Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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2,438 news items in ME Steel News. Show all
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…
UAE's EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, announced its financial results for the first nine months of 2024. The group reported revenues of AED 5.87 bln (USD…
UAE-based Amali Properties has officially commenced construction on Amali Island, an ultra-luxury villa project with an investment of USD 544 mln located within The World Islands off the coast of Dubai. The marine works…
Bahrain's GFH Financial Group (GFH) and Panattoni Saudi Arabia have partnered to develop 500,000 square meters (sqm) of logistics facilities in Saudi Arabia. The collaboration will focus on developing high-quality…
Oman's Al Jazeera Steel Products Co. reported significant profit growth for the first nine months of 2024, with profit reaching OMR 3.9 mln (USD 10.1 mln), a 62pct increase YoY, driven by strong construction demand in…
Al Yamamah Steel Industries announced the signing of a contract with Larsen & Toubro Saudi Arabia LLC (L&T Saudi Arabia) to supply steel towers for a 380 kV ultra-high voltage line project in the central region. The…
Expo City Dubai, a leading real estate developer, has appointed Ginco General Contracting as the main contractor for the construction of Expo Valley, as announced in the company's press release. With most villas and…
Petrofac, a major service provider for the global energy industry, has secured a multi-mln-dollar, two-year contract with Bapco Upstream W.L.L. to enhance production in Bahrain. Under this contract, Petrofac will assist…
Turkey's leading steel producer, Erdemir Group, reported a net profit of TRY 11.28 bln (USD 329 mln) for the first nine months of 2024, a turnaround from a TRY 3.83 bln loss in the same period last year. Sales revenue…
Shandong Daye, a Chinese manufacturer of bead wires, has announced plans to invest over USD 208 mln in a new factory in Morocco, according to the company's stock exchange filing. The facility will be constructed in two…
Iraq has awarded France's giant TotalEnergies a new project for reduction of gas flaring in its oilfields as part of a mega hydrocarbon development deal signed in 2023, an Iraqi official has said. The new contract…
Galfar Engineering & Contracting, one of the largest construction companies in the Middle East, has announced that it has been awarded a road works contract worth USD 119 mln by the Ministry of Transport, Communications…
Turkish steel producer Kardemir has announced an investment to expand its production capacity for value-added steel products and boost competitiveness, according to a stock exchange filing. The company plans to install…
Pakistan's Agha Steel Industries Limited reported a loss of PKR 1.81 bln (USD 10.2 mln) for the quarter ending September 30, 2024, compared to a profit of PKR 125.2 mln in the same period last year, according to a stock…
Nakheel, a member of Dubai Holding Real Estate, has partnered with Dubai Electricity and Water Authority (Dewa) for the development of two upcoming substations on Palm Jebel Ali, valued at USD 73.5 mln. As per the deal…
Kuwait's Combined Group Contracting Company (CGCC) said its affiliate in the UAE has won a contract to build an industrial zone on Delma Island in Abu Dhabi with a total value of around USD 43 mln. CGCC said in a…
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