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
Chinese steelmaker XinFeng plans to invest USD 1.65 bln in an integrated industrial complex within the Sokhna Industrial Zone under the Suez Canal Economic Zone (SCZONE), according to the Ministry of Trade and…
Iran produced 20.4 mln tons of semi-finished steel from March 20 to November 21, 2024, according to the Iranian Steel Producers Association. This included 13.28 mln tons of billet and bloom and 8.058 mln tons of slab…
Qatar's Minister of Transport, Sheikh Mohammed bin Abdullah bin Mohammed Al-Thani, has laid the foundation for an electric bus assembly plant at the Umm Al Houl Free Zone. The project is a collaboration between…
Turkey's CRC imports totaled approximately 630,000 tons in the first ten months of 2024, marking a 19pct decline compared to the same period in 2023, according to data from the Turkish Statistical Institute (TUIK)…
Turkish steel producer Cemtas Celik has announced plans to strengthen its export activities in Europe by opening a new branch office in Germany. The decision was approved by the company's board of directors. According…
Turkish manufacturer Karmod has announced the export of stainless steel water storage tanks with a combined capacity of 220,000 liters to Iraq. The shipment included 22 tanks, each with a capacity of 10,000 liters…
DP World's Drydocks World, in partnership with GE Vernova, has secured a contract from 50Hertz to build and install Ostwind 4, a 2 GW offshore wind grid connection designed to power nearly two mln German households. The…
Turkey's scrap import prices surged this week, driven by firm domestic rebar demand and limited scrap supply. Prices were assessed at USD 345-350 per ton CFR, up from USD 335-340 per ton CFR last week. A recent accident…
Turkish steel producer Kardemir has raised its billet prices by USD 5 per ton, as per its latest price list. The updated price for S235JR grade billets is now USD 500 per ton EXW, while B420 grade billets are priced at…
Colakoglu Metalurji A.S. has placed an order with ABB for an ArcSave electromagnetic stirrer (EMS) to be installed on one of the world's largest electric arc furnaces (EAF). This project marks a significant step forward…
Emirates Building Systems (EBS), a subsidiary of Dubai Investments and a leading steel structure manufacturer in the Middle East, has secured a new contract in Dubai, the company announced in a statement. EBS will…
Saudi Water Partnerships Company (SWPC) has announced that a consortium led by Saudi utility developer Acwa Power with key partners - Haji Abdullah Alireza & Partners Company and AlSharif Contracting and Commercial…
Turkey's imports of billets and blooms increased by over 5pct YoY in the first ten months of 2024, according to data from the Turkish Statistical Institute (TUIK). During the January-October period, Turkey imported 2.8…
Emirates Steel, part of EMSTEEL Group, and Modon have signed an MoU establishing Modon as the first developer in the UAE to use low-carbon steel. This collaboration aligns with the UAE's Net-Zero 2050 Strategy, aiming…
The UAE and the Eurasian Economic Union (EAEU) have successfully concluded negotiations for a comprehensive Economic Partnership Agreement (EPA) to boost trade between the UAE and the five EAEU members: Armenia…
Sweid & Sweid has awarded the construction contract for Sweid One, its USD 199 mln Grade-A office development in Jumeirah Lakes Towers (JLT), Dubai, to Dutco Construction. The project, which will provide 500,000 square…
TotalEnergies, in partnership with OQ Alternative Energy (OQAE), has signed agreements to develop 300 MW of renewable energy projects in Oman. The electricity generated will be supplied through long-term Power Purchase…
Turkish steelmaker Kardemir has reduced its rebar prices in its latest update. The company is now offering 12-32 mm rebar at TRY 19,850 (USD 570) per ton EXW, down from the previous price of TRY 20,415 (USD 591) per ton…
UAE-based steel producer Al Ghurair Iron & Steel (AGIS) has successfully launched the SAP S/4HANA Cloud ERP system, streamlining all critical business processes, the company announced via social media. AGIS is the first…
Riyadh Development Company (ARDCO) signed a strategic partnership with Agility Logistics Parks to develop a logistics complex in Al Remal District in Riyadh at the cost of USD 60.4 mln. The project covers an area of…
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