Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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356 news items in Production Statistics. Show all
Pakistan's Aisha Steel Limited reported losses in the first half of fiscal year 2025, ending December 31, 2024, according to a stock exchange disclosure. The company posted a net loss of PKR 1.7 bln (USD 6 mln), a sharp…
Turkish steelmaker Karabuk Demir Celik (Kardemir) reported a deeper net loss in 2024, according to its latest financial report. The company's net loss rose to TRY 3 bln (USD 82.9 mln), up from TRY 2.29 bln in the…
India's steel imports fell sharply in February to 0.6 mln tons, marking a 40pct decline sequentially and 29pct drop month-on-month. The decline was driven by concerns over an ongoing DGTR probe, which has raised…
JSW Steel recorded a 12pct YoY increase in consolidated crude steel production, reaching 2.4 mln tons in February 2025. In India, production rose 13pct YoY to 2.32 mln tons, up from 2.05 mln tons in February 2024, with…
China plans to restructure its massive steel industry by cutting output to address overcapacity, which has led to global trade tensions, according to news reports. At the National People's Congress in Beijing, the…
Turkey's steel exports surged in January 2025, rising 23pct YoY to 1.1 mln tons, with export value increasing 14.6pct to USD 763.4 mln, according to the Turkish Steel Producers' Association (TCUD). The growth was driven…
Turkish pipe producer Borusan Pipe reported a net loss of USD 5 mln in 2024, a sharp decline from its USD 194 mln profit in 2023, citing challenging market conditions. The company attributed its losses to pricing…
India's state-owned iron ore miner NMDC reported a 17.8 pct YoY increase in production, reaching 4.62 mln tons in February 2025, up from 3.92 mln tons in the same month last year, according to a stock exchange filing…
Crude steel output in the Middle East fell by 15.3pct YoY to 4.2 mln tons in January 2025, according to the World Steel Association. The region's monitored countries include Bahrain, Iran, Iraq, Jordan, Kuwait, Oman…
Iron ore futures fell on Thursday as a deteriorating outlook for Chinese steel exports fueled demand concerns. Key markets for Chinese steel, including Vietnam and South Korea, recently announced anti-dumping measures…
Al Jazeera Steel Products Co. reported a 93pct surge in net profit for 2024, reaching OMR 7 mln (USD 18.3 mln), up from OMR 4 mln in 2023, according to its latest financial statement. Revenue rose 3pct YoY to OMR 146.68…
Turkey's leading steel producer, Erdemir Group, reported a net profit of TRY 14.19 bln (USD 391.6 mln) in 2024, more than tripling from TRY 4.32 bln in 2023. Sales revenue also saw strong growth, rising to TRY 204 bln…
Dalian iron ore futures continued to decline on Friday as weak steel demand and escalating trade tensions weighed on market sentiment. Steel consumption in China remained sluggish after the Lunar New Year holidays…
India's finished steel imports reached a record high in the first 10 months of the financial year that began in April, according to provisional government data reported by Reuters. Steel imports totaled 8.3 mln tons…
Turkey's crude steel production rose 9.4pct in 2024 to 36.9 mln tons, according to the Turkish Steel Producers' Association (TCUD), maintaining its position as the world's 8th largest producer. However, output in…
ArcelorMittal, the world's largest integrated steel and mining company, reported a net income of USD 1.339 bln in 2024, up from USD 919 mln in 2023. The increase in profit comes despite a challenging 2023, where…
According to the latest data from the World Stainless Association (Worldstainless), global stainless steel production in melt shops increased by 5.4pct YoY in the first three quarters of 2024, reaching 46.092 mln tons…
India's state-owned iron ore miner NMDC reported a 12.3 pct YoY increase in production, reaching 5.1 mln tons in January 2025, up from 4.54 mln tons in the same month last year, according to a stock exchange filing…
Jindal Steel & Power Ltd (JSPL) reported a significant decline in net profit for the third quarter of FY 2024-25, ending December 31, 2024, due to higher costs and lower margins. Revenue increased marginally by 0.42pct…
Vale's iron ore pellet production in Oman declined by 0.9pct YoY in 2024, with output totaling 9.195 mln tons, down from 9.283 mln tons in 2023. In the fourth quarter of 2024, the company produced 2.68 mln tons of iron…
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