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Iran's steel production declined by 10.6pct YoY in the first six months of the Iranian year, from March 21 to September 22, mainly due to energy shortages and the impact of the war, according to the Iranian Steel Producers Association…
Saudi Arabia's Al-Babtain Power and Telecommunication reported a 41.5pct YoY increase in net profit for the first nine months of 2026, supported by higher sales and lower costs. Net profit reached SAR 443.4 mln (USD 118.2 mln) in…
Tata Steel reported higher earnings for the July-September quarter, supported by increased production and deliveries and a strong performance from its Indian operations. Consolidated revenue rose 11.5pct YoY to INR 654.36 bln (USD 6.97…
Turkey imported 14.3 mln tons of steel scrap during January-September 2026, up 2.9pct YoY, according to data from the Turkish Statistical Institute (TUIK). The United States remained Turkey's largest scrap supplier during the period, with…
Turkey's Kardemir returned to profit in the first nine months of 2026, reporting a net profit of TRY 6.58 bln (USD 131.6 mln), compared with a net loss of TRY 1.24 bln in the same period last year. Revenue declined 3.1pct YoY to TRY 60.57…
Saudi Steel Pipe Co. (SSP) reported a net profit of SAR 109 mln (USD 29.1 mln) in the first nine months of 2026, down 25.9pct YoY from SAR 147 mln. The decline in nine-month net profit was mainly due to a SAR 54 mln (USD 14 mln) land…
India's finished steel consumption increased 7.5pct YoY to 99.3 mln tons during April-October 2026, according to provisional data released by the Ministry of Steel. Finished steel production rose 3.9pct YoY to 95.5 mln tons during the…
Kocaer Steel's net profit increased 49.4pct YoY to TRY 873.3 mln (USD 17.5 mln) in the first nine months of 2026, compared with TRY 584.4 mln in the same period last year. Revenue declined 11.3pct YoY to TRY 19.84 bln (USD 396.9 mln), from…
Hoa Phat Steel Sheet Co. has exported around 8,000 tons of galvanized steel coils to Japan in the fourth quarter of 2026, marking the company's entry into the Japanese market. The shipment complies with Japan's JIS G 3302 standard and…
Nippon Steel Corporation returned to profit in the first half of its fiscal year ending March 2027, supported by higher overseas earnings and the contribution from U.S. Steel. The Japanese steelmaker reported revenue of JPY 5.84 trillion…
ArcelorMittal reported a net loss of USD 391 mln in the third quarter of 2026, compared with a net profit of USD 377 mln in the same period last year, mainly due to impairment and exceptional items related to the idling of its Kryvyi Rih…
India's NMDC reported an 11.6pct YoY decline in iron ore sales to 3.44 mln tons in October 2026, despite production increasing by 18pct to 5.04 mln tons. The decline in sales was attributed to disruptions on the Kottavalasa-Kirandul…
Nippon Steel has successfully produced direct reduced iron (DRI) using 100pct hydrogen as a reducing agent and lower-grade iron ore at its pilot-scale shaft furnace in Japan. The company said the test at its Hasaki Research & Development…
Turkey's steel exports increased during the first nine months of 2026, while imports declined, improving the export-to-import ratio, according to data from the Turkish Steel Producers Association (TCUD). Steel exports decreased 6.4pct YoY…
Turkey's Kocaer Celik received steel profile orders worth USD 68.3 mln in October 2026, primarily for export markets as well as the domestic market, according to the company's stock exchange filing. The order value represents 12.1pct of…
Tubacex is prioritizing the normalization of operations and logistics at its integrated corrosion-resistant alloy (CRA) oil country tubular goods (OCTG) manufacturing platform in Abu Dhabi, following disruptions linked to the Middle East…
Vale produced 2.09 mln tons of iron ore pellets at its Oman operations in the third quarter of 2026, down 17pct YoY, according to the company's latest production report. Output increased sharply from 200,000 tons in the second quarter…
Egyptian Prime Minister Mostafa Madbouly inaugurated the 19th Arab Steel Summit and International Iron and Steel Exhibition in Cairo on November 3, 2026. Organized by the Arab Iron and Steel Union (AISU), the two-day event brings together…
The New Plate Mill (NPM) of Steel Authority of India Limited's (SAIL) Rourkela Steel Plant (RSP) achieved record production and shipment levels in October 2026, with plate shipments reaching 103,462 tons. The mill's monthly shipments…
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