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
Turkey's scrap import prices remained steady at USD 390 per ton CFR this week due to limited buying activity. This stagnation is attributed to lower billet import offers and weak demand for Turkish finished steel in the…
UAE's Emirates Steel Arkan saw a significant drop in profits during the first half of 2024 due to tough conditions in both export and domestic markets. The company's net profit for Q1 2024 fell to AED 174.4 mln (USD…
Minister of Industry and Mineral Resources Bandar Al-Khorayef, accompanied by Deputy Minister Eng. Khaled Al-Mudaifer and other industry leaders, visited Vale's Carajas mines in Brazil's Amazon. The visit included an…
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed nine substantial contracts with the private sector worth over USD 266 mln as part of its efforts to significantly boost the development…
Turkey has officially ratified the free trade agreement with Ukraine, as announced in the country's official gazette. Signed on February 3, 2022, the agreement received final approval from President Recep Tayyip Erdogan…
Turkish steel producer Kardemir has lowered rebar prices in its latest sales round, as per its new price list. The company is now offering rebar in sizes from 12 to 32 mm at TRY 19,500 (USD 588) per ton, down from TRY…
Saudi Steel Pipe Co. (SSP) reported a substantial increase in net profit, reaching SAR 147.9 mln (USD 39.3 mln) in H1 2024, a 58pct rise YoY. This growth was driven by higher sales revenues and volumes, including…
Aramco has announced the start of construction on the Aramco Stadium in Al Khobar, which will have a seating capacity of around 47,000. Scheduled for completion by 2026, the stadium will serve as the home ground for…
Damac Properties has signed a contract with Modern Building Contracting Co (MBCC) to develop a 52-storey tower project in Dubai Maritime City. MBCC will handle the main construction package, including the tower and…
Turkish steel manufacturer Kardemir has lowered its wire rod prices in the latest sales update. The company is now offering 5.5 mm SAE 1006 grade wire rod at USD 615 per ton EXW, a decrease of USD 10 per ton from the…
In June 2024, Pakistan's scrap imports fell by 6.65pct YoY, according to the Pakistan Bureau of Statistics. The country imported 216,809 tons of scrap that month, down from 232,245 tons in June 2023. This marks the…
In June 2024, Pakistan's finished steel imports rose by 20.3pct YoY, as reported by the Pakistan Bureau of Statistics. The country imported 260,358 tons of finished steel that month, up from 216,409 tons in June 2023…
Oman-based Galfar Engineering & Contracting said it has secured a contract worth USD 91 mln from Nama Dhofar Services Company for the expansion of the third phase of Raysut water reclamation plant in the Dhofar…
Saudi Iron and Steel Company (Hadeed) has set its prices for rebar and wire rod for August production. The company is offering rebar (12-32 mm) at SAR 2,410 (USD 642) per ton, unchanged from the previous month. In…
Egypt's steel rebar production surged 37pct YoY to 4.15 mln tons in the first half of 2024. This growth was supported by the availability of USD and increased exports, according to official data. Rebar consumption in…
The Royal Commission for Riyadh City and the Ministry of Sport have unveiled the designs and plans for the King Salman Stadium, set to become one of the world's largest sports arenas. The facility will feature a seating…
The UAE and Chile have signed a Comprehensive Economic Partnership Agreement (CEPA) to enhance non-oil bilateral trade by removing trade barriers and simplifying customs procedures. The CEPA aims to increase non-oil…
Turkish steel producer Borcelik, a joint venture between ArcelorMittal and Borusan Holding, has chosen Danieli technology for its new cold-mill complex in Gemlik, Bursa, Turkey. The new pickling line coupled with a cold…
Canada has extended the preliminary phase of its antidumping duty investigation into rebar imports from the United Arab Emirates, Bulgaria, and Thailand. Originally expected to conclude by May 3, the investigation now…
Dubai's Roads and Transport Authority (RTA), in coordination with UAE mall and leisure projects developer Majid Al Futtaim Group, has awarded a USD 45 mln contract for widening and improving the entrances to Mall of the…
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