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
Ladun Investment Company's subsidiary, Built Industrial Company, has won a project to develop a mixed-use project, The Point, in Abha, Aseer Province, at the cost of USD 172 mln. The contract was awarded by the Real…
The Luxe Developers, a UAE-based real estate development firm, has appointed China State Construction Engineering Corporation as the main contractor for the company's USD 408 mln Oceano development located on Al Marjan…
In August 2024, Turkey's rebar exports amounted to approximately 305,000 tons, reflecting a month-on-month decline of over 8pct and a YoY decrease of nearly 18pct, according to data from the Turkish Statistical…
The UAE has issued updated regulatory guidelines for steel bars used in concrete reinforcement (rebar), aligning with international standards such as BS 4449:2005, ASTM 615/615M, ASTM 706, and ISO 6935-1, according to a…
The European Commission has approved, under the EU Merger Regulation, the joint control acquisition of TBX NewCo Spain S.L.U. (Spain) and TBX Upstream Seamless Pipes L.L.C. (UAE) by Spain's Tubacex S.A. and the Mubadala…
China's Jereh Oil & Gas Engineering Co., Ltd., a wholly-owned subsidiary of Jereh Group, signed a significant contract with Bapco (Bahrain Petroleum Company) Upstream for the engineering, procurement, construction, and…
Turkey's scrap import prices surged this week, driven by improved market sentiment and a positive outlook following the rise in Chinese steel prices. Scrap prices were assessed at USD 380-385 per ton CFR, up from USD…
Turkish pipe manufacturer Erciyas Celik Boru announced that its subsidiary, Erciyas Tech Ventures Technology Investments Inc., in which it holds a 55pct stake, has partnered with Cimtas Advanced Technology Solutions…
The board of directors of Crescent Steel & Allied Products Limited has approved, pending finalization of terms and conditions and the signing of an agreement, the sale of the plant, machinery, and pre-engineered…
Riyadh Steel Company has established a strategic planning committee, following a decision by its board of directors, the company announced in a stock exchange filing. The committee's primary focus will be to identify…
Turkey's scrap imports rose by 4pct YoY in the first eight months of 2024, according to data from the Turkish Statistical Institute (TUIK). From January to August 2024, Turkey imported approximately 13.5 mln tons of…
The US Department of Commerce has concluded its administrative review of the antidumping order on circular welded carbon-quality steel pipe from Oman and determined that Al Jazeera Steel Products, the sole producer…
The Pakistan Credit Rating Agency Limited (PACRA) has downgraded Amreli Steels Limited's entity ratings from "BBB" to "BB" for long-term and "A3" for short-term, with a negative outlook. PACRA highlighted the severe…
Morocco has awarded civil works contracts for the construction of Kenitra-Marrakech high-speed line to local and Chinese companies, local Arabic language online news portal Akhbarona said. The project involves the…
Turkish steel producer Kardemir has increased its rebar prices in the latest sales round, according to the company's updated price list. Market insiders noted that the company sold significant volumes and closed sales…
Pakistan's scrap imports saw a slight decrease of 0.36pct YoY in August 2024, according to the Pakistan Bureau of Statistics. The country imported 211,700 tons of scrap that month, down from 212,455 tons in August 2023…
Pakistan experienced a 28.5pct YoY decline in finished steel imports in August 2024, as reported by the Pakistan Bureau of Statistics. In August, the country imported 166,516 tons of finished steel, a decrease from…
Khalifa Economic Zones Abu Dhabi (KEZAD) Group and Azizi Developments have signed a 50-year land lease agreement to establish 12 cutting-edge factories in KEZAD A (KEZAD Al Ma'mourah), supporting the region's growing…
Watani Iron and Steel Company (Watani Steel) has announced that its board of directors has accepted the resignation of Yasser Zoman Saad Al-Zoman from both the board and his position as Chairman of the audit committee…
Jeddah Economic Company (JEC) will resume construction of the world's tallest tower in the Red Sea port city of Jeddah in Saudi Arabia, according to a bourse statement. The Saudi-listed Kingdom Holding Company (KHC)…
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