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
Turkey's imported scrap prices inched higher this week to USD 345-355 per ton CFR, compared with USD 345-350 per ton last week, as mills booked fresh cargoes at higher levels. However, market sentiment remained cautious…
Turkey imported 713,700 tons of CRC in the first eight months of 2025, marking a 42pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). South Korea was the largest supplier with 227,300…
Domestic steel demand is now projected to reach 24 mln tons by 2035, up from an earlier estimate of 17 mln tons, driven by renewable energy expansion, manufacturing growth, and national mega-projects, according to…
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Mughal Iron & Steel Industries Limited (Mughal Steel), citing the company's resilience despite ongoing challenges in the wider steel…
Turkey imported 2.9 mln tons of billets in the first eight months of 2025, a 58pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Malaysia was the largest supplier during the period…
Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayef, inaugurated the third Saudi International Iron and Steel Conference in Riyadh, held under the patronage of the ministry and organized by the…
Saudi Arabia's Al Yamamah Steel Industries Co. has signed two contracts with Larsen & Toubro (L&T) Saudi Arabia worth a combined SAR 207.09 mln (USD 55 mln) for the supply of steel towers for a 380 kV ultra-high-voltage…
Bekaert signed a Memorandum of Understanding (MoU) with Saudi-based IKK Mateenbar to collaborate on lower-carbon concrete reinforcement solutions. The agreement, concluded in Riyadh under the Ministry of Energy's Oil…
Amreli Steels Limited announced that it has signed and executed the Master Restructuring Agreement (MRA) along with allied documents and agreements with a consortium of banks. Bank Alfalah Limited acted as the lead…
Turkish steelmaker Kardemir has increased its billet prices by USD 8 per ton compared with levels announced on September 24. In its latest price list, the company is offering S235JR grade billets at USD 500 per ton EXW…
Oman-based Al Jazeera Steel Products Co. SAOG reported a 77pct YoY jump in net profit for the first nine months of 2025, according to its unaudited financial results. Net profit rose to OMR 6.48 mln (USD 16.8 mln)…
Turkish steel producer Kocaer Celik has received approval from the Science Based Targets initiative (SBTi) for both its near-term (2030) and long-term (2050) emission reduction goals, becoming the only Turkish steel…
Retal Urban Development Co.'s subsidiary, Building Construction Company Ltd, has signed a USD 123 mln contract with PIF-owned Roshn Group to design and build six residential buildings within the Sedra master development…
The latest short-range outlook from the World Steel Association (Worldsteel) projects sustained growth in steel demand across the Middle East and North Africa (MENA) over the next two years, following a sharp expansion…
The World Steel Association (Worldsteel) has announced its Executive Board of Directors for the 2025-26 term, with key representation from the Middle East. Ugur Dalbeler, CEO of Turkey's Colakoglu, has been elected as…
Pakistan's Beco Steel Limited has announced plans to diversify into rebar production, according to a filing with the stock exchange. The company will install a new furnace and a continuous casting mill, with the…
India's ACME Group, a leading renewable energy and green ammonia developer, is considering Oman as the site for a new low-carbon Direct Reduced Iron (DRI) project, with India's Odisha also under review. The proposed…
Turkey imported 2.56 mln tons of HRC in the first eight months of 2025, a 5pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). China was the leading supplier with 1 mln tons, followed by…
Saudi Arabia's Al Yamamah Steel Industries has commenced commercial operations at its Wind Energy Systems Factory in Yanbu Industrial City. The facility, considered one of the region's most advanced for steel tower…
The UAE has extended the increase in customs duty on rebar and wire rod from 5pct to 10pct until October 12, 2026, according to a notice issued by Dubai Customs. Products covered by the duty include those under HS Codes…
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