Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's steel exports fell 18.4pct YoY to 911,800 tons in January 2026, while export revenues declined 21.1pct to USD 600.1 mln, according to the Turkish Steel Producers' Association (TCUD). During the same period…
Turkey imported 1.7 mln tons of ferrous scrap in January 2026, down 13pct YoY, according to data from the Turkish Statistical Institute (TUIK). Imports also declined 2.3pct compared with the previous month. The United…
Turkish steel profile producer Kocaer Celik reported net profit of TRY 473.5 mln (USD 10.77 mln) in 2025, up sharply from TRY108.5 mln in 2024, according to the company's annual financial statement. Net sales, however…
Pakistani long steel producer Beco Steel Limited reported lower earnings for the half year ended December 31, 2025, amid challenging market conditions. Net sales declined to PKR 3.81 bln (USD 13.6 mln) from PKR 4.33 bln…
India's state-owned miner NMDC Ltd reported higher iron ore output and sales in February 2026, according to a stock exchange filing. The company produced 5.35 mln tons of iron ore during the month, compared with 4.62…
Turkish pipe producer Borusan Pipe reported higher earnings in 2025, supported by stronger volumes and improved operational efficiency, according to its full-year financial results. Net profit reached USD 31.7 mln in…
Vallourec reported full-year 2025 revenues of EUR 3.8 bln (USD 4.4 bln), down 6pct YoY, mainly due to lower sales volume and adverse currency impact. Full-year EBITDA totaled EUR 819 mln (USD 949 mln), slightly lower…
Turkey's crude steel production rose 5.8pct YoY to 3.38 mln tons in January 2026, according to data from the Turkish Steel Producers' Association (TCUD). Billet output increased 4.4pct to 2 mln tons, while slab…
Pakistan's Agha Steel Industries Limited posted a decline in revenue but significantly narrowed its losses for the half year ended December 31, 2025, according to the company's financial statement. Net turnover fell to…
Chinese exports of steel sections to the United Arab Emirates rose sharply in 2025, driven by strong increases in shipments of H-sections and U-sections, customs data showed. Total Chinese exports of steel sections to…
Turkish steel producer Cemtas Celik reported a net loss of TRY 115.96 mln (USD 2.64 mln) for the full year 2025, widening from a net loss of TRY 39 mln recorded in 2024, according to the company's stock exchange…
Egypt's Trade Remedies Sector at the Ministry of Investment and Foreign Trade has formally notified the World Trade Organization (WTO) of the findings underpinning its safeguard action on hot-rolled flat steel…
The latest quarterly report from the Bureau of International Recycling (BIR) shows global ferrous scrap markets starting 2026 on a firmer footing, with supply constraints contributing to early-year price gains. Turkey…
EU steel exports to the United States fell by 30pct in the second half of 2025 compared with the same period in 2024, following the imposition of 50pct US tariffs, according to new Eurostat data. The extension of the US…
Al Jazeera Steel Products Co. SAOG reported a strong improvement in profitability for the fiscal year ended 31 December 2025, according to its audited financial results. The company's net profit rose 35pct YoY to OMR…
Saudi Steel Pipe Company (SSP), also known as TenarisSaudiSteelPipes, reported resilient financial results for the year ended 31 December 2025, supported by strong cash flow generation and a marked improvement in…
Based on final U.S. Census Bureau data, the American Iron and Steel Institute (AISI) reported that total U.S. steel imports in full-year 2025 reached 25,241,000 net tons (around 22.9 mln metric tons). Finished steel…
Erdemir Group, one of Turkey's leading steelmakers, reported a steep decline in profitability in 2025, according to its latest financial results. The company's net profit fell sharply to TRY 694.3 mln (USD 15.8 mln)…
Turkey's steel industry is recalibrating its export strategy in response to weak global demand, rising protectionism and intense price competition, with exporters increasingly focusing on nearby markets and value-added…
Lebanon's steel imports rose sharply in 2025, driven by higher inflows of rebar, hot-rolled and coated steel, according to data from Lebanese Customs. Total steel imports reached around 856,000 tons in 2025, up from…
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