Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,421 news items in ME Steel News. Show all
Saudi Arabia's Molan Steel Co. signed an agreement to obtain an interest-free loan worth SAR 15 mln (USD 4 mln) from its major shareholder, Dar Al-Takamul Holding Co. According to the company, the financing will be used…
Abu Dhabi-based Metal Park signed a memorandum of understanding (MoU) with Sdeira Group to jointly develop a workforce accommodation community in KEZAD Al Mamourah A, aimed at serving companies operating within the…
Turkish steelmaker Kardemir opened a new billet sales round on May 13 and closed it after securing significant order volumes from the domestic market. The company offered S235JR-grade billet at USD 530 per ton EXW, down…
Saudi Arabia-based Arabian Pipes Company (APC) signed a contract with Kuwait's KAC Trading Company for the manufacture and supply of OCTG casing pipes for Kuwait Oil Company (KOC). According to the company, the contract…
Saudi Arabia's Advanced Building Industries Company (Senaat) announced that its subsidiary, Advanced Construction Solutions Company for Projects (ZODCON), signed a contract with TKE ALAT Manufacturing Company for the…
Kingspan Insulation announced the operational launch of its new manufacturing facility in Dammam, Saudi Arabia, strengthening the company's local production presence in the Kingdom. The facility will produce HVAC…
Pakistan's major pipe producer, International Industries Limited (IIL) announced plans to diversify into mining and exploration activities through a proposed joint venture focused primarily on projects in Balochistan…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) increased domestic prices for its long steel products for May production, marking its second price revision this month. The company raised rebar (12-32 mm) prices by…
EMSTEEL reported improved profitability for the first quarter of 2026, supported by stronger operating performance in its steel business despite lower sales volumes. The group's revenue during the first three months of…
Turkish pipe producer Borusan Pipe returned to profitability in the first quarter of 2026, supported by stronger sales volumes and improved operational efficiency, according to its financial results. Net profit reached…
Turkey's HRC imports declined by 2.5pct YoY during the first quarter of 2026, according to data from the Turkish Statistical Institute (TUIK). The country's total HRC imports reached 806,500 tons in January-March 2026…
Jindal Steel Oman awarded UK-based carbon recycling technology company PeroCycle a feasibility assessment contract to evaluate the integration of carbon recycling technology at its steel production facilities in the…
Jindal Steel Oman acquired Moon Iron & Steel Company (MISCO) in Sohar, according to sources familiar with the matter. MISCO suspended steel production activities in 2023 after facing operational and financial…
Metal Care Center Factory LLC commissioned a new scrap-based induction furnace rebar mill with annual production capacity of 300,000 tons at the UAQ Industrial Area in Umm Al Quwain, UAE. According to the company, the…
Saudi Arabia-based Watani Iron Steel Co. (Watani Steel) reported lower net profit for the first quarter of 2026, as lower steel selling prices continued to pressure profitability despite relatively stable sales revenue…
Assent Steel Industries, a UAE-based structural steel fabricator and supplier, signed a musataha agreement with Dubai Industrial City to expand its operations and increase fabrication capacity in the emirate. A musataha…
UAE's Arabian Gulf Steel Industries (AGSI) signed strategic agreements with R.Evolution and 9E Global Engineering Consultants aimed at supporting low-carbon steel solutions and sustainable construction practices across…
Khalifa Economic Zones Abu Dhabi (KEZAD) signed an agreement with Suraj Iron & Steel Manufacturers to establish a steel rolling mill facility in Abu Dhabi. The project, announced during Make it in the Emirates 2026…
Libyan Iron and Steel Company (LISCO) announced the successful commissioning and performance testing of its cold rolling mill, implemented by Turkish engineering company Partner Teknik. According to LISCO, the project…
Pakistan's Economic Coordination Committee (ECC) approved the supply of up to 40 MMCFD natural gas to National Steel Complex Ltd (NSCL) for process requirements and captive power generation at applicable industrial…
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