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Arab Steel Summit

March 31, 2022

Turkey’s steel export value up 52.5% in Jan-Feb 2022

In February this year Turkey’s foreign trade deficit increased by 135.5% to $7.88 billion compared to February 2021,according to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). In the January-February period this year, Turkey’s foreign trade deficit rose by 183.3% year on year to $18.15 billion. In February, Turkey’s iron and …

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China’s steel sector PMI declines in March amid spread of Covid-19

In March this year, the purchasing managers index (PMI) for the Chinese steel sector was at 44.3%, down 3.0 percentage points compared to February, as announced by the China Steel Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP). In March, the production index for the Chinese steel sector …

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Turkey’s steel import value up 53.5% in January-February 2022

In February this year the value of Turkey’s iron and steel imports increased by 46.1% year on year, totaling $2.67 billion,According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). In the given month, iron and steel ranked in second place among the most imported products of the country in terms …

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Russia’s war on Ukraine and its impact on the Arab steel industry

As soon as the world breathed a sigh of relief, opened the atmosphere, lifted the ban, and lifted the preventive measures, or even eased them, everyone woke up to the cannon strikes of the Russian-Ukrainian war, which – undoubtedly – doubled the inflationary pressures arising from the disruption of supply and supply chains, given the …

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