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
Turkish steelmaker Karabuk Demir Celik (Kardemir) reported a larger net loss for the first quarter of 2025, according to its latest financial results. The company's net loss increased to TRY 1.48 bln (USD 38.2 mln), up…
Egypt is considering imposing anti-dumping duties on hot-rolled steel imports amid rising pressure on local producers, who are struggling to compete with cheaper, lower-quality foreign steel. The move follows a decline…
Austrian steelmaker Voestalpine is calling on the federal government to support energy-intensive industries by reinstating electricity price compensation, a measure widely used across the EU to maintain competitiveness…
Turkey's leading steel producer, Erdemir Group, reported a significant drop in net profit for the first quarter of 2025, according to its latest financial results. In Q1 2025, the company posted a net profit of TRY…
Iran exported USD 918 mln worth of iron ore pellets in the Iranian calendar year 1403 (ended March 20, 2025), according to the Iranian Steel Producers Association (ISPA). The figure marks a 16pct decline compared to the…
China's steel exports rose 8.2pct YoY in the first four months of 2025, reaching 37.89 mln tons, according to data from the General Administration of Customs. In April alone, exports grew 13.5pct compared to the same…
Nippon Steel Corp. expects its net profit to fall 42.9pct to JPY 200 bln (USD 1.38 bln) in fiscal 2025, citing uncertainty over U.S. tariffs. The company, which is facing hurdles in its bid to acquire U.S. Steel Corp…
Turkey's wire rod exports declined in the first quarter of 2025, according to data from the Turkish Statistical Institute (TUIK). Total exports reached approximately 288,600 tons in Q1, marking a 17pct YoY decrease…
Turkish steel producer Kocaer Celik announced that it secured steel profile orders worth USD 55 mln in April 2025. According to the company's stock exchange filing, the orders primarily consist of value-added steel…
Turkish steel producer, Ekinciler Demir Celik places exports at the core of its growth strategy, with Africa and the Middle East as key focus regions, according to the local media reports. The company has maintained…
Turkey exported 1.05 mln tons of rebar in the first quarter of 2025, marking a nearly 35pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Yemen was the leading importer during this…
Turkey imported 4.7 mln tons of scrap in the first quarter of 2025, down 11.7pct YoY, according to data from the Turkish Statistical Institute (TUIK). The Netherlands was the top supplier during this period, exporting…
According to the Turkish Steel Producers' Association (TCUD), Turkey's steel exports rose by 18.5pct YoY in Q1 2025, reaching 3.8 mln tons. Export value also saw a modest increase of 8.4pct, totaling USD 2.6 bln. In…
Saudi Steel Pipe Co. (SSP) reported a 9.2pct decline in net profit for the first quarter of 2025, falling to SAR 69 mln (USD 56.6 mln), according to a disclosure filed with the stock exchange. The company attributed the…
Jordan's Arabian Steel Pipes Manufacturing reported a 9.9pct YoY increase in net profit for the first quarter of 2025, according to its latest financial statement. The company recorded a net profit of JOD 510,673 (USD…
United States Steel Corporation (U.S. Steel) reported a net loss of USD 116 mln in the first quarter of 2025, compared to net earnings of USD 171 mln in the same period last year, according to its latest financial…
Amreli Steels, one of Pakistan's leading steel manufacturers, reported a significant increase in losses for the first nine months of fiscal year 2025, ending March 31. The company posted a net loss of PKR 2.85 bln (USD…
India's Jindal Steel & Power Ltd (JSPL) reported a sharp drop in net profit for the financial year ending March 31, 2025 (FY25), according to its latest financial statement. While revenue declined marginally by 0.5pct…
Pakistan's Mughal Iron and Steel Industries Limited (Mughal Steel) reported a consolidated profit of PKR 412.39 mln (USD 1.46 mln) for the nine-month period ending March 31, 2025, a sharp 70.3pct YoY decline, according…
Iron ore futures declined on Wednesday, pressured by mounting concerns over long-term demand. The market faces several headwinds, including the potential for steel production cuts, hinted at by Baosteel earlier this…
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