[SMM Iron & Steel] Turkey’s Steel Production Grows 3.3% to 38.1 Million Tonnes in 2025

Despite Revenue Dip Swedish steelmaker SSAB reported its full-year 2025 results on January 29, 2026, revealing a 6.9% decline in revenue to SEK 96.22 billion amid weaker market prices. However, operational performance remained resilient, with crude steel output rising 2.5% to 7.53 million tons and shipments increasing 3.7% to 6.36 million tons. The company forecasts improved shipments for Q1 2026, supported by seasonally stronger demand in Europe and its Special Steels division

Negotiators from the European Union and India have proposed a zero-tariff arrangement for iron and steel products as part of their ongoing free trade talks. If finalized, this deal would remove significant trade barriers, potentially boosting Indian steel exports to Europe while allowing EU specialized steels easier access to the growing Indian market. The proposal aligns with broader discussions on streamlining business visas, aiming to deepen the strategic industrial partnership between the two regions.

Yieh Hsing Enterprise announced on January 30, 2026, that it will raise its wire rod prices for February deliveries due to soaring raw material costs. Prices for 300-series stainless steel wire rods will increase by NT$7,500 per tonne, while carbon steel wire rods will see a hike of NT$500 per tonne. The company cited a sharp climb in global production costs and an uptrend in international market prices as the primary drivers for this adjustment