Wednesday, June 24, 2026
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Middle East crude steel output declines 19pct in May 2026 YoY
Crude steel production in the Middle East declined by 19.4pct YoY to 3.9 mln tons in May 2026, according to data from the World...Steel scrap imports decline in May
Pakistan imported 239,758 tons of steel scrap in May 2026, down by more than 25pct compared with 320,937 tons imported in the same month...Finished steel imports fall in May
Pakistan imported 233,954 tons of finished steel products in May 2026, down 33.3pct compared with the same month last year, according to data from...Keir signs strategic cooperation deal with Metsco Heavy Steel Industries
Saudi Arabia's infrastructure and engineering contractor Keir International Company has signed a strategic cooperation agreement with Metsco Heavy Steel Industries Company valued at SAR...
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Iron ore extends losses amid subdued market sentiment
Iron ore futures moved lower on Tuesday, pressured by a combination of soft steel demand expectations and supply-side pressure that continued to dampen market...Shougang Jingtang achieves HR steel production milestone at Danieli QSP-DUE line
China's Shougang Jingtang United Iron & Steel (SGJT) has surpassed 10 mln tons of hot-rolled steel production at its Danieli QSP-DUE (Danieli Universal Endless)...NMDC awards iron ore handling project to Rail Vikas Nigam
India's state-owned iron ore producer NMDC Limited has awarded a contract worth INR 29.77 bln (USD 314 mln), including GST, to railway infrastructure company...SSAB Americas launches closed-loop steel recycling initiative
SSAB Americas has partnered with railcar manufacturer Greenbrier and metal recycler Alter Trading to launch a closed-loop steel recycling initiative in the United States...
- Prices
Iron ore extends losses amid subdued market sentiment
Iron ore futures moved lower on Tuesday, pressured by a combination of soft steel demand expectations and supply-side pressure that continued to dampen market...Emirates Steel raises domestic rebar prices for July production
UAE-based Emirates Steel, part of EMSTEEL Group, has increased domestic rebar prices for July production. The company raised prices for 12-32 mm rebar by AED...Iron ore futures remain under pressure on weak market fundamentals
Iron ore futures extended their downward movement on Monday, pressured by high supply and sluggish steel consumption. Prices also came under pressure from falling coking...CSC cuts prices for select flat steel products for July
Taiwan's China Steel Corporation (CSC) has reduced domestic prices for selected flat steel products for July 2026 deliveries, while increasing prices for several contract...
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