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
The Turkish Ministry of Environment and Urbanization has initiated the environmental impact assessment (EIA) process for YC Inox TR Celik, a Turkish subsidiary of Taiwan's YC Inox, as part of its stainless steel pipe…
ACWA Power will develop a 410,000 cubic metre per day independent water plant (IWP) at Hamriyah, Sharjah, at the cost of USD 693 mln. The contract includes development, design, financing, engineering, procurement…
Turkey's crude steel production increased by nearly 15pct YoY, reaching 21.7 mln tons in the first seven months of 2024, according to the Turkish Steel Producers' Association (TCUD). In July 2024, crude steel production…
Turkish pipe producer Borusan Boru announced that its US subsidiary, Borusan Berg Pipe, has signed a pipe supply agreement with Blackcomb Supply Co, LLC, a WhiteWater affiliate, for the Blackcomb Mainline natural gas…
The Saudi Exchange (Tadawul) announced its rejection of Watani Iron Steel's (Watani Steel) request to transfer from the Nomu-parallel market to the main market. According to Tadawul, the decision was made because the…
Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care) has awarded two construction-related contracts valued at about USD 23 mln for two projects in Saudi Arabia. Advanced Horizons Construction Company (AHC), a…
Morocco's leading flat steel producer, Maghreb Steel, reported a 5pct YoY revenue growth in H1 2024, driven by increased domestic and export sales. The company's sales revenue reached MHD 2.55 bln (USD 260 mln) in the…
Emirates Steel Arkan, a leading steel and building materials manufacturer, has appointed Mark J.S. Tonkens as its new Group Chief Financial Officer (GCFO), effective 2nd September 2024. Mark previously served as CFO at…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) announced in a stock exchange filing the renewal of a Shariah-compliant bank facility agreement worth SAR 25 mln (USD 6.65 mln) with Alinma Bank. The funding, secured…
Saudi Real Estate Infrastructure Company (Binyah), a subsidiary of Tadawul-listed Saudi Real Estate Co. (Al-Akaria), has secured a significant contract to construct a Treated Effluent Sewage (TSE) network as part of the…
Belgian infrastructure major Besix has joined hands with Saudi-based AlBawani to break ground on the stadium project of Saudi oil giant Aramco. Designed to accommodate 47,000 spectators, the Aramco Stadium will be…
Turkey's scrap import prices strengthened this week, driven by improved market sentiment in the finished steel sector. Scrap import prices were assessed at USD 360-365 per ton CFR, up from USD 355-360 per ton CFR last…
In July 2024, Pakistan's scrap imports rose by 15.6pct YoY, as reported by the Pakistan Bureau of Statistics. The country imported 210,786 tons of scrap that month, compared to 182,340 tons in July 2023. For the first…
In July 2024, Pakistan's finished steel imports increased by 19.5pct YoY, according to the Pakistan Bureau of Statistics. The country imported 240,779 tons of finished steel that month, up from 201,457 tons in July…
The Ceer Manufacturing Complex (CMC) in King Abdullah Economic City, Jeddah, has reached a significant milestone with the recent installation of the first steel frame for Saudi Arabia's first electric vehicle (EV)…
Turkish steel manufacturer Karabuk Demir Celik (Kardemir) reported an increase in losses for the first half of 2024, according to the company's financial statement. Kardemir's net loss reached TRY 1.829 bln (USD 53.6…
Turkish Ministry of Environment and Urbanization has initiated the environmental impact assessment (EIA) process for Turkish steelmaker Tosyali Demir Celik's solar power plant project in Toprakkale, Osmaniye, southern…
Pakistan's Agha Steel Industries Limited has announced that it has received a notice of Public Announcement of Intention from Fauji Foundation, which has expressed its interest in acquiring shares and control of the…
UAE-based Apex Engineering Industries is set to construct a USD 24.50 mln engineering research and development (R&D) and manufacturing facility in the KEZAD economic zone in Abu Dhabi. The 40,000 sqm plant, located in…
UAE's Emirates Steel Arkan has raised rebar prices for its September production. The company's new rebar prices are set at AED 2,447.25 (USD 666) per ton CPT Abu Dhabi and AED 2,456.25 (USD 669) per ton CPT Dubai…
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