Tuesday, March 3, 2026
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Gulf shipping disruption freezes steel trade flows
Escalating regional tensions in the Middle East have sharply curtailed vessel movements through the Strait of Hormuz, disrupting one of the world's most strategic...Borusan Pipe returns to profit in 2025
Turkish pipe producer Borusan Pipe reported higher earnings in 2025, supported by stronger volumes and improved operational efficiency, according to its full-year financial results. Net...EMSTEEL accelerates digital transformation with Microsoft Fabric
EMSTEEL, the UAE's largest steel and building materials producer, has enhanced its data analytics and reporting capabilities by adopting Microsoft Fabric, aiming to improve...Welspun expands footprint with Dubai subsidiary
Welspun Corp Limited has incorporated a wholly owned subsidiary in the United Arab Emirates, strengthening its global marketing and trading presence. In a stock exchange...
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Iron ore advances on rising freight costs amid Middle East tensions
Iron ore futures rose on Tuesday, supported by sharply higher freight costs amid escalating tensions in the Middle East. Freight rates have surged following the...Tata Steel completes sale of Jajpur ferro alloy plant to IMFA
Tata Steel has completed the sale of its ferro alloy plant at Jajpur, Odisha, to Indian Metals & Ferro Alloys Ltd (IMFA) for INR...Salzgitter subsidiaries to supply line pipes for major hydrogen project
Salzgitter AG said its subsidiaries have been awarded contracts to supply key pipeline segments for the FGL 702 hydrogen project, part of Germany's emerging...Vallourec’s net profit falls in 2025 on lower sales
Vallourec reported full-year 2025 revenues of EUR 3.8 bln (USD 4.4 bln), down 6pct YoY, mainly due to lower sales volume and adverse currency...
- Prices
Iron ore advances on rising freight costs amid Middle East tensions
Iron ore futures rose on Tuesday, supported by sharply higher freight costs amid escalating tensions in the Middle East. Freight rates have surged following the...Hadeed hikes rebar and wire rod prices for March
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for March deliveries. Rebar prices for 12-32 mm sizes...Iron ore rises as oil spike lifts freight costs
Iron ore futures rose on Monday, recovering from earlier losses as a sharp jump in oil prices and freight costs linked to escalating Middle...Scrap import prices hold steady as buyers stay cautious
Turkey's scrap import market remained broadly stable this week, although sentiment softened as mills largely stayed on the sidelines amid weak finished steel demand...
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