Thursday, April 16, 2026
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Al Jazeera Steel’s net profit falls 19pct in Q1 2026 YoY
Oman's Al Jazeera Steel Products Co. SAOG reported a decline in net profit for the first quarter of 2026, according to its unaudited financial...Meranti eyes downstream steel investments alongside Duqm HBI project
Meranti Green Steel is considering downstream steel investments as part of its long-term strategy alongside its planned low-carbon iron project in Duqm, according to...Gazi Metal orders roll grinding machine for Sakarya plant
Gazi Metal has awarded Pomini Tenova a contract to supply a new work roll grinding machine for its Karasu, Sakarya facility in Turkey, aimed...Azizi awards structural steel works contract for Burj Azizi project
UAE-based Azizi Developments has awarded a structural steel works package worth USD 300 mln to Eversendai Corporation Berhad for its Burj Azizi project in...
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Iron ore gains on demand optimism, supply caps upside
Iron ore futures post gains on Wednesday, supported by a positive near-term demand outlook, although gains were limited by ongoing supply concerns. Iron ore futures...Marcegaglia, Danieli plan new steelmaking and flat rolling plant in Fos-sur-Mer
Marcegaglia and Danieli have signed an agreement to develop a new steelmaking and flat rolling facility in Fos-sur-Mer, France. The proposed plant will have capacity...Thyssenkrupp supplies low-carbon steel for Angola water pipeline
Thyssenkrupp Steel is supplying approximately 1,000 tons of CO2-reduced Bluemint steel for a major water pipeline project in Angola, located in southwestern Africa. The...World Steel Association appoints Henrik Adam as Director General
The World Steel Association has welcomed several steel producers as new regular members, expanding its global membership base. The new members include Icdas (Turkey), Almaadi...
- Prices
Iron ore gains on demand optimism, supply caps upside
Iron ore futures post gains on Wednesday, supported by a positive near-term demand outlook, although gains were limited by ongoing supply concerns. Iron ore futures...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...
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