Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Chinese exports of steel billets to GCC countries increased during the first four months of 2026, supported by stronger demand from regional buyers, customs data showed. Based on exports under HS Codes 72071100 and…
Egypt's Industrial Engineering Company for Construction and Development (ICON) reported a 47pct YoY increase in consolidated net profit attributable to the parent company during the first quarter of 2026, supported by…
India remained a net importer of finished steel during the first two months of fiscal year 2026/27, with imports rising faster than exports, according to provisional data from the Joint Plant Committee (JPC). Finished…
The global long steel market remains relatively stable, although regional differences are becoming increasingly pronounced due to trade restrictions, geopolitical tensions, and changing import regulations, according to…
Turkey's rebar exports increased by 8pct YoY to around 1.49 mln tons in the January-April period, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the largest export destination for…
India's largest iron ore producer, NMDC, reported a 19.9pct YoY increase in iron ore production to 5.31 mln tons in May, according to provisional company data. However, sales declined by 6.9pct YoY to 4.04 mln tons…
Turkey's steel exports declined by 3.3pct YoY to 3.5 mln tons in the first four months of 2026, while export revenues fell 5.5pct to USD 3.2 bln, according to data from the Turkish Steel Producers' Association (TCUD)…
Global steel excess capacity is projected to reach 745 mln tons by 2028, up from an estimated 640 mln tons in 2025, as capacity expansion continues to outpace demand growth, according to the OECD Steel Outlook 2026…
Turkey imported 6.6 mln tons of ferrous scrap during the first four months of 2026, up slightly compared with the same period last year, according to data from the Turkish Statistical Institute. The United States…
Egypt's Iron & Steel for Mines & Quarries (ISMQ) reported a net profit after tax of EGP 229.3 mln (USD 4.42 mln) for the first nine months of fiscal year 2025/26, down 47pct from EGP 432.0 mln recorded in the…
China's finished steel exports to India more than doubled YoY in April, reaching around 232,000 tons, the highest monthly level in at least two years, according to provisional Indian government data, Reuters reported…
Crude steel production in the Middle East declined by 27.6pct YoY to 3.7 mln tons in April 2026 amid continued disruptions linked to regional tensions, according to data from the World Steel Association. As a result…
India became a net importer of finished steel in April 2026, according to provisional government data, Reuters reported. The country imported around 0.7 mln tons of finished steel during the month, rising by 30.8pct…
Pakistan imported 217,192 tons of steel scrap in April 2026, down by nearly 26pct compared with 292,945 tons imported in the same month last year, according to data from the Pakistan Bureau of Statistics (PBS). However…
Pakistan imported 327,416 tons of finished steel products in April 2026, down by 16.2pct compared with the same month last year, according to data from the Pakistan Bureau of Statistics (PBS). However, finished steel…
Turkish steel mills returned aggressively to the deep-sea scrap market in late March after a period of cautious buying following tensions in the Middle East, according to the latest BIR World Mirror on Ferrous Metals…
Turkey exported around 256,000 tons of wire rod in the first quarter of 2026, down by 11pct YoY, according to data from the Turkish Statistical Institute (TUIK). Romania remained the largest export destination for…
The European Parliament has approved new safeguard measures aimed at protecting the EU steel industry from the impact of global steel overcapacity after the current safeguard regime expires on June 30, 2026. Under the…
Turkey's rebar exports remained almost stable in the first quarter of 2026, according to data from the Turkish Statistical Institute (TUIK). The country exported around 1.07 mln tons of rebar during the January-March…
Turkish steel producer Kardemir reported a net profit of TRY 24.5 mln (USD 0.54 mln) in the first quarter of 2026, compared with a net loss of TRY 1.94 bln (USD 42.55 mln) recorded in the same period last year. The…
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