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
Lower electricity supplies to Iranian steel producers caused a significant drop in output during the first half of the calendar year, which began in late March, according to the Iranian Steel Producers Association…
India's Jindal Saw reported robust net profit growth for the quarter ending September 30, 2024. The company's net consolidated profit rose 33.6pct YoY to INR 4.75 bln (USD 56.5 mln), while revenue increased by 12.1pct…
JSW Steel reported a 6pct YoY increase in consolidated crude steel production for the second quarter of FY25, reaching 6.77 mln tons, with a 9pct rise compared to the previous quarter. In India, however, production…
India became a net steel importer in the first half of FY25, ending September 30, 2024, with steel imports rising 41pct YoY to 4.7 mln tons, while exports dropped 36pct YoY to 2.3 mln tons, according to a Steel Ministry…
Tata Steel reported a 4.56pct YoY increase in crude steel production, reaching 5.27 mln tons in Q2 FY25 from its Indian operations. During the same period, Tata Steel India recorded a 5pct YoY rise in deliveries…
Turkey's crude steel production surged by 14.8pct YoY, reaching 24.8 mln tons in the first eight months of 2024, according to data from the Turkish Steel Producers' Association (TCUD). In August 2024 alone, production…
Crude steel production in the Middle East rose by 3pct YoY to 35.5 mln tons during the first eight months of 2024, according to the World Steel Association. However, in August 2024, the region saw a 3.2pct YoY decline…
India's finished steel imports from China reached a seven-year high in the first five months of the 2024/25 fiscal year, according to provisional government data reported by Reuters. Overall, India's finished steel…
Iran's production of semi-finished steel has declined in the first five months of Iranian fiscal year, primarily due to widespread electricity cuts this summer, according to industry sources. The Iranian Steel Producers…
JSW Steel reported a 1pct YoY increase in consolidated crude steel production for August 2024, reaching 2.31 mln tons, according to a stock exchange filing. In India, production rose by 2pct to 2.24 mln tons, up from…
Turkish steel manufacturer Cemtas Celik reported a net profit of TRY 26 mln (USD 764,456) in H1 2024, a significant drop from TRY 95.4 mln in the same period last year, according to its financial statement. During this…
Turkey's crude steel production increased by nearly 15pct YoY, reaching 21.7 mln tons in the first seven months of 2024, according to the Turkish Steel Producers' Association (TCUD). In July 2024, crude steel production…
Indian state-owned iron ore miner NMDC reported a nearly 10pct YoY decline in production, reaching 3.07 mln tons in August compared to 3.41 mln tons in August of the previous year, according to a BSE filing. Sales also…
Tata Steel UK's Llanwern steelworks has set a new weekly output record of 14,077 tons, surpassing the previous record by 242 tons, following the introduction of a new technology system on its Zodiac galvanizing line…
Turkish steel manufacturer Karabuk Demir Celik (Kardemir) reported an increase in losses for the first half of 2024, according to the company's financial statement. Kardemir's net loss reached TRY 1.829 bln (USD 53.6…
Major Chinese steel producer, Baoshan Iron & Steel (Baosteel) reported nearly unchanged net profit for the first half of 2024, as strong overseas orders and cost-cutting measures counterbalanced weak domestic demand…
The Middle East's crude steel production rose by 3.7pct YoY (YoY) to 32.2 mln tons in the first seven months of 2024, according to the World Steel Association. However, the region saw a 10.1pct YoY decline in July 2024…
The European Carbon Border Adjustment Mechanism (CBAM) tax on steel imports and the increasing need for industry decarbonization have led India to reassess its seven-year-old National Steel Policy (NSP), according to…
Turkey's leading steel producer, Erdemir Group reported a net profit of TRY 10.389 bln (USD 308 mln) for H1 2024, reversing a loss of TRY 3.99 bln in the same period last year. The company's sales revenue surged by…
Vietnam's finished steel production is expected to reach 30 mln tons this year, a 7pct increase from last year, according to the Ministry of Industry and Trade (MoIT). However, the sector faces challenges, including…
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