India Targets Middle East, Asia to Boost Steel Exports

SteelBazaar News•February 10, 2026•2 min read

The move comes amid shifting global trade dynamics and rising infrastructure demand in emerging economies. With construction booms in the Gulf and increased manufacturing in Asia, Indian steelmakers see significant growth opportunities outside their traditional export zones.

By diversifying its export footprint, India hopes to stabilize steel trade volumes, strengthen its presence in high-demand regions, and reduce exposure to regional market volatility or regulatory disruptions. The focus on new markets also aligns with the country's broader strategy to position itself as a global manufacturing and supply hub.

Industry leaders expect these efforts to bear fruit within the next six months as deals and collaborations take shape. This strategic pivot could mark a new phase for India's steel sector, enhancing its global competitiveness and export resilience.

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

Steel Related News You might want to check out

View by

Oman aims to become a global hub for green iron and steel

Oman is advancing toward becoming a global center for green iron and steel production as part of its broader industrial transformation strategy. A new report released on 26 January by the Institute for Energy Economics and Financial Analysis (IEEFA) states that the country is building a strategic foundation for transitioning from natural gas to green hydrogen by developing flexible technologies compatible with hydrogen use in direct reduced iron (DRI) plants. Strong industrial infrastructure and investments IEEFA highlights that Oman is among the few countries in the MENA region with an integrated steel production value chain. With pelletizing facilities, DRI production, and electric arc furnaces, the country holds a structural advantage in shifting toward low-emission production. Planned investments in Duqm aim to establish approximately 12.5 million tonnes per year of DRI/HBI capacity. According to the report, new facilities are being designed to be compatible with hydrogen use. Whil

Oman aims to become a global hub for green iron and steel

Fuat Tosyalı: We are one of the three companies that produce the world's thinnest steel

Speaking at the congress, Fuat Tosyalı, Chairman of the Board of Tosyalı Holding and BMC, made statements regarding production capacity in the iron and steel sector, technology investments, and international growth plans. Tosyalı stated that Tosyalı Holding has become the largest steel pipe producer in Europe, noting that they possess the production infrastructure to meet all pipeline infrastructure projects across Europe, particularly for gas and water. He emphasized that the company has established a strong position in the European market in terms of both quality and technology, adding that they focus on high value-added and advanced technology products in their production processes. “We are the number one steel pipe producer in Europe,” Tosyalı said, adding that they are one of the three companies in the world capable of producing the thinnest steel. He explained that they manufacture steel as thin as tissue paper and phyllo dough, noting that such production requires highly sensiti

Fuat Tosyalı: We are one of the three companies that produce the world's thinnest steel

Stable industry conditions a boon for CSC Steel

Posted on 11 Feb 2026 CSC Steel Holdings Bhd will be supported by stabilising industry conditions and a stronger earnings base built over the past year, says TA Research. While global steel market fundamentals remained fragile, the research house noted that the company’s outlook is improving, driven by “incremental demand recovery and ongoing supply-side adjustments”, even as competition from elevated Chinese exports continues to cap pricing upside. For CSC Steel, a downstream steel producer with a focus on coated and value-added products, the environment presented both challenges and opportunities. TA Research said, in a note yesterday, recent policy measures including export licensing on selected Chinese steel products and tougher trade protection in major markets such as the United States, European Union and Canada are expected to improve market discipline and support a gradual recovery in steel prices. Domestically, steady construction activity and infrastructure projects continued

Stable industry conditions a boon for CSC Steel

Voestalpine increases earnings in first three quarters of 2025/26

The company attributed this performance to its group strategy focused on quality, innovation and efficiency, as well as sectoral and regional diversification. Business segments developed in different directions. Demand in the Railway Systems segment remained positive, while strong demand from the aerospace industry continued. Demand from construction, mechanical engineering and consumer goods sectors remained low but stable. In the energy sector, demand for products of the Steel Division followed a positive trend, supported by strong orders from the automotive industry. However, the Automotive Components segment was affected by ongoing weak market dynamics in European automotive production. The Warehouse Technology segment delivered a very strong performance in the first nine months of the financial year. voestalpine AG CEO Herbert Eibensteiner stated that the company demonstrated a high level of responsiveness and adaptability. He emphasized that restructuring measures in the High Per

