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 stable as Turkish steel mills paused buying activity due to the Eid holidays. Scrap import prices in Turkey are assessed at USD 379-382 per ton CFR. Demand for Turkish finished…
The Middle East's crude steel production increased by 7.7pct YoY to 24 mln tons in the first five months of 2024, according to data from the World Steel Association. In May 2024, the region saw a 4.6pct YoY growth…
UAE-headquartered real estate developer Vantage Properties has signed a co-development memorandum of understanding with Italian developer Vittoria Group Costruzioni, for USD 100 mln flagship projects in Dubai’s Jumeirah…
Turkish steel manufacturer Kardemir has announced its sales allocation plan for the period from July to September 2024. The company has increased allocations for billet, rebar, and profiles compared to the previous…
Vallourec has signed a two-year extension to its 2019 contract with the Abu Dhabi National Oil Company (Adnoc), originally valued at USD 900 mln. This extension will take effect in January 2025 and will last until…
Saudi Arabia's Roads General Authority (RGA) has announced that a total of 69 companies have submitted bids for a major highway project linking Aseer region to Jazan. Of these, 37 are global players in the project…
Turkish steel manufacturer Kocaer Celik reported a 7.36pct YoY drop in net profit for the first quarter of 2024. According to the company's stock exchange filing, Kocaer Celik recorded a net profit of TRY 95.847 mln…
In April 2024, Turkey saw a sharp 70.1pct YoY decline in wire rod exports, as reported by the Turkish Statistical Institute (TUIK). Despite this, April's exports totaled 41,000 tons, marking an increase of over 52pct…
Master developer Expo City Dubai has awarded contracts to four major companies for the construction of its project, Mangrove Residences, featuring 450 apartments with a mix of one- to three-bed units along with four-bed…
Turkey's scrap import prices remained stable ahead of the upcoming Eid holidays, despite sluggish demand for finished steel. Currently, scrap import prices in Turkey are assessed at USD 379-382 per ton CFR. The rise in…
Turkey witnessed a significant increase in HRC exports in April, according to data from the Turkish Statistical Institute (TUIK). In April 2024, Turkey's HRC exports totaled 175,000 tons, marking a nearly 165pct YoY…
Japan's Nippon Steel and Sumitomo Corp have secured orders from QatarEnergy for high-alloy seamless pipes to be used in a carbon capture storage (CCS) project. This project, led by QatarEnergy in Qatar’s Mesaieed…
Red Sea Global (RSG), the developer of The Red Sea and Amaala megaprojects, said the Ministry of Health (MOH) has approved the designs for the Turtle Bay Hospital, allowing construction to start. Abdullah Saeed Alsayed…
Oman's Vulcan Steel and Volkswagen AG have signed a Memorandum of Understanding (MoU) to partner on producing low-carbon steel, a key element of Volkswagen’s green steel strategy. This partnership will see up to 300,000…
Bahrain Steel, a top producer and global supplier of high-grade iron ore pellets, announced the arrival of MV Ubuntu Unity, owned by Anglo American. This is a significant moment for Bahrain Steel, as it marks the…
Saudi Arabia’s Bena Steel Industries Co. and the UK's Alderley Co. have agreed to cancel the Memorandum of Understanding (MoU) they previously signed, as announced in a statement to Tadawul. The termination of the MoU…
NMDC Energy, in partnership with Technip Energies and JGC Corporation, have been awarded a contract worth USD 5.5 bln by Adnoc for the engineering, procurement and construction (EPC) of the lower-carbon Ruwais LNG…
The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping duty investigation against wire rod imports from Egypt, China, and Vietnam. Focusing on Egypt, the Canadian…
Turkey's rebar exports surged by 64pct YoY in April 2024, according to data from the Turkish Statistical Institute (TUIK). Turkish rebar suppliers exported 276,000 tons during this period, marking a 23pct increase…
British oil services firm John Wood Group has won a three-year contract worth USD 46 mln from France’s TotalEnergies in Iraq. The contract includes providing front-end engineering design (FEED), detailed design…
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