Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,429 news items in ME Steel News. Show all
Turkish steelmaker Kardemir has announced its sales allocation plan for the third quarter of 2025, shifting its product mix by reducing allocations for billets and profiles, while increasing the supply of rebar and wire…
Turkey's steel sector exported USD 1.5 bln worth of products in May, marking a 3.6pct YoY increase and contributing significantly to the country's USD 2.7 bln in combined steel and non-ferrous metals exports, which…
The Pakistani government has approved approximately USD 42 mln for the redevelopment of the Gadani shipbreaking yard in Balochistan, aiming to transform it into a model green facility aligned with international…
Turkish steelmaker Kardemir has kept its wire rod prices unchanged, according to its latest price list. The company maintained prices at USD 590 per ton EXW for 5.5 mm SAE 1006 grade and USD 580 per ton EXW for 5.5 mm…
Middle East's crude steel production declined by 3.4pct YoY to 23.8 mln tons in the first five months of 2025, according to the World Steel Association. Despite the overall drop, the region showed signs of recovery in…
Turkey imported around 700,000 tons of pig iron during the first four months of 2025, a 26pct rise compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). Russia remained…
Turkey's statistical agency TUIK reported that the construction sector confidence index fell by 1.7pct in June 2025 to 86.9 compared to the previous month. Meanwhile, the retail trade sector saw a 2.5pct increase in its…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for July production will remain unchanged for the fifth month in a row. The company has maintained its rebar price at AED 2,480 (USD…
Turkey's Ministry of Commerce has extended anti-dumping duties on imports of stainless steel tubes and hollow sections from China and Taiwan, following a review to assess the need for continuing the measures. The…
East Pipes Integrated Company for Industry has signed a contract worth over SAR 40 mln (USD 10.65 mln), including VAT, with Abdullah Ibrahim Al Sayegh & Sons Co. (Al Sayegh), according to a statement to Tadawul. Under…
Pakistani rebar manufacturer Dost Steels Limited (DSL) plans to raise PKR 4.45 bln (USD 15.6 mln) through a rights issue to fund the installation of a billet-producing melting furnace and support working capital needs…
Turkish pipe manufacturer Borusan has announced a strategic investment initiative to upgrade its manufacturing infrastructure in Turkey, aligning with its long-term goals of sustainable growth, profitability, and…
Saudi Arabia's Gas Arabian Services Co. (GAS) has signed a joint venture agreement with Italian industrial firm Bonomi to establish a new valve manufacturing company, Bonomi Saudi Arabia Factory LLC. Headquartered in…
In a strategic move to secure key raw materials for steel production and expand into new export markets, several Indian state-owned enterprises are establishing a presence in Dubai. Steel Authority of India Limited…
Dubai-based Amirah Developments has appointed Shine Square Building Contracting LLC as the main contractor for its Bonds Avenue Residences project, set to rise in the new Dubai Islands waterfront community. Al Gafry…
Turkey's scrap import prices held largely steady this week, as buying activity slowed significantly due to weak demand for finished steel. Current scrap import offers are hovering around USD 340 per ton CFR, a slight…
Japanese steelmaker Yamato Kogyo Co., Ltd. has agreed to sell its 49pct stake in Bahraini steel producer Sulb to joint venture partner Foulath, a Bahrain-based industrial holding company with significant steel…
Vallourec, a global leader in premium seamless tubular solutions, has secured a significant contract to supply Oil Country Tubular Goods (OCTG) for drilling operations in Qatar. The deal is valued at over USD 50 mln and…
Mughal Iron & Steel expects to complete the modernization of its re-rolling facility by Q1 2026, CEO Shakeel Ahmad announced at a conference hosted by Topline Securities. The BMR (Balancing, Modernization, and…
Turkey imported 286,200 tons of CRC in the first four months of 2025, up 32pct YoY, according to data from the Turkish Statistical Institute (TUIK). South Korea was the leading supplier with 95,000 tons, followed by…
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