Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The European Commission has proposed excluding Pakistan, Egypt, Saudi Arabia, Oman, Morocco and Tunisia from the list of non-OECD countries authorized to receive metal waste from the EU, potentially restricting steel…
Turkey's billet imports increased 28 pct YoY to around 3 mln tons in the first seven months of 2026, according to data from the Turkish Statistical Institute (TUIK). Russia remained the largest supplier, accounting for…
India was a net importer of finished steel during the first five months of the financial year that began in April, with finished steel imports rising 29.5 pct YoY to 3.5 mln tons, according to government data cited by…
Middle East crude steel production declined 4.6 pct YoY to 3.7 mln tons in August 2026, according to World Steel Association data, with the pace of decline easing from 13.4 pct in July. During the January-August period…
Saudi Arabia's imports of Chinese HR steel totaled 1.49 mln tons in January-August 2026, down 4.7 pct YoY, despite significant disruptions to shipping routes and vessel availability during the period. August imports…
Pakistan's Agha Steel Industries reported a loss after taxation of PKR 4.74 bln (USD 17.1 mln) for the financial year ended June 30, 2026, compared with a loss of PKR 7.21 bln (USD 25.9 mln) a year earlier. The…
UAE steel exports to the US fell 38.3pct YoY to 129,626 tons in Jan-Jul 2026, with shipments dropping sharply from April as disruptions to Gulf shipping affected cargo movements and raised freight costs. UAE exports had…
Chinese steel exports to GCC countries declined to approximately 817,300 tons in August 2026, down 7.6 pct YoY and 19.2 pct from July, as prolonged logistics disruptions continued to weigh on regional steel trade…
The European Commission has imposed a provisional safeguard measure on imports of certain grain-oriented electrical steel (GOES), citing a sharp increase in imports and serious injury to EU producers. The measure will…
Turkey exported 1.45 mln tons of HRC during the first seven months of 2026, down 16 pct YoY, according to Turkish Statistical Institute (TUIK) data. Italy remained the largest destination, taking 348,200 tons, followed…
India's finished steel consumption increased 3.9 pct YoY to 14.316 mln tons in August 2026, while steel production remained broadly stable on an annual basis, according to provisional data from the Joint Plant Committee…
China's iron ore futures edged higher on Wednesday as improving market sentiment, expectations for steel production cuts and possible policy support offset continued concerns over weak steel demand and mill…
Mughal Iron & Steel Industries Limited (Mughal Steel) reported a net profit of PKR 2.49 bln (USD 9 mln) for the financial year ended June 30, 2026, up 158 pct from PKR 965.5 mln a year earlier. Net sales declined 13 pct…
ArcelorMittal Nippon Steel India (AM/NS India) has launched AM/NS Pelican, a premium galvanized steel brand targeting growing demand from India's construction, infrastructure, manufacturing and engineering sectors. The…
Chinese exports of hot rolled (HR) steel (HS 7208), including coils and plates, to GCC countries remained under pressure in July 2026, despite easing Chinese export prices, as prolonged logistics disruptions, high…
India will receive country-specific tariff-rate quotas (TRQs) totalling 1.64 mln tons per year for steel exports to the European Union under the draft India-EU free trade agreement (FTA). The total quota of 1.641 mln…
Turkey's HRC imports declined 12.8pct YoY to 1.98 mln tons during the first seven months of 2026, according to data from the Turkish Statistical Institute (TUIK). Russia remained Turkey's largest HRC supplier during…
China's finished steel exports declined 3pct YoY to 75.15 mln tons during the first eight months of 2026, according to the latest data from the General Administration of Customs (GACC). Despite the cumulative decline…
Shyam Metalics and Energy reported strong YoY sales growth across most key product segments in August 2026, led by a more than doubling of carbon steel flat product sales. Carbon steel flat sales increased 114.14pct YoY…
Lebanon's steel imports declined by around 8pct YoY to 432,800 tons in Jan-Jul 2026, from 470,600 tons in the corresponding period of 2025, according to Lebanese Customs data. Rebar under HS code 7214 remained by far…
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