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 semi-finished steel imports (billet and bloom) reached approximately 261,250 tons in July, reflecting a 7.8pct YoY decline. However, imports surged by 59pct compared to the previous month. In the first seven…
Turkish steel manufacturer Cemtas Celik reported a net profit of TRY 26 mln (USD 764,456) in H1 2024, a significant drop from TRY 95.4 mln in the same period last year, according to its financial statement. During this…
ICRA forecasts a 9-10pct growth in domestic steel consumption for the current financial year. The first quarter saw a robust 15pct YoY increase in steel consumption, driven by competitively priced imports. ICRA…
Turkey's wire rod exports reached approximately 572,000 tons in the first seven months of 2024, marking a significant 98pct increase compared to the same period last year, according to the Turkish Statistical Institute…
Turkey exported around 1.9 mln tons of rebar in the first seven months of 2024, marking a 10pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). The top three destinations for Turkish rebar…
China's steel exports rose by 14.7pct YoY to 9.5 mln tons in August 2024, according to the General Administration of Customs. This represents a 21pct increase from the previous month. In the first eight months of 2024…
Turkey imported 11.6 mln tons of scrap in the first seven months of 2024, a slight increase of 0.5pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). The US was Turkey's…
Construction and building activities in the UAE experienced a growth rate of 6.2 pct during the first quarter of this year compared with the same period last year, according to the preliminary estimates issued by the…
Steel Dynamics, Inc. has petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to impose antidumping duties on imports of corrosion-resistant flat-rolled steel (CORE) from…
India's Union Steel Minister, H D Kumaraswamy, announced plans to advocate for an increase in steel import duties to counter the dumping of cheap Chinese steel. Speaking at the Fifth Steel Conclave organized by the…
Turkey's crude steel production increased by nearly 15pct YoY, reaching 21.7 mln tons in the first seven months of 2024, according to the Turkish Steel Producers' Association (TCUD). In July 2024, crude steel production…
Morocco's leading flat steel producer, Maghreb Steel, reported a 5pct YoY revenue growth in H1 2024, driven by increased domestic and export sales. The company's sales revenue reached MHD 2.55 bln (USD 260 mln) in the…
UK Steel has published a report on industrial electricity prices, revealing a significant gap between what UK steelmakers and their European counterparts pay. The report outlines three recommendations to align UK…
In July 2024, Pakistan's scrap imports rose by 15.6pct YoY, as reported by the Pakistan Bureau of Statistics. The country imported 210,786 tons of scrap that month, compared to 182,340 tons in July 2023. For the first…
In July 2024, Pakistan's finished steel imports increased by 19.5pct YoY, according to the Pakistan Bureau of Statistics. The country imported 240,779 tons of finished steel that month, up from 201,457 tons in July…
Nippon Steel and other Japanese steelmakers are urging Tokyo to curb cheap steel imports from China to protect the domestic market, according to Nippon Steel Vice Chairman Takahiro Mori, as reported by Reuters. China's…
Turkish steel manufacturer Karabuk Demir Celik (Kardemir) reported an increase in losses for the first half of 2024, according to the company's financial statement. Kardemir's net loss reached TRY 1.829 bln (USD 53.6…
Turkey's statistical authority, TUIK, reported a rise in the construction sector confidence index for August 2024, increasing by 1.1pct to 88.0 from the previous month. The retail trade sector confidence index also grew…
China's steel industry slowdown is deepening, with BHP Group Ltd., the world's largest miner, and China Baowu Group Ltd., the top iron ore buyer, raising concerns as demand wanes after decades of growth, Bloomberg…
India became a net importer of steel during the April-July period, as a surge in Chinese steel imports intensified pressure on the domestic market and exports, according to a report by the Steel Ministry. Finished steel…
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