Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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995 news items in Statistics. Show all
Taiwan's China Steel Corp (CSC) reported a 55pct decline in pretax profit to TWD 655 mln (USD 20.6 mln) in July from the previous month, as weaker Asian steel demand weighed on gross profit. In January-July, however…
Iron ore futures fell on Thursday as weak steel demand outweighed support from firmer coke and coking coal prices. Crude steel production among China Iron and Steel Association (CISA) member mills fell 3.4pct YoY to 473…
Chinese steel exports to GCC countries declined by 18pct YoY to 4.54 mln tons during the first half of 2026 from 5.54 mln tons a year earlier, according to MEsteel analysis of Chinese customs data covering steel…
Turkey's Izmir Demir Celik reported a consolidated net loss of TRY 529.4 mln (USD 11.1 mln) in January-June 2026, narrowing from TRY 949.3 mln a year earlier, despite weaker revenue and a sharp deterioration in…
Indian steelmakers are seeking to diversify coking coal supplies as higher prices and disruptions in major producing regions increase steelmaking costs, Reuters reported. India imports around 95pct of its coking coal…
Turkey's Kardemir posted a consolidated net profit of TRY 5.98 bln (USD 124.7 mln) in January-June 2026, compared with a net loss of TRY 335.8 mln in the same period last year, while EBITDA rose 49.4pct YoY to TRY 4.75…
Qatar Steel, the steel subsidiary of Industries Qatar, reported a 39pct YoY increase in net profit to QAR 367 mln (USD 100.8 mln) in H1 2026, supported by higher average selling prices and lower operating costs despite…
Egyptian steel mills are sharply reducing production as weak sales weigh on the domestic market, with some plants temporarily suspending operations, according to local media reports. Hassan El-Marakby, chairman of El…
Egypt's Iron and Steel for Mines and Quarries (ISMQ) reported a 42.9pct YoY decline in net profit after tax to EGP 398.3 mln (USD 7.9 mln) in H1 2026, from EGP 698.0 mln (USD 13.9 mln) a year earlier. The company's…
Steel import sourcing shifted towards regional suppliers during the second quarter of 2026, as geopolitical tensions and disruptions to maritime logistics altered supply patterns across the Gulf. Imports of…
Morocco's steel demand is expected to rise by 7-8pct in 2026 to 2.75-2.82 mln tons, before exceeding 3 mln tons for the first time in 2027, according to local news reports. Growth is expected to be driven by…
Iron ore futures weakened on Monday as high port inventories and weaker Chinese economic data offset improving steel market sentiment and stronger coking coal prices. Chinese steel traders said finished steel…
Turkey exported approximately 528,600 tons of wire rod in the first half of 2026, broadly unchanged from the same period last year, according to data from the Turkish Statistical Institute (TUIK). Romania remained the…
Turkish long steel producer, Ekinciler Demir ve Celik Sanayi A.S. increased its revenue by 28.2pct YoY to TRY 11.8 bln (USD 246.8 mln) in the first half of 2026, while net profit declined 1.9pct to TRY 323.4 mln (USD…
Saudi Arabian steel producer Riyadh Steel Co. reported a 145.8pct YoY increase in net profit to SAR 6.03 mln (USD 1.61 mln) in the first half of 2026. Revenue declined 15pct YoY to SAR 70.1 mln (USD 18.7 mln), mainly…
Saudi Arabia's Advanced Building Industries Co. (SENAAT) reported a 45.7pct YoY increase in net profit to SAR 54.2 mln (USD 14.4 mln) in the first half of 2026. Revenue declined 7.1pct YoY to SAR 2.77 bln (USD 737.6…
Turkey's HRC imports declined 7.5pct YoY to 1.73 mln tons during the first half of 2026, according to data from the Turkish Statistical Institute (TUIK). Russia remained Turkey's largest HRC supplier during…
Turkish special steel producer Cemtas Celik reported a net loss of TRY 172.6 mln (USD 3.6 mln) in the first half of 2026, compared with a net profit of TRY 19.9 mln in the same period of 2025. The company's net sales…
India's iron ore advantage is shifting from securing sufficient volumes to securing higher-quality ore, as the country plans a major expansion in steelmaking capacity while reducing emissions and reliance on coking…
Turkish pipe producer Borusan Pipe reported stronger financial results in the first half of 2026, supported by higher project deliveries, improved operational efficiency and disciplined cost management. Sales volume…
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