Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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ArcelorMittal, one of the world's largest integrated steel and mining companies, announced results for the first quarter of 2026, reporting lower profit but higher revenue and improved margins. Net profit attributable…
Turkish steel producer, Erdemir Group reported a 9.4pct YoY decline in profitability in the first quarter of 2026, according to its latest financial results. Net profit fell to TRY 405.8 mln (USD 9.0 mln) from TRY 447.9…
Pakistan's Amreli Steels Limited reported a return to profitability for the nine-month period ended 31 March 2026, primarily supported by gains from loan restructuring. The company posted a net profit of PKR 868 mln…
Iron ore futures rose in the last session before the holidays on Thursday, supported by firm steel demand and stable manufacturing activity in China. China's manufacturing purchasing managers' index (PMI) stood at 50.3…
China's Baoshan Iron & Steel Co. reported weaker profitability in the first quarter of 2026, with net profit attributable to shareholders falling 8.6pct YoY to 2.23 bln yuan (USD 326 mln). Revenue rose 5.7pct YoY to…
Saudi Arabia-based Molan Steel Company reported lower revenue and wider losses for the year ended 31 December 2025, according to a filing on the Saudi Exchange. Revenue declined by 29.4pct YoY to SAR 60.9 mln (USD 16.2…
India became a net exporter of finished steel in the financial year ended 31 March 2026, supported by higher exports and a sharp decline in imports, according to a Reuters report citing provisional government data…
Turkey's crude steel production increased by 5.3pct YoY to 9.74 mln tons in the first quarter of 2026, according to data from the Turkish Steel Producers' Association. Billet output declined by 1.6pct YoY to 5.74 mln…
Jordan-based Arabian Steel Pipes Manufacturing Company reported higher net profit for the three months ended 31 March 2026, despite a decline in revenue, according to its unaudited financial statement. Revenue fell by…
Crude steel production in the Middle East declined by 33.5pct YoY to 3.5 mln tons in March, as escalating regional tensions weighed on output. As a result, regional production in the first quarter of 2026 fell 9.3pct…
Pakistan's leading pipe manufacturer International Industries Limited (IIL) reported a sharp increase in earnings for the first half of FY26 ended December 31, 2025. The company's net profit rose to PKR 2.58 bln (USD…
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that US steel imports totalled 1.769 mln net tons (1.604 mln metric tons) in March 2026, including 1.306 mln net tons (1.185…
Turkey's Tosyali Holding is advancing its global expansion strategy, including plans to begin production of automotive-grade steel at its Algerian facility in the third quarter of 2026 as part of a USD 2.5 bln…
Hoa Phat Group reported revenue of over VND 53.3 trillion (USD 2 bln) and net profit of VND 9.06 trillion (USD 344 mln) in the first quarter of 2026, up 40pct and 170pct YoY, respectively. Profit reached 41pct of the…
Crescent Steel and Allied Products Limited reported net income of PKR 770.9 mln (USD 2.76 mln) for the first nine months of FY26 ended March 31, 2026, compared with PKR 332.79 mln in the same period last year. Revenue…
Pakistan imported 208,764 tons of steel scrap in March 2026, down 29.7pct YoY from 296,929 tons in the same month last year, according to data from the Pakistan Bureau of Statistics (PBS). However, imports increased by…
Pakistan imported 252,226 tons of finished steel products in March 2026, down 20pct YoY, according to data from the Pakistan Bureau of Statistics (PBS). Imports also declined by 41pct compared with the previous month…
Steel Dynamics reported net income of USD 403 mln in the first quarter of 2026, compared with USD 266 mln in the previous quarter and USD 217 mln a year earlier, supported by higher steel shipments and improved pricing…
Vale reported a 4.8pct YoY decline in iron ore pellet production at its Oman operations in the first quarter of 2026, reflecting maintenance activity and disruptions linked to the ongoing Middle East conflict. Output at…
China will step up efforts to address "involution-style" competition in its steel sector by tightening crude steel output controls and advancing capacity governance reforms, China Iron and Steel Association (CISA) vice…
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