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
Saudi Iron and Steel Company (Hadeed) is raising its long steel prices for November deliveries. The company's rebar (12-32 mm) price will increase by SAR 50 (USD 13) per ton, bringing it to SAR 2,350 (USD 625) per ton…
Masdar, the UAE's clean energy leader, and EMSTEEL, the country's largest publicly listed steel and building materials company, have completed a pioneering pilot project using green hydrogen to produce green steel…
Vale, a leading iron ore miner, and China's Jinnan Iron & Steel Group have announced a partnership to establish Oman's first iron ore concentration plant at Sohar Port and Freezone. With an initial investment of over…
KEC International, an Indian multinational company specialising in manufacture of electric power manufacturing towers, has announced that it has secured the contract to establish a new 380kV overhead transmission line…
Kuwait's Heavy Engineering Industries and Shipbuilding Company (Sofon) said it has been awarded a contract for the construction of cooling towers with a value of around USD 4.5 mln. The contract was awarded by the…
Turkey's scrap import prices declined this week amid a cautious market mood, with scrap buying activity limited by weak demand for finished steel. Scrap import prices are now assessed at USD 360-365 per ton CFR, down…
Pakistan's scrap imports rose by 4.68pct YoY in September 2024, as reported by the Pakistan Bureau of Statistics. The country imported 211,539 tons of scrap that month, compared to 202,078 tons in September 2023. In the…
In September 2024, Pakistan recorded a 36.55pct YoY increase in finished steel imports, according to the Pakistan Bureau of Statistics. The country imported 277,404 tons of finished steel, up from 203,149 tons in the…
SWPC has announced that a consortium led by Saudi utility developer Acwa Power with key partners Haji Abdullah Alireza & Partners Co. and AlKifah holding has emerged as the preferred bidder for Ras Mohaisen Independent…
UAE's EMSTEEL, formerly Emirates Steel Arkan, has raised its rebar prices for November production. The company is now offering rebar at AED 2,560 (USD 697) per ton, CPT Abu Dhabi, and AED 2,568 (USD 699) per ton, CPT…
Turkish steel producer Kardemir has reduced its billet prices by USD 15 per ton, according to the latest price list. The updated price for S235JR grade billets is USD 535 per ton EXW, while B420 grade billets are set at…
Omani steel producer Al Jazeera Steel Products Co. SAOG reported a substantial 62pct YoY increase in net profit for the first nine months of 2024, according to its unaudited financial statement. The company's net profit…
UAE's leading steel producer, EMSTEEL (formerly Emirates Steel Arkan), has announced the election of its board of directors for a three-year term, according to a stock exchange filing. The newly elected members are…
Turkish steel producer Kardemir has lowered prices for rebar and wire rod in its latest price list. The company is now offering rebar (12-32 mm) at TRY 21,455 (USD 626) per ton EXW, down from TRY 22,000 (USD 642) per…
BMS Birlesik (BMS Wire), a leading Turkish producer of galvanized steel wire, announced that its board of directors has approved an investment in two wire drawing machines, according to a stock exchange filing. Based on…
VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of International Industries Limited (IIL) at 'AA-/A-1'. The 'AA-' rating reflects high credit quality with strong protection factors, while the…
Saudi Real Estate Company (Al Akaria) has announced that one of its key subsidiaries has been awarded a construction contract worth USD 176 mln by Royal Commission for Riyadh City for its TSE Network for Green Riyadh…
A consortium of China Energy Engineering Corporation (CEEC) and Japan's Mitsubishi Power have been awarded an Engineering, Procurement and Construction (EPC) contract worth USD 595 mln for the 900-megawatt (MW) Al Wahda…
Crude steel production in the Middle East fell by 1.5pct YoY to 38.4 mln tons during the first nine months of 2024, according to the World Steel Association. In September 2024, the region experienced a sharp 23pct YoY…
Turkish steelmaker Kardemir has secured the operating rights for 11 mining sites, according to a stock exchange filing. The mining sites, located in Balikesir, Kutahya, Sivas, and Kirikkale, were awarded through tenders…
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