Kardemir lowers billet prices
Turkish steel producer Kardemir has decreased its billet prices by USD 15 per ton, according to the latest price list. The new price for S235JR grade billets is USD 520 per ton EXW, while B420 grade billets are offered…
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Turkish steel producer Kardemir has decreased its billet prices by USD 15 per ton, according to the latest price list. The new price for S235JR grade billets is USD 520 per ton EXW, while B420 grade billets are offered…
Turkey's wire rod exports reached approximately 736,300 tons in the first nine months of 2024, a sharp increase of 76pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK)…
China's Dalipal Holdings, led by Chairman Meng Fanyong, has signed a letter of intent to build a seamless steel pipe factory at Saudi Arabia's King Salman Energy Park (SPARK). The plant will cover more than 1,000,000 m2…
Saudi Arabia's Mayar Holding Co. announced that its subsidiary, Gulf Elevators & Escalators Co. Ltd., has signed a partnership agreement with China's Shenyang Yuanda Intellectual Industry Group Co. to manufacture…
Turkey exported 2.5 mln tons of rebar in the first nine months of 2024, marking a 1pct YoY increase, according to the Turkish Statistical Institute (TUIK). Yemen was the leading destination for Turkish rebar during this…
Saudi Steel Pipe Co. (SSP) reported a substantial rise in net profit, reaching SAR 213 mln (USD 56.6 mln) in the first nine months of 2024, up 61pct YoY. This growth was driven by higher gross profit, fueled by an…
A Moroccan company has been awarded a project to build a 2,750-metre tunnel for trains in the capital Rabat as part of a high-speed train project linking two major cities in the North African Arab nation, newspapers…
Turkish steel producer Kardemir has reduced its rebar prices in the latest pricing update. The company is now offering 12-32 mm rebar at TRY 20,920 (USD 609) per ton EXW, down from TRY 21,455 (USD 626) per ton EXW set…
Egypt's rebar production grew by 11.3pct YoY to 6.403 mln tons in the first nine months of 2024, according to a local news report. Rebar sales in the local market also rose by 3pct YoY during January-September, reaching…
Ta'ziz, a joint venture between Adnoc and ADQ, has awarded over USD 2 bln in engineering, procurement, and construction (EPC) contracts for infrastructure development at its Ta'ziz chemicals and transition fuels project…
Kuwait's Heavy Engineering Industries and Shipbuilding Company (HEISCO) reported it had made the lowest bid for tube replacement at Mina Al-Ahmadi oil refinery in North Kuwait. The firm said in a local bourse statement…
Turkey imported 14.9 mln tons of scrap in the first nine months of 2024, a 6.3pct increase YoY, according to the Turkish Statistical Institute (TUIK). From January to September 2024, scrap imports from the USA rose by…
National Metal Manufacturing and Casting Co. (Maadaniyah) reported a wider net loss of SAR 28.12 mln (USD 7.48 mln) in the first nine months of 2024, up from a loss of SAR 18.42 mln in the same period last year. The…
Terramin Australia Limited announced that Western Mediterranean Zinc Spa (WMZ) has signed an Engineering, Procurement, and Construction (EPC) contract with Sinosteel Equipment & Engineering Co. Ltd. (Sinosteel MECC) to…
Madkour Group, an Egyptian infrastructure developer, has secured a contract to build a significant grid station that will facilitate power evacuation from a new wind farm in Jaalan Bani Bu Ali, located in Oman's Al…
Turkey's crude steel production rose by 14pct YoY to 27.9 mln tons in the first nine months of 2024, according to the Turkish Steel Producers' Association (TCUD). In September alone, production grew 6.5pct YoY to 3.1…
UAE steel manufacturers have filed complaints with Indian customs regarding alleged illegal steel scrap imports from the UAE, citing falsified documentation and export fee evasion, as reported by Zee News. The companies…
Iraq is planning to build a sponge iron plant to support its steel industry after it plummeted below its half output capacity, the industry minister has said. The plant in the Southern Basra city will produce nearly one…
Combined Group Contracting Company, a leading provider of construction services in the GCC region, has announced that it has won a tender worth USD 12.6 mln from Kuwait Oil Company (KOC) for the construction of flow…
Turkey's scrap import prices have fluctuated within a limited range this week, reflecting a slight decline. Current prices are assessed at USD 355-365 per ton CFR, down from USD 360-365 per ton CFR last week. The…
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