Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
2,438 news items in ME Steel News. Show all
East Pipes Integrated Company for Industry signed a Shariah-compliant credit facility agreement worth SAR 1.1 bln (USD 293 mln) with Banque Saudi Fransi, according to a statement to Tadawul. The agreement is valid for…
EWEC (Emirates Water and Electricity Company), the Abu Dhabi-based off-taker for water and power projects, announced that it plans to award the 1,500-megawatt-ac (MWac), Al Ajban Solar Photovoltaic (PV) Independent…
Pakistan's flat steel manufacturers, International Steels Limited (ISL) and Aisha Steel, have announced a price reduction for CRC and galvanized coil for the domestic market. This marks the first adjustment in prices…
Pakistan’s rebar producer, Dost Steels Limited (DCL) faces continued closure of operations amid pending litigation, according to the company's progress report. Despite management's efforts to find a resolution and…
Toyota Tsusho Corporation, a Japanese group, has revealed that it, along with French energy company TotalEnergies Renewables and a unit of Saudi-based Zahid Group, has secured a contract from Saudi Power Procurement…
The Public Authority for Housing Welfare (PAHW) is expected to award key contracts for its South Saad Al-Abdullah Residential City project in the third quarter of 2023. The contracts awards are for main road…
Turkey has witnessed a decrease in scrap import prices over the past two weeks as buying activity remains minimal due to weak finished steel. Scrap import offers for the Turkish market hover around USD 375 per ton CFR…
Turkey's major steel producer, Kardemir has lowered steel sections prices, according to the company's new price list. The company's new price range for IPE-NPU (160-550 mm) is USD 750-900 per ton EXW, which is lower…
Egyptian steel producer, Ezz Steel, faced a net loss in Q1 2023 as profitability was impacted by sharp currency depreciation. According to the company's financial statement, they posted a net loss of EGP 2.489 bln in Q1…
The Ministry of Industry and Mineral Resources (MIM) issued 53 new industrial licenses in April 2023. The licenses were distributed over 7 industrial activities, topped by food processing with 9 licenses. It was…
Emirates Water and Electricity Company (Ewec) has issued a Request for Proposals (RFP) to qualified developers and developer consortiums interested in developing the new Abu Dhabi Islands Reverse Osmosis independent…
Turkish steel producer, Kardemir has announced new rebar prices, according to its latest price list. The company has raised the prices of rebar sizes ranging from 12-32 mm to TRY 15,850 (USD 607) per ton, compared to…
Industries Qatar (IQ), the parent company of Qatar Steel, has announced its approval of plans to acquire Al Qataria Steel, as stated in an exchange filing. The filing highlights that IQ has granted preliminary approval…
The Pakistan Association of Large Steel Producers (PALSP) have voiced strong criticism against the existing dual tax system in the country, raising concerns about the preferential treatment and unfair advantages enjoyed…
Kuwait Ministry of Public Works is expected to award the main construction contract for its Raqqa roads, storm water drain channels and other services project, Eastern Region by the third quarter of 2023, according to a…
Turkish steel producer, Kardemir has decreased billet and wire rod prices, according to its latest price list. Kardemir's S235JR grade 150 mm billet is now offered at USD 565 per ton EXW, representing a decrease from…
Bahrain-based Sulb Company BSC, a major manufacturer of medium and heavy beams and structural steel sections in the Middle East, has partnered with TBK Automation and Measuring Technology GmbH to implement an advanced…
Saudi Arabia’s National Metal Manufacturing and Casting Company (Maadaniyah) has signed an agreement with Gulf Triple Contracting Company for the construction of its new valves factory in the kingdom. The manufacturing…
Watani Iron Steel Company (Watani Steel) has announced the appointment of Abdul Karim Mohammed Al Rajhi as the Chairman of the board for the upcoming three-year term. Alongside him, Mishaal Abdul Karim Al Rajhi and…
Petrofac, a renowned international service provider in the energy industry, has been chosen by Adnoc Gas Processing, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), to undertake a significant Engineering…
“Premium Content” marks a news item that needs a subscription to read in full.
