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
Diriyah Company, an affiliate of PIF, has awarded a contract worth over USD 2 bln for developing a mixed-use district in northern Diriyah. The contract encompasses the construction of advanced educational institutions…
Dubai-based Arista Properties broke ground for its USD 136 mln Wadi Villas luxury residential project located in Mohammed Bin Rashid City within Meydan master development. The project, which comprises 30 high-end villa…
Turkish steel producer Kardemir has announced new rebar prices according to its latest price list. The company is now offering rebar in sizes ranging from 12 to 32 mm at TRY 19,550 (USD 595) per ton, up from the…
Turkey's rebar exports surged by nearly 47pct YoY in May 2024, according to data from the Turkish Statistical Institute (TUIK). Turkish rebar suppliers exported 303,000 tons during this period, also marking a 10pct…
Dubai-based Iman developers has announced the groundbreaking of its mixed-use development - One Park Central - in Jumeirah Village Circle (JVC), Dubai. The project is expected to be completed by the second quarter of…
Zahraa Maadi Investment and Development (ZMID) has assigned Nasr Company for Civil Works (NCCW) to implement the construction works of a residential compound in Zahraa El Maadi in Cairo for USD 5.4 mln. Nasr for Civil…
Turkish steel firm Kocaer Celik recently announced substantial orders totaling USD 46.3 mln for June. These orders primarily consist of value-added steel profiles from regions such as the Middle East and North Africa…
Chinese electric vehicle (EV) giant BYD, the world's second-largest EV maker after Tesla, has signed a nearly USD 1 bln investment agreement with Turkey's Industry and Technology Ministry to open a plant in the country…
Bahrain's Ministry of Housing and Urban Planning has signed an agreement with China Machinery Engineering Corporation (CMEC) for the implementation of the third phase of the Sitra housing project in the kingdom. Under…
Oscar Middle East, a Dubai-based shipping and freight forwarding company, has initiated work on its USD 41 mln liquid bulk terminal at Jebel Ali Free Zone (Jafza). The quayside facility will have a total capacity of…
UAE's APL Apollo Tubes, a wholly owned subsidiary of India's APL Apollo Tubes, has launched a new Direct Forming Technology (DFT) line at its plant in Umm Al Quwain (UAQ), according to a company official's announcement…
Sharjah National Oil Corporation (SNOC), oil and gas industry executive arm of the emirate of Sharjah in the UAE, announced that it broke ground on the emirate's largest solar power plant. The 60MWp ground-mounted solar…
Oman Tourism Development Company (Omran) has invited expressions of interest (EoIs) from leading engineering and construction firms for the development of a luxury 5-star property as well as other related facilities…
Turkey's scrap import prices increased further this week as steel mills booked new cargoes at higher rates. Scrap import prices in Turkey are now assessed at USD 390 per ton CFR, up from USD 385-390 per ton CFR last…
The Pakistani government has increased duties on a range of imported products, including several steel items, to reduce financial losses as the country seeks to secure a loan agreement of over USD 6 bln with the…
Price volatility continues for key construction materials in Egypt, despite a relative cooling of prices as of March 2024. This trend is attributed to the liberalisation of the exchange rate and government-implemented…
Douglas OHI, a leading regional construction and engineering group in Oman, has initiated the construction of temporary office facilities and essential utility infrastructure, signaling the start of preparations for the…
The first shipment in a major rail contract is set to leave British Steel for Turkey this week. The company is supplying tens of thousands of tons of track for the project, which connects Mersin with the cities of…
Turkey's prefabricated building manufacturer, Karmod, has completed a steel house project in Mannheim, Germany, adhering to the country's construction regulations, according to a statement from the company. The project…
Jazan City Port Basic and Transformative Industries has announced the signing of three construction and operational contracts worth over USD 84 mln These contracts were awarded to China Harbor Engineering Company…
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