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
The Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), Waleid Gamal El-Dein, has laid the foundation stone for Chinese company Xinfeng's integrated industrial steel complex in Sokhna. The…
Saudi Steel Pipe Co. (SSP) has signed a settlement agreement with the sellers of three land plots in Dammam, originally purchased in 2010. The agreement, finalized on April 28, nullifies the transaction, with the…
Experts at a recent workshop emphasized the urgent need to decarbonize Pakistan's steel industry and improve energy efficiency to safeguard the sector's global competitiveness and align with international climate goals…
Oman has signed an agreement with China's JA Solar to build a large-scale solar cell and panel manufacturing facility in the Sohar Freezone, marking a major step in its push to expand renewable energy and diversify the…
Vallourec, a global leader in premium seamless tubular solutions, has secured a significant contract to supply Oil Country Tubular Goods (OCTG) for Kuwait Oil Company's (KOC) drilling operations. The agreement is valued…
State-owned Energy Development Oman (EDO) has signed a memorandum of understanding (MoU) with China's Jiangsu Changbao Steel Tube Co. to explore the development of a cutting-edge Oil Country Tubular Goods (OCTG)…
Local manufacturer Massoud Steel has signed an agreement to establish a metal packaging factory in the Sokhna Industrial Zone, with a total investment of USD 19 mln, according to a statement from the Suez Canal Economic…
Chinese solar manufacturer Longi has expressed interest in setting up a solar panel production facility in Algeria, following recent talks with officials from the Ministry of Energy and Mining, according to local media…
The downward trend in Turkish scrap import prices continued this week, driven by increased availability of scrap cargoes and a cautious buying approach from Turkish steel mills, amid sluggish demand for finished steel…
Turkish steelmaker Kardemir has reduced its rebar prices, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 20,700 (USD 540) per ton ex-works, down from TRY 21,165 (USD 556)…
Pakistan's scrap imports reached 280,635 tons in March 2025, marking a YoY increase of 10.82pct, according to data from the Pakistan Bureau of Statistics (PBS). On a month-on-month basis, imports were up 17.9pct…
Pakistan imported 328,497 tons of finished steel in March 2025, a 27.25pct increase YoY from 258,141 tons in March 2024, according to the Pakistan Bureau of Statistics (PBS). However, imports edged down slightly by…
Arkan Palm for Real Estate Development, a subsidiary of Badr El-Din Group, has signed a contract with the Export Development Bank of Egypt (EBank) to construct the bank's new headquarters at the Financial District…
Turkish steel producer Asil Celik has successfully commissioned its second electro-slag remelting (ESR) furnace, featuring a maximum product diameter of 1,250 mm and a capacity of 30 tons. With the installation now…
International Steels Limited (ISL) of Pakistan reported a significant decline in profitability for the nine months ending March 31, 2024, according to its unaudited financial results for FY25. The company posted a…
Kuwait's Combined Group Contracting Company (CGCC) has announced it has been awarded a contract to construct a pipeline for gas exports from Wafra Joint Operations, according to a filing with the stock exchange. The…
Crude steel production in the Middle East fell 8pct YoY to 13.3 mln tons in the first quarter of 2025, according to the World Steel Association. However, March showed signs of recovery, with output rising nearly 2pct…
Omani steel manufacturer Al Jazeera Steel Products Co. SAOG posted a 16pct YoY increase in net profit for the first quarter of 2025, according to its unaudited financial results. Net profit rose to OMR 2.1 mln (USD 5.44…
Turkey exported approximately 246,000 tons of welded steel pipes in the first two months of 2025, marking an 8pct YoY decline, according to data from the Turkish Statistical Institute (TUIK). Iraq was the largest…
Morocco has launched a USD 2.8 bln investment program under its "Airports 2030" vision, aiming to more than double passenger capacity to 80 mln by 2030, Transport Minister Abdessamad Kayouh announced. A key part of the…
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