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
Turkey's rebar exports reached 3.43 mln tons in 2024, remaining largely stable compared to 3.39 mln tons in 2023, according to data from the Turkish Statistical Institute (TUIK). Yemen was the top importer of Turkish…
Saudi Arabia will award more than 25 new projects this month and nearly half of them cover infrastructure, housing and industry, according to a local report. The Gulf Kingdom, which has been locked in a massive…
Austrian steelmaker Voestalpine reported a sharp decline in net profit for the first three quarters of FY25, ending December 31, 2024. Profit after tax dropped to EUR 207 mln (USD 214 mln), down from EUR 415 mln in 9M…
U.S. President Donald Trump has imposed a 25pct tariff on all steel and aluminum imports, eliminating previous exemptions and quota agreements, according to a White House statement. The proclamation increases the…
Turkey imported 20 mln tons of scrap in 2024, a 6.7pct YoY increase, according to the Turkish Statistical Institute (TUIK). The U.S. remained Turkey's top scrap supplier, delivering around 4.5 mln tons. The Netherlands…
Saudi Arabia's Al Yamamah Steel Industries Co. reported a sharp decline in net profit for Q1 FY25, which ended on December 31, 2024, according to its interim financial results. Net profit plunged 84.4pct year-on-year to…
Turkish steel exports rose 27.6pct in 2024 from the previous year, reaching 13.4 mln tons, driven by strong demand from the European Union. Shipments to the EU surged 64.6pct YoY to 5.9 mln tons, according to the…
Turkey's crude steel production rose 9.4pct in 2024 to 36.9 mln tons, according to the Turkish Steel Producers' Association (TCUD), maintaining its position as the world's 8th largest producer. However, output in…
Turkey's Steel Exporters' Association (CIB) Chairman, Adnan Aslan, stated that Turkey could export up to 2 mln tons of steel to Syria as post-war reconstruction boosts demand. Currently, shipments remain at 200,000…
Nippon Steel, Japan's largest steelmaker, reported an 18pct decline in net profit for the April-December period, citing weak domestic and global steel demand. Net profit fell to JPY 362 bln (USD 2.36 bln) from JPY 440.9…
ArcelorMittal, the world's largest integrated steel and mining company, reported a net income of USD 1.339 bln in 2024, up from USD 919 mln in 2023. The increase in profit comes despite a challenging 2023, where…
Pakistan's Crescent Steel and Allied Products Limited reported a steep drop in profitability for the fiscal year ending December 30, 2024. The company's net profit fell to PKR 14.54 mln (USD 51,960) in the first half of…
Sweden's SSAB saw its operating profit fall sharply to SEK 487 mln (USD 44 mln) in the December quarter, down from SEK 2.40 bln a year earlier, driven by weak demand and lower prices. Markets in Europe and North America…
India remained a net importer of steel in the first nine months of FY25 (April-December), as imports continued to outpace exports, according to a Union Steel Ministry report. Total steel imports during the period stood…
Jindal Steel & Power Ltd (JSPL) reported a significant decline in net profit for the third quarter of FY 2024-25, ending December 31, 2024, due to higher costs and lower margins. Revenue increased marginally by 0.42pct…
Pakistan's International Steels Limited (ISL) reported a sharp decline in profit for the first half of FY25, which ended on December 31, 2024, according to its interim financial statement. The company posted a post-tax…
The total value of contracts awarded in the Gulf Cooperation Council (GCC) reached a new high of USD 273.2 bln in 2024, an increase of 9.6 pct, compared to USD 249.4 bln in 2023, according to Kamco Invest Research. The…
Jindal Stainless reported a 5.3pct YoY decline in consolidated net profit for the October-December quarter (Q3FY25), with profit falling to INR 654 crore (USD 75.5 mln) from INR 691 crore in the same period last year…
In 2024, Pakistan experienced a modest recovery in annual scrap imports, though volumes remained relatively low, according to data from the Pakistan Bureau of Statistics. The country imported 2.66 mln tons of scrap…
In 2024, Pakistan's finished steel imports rebounded from an 8-year low in 2023, according to data from the Pakistan Bureau of Statistics (PBS). The country imported 2.93 mln tons of finished steel last year, a 17.6pct…
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