
The tender, for which bids were collected on 22 January 2026, was concluded following the completion of the evaluation process.
As a result of the assessment, it was determined that the tender was awarded to Mazlum Mangtay with a bid of TRY 821,669,935. The finalized tender decision was officially notified to the bidding companies on 5 February 2026. Following the completion of the legal procedures to be carried out in accordance with the applicable legislation, an invitation to sign the contract is expected to be sent to the successful contractor.
The tender, with an estimated cost of TRY 940,027,819, attracted bids from a total of four bidders. Accordingly, Mazlum Mangtay submitted the lowest bid at TRY 821,669,935, followed by Ümran Çelik Boru with TRY 876,208,502, Hatboru Sanayi with TRY 886,240,381, and Noksel Çelik Boru with a bid of TRY 963,020,152.
Under the scope of the tender, a total of 163,948 meters of steel pipes will be supplied for use in the Kuluncak–Elazığ Natural Gas Pipeline Project. The pipes are intended to be utilized during the construction and installation phases of the project, contributing to the strengthening of the region’s natural gas transmission infrastructure.

Posted on 10 Feb 2026 Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel dipped by a negligible 500 tonnes on week to remain largely stable at 3.09 million tonnes during January 29-February 4, the latest survey results showed. This was 4.6% lower on year, Mysteel Global noted. The HRC rolling capacity utilization rate among the sampled mills inched down by 0.02 percentage point on week to average 78.98% during the survey period, while their average operational rates stayed unchanged for the second straight week at 78.13%, according to the survey findings. With Chinese New Year (CNY) only one week away, production activity at many coil coating works and other HRC end users had ground to a halt, with workers also taking leave to start their holidays. As a result, demand for hot coils shrank further, causing the stocks of coils held by both traders and mills to mount slightly during the survey week. By February 5, hot coil inventories at the 19


Posted on 10 Feb 2026 China's stainless steel production rose in January as mills ramped up operations to capitalize on firm prices and healthy margins, Mysteel's latest survey results show. The country churned out 3.54 million tonnes of crude stainless steel last month, representing a significant increase of 275,900 tonnes or 8.5% from last December, and a jump of 28.9% compared to January 2025, according to the results of Mysteel's most recent survey among the 43 stainless producers it regularly tracks nationwide. The monthly increase was primarily driven by significantly improved mill profitability, Mysteel Global noted. A vigorous stainless price rally in January significantly expanded margins, encouraging mills to maintain high operating rates. At end-January, Mysteel assessed the spot price of 304/2B Hongwang 2*1240mm stainless cold-rolled coil (CRC) in Wuxi, East China, at Yuan 14,400/t ($2,075/t) in-warehouse and including the 13% VAT, higher by a significant Yuan 1,250/t from


At the end of January and the beginning of February, several categories of construction steel products in the Russian domestic market recorded modest price increases. The upward adjustments were uneven across the product range but notable because they interrupted a downward trend that had dominated since the start of the year. Price gains were most visible in structural shapes and pipe products. I-beams moved above the 82,000 rubles per tonne ($1,068/t) level, while electric-welded and water-gas pipes approached the high-50,000 rubles per tonne ($ range. Weekly increases varied depending on product type, indicating that the market is reacting to segment-specific pressures rather than a broad-based recovery. At the same time, many other steel products, particularly flat products such as hot-rolled and cold-rolled coil, continued to experience price softness. Across a wide basket of long products, sections, and hardware items, the number of price decreases since the start of the year has


SteelBazaar News2 min readTata Steel reported a sharp rise in consolidated net profit for Q3 FY24, posting ₹2,689 crore—marking a significant 723% year-on-year surge. This impressive rebound was driven by improved operating margins and resilient domestic demand. Revenue also rose 6% to ₹55,312 crore. Despite the upbeat earnings, analysts remain cautious on the stock’s near-term upside. While brokerages such as Motilal Oswal and Kotak Institutional Equities have maintained a “buy” rating, they note that gains may be limited given muted global steel prices and persistent weakness in European operations. Input cost moderation and better realizations have aided the quarter’s performance, especially in India, where demand from construction and infrastructure remained robust. However, Tata Steel’s international businesses, particularly in Europe, continue to face macroeconomic challenges, pressuring overall margin sustainability. As the company pushes forward with its strategic decarbonization and capital expenditure


