Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures fell on Monday as softening fundamentals ahead of the Chinese New Year holidays dampened market sentiment. Rising iron ore inventories at major Chinese ports and slower restocking activity are expected…
International Steels Limited (ISL), Pakistan's leading flat steel producer, reported strong financial performance for the first half of FY26 ended December 31, 2025, according to its interim financial statement. The…
India and the European Union have concluded a long-delayed Free Trade Agreement (FTA), a major step expected to reshape bilateral trade flows, including steel, though Europe's carbon border regime will continue to limit…
Turkey's construction sector confidence index rose 1.5pct month on month to 85.7 in January 2026, according to data from the Turkish Statistical Institute (TUIK), although the reading remains below the optimism…
Crude steel production in the Middle East rose 4.3pct YoY in 2025 to 56.9 mln tons, while Africa recorded 3.8pct growth to 23.2 mln tons, according to data from the World Steel Association. Middle East output reached…
Ezz Steel, Egypt's largest steelmaker, is considering investment projects of around USD 1.1 bln over the next two years to expand production capacity, despite headwinds from global protectionist measures, its chief…
JSW Steel reported a sharp rise in earnings for Q3 FY26 ended 31 December 2025, supported by higher volumes and lower input costs. The company posted a consolidated net profit of INR 2,410 crore (USD 262.6 mln)…
Chinese-origin HR steel imports into the UAE declined in 2025, with shipments totaling 2.52 mln tons, down 16.6pct YoY from 3.03 mln tons in 2024, according to customs data. The decline coincided with generally softer…
Turkey's crude steel production reached 38.1 mln tons in 2025, up 3.3pct YoY, according to data from the Turkish Steel Producers' Association (TCUD). Billet production increased 6.1pct to 24.2 mln tons, while slab…
Iron ore futures inched higher on Thursday, supported by China's latest fiscal stimulus measures, although gains remained limited amid continued concerns over rising supply. Iron ore futures found some support after…
Turkey exported around 2.65 mln tons of HRC in the first eleven months of 2025, up 27pct YoY, according to data from the Turkish Statistical Institute (TUIK). Italy was the largest destination, importing 773,400 tons…
BHP Group reported record iron ore production and shipments in the first half of FY26, driven by strong supply chain performance, the miner said in its operational review for the six months ended 31 December 2025. Iron…
Oman's Al Jazeera Steel Products Co. SAOG reported a strong improvement in profitability for the fiscal year ended 31 December 2025, according to its unaudited financial results. The company's net profit rose 35pct YoY…
Iran recorded a sharp increase in iron and steel exports in the nine months ending in late December, according to local media citing data from the Iranian Steel Producers Association (ISPA). Export revenues rose 27pct…
Iron ore futures fell on Monday as soft economic data and lingering weakness in China's property sector continued to weigh on market sentiment, alongside lower steel production figures for last year. Data from the…
Turkish steel producer Kocaer Celik reported record-high production and sales volumes for the 2025 fiscal year, according to a stock exchange filing. The company's total steel production rose 26pct YoY to 648,105 tons…
The value of Egypt's iron and steel exports declined 18pct YoY to USD 1.71 bln in the first eleven months of 2025, despite shipments reaching 87 countries, according to the Export Council for Building Materials. Turkey…
China's steel exports and iron ore imports reached all-time highs in 2025, intensifying global trade tensions and prompting several importing countries to adopt more protectionist measures. Data from the General…
Turkey imported 3.63 mln tons of HRC in the first eleven months of 2025, up 10pct YoY, according to data from the Turkish Statistical Institute (TUIK). China remained the largest supplier with 1.3 mln tons, followed by…
Turkey exported 3.7 mln tons of rebar in the first eleven months of 2025, up 20pct YoY, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the largest export destination, absorbing 614,200…
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