Wednesday, September 2, 2026
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Al Jazeera Steel strengthens US presence with new subsidiaries
Oman's Al Jazeera Steel Products Company SAOG has completed the incorporation and legal establishment of two wholly owned subsidiaries in the United States, strengthening...US court raises dumping margin for Universal Tube in steel pipe case
The US Court of International Trade (CIT) has issued a final judgment resulting in an increase in the antidumping duty margin for Universal Tube...Ministry signs agreement with Saudi Ithraa to revive Hama steel plant
Syria's Ministry of Economy and Industry has signed a 30-year memorandum of understanding with Saudi Arabia's Ithraa Group to rehabilitate, modernize and operate the...Bena Steel’s net profit surges in H1 2026
Saudi Arabia's Bena Steel Industries Company reported a sharp increase in net profit attributable to shareholders in the first half of 2026, supported by...
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Asian HRC prices strengthen as higher costs support mill offers
Asian HRC prices have strengthened in recent weeks, supported by rising raw material costs in China and expectations of improving seasonal demand, although buying...Iron ore futures consolidate as cooler sentiment offsets cost support
China's iron ore futures remained broadly stable on Tuesday as firmer raw material costs and expectations of seasonal demand were offset by cooler market...NMDC begins dry-out of indurating machine at Nagarnar pellet plant
India's state-owned NMDC Ltd. has started the dry-out of the indurating machine at its pellet plant in Nagarnar, marking a key milestone towards commissioning...Thyssenkrupp starts partial refurbishment of blast furnace at Duisburg plant
Thyssenkrupp Steel has started a partial refurbishment of Blast Furnace 2 at its Schwelgern site in Duisburg, Germany, with the furnace taken offline on...
- Prices
Asian HRC prices strengthen as higher costs support mill offers
Asian HRC prices have strengthened in recent weeks, supported by rising raw material costs in China and expectations of improving seasonal demand, although buying...Iron ore futures consolidate as cooler sentiment offsets cost support
China's iron ore futures remained broadly stable on Tuesday as firmer raw material costs and expectations of seasonal demand were offset by cooler market...Hadeed raises wire rod prices, keeps rebar unchanged for September
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has kept its domestic rebar prices unchanged for September production, while raising wire rod prices by...Scrap import prices remain range-bound amid mixed fundamentals
Turkey's scrap import prices remained broadly stable this week, with Turkish mills maintaining a cautious purchasing approach. MESTEEL assessed HMS 1&2 (80:20) at USD...
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