Voestalpine increases earnings in first three quarters of 2025/26

Steel Industry Employment: Challenges and Plotting a Path Forward

✅ Key Takeaways Introduction: Steel, Employment, And The Big Question “Is It Better Today?” The Scale Of Steel Employment: Fewer Workers, Bigger Impact How Technology Has Reshaped Steel Jobs And Working Conditions Consolidation, Overcapacity, And The Pressure On Steel Employment Stability Generational Shifts, Experience Gaps, And The Future Steel Workforce Company Culture, Benefits, And Retention: Why Steel Employment Feels Different Today AI, Green Steel And The Future Of Steel Employment Opportunities Are Steel Employment Conditions “Better” Today – And Would You Do It Again? Conclusion: Steel Employment, Legacy, And Your Next Move Check out our most recent articles below: 📬 ✅ The steel industry supports millions of stable, well paid jobs, but direct employment has declined sharply over the past decades as technology and productivity have improved. ✅ Future steel employment will favor fewer but more skilled roles, especially in automation, AI, green steel, and advanced manufacturing,

Steel Industry Employment: Challenges and Plotting a Path Forward

Erdemir will produce steel sheet for Türkiye’s national aircraft carrier

According to a statement released by Erdemir, the plate products required for the MUGEM project will be produced at the company’s plate rolling mill. Within the scope of project preparations, supply agreements have been signed with Sedef and Sefine shipyards. It was reported that the first batch of the planned plates was delivered to the manufacturing companies at the end of January. It was stated that the steels to be used in the construction of MUGEM are produced using direct iron ore as the primary raw material. All processes from the chemical composition of the steel to its mechanical performance are carefully controlled from the very beginning of production. The shipbuilding plates to be manufactured under the project are said to offer superior weldability and formability, along with high toughness and strength values. As one of Türkiye’s leading domestic plate producers, Erdemir is expected to contribute to MUGEM considered one of the largest projects of the Turkish defense indus

Erdemir will produce steel sheet for Türkiye’s national aircraft carrier

Strong domestic demand drives Emirates Steel volume growth

Posted on 11 Feb 2026 Abu Dhabi-headquartered Emirates Steel, the wholly owned steel subsidiary of state-owned Emsteel, increased its finished steel sales volumes by 16% year-on-year to 3.3 million tonnes in 2025, supported by robust domestic demand, Kallanish notes. The steelmaker generated AED 8 billion ($2.17 billion) in annual revenue, accounting for 89.9% of Emsteel group revenue, which reached AED 8.9 billion. This marked a 6% increase y-o-y, while the steel division's Ebitda rose sharply by 51% y-o-y to AED 1 billion, reflecting improved margins and stronger operational performance, according to the group’s unaudited preliminary financial disclosure. Group's net profit increased by 23% y-o-y to AED 480.88 million from AED 392.39m a year earlier, however, the steel division's net profit has not been provided. As of 31 December 2025, Emsteel further strengthened its balance sheet, posting a net cash position of AED 1.2 billion, up significantly from AED 337m a year earlier. Group

Strong domestic demand drives Emirates Steel volume growth

Kahramanmaraş will be connected to the Eastern Mediterranean ports by high speed train

It was announced that the line, which will start from Nurdağı district of Gaziantep and extend to Kahramanmaraş, will be connected to the planned 235 kilometer Malatya–Narlı–Nurdağı High-Speed Train Project. Minister Uraloğlu stated that project work is ongoing for the Nurdağı–Kahramanmaraş high-speed rail connection, which is planned to be 49 kilometers in total length. He noted that once the studies are completed, the line is expected to be included in the investment program and the construction phase will be initiated. Uraloğlu explained that the line will be built to accommodate both passenger and freight transportation. Designed as a double track, electrified, and signaled line suitable for an operating speed of 200 kilometers per hour, the project aims to enable Kahramanmaraş’s production capacity to reach broader markets. He added that via Nurdağı, the line will connect to the Mersin–Adana–Osmaniye–Gaziantep High-Speed Train Line, integrating Kahramanmaraş with Eastern Mediterra

