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
Al Seer Marine, a subsidiary of International Holding Company (IHC), and Damen International, part of the globally renowned Damen Shipyards Group, have expanded their joint venture, Dune, to include commercial…
China's Century Steel Mill has threatened to withdraw from its steel project in the Rashakai Special Economic Zone (SEZ), citing significant challenges, according to local media reports. The Rashakai SEZ, a flagship…
Turkey imported approximately 2.13 mln tons of semi-finished steel, billet, and bloom in the first nine months of 2024, marking a nearly 17pct decline from the same period last year, according to the Turkish Statistical…
Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the UAE's largest operator of integrated economic zones, has signed a 50-year land lease agreement with Pipetec Solutions Manufacturing to establish a state-of-the-art…
Hyundai Engineering & Construction (Hyundai E&C) has secured a major contract to build an ultra-high-voltage transmission network in Saudi Arabia. The company signed a USD 725 mln agreement with Saudi Electricity Co…
Shinas Port has signed an agreement with Zuhoor Al Khaleej Company to build fuel tanks and manage supply and storage services at the port, according to the Oman News Agency. The deal, valued at USD 66.2 mln, includes…
Turkish steel producer Kardemir has reduced wire rod prices by USD 10 per ton as compared to the prices announced on October 23, 2024, according to its latest price list. The company's new price for 5.5 mm SAE 1006…
Turkey's HRC imports totaled approximately 2.66 mln tons in the first nine months of 2024, a decline of 21pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). China was…
Fauji Foundation has officially withdrawn its Public Announcement of Intention (PAI) to acquire a controlling stake in Agha Steel Industries Limited, as confirmed by Integrated Equities Limited, the offer manager, in a…
Saudi Arabia's Zamil Steel, a subsidiary of Zamil Industrial, plans to establish a new heavy metal structures factory in Egypt, according to Zamil Steel Egypt General Manager Khaled Saad. The facility, to be located in…
Local and regional steel producers, including Emirates Steel, Union Iron & Steel, Qatar Steel FZE, and Oman's Jindal Shadeed, have recently obtained Emirates Conformity Assessment Scheme (ECAS) certification in line…
Turkey's Tosyali Toyo Celik, a joint venture between Tosyali and Japanese steel firm Toyo Kohan, is investing USD 200 mln to expand production capacity at its Osmaniye plant, according to local media reports. Board…
The investment arm of Abu Dhabi's sovereign wealth fund, Mubadala Capital, is exploring the sale of a Brazilian iron ore port terminal operator. The Rio de Janeiro-based port may be sold alongside the company's iron ore…
The Saudi and UAE construction markets remain among the strongest globally, driven by solid workloads and positive sentiment, according to RICS' Q3 2024 Global Construction Monitor. The UAE's Construction Sentiment…
Turkey's HRC exports reached approximately 1.84 mln tons in the first nine months of 2024, surging by 134pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). From January to…
Turkish steel producer Borcelik has chosen international technology group Andritz to supply a combi-line furnace for a new continuous galvanizing and annealing line dedicated to automotive-grade materials. The line…
The Egyptian Ministry of Investment and Foreign Trade has initiated an anti-dumping investigation into imports of cold-rolled and coated steel products from Turkey and China. The investigation was launched in response…
Knauf Egypt, a leader in modern construction systems, has formed a strategic partnership with Hassan Allam Construction, one of the Middle East's largest construction firms. The partnership aims to advance the…
Kuwait's Public Authority for Housing Welfare (PAHW) has awarded contracts for the construction of a total of 3,345 residential units as part of its Jahra City affordable housing project. In addition, it will implement…
Turkey's scrap import prices edged up slightly, fluctuating within a narrow range as suppliers held firm on prices despite a decline in Turkish steel prices. Current prices are assessed at USD 360-365 per ton CFR, up…
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