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
Ezz Steel, Egypt's leading steel producer, reported a profit in the first half of 2024, according to its financial statement. The company achieved a profit of EGP 2.27 bln (USD 46.9 mln), reversing a loss of EGP 810 mln…
Borusan Pipe, a Turkish manufacturer, has inaugurated a EUR 15 mln (USD 16.6 mln) service center near Ploiesti, southern Romania. The facility, which received a state grant of EUR 5.83 mln (USD 6.48 mln), is expected to…
Demand for rebar and wire rod is projected to reach 7.5 mln tons in 2024, according to Jassem Abbas, Vice Chairman of the National Committee for Steel Industry (NSCI) and General Manager of Sales, Marketing, and…
Iran's production of semi-finished steel has declined in the first five months of Iranian fiscal year, primarily due to widespread electricity cuts this summer, according to industry sources. The Iranian Steel Producers…
Dubai Municipality expects to award the first package of its USD 6.8 bln strategic sewerage tunnels mega project by the end of 2025, a top municipality official said. "We have completed the feasibility study of the…
Turkey's CRC imports totaled 423,000 tons in the first seven months of this year, a 16pct decrease compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). In Jan-Jul 2024…
Canada has issued a final determination on the dumping of Egyptian wire rod, according to a notice from the Canada Border Services Agency (CBSA). The CBSA also confirmed final antidumping margins on wire rod imports…
The Competition Commission of Pakistan (CCP) has issued show cause notices to 10 steel structure suppliers for alleged collusive bidding in procurement tenders by various Distribution Companies (DISCOs). The companies…
Dubai-based Meraas announced that it awarded a construction contract worth USD 231 mln contract for Bvlgari Lighthouse project, located on Jumeira Bay Island, Dubai. The main contract for the 27-storey luxury…
Lamar Holding and Asyad Group, the primary developers of the Haradh and Wudaihi staff housing complexes for Aramco staff, have awarded of the engineering, procurement, and construction (EPC) contract of the project to…
Turkey's scrap import prices remained stable this week as buyers evaluated the market in light of cheaper billet offers from China. Scrap prices were assessed at USD 370 per ton CFR, unchanged from the previous week…
Turkey's HRC exports reached 1.4 mln tons in the first seven months of this year, marking a significant 145pct increase compared to the same period last year, according to data from the Turkish Statistical Institute…
Turkish steel producer Kardemir has secured a new rail export order, according to a stock exchange filing. The company signed a contract worth USD 17.64 mln to supply rails to Azerbaijan, with delivery scheduled in…
Innovo has been awarded the contract for Emaar Misr for Development's project "The Peak" in Uptown Cairo, Egypt. The project, valued at over USD 51 mln, includes the construction of 139 villas over 170,000 sqm, along…
Turkey's semi-finished steel imports (billet and bloom) reached approximately 261,250 tons in July, reflecting a 7.8pct YoY decline. However, imports surged by 59pct compared to the previous month. In the first seven…
Turkish steel manufacturer Cemtas Celik reported a net profit of TRY 26 mln (USD 764,456) in H1 2024, a significant drop from TRY 95.4 mln in the same period last year, according to its financial statement. During this…
Eversendai has secured the steel subcontract for the Qiddiya racetrack project in Riyadh, Saudi Arabia. The Speed Park Track, located near central Riyadh, is set to host major international motorsport championships, the…
The Public Authority for Housing Welfare (PAHW) has signed a contract for the construction, completion, and maintenance of road works and infrastructure service networks for 6,568 housing units in South Sabah Al-Ahmad…
Turkish steel producer Kardemir has lowered its billet prices, as per the latest price list. The company's S235JR grade billets are now offered at USD 530 per ton EXW, and B420 grade billets at USD 545 per ton EXW…
Turkey's wire rod exports reached approximately 572,000 tons in the first seven months of 2024, marking a significant 98pct increase compared to the same period last year, according to the Turkish Statistical Institute…
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