Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
909 news items in Import / Export. Show all
Australia has announced the initiation of an antidumping investigation into imports of certain rebar from Turkey, alongside products from Indonesia, Malaysia, and Vietnam, according to a notice from the Australian…
Murat Cebecioglu, chairman of IREPAS (International Rebar Exporters and Producers Association), highlighted at a conference the growing instability in the global long steel industry's supply and demand balance, with…
Turkey exported approximately 1.17 mln tons of welded steel pipes in the first seven months of this year, marking an 11pct increase compared to the same period last year, according to the Turkish Statistical Institute…
China's steel crisis is driving a wave of bankruptcies and accelerating industry consolidation, according to a Bloomberg Intelligence (BI) report. Nearly three-quarters of Chinese steelmakers reported losses in the…
India's finished steel imports from China reached a seven-year high in the first five months of the 2024/25 fiscal year, according to provisional government data reported by Reuters. Overall, India's finished steel…
Turkey's scrap import prices declined this week as Turkish steel mills booked several European-origin scrap cargoes at lower prices. Scrap import prices were assessed at USD 360-365 per ton CFR, down from USD 370 per…
The UAE and Australia have finalized negotiations for a Comprehensive Economic Partnership Agreement (CEPA) aimed at enhancing trade and investment ties. The UAE is Australia's largest trade partner in the Middle East…
Steelmakers in the Middle East and North Africa (MENA) are poised to lead the global shift to green iron and steel production, according to the Institute of Energy Economics and Financial Analysis (IEEFA). Advances in…
Turkey imported approximately 118,100 tons of pig iron in July 2024, a 16pct YoY decrease but a 37pct increase compared to the previous month, according to data from the Turkish Statistical Institute (TUIK). In the…
Ezz Steel, Egypt's leading steel producer, reported a profit in the first half of 2024, according to its financial statement. The company achieved a profit of EGP 2.27 bln (USD 46.9 mln), reversing a loss of EGP 810 mln…
Demand for rebar and wire rod is projected to reach 7.5 mln tons in 2024, according to Jassem Abbas, Vice Chairman of the National Committee for Steel Industry (NSCI) and General Manager of Sales, Marketing, and…
Turkey's CRC imports totaled 423,000 tons in the first seven months of this year, a 16pct decrease compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). In Jan-Jul 2024…
Canada has issued a final determination on the dumping of Egyptian wire rod, according to a notice from the Canada Border Services Agency (CBSA). The CBSA also confirmed final antidumping margins on wire rod imports…
Turkey's scrap import prices remained stable this week as buyers evaluated the market in light of cheaper billet offers from China. Scrap prices were assessed at USD 370 per ton CFR, unchanged from the previous week…
Turkey's HRC exports reached 1.4 mln tons in the first seven months of this year, marking a significant 145pct increase compared to the same period last year, according to data from the Turkish Statistical Institute…
Turkey's semi-finished steel imports (billet and bloom) reached approximately 261,250 tons in July, reflecting a 7.8pct YoY decline. However, imports surged by 59pct compared to the previous month. In the first seven…
Turkish steel manufacturer Cemtas Celik reported a net profit of TRY 26 mln (USD 764,456) in H1 2024, a significant drop from TRY 95.4 mln in the same period last year, according to its financial statement. During this…
Turkey's wire rod exports reached approximately 572,000 tons in the first seven months of 2024, marking a significant 98pct increase compared to the same period last year, according to the Turkish Statistical Institute…
The Indian Ministry of Finance has extended the countervailing duty on imports of welded stainless steel pipes and tubes from China and Vietnam for an additional five years. This decision follows the Directorate General…
Turkey exported around 1.9 mln tons of rebar in the first seven months of 2024, marking a 10pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). The top three destinations for Turkish rebar…
“Premium Content” marks a news item that needs a subscription to read in full.