The company announced that work would resume on Thursday at the second coke battery located at its No. 13 production facility within Mon Valley Works. The first of three separate explosions occurred at around 10:45 a.m. on August 11. Two separate independent investigations into the incident were launched by Engineering Design and Testing Corp. and the U.S. Chemical Safety and Hazard Investigation Board. The investigations found that the explosions occurred in the transfer area of coke batteries 13 and 14 while workers were opening and closing valves as part of planned maintenance. The Board's report stated that the gas monitoring alarm was activated before the explosion and that workers were instructed to evacuate. The report prepared by the company stated that the explosion occurred as a result of combustible coke oven gas escaping due to damage to an 18-inch cast iron valve. Coke ovens are defined as large industrial structures consisting of many narrow and long ovens. In these ovens


In a written statement, the Ministry recalled that the “Motor Vehicle Local Content Ratio Declaration List,” announced by the Ministry, is taken as the basis for vehicle purchases by public institutions and citizens with disabilities. The Ministry stated that, in order to ensure higher value-added domestic production, the Communiqué on Domestic Goods published on 25 January 2025 stipulated that, as of 1 January, local content ratios would be calculated in accordance with the provisions of the Communiqué. However, at the current stage, due to the large number of suppliers in the automotive sector and the high diversity of input products, it was noted that calculating local content ratio declarations for final vehicles within the scope of this regulation could potentially lead to disruptions in public procurement and vehicle purchases by citizens with disabilities. Accordingly, following consultations with relevant public institutions and industry stakeholders, the Ministry reported that


SteelBazaar News2 min readThe global steel wire market is undergoing a significant transformation as emerging sub-segments begin to reshape the competitive landscape. With increasing demand across construction, automotive, energy, and telecommunication sectors, niche variants such as galvanized, stainless, and high-tensile steel wires are gaining traction. Manufacturers are innovating to meet rising expectations for strength, durability, and corrosion resistance. In particular, high-carbon steel wires are finding expanded use in automotive components and industrial machinery, while stainless steel wires continue to dominate in marine and medical applications due to their anti-corrosive properties. Galvanized wires are witnessing strong adoption in infrastructure projects, driven by urbanization and governmental investments in smart cities and transport networks. The surge in renewable energy projects, especially wind and solar, is also fueling demand for specialty steel wires used in cable support systems and s


Al Yamamah Steel Industries Company delivered a strong financial performance in the first quarter of the 2025–2026 fiscal year. The company reported that its net profit rose by 719% year on year to SAR 37.61 million, compared with SAR 4.59 million in the same period of the previous fiscal year. On a quarterly basis, the company’s profit increased by 111.6% compared with SAR 17.77 million recorded in the final quarter of the 2024–2025 fiscal year. The company’s revenues rose by 2.84% year on year to SAR 498.2 million, compared with SAR 484.44 million in the corresponding period of the previous fiscal year. Al Yamamah Steel Industries Company attributed the strong increase in profit to higher sales volumes in the electricity and renewable energy sectors, as well as lower sales costs in these segments. The company noted that the robust growth in both sales volume and value in the renewable energy segment played a key role in the results. During the period, sales in the electricity sector


Stegra has announced the appointment of Markus Holm as Chief Financial Officer, effective 1 March 2026. With more than 20 years of experience across the process industry, green energy, and entrepreneurship, Holm will be responsible for the company’s financial management. Holm will succeed Otto Gernandt, who has spent more than five years at Stegra and has decided to step down to pursue new opportunities. To ensure a smooth transition, Gernandt will remain with the company as a senior advisor, focusing on ongoing financing activities. Throughout his career, Holm has held CFO and senior executive positions at multinational companies and start-ups. He brings financial management experience across a wide range of sectors, from carton, tissue, and pulp to pharmaceuticals and green energy. Most recently, he served as CFO and Board Member at Elcogen Group. He previously held CFO and COO roles at Sanoma Corporation, as well as CFO positions at Metsä Board and Metsä Tissue Corporation. Otto Ger


