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
UAE-based luxury real estate developer Omniyat has awarded the main construction contract for its flagship projects, Vela and Vela Viento, to Arabian Construction Company (ACC Group). Both developments are located in…
Turkey imported 4.7 mln tons of scrap in the first quarter of 2025, down 11.7pct YoY, according to data from the Turkish Statistical Institute (TUIK). The Netherlands was the top supplier during this period, exporting…
Dar Global has awarded the main works contract for The Great Escape (TGE) apartments and Phase 1 villas in AIDA, a mixed-use gated community in Muscat, to Al Adrak Trading & Contracting. Part of the larger AIDA…
Moroccan engineering and construction firm STAM (Societe de Travaux Agricoles Marocaine) has been awarded a construction contract for the new terminal at Mohammed V International Airport in Casablanca, as part of a…
According to the Turkish Steel Producers' Association (TCUD), Turkey's steel exports rose by 18.5pct YoY in Q1 2025, reaching 3.8 mln tons. Export value also saw a modest increase of 8.4pct, totaling USD 2.6 bln. In…
EMSTEEL, the UAE's leading steel and building materials manufacturer, has announced that Saeed Al Ghafri, CEO of its steel division, Emirates Steel, will step down after 19 years with the company. He will continue in…
AD Ports Group, a global leader in trade, transport, and logistics, has signed a 50-year renewable usufruct agreement with Egypt's General Authority for the Suez Canal Economic Zone (SCZONE) to develop and operate a 20…
Morocco has awarded a project to build a 3.3-kilometre underground rail tunnel to a consortium comprising a local firm and a Chinese company. The rail which runs under Rabat city will be connected to the planned…
Turkey's scrap import prices remained stable this week, signaling that the market may have finally bottomed out, despite sluggish purchasing activity from local steel mills. Current scrap import prices are assessed at…
Saudi Steel Pipe Co. (SSP) reported a 9.2pct decline in net profit for the first quarter of 2025, falling to SAR 69 mln (USD 56.6 mln), according to a disclosure filed with the stock exchange. The company attributed the…
Jordan's Arabian Steel Pipes Manufacturing reported a 9.9pct YoY increase in net profit for the first quarter of 2025, according to its latest financial statement. The company recorded a net profit of JOD 510,673 (USD…
UAE-based offshore fabricator Lamprell has appointed Ahmed Alaredhi and Philippe Barril as non-executive directors to its board, the company announced. The appointments will enhance the board's expertise in…
Turkish steel producer Kardemir has announced a new sales round for billet and wire rod, featuring reduced prices, according to its latest price list. Billet prices have been cut by USD 15 per ton compared to previous…
Izmir Demir Celik Sanayi A.S. (IDC), a leading Turkish producer of reinforcing steel and profiles, has significantly expanded its steel production capabilities with the installation of a Concast seven-strand continuous…
Amreli Steels, one of Pakistan's leading steel manufacturers, reported a significant increase in losses for the first nine months of fiscal year 2025, ending March 31. The company posted a net loss of PKR 2.85 bln (USD…
Mobarakeh Steel Group, the Middle East's largest steel producer, has urged the Indian government to grant market access to Iranian companies, particularly for the export of semi-finished steel products, according to an…
The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70 (USD 19) per ton, bringing the new price to SAR 2,280 (USD 607) per ton. In…
The Egyptian Ministry of Investment and Foreign Trade has launched a safeguard investigation into imports of hot-rolled steel products, according to a notification from the World Trade Organization (WTO). The…
Pakistan's Mughal Iron and Steel Industries Limited (Mughal Steel) reported a consolidated profit of PKR 412.39 mln (USD 1.46 mln) for the nine-month period ending March 31, 2025, a sharp 70.3pct YoY decline, according…
Majid Al Futtaim has appointed United Engineering Construction Company - Dubai (UNEC) as the main contractor for Plagette 32 and Amara, two residential projects within the Tilal Al Ghaf community in Dubai. The USD 200…
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