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
The Competition Commission of Pakistan (CCP) has released its Competition Assessment Study of the Steel Sector, highlighting structural and policy challenges that undermine competitiveness in a key industrial segment…
Turkey's imported scrap prices held largely stable this week at USD 345-355 per ton CFR, as buying activity remained muted due to the mid-week Republic Day holiday and cautious market sentiment. Scrap suppliers kept…
Turkish special steel producer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) has ordered a Reducing & Sizing Block (RSB) 370++/4 from Kocks as part of a modernization plan to boost reliability and…
Saudi Arabia's East Pipes Integrated Company for Industry reported a 37.5pct YoY rise in net profit to SAR 248.8 mln (USD 66 mln) for the first half of FY26 ended September 30, 2025. The company attributed the growth to…
Amreli Steels, one of Pakistan's leading steel producers, reported a 20pct YoY reduction in losses for Q1 FY26 ended September 30, 2025, posting a net loss of PKR 790 mln (USD 2.79 mln) compared to PKR 992 mln a year…
Saudi Steel Pipe Co. (SSP) reported a 7pct YoY decline in net profit for the first nine months of 2025, reaching SAR 198 mln (USD 53 mln), the company said in a stock exchange filing. The profit decline was primarily…
Saudi Arabia's Group Five Pipe Saudi Co. announced that it has mutually agreed with the Saline Water Conversion Corporation (SWCC) to reduce the total pipe supply for the Ras Al Khair Project by 39pct, according to a…
Lenovo is nearing completion of one of its largest and most advanced manufacturing facilities in Riyadh, marking a key milestone in its regional expansion. Developed in partnership with ALAT, a subsidiary of Saudi…
Qatar Steel announced that it has signed a Memorandum of Understanding (MoU) with the General Authority of Customs, aimed at establishing controls and procedures to regulate and restrict the export of steel scrap from…
Amreli Steels Limited has extended the suspension of operations at its Karachi S.I.T.E. rolling mill for another six months, citing ongoing operational and economic pressures in the steel sector. The company's board…
Saudi Arabia's Arabian Pipes Co. (APC) reported a 36.7pct YoY decline in net profit for the third quarter of 2025, citing weaker sales volumes, according to a stock exchange filing. Net profit fell to SAR 27.77 mln (USD…
Japanese shipping firm, Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company (PODC) have signed a memorandum of understanding (MoU) to strengthen collaboration on the development and connectivity of…
UAE's Abu Dhabi Future Energy Company PJSC (Masdar), a global clean energy leader, announced it has been awarded two solar photovoltaic (PV) projects, with a combined capacity of 2 gigawatts (GW), under the sixth round…
International Steels Limited (ISL), Pakistan's leading flat steel producer, reported strong financial results for the first quarter of FY26, ending September 30, 2025. The company's net profit surged to PKR 620.3 mln…
Pakistan imported 359,759 tons of steel scrap in September 2025, up 30pct YoY from 276,486 tons in the same month last year, according to data from the Pakistan Bureau of Statistics (PBS). Month-on-month, scrap imports…
Pakistan imported 365,171 tons of finished steel products in September 2025, marking a 31pct YoY increase, according to data from the Pakistan Bureau of Statistics (PBS). However, finished steel imports dipped slightly…
Turkey's construction sector confidence index declined by 5.3pct in October 2025 to 83.7, compared to the previous month, according to data from the Turkish Statistical Institute (TUIK). In contrast, the retail trade…
Turkey's leading steel producer Kardemir has announced revised prices for its steel sections, according to its latest price list released last week. Prices for IPE-NPU sections (sizes 180-550 mm) remain unchanged at USD…
Turkey imported 1.49 mln tons of pig iron between January and August 2025, marking a 65pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Russia remained the leading supplier with 1.1 mln…
Pakistan's Agha Steel Industries Limited posted a net loss of PKR 1.16 bln (USD 4.1 mln) for Q1 FY26 ended September 30, 2025, an improvement from the PKR 1.81 bln loss a year earlier. Revenue fell 24pct YoY to PKR 2.16…
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