Friday, June 12, 2026
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Scrap import market remains quiet amid weak steel demand
Turkish imported scrap prices remained largely stable this week, although trading activity continued to be subdued as steel mills limited purchases amid weak finished...ASAS Steel renews CARES EPD certification for rebar
UAE-based steel producer ASAS Steel FZC has successfully renewed its CARES Third-Party Verified Environmental Product Declaration (EPD) certification for carbon steel reinforcing bars, reinforcing...TKE ALAT breaks ground on elevator manufacturing facility in Dammam
TKE ALAT, a joint venture between TK Elevator (TKE) and Saudi Arabia's Alat, has broken ground on a new elevator and escalator manufacturing facility...Chinese firm wins EPC contract for wind turbine manufacturing project in Duqm
China Energy Engineering Corporation (CEEC) Shanxi Institute has secured the engineering, procurement and construction (EPC) contract for the Mawarid Wind Turbine Manufacturing Project at...
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Iron ore declines as demand concerns cloud outlook
Iron ore futures fell on Friday as abundant supply and weakening steel demand continued to weigh on market sentiment. The market remained under pressure from...Baowu and Rio Tinto complete hydrogen-based DRI trials using Pilbara ore
China Baowu and Rio Tinto have successfully completed industrial-scale palletization and hydrogen-based direct reduced iron (DRI) trials in China using Rio Tinto's Pilbara Blend...Jindal Steel reports strong operational results at Angul steel melt shop
India's Jindal Steel has reported strong operational performance from two twin-strand slab casters supplied by Danieli at its Angul steel plant, exceeding guaranteed performance...Jingye seeks compensation over British Steel takeover
China's Jingye Group has initiated consultations with the UK government under the bilateral investment treaty between the two countries, seeking compensation for losses incurred...
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Scrap import market remains quiet amid weak steel demand
Turkish imported scrap prices remained largely stable this week, although trading activity continued to be subdued as steel mills limited purchases amid weak finished...Iron ore declines as demand concerns cloud outlook
Iron ore futures fell on Friday as abundant supply and weakening steel demand continued to weigh on market sentiment. The market remained under pressure from...Iron ore falls amid supply pressure and weak demand outlook
Iron ore futures declined on Thursday as rising supply and weak steel demand continued to weigh on market sentiment. Market insiders said rising iron ore...Kardemir cuts billet and rebar prices in latest sales round
Turkish steel producer Kardemir has reduced prices for billet and rebar in its latest domestic sales round. The company offered S235JR-grade billet at USD 525...
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