HRC imports fall in H1 2025
Turkey imported 1.87 mln tons of HRC in the first half of 2025, down more than 8pct YoY, according to data from the Turkish Statistical Institute (TUIK). China was the leading supplier, shipping 709,500 tons, followed…
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Turkey imported 1.87 mln tons of HRC in the first half of 2025, down more than 8pct YoY, according to data from the Turkish Statistical Institute (TUIK). China was the leading supplier, shipping 709,500 tons, followed…
Turkish steelmaker Karabuk Demir Celik (Kardemir) significantly reduced its losses in the first half of 2025, according to its latest financial report. Net loss fell to TRY 254.21 mln (USD 6.2 mln) from TRY 2.47 bln a…
EMSTEEL's steel business unit, Emirates Steel Industries, has become the first company in the Middle East and North Africa to receive ResponsibleSteel Core Site certification, following a rigorous audit by international…
UAE-based steel engineering and fabrication firm Ikigai Steel is set to expand its footprint into Canada and Africa, aiming to boost annual production capacity to 45,000 tons. Operating from its 548,000-square-foot…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) posted a steep drop in first-half 2025 earnings, according to a stock exchange filing. Net profit fell 67.2pct YoY to SAR 1.1 mln (USD 0.29 mln), while revenues…
Saudi Steel Pipe Co. (SSP) posted a 9.45pct YoY increase in net profit for the first half of 2025, reaching SAR 162 mln (USD 43.1 mln), according to a stock exchange filing. The company said the profit boost was mainly…
Iran's iron and steel exports rose 13pct YoY in the first four months of the current Iranian year (starting March 21), adding 469,000 tons, according to the Iranian Steel Producers Association (ISPA). The export value…
Dubai-based real estate developer TownX has appointed Ocean Stone as the main contractor for its Ashley Hills residential project. The development will comprise 616 residential units and will be completed in phases…
Turkey's scrap import prices rose this week as steel mills booked new cargoes at higher levels. Prices were assessed at USD 345-347 per ton CFR, up from USD 340-345 per ton CFR last week. Despite fresh purchases, mills…
Saudi Arabia's Al-Ittefaq Steel Products Company (ISPC) has partnered with Strataphy to introduce geothermal-powered Cooling as a Service (CAS) at its facilities, the first application of advanced geothermal cooling in…
Saudi Arabia's Al Yamamah Steel Industries Co. posted a sharp decline in net profit for the first nine months of fiscal 2025, ended June 30, with earnings down 37pct YoY to SAR 41.9 mln (USD 11 mln). The company said…
Qatar Steel posted a 26pct YoY decline in net profit for the first half of 2025, as weaker steel prices weighed on earnings, according to its parent company Industries Qatar (IQ). Net profit fell to QAR 265 mln (USD 72…
Turkey's major steel producer, Erdemir Group reported a sharp decline in net profit for the first half of 2025, according to its latest financial results. Net profit fell to TRY 1.81 bln (USD 44.5 mln), down…
Honda Turkiye A.S. will establish a new motorcycle factory in Aliaga, Izmir, to support rising local demand and expand global sales, the company announced. Driven by growing needs for personal transport and commercial…
Arabian Pipes Co. (APC) of Saudi Arabia reported a nearly 40pct YoY decline in net profit for the second quarter of 2025, driven by a drop in sales volumes, according to its filing with the stock exchange. Net profit…
Turkish steel producer Kardemir has launched a new sales round for rebar, announcing updated prices in its latest price list. The company raised its rebar price to TRY 22,625 per ton (USD 556), up from TRY 22,250 per…
Turkey exported approximately 2 mln tons of rebar in the first half of 2025, marking a 28pct year-on-year increase, according to data from the Turkish Statistical Institute (TUIK). Yemen emerged as the top destination…
Libyan Iron & Steel Company (LISCO) has appointed Rotary International Limited to upgrade the control system of one of its key production units, as part of efforts to enhance efficiency and reduce operational costs, the…
Dubai-based steel fabricator Emirates Building Systems (EBS) has provided steel structures for the Tinrhert Gas Fields Project in Algeria, the company announced in a statement. EBS noted that the project marks a key…
Ezz Steel, one of Egypt's leading steel producers, has kept its rebar prices unchanged for the eight consecutive month. The company's rebar price remains at EGP 38,200 (USD 788) per ton EXW, inclusive of 14pct VAT. Ezz…
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