Thursday, May 1, 2025
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    Mughal Steel’s profit drops sharply in 9M FY25

    Pakistan's Mughal Iron and Steel Industries Limited (Mughal Steel) reported a consolidated profit of PKR 412.39 mln (USD 1.46 mln) for the nine-month period...

    Iron ore futures pressured by steel output cut speculation and cooling demand

    Iron ore futures declined on Wednesday, pressured by mounting concerns over long-term demand. The market faces several headwinds, including the potential for steel production cuts,...

    ArcelorMittal posts lower Q1 profit as steel prices weaken

    ArcelorMittal, one of the world's leading integrated steel and mining companies, reported a net income of USD 805 mln for the first quarter of...

    Baosteel’s profit rises in Q1 2025

    Baoshan Iron & Steel Co. (Baosteel), China's largest listed steelmaker, reported a 26.4pct YoY increase in net profit for the first quarter of 2025,...

    Govt urges steel producers to expand overseas raw material holdings

    India is encouraging companies to acquire iron ore, coking coal, and other key raw material assets overseas to support its expanding steel sector, Steel...

    Ministry imposes provisional AD tariffs on HR plate imports from China

    The South Korean Ministry of Economy and Finance has imposed provisional anti-dumping duties on hot-rolled plate imports from China. The duties, ranging from 27.91pct to...

    Scrap imports rise in March 2025

    Pakistan's scrap imports reached 280,635 tons in March 2025, marking a YoY increase of 10.82pct, according to data from the Pakistan Bureau of Statistics...

    Finished steel imports surge in Q1 2025

    Pakistan imported 328,497 tons of finished steel in March 2025, a 27.25pct increase YoY from 258,141 tons in March 2024, according to the Pakistan...

    Steel trade gap widens in FY25 with rising imports, sluggish exports

    India's steel imports rose sharply in FY25, ended March 31, 2025, while exports saw a significant decline, according to data from the Ministry of...

    ISL posts steep profit decline in 9M FY25

    International Steels Limited (ISL) of Pakistan reported a significant decline in profitability for the nine months ending March 31, 2024, according to its unaudited...

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