Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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909 news items in Import / Export. Show all
Egypt's steel producer, Ezz Steel, reported a profit in the first quarter of 2024, according to the company's financial statement. The company recorded a profit of EGP 1.26 bln (USD 26.2 mln), compared to a loss of EGP…
Turkish steel producer Kardemir has announced new rebar prices according to its latest price list. The company is now offering rebar in sizes ranging from 12 to 32 mm at TRY 19,550 (USD 595) per ton, up from the…
Turkey's rebar exports surged by nearly 47pct YoY in May 2024, according to data from the Turkish Statistical Institute (TUIK). Turkish rebar suppliers exported 303,000 tons during this period, also marking a 10pct…
The U.S. has announced the implementation of a North American 'melted and poured' standard for steel products shipped from Mexico, exempting them from Section 232 tariffs. According to a statement from the White House…
Turkish steel firm Kocaer Celik recently announced substantial orders totaling USD 46.3 mln for June. These orders primarily consist of value-added steel profiles from regions such as the Middle East and North Africa…
The global long steel products market is increasingly unstable, with China moving steel billets at the lowest prices. Chinese finished products dominate most markets in both long and flat segments, with no signs of…
Turkey's scrap import prices increased further this week as steel mills booked new cargoes at higher rates. Scrap import prices in Turkey are now assessed at USD 390 per ton CFR, up from USD 385-390 per ton CFR last…
The Pakistani government has increased duties on a range of imported products, including several steel items, to reduce financial losses as the country seeks to secure a loan agreement of over USD 6 bln with the…
Turkey's scrap imports exhibited significant changes in May 2024, rising 4.2pct YoY and 20pct month-on-month to reach 1.8 mln tons. The United States remained Turkey's primary source of scrap imports, although imports…
Turkey has extended its temporary safeguard measures on wire rod imports for another three years, as announced in the official gazette. From June 15, 2024, to January 6, 2025, wire rod imports will incur a safeguard…
Turkey's crude steel output increased by nearly 20pct YoY in the first five months of 2024, reaching 15.5 mln tons from January to May, according to the Turkish Steel Producers' Association (TCUD). In May 2024, Turkey's…
India’s steel imports reached 1.3 mln tons in the first two months (April and May) of FY25, up 37pct YoY, surpassing exports, which stood at 0.94 mln tons, down 40pct YoY. This shift underscores India’s position as a…
Pakistan's scrap imports surged by 50pct YoY in June 2024, according to the Pakistan Bureau of Statistics. The country imported a total of 250,734 tons of scrap during the month, compared to 167,075 tons in the same…
In June 2024, Pakistan saw a significant surge in finished steel imports, with a 67.6pct YoY increase, according to data from the Pakistan Bureau of Statistics. The country imported 302,412 tons of finished steel during…
Bahrain Steel, a major producer and global supplier of high-grade iron ore pellets, collaborated with HSBC Bahrain to facilitate a transaction utilizing electronic Bill of Lading and ePresentation capabilities. This…
The Indian commerce ministry's investigation arm, the Directorate General of Trade Remedies (DGTR), has recommended continuing countervailing or anti-subsidy duties on welded stainless steel pipes and tubes from China…
In April 2024, Turkey saw a sharp 70.1pct YoY decline in wire rod exports, as reported by the Turkish Statistical Institute (TUIK). Despite this, April's exports totaled 41,000 tons, marking an increase of over 52pct…
Turkey witnessed a significant increase in HRC exports in April, according to data from the Turkish Statistical Institute (TUIK). In April 2024, Turkey's HRC exports totaled 175,000 tons, marking a nearly 165pct YoY…
Turkey's rebar exports surged by 64pct YoY in April 2024, according to data from the Turkish Statistical Institute (TUIK). Turkish rebar suppliers exported 276,000 tons during this period, marking a 23pct increase…
India's finished steel imports hit a five-year high in the first two months of the fiscal year 2024-25 starting in April, maintaining the country's status as a net importer, according to provisional government data…
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