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
BMS Birlesik (BMS Wire), a leading Turkish producer of galvanized steel wire, has announced that its solar power project has been approved by the Ministry of Energy and Natural Resources-TEDAS 14th Regional Directorate…
McDermott has opened a new welding and technology center of excellence for research, development, and qualification at the Oilfields Supply Center in Dubai's Jebel Ali Freezone. The facility spans 4,100 square meters of…
Roshn Group, Saudi Arabia's leading real estate developer and a Public Investment Fund (PIF) company, has officially broken ground on Al-Manar Community, its first fully-integrated residential development in Makkah…
Turkish steelmaker Kardemir Celik (Kar-Demir) has reduced energy consumption in billet production by 15-30pct using the Furnace Energy Saving System & Continuous Charging (FESCON) technology at its Aliaga meltshop…
Turkey's iron ore imports reached approximately 8.8 mln tons in the first ten months of 2024, marking a 22pct increase compared to the same period last year, according to the Turkish Statistical Institute (TUIK). Brazil…
Molan Steel Co. announced the acquisition of Mayar International Industry for SAR 34.88 mln (USD 9.28 mln) in a deal financed through internal resources. According to a statement to Tadawul, the agreement involves…
Chinese automaker SAIC Motor has signed a strategic technical cooperation agreement with Egypt's Mansour Group to produce and assemble MG-branded vehicles locally. The deal includes a land agreement with the General…
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a major contract from Kuwait Oil Company for the upgradation of gas and condensate network at East Kuwait Area-II. A…
Scrap import prices remained steady this week, assessed at USD 345-350 per ton CFR, as holiday-related slowdowns dampened buying activity. The Christmas and New Year holidays kept scrap trading quiet, with limited…
Turkish steelmaker Kardemir has announced its sales allocation plan for the first quarter of 2025. The company plans to reduce allocations for billets and rebar compared to the previous quarter, while increasing…
The Suez Canal Economic Zone (SCZONE) and Suez Steel Company have signed a preliminary agreement to develop and operate dry bulk handling facilities at Adabiya Port. Under the deal, SCZONE will grant Suez Steel a…
Saudi Arabia's Knowledge Economic City (KEC) has awarded a USD 62 mln contract to Alfaneyah Electromechanical Company for the Hilton Hotel Tower and Branded Residences Tower within the KEC Hub project. Located in the…
Saudi Arabia's Al Yamamah Steel Industries Co. has reported a remarkable financial turnaround, transitioning from a loss of SAR 130.14 mln in FY24, which ended on September 30, 2024, to a profit of SAR 70.8 mln (USD…
Turkey imported around 1.1 mln tons of pig iron in the first ten months of 2024, reflecting a 6.6pct decline compared to the same period in 2023, according to data from the Turkish Statistical Institute (TUIK). Russia…
Bahrain's Ministry of Housing and Urban Planning has announced that construction work has begun on 1,269 residential units as part of the third phase of the Sitra Housing Project. Spanning a 670,000 sq m area, the Phase…
Turkey's Ministry of Commerce has initiated an antidumping investigation into imports of cold-rolled, galvanized, and painted coils from China and South Korea, according to an announcement published in the Turkish…
Saudi Arabia's East Pipes Integrated Company for Industry has signed multiple supply contracts worth over SAR 57 mln (USD 15.1 mln), including VAT, with Saudi Real Estate Infrastructure Company (Binyah) and Al-Rashid…
Drydocks World has inaugurated its South Yard expansion, a 75,000 sqm advanced facility aimed at boosting fabrication capacity and strengthening its position in marine and offshore wind energy projects. The expansion…
Emirates Steel, part of the EMSTEEL group, has increased rebar prices for January production by AED 50 (USD 13) per ton. The revised prices are set at AED 2,660 (USD 724) per ton for deliveries to Abu Dhabi and AED…
UAE-based downstream steel processing firm Al Gurg Building Services has become the first in the country to receive formal approval under the Emirates Conformity Assessment Scheme (ECAS) and the Emirates Quality Mark…
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