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
NMDC LTS, a logistics and technical services arm of the NMDC Group, has signed a Memorandum of Understanding with Jiangsu Huaying Valves Co. Ltd to explore a joint venture aimed at establishing a valve assembly and…
Lamprell has signed a Memorandum of Understanding (MoU) with Dong Fang Offshore (DFO) to collaborate on a newbuild NG-9000X wind turbine installation and maintenance vessel. The vessel will support offshore wind…
Pakistani rebar producer Dost Steels Limited has finalized a loan restructuring agreement with a consortium of banks to reschedule outstanding debt of PKR 2.08 bln (USD 7.35 mln), including future markup, according to a…
Saudi Arabia's Al Watania for Industries and China's Donghexin Group have signed a joint venture agreement to establish the region's first tinplate manufacturing facility in Ras Al-Khair Industrial City. With commercial…
Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia's Public Investment Fund (PIF) and Hyundai Motor Company, has officially broken ground at the newly announced King Salman Automotive…
Turkey imported approximately 2 mln tons of iron ore in the first quarter of 2025, marking a 17pct decline compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK). Brazil…
Qatar's Public Works Authority (Ashghal) has launched a five-year infrastructure plan worth over USD 22 bln, covering projects from land development and public buildings to sewage networks and strategic outfalls. A key…
Turkey's scrap import market extended its upward trend this week, supported by a series of new bookings at higher price levels. Current import prices are assessed at USD 340-345 per ton CFR, up from USD 335-340 per ton…
Vale has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) during Oman Sustainability Week, marking a key step in its strategy to decarbonize operations and transition to renewable energy in Oman. The…
Watani Iron Steel Co. (Watani Steel) reported a net profit of SAR 2.9 mln (USD 0.77 mln) for the first quarter of 2025, down 42pct from SAR 4.9 mln in the same period last year. Sales revenue declined 17.8pct YoY to SAR…
Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, has officially launched the Green Mountain Industrial City project in Basra. Developed in strategic partnership with China's Tsingshan Group…
Pakistan's large-scale manufacturing (LSM) sector grew by 1.79pct YoY in March 2025, according to data from the Pakistan Bureau of Statistics (PBS). However, on a monthly basis, LSM output fell sharply by 4.64pct…
UAE-based EMSTEEL, one of the region's leading publicly traded steel and building materials manufacturers, has announced its financial results for Q1 2025. The group reported revenue of AED 2.155 bln, up slightly from…
ArcelorMittal Tubular Products Jubail has secured full financial backing from leading commercial banks in Saudi Arabia for its heat treatment and advanced premium OCTG finishing line expansion. The expansion will add…
Saudi Arabia's Al Yamamah Steel Industries Co. reported a significant drop in net profit for the first half of fiscal year 2025, ended March 31. Net profit fell by nearly 56pct YoY to SAR 26.54 mln (USD 7 mln), driven…
Iran has ordered cement and steel factories nationwide to halt or significantly reduce production for 15 days starting May 15 to manage soaring electricity demand, local media reported. According to Tejarat News, the…
Turkish steelmaker Kardemir has increased prices for its long steel products, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 21,550 per ton EXW (USD 555), up from TRY 21,000…
Jindal Renewables has signed a landmark Joint Development Agreement (JDA) with OQ Alternative Energy, Oman's national renewable energy champion, for a 500MW renewable energy project. The clean power will support…
Pakistan and Russia have taken a step toward industrial collaboration, as Russian representative Denis Nazaroof met with Haroon Akhtar Khan, Special Assistant to the Prime Minister, to discuss establishing a new steel…
Gas Arabian Services Company has been awarded contracts by Saudi Power Procurement Company for the development of gas pipeline infrastructure for two independent power plant (IPP) projects, the company announced in a…
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