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 Yamamah Steel Industries Co. has signed a contract with the Branch of National Power Construction Corporation Limited (NPCC) to supply steel towers, the company announced in a stock exchange filing. The towers will…
Premier Marine Engineering Services has delivered its first UAE-built cargo barge, ADNOC B20, to ADNOC Logistics & Services (ADNOC L&S), marking a milestone for the country's shipbuilding industry. This delivery is part…
Turkish steelmaker Kardemir has lowered its rebar and wire rod prices in response to weak domestic steel demand. The company now offers 12-32 mm rebar at TRY 19,875 (USD 548) per ton EXW, down from TRY 20,415 (USD 567)…
Turkey's wire rod exports reached 919,900 tons in 2024, up 27pct YoY, according to the Turkish Statistical Institute (TUIK). Romania was the largest buyer, importing around 310,500 tons, followed by Bulgaria with 81,650…
Ashry Steel Group has commenced operations at its new facility, Galfa Engineering Industries Factory, specializing in lighting poles and structural steel towers. The launch aligns with the company's strategy to…
Hyundai Engineering & Construction has secured a USD 389 mln contract from the Saudi Electricity Company to build 380kV transmission lines supporting solar power generation. The projects include two transmission…
Turkey's Kardemir has ordered a five-strand combi-continuous caster from SMS Concast, a subsidiary of SMS group, to upgrade production at its Karabuk steel plant. The new facility is set to begin operations by late…
Three Emirati steel firms have filed a petition with the Bombay High Court in India, alleging illegal imports of steel scrap from the UAE, according to Indian media reports. Shattaf Steel Ind Co LLC, Emirates Steel LLC…
Al-Babtain Power and Telecommunication Co. has signed a SAR 390 mln (USD 104 mln) contract with Larsen & Toubro (L&T) Saudi Arabia to supply steel towers for overhead transmission lines, according to a stock exchange…
Minister of Education and Technical Education of the Arab Republic of Egypt, Abdel Latif, and Minister of Education and Merit of the Italian Republic , Giuseppe Valditara, exchanged letters of intent in Cairo to create…
Turkey's leading steel producer, Erdemir Group, reported a net profit of TRY 14.19 bln (USD 391.6 mln) in 2024, more than tripling from TRY 4.32 bln in 2023. Sales revenue also saw strong growth, rising to TRY 204 bln…
EMSTEEL, one of the GCC's largest publicly traded steel and building materials manufacturers, has announced a decarbonization strategy targeting a 40 pct reduction in greenhouse gas emissions in its Steel Business Unit…
The Pakistan Collectorate of Customs (Appraisement) has authorized the import of iron scrap via the Bazarcha Terminal at the Pakistan-Iran border, according to Dawn News. A public notice issued by Kaleem Ullah, the…
Roshn Group, Saudi Arabia's leading multi-asset real estate developer and a PIF company, has announced new agreements worth SAR 1.5 bln (USD 400 mln) for construction, infrastructure, and retail development at Sedra…
Turkey's scrap import prices rose further this week, but the increase dampened buying interest from local steel mills due to weak demand for finished steel. Scrap prices were assessed at USD 350-360 per ton CFR, up from…
Turkish steel producer Kardemir has raised its billet prices, according to its latest price list. The price for S235JR grade billets has been set at USD 490 per ton EXW, reflecting a USD 10 per ton increase from the…
Jordan's Arabian Steel Pipes Manufacturing reported a 22.6pct YoY increase in profit for 2024, according to its annual financial statement. The company recorded a profit of JOD 1.53 mln (USD 2.16 mln), up from JOD 1.25…
Jebel Ali Free Zone (JAFZA) has signed an agreement with Germany's Allied Heat Exchange AG (A-HEAT) to establish the GCC's largest heat exchanger production facility. Spanning 1.2 mln square feet with a built-up area of…
Turkey's HRC imports reached approximately 3.6 mln tons in 2024, down 12.5pct from the previous year, according to the Turkish Statistical Institute (TUIK). China remained Turkey's top HRC supplier, delivering about…
Turkey has lifted trade and transit restrictions at its border with Syria, the trade ministry announced, marking a step toward expanding trade following the fall of Syrian leader Bashar al-Assad. Goods exported…
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