Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Indian-backed Jindal Steel Group plans to expand its investments in Oman to reach a combined steelmaking capacity of 10 mln tons per annum, aiming to support the growth of a broader domestic steel ecosystem. According…
Qatar Steel, the steel subsidiary of Industries Qatar, reported a strong operational and financial performance in 2025, supported by a sharp increase in production and sales volumes following the restart of key…
Iron ore futures traded lower on Thursday, extending recent volatility as a weak demand outlook across China's steel sector continued to pressure the market. Muted activity in the physical steel market has kept Chinese…
Turkey imported 4.3 mln tons of billets in 2025, up 16pct YoY, according to data from the Turkish Statistical Institute (TUIK). Russia remained the largest billet supplier to Turkey last year, shipping 1.05 mln tons…
Vale reported a 5.1pct YoY decline in iron ore pellet production at its Oman operations in 2025, with output falling to 8.72 mln tons, according to company data. In the fourth quarter of 2025, pellet production in Oman…
Iron ore futures traded in a narrow range on Wednesday after China's central bank reaffirmed a moderately accommodative monetary stance, though weak market fundamentals continued to cap any upside. The People's Bank of…
India's Steel Minister HD Kumaraswamy has launched the third round of the Production-Linked Incentive (PLI) Scheme for Specialty Steel, targeting the addition of 8.7 mln tons of upgraded alloy and specialty steel…
EMSTEEL reported solid preliminary (unaudited) results for 2025, supported by favourable UAE market conditions and higher sales volumes across its core businesses. Group revenue rose 7pct YoY to AED 8.9 bln (USD 2.42…
JSW Steel reported a 2pct YoY decline in consolidated crude steel production to 2.475 mln tons in January 2026, according to a stock exchange filing. Output from Indian operations edged up slightly to 2.458 mln tons…
Turkey imported 3.9 mln tons of HRC in 2025, up 8pct YoY, according to data from the Turkish Statistical Institute (TUIK). China remained the largest supplier, accounting for 1.36 mln tons, followed by Russia with…
Tata Steel Ltd reported a consolidated profit of INR 7,920.82 crores (USD 87.35 mln) for the first nine months of FY26 ended December 31, 2025, more than four times higher than INR 1,972.90 crores recorded a year…
Turkey exported 907,300 tons of wire rod in 2025, down nearly 1.4pct YoY from 919,900 tons in 2024, according to data from the Turkish Statistical Institute (TUIK). Romania remained the largest destination, absorbing…
Turkey exported 4.1 mln tons of rebar in 2025, up 21pct YoY, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the largest destination, receiving around 700,000 tons. It was followed by…
Pakistan-based Crescent Steel and Allied Products Limited reported a 1pct YoY increase in net profit to PKR 679.73 mln (USD 2.42 mln) for the first half of FY26 ended December 31, 2025, compared with PKR 672.98 mln a…
ArcelorMittal reported net income of USD 3.15 bln in 2025, up sharply from USD 1.33 bln a year earlier, despite weaker steel prices and lower production. The company said the improvement in earnings was largely driven…
Chinese exports of steel billets to the Gulf Cooperation Council (GCC) strengthened markedly in 2025, with the region accounting for a growing share of China's total billet exports, customs data showed. Based on exports…
Turkey imported 18.7 mln tons of ferrous scrap in 2025, marking a 6.5pct YoY decline, according to data from the Turkish Statistical Institute (TUIK). The United States remained Turkey's largest scrap supplier…
Pakistan's leading pipe manufacturer International Industries Limited (IIL) reported a sharp improvement in earnings for the first half of FY26 ended December 31, 2025. The company's net profit rose 80pct YoY to PKR…
India's state-owned miner NMDC Ltd produced 5.56 mln tons of iron ore in January 2026, up 9pct YoY from 5.1 mln tons, according to a stock exchange filing. Iron ore sales also rose nearly 7pct YoY to 4.48 mln tons…
Turkey's steel sector closed 2025 with higher exports and production, supported by a recovery in domestic consumption in the second half, despite rising financing costs, aggressive import competition and mounting…
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