Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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998 news items in Statistics. Show all
Saudi Arabia's Molan Steel Co. reported a net loss of SAR 2.8 mln (USD 0.74mln) in H1 2025, compared with SAR 2.49mln a year earlier, its stock exchange filing showed. Sales revenue dropped 16.5pct YoY to SAR 33.2m (USD…
Turkey's steel exports rose 14pct YoY in the first seven months of 2025 to 8.8 mln tons, according to the Turkish Steel Producers' Association (TCUD). Export value increased 5.4pct to USD 6 bln. However, July exports…
The Iranian Steel Producers Association (ISPA) and the Uzbekistan Metallurgy Association have signed a memorandum of understanding (MoU) to strengthen cooperation in the iron and steel sector. The agreement covers raw…
Turkey exported 978,600 tons of welded steel pipes in the first half of 2025, down 6pct YoY, according to Turkish Statistical Institute (TUIK) data. Romania was the top destination with 195,000 tons, followed by the UK…
Iron ore futures surged on Thursday, supported by reports that Chinese authorities plan to cut steel production to reduce excess supply. Beijing aims to curb crude steel output between 2025 and 2026 amid persistent…
China's Baoshan Iron & Steel (Baosteel) posted a 7.4pct YoY rise in net profit to 4.88 bln yuan (USD 682 mln) in the first half of 2025, despite a 7.3pct drop in operating income to 151.37 bln yuan (USD 21 bln)…
The U.S. imported 2.24 mln tons of steel in July 2025, including 1.69 mln tons of finished steel, according to preliminary Census Bureau data released by the American Iron and Steel Institute (AISI). Compared with June…
Iron ore futures extended losses on Wednesday as the market grappled with oversupply worries and weakening steel demand in China. Blast furnace mills have kept production strong in recent weeks, supported by healthy…
Pakistan's steel scrap imports rose nearly 14pct YoY in July 2025, reaching 311,888 tons compared with 273,994 tons a year earlier, according to Pakistan Bureau of Statistics (PBS) data. On a month-on-month basis…
Pakistan's finished steel imports rose nearly 33pct YoY in July 2025, reaching 343,257 tons compared with 258,419 tons in July 2024, according to Pakistan Bureau of Statistics (PBS). On a month-on-month basis, imports…
Turkey's construction sector confidence index fell 4pct in August 2025, reaching 85.3 compared to 88.8 in July, according to the Turkish Statistical Institute (TUIK). Within the subindices, current overall order books…
China has sharply increased semi-finished steel exports this year, with shipments soaring 320pct YoY to 7.4 mln tons in the first seven months of 2025, according to Chinese customs data cited by Bloomberg. July alone…
Riyadh Steel, a Saudi Arabian long steel producer, reported a 3.2pct YoY decline in net profit for the first half of 2025, according to a stock exchange filing. Net profit slipped to SAR 2.45 mln (USD 0.65m) from SAR…
Korea's steel exports to the United States slumped 26pct in July, following Washington's decision to double tariffs on steel and aluminum imports to 50pct, according to the Korea International Trade Association (KITA)…
Pakistan's leading pipe manufacturer International Industries Limited (IIL) reported a steep decline in earnings for the fiscal year ended June 30, 2025. Net profit fell nearly 59pct YoY to PKR 1.58 bln (USD 5.5 mln)…
International Steels Limited (ISL), Pakistan's leading flat steel producer, reported a significant drop in earnings for the financial year ended June 30, 2025. The company's post-tax profit declined 57.3pct YoY to PKR…
Saud Arabia's Zamil Industrial Investment returned to profitability in the first half of 2025, supported by higher sales across all business segments and effective cost management, the company said in a stock exchange…
Turkish pipe producer Borusan Pipe posted a decline in first-half earnings for 2025, but delivered a strong recovery in the second quarter, according to its financial statement. In H1 2025, net profit fell 26.4pct YoY…
Turkey imported 1.4 mln tons of pig iron in the first half of 2025, up 51pct YoY, according to data from the Turkish Statistical Institute (TUIK). Russia was the largest supplier with 860,000 tons, followed by…
Turkey imported 495,600 tons of CRC in the first half of 2025, up 33pct YoY, according to Turkish Statistical Institute (TUIK) data. South Korea was the largest supplier with 159,600 tons, followed by Russia at 137,000…
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