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
Al Seer Marine (ASM), a subsidiary of International Holding Company (IHC), and Damen International, part of the globally renowned Damen Shipyards Group, have announced that their joint venture has secured a major USD…
Jindal Shadeed Iron & Steel has commissioned Danieli to upgrade its casting machine capabilities at its Sohar facility in Oman. The modernization aims to enhance efficiency and diversify the product range, enabling the…
EMSTEEL Group is developing the UAE's largest industrial solar PV rooftop project in partnership with Yellow Door Energy, the company announced. The 31.5 MWp solar installation, spanning 40 rooftops, aims to reduce…
The General Authority of the Suez Canal Economic Zone (SCZone) has signed an agreement with XinFeng Egypt to establish an integrated manufacturing complex in Sokhna, local media reported. The project, spanning 3.75 mln…
Crude steel production in the Middle East fell by 13.5pct YoY to 7.9 mln tons in the first two months of 2025, according to the World Steel Association. In February alone, output declined 11.5pct YoY to 3.7 mln tons…
Turkish steel producer Kardemir has announced its sales allocation plan for Q2 2025, increasing allocations for billets, wire rod, and profiles while reducing rebar supply compared to the previous quarter. According to…
Oman's Nama Water Services has signed an agreement with Al Tayer Engineering Services Company to construct a water purification plant at Wadi Dayqah Dam in Quriyat, a project valued at over USD 142 mln. Developed under…
Saudi Iron and Steel Company (Hadeed) has announced that long steel prices will remain unchanged for April deliveries. The company is offering rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm)…
Chinese steelmaker Yongjin Technology Group and its partners will invest over USD 250 mln to establish a stainless steel plant in Turkey, aiming to meet local and European demand, according to media reports. The new…
Egypt's Orascom Construction and Spanish energy firm Tecnicas Reunidas have signed a USD 2.6 bln engineering, procurement, and construction (EPC) contract for the Qurayyah IPP expansion project in Saudi Arabia's Eastern…
The Gulf Cooperation Council (GCC) has announced the imposition of anti-dumping duties on imports of aluminum alloy flat products from China. According to the GCC's Bureau of Technical Secretariat for Anti-Injurious…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for April production will remain unchanged for the third consecutive month. The company has set the rebar price at AED 2,660 (USD 724)…
Riyadh Steel, a Saudi Arabian long steel producer, reported an 82pct YoY drop in net profit for 2024, according to its stock exchange filing. The company's net profit fell to SAR 1.99 mln (USD 0.53 mln) in 2024, down…
Oman-based Bukaka International LLC has partnered with the Public Establishment for Industrial Estates (Madayn) to establish a cutting-edge manufacturing facility in Nizwa Industrial City. The USD 7.8 mln investment…
Dubai Holding Real Estate (DHRE) has awarded UAE-based Wade Adams the contract for Phase 1 of the Plantation Development's roads and infrastructure works. Located on a 185-hectare site in Dubai, the project is situated…
Turkey's scrap import market faced uncertainty as mid-week political unrest sent the lira to a record low. Scrap import prices were assessed at USD 380 per ton CFR, compared to USD 370-380 per ton CFR earlier. Earlier…
Egypt's steel exports fell 4pct YoY in 2024 to USD 2.3 bln, according to the Export Council for Building Materials. The decline is driven by rising trade barriers, including a 25pct U.S. tariff on steel imports and a…
Ezz Steel announced that its shares have been delisted from the Egyptian Stock Exchange (EGX) as of March 13, 2025. In response, the company has set up an over-the-counter (OTC) trading facility using the EGX's…
Amreli Steels Limited has extended the temporary suspension of operations at its rolling mill plant in Karachi's S.I.T.E. area for another six months due to ongoing operational and economic challenges in the steel…
Kuwait's Heavy Engineering Industries and Shipbuilding Company (Heisco) has secured a significant contract for civil and mechanical work at Saudi Aramco's Abqaiq oil facilities in Eastern Saudi Arabia, according to a…
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