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Iranian steelmakers experienced substantial growth in exports during the first quarter of the current fiscal year 2024 (March 21 - June 21). According to the latest data released by the Iranian Steel Producers…
Major Indian steel producer, JSW Steel Limited, has announced its financial results for the first quarter of fiscal year 2024, ending on June 30, 2023. The company reported a substantial YoY increase in revenue…
Tokyo Steel Manufacturing has announced impressive financial results for the first quarter and has revised its full-year profit forecast upwards. The company reported a 30pct YoY increase in net profit, reaching JPY…
Omani steel producer, Al Jazeera Steel Products Co. SAOG, reported a 28 pct YoY drop in its net profit in the first half of 2023, according to its unaudited financial statement. In H1 2023, the company's net profit…
According to Vale's operational report, the company's Oman facility experienced a 2.2 pct year-on-year decline in iron ore pellet production during H1 2023. The total production of iron ore pellets reached 4.33 mln tons…
Steel Dynamics Inc. released its second-quarter 2023 financial results, reporting net sales of USD 5.1 billion and net income of USD 812 mln for the quarter. Compared to the preceding first quarter of 2023, net income…
BHP Group reported its highest-ever annual iron ore production in FY23, despite challenges posed by Tropical Cyclone Ilsa. The success can be attributed to the strong performance of its South Flank operations in Western…
India has outpaced China as the leading developer of coal-based steelmaking capacity, according to a recent report by Global Energy Monitor. The capacity under development globally, following the 'blast furnace-basic…
South Korean Posco Group saw its second-quarter operating profit plunge by more than 38 pc amid steel oversupply due to the sluggish property market in China. Posco Holdings Inc. disclosed that its preliminary operating…
Rio Tinto Group said second-quarter shipments of iron ore fell 1pc from a year earlier, as China’s faltering economic recovery continued to weigh on demand. The world’s biggest iron ore producer shipped 79.1 mln tons of…
According to the Pakistan Bureau of Statistics, scrap imports in Pakistan have experienced a significant YoY decrease of almost 50pct, with a total of 121,877 tons imported in June 2023. This quantity represents the…
Newly released data from the Pakistan Bureau of Statistics indicates a significant decline in Pakistan's finished steel imports in June 2023. The imports of finished steel experienced a substantial YoY decrease…
Iron ore futures experienced a recovery on Tuesday, buoyed by market optimism regarding potential stimulus measures from the Chinese government to revitalize the sluggish economy. China's economic recovery showed signs…
The Tinplate Company of India Ltd (TCIL), a subsidiary of Tata Steel, has announced a significant decline in its net profit for the June quarter. The company's net profit plummeted by 96.91 pct to INR 2.62 crore (USD…
Turkish exports of HR steel (coils/sheets/plates) witnessed a significant growth of 56pct in May 2023 compared to April 2023, according to data released by the Turkish Statistical Institute (TUIK). During May, Turkish…
Iron ore futures experienced a decline on Monday due to disappointing Chinese economic data, which dampened market sentiments. According to the National Bureau of Statistics (NBS), China's gross domestic product (GDP)…
The Ministry of Steel reported that India's overall steel import reached 484,000 tons, representing a 5.9pct month-on-month increase and a 7.6pct increase compared to June 2022. In June 2022, China accounted for 26.1pct…
Turkish rebar exports experienced a recovery in May 2023, with a nearly 24pct increase compared to the previous month. However, when compared to the same month last year, the exports almost halved, according to data…
Iron ore prices continued to climb on Thursday, bolstered by expectations of additional stimulus measures and dwindling inventory levels at Chinese ports. However, concerns over weakening export data dampened demand…
According to data from the General Administration of Customs, China witnessed a 0.7pct decline in its steel product exports in June compared to the previous year, totaling 7.51 mln tons. This decrease marked the end of…
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