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 Karabuk Demir Celik (Kardemir) reported a larger net loss for the first quarter of 2025, according to its latest financial results. The company's net loss increased to TRY 1.48 bln (USD 38.2 mln), up…
Egypt is considering imposing anti-dumping duties on hot-rolled steel imports amid rising pressure on local producers, who are struggling to compete with cheaper, lower-quality foreign steel. The move follows a decline…
OQ Exploration & Production (OQEP), listed on the Muscat Stock Exchange, has signed four major contracts worth over OMR 21 mln, according to local media. The largest contract was awarded to Technical Services Company to…
Turkey's leading steel producer, Erdemir Group, reported a significant drop in net profit for the first quarter of 2025, according to its latest financial results. In Q1 2025, the company posted a net profit of TRY…
Tosyali Holding has signed a contract with Italian equipment manufacturer Salico for the supply of two advanced finishing lines for its greenfield cold rolling complex in Oran, Algeria. The order includes a trapezoidal…
The Pakistan Association of Large Steel Producers (PALSP) has urged the government to establish a clear, written policy outlining applicable tax rates to ensure smoother operations and greater stability in the steel…
Iran exported USD 918 mln worth of iron ore pellets in the Iranian calendar year 1403 (ended March 20, 2025), according to the Iranian Steel Producers Association (ISPA). The figure marks a 16pct decline compared to the…
QS Maritime, operator of Oman's Shinas Port, will begin development work by year-end, with investments exceeding USD 199 mln. The project is expected to take 5-7 years to complete. CEO Eng. Abdul Baqi al Kindi told the…
Turkey's scrap import prices surged this week, driven by a series of new bookings at higher levels. Current prices are assessed at USD 335-340 per ton CFR, up from USD 325 per ton CFR last week. Scrap suppliers have…
Turkish steel company Tosyali Holding has announced its withdrawal from the planned acquisition of Liberty Dudelange, according to local media reports. The decision was confirmed by both the economy and labour…
EMSTEEL has introduced its first green finance framework, aligning its financial strategy with long-term sustainability and decarbonisation goals. This initiative positions EMSTEEL as a regional leader in sustainable…
International Steels Limited (ISL), a subsidiary of International Industries Limited, has completed and commissioned a 6.4-megawatt (MW) solar power project at its manufacturing facility in Karachi, according to a…
Turkey's wire rod exports declined in the first quarter of 2025, according to data from the Turkish Statistical Institute (TUIK). Total exports reached approximately 288,600 tons in Q1, marking a 17pct YoY decrease…
Turkish steel producer Kocaer Celik announced that it secured steel profile orders worth USD 55 mln in April 2025. According to the company's stock exchange filing, the orders primarily consist of value-added steel…
Turkish steel producer, Ekinciler Demir Celik places exports at the core of its growth strategy, with Africa and the Middle East as key focus regions, according to the local media reports. The company has maintained…
More contracts will be awarded this year as work on Al Maktoum International Airport (AMIA) expansion gathers pace. Contracts have been awarded for the site enabling works and the construction of the second runway at Al…
Turkish steelmaker Kardemir has increased its rebar prices, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 21,000 per ton ex-works (approximately USD 544), up from TRY…
Turkey exported 1.05 mln tons of rebar in the first quarter of 2025, marking a nearly 35pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Yemen was the leading importer during this…
Pakistani pipe manufacturer International Industries Limited (IIL) has established a wholly-owned subsidiary in Ireland, named INIL Europe Limited, according to a stock exchange filing. The new entity aims to expand…
DMCC, Dubai's leading international business district, has announced the appointment of Ali & Sons Contracting Company as the main contractor for the second phase of the Uptown Dubai development. The contract follows…
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