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 rose to USD 345-350 per ton CFR this week, up from USD 340-345 per ton last week, supported by higher freight and collection costs. Scrap buying activity picked up as Turkish mills booked…
Turkey exported 623,300 tons of wire rod in the first eight months of 2025, up 1.2pct YoY, according to data from the Turkish Statistical Institute (TUIK). Romania was the largest buyer with 223,700 tons, followed by…
Saudi Arabia's Aluminium Products Company (ALUPCO) and Hong Kong's Asia Aluminum Group (AAG) have signed a USD 500 mln agreement to establish the region's largest integrated downstream aluminum base in Riyadh. The…
Emirates Water and Electricity Company (EWEC) has awarded its 1.5 GW Khazna Solar PV project to ENGIE and Masdar. The utility-scale plant, to be built near Al Khazna in Abu Dhabi, will be developed under a power…
Turkish steelmaker Kardemir has launched a new sales round for rebar and wire rod, releasing updated prices in its latest list. Rebar is now offered at TRY 23,365 per ton (USD 560), up from TRY 22,475 per ton (USD 544)…
Iran produced nearly 15 mln tons of crude steel in the first six months of the current Iranian year (March 21-September 22), up 3.2pct YoY, according to the Iranian Steel Producers Association (ISPA). The rebound…
Dubai-based private equity firm Synergy Capital has become one of India's largest independent producers of low-ash metallurgical coke after acquiring Saurashtra Fuel's flagship plant in Mundra, Gujarat. The deal marks…
Diriyah Company has signed a USD 244 mln contract with a consortium of Al-Majal El-Arabi Group and MAN Enterprise AlSaudia to develop the Grand Mosque as part of the project's second phase. The mosque will span 12,300…
Turkey exported around 2.6 mln tons of rebar in the first eight months of 2025, marking a 21pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the top destination for…
The Competition Commission of Pakistan (CCP) has imposed financial penalties exceeding PKR 1.56 bln (USD 5.5 mln) on Aisha Steel Mills Limited (ASML) and International Steels Limited (ISL) for cartelization and…
Advanced Building Industries Co. (SENAAT), part of Saudi Arabia's industrial sector, plans to list three subsidiaries, focused on insulation, steel, and air-conditioning, on the Saudi Exchange (Tadawul), Chairman…
Turkey imported around 12.2mln tons of scrap in January-August 2025, marking a 9pct YoY decline, according to data from the Turkish Statistical Institute (TUIK). The United States remained Turkey's largest supplier with…
Hascelik has inaugurated a new sustainability-focused melt shop in the Bilecik Osmaneli Organized Industrial Zone, backed by an investment of USD 175 mln. The plant will produce specialty steel for the automotive…
Zamil Industrial has completed all formalities to change its name to Advanced Building Industries Co (SENAAT), marking a key step in its strategic transformation. The company said the new identity reflects its evolution…
Masdar and Etihad Rail have signed a Memorandum of Understanding (MoU) to explore transport solutions for the green hydrogen value chain across the UAE. The partnership will assess how Etihad Rail's expanding national…
Turkish steelmaker Kardemir has raised its wire rod prices by USD 10 per ton, according to its recent price list. The company is offering 5.5 mm SAE 1006 grade at USD 590 per ton EXW, while 5.5 mm SAE 1008-1010 grades…
Egypt's Trade Remedies Sector, part of the Ministry of Investment and Foreign Trade, has extended its antidumping investigation into imports of cold-rolled, galvanized, and pre-painted steel from Turkey and China for an…
ArcelorMittal Tubular Products Al-Jubail (ArcelorMittal TPJ) and Jubail Energy Services Company (JESCO) have closed a USD 1.4 bln strategic financing package to support their major heat treatment and advanced premium…
Molan Steel Co. has filed a lawsuit against Yara International Ltd. before the Riyadh Commercial Court seeking to annul its SAR 34.88 mln (USD 9.3 mln) acquisition of Mayar International Industry Co. The company claims…
Amreli Steels Limited's board has approved the direct issuance of up to 40 mln ordinary shares at PKR 25 each, raising PKR 1 bln (USD 3.5 mln) to strengthen working capital and support its credit restructuring plan. The…
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