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
Indian engineering and construction giant Larsen & Toubro (L&T) announced that its power transmission & distribution (PT&D) business has won new mega projects in two GCC countries. While the exact value of the deals was…
Crude steel production in the Middle East rose by 3pct YoY to 35.5 mln tons during the first eight months of 2024, according to the World Steel Association. However, in August 2024, the region saw a 3.2pct YoY decline…
UAE's leading steel producer, EMSTEEL (formerly Emirates Steel Arkan), has expressed interest in acquiring the mills of Spanish steelmaker Celsa located in Poland, the UK, and Norway, which have a combined value of…
Pakistani long steel producer Amreli Steels announced plans to temporarily suspend operations at its Karachi plant due to significant economic challenges, according to a stock exchange filing. The company's board of…
Elsewedy Electric, in partnership with Siemens, is establishing an USD 800 mln power plant in Rabigh, Saudi Arabia, according to an official from Elsewedy Electric speaking to Al Arabiya Business. Currently, the project…
UAE's EMSTEEL, formerly known as Emirates Steel Arkan, has maintained its rebar prices for October production. The company's rebar prices remain unchanged at AED 2,447.25 (USD 666) per ton CPT Abu Dhabi and AED 2,456.25…
Turkey exported approximately 1.17 mln tons of welded steel pipes in the first seven months of this year, marking an 11pct increase compared to the same period last year, according to the Turkish Statistical Institute…
Chinese home appliances giant Haier Group laid the foundation stone for the second phase of its Haier eco-friendly complex located in 10th of Ramadan City, Egypt. Spanning an additional 50,000 square metres, the second…
Jubail Island Investment Company (JIIC) has awarded a USD 109 mln construction contract to Bright Accord General Contracting Company for the Jubail Town Centre in Souk Al Jubail, the commercial and retail hub of Jubail…
Turkey's scrap import prices declined this week as Turkish steel mills booked several European-origin scrap cargoes at lower prices. Scrap import prices were assessed at USD 360-365 per ton CFR, down from USD 370 per…
Tosyali Holding's Toscelik has supplied pipes for the first phase of the Juranah Independent Strategic Water Reservoir (Juranah ISWR-1) project, which is being constructed by Mapa Group, the company announced in a press…
Mughal Steel, a Pakistani steel producer, announced that its board of directors has approved the balancing, modernization, and replacement (BMR) of the existing steel bar re-rolling mill, according to a stock exchange…
The UAE and Australia have finalized negotiations for a Comprehensive Economic Partnership Agreement (CEPA) aimed at enhancing trade and investment ties. The UAE is Australia's largest trade partner in the Middle East…
Turkish steel producer Kardemir has raised its rebar and wire rod prices in the latest sales round, according to the company's updated price list. Rebar in sizes ranging from 12 to 32 mm is now offered at TRY 20,460…
Steelmakers in the Middle East and North Africa (MENA) are poised to lead the global shift to green iron and steel production, according to the Institute of Energy Economics and Financial Analysis (IEEFA). Advances in…
The Pakistani government is exploring a proposal to establish a new steel mill in Karachi in cooperation with Russia, following an agreement to form working groups to advance the project. During a meeting with Aleksei…
The Ministry of Transport, Communications, and Information Technology (MTCI) has signed an agreement for the Al Mughsail Road Bridge project in Salalah. The OMR 9 mln (USD 23.3 mln) project aims to enhance traffic flow…
Turkish steel manufacturer Kocaer Celik reported a significant 77pct YoY drop in net profit for the first half of 2024. In a stock exchange filing, the company disclosed a net profit of TRY 145.23 mln (USD 4.26 mln)…
Turkey imported approximately 118,100 tons of pig iron in July 2024, a 16pct YoY decrease but a 37pct increase compared to the previous month, according to data from the Turkish Statistical Institute (TUIK). In the…
Nine Yards Real Estate Development, a subsidiary of EIH Ethmar International Holding, has selected Zublin Construction as the main contractor for the Sea La Vie project on Yas Island, Abu Dhabi. Located in Yas Bay on…
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