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
Amid global challenges in the steel industry, Turkish steelmakers are aiming to boost their capacity utilization from the current 62.6pct to 70pct next year, according to Veysel Yayan, General Secretary of the Turkish…
Turkey's crude steel production rose by 12.4pct YoY to 30.9 mln tons in the first ten months of 2024, according to the Turkish Steel Producers' Association (TCUD). In October 2024, production grew slightly by 0.7pct YoY…
Iron ore futures rose on Monday, buoyed by restocking activities as steel mills prepared for potential winter disruptions and the upcoming February holiday. This proactive inventory replenishment provided some support…
Crude steel production in the Middle East increased by 1.3pct YoY, reaching 44.1 mln tons during the first ten months of 2024, according to the World Steel Association. In October 2024, the region saw a 5.4pct YoY…
Turkish steelmaker Karabuk Demir Celik (Kardemir) reduced its net losses during the first nine months of 2024, according to its financial report. The company reported a net loss of TRY 2.963 bln (USD 85.9 mln) for…
India's finished steel imports surged to a seven-year high of 5.7 mln tons during April-October, according to provisional government data, marking a continuation of the trend from FY24 when India became a net importer…
Steel Authority of India Limited (SAIL) reported a 31pct decline in consolidated net profit, totaling INR 897.15 crore (USD 106.2 mln) for the quarter ending September 30, 2024, down from INR 1,305.59 crore in the same…
India's steel imports from April to September were led by China, with the country remaining a net importer, according to provisional government data, Reuters reported. India imported 4.7 mln tons of finished steel…
Tata Steel Ltd reported a consolidated profit after tax of INR 759 crore (USD 90 mln) for the quarter ended September 30, 2024, marking a 17.4pct YoY decrease. However, the company rebounded significantly from a loss of…
ArcelorMittal, the global leader in steel and mining, reported a decline in earnings for Q3 2024. EBITDA fell 26.4pct YoY to USD 1.58 bln, also down 15.1pct compared to Q2 2024. This was mainly due to weaker results in…
Egypt's rebar production grew by 11.3pct YoY to 6.403 mln tons in the first nine months of 2024, according to a local news report. Rebar sales in the local market also rose by 3pct YoY during January-September, reaching…
JSW Steel reported a 1pct YoY decrease in consolidated crude steel production for October 2024, totaling 22.81 mln tons, according to the company's stock exchange filing. In India, the company's steel output fell by…
Turkey's crude steel production rose by 14pct YoY to 27.9 mln tons in the first nine months of 2024, according to the Turkish Steel Producers' Association (TCUD). In September alone, production grew 6.5pct YoY to 3.1…
Oman's Al Jazeera Steel Products Co. reported significant profit growth for the first nine months of 2024, with profit reaching OMR 3.9 mln (USD 10.1 mln), a 62pct increase YoY, driven by strong construction demand in…
Turkey's leading steel producer, Erdemir Group, reported a net profit of TRY 11.28 bln (USD 329 mln) for the first nine months of 2024, a turnaround from a TRY 3.83 bln loss in the same period last year. Sales revenue…
China's leading steel producer, Baoshan Iron & Steel (Baosteel), reported a nearly 65pct drop in net profit for the third quarter, primarily due to declining steel prices. In a filing to the Shanghai Stock Exchange, the…
Iron ore futures recovered on Friday, supported by improved production figures, though concerns over steel demand persist. Daily crude steel output among China Iron & Steel Association (CISA) member mills for…
The latest data from the World Stainless Association (Worldstainless) reveals that global stainless steel production at melt shops rose by 6.3pct YoY in the first half of 2024, reaching 30.37 mln tons. China remained…
Crude steel production in the Middle East fell by 1.5pct YoY to 38.4 mln tons during the first nine months of 2024, according to the World Steel Association. In September 2024, the region experienced a sharp 23pct YoY…
Iron ore futures declined on Tuesday as lower steel production and weakening demand dampened market sentiment. In September 2024, China's crude steel output in key steelmaking regions dropped nearly 7pct YoY to 54 mln…
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