Kahramanmaraş will be connected to the Eastern Mediterranean ports by high speed train

CSC Steel concerned over elevated China exports

Posted on 11 Feb 2026 CSC Steel Holdings Bhd, the largest listed steel maker in the country, says elevated exports from China remains a challenge after the group’s revenue fell 9% in the financial year ended Dec 31, 2025 (FY25). In a filing with Bursa Malaysia, the debt-free CSC Steel reported a drop in FY25 revenue to RM1.38bil as average selling prices continued to be on a downward trend. However, net profit for the 12-month period more than doubled on a year-on-year (y-o-y) basis to RM69.4mil. This was possible due to lower raw material costs and the stronger ringgit against the US dollar. For the fourth quarter, the group’s net profit jumped by 61.7% y-o-y to RM18.3mil. Meanwhile, revenue fell by 4.2% y-o-y to RM330.4mil. CSC Steel said its sales volume saw a slight increase in the October to December 2025 period, but this was offset by the reduction in average selling prices. The improved bottom line raised the earnings per share in the fourth quarter to 4.97 sen. No dividend was

CSC Steel concerned over elevated China exports

Krakatau Steel sees state fund take charge

Posted on 11 Feb 2026 Publicly listed state-owned steelmaker PT Krakatau Steel has revealed that state asset fund Danantara was stepping in as the main investor for a new steel plant set to break ground in March this year, signaling a U-turn from a potential joint partnership with a Chinese investor. Hernowo, Krakatau Steel’s commercial, business development and portfolio director, said the company was originally eyeing potential investment from China to shore up its weak financial capacity. However, Danantara’s entry meant the company no longer needed to seek other investors to serve as the project’s primary funder. “Now the considerations have changed. Danantara plans to come in. If Danantara enters the project, there will be no need for other investors. “Partnerships with other countries will still be allowed, but control remains in Indonesia,” he said . The country’s largest steel producer previously explored a partnership with China’s Delong Steel Group to build a steel plant, pro

Krakatau Steel sees state fund take charge

Tata Steel Shares Rally 7% in 2 Days Post Strong Q3

Tata Steel shares have surged 7% over the past two trading sessions, driven by a strong Q3 performance that surpassed market expectations. The company’s robust quarterly results have reignited investor interest, sparking a notable rally in the stock. In its Q3 FY26 earnings report, Tata Steel posted improved margins, higher volumes, and stable pricing, supported by solid performance in both Indian and European operations. Analysts noted that cost efficiency measures and resilient demand helped lift the bottom line, positioning the company for sustained growth. The rally has caught the attention of retail and institutional investors alike, prompting discussions on whether this is an ideal entry point. Market experts remain cautiously optimistic, citing strong fundamentals and Tata Steel’s strategic focus on deleveraging and expansion as key positives.With global steel demand expected to remain firm and domestic infrastructure spending on the rise, Tata Steel appears well-placed to benef

Tata Steel Shares Rally 7% in 2 Days Post Strong Q3

India steel ministry signs MoUs for 85 specialty steel projects with 55 companies

The signing ceremony was held on Monday at Vigyan Bhawan in New Delhi, attended by Minister for Steel and Heavy Industries HD Kumaraswamy and senior ministry officials. Under the signed MoUs, the companies committed a total investment of INR 11,887 crore in steel and alloy production, along with a pledged production capacity of 8.7 million tons. This round of the program aims to support domestic manufacturing in line with the government’s “Make in India” vision. Speaking at the ceremony, Minister HD Kumaraswamy stated that the Production Linked Incentive Scheme is a key reform initiative designed to strengthen domestic manufacturing and increase global competitiveness. He emphasized that the new investments will deepen local capacity, reduce import dependence and reinforce India’s position as a reliable supplier of high value added steel. Steel Secretary Sandeep Poundrik emphasized that the success of the projects depends on timely execution of investments and sustainable production, a

