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
Vale S.A. has signed a land reservation agreement with the Royal Commission of Jubail and Yanbu, Saudi Arabia, to establish a mega hub at Ras Al-Khair Industrial City. The project, set to be developed in two phases…
Pakistan's Large-Scale Manufacturing (LSM) sector contracted by 1.25pct YoY in the first five months of FY25 (July-November), according to data from the Pakistan Bureau of Statistics. LSM output decreased by 3.81pct in…
Indian pipe producer Welspun Corp has signed a Memorandum of Understanding (MoU) with Saudi Aramco for strategic cooperation to establish a state-of-the-art LSAW (Longitudinal Submerged Arc Welded) line pipe…
Turkey imported approximately 3.59 mln tons of slab in the first 11 months of 2024, marking a 40.4pct increase compared to the same period last year, according to the Turkish Statistical Institute (TUIK). Russia was the…
Meydan, part of Dubai Holding Real Estate, has awarded a USD 144 mln contract to Bhatia General Contracting Company for the construction of the Naya at District One project. Located in Mohammed Bin Rashid Al Maktoum…
Turkey imported 3.26 mln tons of billets from January to November 2024, marking a 12pct YoY increase, according to the Turkish Statistical Institute (TUIK). Russia was the top supplier during this period, providing…
Pakistan's federal government is likely to extend the 5pct and 10pct regulatory duties on flat steel products until March 31, 2025, to protect the local steel industry, according to sources close to the Secretary of…
Ezz Steel Company's board of directors has decided to buy shares from shareholders objecting to its voluntary delisting or unwilling to continue holding shares, offering EGP 138.15 (USD 2.73) per share, according to a…
Turkey's HRC imports totaled approximately 3.3 mln tons in the first 11 months of 2024, marking a 16pct decrease compared to the same period last year, according to the Turkish Statistical Institute (TUIK). In Jan-Nov…
NMDC Energy PJSC, a provider of engineering, procurement, and construction services for offshore and onshore energy clients, and a majority-owned subsidiary of NMDC Group PJSC, has opened an advanced fabrication yard in…
Saudi Arabia's View United Real Estate Development Company has secured a USD 43.7 mln contract to build a residential tower in the Al-Nakheel district on King Fahd Road in Riyadh. The agreement, signed with Shams…
Kardemir, one of Turkey's leading steel producers, has updated its pricing for steel sections. The company now offers IPE-NPU sections at USD 680-875 per ton EXW for sizes ranging from 180 to 600 mm, down slightly from…
Saudi Arabian flat steel producer, Universal Metal Coating Company (Unicoil) has selected Danieli Automation's DIGI&MET Automation as the primary supplier to enhance its coil yard management operations. The new handheld…
Diriyah Company, the mixed-use developer behind the transformation of Diriyah, The City of Earth, has awarded a US USD 202.2mln contract to China Harbour Engineering Company to undertake bulk excavation works in…
Turkey's scrap import prices fell this week to USD 340-345 per ton CFR, down from USD 345-350 per ton CFR last week, driven by weak steel demand. Turkish steel mills are seeking further price negotiations due to…
Turkish steel producer Kardemir has significantly lowered wire rod prices by USD 10 per ton compared to its price list on December 19, 2024. The updated price for 5.5 mm SAE 1006 grade wire rod is now USD 590 per ton…
Turkey's scrap imports totaled 18.18 mln tons, a 6.2 pct increase YoY in the first eleven months of 2024, according to the Turkish Statistical Institute (TUIK). In Jan-Nov 2024, Turkey imported 4.2 mln tons from the US…
Adnoc Gas, a leading integrated gas processing company, has awarded three enabling contracts worth USD 2.1 bln for an LNG pre-conditioning plant as well as compression facilities and transmission pipelines to supply…
Turkey's wire rod exports reached 792,635 tons in Jan-Nov 2024, marking a 29.5pct increase YoY, according to data from the Turkish Statistical Institute (TUIK). During this period, Romania was the top destination for…
Tenaris's industrial facility in Abu Dhabi, Etihad Tubulars, has successfully completed the latest edition of the API Q1 certification, covering both its threading facility and the Rig Direct service center…
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