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
Alkhorayef Water and Power Technologies Company has received six new blanket purchase agreements worth USD 51 mln from the state-run National Water Company (NWC) to install new water and wastewater connections. The new…
Turkish steel manufacturer Kardemir has maintained its wire rod prices in the latest sales round, according to its latest price list. The company continues to offer 5.5 mm SAE 1006 grade wire rod at USD 625 per ton EXW…
Kardemir, Turkey's major steel producer, has unveiled new prices for its steel sections. The company's latest price list indicates a reduction in prices for IPE-NPU sections, now offered at USD 685-790 per ton EXW for…
Turkey's scrap imports exhibited significant changes in May 2024, rising 4.2pct YoY and 20pct month-on-month to reach 1.8 mln tons. The United States remained Turkey's primary source of scrap imports, although imports…
Sumou Real Estate Company has signed a USD 346.54 mln contract with Jubail and Yanbu Industrial Cities Services Company (JABEEN). The contract is for completing primary and secondary infrastructure works and designing…
Turkey has extended its temporary safeguard measures on wire rod imports for another three years, as announced in the official gazette. From June 15, 2024, to January 6, 2025, wire rod imports will incur a safeguard…
Arabian Pipes Company (APC) announced it has secured a new pipe supply contract from Denys Arabia, according to a stock exchange filing. The contract, valued at SAR 293 mln (USD 78 mln), involves APC supplying pipes…
Dallah Healthcare Company has awarded Youssef Marroun Contracting Company a contract for construction, electromechanical and finishing works for Al-Arid Hospital in Riyadh, worth USD 184 mln. The contract duration is 24…
Pakistani rebar manufacturers have raised prices by PKR 5,000 (USD 18) per ton, effective July 1, 2024, in response to rising production costs. The current price range is now between PKR 266,500-268,500 (USD 955-962)…
Turkey's crude steel output increased by nearly 20pct YoY in the first five months of 2024, reaching 15.5 mln tons from January to May, according to the Turkish Steel Producers' Association (TCUD). In May 2024, Turkey's…
Dubai's Roads and Transport Authority (RTA) has awarded a USD 117 mln project to construct direct entry/exit points for Dubai Harbour, in partnership with Shamal Holding. The project encompasses the construction of a…
Turkish steel producer Kardemir has announced new prices for rebar, according to its latest price list. The company is now offering rebar in sizes ranging from 12 to 32 mm at TRY 19,455 (USD 590) per ton, up from the…
Essar Group is awaiting final approvals to invest about USD 4.5 bln in building a low-carbon steel plant in Saudi Arabia, according to top official Prashant Ruia. Once approvals are received, the conglomerate will begin…
Nass Contracting Company, a unit of Bahrain-based industrial conglomerate Nass Corporation, has announced that its joint venture with Nassir Hazza Al Subaie for Contracting has secured the order for the Busaiteen Link…
Nama Power and Water Procurement Company, the sole buyer of power and water output in the Sultanate of Oman, has prequalified nine international companies to participate in the competitive tender for the development of…
Pakistan's scrap imports surged by 50pct YoY in June 2024, according to the Pakistan Bureau of Statistics. The country imported a total of 250,734 tons of scrap during the month, compared to 167,075 tons in the same…
In June 2024, Pakistan saw a significant surge in finished steel imports, with a 67.6pct YoY increase, according to data from the Pakistan Bureau of Statistics. The country imported 302,412 tons of finished steel during…
Bahrain Steel, a major producer and global supplier of high-grade iron ore pellets, collaborated with HSBC Bahrain to facilitate a transaction utilizing electronic Bill of Lading and ePresentation capabilities. This…
Bahra Electric and China’s Antaisolar have inked a deal to establish a joint venture (JV) company and factory in Jeddah, Saudi Arabia. The new facility will specialize in manufacturing solar trackers and mounting…
According to Turkey's statistical authority, TUIK, the construction sector confidence index decreased in June 2024. TUIK data revealed a 0.5pct decline to 87.9 compared to the previous month. Additionally, the retail…
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