Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Chinese steelmakers continue to ship record volumes abroad, with strong demand from the Middle East and Southeast Asia offsetting growing protectionism elsewhere, Bloomberg reported. Saudi Arabia has emerged as the…
JSW Steel reported a 9pct YoY increase in consolidated crude steel production to 2.5 mln tons in October 2025, according to a stock exchange filing. India operations contributed 2.41 mln tons, up 10pct, with capacity…
China's steel exports declined in October as rising protectionist measures and slowing global demand weighed on overseas shipments. Exports fell 12.5pct YoY to 9.78 mln tons and were down 6.6pct from September…
Saudi Arabia's Watani Iron and Steel Co. (Watani Steel) reported a net loss of SAR 3.5 mln (USD 0.93 mln) for the first nine months of 2025, compared with a net profit of SAR 2.2 mln in the same period last year…
The global long steel products market continues to struggle with weak demand, rising supply, and mills operating below capacity. According to the latest short-range outlook from the International Rebar Producers and…
India's state-owned NMDC Ltd produced 4.27 mln tons of iron ore in October 2025, up 4.9pct YoY from 4.07 mln tons a year earlier, the company said in a stock exchange filing. The company's iron ore sales fell 3.5pct YoY…
Turkey exported 11.4 mln tons of steel in the first nine months of 2025, up 12.1pct YoY, with export revenues increasing 3.8pct to USD 7.7 bln, according to the Turkish Steel Producers' Association (TCUD). In September…
Pakistan's Mughal Iron and Steel Industries Limited (Mughal Steel) posted a consolidated profit of PKR 925.7 mln (USD 3.27 mln) for the quarter ended September 30, 2025, compared to a loss of PKR 24 mln a year earlier…
The Competition Commission of Pakistan (CCP) has released its Competition Assessment Study of the Steel Sector, highlighting structural and policy challenges that undermine competitiveness in a key industrial segment…
China's iron and steel sector reported a 1.9-fold YoY increase in profits during the first three quarters, signaling an improvement from last year, Jiang Wei, vice-chairman and secretary-general of the China Iron and…
Saudi Arabia's East Pipes Integrated Company for Industry reported a 37.5pct YoY rise in net profit to SAR 248.8 mln (USD 66 mln) for the first half of FY26 ended September 30, 2025. The company attributed the growth to…
Amreli Steels, one of Pakistan's leading steel producers, reported a 20pct YoY reduction in losses for Q1 FY26 ended September 30, 2025, posting a net loss of PKR 790 mln (USD 2.79 mln) compared to PKR 992 mln a year…
Iron ore futures fell on Friday as weak steel fundamentals and soft economic data dampened market sentiment. Iron ore futures rallied earlier in the week on optimism over easing U.S.-China trade tensions, but momentum…
Saudi Steel Pipe Co. (SSP) reported a 7pct YoY decline in net profit for the first nine months of 2025, reaching SAR 198 mln (USD 53 mln), the company said in a stock exchange filing. The profit decline was primarily…
Saudi Arabia's Arabian Pipes Co. (APC) reported a 36.7pct YoY decline in net profit for the third quarter of 2025, citing weaker sales volumes, according to a stock exchange filing. Net profit fell to SAR 27.77 mln (USD…
International Steels Limited (ISL), Pakistan's leading flat steel producer, reported strong financial results for the first quarter of FY26, ending September 30, 2025. The company's net profit surged to PKR 620.3 mln…
Pakistan imported 359,759 tons of steel scrap in September 2025, up 30pct YoY from 276,486 tons in the same month last year, according to data from the Pakistan Bureau of Statistics (PBS). Month-on-month, scrap imports…
Pakistan imported 365,171 tons of finished steel products in September 2025, marking a 31pct YoY increase, according to data from the Pakistan Bureau of Statistics (PBS). However, finished steel imports dipped slightly…
Turkey's construction sector confidence index declined by 5.3pct in October 2025 to 83.7, compared to the previous month, according to data from the Turkish Statistical Institute (TUIK). In contrast, the retail trade…
Turkey imported 1.49 mln tons of pig iron between January and August 2025, marking a 65pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Russia remained the leading supplier with 1.1 mln…
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