Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
2,438 news items in ME Steel News. Show all
Turkey's crude steel production surged by 14.8pct YoY, reaching 24.8 mln tons in the first eight months of 2024, according to data from the Turkish Steel Producers' Association (TCUD). In August 2024 alone, production…
Turkish steel company Kocaer Celik recently reported securing significant orders worth USD 92.8 mln over the past 43 days. The orders mainly consist of value-added steel profiles from markets including the Middle East…
Egypt's iron and steel exports fell by 19pct YoY in January to July 2024, totaling USD 1.17 bln, down from USD 1.43 bln during the same period last year. According to a report from the Export Council for Building…
Retal Urban Development Company has announced in a stock exchange filing that it has signed a contract with Building Construction Company to build 263 residential units in Riyadh. Building Construction Company…
Pakistan's Agha Steel Industries Limited reported a loss of PKR 5 bln (USD 18.3 mln) for the fiscal year ending June 30, 2024, marking a sharp reversal from the PKR 980 mln profit recorded in the previous fiscal year…
Australia has announced the initiation of an antidumping investigation into imports of certain rebar from Turkey, alongside products from Indonesia, Malaysia, and Vietnam, according to a notice from the Australian…
Combined Group Contracting Company has won a road development project in Kuwait with a value of around USD 69 mln. In a Kuwait bourse statement, the company said it had submitted the lowest bid for the project, which…
Real estate developer AMIS has awarded the main construction contract for its USD 115 mln Woodland Residences project to Dar Al Aayan Contracting. The Woodland Residences will feature a complex of 30 five-bedroom…
Turkey's scrap import prices held steady this week as Turkish steel mills booked several cargoes to replenish inventory. Scrap import prices were assessed at USD 360-365 per ton CFR. In the finished steel segment…
Kardemir, one of Turkey's major steel producers, has announced updated prices for its steel sections. The company is now offering IPE-NPU sections at USD 680-885 per ton EXW for sizes ranging from 180-600 mm, compared…
Turkey-based Ussuri Capital Partners (UPC), led by Ukrainian CEO and co-founder Roman Kurashev, has announced the launch of its first financing round, aiming to raise EUR 60 mln (USD 67 mln) for the initial phase of a…
Abu Dhabi Ports Company (AD Ports) has issued a request for Expression of Interest for the development of marine and landside infrastructure at Delma Port, Jabal Dhanna Ferry Terminal, and Al Sila Port. The project…
Dubai-based Peak Summit Development has announced that it has broken ground on its key residential project, Tower C, within The Orchard Place, a community development in the heart of Jumeirah Village Circle (JVC)…
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70…
Turkish steel producer Kardemir has launched a new round of billet sales, according to its latest price list. The company maintained the price of S235JR grade billets at USD 530 per ton EXW, while raising the price of…
Lamprell Energy Limited has secured two significant contracts from RWE, a global leader in offshore wind, for the supply of transition pieces for the Norfolk Vanguard West and Norfolk Vanguard East offshore wind…
Nakheel, part of Dubai Holding Real Estate, has awarded a USD 490 mln contract to local firm ALEC Engineering & Contracting for the construction of the Como Residences tower on Palm Jumeirah. The 75-storey residential…
Turkish steelmaker Kardemir has announced its sales allocation plan for October to December 2024. The company has reduced allocations for billets, wire rods, and profiles compared to the previous quarter, while keeping…
Conares, the second-largest private steel manufacturer in the UAE, has partnered with Interstar Education Services and Al Saraya Engineering Consultants to develop Victory Heights Primary School in Dubai's City of…
Aramco has signed a five-year Cooperation Framework Agreement (CFA) with China National Building Material Group Co., Ltd. (CNBM) to explore opportunities in advanced materials and industrial development. The…
“Premium Content” marks a news item that needs a subscription to read in full.
