Tuesday, May 19, 2026
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Kardemir returns to profit in Q1 2026
Turkish steel producer Kardemir reported a net profit of TRY 24.5 mln (USD 0.54 mln) in the first quarter of 2026, compared with a...Billet imports rise sharply in Q1 2026
Turkey's billet imports increased sharply in the first quarter of 2026, according to data from the Turkish Statistical Institute (TUIK). The country imported around 1.27...Nikel Paslanmaz to invest USD 154 mln in stainless steel expansion
Turkish stainless steel service center Nikel Paslanmaz announced plans to invest around USD 154 mln in new projects as the company targets 30pct growth...Ministry recommends definitive AD tariffs on Egyptian cold rolled steel imports
Morocco's Ministry of Industry and Trade has recommended the imposition of definitive antidumping duties on imports of cold rolled steel sheets originating from Egypt...
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Iron ore futures decline amid Beijing steel capacity cut plans
Iron ore futures declined on Tuesday as market sentiment weakened following reports of stricter steel capacity control measures in China. China's Ministry of Industry and...Mukand completes bloom caster upgrade at Kalwa steel plant
Indian steel producer Mukand Ltd has completed the modernization of its two-strand bloom caster at its Kalwa plant in Thane, Maharashtra, following the successful...VinMetal to build integrated steel complex for long and flat products
VinMetal, the steel manufacturing arm of Vietnam's Vingroup, has signed a memorandum of understanding (MoU) with Primetals Technologies for the development of an integrated...ArcelorMittal sells 10pct stake in Vallourec
ArcelorMittal has announced the sale of approximately 23.9 mln shares in Vallourec, representing around 10pct of the French steel pipe producer's outstanding share capital,...
- Prices
Iron ore futures decline amid Beijing steel capacity cut plans
Iron ore futures declined on Tuesday as market sentiment weakened following reports of stricter steel capacity control measures in China. China's Ministry of Industry and...Iron ore futures down amid rising supply
Iron ore futures remained under pressure on Monday amid continued uncertainty surrounding China's steel demand outlook and rising supply pressure from major miners. Market sentiment...Scrap import prices hold steady amid cautious sentiment
Turkey's imported scrap prices remained largely stable this week, as steel mills continued cautious procurement amid weak finished steel demand and squeezed margins. HMS...ISL, Aisha Steel raise flat steel prices
Pakistan's flat steel producers International Steels Limited (ISL) and Aisha Steel increased domestic prices for cold-rolled and galvanized steel products by PKR 5,000 (USD...
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