Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,424 news items in ME Steel News. Show all
Saudi Arabia's Royal Commission for Riyadh City (RCRC) has announced Package 3 of the Riyadh Main and Ring Road Axes Development Program, covering six major road and traffic projects with a combined budget exceeding SAR…
Turkish steel producer, Kardemir has announced its sales allocation plan for the first quarter of 2026, increasing billet volumes while reducing allocations for rebar, wire rod, and profiles compared with the previous…
Turkey's Ministry of Trade has decided to apply a uniform definitive anti-dumping duty of 3.95pct on imports of cold-rolled stainless steel flat products of Chinese origin, according to the final notification issued…
Watani Iron Steel Co. (Watani Steel) has renewed Sharia-compliant credit facilities worth SAR 70.5 mln (USD 18.8 mln) with Bank Albilad, according to a stock exchange filing. The renewed facilities will run from…
Major Pakistani steel producers have urged the Federal Board of Revenue (FBR) to introduce safeguards on duty- and tax-free Chinese imports cleared through the Customs Dry Port Sost for consumption in Gilgit-Baltistan…
Saudi Iron and Steel Company (Hadeed) has increased its rebar prices for January production while leaving wire rod prices unchanged, the company said. The company's rebar prices for sizes 12-32 mm were raised by SAR 70…
Al Yamamah Steel Industries Co. reported a decline in net profit for the fiscal year ended September 30, 2025, with earnings falling 15.7pct YoY to SAR 59.69 mln (USD 15.9 mln). The company said the drop was mainly…
The Federal Board of Revenue (FBR) has notified minimum values for the payment of sales tax on selected locally produced and supplied long steel products, under S.R.O. 2402(I)/2025 dated December 10, 2025. Under the new…
Turkey's construction sector confidence index edged down 0.5pct month on month to 84.5 in December 2025, according to data from the Turkish Statistical Institute (TUIK). By contrast, confidence in other sectors…
Turkey's imported scrap prices edged higher this week, with assessments at USD 360-370 per ton CFR, compared with USD 360-365 per ton last week. Market sources said the higher end of the range reflects a reported…
Turkey's crude steel production rose 10pct YoY to 3.31 mln tons in November 2025, according to data from the Turkish Steel Producers' Association (TCUD). Billet production increased 9.4pct to 2.09 mln tons, while slab…
EMSTEEL Group announced new steps with the Emirates Nuclear Energy Company (ENEC) to decarbonize steel production by sourcing nuclear-generated electricity certified under Abu Dhabi's Clean Energy Certificates Program…
The US Department of Commerce has issued a preliminary determination finding that Algerian-origin rebar was sold in the US market at less than fair value. The ruling centers on Tosyali Iron Steel Industry Algeria SPA…
Somasteel has launched an expansion project aimed at achieving full vertical integration, with a total investment of MAD 760 mln (USD 83 mln), the company said. The project involves the construction of a steel meltshop…
Arabian Pipes Company announced that its Board of Directors has approved the establishment of a drilling pipe coupling factory at the company's facility in the Second Industrial Area in Riyadh, according to the…
Jindal Steel Sohar, formerly Jindal Shadeed Iron and Steel and part of Jindal Steel Oman, said its 220-ton electric arc furnace (EAF) in Sohar achieved a new monthly production milestone, tapping more than 235,000 tons…
Meranti Green Steel has signed an offtake agreement with Thyssenkrupp Materials Trading (TKMT) covering the supply of 1 mln tons of green hot briquetted iron (HBI). Meranti said TKMT's established trading network and…
Egyptian Customs Authority has extended the export duty on scrap and waste of stainless steel alloys classified under tariff heading 7204.21, according to an official decision. Under the measure, an export duty of EGP…
Crude steel production in the Middle East increased 3.4pct YoY to 51.6 mln tons in the first eleven months of 2025, according to data from the World Steel Association. Regional output rose 8.2pct YoY to 5.5 mln tons in…
Borusan Pipe announced that its US subsidiary, Borusan Berg Pipe, has secured a USD 553 mln sales agreement to supply large-diameter pipes in the United States, according to a stock exchange filing. Under the contract…
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