Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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According to data from TUIK (Turkish Statistical Institute), Turkey witnessed an increase in both steel imports and exports under HS code 72 in May 2023, compared to the previous month. Steel import volume saw a…
According to a statement from the Turkish Statistical Institute (TUIK), Turkey's construction confidence index experienced a 3.5pct month-on-month decrease, reaching 88.9 points in June 2023. This decline indicates a…
According to data from the Steel Ministry, several key export markets for India's steel, including Vietnam, Italy, Spain, Belgium, UAE, and others, either reduced their orders or maintained them at the same level in May…
Iranian finished steel consumption witnessed a 0.5pct YoY increase during the first two months of the current Iranian year (March 21-May 21), reaching 3.59 mln tons for finished products, according to the Iranian Steel…
UAE's AD Ports Group, a leading operator of industrial cities and free zones, has entered into a 50-year concession agreement with Pakistan's federal agency Karachi Port Trust. The agreement entails a joint investment…
The Carbon Border Adjustment Mechanism (CBAM) framework will impact India's 15-40 pct of steel exports to Europe, Icra said. The impact will be seen from the calendar year 2026 to 2034, the rating agency said in a…
Algoma Steel Group Inc., a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced results for its fiscal fourth quarter and full year ended March 31, 2023. During the fourth quarter…
According to the latest data released by the World Steel Association, crude steel production in the Middle East witnessed a 1.1pct growth during the first four months of 2023, reaching a total of 18.7 mln tons compared…
The Pakistan Bureau of Statistics has reported a substantial YoY decrease of 38pct in scrap imports, with a total of 126,194 tons imported in May 2023. Pakistan had imported 203,474 tons of scrap in May 2022…
According to recently released data from the Pakistan Bureau of Statistics, Pakistan has witnessed a significant decline of 33.5pct in finished steel imports in May 2023 compared to the previous year. Last month, the…
According to data from the Turkish Statistical Institute (TUIK), Turkey's pig iron imports reached 142,843 tons in April 2023, showing an increase of 11pct compared to the previous month. On a YoY basis, pig iron…
The Pakistan Bureau of Statistics (PBS) released a report stating that the country's Large Scale Manufacturing Industries (LSMI) production witnessed a significant decline of 21.07pct YoY in April 2023. The production…
UAE's steel exports to the United States declined by nearly 35 pct YoY to 77,236 tons in the first four months of 2023. In Jan-Apr 2023, UAE's pipe was the major product exported in the given period to the United…
Vietnamese steel producer, Hoa Phat Group witnessed a decline in production and sales figures in May 2023 compared to the same period last year. However, there were signs of recovery compared to the previous month…
Turkish rebar exports experienced a significant decline in April 2023, according to data from TUIK. The exports dropped by 24pct compared to the previous month and over 65pct on a YoY basis. Buyers showed little…
Turkish wire rod exports experienced a significant decline in April, dropping by 17.8pct compared to the previous month, with a YoY decrease of over 70pct. Among the destinations, Israel stood out as the top receiver of…
China's steel product exports increased by 7.7pct YoY in May, reaching a total of 8.36 mln tons, surpassing the 7.93 mln tons reported in April, as per data from the General Administration of Customs. Furthermore, steel…
Voestalpine Group, based in Austria, reported a 22.1pct YoY increase in revenue, reaching EUR 18.2 bln (USD 19.5 bln) for the business year 2022/23, ended on March 31, 2023. The company stated that this revenue figure…
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