Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,433 news items in ME Steel News. Show all
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…
International Maritime Industries (IMI), the largest maritime facility in the MENA region, has signed an agreement with ARO Drilling to construct a new offshore jack-up rig, KINGDOM 3. This deal strengthens the…
The Public Investment Fund (PIF) has acquired a 30pct stake in Masdar for Building Materials Company (Masdar) by subscribing to newly issued shares through a capital increase. PIF's investment will help Masdar enhance…
UAE-based EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for 2024. The company reported revenues of AED 8.3…
Turkey's rebar exports reached 3.43 mln tons in 2024, remaining largely stable compared to 3.39 mln tons in 2023, according to data from the Turkish Statistical Institute (TUIK). Yemen was the top importer of Turkish…
Saudi Arabia's East Pipes Integrated Company for Industry has signed multiple contracts to establish a new production line for Helical Submerged Arc Welded (HSAW) pipes at its factory in Dammam 2nd Industrial City, the…
Saudi Arabia will award more than 25 new projects this month and nearly half of them cover infrastructure, housing and industry, according to a local report. The Gulf Kingdom, which has been locked in a massive…
Qatar Steel and Bahrain Steel have signed a USD 1.266 bln agreement to supply five mln tons of steelmaking raw materials over five years, Qatar's Ministry of Commerce and Industry announced. The partnership ensures a…
Saudi Steel Pipe Company (SSP) announced that its subsidiary, Global Pipe Company (GPC), has secured a contract worth approximately SAR 910 mln (USD 242.5 mln) to supply LSAW pipes for Saudi Aramco's Accelerated Carbon…
China Harbour Engineering Company (CHEC) has officially begun operations at its modular building factory for the Sedra housing project in Riyadh, Saudi Arabia. Spanning 200,000 square meters, the facility will produce…
French construction firm Colas has secured three contracts worth a total of EUR430 mln (USD 444 mln) to expand Morocco's high-speed rail network between Kenitra and Marrakech, the company announced. Awarded by Morocco's…
Turkey imported 20 mln tons of scrap in 2024, a 6.7pct YoY increase, according to the Turkish Statistical Institute (TUIK). The U.S. remained Turkey's top scrap supplier, delivering around 4.5 mln tons. The Netherlands…
Saudi Arabia's Al Yamamah Steel Industries Co. reported a sharp decline in net profit for Q1 FY25, which ended on December 31, 2024, according to its interim financial results. Net profit plunged 84.4pct year-on-year to…
Tenaris's Abu Dhabi facility has been certified as an Industry 4.0 Digital Leader by the UAE's Ministry of Industry and Advanced Technology (MoIAT). The certification highlights the company's commitment to advanced…
Iraq has awarded a new city project comprising nearly 120,000 houses to two Egyptian and Chinese companies along with a local partner. Egypt's Mountain View Company and China Railway will build Palm City in the Southern…
Turkey's scrap import prices continued to rise this week as Turkish steel mills booked new cargoes at higher rates. Prices were assessed at USD 345-355 per ton CFR, up from USD 340-350 per ton CFR last week. The…
Turkish steel exports rose 27.6pct in 2024 from the previous year, reaching 13.4 mln tons, driven by strong demand from the European Union. Shipments to the EU surged 64.6pct YoY to 5.9 mln tons, according to the…
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