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 HRC exports reached approximately 1.84 mln tons in the first nine months of 2024, surging by 134pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). From January to…
Steel Authority of India Limited (SAIL) reported a 31pct decline in consolidated net profit, totaling INR 897.15 crore (USD 106.2 mln) for the quarter ending September 30, 2024, down from INR 1,305.59 crore in the same…
Turkey's wire rod exports reached approximately 736,300 tons in the first nine months of 2024, a sharp increase of 76pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK)…
India's steel imports from April to September were led by China, with the country remaining a net importer, according to provisional government data, Reuters reported. India imported 4.7 mln tons of finished steel…
Turkey exported 2.5 mln tons of rebar in the first nine months of 2024, marking a 1pct YoY increase, according to the Turkish Statistical Institute (TUIK). Yemen was the leading destination for Turkish rebar during this…
Saudi Steel Pipe Co. (SSP) reported a substantial rise in net profit, reaching SAR 213 mln (USD 56.6 mln) in the first nine months of 2024, up 61pct YoY. This growth was driven by higher gross profit, fueled by an…
China's steel exports surged 40.8pct YoY in October, reaching 11.18 mln tons, according to data from the General Administration of Customs. Exports were also up over 10pct compared to the previous month. For the first…
Tata Steel Ltd reported a consolidated profit after tax of INR 759 crore (USD 90 mln) for the quarter ended September 30, 2024, marking a 17.4pct YoY decrease. However, the company rebounded significantly from a loss of…
ArcelorMittal, the global leader in steel and mining, reported a decline in earnings for Q3 2024. EBITDA fell 26.4pct YoY to USD 1.58 bln, also down 15.1pct compared to Q2 2024. This was mainly due to weaker results in…
Egypt's rebar production grew by 11.3pct YoY to 6.403 mln tons in the first nine months of 2024, according to a local news report. Rebar sales in the local market also rose by 3pct YoY during January-September, reaching…
SteelAsia Manufacturing Corporation, a major steel producer in the Philippines, recently shipped 14,200 tons of high-strength rebar valued at USD 8.8 mln to Canada from its Davao mill. This marks the first time that…
Turkey imported 14.9 mln tons of scrap in the first nine months of 2024, a 6.3pct increase YoY, according to the Turkish Statistical Institute (TUIK). From January to September 2024, scrap imports from the USA rose by…
National Metal Manufacturing and Casting Co. (Maadaniyah) reported a wider net loss of SAR 28.12 mln (USD 7.48 mln) in the first nine months of 2024, up from a loss of SAR 18.42 mln in the same period last year. The…
Turkey's crude steel production rose by 14pct YoY to 27.9 mln tons in the first nine months of 2024, according to the Turkish Steel Producers' Association (TCUD). In September alone, production grew 6.5pct YoY to 3.1…
UAE's EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, announced its financial results for the first nine months of 2024. The group reported revenues of AED 5.87 bln (USD…
United States Steel Corporation reported net earnings of USD 119 mln for Q3 2024, a decrease from USD 299 mln in the same quarter last year. U.S. Steel President and CEO David B. Burritt highlighted that the adjusted…
The European steel market faces a challenging outlook, driven by low steel demand, a downturn in steel-using sectors, and persistently high import shares. These factors, along with a weak economic forecast, rising…
Oman's Al Jazeera Steel Products Co. reported significant profit growth for the first nine months of 2024, with profit reaching OMR 3.9 mln (USD 10.1 mln), a 62pct increase YoY, driven by strong construction demand in…
Turkey's leading steel producer, Erdemir Group, reported a net profit of TRY 11.28 bln (USD 329 mln) for the first nine months of 2024, a turnaround from a TRY 3.83 bln loss in the same period last year. Sales revenue…
China's leading steel producer, Baoshan Iron & Steel (Baosteel), reported a nearly 65pct drop in net profit for the third quarter, primarily due to declining steel prices. In a filing to the Shanghai Stock Exchange, the…
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