Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Misr National Steel (Ataqa) posted a net profit of EGP 62.33 mln (USD 1.28 mln) in the first half of 2025, reversing a net loss of EGP 41.66 mln in the same period last year, according to its financial results. Sales…
Iron ore futures fell on Friday as continued weakness in China's property sector and disappointing economic data dampened market sentiment. According to the National Bureau of Statistics (NBS), China's economy showed…
Saudi Arabia's Group Five Pipe posted a sharp rise in net profit for the first half of 2025, its financial statement showed. Net profit jumped to SAR 125 mln (USD 33.2 mln), compared with SAR 9.2 mln in the same period…
Turkey exported about 1.6 mln tons of HRC in the first half of 2025, up 43pct YoY, according to data from the Turkish Statistical Institute (TUIK). Italy was the top buyer, importing 455,300 tons, followed by Spain with…
Japan's Ministry of Economy, Trade and Industry (METI) and Ministry of Finance (MOF) have launched an anti-dumping investigation into hot-dipped galvanized steel coil, sheet, and strip imports from China and South…
Turkey imported 1.87 mln tons of HRC in the first half of 2025, down more than 8pct YoY, according to data from the Turkish Statistical Institute (TUIK). China was the leading supplier, shipping 709,500 tons, followed…
Turkish steelmaker Karabuk Demir Celik (Kardemir) significantly reduced its losses in the first half of 2025, according to its latest financial report. Net loss fell to TRY 254.21 mln (USD 6.2 mln) from TRY 2.47 bln a…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) posted a steep drop in first-half 2025 earnings, according to a stock exchange filing. Net profit fell 67.2pct YoY to SAR 1.1 mln (USD 0.29 mln), while revenues…
Saudi Steel Pipe Co. (SSP) posted a 9.45pct YoY increase in net profit for the first half of 2025, reaching SAR 162 mln (USD 43.1 mln), according to a stock exchange filing. The company said the profit boost was mainly…
Iran's iron and steel exports rose 13pct YoY in the first four months of the current Iranian year (starting March 21), adding 469,000 tons, according to the Iranian Steel Producers Association (ISPA). The export value…
Australia-based iron ore miner Fortescue has secured a 14.2 bln yuan (USD 1.97 bln) syndicated term loan in Chinese currency to fund its decarbonization initiatives and for general corporate purposes. Executive Chairman…
Saudi Arabia's Al Yamamah Steel Industries Co. posted a sharp decline in net profit for the first nine months of fiscal 2025, ended June 30, with earnings down 37pct YoY to SAR 41.9 mln (USD 11 mln). The company said…
Qatar Steel posted a 26pct YoY decline in net profit for the first half of 2025, as weaker steel prices weighed on earnings, according to its parent company Industries Qatar (IQ). Net profit fell to QAR 265 mln (USD 72…
India's state-owned NMDC Ltd produced 3.09 mln tons of iron ore in July 2025, up 42.4pct YoY. Sales rose 13pct to 3.46 mln tons from 3.06 mln tons a year earlier. Operating three fully mechanized mines, two in…
Turkey's major steel producer, Erdemir Group reported a sharp decline in net profit for the first half of 2025, according to its latest financial results. Net profit fell to TRY 1.81 bln (USD 44.5 mln), down…
Arabian Pipes Co. (APC) of Saudi Arabia reported a nearly 40pct YoY decline in net profit for the second quarter of 2025, driven by a drop in sales volumes, according to its filing with the stock exchange. Net profit…
China's steel exports surged 11.4pct YoY in the first seven months of 2025, reaching 67.9 mln tons, according to the General Administration of Customs. In July alone, exports rose 25.6pct YoY to 9.83 mln tons and were…
Turkey exported approximately 2 mln tons of rebar in the first half of 2025, marking a 28pct year-on-year increase, according to data from the Turkish Statistical Institute (TUIK). Yemen emerged as the top destination…
ArcelorMittal units in Belgium, France, Luxembourg, and Spain have joined the Low Emission Steel Standard (LESS), following ArcelorMittal Germany's founding membership in 2024. ArcelorMittal Belgium CEO Frederik Van De…
Turkey imported approximately 9.4 mln tons of scrap in the first half of 2025, down by nearly 9pct YoY, according to data from the Turkish Statistical Institute (TUIK). The United States was the top supplier, delivering…
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