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
A partnership between the Saudi unit of Egypt's Hassan Allam Construction Saudi, Riyadh-based El Seif Engineering Contracting and China Harbour Engineering Arabia has won a construction contract for the Port of Neom in…
Turkey's scrap import prices held steady this week at USD 390 per ton CFR, as Turkish mills shifted their attention on finished steel sales. Scrap buying activity was sluggish due to weak demand for finished steel and…
Chinese steelmaker Baoshan Iron and Steel Company (Baosteel) will more than double its investment in a steel plate joint venture with Saudi partners Aramco and the Public Investment Fund (PIF). Baosteel will invest USD…
Saudi Arabia will begin shipbuilding operations this year, Suliman Almazroua, CEO of the National Industrial Development and Logistics Program (NIDLP), said. This initiative, centered in Ras Al-Khair in eastern Saudi…
A European-Turkish consortium comprising France's Systra, SNCF and Alstom, Spain's Talgo and SENER and Turkish contractors, backed by Germany's Deutsche Bank, have been awarded the Baghdad Metro project, a statement…
Turkish steel manufacturer Kardemir has opened a new round of billet sales, as indicated in its latest price list. The company is offering S235JR grade billets at USD 540 per ton EXW and B420 grade billets at USD 555…
Tosyali Algerie has signed a memorandum of understanding with Algeria's state-owned oil company, Sonatrach, to jointly conduct a feasibility study for producing green hydrogen from renewable energies in Algeria. The…
Turkey's statistical authority, TUIK, reported a decrease in the construction sector confidence index for July 2024. The index fell by 0.9pct to 87.1 compared to the previous month. In addition, the retail trade sector…
Kuwait's Public Authority for Housing Welfare (PAHW) has announced the awarding of the tender for the construction of road works and infrastructure networks covering a total of 6,568 housing units across four…
Turkish steel producer Kardemir has launched a new round of rebar sales while keeping prices stable, according to its latest price list. The company is offering rebar in sizes ranging from 12 to 32 mm at TRY 19,550 (USD…
Turkey's imports of stainless steel flat products increased slightly by 1pct YoY in the first five months of 2024, according to data from the Turkish Statistical Institute (TUIK). In Jan-May 2024, Turkey imported…
Saudi-based Ladun Investment Company said one of its key subsidiaries, Built Industrial Company has been awarded a USD 167 mln contract by the Ministry of Municipalities and Housing for the expansion of the ministry's…
UAE's Emirates Steel Arkan has maintained rebar prices for its August production. The company will continue offering rebar (10-40 mm) at AED 2,369 (USD 645) per ton EXW, AED 2,377 (USD 647) per ton CPT Abu Dhabi, and…
Crude steel production in the Middle East increased by 5.8pct YoY to 28.5 mln tons in the first half of 2024, according to data from the World Steel Association. However, the region experienced a 2.7pct YoY decline in…
Adnoc Logistics and Services plc (ADNOC L&S) announced that its joint venture with Wanhua Chemical Group, AW Shipping, has awarded shipbuilding contracts worth approximately USD 1.9 bln to Jiangnan Shipyard in China…
MMK Metalurji, a Turkish steel producer, reported substantial growth in steel output in the first half of 2024, according to its operational results. The company's crude steel production surged to 274,000 tons, compared…
Turkey's iron ore imports reached approximately 879,000 tons in May 2024, marking a 42.6pct YoY increase but a 17.7pct decrease compared to the previous month, according to the Turkish Statistical Institute (TUIK). From…
Alandalus Property has started work on a major commercial development in Makkah being developed at a total investment of USD 221 mln in the Umm Jurfan neighbourhood of the Saudi city. On completion, the project will…
Turkey's scrap import prices remained unchanged this week in a quiet market. Turkish mills postponed buying activity due to a slowdown in demand in the finished steel segment. Scrap import prices in Turkey are assessed…
Qatar Steel, the leading steel-making company in Qatar, has signed a 5-year agreement with Qatar Navigation Q.P.S.C. (Milaha), the industry-leading provider of maritime and logistics solutions, to provide stevedore…
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