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
Australian miner Rio Tinto reported a 2pct YoY decrease in iron ore output for Q2 2024, producing 79.5 mln tons. The company also saw a 2pct decline in iron ore production for the first half of 2024. Despite…
Turkey's semi-finished steel imports dropped by 43.7pct month-on-month and plunged by 50pct YoY to approximately 155,000 tons in May 2024, according to data from the Turkish Statistical Institute (TUIK). In the first…
Turkey's HRC imports declined by nearly 52pct YoY in May 2024 and by 24pct month-on-month to approximately 283,000 tons, according to data from the Turkish Statistical Institute (TUIK). In the first five months of 2024…
Project awards in the GCC dropped by 19.7pct in Q2-2024, falling to USD 51.7 bln from USD 64.3 bln the previous year, according to Kamco Invest. This decline is primarily due to a significant decrease in project awards…
China's steel exports surged by 16.5pct in June YoY, reaching 8.75 mln tons, although this was a decrease from May's 9.63 mln tons. Data from the General Administration of Customs showed that in H1 2024, steel exports…
Egypt's steel producer, Ezz Steel, reported a profit in the first quarter of 2024, according to the company's financial statement. The company recorded a profit of EGP 1.26 bln (USD 26.2 mln), compared to a loss of EGP…
China has not approved any coal-based steelmaking projects in the first half of this year, marking a first since the announcement of its significant climate neutrality goals in 2020, according to a Bloomberg report…
Turkish steel producer Kardemir has announced new rebar prices according to its latest price list. The company is now offering rebar in sizes ranging from 12 to 32 mm at TRY 19,550 (USD 595) per ton, up from the…
Turkey's rebar exports surged by nearly 47pct YoY in May 2024, according to data from the Turkish Statistical Institute (TUIK). Turkish rebar suppliers exported 303,000 tons during this period, also marking a 10pct…
Tata Steel reported a 5pct YoY increase in crude steel production to 5.25 mln tons in Q1 FY25 in its Indian operations. However, production was lower compared to the previous quarter due to planned maintenance…
The global long steel products market is increasingly unstable, with China moving steel billets at the lowest prices. Chinese finished products dominate most markets in both long and flat segments, with no signs of…
Price volatility continues for key construction materials in Egypt, despite a relative cooling of prices as of March 2024. This trend is attributed to the liberalisation of the exchange rate and government-implemented…
Turkey's scrap imports exhibited significant changes in May 2024, rising 4.2pct YoY and 20pct month-on-month to reach 1.8 mln tons. The United States remained Turkey's primary source of scrap imports, although imports…
Turkey's crude steel output increased by nearly 20pct YoY in the first five months of 2024, reaching 15.5 mln tons from January to May, according to the Turkish Steel Producers' Association (TCUD). In May 2024, Turkey's…
India’s steel imports reached 1.3 mln tons in the first two months (April and May) of FY25, up 37pct YoY, surpassing exports, which stood at 0.94 mln tons, down 40pct YoY. This shift underscores India’s position as a…
Pakistan's scrap imports surged by 50pct YoY in June 2024, according to the Pakistan Bureau of Statistics. The country imported a total of 250,734 tons of scrap during the month, compared to 167,075 tons in the same…
In June 2024, Pakistan saw a significant surge in finished steel imports, with a 67.6pct YoY increase, according to data from the Pakistan Bureau of Statistics. The country imported 302,412 tons of finished steel during…
According to Turkey's statistical authority, TUIK, the construction sector confidence index decreased in June 2024. TUIK data revealed a 0.5pct decline to 87.9 compared to the previous month. Additionally, the retail…
Algoma Steel Group, a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced its results for the fiscal year ended March 31, 2024. The company reported revenue of CAD 2.795 bln (USD 2…
In April 2024, Turkey saw a sharp 70.1pct YoY decline in wire rod exports, as reported by the Turkish Statistical Institute (TUIK). Despite this, April's exports totaled 41,000 tons, marking an increase of over 52pct…
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