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
Tata Steel posted a 43.41pct YoY decline in consolidated net profit after tax, falling to INR 295 crore (USD 34.1 mln) in Q3 FY25, ending December 31, 2024, compared to INR 522 crore in the same period last year…
Preliminary data from the U.S. Census Bureau, reported by the American Iron and Steel Institute (AISI), reveals that U.S. steel imports totaled 28.85 mln tons in 2024, a 2.5pct increase YoY. Finished steel imports rose…
JSW Steel Limited, India's leading steel producer, announced its financial results for Q3 FY25, ending December 31, 2024. The company reported a consolidated net profit of INR 719 crore (USD 83.4 mln), marking a steep…
Australian miner Fortescue announced a 1pct YoY increase in iron ore shipments for the December quarter, reaching a total of 49.4 mln tons. This contributed to a record 97.1 mln tons in total shipments for H1 FY25…
Turkey exported approximately 1.87 mln tons of welded steel pipes during the first eleven months of 2024, an 8pct increase compared to the same period in 2023, according to data from the Turkish Statistical Institute…
Profits in China's steel industry were halved in 2024 due to weak demand, prompting the China Iron and Steel Association (CISA) to urge producers to limit overproduction and avoid price wars, according to a report. Key…
Steel Dynamics, Inc. announced its financial results for the fourth quarter and full year of 2024, reporting Q4 net sales of USD 3.9 bln and net income of USD 207 mln. This marks a decline from Q3 2024 net income of USD…
Hyundai Steel, South Korea's second-largest steelmaker, sold over 1 mln tons of automotive steel sheets to non-affiliated foreign automakers in 2024, marking a significant milestone, Ked Global reported. The company…
Algerian Qatari Steel (AQS), located in the Bellara industrial zone in El Milia, Jijel, exported nearly 700,000 tons of steel products in 2024, generating over USD 360 mln, according to Deputy General Manager Sofiane…
The proportion of steel used in China's manufacturing sector rose to 50pct in 2024, up from 42pct in 2020, according to Yao Lin, head of the China Iron and Steel Association (CISA). This increase is driven by strong…
Omani steel producer Al Jazeera Steel Products Co. SAOG reported a significant 73pct YoY increase in net profit for 2024, according to its unaudited financial statement. The company's net profit surged to OMR 7 mln (USD…
Turkey imported approximately 1.23 mln tons of pig iron in the first eleven months of 2024, marking a decline of over 3pct compared to the same period in 2023, according to data from the Turkish Statistical Institute…
Iron ore futures edged higher on Monday as a drop in weekly shipments from major miners to China supported positive sentiment. However, long-term uncertainties limited the gains. According to SMM shipping data, global…
Turkey imported 9.08 mln tons of iron ore in the first 11 months of 2024, a 14pct increase compared to the same period in the previous year, according to the Turkish Statistical Institute (TUIK). Brazil remained…
Pakistan's Large-Scale Manufacturing (LSM) sector contracted by 1.25pct YoY in the first five months of FY25 (July-November), according to data from the Pakistan Bureau of Statistics. LSM output decreased by 3.81pct in…
Iron ore futures prices rose on Friday, driven by a batch of improved economic indicators that boosted market sentiment. China's December economic data significantly outperformed analysts' expectations, with Q4 GDP…
India remained a net importer of steel during the first nine months of FY25 (April-December), with imports nearly doubling exports. According to an internal report from the Steel Ministry, steel imports surged by over…
Turkey imported approximately 3.59 mln tons of slab in the first 11 months of 2024, marking a 40.4pct increase compared to the same period last year, according to the Turkish Statistical Institute (TUIK). Russia was the…
Rio Tinto has reported a slight decline in its fourth-quarter and full-year iron ore shipments from the Pilbara region. The miner exported 85.7 mln tons of iron ore in Q4 2024, down 1pct YoY. Total annual shipments…
Turkey imported 3.26 mln tons of billets from January to November 2024, marking a 12pct YoY increase, according to the Turkish Statistical Institute (TUIK). Russia was the top supplier during this period, providing…
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