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Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.

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Borusan Pipe returns to profit in 2025

Turkey Turkey

Turkish pipe producer Borusan Pipe reported higher earnings in 2025, supported by stronger volumes and improved operational efficiency, according to its full-year financial results. Net profit reached USD 31.7 mln in…

APC profit declines on lower sales in 2025

Saudi Arabia Saudi Arabia

Saudi Arabia's Arabian Pipes Company (APC) reported a 34.3pct YoY decline in net profit for 2025, according to a stock exchange filing. The company's net profit fell to SAR 110.47 mln (USD 29.4 mln) from SAR 168.18 mln…

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