India steel ministry signs MoUs for 85 specialty steel projects with 55 companies

JSW Steel, Acutaas Chemicals Shine as Analysts Predict Strong Upside

Shares of JSW Steel and Acutaas Chemicals are drawing investor interest after analysts highlighted their promising growth outlook. JSW Steel, one of India’s largest steel producers, has been buoyed by strong demand in infrastructure and manufacturing sectors, leading to positive upgrades from market experts. Analysts noted that JSW Steel’s expansion plans and stable pricing environment could support sustained earnings growth. With the government’s continued push on capital expenditure and infrastructure development, the steel major is expected to benefit from rising domestic consumption. Meanwhile, Acutaas Chemicals has gained momentum in the specialty chemicals segment. The company’s focus on high-margin products and export opportunities has made it a strong contender in the mid-cap space. Its consistent financial performance and diversified product portfolio have positioned it well for long-term gains. Both stocks have been recommended as potential buys, supported by strong fundament

JSW Steel, Acutaas Chemicals Shine as Analysts Predict Strong Upside

SteelBazaar News

10 February 2026

$The Zaporizhzhia Refractory Plant has expanded its product range with 15 new refractory products$

The Zaporizhzhia Refractory Plant has expanded its product range with 15 new refractory products

It was stated that the newly developed products are aimed at increasing the reliability of production processes and ensuring operational continuity. During the year, more than 390 tons of the newly introduced products were shipped to the market. The plant designed the new product range in line with the technical and operational needs of steel producers and mining companies. In this context, production of suspended andalusite refractories for hardening machines was launched in 2025, along with burner blocks intended for use at Metinvest Group’s Central and Northern Iron Ore facilities. The Zaporizhzhia Refractory Plant also developed various customized solutions for Kamet Steel. Vibratory-cast lance blocks were produced for use in ladle blowing units at the BOF shop, while slag-forming mixtures for continuous casting molds used in high-carbon steel grades, thermal insulation mixes and working linings for distribution ladles, and gunning masses used in the repair of coke oven batteries w

$The Zaporizhzhia Refractory Plant has expanded its product range with 15 new refractory products$

The Zaporizhzhia Refractory Plant has expanded its product range with 15 new refractory products

Vietnam crude steel production reaches five year high in 2025

This figure surpassed the previous peak registered in 2020, while production showed a year on year increase of %12. VSA stated that this performance highlights the strong domestic capacity of integrated steel production complexes in Vietnam and emphasized that these facilities are well positioned to supply materials for major infrastructure mega projects over the next decade. The association linked the increase in steel production to strong growth in the national economy. Vietnam’s economy expanded by %8.02 in 2025, reaching the highest level recorded during the 2021–2025 period, while industrial output posted a %9.73 increase, representing its strongest performance since 2020. Total steel sales rose by %12.9 year on year in 2025 to reach 24.1 million tonnes. During the same period, steel exports also recorded an increase of %12.8 compared to 2024, reaching 3.15 million tonnes. VSA noted that this growth was driven by both a recovery in domestic demand and relatively favorable conditio

Vietnam crude steel production reaches five year high in 2025

Tata Steel Expects European Steel Prices to Stay Elevated

Tata Steel expects steel prices in Europe to remain elevated in the coming quarters, driven by rising carbon costs, structural supply constraints, and supportive trade policies. The company emphasized that these market dynamics are not temporary but reflect long-term shifts reshaping the European steel landscape. Factors such as the EU’s Carbon Border Adjustment Mechanism (CBAM), which penalizes carbon-intensive imports, and restricted domestic capacity are supporting higher base prices. Tata Steel officials stated that these trends are creating a “new normal” in pricing, with demand stabilizing and costs remaining firm. With supply from regions like China and Turkey facing trade hurdles, Europe is increasingly relying on local production. This is tightening availability and creating pricing power for domestic steelmakers. Tata Steel, which operates in both India and Europe, is well-positioned to benefit from these shifts.The outlook also signals potential ripple effects on global stee

