Turkey's semi-finished steel imports dropped by 43.7pct month-on-month and plunged by 50pct YoY to approximately 155,000 tons in May 2024, according to data from the Turkish Statistical Institute (TUIK). In the first…
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…
Baosteel, the world's largest steel producer and part of the Baowu Group, has signed a contract with Primetals Technologies for a new continuous casting project in Shanghai. This marks the third caster order from Baowu…
Iranian steelmakers experienced substantial growth in exports during the first quarter of the current fiscal year 2024 (March 21 - June 21). According to the latest data released by the Iranian Steel Producers…
Iranian finished steel consumption witnessed a 0.5pct YoY increase during the first two months of the current Iranian year (March 21-May 21), reaching 3.59 mln tons for finished products, according to the Iranian Steel…
Turkish steel producer, Kardemir has decreased billet and wire rod prices, according to its latest price list. Kardemir's S235JR grade 150 mm billet is now offered at USD 575 per ton EXW, representing a decrease from…
Turkish steel producer, Kardemir has announced an adjustment in rebar and billet prices, according to its latest price list. The company has increased the prices of 12-32 mm rebar sizes to TRY 15,000 (USD 635) per ton…
The Pakistan Bureau of Statistics (PBS) released a report stating that the country's Large Scale Manufacturing Industries (LSMI) production witnessed a significant decline of 21.07pct YoY in April 2023. The production…
Several steel manufacturers in Egypt have been compelled to halt or reduce production and even shut down their factories due to a shortage of foreign currency required for importing raw materials, according to a local…
Oman’s Jindal Shadeed Iron and Steel (JSIS), the largest privately-owned integrated steel producer in the GCC region, has announced a comprehensive set of initiatives aimed at significantly reducing its carbon dioxide…