Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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UAE-based steel producers say they do not expect a significant impact from the latest U.S. move to double tariffs on steel imports. Effective June 4, the U.S. has raised tariffs on steel and aluminum imports from 25pct…
The Algerian Investment Promotion Agency (AAPI) has granted a land concession to China's Jingdong Steel for the construction of a major steel production facility in M'Sila province. The agreement allocates a 36-hectare…
The Brazilian government has extended its steel import quota system for another year to safeguard the domestic industry from unfair competition. The system, introduced by the Foreign Trade Chamber (Camex) in 2023, sets…
Tubacex, a global leader in advanced industrial solutions for the energy and mobility sectors, has signed a strategic agreement with Adnoc, the UAE's integrated energy group, granting Adnoc exclusive rights to use…
Arabian Pipes Company (APC) has announced a new supply contract with Saudi Aramco, according to a recent stock exchange filing. The agreement, valued at SAR 104 mln (USD 27.7 mln), involves the supply of pipes…
NMDC Energy, a leading provider of EPC services for offshore and onshore energy sectors, has signed a strategic Memorandum of Understanding with Abu Dhabi-based Al Gharbia to explore opportunities for accelerating pipe…
Corinth Pipeworks has secured multiple contracts from Italian energy company Snam to manufacture and supply over 180 km of pipeline for the Adriatica project, one of Italy's largest gas infrastructure developments in…
NMDC Group, a global leader in engineering, procurement, construction (EPC), and marine dredging, has signed a Memorandum of Understanding (MoU) with Jiangsu Juxin Petroleum Steel Pipe to explore potential areas of…
Jindal (India) Limited, a key player in India's downstream steel sector and part of the B.C. Jindal Group, has entered the steel section pipes and tubes market with a ₹100 crore (USD 11.68 mln) investment aimed at…
ArcelorMittal Tubular Products Jubail has secured full financial backing from leading commercial banks in Saudi Arabia for its heat treatment and advanced premium OCTG finishing line expansion. The expansion will add…
Tenaris has invested USD 8 mln to upgrade safety and boost automation at its Sault Ste. Marie industrial center in Ontario, as part of a broader USD 72.5 mln modernization plan launched in 2024. The investment includes…
Pakistani pipe manufacturer International Industries Limited (IIL) has established a wholly-owned subsidiary in Ireland, named INIL Europe Limited, according to a stock exchange filing. The new entity aims to expand…
Saudi Steel Pipe Co. (SSP) reported a 9.2pct decline in net profit for the first quarter of 2025, falling to SAR 69 mln (USD 56.6 mln), according to a disclosure filed with the stock exchange. The company attributed the…
Jordan's Arabian Steel Pipes Manufacturing reported a 9.9pct YoY increase in net profit for the first quarter of 2025, according to its latest financial statement. The company recorded a net profit of JOD 510,673 (USD…
Nucor Tubular Products, a leading manufacturer of carbon steel pipe and tubing in North America, entrusted Fives, an international engineering group, to design and supply new cut-off machines. The new machines…
Saudi Steel Pipe Co. (SSP) has signed a settlement agreement with the sellers of three land plots in Dammam, originally purchased in 2010. The agreement, finalized on April 28, nullifies the transaction, with the…
Spanish company Tubacex is set to build Central Asia's first seamless pipe manufacturing plant in Kazakhstan, according to the Kazakh Foreign Ministry. The plant will focus on producing seamless nickel alloy and…
Vallourec, a global leader in premium seamless tubular solutions, has secured a significant contract to supply Oil Country Tubular Goods (OCTG) for Kuwait Oil Company's (KOC) drilling operations. The agreement is valued…
State-owned Energy Development Oman (EDO) has signed a memorandum of understanding (MoU) with China's Jiangsu Changbao Steel Tube Co. to explore the development of a cutting-edge Oil Country Tubular Goods (OCTG)…
Omani steel manufacturer Al Jazeera Steel Products Co. SAOG posted a 16pct YoY increase in net profit for the first quarter of 2025, according to its unaudited financial results. Net profit rose to OMR 2.1 mln (USD 5.44…
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