Tata Steel Expects European Steel Prices to Stay Elevated

CBAM is increasing production risk in the Italian casting sector

Assofond, the association representing Italian foundries under Confindustria, has warned that the regulation in its current form is producing unsustainable outcomes and has called for an urgent revision in a message to Minister for Enterprise and Made in Italy, Adolfo Urso. According to Assofond’s assessment, the most critical impact of the mechanism has been the uncertainty in the supply of key raw materials covered by CBAM, such as pig iron, ferroalloys, and primary aluminium. Since the costs of the certificate purchasing obligation, which will take effect from February 2027, have not yet been clarified, the prices of these inputs cannot be calculated as of today. This uncertainty is slowing trade by preventing price formation at both ends of the supply chain, while also creating a serious risk of raw material shortages. The sector argues that the problems stem not only from implementation, but also from a significant imbalance in the design of the mechanism. While European foundries

CBAM is increasing production risk in the Italian casting sector

ArcelorMittal has confirmed a EUR 1.3 billion electric arc furnace investment in Dunkirk

According to the company, the EUR 1.3 billion investment is considered a major milestone in ArcelorMittal’s decarbonisation process for its steel production in France. On the day the investment decision was announced, ArcelorMittal hosted French President Emmanuel Macron at the Dunkirk facility. The visit was also attended by Roland Lescure, Minister for the Economy, Finance and Industrial and Digital Sovereignty, and Sébastien Martin, Deputy Minister for Industry. President Macron was welcomed by Reiner Blaschek, CEO of ArcelorMittal Europe – Flat Products; Anne van Ysendyck, Head of Government Affairs and Environment; Alain Le Grix de la Salle, President of ArcelorMittal France; and Bruno Ribo, CEO of ArcelorMittal France. The electric arc furnace, with an annual capacity of 2 million tonnes, is scheduled to be commissioned in 2029. The facility will use a mix of scrap, HBI/DRI, and hot metal, enabling production with approximately three times lower CO₂ emissions compared to blast fu

ArcelorMittal has confirmed a EUR 1.3 billion electric arc furnace investment in Dunkirk

India Targets Middle East, Asia to Boost Steel Exports

India is stepping up efforts to expand its steel exports by targeting the Middle East and Asia, aiming to reduce reliance on Europe and tap into new, high-potential markets. The government is actively engaging with countries across these regions to establish trade frameworks that support smoother alloy dispatches and long-term export partnerships. The move comes amid shifting global trade dynamics and rising infrastructure demand in emerging economies. With construction booms in the Gulf and increased manufacturing in Asia, Indian steelmakers see significant growth opportunities outside their traditional export zones. By diversifying its export footprint, India hopes to stabilize steel trade volumes, strengthen its presence in high-demand regions, and reduce exposure to regional market volatility or regulatory disruptions. The focus on new markets also aligns with the country's broader strategy to position itself as a global manufacturing and supply hub. Industry leaders expect these e

India Targets Middle East, Asia to Boost Steel Exports

China's stainless output climbs in Jan, Feb's set for sharp slump

Posted on 10 Feb 2026 China's stainless steel production rose in January as mills ramped up operations to capitalize on firm prices and healthy margins, Mysteel's latest survey results show. The country churned out 3.54 million tonnes of crude stainless steel last month, representing a significant increase of 275,900 tonnes or 8.5% from last December, and a jump of 28.9% compared to January 2025, according to the results of Mysteel's most recent survey among the 43 stainless producers it regularly tracks nationwide. The monthly increase was primarily driven by significantly improved mill profitability, Mysteel Global noted. A vigorous stainless price rally in January significantly expanded margins, encouraging mills to maintain high operating rates. At end-January, Mysteel assessed the spot price of 304/2B Hongwang 2*1240mm stainless cold-rolled coil (CRC) in Wuxi, East China, at Yuan 14,400/t ($2,075/t) in-warehouse and including the 13% VAT, higher by a significant Yuan 1,250/t from

China's stainless output climbs in Jan, Feb's set for sharp slump

SEAISI News

10 February 2026

Loading related news…