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
Iron ore futures declined on Tuesday as demand concerns overshadowed persistent hopes for stimulus measures. According to recent data from the China Iron and Steel Association (CISA), major member steel producers…
The latest data from the World Stainless Association (Worldstainless) showed that global stainless steel melt shop production increased by 5.5pct YoY in Q1 2024, reaching 14.585 mln tons. However, the output declined by…
Egypt's steel producer, Ezz Steel, reported a profit in the first quarter of 2024, according to the company's financial statement. The company recorded a profit of EGP 1.26 bln (USD 26.2 mln), compared to a loss of EGP…
JSW Steel reported a 1pct YoY decrease in consolidated crude steel production for the first quarter of FY25, reaching 2.09 mln tons, according to a stock exchange filing. The company attributed this decline, which also…
India's Shyam Metalics and Energy announced a significant increase in its stainless steel production, which surged 100.69pct YoY to 7,015 tons in June 2024, compared to 3,496 tons in June 2023. However, the production…
Tata Steel reported a 5pct YoY increase in crude steel production to 5.25 mln tons in Q1 FY25 in its Indian operations. However, production was lower compared to the previous quarter due to planned maintenance…
Turkey's crude steel output increased by nearly 20pct YoY in the first five months of 2024, reaching 15.5 mln tons from January to May, according to the Turkish Steel Producers' Association (TCUD). In May 2024, Turkey's…
The Middle East's crude steel production increased by 7.7pct YoY to 24 mln tons in the first five months of 2024, according to data from the World Steel Association. In May 2024, the region saw a 4.6pct YoY growth…
Vietnam’s major steel producer, Hoa Phat Group posted a revenue of VND 29,800 bln (USD 1.25 bln) in Q2 2023, showing a decline of 21pct compared to the same period in the previous year. The company’s profit after tax…
AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, has reported a significant increase of 54.24pct YoY in earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q1, reaching USD…
ArcelorMittal, the world's leading integrated steel and mining company, reported its financial results for Q2 and H1 2023, revealing a significant decline in core profit (EBITDA). The company's Q2 2023 EBITDA reached…
According to the latest data from the World Steel Association, the Middle East witnessed a 3pct growth in crude steel production during the first half of 2023, reaching a total of 23 mln tons compared to the same period…
According to Acerinox's financial statement, the Spanish steelmaker experienced a significant decline in profits during both Q2 and H1 of 2023. In Q2 2023, the company's net profit dropped by 59pct YoY, amounting to EUR…
Tata Steel reported a significant decline in consolidated net profit for the April-June quarter of FY 2023-24, with profits falling by over 93pct to INR 524.85 crores (USD 64 mln). The company attributed the decline in…
Major Indian steel producer, JSW Steel Limited, has announced its financial results for the first quarter of fiscal year 2024, ending on June 30, 2023. The company reported a substantial YoY increase in revenue…
Turkish steel producer MMK Metalurji faced a significant slump in steel output in the first half of 2023 due to the closure of one of its plants following an earthquake in Southern Turkey and weak demand. Part of…
China's crude steel output saw a 1.1pct increase in June compared to May and a 0.4pct increase from the previous year, according to the National Bureau of Statistics (NBS). China manufactured 91.11 mln tons of steel…
Bangladesh's production of crude steel has experienced a significant decline, reaching a three-year low of 5.2 mln tons. This situation is indicative of reduced demand for primary construction materials due to decreased…
According to the latest statistics released by World Stainless Association (Worldstainless), stainless steel melt shop production decreased by 5 pct YoY to 13.66 mln tons in the first quarter of 2023. The stainless…
Ferrexpo Plc, an iron ore pellet producer, announced an 18pct QoQ increase in production during Q2, despite the ongoing conflict in Ukraine and related energy and logistics challenges. The company successfully operated…
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