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 steel ministry has proposed a 25pct safeguard duty on imports of certain steel items, according to local media reports. The proposal was discussed in a meeting between Union Steel Minister H.D. Kumaraswamy and…
Public contracts awarded by Saudi Arabia jumped by nearly 47 pct in the first half of 2024 mainly due to a sharp rise in oil deals, according to an economic report. The value of the awarded contracts stood at around USD…
Turkey exported approximately 1.54 mln tons of welded steel pipes in the first nine months of 2024, a 9pct increase compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK)…
The Embassy of Japan in India has raised concerns over delays in Japanese steel consignments at Indian ports, with Customs officials holding up shipments due to the absence of a No Objection Certificate (NOC), as…
Turkey's statistical authority, TUIK, reported a 1.7pct increase in the construction sector confidence index for November 2024, rising to 87.8. The retail trade sector also saw a 0.9pct rise in its confidence index…
Turkey imported approximately 951,000 tons of pig iron during the first nine months of 2024, marking a 7pct decline compared to the same period in 2023, according to data from the Turkish Statistical Institute (TUIK)…
Iran exported iron ore pellets valued at USD 513 mln during the first seven months of the current Iranian calendar year (March 20-October 21), according to the Iranian Steel Producers Association (ISPA). This marks a…
Pakistan's scrap imports declined by 4.83pct YoY in October 2024, according to data from the Pakistan Bureau of Statistics. The country imported 228,217 tons of scrap during the month, down from 197,421 tons in October…
Pakistan's finished steel imports surged by 23.22pct YoY in October 2024, according to the Pakistan Bureau of Statistics. The country imported 327,872 tons of finished steel during the month, up from 266,089 tons in…
Access to finance remains an issue for the steel industry's net zero carbon target, so some delays could be seen in reaching targets globally, Ugur Dalbeler, vice president of the Turkish Steel Exporters' Union (CIB)…
Project tenders issued by Oman jumped by more than 50 pct in 2024 as the Gulf state is using a surge in oil prices to increase development spending. Awarded projects have also recorded a sharp rise over the past few…
Turkish pipe producer Borusan Pipe recorded a significant drop in net profits for the first nine months of 2024, citing difficult market conditions. Net profit fell to USD 11 mln, a steep decline from USD 149 mln in the…
Turkey imported approximately 8.14 mln tons of iron ore during the first nine months of 2024, marking a 26pct increase compared to the same period last year, according to data from the Turkish Statistical Institute…
Turkish steelmaker Karabuk Demir Celik (Kardemir) reduced its net losses during the first nine months of 2024, according to its financial report. The company reported a net loss of TRY 2.963 bln (USD 85.9 mln) for…
Misr National Steel (Ataqa) reported an increase in net profit after tax to EGP 695.87 mln (USD 14 mln) in the first nine months of 2024, up from EGP 593.57 mln in the same period last year. Sales revenue for…
Turkey imported approximately 2.13 mln tons of semi-finished steel, billet, and bloom in the first nine months of 2024, marking a nearly 17pct decline from the same period last year, according to the Turkish Statistical…
Turkey's HRC imports totaled approximately 2.66 mln tons in the first nine months of 2024, a decline of 21pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). China was…
India's finished steel imports surged to a seven-year high of 5.7 mln tons during April-October, according to provisional government data, marking a continuation of the trend from FY24 when India became a net importer…
The Saudi and UAE construction markets remain among the strongest globally, driven by solid workloads and positive sentiment, according to RICS' Q3 2024 Global Construction Monitor. The UAE's Construction Sentiment…
NMDC Steel reported a widening loss of INR 595.37 crore (USD 70.5 mln) for the September quarter, driven by a surge in expenses. In the same period last year, the company posted a loss of INR 131.10 crore, according to…
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