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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…
Al Jazeera Steel Products Co. SAOG reported a 13pct increase in standalone net profit for the first half of 2026, while consolidated group profit declined by 6pct, reflecting weaker sales volumes and challenging market conditions. The…
Jindal Saw Limited's operations in the Middle East continue to face disruption from the regional conflict, affecting order execution, capacity utilization and logistics, according to comments made during the company's Q2 FY27 Earnings…
Saudi Arabia's Watani Iron Steel Company reported a net profit of SAR 31.8 mln (USD 8.5 mln) for the first nine months of 2026, compared with a net loss of SAR 3.55 mln in the corresponding period last year. Revenue increased by 53.2pct…
Pakistan's Mughal Iron & Steel Industries Limited reported a 78.2pct YoY decline in consolidated net profit to PKR 201.4 mln (USD 727,000) for the quarter ended September 30, 2026, compared with PKR 925.7 mln a year earlier. Net sales fell…
The global long steel market has deteriorated slightly, with demand remaining weak and relatively stable, while fluctuations in scrap prices continue to influence rebar prices, according to the International Rebar Producers and Exporters…
Saudi Arabia's Arabian Pipes Co. reported a 65.5pct YoY decline in net profit to SAR 35.27 mln (USD 9.4 mln) in the first nine months of 2026, as lower sales volumes and higher shipping costs weighed on its performance. Revenue fell…
Pakistan's Amreli Steels Ltd reported a net loss of PKR 60.57 mln (USD 219,000) in the quarter ended September 2026, compared with a loss of PKR 790.36 mln in the same quarter last year. Revenue increased sharply to PKR 10.45 bln (USD 37.7…
South Korea's HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has reiterated its intention to participate as a primary strategic investor in a proposed USD 4 bln greenfield shipyard at Thoothukudi, Tamil Nadu, as India and South…
Vietnam's Hoa Phat Group reported a 104pct YoY increase in after-tax profit to VND 23.75 trillion (USD 920 mln) in the first nine months of 2026, exceeding its full-year target by 8pct. Revenue rose 54pct to VND 171.54 trillion (USD 6.65…
South Korea's Hyundai Steel Co. reported consolidated net profit of KRW 84 bln (USD 63 mln) in the third quarter of 2026, up from KRW 18 bln a year earlier and KRW 12 bln in the previous quarter. Operating profit reached KRW 87 bln (USD…
Germany's Salzgitter AG has raised its earnings guidance for 2026 following stronger-than-expected results in the first nine months and improved performance in its steel production and trading businesses. The group recorded external sales…
Saudi steelmakers Watani Iron Steel Co. and Ajeej Steel & Manufacturing Co. expect higher operating costs following revised electricity tariffs scheduled to take effect on January 1, 2027. Changes to water tariffs are not expected to have…
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