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
Hafeet Rail has signed a commercial agreement with EMSTEEL to transport and export aggregate materials between Oman and the UAE. It has also awarded construction contracts for key railway facilities in Oman to Larsen &…
Saudi Water Partnership Company (SWPC) has signed agreements worth USD 693 mln for the Ras Mohaisen Independent Water Plant in Al Qunfudhah, Makkah region. The desalination plant, with a capacity of 300,000 cu m/day…
Turkey's crude steel production rose 9.4pct in 2024 to 36.9 mln tons, according to the Turkish Steel Producers' Association (TCUD), maintaining its position as the world's 8th largest producer. However, output in…
Turkey's Steel Exporters' Association (CIB) Chairman, Adnan Aslan, stated that Turkey could export up to 2 mln tons of steel to Syria as post-war reconstruction boosts demand. Currently, shipments remain at 200,000…
Khansaheb Civil Engineering has been selected as the main contractor for the Phase One expansion of the Dubai Exhibition Centre (DEC) at Expo City Dubai, the company announced on social media. Site work is progressing…
Turkish steelmaker Kardemir has raised its rebar and wire rod prices, reflecting the recent uptrend in scrap prices. The company now offers 12-32 mm rebar at TRY 20,415 (USD 567) per ton EXW, up from TRY 19,460 (USD…
ADQ, a global sovereign investor focused on infrastructure and supply chains, has partnered with Orion Resource Partners, a leading metals and materials investment firm, to launch a 50-50 joint venture in Abu Dhabi. The…
Dar Global, the real estate developer, has awarded the enabling works contract for the Trump Tower Jeddah to Specialized Italian Foundation Co. Ltd. (SIFCO), according to a company statement. SIFCO, a 100pct Saudi…
Turkish special steel bar producer Hascelik is preparing to launch its new electric arc furnace (EAF)-based steel mill in April, a move aimed at reducing its carbon footprint. Hascelik Board Chairman Adnan Naci…
Pakistan's Federal Board of Revenue (FBR) has extended the regulatory duty on certain flat steel imports until March 31, 2025, to support the local steel industry. The decision follows recommendations from the Tariff…
The Libyan Iron and Steel Company (LISCO) has announced the continuation of its exports to international markets. The company recently began shipping 8,000 tons of rebar aboard the vessel SNAPPER, destined for Lebanon…
India's Larsen & Toubro (L&T) announced that its Minerals & Metals (M&M) business has secured a contract to build a pellet plant and a direct reduction iron (DRI) plant in the Middle East & North Africa (MENA) region…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices for the domestic market for the fifth consecutive month. The company's rebar price remains at EGP 38,200 (USD 759) per ton EXW…
Turkish steel producer Kardemir has signed a new rail supply contract, according to a stock exchange filing. The company will provide 15,000 tons of 60E2 and R260 grade rails for the Ankara-Izmir high-speed railway…
Pakistan's Crescent Steel and Allied Products Limited reported a steep drop in profitability for the fiscal year ending December 30, 2024. The company's net profit fell to PKR 14.54 mln (USD 51,960) in the first half of…
Abu Dhabi Ports Group has partnered with MAG Group Holding to develop the first phase of Marsa Zayed, a beachfront resort and residential community on the Red Sea in Aqaba, Jordan. Marsa Zayed is a transformative…
Turkey's scrap import prices rose this week, driven by supply disruptions due to winter conditions and increased restocking demand. Prices were assessed at 340-350 per ton CFR, up from 330-340 per ton CFR last week. The…
Turkish steelmaker Tosyali Holding plans to invest nearly 1 bln dollars to install 1.2 GW of solar power capacity for self-consumption across eight provinces, expanding its renewable energy use. The company has signed…
Pakistan's Ministry of Industries and Production informed the parliamentary standing committee that a team of Russian experts is evaluating the revival of Pakistan Steel Mills (PSM), with a final decision expected by…
Sumou Real Estate Company has signed two contracts with Saudi Railway Company for the development of commercial projects, valued at USD 17.15 mln, according to a stock exchange filing. The first contract involves the…
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