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
Saudi Arabia’s Bena Steel Industries Company finalized a credit facility agreement with Saudi National Bank (SNB) worth SAR 75 mln (USD 20 mln). The company intends to utilize this loan to finance its working capital…
Indian engineering and construction conglomerate Larsen & Toubro (L&T) said its Power Transmission & Distribution Business has secured a major order from Saudi Arabia for the construction of a ±525kV high -voltage…
Turkish steel producer, Kardemir has reduced wire rod prices, according to its latest price list. The company has revised the price of its 5.5 mm SAE 1006 grade wire rod to USD 600 per ton EXW, indicating a decrease…
UAE’s Emirates Steel Arkan (ESA) has announced that it will keep rebar prices unchanged for August production. The company will continue offering rebar at AED 2,450 (USD 667) per ton CPT Abu Dhabi and AED 2,458 (USD…
Iranian steelmakers experienced substantial growth in exports during the first quarter of the current fiscal year 2024 (March 21 - June 21). According to the latest data released by the Iranian Steel Producers…
Robt Stone, one of the leading EPC contractors in UAE, said it has secured a major contract from a unit of Abu Dhabi National Oil Company (Adnoc) to provide engineering, procurement and construction services for its…
The value of contracts awarded by the Kuwaiti government to local companies surged by nearly 33 pct in the first half of 2023, a newspaper reported. From around USD 2.25 bln in the first half of 2022, the value of…
Turkey's scrap import prices witnessed a significant decline as buyers secured cargoes at lower prices. Scrap import offers for the Turkish market now stand at about USD 355 per ton CFR, marking a decrease of USD 10-15…
Turkish steel producer MMK Metalurji faced a significant slump in steel output in the first half of 2023 due to the closure of one of its plants following an earthquake in Southern Turkey and weak demand. Part of…
Omani steel producer, Al Jazeera Steel Products Co. SAOG, reported a 28 pct YoY drop in its net profit in the first half of 2023, according to its unaudited financial statement. In H1 2023, the company's net profit…
According to Vale's operational report, the company's Oman facility experienced a 2.2 pct year-on-year decline in iron ore pellet production during H1 2023. The total production of iron ore pellets reached 4.33 mln tons…
Turkish steel producer, Kardemir has announced new rebar prices, according to its latest price list. The company has implemented a price reduction for rebar sizes ranging from 12-32 mm, setting the new rate at TRY…
Conares, the UAE's second-largest private steel manufacturer, has recently forged a significant partnership with C&D, a Fortune Global 500 company specializing in supply chain operation services and real estate…
Emirates Steel Arkan, AD Ports Group, Itochu Corporation, and JFE Steel have inked a non-binding Memorandum of Understanding (MoU) to collaborate on the development of an integrated low-carbon iron supply chain complex…
Omani steel producer, Al Jazeera Steel Products Co. SAOG's Board of Directors have appointed new member, according to a notice. The board has approved the temporary appointment of Mr. Shihab Salim Al-Barwani, who will…
According to the Pakistan Bureau of Statistics, scrap imports in Pakistan have experienced a significant YoY decrease of almost 50pct, with a total of 121,877 tons imported in June 2023. This quantity represents the…
Newly released data from the Pakistan Bureau of Statistics indicates a significant decline in Pakistan's finished steel imports in June 2023. The imports of finished steel experienced a substantial YoY decrease…
Jindal Group and Vulcan Investments, an industrial conglomerate based in Oman, successfully completed the acquisition of Sohar Steel after an extensive and notable three-year hiatus. This achievement serves as a pivotal…
Taraf, a key UAE property developer, has awarded the enabling works contract to Asasat Aldhafra APCC Building Contracting for its residential development, Luce, located along the Palm Jumeirah in Dubai. The project…
A new residential development valued at USD 2.18 bln, located north-east of Yas Island in Abu Dhabi, is launched by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu…
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