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
Iraq plans to open its first steel-focused industrial zone this year in Basra as part of a broader effort to attract investment in steel, petrochemicals, and other sectors, according to the official Al-Sabah daily. The…
Saudi Iron and Steel Company (Hadeed) has lowered its long steel prices by SAR 50 (USD 13) per ton for March deliveries. The new pricing sets rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm)…
EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has launched its Asset Enhancement Programme, a strategic initiative with a capital expenditure of approximately USD 170…
Al Yamamah Steel Industries Co. has signed a contract with the Hyundai Engineering & Construction Company to supply steel towers, the company announced in a stock exchange filing. The towers will be used for the…
The Pakistan Federal Board of Revenue (FBR) has withdrawn the Export Facilitation Scheme (EFS) 2021 for iron and steel scrap importers to prevent misuse and strengthen tax enforcement. Under the revised regulations…
Al Jazeera Steel Products Co. reported a 93pct surge in net profit for 2024, reaching OMR 7 mln (USD 18.3 mln), up from OMR 4 mln in 2023, according to its latest financial statement. Revenue rose 3pct YoY to OMR 146.68…
Libya aims to establish itself as a direct reduced iron (DRI) supplier in the Mediterranean and beyond with plans for a new DRI complex in the Benghazi region, featuring Midrex Flex technology. Tosyali Sulb Steel…
Al-Babtain Power and Telecommunication Co. has secured a SAR 622 mln (USD 165.7 mln) contract from Saudi Services for Electro Mechanical Works Company (SSEM) to supply steel towers for overhead transmission lines…
Drake & Scull International PJSC (DSI) has secured two major contracts for the Arabian Hills Project, totaling over USD 272 mln. The project spans 224 mln square feet and features modern design, sustainable…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for March production will remain unchanged. The company's price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton…
Turkish steel producer Tosyali Holding is reportedly interested in acquiring Liberty Dudelange, a Luxembourg-based steel producer, according to media reports. Several buyers initially expressed interest in the…
Turkish pipe manufacturer Erciyas Celik Boru, along with its business partner, has received a new pipe order from Morocco, the company announced in a stock exchange filing. Valued at USD 76.3 mln, the order is for the…
Dubai's Roads and Transport Authority (RTA) has awarded a USD 217 mln contract for the Al Qudra Street Development Project. The project spans from Al Qudra Street's intersection with Sheikh Mohammed bin Zayed Road to…
Kuwaiti real estate developer Mabanee Company announced that its Saudi subsidiary has signed two contracts for construction work on the second phase of The Avenues - Riyadh, a mixed-use development, with a total value…
Turkey's scrap import prices remained stable this week at USD 350-360 per ton CFR, despite weak steel demand, as restocking by Turkish steel producers provided support. Limited scrap collection during the winter also…
In January 2025, Pakistan's scrap imports saw a slight decline, falling by 4.99pct compared to the same month last year, according to data from the Pakistan Bureau of Statistics. The country imported a total of 213,818…
Pakistan's finished steel imports recorded a significant increase in January 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported a total of 334,190 tons of finished steel during…
Alghanim Industries, one of the largest privately owned companies in the MENA region, has begun construction on a new Kirby Building Systems manufacturing facility in Saudi Arabia. The plant, located in Sudair…
El Marakby Steel, a leading Egyptian manufacturer of deformed bars and wire rod, is enhancing its production capacity and competitiveness by upgrading its SMS minimill at the 6th of October site. In early 2023, SMS…
Harsco Environmental, a division of Enviri Corporation, has signed a contract with Izmir Demir Celik Sanayi A.S. (IDC) in Izmir, Turkey. Under the contract, Harsco Environmental will provide under-furnace digging…
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