Wednesday, December 25, 2024
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    Outokumpu expects lower Q4 EBITDA due to challenging market conditions

    Outokumpu, a leading stainless steel producer, has issued its fourth-quarter guidance, anticipating a decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) compared...

    Welded steel pipe exports rise 8pct in Jan-Oct 2024 YoY

    Turkey exported nearly 1.7 mln tons of welded steel pipes in the first ten months of 2024, marking an 8pct increase compared to the...

    Scrap imports fall 12.5pct in Nov 2024 YoY

    Pakistan's scrap imports fell by 12.5pct YoY in November 2024, according to data from the Pakistan Bureau of Statistics. The country imported 219,765 tons of...

    Finished steel imports drop 18 pct in Nov 2024 YoY

    Pakistan's finished steel imports dropped by 18.25pct YoY in November 2024, according to the Pakistan Bureau of Statistics. The country imported 247,053 tons of finished...

    Govt may impose safeguard duty on steel imports – report

    India is expected to impose a safeguard duty of up to 25pct on steel imports to counter cheap supplies, primarily from China, Reuters reported. Major...

    Steel exports drop 13pct in Jan-Oct 2024 YoY

    Egypt's iron and steel exports declined by 13pct YoY (YoY) from January to October 2024, totaling USD 1.695 bln, down from USD 1.942 bln...

    CRC imports decline by 19pct in Jan-Oct 2024 YoY

    Turkey's CRC imports totaled approximately 630,000 tons in the first ten months of 2024, marking a 19pct decline compared to the same period in...

    ICRA forecasts domestic steel capacity utilization to fall below 80pct in FY25

    ICRA projects that domestic steel industry capacity utilization will dip below 80pct in FY2025 for the first time in four years, as cheap imports...

    Billet imports grew 5 pct in Jan-Oct 2024 YoY

    Turkey's imports of billets and blooms increased by over 5pct YoY in the first ten months of 2024, according to data from the Turkish...

    Govt signs economic partnership deal with EAEU to strengthen trade ties

    The UAE and the Eurasian Economic Union (EAEU) have successfully concluded negotiations for a comprehensive Economic Partnership Agreement (EPA) to boost trade between the...

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