Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,417 news items in ME Steel News. Show all
Welspun Corp and Perma-Pipe International Holdings have signed a memorandum of understanding (MoU) with the developers of Jordan's National Water Carrier Project and the Jordanian government to establish pipe…
Saudi Arabia's Molan Steel Co. reported a 72pct YoY decline in revenue to SAR 9.3 mln (USD 2.47 mln) in the first half of 2026, while its net loss widened to SAR 11.1 mln (USD 2.95 mln) from SAR 2.8 mln a year earlier…
Spanish steel processing company Gonvarri Steel Industries is exploring investment opportunities in Egypt, with potential projects spanning the automotive, renewable energy and steel structures sectors, the Egyptian…
Oman's Al Jazeera Steel Products Company SAOG has completed the incorporation and legal establishment of two wholly owned subsidiaries in the United States, strengthening its presence and supporting its international…
The US Court of International Trade (CIT) has issued a final judgment resulting in an increase in the antidumping duty margin for Universal Tube and Plastic Industries Ltd. and its related entities, following a review…
Syria's Ministry of Economy and Industry has signed a 30-year memorandum of understanding with Saudi Arabia's Ithraa Group to rehabilitate, modernize and operate the General Company for Iron and Steel Products in Hama…
Saudi Arabia's Bena Steel Industries Company reported a sharp increase in net profit attributable to shareholders in the first half of 2026, supported by higher revenues from its steel fabrication and steel coils…
Mughal Energy Limited, a wholly owned subsidiary of Mughal Iron & Steel Industries Limited, has successfully commissioned the main 31.5 MW turbine of its captive hybrid power plant and achieved the Commercial Operation…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has kept its domestic rebar prices unchanged for September production, while raising wire rod prices by SAR 100-125 (USD 27-33) per ton. Hadeed is offering 12-32 mm…
Turkey's scrap import prices remained broadly stable this week, with Turkish mills maintaining a cautious purchasing approach. MESTEEL assessed HMS 1&2 (80:20) at USD 375 per ton CFR Turkey, unchanged week-on-week…
Turkey's steel product exports remained firm in the first seven months of 2026, while domestic finished steel consumption declined in July, according to data from the Turkish Steel Producers Association (TCUD). In July…
Saudi Arabia's Group Five Pipe Saudi Company reported a 14.3pct YoY increase in net profit to SAR 143.1 mln (USD 38 mln) in the first half of 2026, supported by lower production costs per ton. Revenue increased 2.5pct…
Egypt's Industrial Engineering Company for Construction and Development (ICON) reported a 12.91pct YoY decline in consolidated net profit attributable to the parent company in the first half of 2026, despite higher…
The GCC beams market remains subdued amid seasonal weakness in demand, while shipping disruptions and higher freight costs are complicating imported supply. Due to geopolitical tensions and disruptions to seaborne…
Turkey's Borusan Pipe's US subsidiary, Borusan Berg Pipe, has secured new sales orders worth approximately USD 555 mln following commercial negotiations in the US market. The orders are expected to be produced and…
Chinese tubular products manufacturer Dalipal Holdings has signed a 25-year lease for a 1.03 mln sq m plot at King Salman Energy Park (SPARK) in Dammam, Saudi Arabia, where it plans to establish a manufacturing and R&D…
Abu Dhabi Future Energy Company (Masdar) has cancelled plans to develop a 100MW green hydrogen production facility at EMSTEEL's manufacturing complex in Musaffah, Abu Dhabi, according to MEED. Masdar notified…
Abu Dhabi National Oil Company (ADNOC) has awarded McDermott a mega engineering, procurement, construction and installation (EPCI) contract for Package 4 of the Umm Shaif Integrated Gas Cap and Surface Pressure Boosting…
Turkish steelmaker Kardemir has concluded its latest sales round with higher billet and rebar prices, while firm scrap costs supported the increases. The producer sold S235JR-grade billet at USD 535 per ton EXW, up USD…
Pakistan's National Tariff Commission (NTC) has initiated a sunset review of existing anti-dumping duties on cold-rolled (CR) steel imports from the European Union, Vietnam, Taiwan and South Korea. The review follows an…
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