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Friday, May 1, 2026

Steel Mills

Hadeed raises long steel prices for May output

Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for May production. Rebar (12-32 mm) prices were raised...

Erdemir Q1 profit declines 9.4pct YoY, output rises

Turkish steel producer, Erdemir Group reported a 9.4pct YoY decline in profitability in the first quarter of 2026, according to its latest financial results. Net...

Amreli returns to profit in 9M FY2026 on loan restructuring gains

Pakistan's Amreli Steels Limited reported a return to profitability for the nine-month period ended 31 March 2026, primarily supported by gains from loan restructuring. The...

Baosteel Q1 profit declines 8.6pct YoY

China's Baoshan Iron & Steel Co. reported weaker profitability in the first quarter of 2026, with net profit attributable to shareholders falling 8.6pct YoY...

Tata Steel commissions ASU at Ludhiana EAF plant with INOX Air Products

India-based Tata Steel Limited has commissioned a 280 tons per day (TPD) cryogenic air separation unit (ASU) at its electric arc furnace (EAF)-based steel...

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