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 witnessed a significant increase in HRC exports in April, according to data from the Turkish Statistical Institute (TUIK). In April 2024, Turkey's HRC exports totaled 175,000 tons, marking a nearly 165pct YoY…
Turkey's rebar exports surged by 64pct YoY in April 2024, according to data from the Turkish Statistical Institute (TUIK). Turkish rebar suppliers exported 276,000 tons during this period, marking a 23pct increase…
India's finished steel imports hit a five-year high in the first two months of the fiscal year 2024-25 starting in April, maintaining the country's status as a net importer, according to provisional government data…
Turkish steel exports to the Gulf Cooperation Council (GCC) countries showed varying trends in H1 2023. The total Turkish steel exports to the region amounted to 73,859 tons during this period. in June, there was a…
Iron ore futures grew slightly on Monday, as market participants held onto hopes that stimulus measures would be implemented to revive faltering economic growth. However, the government's emphasis on restricting steel…
Stainless steel maker Jindal Stainless Ltd (JSL) has sought the government's intervention to check increasing imports of steel products from a select group of countries including China. Select few countries including…
Vietnam’s major steel producer, Hoa Phat Group posted a revenue of VND 29,800 bln (USD 1.25 bln) in Q2 2023, showing a decline of 21pct compared to the same period in the previous year. The company’s profit after tax…
Iron ore futures continue to slide as the government's move to limit steel output raises demand concerns. According to reports, major steel mills have been directed to restrict their output, curbing any potential…
AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, has reported a significant increase of 54.24pct YoY in earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q1, reaching USD…
The American Iron and Steel Institute (AISI) has released preliminary data based on the Census Bureau's findings, indicating that the United States imported a total of 2.79 mln tons of steel in June 2023. Among this…
In May 2023, Turkey's wire rod exports faced a significant decline of over 62pct YoY, with the total volume amounted to 39,533 tons, as reported by the Turkish Statistical Institute (TUIK). Despite this overall…
Turkish exports of coated coil in widths of 600 mm and above in the first five months of 2023 fell 50pct YoY to 342,500 tons, hit by antidumping duties imposed by the European Commission and low demand in most main…
ArcelorMittal, the world's leading integrated steel and mining company, reported its financial results for Q2 and H1 2023, revealing a significant decline in core profit (EBITDA). The company's Q2 2023 EBITDA reached…
The European Steel Association (Eurofer) forecasts a challenging outlook for apparent steel consumption in 2022 and the first half of 2023, citing several downside factors. These include war-related disruptions, a bleak…
Data from the Turkish Statistical Institute (TUIK) indicates a noteworthy surge in Turkey's cold-rolled (CR) steel imports during May. The country imported a total of 91,303 tons of CR steel (coils/sheets) during the…
Saudi Arabia's Ministry of Commerce stated that the number of steel and cement export licenses, since lifting ban on exports in 2016, reached 201 and 133, respectively, totaling 334. In a statement, the ministry added…
Hyundai Steel Co., South Korea's No. 2 steelmaker, said its second-quarter earnings tumbled more than 48 pct on-year on sluggish sales. Consolidated net profit came to KRW 293.5 bln (USD 230 mln) in the April-June…
Refractory producer, RHI Magnesita reported a revenue of EUR 1.73 bln (USD 1.91 bln) for the six months ending on June 30, marking a notable 9pct increase compared to the same period in 2022. This growth was primarily…
According to Acerinox's financial statement, the Spanish steelmaker experienced a significant decline in profits during both Q2 and H1 of 2023. In Q2 2023, the company's net profit dropped by 59pct YoY, amounting to EUR…
Tata Steel reported a significant decline in consolidated net profit for the April-June quarter of FY 2023-24, with profits falling by over 93pct to INR 524.85 crores (USD 64 mln). The company attributed the decline in…
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