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
Pakistan's International Steels Limited (ISL) reported a sharp decline in profit for the first half of FY25, which ended on December 31, 2024, according to its interim financial statement. The company posted a post-tax…
Vale's iron ore pellet production in Oman declined by 0.9pct YoY in 2024, with output totaling 9.195 mln tons, down from 9.283 mln tons in 2023. In the fourth quarter of 2024, the company produced 2.68 mln tons of iron…
Egypt's Ezz Steel has received shareholder approval to voluntarily delist from the Egyptian Exchange (EGX), according to a stock exchange filing. The company will buy shares from dissenting or unwilling shareholders…
The total value of contracts awarded in the Gulf Cooperation Council (GCC) reached a new high of USD 273.2 bln in 2024, an increase of 9.6 pct, compared to USD 249.4 bln in 2023, according to Kamco Invest Research. The…
Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been…
US-based Gordon Brothers has been named the exclusive selling agent for a never-utilized flat and long steel production plant in Dammam, Saudi Arabia. The plant, owned by one of GCC's leading steel manufacturers…
The Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund (PIF), has awarded Naz Steel Industries a contract to design, supply, fabricate, and erect pre-engineered buildings for three…
Jindal Shadeed Iron and Steel (JSIS) hosted an exclusive event at its Liwa facility in North Al Batinah to promote steel slag as a sustainable solution for commercial construction. Aligned with Oman Vision 2040's focus…
In 2024, Pakistan experienced a modest recovery in annual scrap imports, though volumes remained relatively low, according to data from the Pakistan Bureau of Statistics. The country imported 2.66 mln tons of scrap…
In 2024, Pakistan's finished steel imports rebounded from an 8-year low in 2023, according to data from the Pakistan Bureau of Statistics (PBS). The country imported 2.93 mln tons of finished steel last year, a 17.6pct…
SEE Holding, the parent company of The Sustainable City brand, has signed a Memorandum of Understanding (MoU) with Arabian Gulf Steel Industries (AGSI) to advance sustainable construction practices in the region. The…
Masdar, the UAE's leader in clean energy, has announced its preferred suppliers and contractors for the world's first large-scale, round-the-clock gigascale project. This project, which will combine solar PV and battery…
Crude steel production in the Middle East rose slightly by 0.5pct YoY to 54.1 mln tons, but December output dropped by 4.5pct YoY to 4.6 mln tons, primarily due to lower Iranian production, according to the World Steel…
Turkish steelmaker Koc Metalurji has taken a significant step in expanding its production capacity by signing a USD 4.84 mln contract, including VAT, with Turkey-based BVS Bulbuloglu Vinc Sanayi ve Ticaret A.S. The…
Meraas, part of Dubai Holding Real Estate, one of Dubai's largest integrated master developers, has awarded a construction contract worth over USD 272 mln to China State Construction Engineering Corporation (Middle…
Taraf, the real estate division of UAE-based investment holding group Yas Holding, has started the groundbreaking for the W Residences Abu Dhabi - Al Maryah Island, marking the debut of W Hotels-branded residences in…
Turkey's scrap import prices climbed this week, driven by fresh bookings from Turkish steel mills. Prices were assessed at USD 330-340 per ton CFR, up from USD 325-335 per ton CFR last week. The rise was supported by…
Turkish steelmaker Tosyali Holding AS is pursuing the acquisition of a European producer to bolster its green steel operations, while advancing multi-bln-dollar projects in Saudi Arabia and Africa, Bloomberg reported…
Mescier Demir Celik, an electric arc furnace (EAF) steelmaker based in Bartin, Turkey, plans to construct a 30 MW solar power plant in the Esme district of Usak. The project aims to reduce energy costs and carbon…
Etihad Rail, the developer and operator of the UAE's national railway network, has announced the launch of a new high-speed train linking Dubai and Abu Dhabi. The train will reduce travel time between the two cities to…
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