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
VIS Credit Rating Company Limited has reaffirmed the entity ratings of Aisha Steel Mills Limited (ASML) at 'BBB+/A2' (Triple B Plus/A Two). The long-term rating of 'BBB+' reflects adequate credit quality with reasonable…
Chinese group Shandong Electric Power Construction (Sepco) has announced that it has secured a contract for the construction of a 300MW photovoltaic power station located in Rabigh, Saudi Arabia. Early this month, a…
Combined Group Contracting Company (CGCC) has been awarded a contract for pipeline servicing in the oil-rich Neutral Zone that is shared by Saudi Arabia and Kuwait. In a Kuwait bourse statement, CGCC said the project…
Crude steel production in the Middle East rose by 1.4pct YoY to 49.2 mln tons during the first eleven months of 2024, according to the World Steel Association. In November alone, the region recorded a 2.7pct YoY…
Crescent Steel and Allied Products Limited has been awarded a PKR 1.5 bln (USD 5.38 mln) contract, excluding sales tax, for the supply of 40-inch diameter coated steel line pipes. The company disclosed the development…
The Canada Border Services Agency (CBSA) has announced the final determination in its anti-dumping (AD) investigation concerning rebar imports from the UAE, Bulgaria, and Thailand. In its findings, the CBSA assigned…
Union Properties, a prominent UAE developer, has officially launched construction on its USD 544 mln mixed-use project, Takaya, located in Dubai's Motor City. Spanning 436,175 square feet, the development will feature…
Scrap import prices remained stable this week, assessed at USD 345-350 per ton CFR. Sellers maintained firm pricing, citing reduced scrap collection during the winter season, while Turkish steel mills exercised caution…
Turkey exported nearly 1.7 mln tons of welded steel pipes in the first ten months of 2024, marking an 8pct increase compared to the same period last year, according to the Turkish Statistical Institute (TUIK). In…
Turkish modular construction company Karmod has launched the fourth phase of its steel housing project in Dijon, France, according to a statement. Ziya Yanik, Karmod's foreign trade manager, highlighted the company's…
Bahraini authorities have announced that work has begun on the Isa Town Gate Interchange Project, located north of the Isa Town Gate Junction. The Tender Board had awarded the project to a consortium of Al Ghanim…
Turkish steel producer Kardemir has significantly lowered wire rod prices by USD 35 per ton compared to its November 13, 2024, price list. The updated price for 5.5 mm SAE 1006 grade wire rod is now USD 600 per ton EXW…
Suez Canal Bank has signed a cooperation agreement to provide Ashry Steel Group with EGP 2.35 bln (USD 46.1 mln) in credit facilities. The funding will support the group's working capital needs, enabling its expansion…
Saudi Arabia's Neom has entered a joint venture with Samsung C&T Corporation, supported by the Neom Investment Fund (NIF), to invest over SAR 1.3 bln (USD 345.7 mln) in construction robotics. The partnership focuses on…
Dubai's Roads and Transport Authority (RTA) has awarded the AED 20.5 bln (USD 5.58 bln) Dubai Metro Blue Line contract to a consortium of MAPA, LIMAK, and CRRC. The project, spanning 30 kilometers and 14 stations, will…
Pakistan's scrap imports fell by 12.5pct YoY in November 2024, according to data from the Pakistan Bureau of Statistics. The country imported 219,765 tons of scrap during the month, compared to 251,342 tons in November…
Pakistan's finished steel imports dropped by 18.25pct YoY in November 2024, according to the Pakistan Bureau of Statistics. The country imported 247,053 tons of finished steel during the month, down from 302,201 tons in…
UAE-based Ellington Properties has selected Aroma International Building Contracting as the main contractor for The Sanctuary, its first villa community in Mohammed Bin Rashid City (MBR City), a planned mixed-use…
AD Ports Group has appointed Hassan Allam Construction, a subsidiary of Hassan Allam Holding, to build the infrastructure for Noatum Ports - Safaga Terminal on Egypt's Red Sea coast. This will be the first…
Egypt's iron and steel exports declined by 13pct YoY (YoY) from January to October 2024, totaling USD 1.695 bln, down from USD 1.942 bln in the same period last year. A report by the Export Council for Building…
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