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, Kocaer Celik announced through a stock exchange filing that it has secured a steel profile order worth USD 24.8 mln for both the American continent and Europe. The company is scheduled to deliver…
Turkey's central bank implemented a hike in its key rate by 650 basis points to 15pct, signaling a reversal of President Tayyip Erdogan's previous policies. However, the rate increase fell short of expectations, leading…
Indian manufacturers from various sectors, including steel, have shown keen interest in launching projects in Egypt to tap into both local and international markets, according to a statement released by the Suez Canal…
Iranian finished steel consumption witnessed a 0.5pct YoY increase during the first two months of the current Iranian year (March 21-May 21), reaching 3.59 mln tons for finished products, according to the Iranian Steel…
UAE's AD Ports Group, a leading operator of industrial cities and free zones, has entered into a 50-year concession agreement with Pakistan's federal agency Karachi Port Trust. The agreement entails a joint investment…
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 575 per ton EXW, representing a decrease from…
Saudi Iron and Steel Company (Hadeed) has decided to keep the prices of rebar and wire rod unchanged for the production in July. The company has maintained the pricing of rebar, ranging from 12-32 mm, and wire rod…
According to the latest data released by the World Steel Association, crude steel production in the Middle East witnessed a 1.1pct growth during the first four months of 2023, reaching a total of 18.7 mln tons compared…
Dubai-based Samana Developers has launched Skyros residential project in Arjan at an investment of USD 139 mln. The project will have a build-up area of 567,433 square feet and house 441 apartments, Samana said in a…
Egyptian developer LMD broke ground for its W Residences Cairo and W Cairo, which marks the debut of the W Hotels brand in Egypt and Africa. The hotels in New Cairo are scheduled to be completed by early 2026 and be…
UAE's Emirates Steel Arkan (ESA) has announced that it will keep rebar prices unchanged for July production. ESA will continue offering rebar at AED 2,450 (USD 667) per ton CPT Abu Dhabi and AED 2,458 (USD 669) per ton…
Emirates Steel Arkan, the UAE's largest steel and building materials manufacturer, has introduced a new operating model to capitalize on the collective strengths of its Steel and Building Materials businesses, aligning…
Metso, a leading industrial company, has recently entered into an agreement with Sinosteel Corporation to deliver seven Larox FFP2512 pressure filtration units for the expansion of Tosyali Algeria’s iron concentrator…
According to a recent report by the Iranian Steel Producers Association, Iranian steelmakers recorded a production of 6.31 mln tons of semi-finished products during the first two months of the current fiscal year (March…
The Pakistan Bureau of Statistics has reported a substantial YoY decrease of 38pct in scrap imports, with a total of 126,194 tons imported in May 2023. Pakistan had imported 203,474 tons of scrap in May 2022…
According to recently released data from the Pakistan Bureau of Statistics, Pakistan has witnessed a significant decline of 33.5pct in finished steel imports in May 2023 compared to the previous year. Last month, the…
Egypt's Ezz Steel has taken significant steps to reduce water consumption in water-scarce Egypt. In a strategic move, Ezz Steel partnered with Veolia Water Technologies Egypt to transition from using freshwater from the…
A consortium led by South Korean steelmaker Posco Group won a USD 6.7 bln deal to build the world’s largest green hydrogen plant in Duqm, a port town in east-central Oman, sources familiar with the matter said. The…
Leading UAE-based real estate developer Damac Properties has announced further developments to its master community, Damac Lagoons with new contracts worth close to USD 64 mln awarded to Hills & Fort Construction and…
Turkish steel producer, Kardemir has announced an adjustment in rebar and billet prices, according to its latest price list. The company has increased the prices of 12-32 mm rebar sizes to TRY 15,000 (USD 635) per ton…
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