Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,417 news items in ME Steel News. Show all
India's MAN Industries (India) has been included in QatarEnergy's Preferred Manufacturers List (PML) for carbon steel LSAW pipes, coating and bends, making the company eligible to bid for large-diameter pipe…
Turkey's Kardemir posted a consolidated net profit of TRY 5.98 bln (USD 124.7 mln) in January-June 2026, compared with a net loss of TRY 335.8 mln in the same period last year, while EBITDA rose 49.4pct YoY to TRY 4.75…
Qatar Steel, the steel subsidiary of Industries Qatar, reported a 39pct YoY increase in net profit to QAR 367 mln (USD 100.8 mln) in H1 2026, supported by higher average selling prices and lower operating costs despite…
Egyptian steel mills are sharply reducing production as weak sales weigh on the domestic market, with some plants temporarily suspending operations, according to local media reports. Hassan El-Marakby, chairman of El…
Egypt's Iron and Steel for Mines and Quarries (ISMQ) reported a 42.9pct YoY decline in net profit after tax to EGP 398.3 mln (USD 7.9 mln) in H1 2026, from EGP 698.0 mln (USD 13.9 mln) a year earlier. The company's…
Steel import sourcing shifted towards regional suppliers during the second quarter of 2026, as geopolitical tensions and disruptions to maritime logistics altered supply patterns across the Gulf. Imports of…
Turkey-based Borusan Pipe's US subsidiary, Borusan Berg Pipe, has secured new sales orders worth approximately USD 360 mln following commercial negotiations with customers in the US market. The company expects the…
Morocco's steel demand is expected to rise by 7-8pct in 2026 to 2.75-2.82 mln tons, before exceeding 3 mln tons for the first time in 2027, according to local news reports. Growth is expected to be driven by…
Turkey's imported scrap market saw some trading activity this week, but Turkish steel mills remained cautious amid weak finished steel demand and limited margins. MESTEEL assessed HMS 1&2 (80:20) at USD 375 per ton CFR…
Turkey exported approximately 528,600 tons of wire rod in the first half of 2026, broadly unchanged from the same period last year, according to data from the Turkish Statistical Institute (TUIK). Romania remained the…
Turkish long steel producer, Ekinciler Demir ve Celik Sanayi A.S. increased its revenue by 28.2pct YoY to TRY 11.8 bln (USD 246.8 mln) in the first half of 2026, while net profit declined 1.9pct to TRY 323.4 mln (USD…
Tosyali Algerie's DRI II plant produced 248,601 tons in May 2026, setting the highest-ever monthly production recorded by a single Midrex DRI plant, according to the company. The company's average productivity reached…
Saudi Arabian steel producer Riyadh Steel Co. reported a 145.8pct YoY increase in net profit to SAR 6.03 mln (USD 1.61 mln) in the first half of 2026. Revenue declined 15pct YoY to SAR 70.1 mln (USD 18.7 mln), mainly…
Saudi Arabia's Advanced Building Industries Co. (SENAAT) reported a 45.7pct YoY increase in net profit to SAR 54.2 mln (USD 14.4 mln) in the first half of 2026. Revenue declined 7.1pct YoY to SAR 2.77 bln (USD 737.6…
UAE's EMSTEEL Group, one of the region's largest publicly traded steel and building materials manufacturers, has supplied locally manufactured rebar and more than 80,000 tons of cement for the Etihad Rail passenger…
Algeria's National Iron and Steel Company (SNS) and China's Baowu Group are exploring a strategic partnership to establish an integrated complex for the production of low-carbon direct reduced iron (DRI) and green steel…
Turkey's HRC imports declined 7.5pct YoY to 1.73 mln tons during the first half of 2026, according to data from the Turkish Statistical Institute (TUIK). Russia remained Turkey's largest HRC supplier during…
Turkish special steel producer Cemtas Celik reported a net loss of TRY 172.6 mln (USD 3.6 mln) in the first half of 2026, compared with a net profit of TRY 19.9 mln in the same period of 2025. The company's net sales…
The US Department of Commerce (DOC) has issued final affirmative determinations in its antidumping (AD) and countervailing duty (CVD) investigations covering imports of steel rebar from Egypt. In the AD investigation…
Turkish pipe producer Borusan Pipe reported stronger financial results in the first half of 2026, supported by higher project deliveries, improved operational efficiency and disciplined cost management. Sales volume…
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