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
State-owned Steel Authority of India Limited (SAIL) reported a significant 60pct decline in consolidated net profit, totaling INR 81.78 crore (USD 9.7 million) for the quarter ending June 30, 2024. The company's total…
The South Korean steel industry is grappling with significant challenges, including a domestic construction slowdown, aggressive Chinese exports, and declining supply prices, according to local media reports. In Q2…
The Australian Steel Institute (ASI) is urging state and federal government support for local steel fabricators and manufacturers as they face severe impacts from a surge in cheap imports. A July 2024 ASI survey…
China's steel exports rose by 7.5pct YoY in July 2024 to 7.83 mln tons, though this marked a decrease from May's 8.75 mln tons and represents the second consecutive month-on-month decline. From January to July 2024…
India's Shyam Metalics and Energy reported substantial gains in stainless steel sales, which surged 219pct YoY to 5,699 tons in July 2024, up from 1,786 tons in July 2023. Carbon steel sales, including billets and long…
Saudi Arabia's General Authority for Statistics (GASTAT) has reported the price trends for key building materials in Q1 2024. The average price of rebar decreased by 9.83pct to SAR 2,882.43 (USD 767) per ton from SAR…
The total value of awarded contracts in Saudi Arabia for the first quarter soared to USD 32 bln, thus recording a 79pct growth over last year while on a quarter-on-quarter basis, the value of contracts grew by 35pct…
China's steel exports may decline in the coming months due to growing international pushback, Bloomberg reports. Vietnam has joined the US and Chile in initiating anti-dumping investigations against Chinese steel, as…
In the first half of 2024, Turkey's crude steel production surged by nearly 17pct YoY, reaching 18.6 mln tons, according to the Turkish Steel Producers' Association (TCUD). June 2024 saw a 3.1pct increase in crude steel…
Saudi Arabia's Arabian Pipes Co. (APC) reported a net profit of SAR 111.83 mln (USD 29.7 mln) in the first half of 2024, a significant increase from SAR 56.94 mln in the same period last year. This profit surge is…
UAE's Emirates Steel Arkan saw a significant drop in profits during the first half of 2024 due to tough conditions in both export and domestic markets. The company's net profit for Q1 2024 fell to AED 174.4 mln (USD…
Turkey has officially ratified the free trade agreement with Ukraine, as announced in the country's official gazette. Signed on February 3, 2022, the agreement received final approval from President Recep Tayyip Erdogan…
Indian state-owned iron ore miner NMDC reported an 11pct YoY decline in production, totaling 2.17 mln tons in July. In the same month last year, the company produced 2.44 mln tons, according to a BSE filing. However…
Saudi Steel Pipe Co. (SSP) reported a substantial increase in net profit, reaching SAR 147.9 mln (USD 39.3 mln) in H1 2024, a 58pct rise YoY. This growth was driven by higher sales revenues and volumes, including…
Iron ore futures gained on Thursday, driven by a more optimistic short-term demand outlook. The National Development and Reform Commission (NDRC) of China released a survey indicating a cautious optimism for the Chinese…
Korean steel producers Posco and Dongkuk Steel have been cautious about joining Hyundai Steel's anti-dumping complaint against low-priced thick steel plates from China, according to industry sources, reported by the…
ArcelorMittal, a global leader in steel and mining, reported a net profit of USD 1.442 bln for the first half of 2024, down from USD 2.956 bln during the same period last year. The decline was primarily attributed to…
In June 2024, Pakistan's scrap imports fell by 6.65pct YoY, according to the Pakistan Bureau of Statistics. The country imported 216,809 tons of scrap that month, down from 232,245 tons in June 2023. This marks the…
In June 2024, Pakistan's finished steel imports rose by 20.3pct YoY, as reported by the Pakistan Bureau of Statistics. The country imported 260,358 tons of finished steel that month, up from 216,409 tons in June 2023…
Tata Steel Ltd reported a consolidated profit of INR 960 crore (USD 114.6 mln) for the quarter ending June 30, 2024, marking a 51pct increase YoY. However, revenue from operations fell by 8pct YoY to INR 54,771 crore…
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