Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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India's Steel Authority of India Ltd. (SAIL) reported a sharp increase in first-quarter profit for the 2026/27 fiscal year despite lower steel production and sales volumes, supported by improved operational efficiency…
Thailand's steel producers have called on the government to strengthen measures against imports of steel produced using induction furnace (IF) technology, warning that persistent inflows of lower-cost products continue…
Crude steel production in the Middle East declined by 13.4pct YoY to 4.0 mln tons in June 2026, according to data from the World Steel Association. During the January-June period, regional crude steel production fell by…
Saudi Arabia's East Pipes Integrated Company for Industry (East Pipes) reported strong financial results for the first quarter of fiscal year 2026/27 ended June 30, supported by higher sales volumes, improved selling…
Vale's iron ore pellet production at its Oman operations fell sharply in the second quarter of 2026 as the temporary suspension of its Sohar pellet plants amid Middle East tensions weighed on output. Pellet production…
Oman's Al Jazeera Steel Products Co. SAOG reported a decline in net profit for the first half of 2026, according to its unaudited financial results. The company's net profit fell 6pct YoY to OMR 3.88 mln (USD 10 mln)…
US-based Steel Dynamics reported stronger second-quarter results, supported by improved steel prices, record shipments and solid demand across key end-use sectors. The company said favorable market conditions continued…
Germany's Salzgitter AG has raised its financial guidance for 2026 after reporting significantly improved preliminary results for the first half of the year, driven by stronger performances in its steel production…
India's JSW Steel reported higher revenue and profit for the first quarter of fiscal year 2026-27, supported by record first-quarter steel sales, improved realizations and stronger operating margins. Revenue from…
Bangladesh's largest steelmaker BSRM plans to invest around BDT 100 bln (USD 810 mln) to build the country's first integrated hot-rolled flat steel plant at the Mirsarai Economic Zone, according to local media reports…
Pakistan imported 323,896 tons of steel scrap in June 2026, up nearly 65pct from 196,424 tons in the corresponding month last year, according to data from the Pakistan Bureau of Statistics (PBS). Steel scrap imports…
Pakistan imported 389,370 tons of finished steel products in June 2026, more than doubling from 187,456 tons in the corresponding month last year, according to data from the Pakistan Bureau of Statistics (PBS). Market…
Rio Tinto reported a 6pct YoY increase in Pilbara iron ore production to 162.3 mln tons during the first half of 2026, supported by productivity improvements across its mining operations, while iron ore sales from the…
Turkey exported 1.1 mln tons of HRC during the first five months of 2026, down more than 15pct year-on-year, according to data from the Turkish Statistical Institute (TUIK). Italy remained the largest export…
China's steel exports declined 5.6pct YoY to 54.87 mln tons during the first half of 2026, reflecting growing trade barriers in key export markets and disruptions to shipments caused by the Middle East conflict. The…
Turkey's HRC imports declined 9.5pct YoY to 1.43 mln tons during the first five months of 2026, according to data from the Turkish Statistical Institute (TUIK). Russia remained Turkey's largest HRC supplier during the…
JSW Steel reported consolidated crude steel production of 6.59 mln tons in the first quarter of FY2027, up 3pct YoY and 2pct from the previous quarter. Indian operations accounted for 6.35 mln tons, increasing 3pct from…
Vietnam's leading steelmaker Hoa Phat Group produced more than 3.6 mln tons of crude steel in the second quarter of 2026, up 48pct YoY and 9pct from the previous quarter, driven by higher output across its integrated…
Turkey's steel industry expects the European Union's revised steel safeguard measures to reduce the country's steel exports by around 3.5 mln tons, equivalent to approximately USD 3 bln in export revenue, according to…
Tata Steel reported crude steel production in India of 5.82 mln tons during the April-June (Q1 FY2027) period, up 11pct YoY from 5.23 mln tons, driven by higher output at its Jamshedpur and Kalinganagar plants. Steel…
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