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
According to data from the Turkish Statistical Institute (TUIK), Turkey witnessed a significant 72 pct increase in HRC imports in May, totaling 589,174 tons. The surge in imports was primarily driven by a sharp increase…
Turkey experienced a significant decline of 19.1 pct YoY in crude steel production in the first five months of 2023, amounting to 13 mln tons. In the month of May alone, there was a 10.3 pct YoY decrease, resulting in…
The Roads and Transport Authority (RTA) has awarded the contract for Garn Al Sabkha - Street Sheikh Mohamed Bin Zayed Road Intersection Improvement Project, being developed at an investment of USD 102 mln. The scope of…
Maire Tecnimont S.p.A. has announced that its subsidiaries, Tecnimont and Tecnimont Arabia Limited, have been awarded two lump-sum turn-key EPC contracts for a petrochemical expansion project at the SATORP Refinery in…
Bahrain's Ministry of Works is expected to award the main construction contract for its USD 55 mln Busaiteen Link project in Muharraq by the third quarter of 2023. Busaiteen Link Package 3, Roads for Muharraq Ring Road…
Saudi Arabia's Arabian Pipes Company (APC) has successfully secured two pipe supply contracts, as stated in the company's filing to the bourse. APC has been awarded a contract valued at approximately SAR 322 mln (USD…
Al Yamamah Steel Industries Company has announced the appointment of Saad Ibrahim Al Mojil as its new Chairman of the board. This decision was made during the shareholder's resolution on June 7, 2023, and subsequently…
Vulcan Steel, owned by industrialist Naveen Jindal, is engaging in discussions with multiple export credit agencies (ECAs) to secure USD 2.5 bln in funding for its upcoming environmentally-friendly steel plant in Oman…
Oman's leading construction company Galfar has announced that it has secured a key contract from OQ Exploration and Production for Bisat Permanent Power Supply Project at Block 60 concession area. The Bisat oil field…
Oman Electricity Transmission Company (OETC) is expected to award the engineering, procurement and construction (EPC) contract for three grid stations and overhead transmission lines by the fourth quarter 2023…
Turkish steel exports to the GCC region experienced a mixed performance in May 2023. While Turkish steel exports to Saudi Arabia declined, there was a notable increase in exports to the UAE and Qatar. In May 2023, the…
Egypt's steel production has been adversely affected since the beginning of the year, as reported by two board members from the Chamber of Metallurgical Industries (CMI) at the Federation of Egyptian Industries. CMI…
Minister of Petroleum and Mineral Resources, Tarek El Molla, engaged in talks with a delegation from Saudi company ArcelorMittal Jubail to explore potential cooperation in the manufacturing of oil and gas pipelines, the…
Vallourec, a global leader in premium tubular solutions for the energy industry, has announced the signing of a Memorandum of Understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA). The MoU, signed…
India’s major engineering firm, Larsen & Toubro (L&T) has strengthened its commitment to Saudi Arabia's vision of a diversified and self-sustaining economy. In line with the IKTVA (In-Kingdom Total Value Add) initiative…
The State Bank of Pakistan (SBP) has eased the import restrictions that were imposed in December last year in an attempt to appease the International Monetary Fund (IMF). However, both the business community and…
Turkey's scrap import prices have remained unchanged in the past week as mills refrain from entering the market amid sluggish steel demand. Scrap import offers for the Turkish market are currently hovering around USD…
According to data from TUIK (Turkish Statistical Institute), Turkey witnessed an increase in both steel imports and exports under HS code 72 in May 2023, compared to the previous month. Steel import volume saw a…
Eversendai Offshore RMC FZE, a subsidiary of Malaysian company Eversendai Corp, has entered into a strategic collaboration agreement with Abu Dhabi National Oil Co (Adnoc) for the fabrication of onshore and offshore…
According to a statement from the Turkish Statistical Institute (TUIK), Turkey's construction confidence index experienced a 3.5pct month-on-month decrease, reaching 88.9 points in June 2023. This decline indicates a…
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