Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,438 news items in ME Steel News. Show all
During the 17th Arab Steel Summit and International Iron and Steel Exhibition in Qatar, Minister of State for Energy Affairs Saad Sherida Al Kaabi emphasized the need to position the Arab iron and steel industry on the…
Real estate developer Dar Global has announced that Stromek Emirates Foundations, a prominent engineering and construction firm, has secured the contract for shoring, excavation, and piling works for its The Astera…
The latest short-range outlook by the World Steel Association forecasts a growth in steel demand in the MENA region for 2024, following a significant slowdown during 2022-2023. Growth is expected to reach 5.3pct to 71.3…
Garawany Group's subsidiary, International Steel Industry, plans to invest EGP 5.5 bln (USD 113 mln) to upgrade and expand state-owned Delta Steel under a nine-year lease, CEO Ahmed El Garawany said. The expansion aims…
In August 2024, Turkey's HR steel exports reached approximately 229,000 tons, marking a significant YoY increase of 90pct, although this represents a 32pct decline from the previous month, according to data from the…
Turkey's scrap import prices surged this week as Turkish steel mills continued to secure more cargoes to replenish inventories, driven by improved steel demand. Scrap prices rose to USD 385-390 per ton CFR, up from USD…
Turkey's Ministry of Commerce has imposed definitive anti-dumping duties on HRC imports, both alloyed and non-alloyed, from China, India, Japan, and Russia, according to an official gazette notification. The…
Turkey imported around 1.86 mln tons of semi-finished steel in the first eight months of this year, a 25pct decrease compared to the same period last year, according to the Turkish Statistical Institute (TUIK). Russia…
Adnoc Logistics and Services plc announced that AW Shipping, its joint venture with Wanhua Chemical Group, has awarded USD 250 mln in contracts to China's Jiangnan Shipyard for two additional Very Large Ammonia Carriers…
Turkish steel producer Kardemir has raised its billet prices by USD 20 per ton, according to the latest price list. The new price for S235JR grade billets is USD 550 per ton EXW, while B420 grade billets are priced at…
Industries Qatar (IQ) announced that its steel segment associate, Foulath Holding, has received a non-binding offer for the acquisition of 100pct of its share capital, according to a stock exchange filing. Foulath…
Algerian President Abdelmadjid Tebboune has called for the fast-tracking of three major mining projects to diversify the country's economy beyond oil and gas. During a Cabinet meeting, Tebboune emphasized the urgent…
UAE's NMDC Group has announced the securing of a USD 1.37 bln contract from Modon Company for a project in Abu Dhabi, as reported in a stock exchange filing. The contract includes dredging, reclamation, and ground…
Turkish steel producer Kardemir has announced updated rebar and wire rod prices in its latest price list. The company is now offering rebar (12-32 mm) at TRY 22,000 (USD 642) per ton, up from TRY 21,500 (USD 628) per…
Turkey's HRC imports approximately 2.44 mln tons in the first eight months of this year, a decline of nearly 20pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). China was…
International real estate developer DarGlobal has appointed China Tiesiju Civil Engineering Group Co. Ltd as the main contractor for the construction of its residential project DG1 in Business Bay, Dubai. The USD 55 mln…
Oman's Ministry of Housing and Urban Planning has signed contracts worth USD 590 mln for the infrastructure development of Phase I of Oman's mega Sultan Haitham City project. Spanning an area of 5 mln sq m, Phase One of…
Ezz Steel, a leading Egyptian steel producer, has lowered its rebar prices for the domestic market. The company is now offering rebar at EGP 38,200 (USD 789) per ton, down from the previous price of EGP 40,700 (USD 862)…
Turkey's wire rod exports reached approximately 610,000 tons in the first eight months of this year, representing a significant increase of nearly 68pct YoY, according to the Turkish Statistical Institute (TUIK)…
Crescent Steel and Allied Products Limited has announced that it has secured a contract from Sui Northern Gas Company Limited (SNGPL), according to a filing with the Pakistan Stock Exchange (PSX). SNGPL has awarded…
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