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EMSTEEL's net profit increased 99 pct YoY to AED 190 mln (USD 52 mln) in the third quarter of 2026, supported by higher selling prices, operational efficiencies and cost control measures despite rising costs linked to regional geopolitical…
TBX Nexxia, the advanced manufacturing platform established by Abu Dhabi sovereign investor Mubadala and Spain's Tubacex Group, has strengthened local production of corrosion-resistant alloy (CRA) oil country tubular goods (OCTG) for the…
Saudi Arabia's National Metal Manufacturing and Casting Co. (Maadaniyah) narrowed its net loss in the third quarter as revenue increased and margins improved. Revenue rose 13.2 pct YoY to SAR 52.3 mln (USD 13.9 mln) in Q3 2026. The company…
India's NCDEX has launched the country's first steel scrap futures contract, providing steelmakers, scrap traders and downstream producers with a regulated mechanism to hedge price risks. The cash-settled contract is based on the HMS 80:20…
Turkish steelmaker Izmir Demir Celik (IDC) reported a wider loss for the first nine months of 2026 as lower revenue and weaker operating performance weighed on its results. The company's consolidated revenue declined 8 pct YoY to TRY 54.93…
JSW Steel's consolidated crude steel production increased 19 pct YoY to 2.57 mln tons in October 2026, according to the company's latest production update. Production at its Indian operations rose 19 pct YoY to 2.49 mln tons, while output…
Saudi Arabia's General Authority for Foreign Trade (GAFT) has launched an anti-dumping investigation into imports of certain hot-rolled structural steel sections from China and Turkey following a complaint filed by United Steel Company, a…
Turkey's Borusan Pipe reported higher revenue and earnings in the first nine months of 2026, supported by planned deliveries in its Infrastructure & Projects segment, higher-value product sales and operational efficiency initiatives. Sales…
Algerian Qatari Steel (AQS) has launched a new export shipment of 99,470 tons of steel products from its Bellara complex, with material destined for Saudi Arabia and Lithuania. The shipment, valued at more than USD 39 mln, includes direct…
EMSTEEL Group has strengthened its presence in global energy projects, supplying heavy and jumbo structural steel sections for oil and gas, LNG and industrial developments across international markets. The company supplied more than…
China's steel exports totalled 9.85 mln tons in October, down 6.1pct from September but up 0.7pct YoY, according to the latest data from the General Administration of Customs. Cumulative steel exports declined by 2.3pct YoY to 95.49 mln…
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…
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