Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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ArcelorMittal, one of the world's leading integrated steel and mining companies, reported a net income of USD 805 mln for the first quarter of 2025, down from USD 938 mln in the same period last year. Quarterly sales…
Baoshan Iron & Steel Co. (Baosteel), China's largest listed steelmaker, reported a 26.4pct YoY increase in net profit for the first quarter of 2025, reaching 2.434 bln yuan (USD 333 mln), up from 1.926 bln yuan in the…
India is encouraging companies to acquire iron ore, coking coal, and other key raw material assets overseas to support its expanding steel sector, Steel Secretary Sandeep Poundrik said, according to Reuters. "We are…
The South Korean Ministry of Economy and Finance has imposed provisional anti-dumping duties on hot-rolled plate imports from China. The duties, ranging from 27.91pct to 38.02pct, apply to China-origin hot-rolled carbon…
Pakistan's scrap imports reached 280,635 tons in March 2025, marking a YoY increase of 10.82pct, according to data from the Pakistan Bureau of Statistics (PBS). On a month-on-month basis, imports were up 17.9pct…
Pakistan imported 328,497 tons of finished steel in March 2025, a 27.25pct increase YoY from 258,141 tons in March 2024, according to the Pakistan Bureau of Statistics (PBS). However, imports edged down slightly by…
India's steel imports rose sharply in FY25, ended March 31, 2025, while exports saw a significant decline, according to data from the Ministry of Steel. Total steel imports reached 9.5 mln tons, marking a 14.6pct YoY…
International Steels Limited (ISL) of Pakistan reported a significant decline in profitability for the nine months ending March 31, 2024, according to its unaudited financial results for FY25. The company posted a…
India aims to produce 300 mln tons of steel by 2030 and position itself as a global export hub, Prime Minister Narendra Modi said at the India Steel 2025 event in Mumbai. To meet rising global demand, he emphasized the…
The Thai Industry Ministry has proposed scrapping the certification standard for steel produced using induction furnaces (IF), citing environmental and quality concerns. Industry Minister Akanat Promphan said IF…
In March 2025, the U.S. imported a total of 2.495 mln tons of steel, including 1.819 mln tons of finished steel, representing increases of 11.4pct and 11.9pct, respectively, compared to the previous month, according to…
Omani steel manufacturer Al Jazeera Steel Products Co. SAOG posted a 16pct YoY increase in net profit for the first quarter of 2025, according to its unaudited financial results. Net profit rose to OMR 2.1 mln (USD 5.44…
Turkey exported approximately 246,000 tons of welded steel pipes in the first two months of 2025, marking an 8pct YoY decline, according to data from the Turkish Statistical Institute (TUIK). Iraq was the largest…
Turkey imported approximately 212,000 tons of pig iron in the first two months of 2025, marking a 26pct YoY decline, according to data from the Turkish Statistical Institute (TUIK). Russia remained the top supplier…
Turkey imported approximately 703,000 tons of slab in the first two months of 2025, marking a 20pct increase compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). In…
Turkey imported 652,000 tons of HRC in the first two months of 2025, reflecting a 2.3pct decline compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). China remained the…
India's iron ore exports to China dropped nearly 50pct in FY25 to 24.14 mln tons, down from 45.36 mln tons the previous year, as slowing economic activity and steel oversupply in China dampened demand. China accounted…
Pakistan's construction sector remains sluggish, weighed down by persistently high steel prices that continue to discourage both public and private development activity, according to a local newspaper report. Despite…
The UAE and the EU have agreed to begin negotiations on a potential trade deal, announced UAE President Sheikh Mohamed bin Zayed Al Nahyan. In a separate statement, the EU confirmed that European Commission President…
China's steel exports rose 6.3pct YoY in the first quarter of 2025, reaching 27.42 mln tons, according to data from the General Administration of Customs. In March alone, exports grew 5.76pct YoY to 10.46 mln tons…
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