Turkey's HRC imports totaled approximately 3.3 mln tons in the first 11 months of 2024, marking a 16pct decrease compared to the same period last year, according to the Turkish Statistical Institute (TUIK). In Jan-Nov…
China's steel exports reached a nine-year high in 2024, totaling 110.7 mln tons, up 22.7pct from 2023, according to data from the General Administration of Customs. This marks the highest level since 2015, when exports…
Chinas iron ore imports reached a record high in 2024 for the second consecutive year, according to customs data. The country imported approximately 1.24 bln tons last year, marking a 4.9pct increase from the 1.18 bln…
Turkey's scrap imports totaled 18.18 mln tons, a 6.2 pct increase YoY in the first eleven months of 2024, according to the Turkish Statistical Institute (TUIK). In Jan-Nov 2024, Turkey imported 4.2 mln tons from the US…
Turkey's wire rod exports reached 792,635 tons in Jan-Nov 2024, marking a 29.5pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). During this period, Romania was the top destination for…
Steel prices in 2025 could rise significantly if the proposed safeguard duty on imports is imposed by the end of next month, according to Crisil. Domestic prices are currently under pressure due to global price…
Turkey exported around 3.1 mln tons of rebar in the first eleven months of 2024, a slight decrease of 0.5pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). During…
India's Tata Steel reported a 6pct increase in crude steel production, reaching 5.68 mln tons in Q3 FY25, up from 5.35 mln tons in the same quarter last year. For the first nine months of FY25, the company's steel…
The Indian government will launch a new round of the production-linked incentive (PLI) scheme for the steel sector. Steel Minister H D Kumaraswamy will announce the 'PLI Scheme 1.1' and invite applications on January 6…
Turkey's crude steel production increased by 11.2pct YoY (YoY) to 33.9 mln tons in the first 11 months of 2024, according to the Turkish Steel Producers' Association (TCUD). In November alone, production grew marginally…
India's largest iron ore miner, NMDC Ltd, reported a 5.1pct YoY increase in production for December 2024, reaching 4.71 mln tons, up from 4.48 mln tons in December 2023. However, sales of iron ore declined by 6.7pct…
Morocco's leading flat steel producer, Maghreb Steel, reported a 10pct YoY increase in revenue for the first three quarters of 2024, driven by strong domestic sales. The company's sales revenue rose to MAD 3.854 bln…
India's Rama Steel Tubes Limited has reported its sales volume performance for Q3 FY25 and the first nine months of FY25. In Q3 FY25, the company achieved a sales volume of 51,669.01 tons, up 10pct YoY from 50,921.67…
In November, Vietnam's HRC exports continued to struggle, forcing companies to shift focus to the domestic market to boost consumption. According to the Vietnam Steel Association (VSA), HRC exports declined by over…
Turkey's iron ore imports reached approximately 8.8 mln tons in the first ten months of 2024, marking a 22pct increase compared to the same period last year, according to the Turkish Statistical Institute (TUIK). Brazil…
Saudi Arabia's Al Yamamah Steel Industries Co. has reported a remarkable financial turnaround, transitioning from a loss of SAR 130.14 mln in FY24, which ended on September 30, 2024, to a profit of SAR 70.8 mln (USD…
Turkey imported around 1.1 mln tons of pig iron in the first ten months of 2024, reflecting a 6.6pct decline compared to the same period in 2023, according to data from the Turkish Statistical Institute (TUIK). Russia…
India remained a net importer of finished steel during the April to November period, with imports rising 26.6pct YoY to 6.5 mln tons, while exports declined by 23.6pct to 3.154 mln tons. China dominated India's steel…
Iron ore futures closed unchanged on Wednesday as the market remained cautious about demand prospects during a subdued trading session affected by the Christmas holiday. Earlier this week, iron ore prices found support…
Outokumpu, a leading stainless steel producer, has issued its fourth-quarter guidance, anticipating a decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) compared to the previous quarter…