Meriaura Energy Oy's solar thermal system is providing low-carbon heat to households in Bad Rappenau, Germany, using custom SSAB cold-formed open sections, SSAB announced in a press release. Covering 29,000 square…
International Maritime Industries (IMI), the largest maritime facility in the MENA region, has signed an agreement with ARO Drilling to construct a new offshore jack-up rig, KINGDOM 3. This deal strengthens the…
The Public Investment Fund (PIF) has acquired a 30pct stake in Masdar for Building Materials Company (Masdar) by subscribing to newly issued shares through a capital increase. PIF's investment will help Masdar enhance…
The British government has welcomed Heathrow Airport's multibillion-pound expansion program, which is set to drive significant demand for UK-made steel and help secure thousands of steel jobs nationwide. Heathrow's…
Saudi Steel Pipe Company (SSP) announced that its subsidiary, Global Pipe Company (GPC), has secured a contract worth approximately SAR 910 mln (USD 242.5 mln) to supply LSAW pipes for Saudi Aramco's Accelerated Carbon…
China Harbour Engineering Company (CHEC) has officially begun operations at its modular building factory for the Sedra housing project in Riyadh, Saudi Arabia. Spanning 200,000 square meters, the facility will produce…
Saudi Arabia's Al Yamamah Steel Industries Co. reported a sharp decline in net profit for Q1 FY25, which ended on December 31, 2024, according to its interim financial results. Net profit plunged 84.4pct year-on-year to…
Tubacex has secured a EUR 40 mln (USD 41.2 mln) contract from Brazil's Petrobras to supply premium materials for gas extraction operations. This deal strengthens Tubacex's role as a key supplier of corrosion-resistant…
Hafeet Rail has signed a commercial agreement with EMSTEEL to transport and export aggregate materials between Oman and the UAE. It has also awarded construction contracts for key railway facilities in Oman to Larsen &…
RHI Magnesita has completed its acquisition of US-based Resco Group from Balmoral Funds LLC and management for USD 410 mln, marking the company's largest investment since its 2017 merger. Resco's refractory products…
ADQ, a global sovereign investor focused on infrastructure and supply chains, has partnered with Orion Resource Partners, a leading metals and materials investment firm, to launch a 50-50 joint venture in Abu Dhabi. The…
Turkish steel producer Kardemir has signed a new rail supply contract, according to a stock exchange filing. The company will provide 15,000 tons of 60E2 and R260 grade rails for the Ankara-Izmir high-speed railway…
Voestalpine Bohler Welding, a global leader in welding technology, has been expanding its local presence in India, investing around EUR 3 mln (USD 3.12 mln) in recent years. Future projects, including adding solid wire…
Nippon Steel Corporation, in collaboration with Nippon Steel Trading Corporation, has announced the supply of NSCarbolex Neutral, the company's green steel brand, to Singapore-based steel pipe distributor Hupsteel Pte…
The Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund (PIF), has awarded Naz Steel Industries a contract to design, supply, fabricate, and erect pre-engineered buildings for three…
Wind turbine manufacturer ENERCON, Salzgitter AG's Ilsenburger Grobblech GmbH, and TM Group's SMB Schonebecker Maschinenbau GmbH have teamed up to produce a lower-emissions steel tower, advancing sustainability in wind…
SEE Holding, the parent company of The Sustainable City brand, has signed a Memorandum of Understanding (MoU) with Arabian Gulf Steel Industries (AGSI) to advance sustainable construction practices in the region. The…
China's Ansteel Group has signed a Memorandum of Understanding (MoU) with German equipment supplier SMS Group, reaffirming their commitment to advancing "dual-carbon" initiatives focused on achieving carbon peak and…
Saarstahl Rail, a subsidiary of Saarstahl AG, has signed a major contract with French company SNCF Reseau for the supply of CO2-reduced rails. The contract, which spans up to six years, is valued at over USD 1 bln…
Vattenfall Europe Windkraft GmbH and steel producer Dillinger have signed a declaration of intent to accelerate the use of CO2-reduced steel in future wind projects. This collaboration supports Dillinger's ongoing…