HRC imports rise in Jan 2025
Turkey's HRC imports reached approximately 425,600 tons in January 2025, marking a 2pct increase compared to the same month last year, according to the Turkish Statistical Institute (TUIK). The HRC imports into Turkey…
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Turkey's HRC imports reached approximately 425,600 tons in January 2025, marking a 2pct increase compared to the same month last year, according to the Turkish Statistical Institute (TUIK). The HRC imports into Turkey…
Tatcelik has appointed Tolga Yalgi as General Manager and Chairman of the Executive Board, effective February 24, to drive its innovation-focused vision. Yalgi has extensive experience in the automotive industry. He…
Dubai-based steel fabricator, Fabtech Engineering has signed a strategic agreement with French industrial leader Groupe M to drive innovation and sustainability in the UAE's nuclear and renewable energy sectors…
Pakistan's scrap imports fell by 6.74pct YoY in February 2025, totaling 238,043 tons, according to the Pakistan Bureau of Statistics (PBS). However, on a monthly basis, imports rose by 11.33pct compared to January 2025…
Pakistan's finished steel imports saw a sharp increase in February 2025, reaching 326,859 tons, a 70.7pct YoY rise from 191,481 tons in February 2024, according to the Pakistan Bureau of Statistics (PBS). On a monthly…
NMDC Energy has received a USD 2.6 bln letter of award for a project in Abu Dhabi, according to its stock exchange filing. Under the agreement, NMDC Energy will provide engineering, procurement, and construction (EPC)…
South Korea's Doosan Enerbility has signed a USD 612 mln contract with the Saudi Electric Power Corporation (SEPC) to build the 1.8 GW PP12 CCGT power plant, located 150 km northwest of Riyadh. The project includes…
The European Commission (EC) has released its preliminary findings on the anti-dumping investigation into hot-rolled flat steel imports from Egypt, India, Japan, and Vietnam. As a result, the EC has proposed provisional…
Saudi Arabia's Group Five Pipe posted a significant surge in net profit, reaching SAR 38.5 mln (USD 10.2 mln) in 2024, compared to SAR 9.37 mln in the previous year, according to a stock exchange filing. Revenues more…
Turkey's rebar exports soared to 415,600 tons in the latest reporting period, marking a significant increase of over 55pct YoY, according to data from the Turkish Statistical Institute (TUIK). Month-on-month, exports…
Turkish steel producer Colakoglu Metalurji has joined the Global Steel Climate Council (GSCC), a platform driving the industry's transition to net-zero emissions by 2050 and promoting low-carbon steel production. This…
Turkish steel manufacturer Kocaer Celik reported a sharp decline in net profit for 2024. In a stock exchange filing, the company announced a net profit of TRY 83.12 mln (USD 2.26 mln), a significant drop from TRY 1.7…
Kandil Steel, a leading flat steel manufacturer in the Middle East, is expanding its production capacity with significant factory upgrades. According to Egypt's State Information Service, Prime Minister Moustafa…
Iran's steel production has faced a 6.7pct decline in the first 11 months of the current Iranian calendar year (March 2024-February 2025), according to the Iranian Steel Producers Association (ISPA). The downturn has…
The UAE Steel Producers Committee (SPC) has inaugurated its new headquarters at Aldar Building in Abu Dhabi, marking a key step in its efforts to support the country's industrial sector. The new headquarters reflect…
Turkey's scrap import prices continued to rise this week, reaching USD 370-380 per ton CFR, up from USD 365-375 per ton CFR last week. The price increase is driven by higher collection costs, a stronger Euro against the…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have reduced CRC and galvanized coil prices by PKR 15,000 (USD 53) per ton, effective March 11, 2025. This marks the first price…
Turkey's scrap imports fell 20pct in January 2025 YoY, according to data from the Turkish Statistical Institute (TUIK). The country imported 1.5 mln tons during the period, down from 1.8 mln tons in the same month last…
Morocco's Ministry of Industry and Commerce has initiated an anti-dumping investigation into galvanized wire imports from Egypt and the United Arab Emirates, as announced in a public notice. The probe follows a…
Turkish steelmaker Kardemir has raised billet prices by USD 15 per ton, according to its latest price list. The price for S235JR grade billets is now set at USD 500 per ton EXW, while B420 grade billets are offered at…
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