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
CB&I, a leading provider of storage facilities, tanks, and terminals, has secured a substantial lump sum contract, valued between USD 250 mln and USD 500 mln, for a liquefied natural gas (LNG) project in Ruwais, Abu…
NMDC Energy has been awarded a USD 1.136 bln contract by Taiwan Power Company (Taipower) for the installation of subsea gas pipelines and onshore engineering, construction, and dredging works for the second-phase…
Turkish steel producer Kardemir has lowered its billet prices, according to its latest price list. The company's new price for S235JR grade billets is USD 500 per ton EXW, a decrease of USD 10 per ton from last month's…
Turkey exported around 3.1 mln tons of rebar in the first eleven months of 2024, a slight decrease of 0.5pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). During…
India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its Power Transmission & Distribution (PT&D) vertical has secured major orders - valued in the range of USD 292 mln to USD…
ArcelorMittal Tubular Products Al-Jubail (AMTPJ) has selected Danieli Automation DIGI&MET for new Manufacturing Execution System (MES) and Business Intelligence (BI) projects for its two seamless pipe plants…
To achieve net zero emissions by 2050, the Ministry of Transport, Communications, and Information Technology (MTCIT) plans to establish ship recycling and dismantling yards using advanced green technologies, Muscat…
Pakistan's rebar producer, Dost Steels Limited (DSL), has been unable to resume commercial operations this year due to insufficient working capital, according to a stock exchange filing. Despite ongoing efforts…
Bahrain's Ministry of Housing and Urban Planning has announced that work will start this month on 372 new residential units being developed as part of Phase I of Khalifa City project. The ministry has completed site…
Al Yamamah Steel Industries Co. has signed a contract with the Saudi EPC contractor, Trading & Development Partnership (TDP), to supply steel towers, the company announced in a stock exchange filing. The towers will be…
YC Inox TR Celik, the Turkish subsidiary of Taiwanese steelmaker YC Inox, has started production at its new stainless steel pipe plant in Dilovasi, Kocaeli, according to a local media report. The plant has an initial…
Dubai Municipality has announced that it has awarded contracts for Phase Two of Al Mamzar Beach Development Project coming up on a 125,000-sq-m area in the city. Work on Phase One began in June last year and now stands…
Turkey's scrap import prices held steady this week at USD 345-350 per ton CFR, reflecting muted buying activity due to sluggish steel demand. Turkish steel mills maintained a cautious stance, refraining from making…
Turkey's crude steel production increased by 11.2pct YoY (YoY) to 33.9 mln tons in the first 11 months of 2024, according to the Turkish Steel Producers' Association (TCUD). In November alone, production grew marginally…
Bahrain Tourism & Exhibition Authority (BTEA) is seeking qualified developers for setting up a major tourist attraction in Manama Harbour with a host of food and beverage (F&B), leisure and entertainment facilities…
Qatar has allocated a budget of nearly USD 56 bln for 2025, a 4.6pct increase from the previous year, aiming to boost economic growth and activities. Analysts at Verified Market Research expect this to drive growth in…
Morocco's leading flat steel producer, Maghreb Steel, reported a 10pct YoY increase in revenue for the first three quarters of 2024, driven by strong domestic sales. The company's sales revenue rose to MAD 3.854 bln…
The Misrata-based Libyan Iron and Steel Company (LISCO) has announced the shipment of 26,300 tons of Hot Briquetted Iron (HBI) to Italy. The consignment is being loaded at LISCO's port onto the vessel Sabeel Star, bound…
Qatar's Aamal Company Q.P.S.C., a leading diversified firm in the region, has announced that its board of directors has approved an increase in its stake in Frijns Structural Steel Middle East by acquiring an additional…
Saudi Iron and Steel Company (Hadeed) has kept its long steel prices unchanged for January deliveries. The price of rebar (12-32 mm) remains at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) holds steady at SAR…
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