Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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The UK government has temporarily taken control of British Steel to prevent the imminent closure of its blast furnaces and secure critical raw materials for continued operations at the Scunthorpe plant. Parliament…
Turkey's wire rod exports saw a steep decline in the first two months of 2025, according to data from the Turkish Statistical Institute (TUIK). Between January and February, exports totaled approximately 102,000 tons…
The Middle East construction industry is expected to see further cost increases following new trade tariffs announced by US President Donald Trump, according to a new report. The UAE is expected to see construction cost…
Turkey exported approximately 386,000 tons of HRC in the first two months of 2025, marking a 40pct increase compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). Italy…
India's steel imports surged in FY25 (ended March 2025), while exports remained subdued, according to data from the Ministry of Steel. Steel imports rose 14.6pct YoY to 9.5 mln tons, whereas exports fell by 35pct to 4.9…
Turkey exported 768,200 tons of rebar in the first two months of 2024, up 36pct YoY, according to data from the Turkish Statistical Institute (TUIK). Yemen was the top importer during this period, receiving 228,300…
JSW Steel reported its highest-ever quarterly consolidated crude steel production of 7.63 mln tons in Q4 FY25, marking a 12pct YoY increase and a 9pct rise from the previous quarter, according to a stock exchange…
Turkey imported 3 mln tons of scrap in the first two months of 2025, marking a YoY decline of nearly 13pct, according to data from the Turkish Statistical Institute (TUIK). The Netherlands emerged as the leading…
Tata Steel's consolidated steel production rose by 3.54pct YoY to 30.75 mln tons in FY25, according to the company's filing with the stock exchange. Consolidated steel deliveries for the same period reached 30.86 mln…
Saudi Arabia's Molan Steel Co. reported a 48pct YoY increase in net losses for 2024, according to a stock exchange filing. The company posted a net loss of SAR 7.07 mln (USD 1.88 mln), up from SAR 4.78 mln in the…
Turkey's HRC exports rose nearly 11pct YoY in January 2025, reaching approximately 124,000 tons, according to the Turkish Statistical Institute (TUIK). Greece was the top importer, receiving 24,000 tons, followed by…
Saudi Arabia's Bena Steel Industries Co. reported a significant rise in net profit for 2024, reaching SAR 10.68 mln (USD 2.84 mln), more than doubling from SAR 4.81 mln the previous year. The company attributed this…
Turkey's steel exports rose by nearly 12pct YoY in the first two months of 2025, reaching 2.3 mln tons. The export value also saw a modest increase of 2.8pct, totaling USD 1.5 bln, according to the Turkish Steel…
Emirates Steel, a subsidiary of the EMSTEEL Group and one of the UAE's leading steel producers, reported strong growth in its finished steel segment in 2024, according to its annual report. While crude steel production…
U.S. steel imports declined sharply in February 2025, according to preliminary data from the U.S. Census Bureau reported by the American Iron and Steel Institute (AISI). Total steel imports fell to 2.2 mln tons…
The European Commission (EC) has strengthened steel safeguard measures to protect EU steel producers from surging imports, reducing the liberalization rate from 1pct to 0.1pct, which significantly limits the volume of…
Riyadh Steel, a Saudi Arabian long steel producer, reported an 82pct YoY drop in net profit for 2024, according to its stock exchange filing. The company's net profit fell to SAR 1.99 mln (USD 0.53 mln) in 2024, down…
Egypt's steel exports fell 4pct YoY in 2024 to USD 2.3 bln, according to the Export Council for Building Materials. The decline is driven by rising trade barriers, including a 25pct U.S. tariff on steel imports and a…
Amreli Steels Limited has extended the temporary suspension of operations at its rolling mill plant in Karachi's S.I.T.E. area for another six months due to ongoing operational and economic challenges in the steel…
Turkey's HRC imports reached approximately 425,600 tons in January 2025, marking a 2pct increase compared to the same month last year, according to the Turkish Statistical Institute (TUIK). The HRC imports into Turkey…
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