Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Crude steel production in the Middle East increased by 6.8pct YoY to 7.1 mln tons in January-February 2026, according to data from the World Steel Association. In February alone, output inched higher 0.1pct YoY to 3.7…
Turkey's billet imports declined by over 24pct YoY in January 2026 to 294,400 tons, according to data from the Turkish Statistical Institute (TUIK). The country's billet imports were also down 14pct compared with the…
Saudi Arabia's Group Five Pipe reported a sharp increase in net profit for 2025, according to its financial statement. Net profit rose to SAR 144.8 mln (USD 33.2 mln), compared with SAR 38.5 mln a year earlier…
Saudi-based Riyadh Steel reported lower revenue but higher net profit in 2025, according to a filing on the Saudi Exchange. The company's revenue declined 7pct YoY to SAR 151.16 mln (USD 40.3 mln) in 2025, compared with…
Turkey's HRC imports plunged in January 2026, according to data from the Turkish Statistical Institute (TUIK). The country imported 127,200 tons of HRC during the month, down 70pct YoY and about half compared with the…
UAE-based steel and building materials producer EMSTEEL reported improved operational performance in 2025, supported by strong domestic demand and higher finished steel production. The company's crude steel production…
India's state-owned steelmaker Steel Authority of India Limited (SAIL) recorded its highest-ever sales for the April 2025-February 2026 period, supported by strong domestic demand and expanded customer outreach…
Based on preliminary U.S. Census Bureau data, the American Iron and Steel Institute (AISI) reported that total U.S. steel imports reached 2.17 mln net tons (around 2 mln metric tons) in January 2026, while finished…
Turkish steel producer Kardemir reported a net loss of TRY 1.68 bln (USD 38 mln) in 2025, narrowing from a loss of TRY 3.97 bln in 2024, according to the company's stock exchange filing. The company's revenue declined…
The United Arab Emirates and Japan have successfully concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA), marking Japan's first such deal with an Arab country and aimed at strengthening trade…
Turkey's Ministry of Trade has identified significant dumping margins on imports of certain flat steel products from China and South Korea following an anti-dumping investigation covering cold-rolled flat steel…
China's finished steel exports declined 8.1pct YoY to 15.59 mln tons in January-February, according to data released by the General Administration of Customs. The drop is partly attributed to the new export licensing…
Egypt's Trade Remedies Sector at the Ministry of Investment and Foreign Trade has determined that increased imports of certain flat steel products have caused serious injury to the domestic industry, according to a…
Turkey exported 36,900 tons of wire rod in January 2026, down 33pct YoY, according to data from the Turkish Statistical Institute (TUIK). Exports also more than halved compared with the previous month, when shipments…
India became a net exporter of finished steel during the first eleven months of fiscal year 2025-26, according to provisional government data cited by Reuters. Finished steel exports increased 36.6pct YoY to 6.02 mln…
JSW Steel reported a 2pct YoY decline in consolidated crude steel production to 2.366 mln tons in February 2026, according to a stock exchange filing. Production at the company's Indian operations edged down to 2.306…
Turkey exported 302,500 tons of rebar in January 2026, down 27pct YoY, according to data from the Turkish Statistical Institute (TUIK). The country's rebar exports also declined 21pct compared with the previous month…
Egyptian rebar manufacturer, Misr National Steel (Ataqa) reported a 94.68pct YoY decline in net profit in 2025, according to its financial results filed with the Egyptian Exchange (EGX). The company posted a net profit…
Saudi Arabia's Watani Iron and Steel Co. (Watani Steel) reported a net loss of SAR 14.86 mln (USD 3.96 mln) in 2025, compared with a net profit of SAR 9.86 mln in the previous year, according to a filing on the Saudi…
Chinese steel section prices on a CFR Jebel Ali basis declined across the board in 2025, as rising protectionist barriers in several markets and weaker global steel demand diverted more Chinese material toward…
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