steel exports weaken in Q1 on policy shifts, external headwinds
China's finished steel exports declined 9.85pct YoY to 24.7 mln tons in the first quarter of 2026, according to data from the General Administration...Tenaris to invest in automation upgrade at Arkansas pipe mill
Tenaris is advancing a digitalization and automation upgrade at its welded pipe manufacturing facility in Hickman, Arkansas, aimed at enhancing efficiency, traceability and process...Stegra secures financing to complete Boden green steel plant
Stegra has secured in-principle commitments for EUR 1.4 bln (USD 1.65 bln) in new financing to complete construction of its green steel plant in...
- Prices
Iron ore pressured by supply outlook
Iron ore futures edged lower on Tuesday, pressured by rising supply expectations, while steady steel production limited the downside. Market sentiment weakened after reports that...HRC prices jump on tight supply, logistics disruptions
Domestic HRC prices in Saudi Arabia have increased amid tightening supply and ongoing logistics disruptions linked to regional geopolitical tensions, market sources said. Saudi Arabia's...Iron ore rises on cost support, steady steel output
Iron ore futures moved higher on Monday, supported by rising oil prices and sustained steel production. International oil prices climbed above USD 100 per barrel...Scrap import prices stable amid limited trading activity
Turkey's scrap import prices remained stable this week, with HMS 1&2 (80:20) assessed around USD 400 per ton CFR, while buying activity slowed amid...
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