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
India's finished steel imports from China, South Korea, and Japan reached a record high in the first 10 months of the financial year, according to provisional government data cited by Reuters. Imports from South Korea…
Turkish pipe producer Borusan Pipe reported a net loss of USD 5 mln in 2024, a sharp decline from its USD 194 mln profit in 2023, citing challenging market conditions. The company attributed its losses to pricing…
Pakistan's Amreli Steels reported a net loss of PKR 1.87 bln (USD 6.7 mln) for the first half of the fiscal year 2025 ending December 31, 2024, a sharp decline from the PKR 632 mln loss recorded in the same period the…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) reported a substantial increase in net profit for 2024, reaching SAR 9.86 mln (USD 2.62 mln), more than doubling from SAR 4.24 mln in the previous year. Revenue also…
The Centre for Research on Energy and Clean Air's biannual review of China's steel sector in 2024 highlights the gap between current industry trends and the country's climate targets. Despite declining domestic demand…
Al Jazeera Steel Products Co. reported a 93pct surge in net profit for 2024, reaching OMR 7 mln (USD 18.3 mln), up from OMR 4 mln in 2023, according to its latest financial statement. Revenue rose 3pct YoY to OMR 146.68…
In January 2025, Pakistan's scrap imports saw a slight decline, falling by 4.99pct compared to the same month last year, according to data from the Pakistan Bureau of Statistics. The country imported a total of 213,818…
Pakistan's finished steel imports recorded a significant increase in January 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported a total of 334,190 tons of finished steel during…
Vietnam's Ministry of Industry and Trade has announced provisional anti-dumping duties of 19.83pct to 27.83pct on HRC imports from China following complaints from domestic producers. Baoshan Iron & Steel and Maanshan…
South Korea plans to impose provisional anti-dumping duties of up to 38pct on Chinese hot-rolled heavy plates starting next month. Following a Trade Commission meeting, the Ministry of Trade, Industry and Energy (MOTIE)…
The UK government has accepted the Trade Remedies Authority's (TRA) recommendation to extend anti-dumping duties on corrosion-resistant steel imports from China for another five years, the regulator announced. The…
Turkey's wire rod exports reached 919,900 tons in 2024, up 27pct YoY, according to the Turkish Statistical Institute (TUIK). Romania was the largest buyer, importing around 310,500 tons, followed by Bulgaria with 81,650…
Turkey's leading steel producer, Erdemir Group, reported a net profit of TRY 14.19 bln (USD 391.6 mln) in 2024, more than tripling from TRY 4.32 bln in 2023. Sales revenue also saw strong growth, rising to TRY 204 bln…
BlueScope's net profit for the six months ending December 31, 2024, saw a sharp decline, according to its financial results. The company reported a net profit after tax of AUD 179.1 mln (USD 113.7 mln) for H1 FY25, down…
Jordan's Arabian Steel Pipes Manufacturing reported a 22.6pct YoY increase in profit for 2024, according to its annual financial statement. The company recorded a profit of JOD 1.53 mln (USD 2.16 mln), up from JOD 1.25…
Dalian iron ore futures continued to decline on Friday as weak steel demand and escalating trade tensions weighed on market sentiment. Steel consumption in China remained sluggish after the Lunar New Year holidays…
India's finished steel imports reached a record high in the first 10 months of the financial year that began in April, according to provisional government data reported by Reuters. Steel imports totaled 8.3 mln tons…
Turkey's HRC imports reached approximately 3.6 mln tons in 2024, down 12.5pct from the previous year, according to the Turkish Statistical Institute (TUIK). China remained Turkey's top HRC supplier, delivering about…
Turkey has lifted trade and transit restrictions at its border with Syria, the trade ministry announced, marking a step toward expanding trade following the fall of Syrian leader Bashar al-Assad. Goods exported…
UAE-based EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for 2024. The company reported revenues of AED 8.3…
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