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
Nakheel, part of Dubai Holding Real Estate, has awarded an AED 2.6 bln (USD 708 mln) contract to Fibrex Contracting L.L.C. for the construction of the Bay Villas project at Dubai Islands, the company announced. The…
Turkey imported 495,600 tons of CRC in the first half of 2025, up 33pct YoY, according to Turkish Statistical Institute (TUIK) data. South Korea was the largest supplier with 159,600 tons, followed by Russia at 137,000…
UAE-based Rhino Steel has produced the first aluzinc coils at its new coating line in Umm Al Quwain Industrial City. In 2023, Rhino Steel, along with three other steelmakers, announced plans to transform 1.4 mln square…
Turkey's scrap import prices remained stable this week at USD 345-347 per ton CFR, as buying activity slowed on the back of weak finished steel demand. Many Turkish steel mills, focusing on selling finished steel…
Turkish steelmaker Kardemir kept billet prices unchanged in its latest sales round, matching the levels set on 24 July. The company offered S235JR grade billets at USD 500 per ton EXW and B420 grade billets at USD 510…
Bahrain's Universal Rolling (Unirol) has urged authorities to shield local steelmakers from dumping, warning that the country's open trade policy risks turning it into a market for surplus foreign steel. Operations…
Misr National Steel (Ataqa) posted a net profit of EGP 62.33 mln (USD 1.28 mln) in the first half of 2025, reversing a net loss of EGP 41.66 mln in the same period last year, according to its financial results. Sales…
Saudi Arabia's Group Five Pipe posted a sharp rise in net profit for the first half of 2025, its financial statement showed. Net profit jumped to SAR 125 mln (USD 33.2 mln), compared with SAR 9.2 mln in the same period…
Egypt's Misr National Steel (Ataqa) has applied to the General Authority for Industrial Development for a license to build a billet production facility, the company said in a stock exchange filing. Ataqa submitted its…
The U.S. Department of Commerce (DOC) has released preliminary findings from its latest administrative review of antidumping duties on Turkish rebar exports. Covering the period from July 1, 2023, to June 30, 2024, the…
Mughal Iron & Steel's subsidiary, Mughal Energy, has completed the hydro testing phase for its 36.50 MW hybrid power plant, marking a significant step toward the project's commissioning. Hydro testing, a crucial process…
Turkey exported about 1.6 mln tons of HRC in the first half of 2025, up 43pct YoY, according to data from the Turkish Statistical Institute (TUIK). Italy was the top buyer, importing 455,300 tons, followed by Spain with…
Kardemir Celik is investing USD 30 mln in a large-section rolling mill in Izmir's Aliaga Bozkoy district, aiming to boost production capacity, diversify its product range, and tap new markets. The facility is scheduled…
Pakistan's National Tariff Commission (NTC) has recommended cutting import duties on steelmaking raw materials, including scrap, to zero, aiming to secure uninterrupted supply and reduce production costs, according to a…
Kuwait's Heavy Engineering Industries & Shipbuilding (Heisco) has acquired the remaining 25pct stake in Gulf Sky Factory, a pressure vessel manufacturer in Jubail, Saudi Arabia, for about USD 4.5 mln, completing full…
Turkey imported 1.87 mln tons of HRC in the first half of 2025, down more than 8pct YoY, according to data from the Turkish Statistical Institute (TUIK). China was the leading supplier, shipping 709,500 tons, followed…
Turkish steelmaker Karabuk Demir Celik (Kardemir) significantly reduced its losses in the first half of 2025, according to its latest financial report. Net loss fell to TRY 254.21 mln (USD 6.2 mln) from TRY 2.47 bln a…
EMSTEEL's steel business unit, Emirates Steel Industries, has become the first company in the Middle East and North Africa to receive ResponsibleSteel Core Site certification, following a rigorous audit by international…
UAE-based steel engineering and fabrication firm Ikigai Steel is set to expand its footprint into Canada and Africa, aiming to boost annual production capacity to 45,000 tons. Operating from its 548,000-square-foot…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) posted a steep drop in first-half 2025 earnings, according to a stock exchange filing. Net profit fell 67.2pct YoY to SAR 1.1 mln (USD 0.29 mln), while revenues…
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