Metal Products

Magnitogorsk Iron & Steel Works PJSC Sponsored GDR Reg S

CBUMY

EMSTEEL reported Q1 2026 revenue of AED2.2 billion, consistent with the previous year. EBITDA rose 82% YoY to AED483 million, with a margin increase to 22.3%. Net profit surged 246% YoY to AED299 million. The steel division generated AED1.90 billion in revenue, while the cement division saw a 31% revenue increase to AED269 million. Total steel sales volumes declined by 6% YoY, but cement sales rose by 32%. CEO Saeed Ghumran Al Remeithi highlighted strong performance and adaptability to market changes, emphasizing resilience and operational efficiency.

Zawya

CHINA NATIONAL BUILDING MATERIAL CO UNSP ADR EACH REPR 50 ORD

EMSTEEL delivers $599mln in revenue for Q1 2026

SUPL

PICK

Essar Group's Mesabi Metallics has secured a $520 million senior secured credit facility from Breakwall Capital LP to support its $2.5 billion iron ore mine and pellet plant in Minnesota. The project aims to enhance the US steel supply chain and has already attracted over $2 billion in equity investment from Essar. It is expected to create hundreds of jobs and has received backing from the US Export-Import Bank, highlighting its significance for American manufacturing and supply chain security.

Business Standard

Mesabi Trust

Invesco DB TR Base Metals ETF

SPDR S&P Mtls & Mng

Proshares Supply Chain Logistics ETF

ISHRS MSCI Glb Slct Met & Mining

Essar's Mesabi Metallics secures $520 million funding from Breakwall

Madhur Iron & Steel has filed for an IPO to raise funds for working capital, capital expenditure, and debt repayment. The IPO includes a fresh issue of 1 crore equity shares, with no offer-for-sale component. The company plans to allocate Rs 11.9 crore for debt repayment, Rs 75.8 crore for a new manufacturing unit, and Rs 35.3 crore for working capital. With a current borrowing of Rs 114.2 crore, Madhur Iron aims to expand its production capacity significantly. The company reported a profit of Rs 18.1 crore on revenue of Rs 339.6 crore for fiscal 2025.

Money Control

Madhur Iron & Steel files IPO papers to raise funds for repaying debt, capex, working capital

Magnitogorsk Iron & Steel Works PJSC Sponsored GDR Reg S(MMK.UK)

EMSTEEL delivers $599mln in revenue for Q1 2026

Essar's Mesabi Metallics secures $520 million funding from Breakwall

Madhur Iron & Steel files IPO papers to raise funds for repaying debt, capex, working capital