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
Turkish steel exports to the Gulf Cooperation Council (GCC) countries showed varying trends in H1 2023. The total Turkish steel exports to the region amounted to 73,859 tons during this period. in June, there was a…
Tenaris has been awarded a contract for the supply of pipes and related services for phase II-A of the Sakarya gas field development. Turkish Petroleum (TPAO) operates the project, located in the ultra-deep waters of…
Vale has entered into a binding agreement with Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s Public Investment Fund, for an investment in Vale Base Metals Limited (VBM), the holding entity for…
Sohar Port and Freezone have successfully concluded a land lease agreement with SCME Projects Pvt Ltd (FZC) LLC, paving the way for the establishment of a steel fabrication unit within Sohar Freezone. This strategic…
The National Petroleum Construction Company PJSC, a subsidiary wholly owned by the National Marine Dredging Company PJSC, has been granted a letter of award by Adnoc Offshore. The award is for the Engineering…
Turkey's scrap import prices experience further decline as steel demand remains subdued. Scrap import offers for the Turkish market are in the range of USD 345-350 per ton CFR, reflecting a decrease of USD 5-10 per ton…
Saudi Iron and Steel Company (Hadeed) has made the decision to keep the prices of rebar and wire rod unchanged for the production in August. The pricing of rebar, available in sizes ranging from 12-32 mm, and wire rod…
Emirates Steel Arkan has reportedly withdrawn from its potential investment in Thyssenkrupp AG's steel arm, delivering another setback to the German conglomerate's plans to divest the struggling operations, as per a…
Iraq is close to awarding the multi-bln dollar Baghdad Metro project to a consortium of France’s Transport giant Alstom and Hyundai of South Korea, according to a local news report from the official Arabic language…
In May 2023, Turkey's wire rod exports faced a significant decline of over 62pct YoY, with the total volume amounted to 39,533 tons, as reported by the Turkish Statistical Institute (TUIK). Despite this overall…
Turkish exports of coated coil in widths of 600 mm and above in the first five months of 2023 fell 50pct YoY to 342,500 tons, hit by antidumping duties imposed by the European Commission and low demand in most main…
Turkish steel producer, Kocaer Celik has successfully secured steel profile orders amounting to USD 14.7 mln from the American continent, the company said in a stock exchange filing. The newly received orders…
Dubai-listed Deyaar Development has begun work on combining three plots in Al Furjan, which will house three projects worth USD 82 mln. The projects will house nearly 371 residential and hotel apartment units, the…
Amwaj International, a leading real estate developer in Iraq, has broken ground on Karbala Gate, a USD 420-mln mixed-use development featuring 796 villas with a mix of two- and three-bedroom units, for up to 4,700…
According to the latest data from the World Steel Association, the Middle East witnessed a 3pct growth in crude steel production during the first half of 2023, reaching a total of 23 mln tons compared to the same period…
Data from the Turkish Statistical Institute (TUIK) indicates a noteworthy surge in Turkey's cold-rolled (CR) steel imports during May. The country imported a total of 91,303 tons of CR steel (coils/sheets) during the…
Saudi Arabia's Ministry of Commerce stated that the number of steel and cement export licenses, since lifting ban on exports in 2016, reached 201 and 133, respectively, totaling 334. In a statement, the ministry added…
Saudi Water Partnership Company (SWPC) has announced that a developer consortium of Saudi-based Alkhorayef Water and Power Technologies and Spanish utility major Cobra has emerged as the preferred bidder for the…
Turkey's major steel producer, Kardemir has kept steel sections prices unchanged, according to the company's new price list. The price range for IPE-NPU (160-550 mm) remains at USD 700-820 per ton EXW, while the price…
Khalifa Economic Zones Abu Dhabi (KEZAD) Group and Al Jazeera Steel Products have begun the construction of a new rolling mill in Abu Dhabi, with an investment of AED 250 million (USD 68 mln). Spanning an expansive area…
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