Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's steel exports rose by 18.6pct YoY in the first half of 2025, reaching 7.7 mln tons, according to the Turkish Steel Producers' Association (TCUD). Export revenues grew by 8.8pct to USD 5.2 bln. In June alone…
Seah Besteel and Seah CSS, subsidiaries of South Korea's Seah Group, have filed an anti-dumping complaint targeting imports of special steel bars from China. The move follows recent government approval of Hyundai…
Pakistan's Crescent Steel and Allied Products Limited posted a net loss of PKR 43.4 mln (USD 0.15 mln) for the fiscal year ending June 30, 2025, compared with a profit of PKR 1.27 bln in the previous year. The company's…
ArcelorMittal reported a net income of USD 1.79 bln for Q2 2025, up from USD 1 bln a year earlier, driven by USD 0.8 bln in exceptional gains (net of impairments and tax effects). Quarterly sales rose 7.6pct YoY to USD…
UAE-based NMDC Group reported solid financial results for the first half of 2025, reflecting strong operational performance and resilience amid ongoing market challenges. The company posted AED 13.4 bln (USD 3.6 bln) in…
India's green steel demand is projected to grow exponentially, reaching 179 mln tons by FY50, driven by the automotive, infrastructure, and construction sectors, according to a new report by EY-Parthenon. Using an…
UAE-based EMSTEEL, one of the region's largest publicly listed steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for the first half of 2025. The group recorded…
Vietnam's steel exports declined by 13pct in the first half of 2025, with export revenue falling 22.5pct YoY to USD 3.7 bln, according to the Vietnam Steel Association (VSA). Despite the export slump, domestic…
Al Jazeera Steel Products Co. posted a 60pct YoY increase in net profit for the first half of 2025, reaching OMR 4.12 mln (USD 10.68 mln), up from OMR 2.56 mln in the same period last year, according to its latest…
India's finished steel imports fell sharply in the first quarter of the financial year (April-June), declining nearly 29pct YoY to 1.4 mln tons, according to provisional government data cited by Reuters. The steep drop…
Pakistan's finished steel imports fell by 32.2pct YoY in June 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported 178,520 tons of finished steel during the month, its lowest level…
Pakistan's steel scrap imports fell by 14pct YoY in June 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported 188,417 tons of scrap during the month, its lowest level since April…
Coking coal futures slumped on Monday after the Dalian Commodity Exchange (DCE) announced new trading restrictions aimed at curbing speculative activity, prompting investors to take profits. Effective from the night…
Vale's iron ore pellet production in Oman fell nearly 32pct YoY in Q2 2025 to 1.744 mln tons, though it rose 9.3pct compared to the previous quarter. In the first half of 2025, Vale Oman's output declined 11.2pct YoY to…
Iron ore futures fell on Friday as rising supply stoked concerns among traders, although the near-term outlook remains firm due to resilient steel production. Exports from Australia's Port Hedland rose to 49.1 mln tons…
Crude steel production in the Middle East fell by 5.4pct YoY to 27.5 mln tons in the first half of 2025, according to the World Steel Association. Output in June dropped 4.9pct to 4.3 mln tons. The decline was primarily…
Iron ore futures extended their decline on Thursday, pressured by rising supply from major producers. In contrast, coking coal prices continued to climb amid persistent supply concerns. Brazil's Vale reported a 3.7pct…
The U.S. Department of Commerce has preliminarily determined that certain imports of circular welded carbon-quality steel pipe (CWP) completed in Oman using Chinese hot-rolled steel are circumventing existing…
Projects awarded in the six-nation Gulf Cooperation Council (GCC) in the first half of 2025 tumbled by nearly 39 pct mainly due to a sharp fall in Saudi Arabia, a Kuwaiti-based investment consultancy firm has reported…
Turkey imported 1.58 mln tons of HRC during the first five months of 2025, reflecting a decline of over 10pct YoY, according to data from the Turkish Statistical Institute (TUIK). China remained the largest supplier…
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