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
Pakistan-based Mughal Iron & Steel Industries Limited (Mughal Steel) reported improved profitability for the nine months ended March 31, 2026, supported by stronger margins and lower finance costs. Profit after tax rose…
Saudi Arabia-based Al Suwaidi Heavy Industries (SHI), a subsidiary of Al Suwaidi Industrial Development Holding Company, has completed the fabrication and delivery of piping for a flare manifold system for Zeeco Middle…
Metal Park has announced the launch of phase two of its integrated industrial ecosystem on the opening day of Make it in the Emirates 2026, aiming to support international companies in establishing and scaling…
Egypt has increased natural gas prices for several energy-intensive industries effective May, according to a prime ministerial decree, as the country faces rising energy import costs. Under the new pricing, gas rates…
Turkey's import scrap market extended its upward trend this week, supported by firm supplier sentiment and high freight costs. HMS 1&2 (80:20) import prices were assessed at USD 410-415 per ton CFR, up USD 5-10 per ton…
India-based Jindal SAW Ltd. said its board has approved a proposal to establish an additional longitudinal submerged arc welded (LSAW) pipe facility in Saudi Arabia through its joint venture. The expansion will be…
China's Baoshan Iron & Steel Co. (Baosteel) is reassessing its planned steel joint venture in Saudi Arabia amid rising geopolitical risks linked to tensions in the Middle East, according to a Reuters report. The…
Turkey-based Toscelik Spiral Boru has won a tender for the supply of steel pipes awarded by Ankara Metropolitan Municipality's water authority (ASKI), according to local media reports. The tender covers the procurement…
Pakistan-based Agha Steel Industries Limited reported improved financial performance for the nine-month period ended 31 March 2026, with losses narrowing amid lower finance costs and cost control measures. Net turnover…
Jordan's Ministry of Water and Irrigation has announced plans to establish a USD 125 mln steel pipe manufacturing facility through a US-Indian joint venture, aimed at supporting the National Water Carrier Project and…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for May production. Rebar (12-32 mm) prices were raised by SAR 100 (USD 27) to SAR 2,900 (USD 774) per ton, while…
Turkish steel producer, Erdemir Group reported a 9.4pct YoY decline in profitability in the first quarter of 2026, according to its latest financial results. Net profit fell to TRY 405.8 mln (USD 9.0 mln) from TRY 447.9…
Pakistan's Amreli Steels Limited reported a return to profitability for the nine-month period ended 31 March 2026, primarily supported by gains from loan restructuring. The company posted a net profit of PKR 868 mln…
Turkish steel producer, Kardemir has reduced rebar prices in its latest sales round. The company set prices for 12-32 mm rebar at TRY 26,815 (USD 595) per ton EXW, down from TRY 27,000 (USD 607) per ton in the previous…
Saudi Arabia-based Molan Steel Company reported lower revenue and wider losses for the year ended 31 December 2025, according to a filing on the Saudi Exchange. Revenue declined by 29.4pct YoY to SAR 60.9 mln (USD 16.2…
Saudi Arabia's Diriyah Company has awarded a contract valued at around USD 490 mln for the construction of the Saudi Arabia Museum of Contemporary Art (SAMoCA) within the Diriyah development. The project will be…
Turkey-based Borusan Pipe said its US subsidiary Borusan Berg Pipe has secured around USD 100 mln in sales orders in the United States, according to a stock exchange filing. The orders cover large-diameter line pipes…
Egypt-based Suez Steel has obtained certification from TUV Rheinland for the production and marketing of railway rails, marking a first for the country's steel sector. The certification covers EC verification…
Pakistan's Mughal Iron & Steel Industries Limited, through its subsidiary Mughal Energy Limited, has initiated turbine rolling at its hybrid power plant, marking the start of phased power generation and system testing…
Iran has suspended exports of steel slabs and flat products until May 30, 2026, according to an official directive issued by the Trade Promotion Organization of Iran (TPO). The directive mandates an immediate halt to…
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