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 producer, Kardemir, has released its sales allocation plan for July to September 2023. The company has decreased sales allocation for all products except wire rod as compared to the previous quarter. As…
India and the United Arab Emirates (UAE) have entered into agreements aimed at enhancing trade settlement in national currencies and establishing a real-time link for cross-border transactions. The move is expected to…
Acwa Power, a leading developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, along with Haji Abdullah Alireza & Co (Haaco) and Al Moayyed Contracting Group…
Iraq is planning to issue several tenders for a project to build a motorway linking its south to the northern border with Turkey, according to an official. Iraqi Transport Ministry officials have said the “Development…
Turkey's scrap import prices continue to face downward pressure as the demand for finished steel remains lackluster. Scrap import offers for the Turkish market are in the range of USD 365-370 per ton CFR, representing a…
Turkish rebar exports experienced a recovery in May 2023, with a nearly 24pct increase compared to the previous month. However, when compared to the same month last year, the exports almost halved, according to data…
Kardemir's subsidiary, Dokum Makina Sanayi ve Ticaret (Kardokmak), has officially launched its USD 5 mln forged steel plant. According to local news reports, following the arrival of all the necessary equipment at the…
Alstom, a multinational transport company specializing in railways and mobility solutions, is driving the growth of Morocco's rail industry through a significant investment of MHD 160 mln (USD 16.28 mln) in the…
Turkey's major steel producer, Kardemir has decreased steel sections prices, according to the company's new price list. The company's latest price range for IPE-NPU (160-550 mm) now stands at USD 700-820 per ton EXW…
Emirates Steel Arkan, a leading publicly traded manufacturer of steel and building materials in the region, and Al Jazeera Steel Product Company, a major steel producer in Oman, have signed a Memorandum of Understanding…
ATS Mechatronics, an Italian equipment supplier, has successfully completed the installation of TMB 400-45 tying machines at Al Jazeera Steel facility in Oman. These two automatic tying machines will be integrated into…
Egypt’s Al Ezz Dekheila Steel (EZDK) has secured a loan of USD 125 mln from Emirates NBD in order to finance the acquisition of the government's stake in the company, according to the local media reports. The loan will…
Bahrain Real Estate Investment Company (Edamah) has announced the start of construction work on two boutique hotels - the four-star Avani and the five-star Tivoli - within its mixed-use sustainable city, Bilaj Al…
Turkish steel producer, Kardemir has reduced billet and wire rod prices, according to its latest price list. The company’s S235JR grade billet is now offered at USD 525 per ton EXW, a decrease from the previous rate of…
Egypt's exports of iron and steel increased by 46pct YoY to USD 943 mln in the first five months of 2023, compared to USD 647 mln during the same period the previous year. According to the Export Council for Building…
Vulcan International Holding Company, a wholly owned entity of India's Jindal Group, is spearheading a series of steel projects in Oman, with a notable focus on a groundbreaking green steel complex in Duqm. The holding…
Bena Steel Industries (BSI) and the Alderley Group, a UK-based energy solutions provider, have forged a strategic partnership and signed a Memorandum of Understanding (MoU) to jointly pursue opportunities in Saudi…
McDermott, a leading engineering and construction company, has been awarded a significant contract by Qatargas Operating Company Limited. The contract entails the delivery of engineering, procurement, construction, and…
In May, Turkish wire rod exports showed a notable rebound, increasing by 47pct compared to the previous month. However, the YoY figures remained bleak, with exports plummeting by 63pct. The total exports for May…
The Egyptian Ministry of Trade and Industry has announced that it will maintain tariffs on steel rebar imports from China, Turkey, and Ukraine for a period of five years. The antidumping duties on rebar imports from…
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