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
Pakistan's Large-Scale Manufacturing (LSM) sector witnessed a 7.33pct YoY growth in May, marking its sixth consecutive monthly increase, according to the Pakistan Bureau of Statistics. The LSM sector also grew by…
Saudi state-backed National Housing Company (NHC) has signed an agreement with China State Construction Engineering Corporation (CSCEC) to build 20,000 housing units in suburbs and communities across the kingdom. The…
Turkish steel manufacturer Kardemir has opened a new round of billet sales at higher prices, according to its latest price list. The company is offering S235JR grade billets at USD 540 per ton EXW and B420 grade billets…
Turkey's Tosyali Holdings has signed an agreement with the Libya United Steel Company for the Iron and Steel Industry (Sulb) to establish a Direct Reduced Iron (DRI) plant in Benghazi, Libya, according to a company…
UAE-based Azizi Developments has signed an agreement with International Foundation Group, a specialist in deep foundation and ground solutions, to provide piling, shoring, excavation, and dewatering works for its key…
Emirates Steel, part of Emirates Steel Arkan Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a partnership with Eversendai, a global leader in steel…
Al Ezz Dekheila Steel Co., the largest steel manufacturing facility in Egypt, has selected MORE to provide pneumatic lime injection technology for its 160-ton electric arc furnace. The new lime pneumatic injection…
GE Vernova announced that its local JV GE Algeria Turbines (GEAT) has secured a major order from Sonelgaz (Algerian Electricity and Gas Company) to supply grid equipment and solutions. GE Vernova will supply GEAT with…
Turkey's semi-finished steel imports dropped by 43.7pct month-on-month and plunged by 50pct YoY to approximately 155,000 tons in May 2024, according to data from the Turkish Statistical Institute (TUIK). In the first…
Saudi Arabia's steel fabrication firm, Al Nafie Metal Industries (NMI) aims to become the Middle East's top steel fabrication company, according to General Manager Majed Suleiman Al Nafie in an interview with Gulf…
China's Envision Energy has launched a strategic joint venture (JV) with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries. This partnership aims to accelerate wind power growth across the Middle East…
Saipem, a global leader in engineering and construction for the energy and infrastructure sectors, has secured two offshore projects in Saudi Arabia under its Long-Term Agreement with Saudi Aramco, valued at…
Oman's Al Jazeera Steel Products Co. has ordered two tying machines from ATS Mechatronics, a division of the AIC Group. The TMB400 tying machine boasts the fastest tying cycle on the market at 6.8 seconds. While the…
Arabian Gulf Steel Industries (AGSI) is at the forefront of a new initiative launched by Abu Dhabi Distribution Company (ADDC), a subsidiary of the Abu Dhabi National Energy Company (TAQA). The initiative, known as the…
Adnoc Gas plc has awarded engineering, procurement & construction (EPC) contracts worth USD 550 mln for the expansion of its natural gas pipeline network and has also transferred the ownership of the project to Adnoc…
Turkey's scrap import prices remained stable as buying activity slowed significantly. This slowdown was driven by weak demand in the finished steel segment and suppliers' resistance to lowering prices. Turkish finished…
Turkey's HRC imports declined by nearly 52pct YoY in May 2024 and by 24pct month-on-month to approximately 283,000 tons, according to data from the Turkish Statistical Institute (TUIK). In the first five months of 2024…
The Egyptian government has awarded the construction of the light-rail transit (LRT) third phase to an Egyptian-Chinese consortium for USD 550 mln, according to local media reports. The consortium includes China's Avic…
Project awards in the GCC dropped by 19.7pct in Q2-2024, falling to USD 51.7 bln from USD 64.3 bln the previous year, according to Kamco Invest. This decline is primarily due to a significant decrease in project awards…
Egypt's steel producer, Ezz Steel, reported a profit in the first quarter of 2024, according to the company's financial statement. The company recorded a profit of EGP 1.26 bln (USD 26.2 mln), compared to a loss of EGP…
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