According to a statement released by Pilbara Ports, operations at the port were gradually restarted from Sunday as Tropical Cyclone Mitchell moved southward away from northwestern Australia. Port Hedland plays a critical role in iron ore shipments for leading mining companies, including BHP Group and Fortescue Ltd., and alone accounts for a significant share of Australia’s total iron ore exports. As a result, the temporary closure of the port had been closely monitored due to its potential impact on the global iron ore supply chain. The Australian Bureau of Meteorology stated in a warning issued on Monday that Cyclone Mitchell was expected to track along the coast with wind gusts of up to 130 kilometers per hour before weakening after making landfall in the early hours of Tuesday. This relative improvement in weather conditions enabled the reopening of Port Hedland. However, most other major ports in Western Australia remain closed as a precautionary measure. Operations had not yet res


The 3rd Türkiye-China Business Conference, jointly organized in Istanbul by the Foreign Economic Relations Board of Türkiye (DEİK), the Turkish Industry and Business Association (TÜSİAD), and the China Council for the Promotion of International Trade (CCPIT), was held with the participation of Trade Minister Ömer Bolat. Within the scope of the conference, the 4th China International Supply Chain Expo was introduced, and cooperation agreements were signed between DEİK and CCPIT, TÜSİAD and CCPIT, and between the China International Expo Center (CIEC) and ATA Holding. In his speech, Bolat recalled that diplomatic relations between Türkiye and China have reached their 55th anniversary, noting that the conference and the promotion of the expo would make a significant contribution to deepening economic and trade relations between the two countries. He stated that expectations and priorities regarding the development of economic relations were discussed during meetings with the Chinese deleg


Steel Industry News15 min readKey Takeaways Introduction: Why the Latest Nucor Steel Price Increase Matters Nucor Steel Price Actions: From $970/ton to $975/ton CSP HRC Lead Times and Supply: Why Nucor Steel Prices Can Stay Firm Seasonality and Timing: Why Nucor’s Steel Price Increases Align with Stronger Demand Ahead Global: How Today’s Nucor Steel Price Fits the Bigger Picture Demand Signals, Risk Factors, and What Could Derail Higher Steel Prices Practical Implications: How Buyers Can Navigate Nucor Steel Price Increases Conclusion: What Nucor’s Latest Steel Price Move Tells Us About 2026 Check out our most recent articles below: 📬 ✅ Nucor lifted its CSP hot rolled coil steel price to for most mills and at CSI for the week of February 9, extending its February 2026 HRC price climb. ✅ U.S. hot rolled coil lead times have stretched to about , the longest since last March, as planned and unplanned outages and shifting market share tighten effective supply. ✅ Firmer Nucor steel prices, longer lead times, and const


Türkiye’s manufacturing export climate index, which tracks business conditions in the country’s main export markets, stood at 51.6 in December 2025. Readings above the 50.0 threshold indicate an improvement in export conditions, while values below 50 signal deterioration. Accordingly, as of January 2026, the index remained above the critical threshold for the 25th consecutive month. The latest data showed that demand conditions in export markets improved at a moderate pace, with the improvement being slightly stronger than in December. Signals of strengthening demand in key European export markets were among the main factors supporting the export climate. In the United Kingdom, output growth reached its fastest pace in around one and a half years in January, while growth momentum also picked up in Germany. These two countries together account for approximately 15% of Türkiye’s manufacturing exports. In other parts of Europe, economic activity increased in Italy, Spain, the Netherlands


Minister for Industry and Innovation Tim Ayres stated that the decision was the outcome of an evidence based and rigorous process carried out by the Commission, emphasizing Australia’s commitment to open and rules based trade. Ayres also noted that the trade measures are aligned with the country’s obligations under international trade agreements. The decision signals a potential increase in trade tensions between Australia and China, which is Australia’s largest iron ore export market. Australia’s iron ore exports to China are expected to reach approximately AUD 114 billion in the 12 month period ending in June. On the Chinese side, state backed buyers are taking steps to strengthen their pricing power in the market. According to calculations based on Chinese customs data cited by Bloomberg, China’s steel shipments to Australia recorded double digit growth in 2023 and 2024. However, shipments remained flat in 2025 at around 782,000 tonnes, accounting for less than 1% of Australia’s tot


Nová Huť’s most important investment plan stands out as a project to install an electric arc furnace with an annual steel production capacity of up to 1.5 million tons. Representing a comprehensive technological and financial transformation, the investment is currently estimated at around CZK 17 billion. It is noted that the implementation of the project could take several years, with the process expected to be shaped by market conditions, the economic outlook, and the regulatory framework. Ivo Chmelík, Production and Technical Director of Nová Huť, stated that project preparations are currently at the forefront, adding that technical documentation and the required permits are being prepared. Chmelík also emphasized that developments in energy markets, the steel sector, and legislation are being closely monitored. The company has received support from the Ministry of the Environment’s Modernisation Fund during the preparation phase of this strategic investment. The support was provided


