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
Turkey's rebar exports fell by 1.6pct YoY to 2.76 mln tons in the first ten months of 2024, according to data from the Turkish Statistical Institute (TUIK). During the January-October period, Yemen was the largest…
Watani Iron Steel Co. (Watani Steel) has renewed a Shariah-compliant bank facility agreement worth SAR 70.5 mln (USD 18.7 mln) with Bank Albilad, according to a stock exchange filing. The financing, backed by a…
Nigeria and Saudi Arabia have initiated discussions to develop Nigeria's iron ore and steel industry, according to Nigerian media reports. During the Resourcing Tomorrow event at the Mines and Money expo in London…
UAE-based AARK Developers has appointed Atlas Foundations Co. LLC as the enabling contractor for Sora Beach Residences, their flagship beachfront project on Al Marjan Island, Ras Al Khaimah (RAK). Atlas Foundations…
Turkey's wire rod exports totaled approximately 766,000 tons in the first ten months of 2024, marking a significant 47pct YoY increase, according to the Turkish Statistical Institute (TUIK). Romania was the largest…
Ezz Steel has announced its decision to voluntarily delist from the Egyptian Stock Exchange (EGX). The decision, approved during a board meeting on December 7, 2024, was disclosed in a filing to the EGX. The delisting…
Al Yamamah Steel Industries won a steel towers supply order worth around USD 25 mln, the company announced in a stock exchange filing. The company said that it signed a contract to supply steel towers with National…
Iran exported USD 3.643 bln worth of steel products in the first seven months of the current Iranian calendar year (March 20-October 21), marking a 14pct decline from USD 4.255 bln in the same period last year…
Turkey's scrap import prices remained steady this week, assessed at USD 335-340 per ton CFR, as subdued buying activity reflected a stalemate between buyers and sellers. Turkish steel mills lowered their bids due to…
The Canada Border Services Agency (CBSA) has launched an investigation under the Special Import Measures Act, focusing on corrosion-resistant steel imports from the Turkish steel producer Borcelik. The investigation…
Cemas Dokum, part of Isiklar Holding, is advancing its sustainability and efficiency-focused growth strategy. The company has doubled its metal casting capacity to 50,000 tons per year and aims to meet 60pct of its…
Nissan Motor Egypt has signed a USD 45 mln contract to produce a third model, sourcing over 45pct of its components locally, as announced by the Egyptian cabinet. This aligns with Egypt's strategy to boost local content…
Turkey imported 16.4 mln tons of scrap in the first ten months of 2024, marking a 5.5pct YoY increase, according to the Turkish Statistical Institute (TUIK). The US remained Turkey's largest scrap supplier during this…
Amid global challenges in the steel industry, Turkish steelmakers are aiming to boost their capacity utilization from the current 62.6pct to 70pct next year, according to Veysel Yayan, General Secretary of the Turkish…
Conares, the UAE's second-largest private steel manufacturer, has obtained the AFCAB conformity certification from France for its rebar products, the company announced. "Achieving AFCAB conformity for our rebars enables…
Leading Bahraini developer Naseej has appointed Bokhowa Contracting & Trading Group as the main contractor for the construction of its Nasayim Arad Smart project located within the Governorate of Muharraq. A key…
Turkey's crude steel production rose by 12.4pct YoY to 30.9 mln tons in the first ten months of 2024, according to the Turkish Steel Producers' Association (TCUD). In October 2024, production grew slightly by 0.7pct YoY…
Riyadh Steel, Saudi Arabia's steel producer, announced in a stock exchange filing that its board of directors has accepted the resignation of CEO Ahmed bin Abdulkarim Al-Nafea. The filing also confirmed that Al-Nafea's…
Al-Babtain Power and Telecommunication Co. has announced the signing of a SAR 777 mln (USD 207 mln) contract with Hyundai Engineering & Construction Co., Ltd. to supply steel towers for a 500kV HVDC overhead…
Aramco has signed a shareholders' agreement with Linde and SLB to develop one of the world's largest Carbon Capture and Storage (CCS) hubs. Under the agreement, Aramco will hold a 60pct stake, with Linde and SLB each…
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