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
China’s imports of iron ore climbed by 7.4pct in June from a year before, customs data showed, thanks to solid demand from domestic steelmakers. The world’s largest iron ore consumer brought in 95.52 mln tons of the…
Egypt's exports of iron and steel increased by 46pct YoY to USD 943 mln in the first five months of 2023, compared to USD 647 mln during the same period the previous year. According to the Export Council for Building…
In May, Turkish wire rod exports showed a notable rebound, increasing by 47pct compared to the previous month. However, the YoY figures remained bleak, with exports plummeting by 63pct. The total exports for May…
The Egyptian Ministry of Trade and Industry has announced that it will maintain tariffs on steel rebar imports from China, Turkey, and Ukraine for a period of five years. The antidumping duties on rebar imports from…
SteelAsia Manufacturing Corp., the largest steel manufacturer in the Philippines, announced that it has successfully exported more than 36,000 tons of rebars to Canada. The Chairman and CEO of SteelAsia, Benjamin Yao…
Ferrexpo Plc, an iron ore pellet producer, announced an 18pct QoQ increase in production during Q2, despite the ongoing conflict in Ukraine and related energy and logistics challenges. The company successfully operated…
Egyptian steel producer, Ezz Steel, faced a net loss in Q1 2023 as profitability was impacted by sharp currency depreciation. According to the company's financial statement, they posted a net loss of EGP 2.489 bln in Q1…
Japan’s crude steel output is forecast to rise 2.2pct in the July-September quarter from a year earlier, backed by a moderate recovery in automobile production and higher exports, the Ministry of Economy, Trade and…
According to provisional government data, India's import of finished steel reached its highest level since 2021, totaling 0.9 mln tons in April and May. This marked a significant increase of 27pct compared to the same…
According to data from the Turkish Statistical Institute (TUIK), Turkey witnessed a significant 72 pct increase in HRC imports in May, totaling 589,174 tons. The surge in imports was primarily driven by a sharp increase…
Turkey experienced a significant decline of 19.1 pct YoY in crude steel production in the first five months of 2023, amounting to 13 mln tons. In the month of May alone, there was a 10.3 pct YoY decrease, resulting in…
China is set to export the most steel this year since 2016, say analysts, as the weakening yuan and competitive prices help the world's biggest producer offload surplus metal due to weak demand at home. China's massive…
Preliminary data from the Census Bureau reveals that the United States imported a total of 2.31 mln tons of steel in May 2023. Among these imports, finished steel amounted to 1.86 mln tons, marking a decrease of 2.6pct…
Turkish steel exports to the GCC region experienced a mixed performance in May 2023. While Turkish steel exports to Saudi Arabia declined, there was a notable increase in exports to the UAE and Qatar. In May 2023, the…
The State Bank of Pakistan (SBP) has eased the import restrictions that were imposed in December last year in an attempt to appease the International Monetary Fund (IMF). However, both the business community and…
According to data from TUIK (Turkish Statistical Institute), Turkey witnessed an increase in both steel imports and exports under HS code 72 in May 2023, compared to the previous month. Steel import volume saw a…
According to data from the Steel Ministry, several key export markets for India's steel, including Vietnam, Italy, Spain, Belgium, UAE, and others, either reduced their orders or maintained them at the same level in May…
Turkish steel producer, Kocaer Celik announced through a stock exchange filing that it has secured a steel profile order worth USD 24.8 mln for both the American continent and Europe. The company is scheduled to deliver…
UAE's AD Ports Group, a leading operator of industrial cities and free zones, has entered into a 50-year concession agreement with Pakistan's federal agency Karachi Port Trust. The agreement entails a joint investment…
The Carbon Border Adjustment Mechanism (CBAM) framework will impact India's 15-40 pct of steel exports to Europe, Icra said. The impact will be seen from the calendar year 2026 to 2034, the rating agency said in a…
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