According to data compiled by SteelRadar from the Turkish Statistical Institute (TÜİK), Türkiye’s rebar (reinforcing bar) exports increased by 7.6% year on year in December, rising from 355,847 tons to 383,175 tons. Compared to the previous month of November, exports were up by 4.31%. For 2025 as a whole, rebar exports increased by 20.8%, increasing from 3,424,383 tons to 4,135,597 tons. In the month in question, Yemen, the United States and Palestine ranked as the top three destinations for Türkiye’s rebar exports. Exports to Yemen totaled 89,245 tons, followed by the United States with 64,254 tons, and Palestine with 24,330 tons. The countries to which Türkiye exported rebar in 2025 were as follows:


The tender, for which bids were collected on 22 January 2026, was concluded following the completion of the evaluation process. As a result of the assessment, it was determined that the tender was awarded to Mazlum Mangtay with a bid of TRY 821,669,935. The finalized tender decision was officially notified to the bidding companies on 5 February 2026. Following the completion of the legal procedures to be carried out in accordance with the applicable legislation, an invitation to sign the contract is expected to be sent to the successful contractor. The tender, with an estimated cost of TRY 940,027,819, attracted bids from a total of four bidders. Accordingly, Mazlum Mangtay submitted the lowest bid at TRY 821,669,935, followed by Ümran Çelik Boru with TRY 876,208,502, Hatboru Sanayi with TRY 886,240,381, and Noksel Çelik Boru with a bid of TRY 963,020,152. Under the scope of the tender, a total of 163,948 meters of steel pipes will be supplied for use in the Kuluncak–Elazığ Natural Gas


In a statement released on Friday, it was noted that the move could end the long-standing dispute with Thyssenkrupp over HKM’s future. Salzgitter stated that resolving the uncertainty surrounding HKM—jointly owned by Salzgitter, Thyssenkrupp Steel Europe (TKSE), and France-based Vallourec with stakes of 50%, 30%, and 20% respectively—is of critical importance for the company, which employs around 3,000 people and has been facing difficulties for some time. The agreement is also expected to remove a major obstacle in Thyssenkrupp’s ongoing talks to sell TKSE to India-based Jindal Steel International. HKM’s future had been one of the key unresolved issues within the Thyssenkrupp group, amid pressure from low-cost competitors and weakening demand. Commenting on the agreement, Salzgitter AG CEO Gunnar Groebler said: “This agreement marks an important milestone and brings us one step closer to securing a successful industrial future for HKM. It provides clarity for all parties involved and


SteelBazaar News2 min readIndia’s leading steelmakers — Tata Steel, JSW Steel, and Jindal Steel & Power — have witnessed a sharp rally in their stock prices, surging up to 18% over the past month. The bullish momentum is fueled by a combination of strong domestic demand, easing input costs, and improved global sentiment around infrastructure and capital goods. Investors are optimistic as steel prices remain stable while capacity utilization improves across major plants. The government’s continued push on infrastructure development, particularly under the National Infrastructure Pipeline (NIP), has been a key demand driver. In addition, expectations of increased exports due to global supply adjustments have further boosted investor confidence. Tata Steel and JSW Steel hit fresh 52-week highs, with analysts pointing to solid operational performance, healthy balance sheets, and strategic capital expenditure plans. Jindal Steel, meanwhile, has benefited from its focus on cost-efficiency and product diversificat


It was reported that the agreement covers the production of dump bodies and buckets for the mining and heavy industry sectors, as well as after-sales and service operations. Miilux Oy Finland, which has reached its capacity limits in the production of armor steel and wear-resistant steel, aims to activate Häggblom’s idle capacity through this acquisition in order to increase production volumes and profitability. It was stated that the transaction, completed under advantageous cost conditions, positions Miilux Oy strongly within the European market in its field of activity. With this move, Miilux Oy aims to expand its product and service portfolio, offer more comprehensive solutions to customers in the mining and heavy industry sectors, strengthen its market position, and ensure that the investment contributes to the long-term returns of OYAK members.
