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
Global stainless steel production reached 16.36 mln tons in Q2 2025, up 3.1pct YoY and 5pct quarter-on-quarter, according to the World Stainless Association (Worldstainless). China remained the dominant producer, with…
China's Baoshan Iron & Steel (Baosteel) posted a 7.4pct YoY rise in net profit to 4.88 bln yuan (USD 682 mln) in the first half of 2025, despite a 7.3pct drop in operating income to 151.37 bln yuan (USD 21 bln)…
Iron ore futures extended losses on Wednesday as the market grappled with oversupply worries and weakening steel demand in China. Blast furnace mills have kept production strong in recent weeks, supported by healthy…
The MENA region produced 62.51 mln tons of direct reduced iron (DRI) in 2024, up 2.66pct YoY, according to Midrex. The region represented 44pct of global DRI output. Iran led MENA production with 34.15 mln tons…
Crude steel production in the Middle East fell 0.9pct YoY to 32.3 mln tons in the first seven months of 2025, according to the World Steel Association. However, July output jumped 27pct YoY to 4.4 mln tons. The region…
Abu Dhabi-based Al Gharbia Pipe Company set a new monthly record in JCO pipe production in July 2025, producing more than 5,000 pipes with output exceeding 40,000 tons. This marks the company's highest production level…
Iron ore futures slipped on Wednesday as steel production curbs and soft demand weighed on sentiment. Authorities have ordered several mills in Tangshan to cut sintering output between August 25 and September 3, 2025…
Iron ore futures fell on Friday as continued weakness in China's property sector and disappointing economic data dampened market sentiment. According to the National Bureau of Statistics (NBS), China's economy showed…
Pakistan's National Tariff Commission (NTC) has recommended cutting import duties on steelmaking raw materials, including scrap, to zero, aiming to secure uninterrupted supply and reduce production costs, according to a…
JSW Steel's consolidated crude steel production rose 19pct YoY to 2.624 mln tons in July 2025, the company said in a stock exchange filing. Output from Indian operations climbed to 2.55 mln tons, while JSW Steel…
Turkish steelmaker Karabuk Demir Celik (Kardemir) significantly reduced its losses in the first half of 2025, according to its latest financial report. Net loss fell to TRY 254.21 mln (USD 6.2 mln) from TRY 2.47 bln a…
India's state-owned NMDC Ltd produced 3.09 mln tons of iron ore in July 2025, up 42.4pct YoY. Sales rose 13pct to 3.46 mln tons from 3.06 mln tons a year earlier. Operating three fully mechanized mines, two in…
Turkey's major steel producer, Erdemir Group reported a sharp decline in net profit for the first half of 2025, according to its latest financial results. Net profit fell to TRY 1.81 bln (USD 44.5 mln), down…
Turkey's steel exports rose by 18.6pct YoY in the first half of 2025, reaching 7.7 mln tons, according to the Turkish Steel Producers' Association (TCUD). Export revenues grew by 8.8pct to USD 5.2 bln. In June alone…
ArcelorMittal reported a net income of USD 1.79 bln for Q2 2025, up from USD 1 bln a year earlier, driven by USD 0.8 bln in exceptional gains (net of impairments and tax effects). Quarterly sales rose 7.6pct YoY to USD…
Vietnam's steel exports declined by 13pct in the first half of 2025, with export revenue falling 22.5pct YoY to USD 3.7 bln, according to the Vietnam Steel Association (VSA). Despite the export slump, domestic…
Al Jazeera Steel Products Co. posted a 60pct YoY increase in net profit for the first half of 2025, reaching OMR 4.12 mln (USD 10.68 mln), up from OMR 2.56 mln in the same period last year, according to its latest…
Crude steel production in the Middle East fell by 5.4pct YoY to 27.5 mln tons in the first half of 2025, according to the World Steel Association. Output in June dropped 4.9pct to 4.3 mln tons. The decline was primarily…
Iron ore futures extended their decline on Thursday, pressured by rising supply from major producers. In contrast, coking coal prices continued to climb amid persistent supply concerns. Brazil's Vale reported a 3.7pct…
JSW Steel Limited, one of India's leading steel producers, has announced its financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company posted a modest revenue increase of 0.48pct YoY…
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