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 scrap import prices continued to decline this week, reflecting ongoing challenges in the steel market. Prices are now assessed at USD 335-340 per ton CFR, down from USD 340-345 per ton CFR recorded last week…
Turkish construction firm Karmod has finished its steel-frame village housing project in Adiyaman, designed to support earthquake-affected areas. Karmod Sales Manager Ozay Kemal highlighted the speed and energy…
Naba Alsaha Medical Services Co. has awarded Siab Aluminum Factory a USD 2.73 mln contract (excluding VAT), according to a stock exchange filing. The contract involves the supply, installation, and testing of glass…
Public contracts awarded by Saudi Arabia jumped by nearly 47 pct in the first half of 2024 mainly due to a sharp rise in oil deals, according to an economic report. The value of the awarded contracts stood at around USD…
Turkish steel producer Kardemir has reduced its billet prices by USD 25 per ton, according to its latest price list. The updated price for S235JR grade billets is now USD 495 per ton EXW, while B420 grade billets are…
Ezz Steel's board of directors has appointed Hassan Ahmed Nouh as chairman, in addition to his role as managing director. Nouh succeeds the late chairman, Mamdouh El Rouby. In a stock exchange filing, Ezz Steel…
Ashry Steel is set to launch its new USD 30 mln galvanizing and lighting poles factory in Sixth of October City next month, according to Sales Manager Mohamed Ali Gad. Spanning 45,000 square meters, the facility is…
Pakistan's Descon Engineering, a leader in engineering, power, and chemical sectors, has announced the establishment of Descon Engineering Arabia in Saudi Arabia in partnership with Olayan Saudi Holding Company (OSHCO)…
Egypt's Ezz Steel announced that a transformer at Meltshop No. 2 of its subsidiary, Ezz Flat Steel Company in Suez, has suffered a significant malfunction, according to the company's stock exchange filing. The…
Turkey exported approximately 1.54 mln tons of welded steel pipes in the first nine months of 2024, a 9pct increase compared to the same period last year, according to data from the Turkish Statistical Institute (TUIK)…
Galfar Engineering and Contracting announced that it has been awarded the construction contract for dualisation of Adam-Thumrait road. The Letter of Award was issued by Ministry of Transport Communications and…
Four major contractors have submitted bid for the Busaiteen Link Package 4, with Haji Hassan Group, a major provider of construction and engineering services in the kingdom, having emerged as the lowest bidder with an…
Saudi Iron and Steel Company (Hadeed) has revealed its updated long steel prices for December deliveries. The price of rebar (12-32 mm) will rise by SAR 50 (USD 13) per ton, bringing it to SAR 2,400 (USD 639) per ton…
Turkey has introduced the Turkiye Industrial Decarbonisation Investment Platform (TIDIP) in Ankara, a major initiative to advance its net-zero goals. Spearheaded by the European Bank for Reconstruction and Development…
Turkey's statistical authority, TUIK, reported a 1.7pct increase in the construction sector confidence index for November 2024, rising to 87.8. The retail trade sector also saw a 0.9pct rise in its confidence index…
Chinese construction and engineering giant Gezhouba Group has won a major civil engineering contract for Morocco's high-speed rail line (LGV) between Kenitra and Marrakech. The USD 225 mln contract, which is the 9th…
Emirates Steel, part of the EMSTEEL group, has raised rebar prices for December production by AED 50 (USD 14) per ton. The updated prices are AED 2,610 (USD 711) per ton delivered to Abu Dhabi and AED 2,618 (USD 713)…
Turkey imported approximately 951,000 tons of pig iron during the first nine months of 2024, marking a 7pct decline compared to the same period in 2023, according to data from the Turkish Statistical Institute (TUIK)…
Iran exported iron ore pellets valued at USD 513 mln during the first seven months of the current Iranian calendar year (March 20-October 21), according to the Iranian Steel Producers Association (ISPA). This marks a…
Ajeej Steel Manufacturing Co., a subsidiary of National Building and Marketing Co., has renewed a Shariah-compliant credit facility agreement with Al Rajhi Bank valued at SAR 127 mln (USD 33.8 mln), the company…
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