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
Turkey's Steel Exporters' Association (CIB) recently organized a trade delegation to Kosovo to enhance trade relations between the two countries. The meetings brought together representatives from 28 Turkish companies…
The Middle East and North Africa (MENA) region is well-positioned to lead the global shift toward green iron and steel, leveraging its competitive advantages in renewables, green hydrogen, and steel production…
Egypt's El-Marakby Steel aims to increase its rebar exports by at least 10pct in 2025, targeting 140,000 tons compared to 120,000 tons worth USD 80 mln last year, according to the local media reports. CEO Eng. Hassan…
Egypt has taken a significant step toward modernizing its rail infrastructure with the recent dispatch of British Steel-manufactured rails for the country's first fully electrified mainline and freight network. The…
Hassan Allam Holding announced that its subsidiary, Hassan Allam Roads & Bridges, has been awarded the road and paving works for the Port of NEOM in Oxagon, Saudi Arabia. The project involves supplying and applying…
China Gezhouba Group Company Limited (CGGC) has signed two contracts worth a combined USD 557 mln with Kuwait's Public Authority for Housing Welfare (PAHW). The contracts cover road networks, infrastructure, irrigation…
Turkey's steel exports surged in January 2025, rising 23pct YoY to 1.1 mln tons, with export value increasing 14.6pct to USD 763.4 mln, according to the Turkish Steel Producers' Association (TCUD). The growth was driven…
Agha Steel Industries Limited reported a net loss of PKR 3.84 bln (USD 13.7 mln) for H1 FY25, a sharp increase from the PKR 219 mln loss in the same period last year. Revenue dropped 42.6pct YoY to PKR 5.3 bln (USD 19.1…
Bahrain's Arab Shipbuilding and Repair Yard (ASRY), the Arabian Gulf's leading maritime repair and fabrication facility, has signed a memorandum of understanding (MoU) with Abu Dhabi Ship Building (ADSB), a subsidiary…
A Kuwaiti company announced it has signed a contract for construction work at South Saad Al-Abdullah City in the outskirts of the capital Kuwait City. Kuwait Company for Process Plant Construction and Contracting (KCPC)…
Ezz Steel, one of Egypt's leading steel producers, has kept its rebar prices unchanged for the sixth consecutive month. The company's rebar price remains at EGP 38,200 (USD 754) per ton EXW, inclusive of 14pct VAT. Ezz…
Turkish pipe producer Borusan Pipe reported a net loss of USD 5 mln in 2024, a sharp decline from its USD 194 mln profit in 2023, citing challenging market conditions. The company attributed its losses to pricing…
Pakistan's Amreli Steels reported a net loss of PKR 1.87 bln (USD 6.7 mln) for the first half of the fiscal year 2025 ending December 31, 2024, a sharp decline from the PKR 632 mln loss recorded in the same period the…
Turkey's scrap import prices increased this week as local steel mills booked new shipments at higher rates. Prices are now assessed at USD 360-365 per ton CFR, up from USD 350-360 per ton CFR, last week. The upward…
Turkish steelmaker Kardemir has released its latest price list for billet and wire rod. The price of S235JR grade billets has been set at USD 485 per ton EXW, marking a USD 5 per ton decrease from the previous…
Egypt's Holding Company for Maritime and Land Transport has signed a memorandum of understanding with A.P. Moller - Maersk A/S to establish the country's first ship recycling project at Damietta Port. Deputy Prime…
AD Ports Group has signed a Memorandum of Understanding (MoU) with Pakistan's Board of Investment to explore the development of an industrial zone near Karachi Port and Port Qasim, aiming to boost trade and economic…
Crude steel output in the Middle East fell by 15.3pct YoY to 4.2 mln tons in January 2025, according to the World Steel Association. The region's monitored countries include Bahrain, Iran, Iraq, Jordan, Kuwait, Oman…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) reported a substantial increase in net profit for 2024, reaching SAR 9.86 mln (USD 2.62 mln), more than doubling from SAR 4.24 mln in the previous year. Revenue also…
The Libyan Iron and Steel Company (LISCO) announced two export shipments to Turkey and Morocco. The vessel Gemini Capo is currently being loaded with 10,000 tons of Hot Briquetted Iron (HBI) bound for Turkey, while the…
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