Turkish pipe producer Borusan Pipe returned to profitability in the first quarter of 2026, supported by stronger sales volumes and improved operational efficiency, according to its financial results. Net profit reached…
Tenaris signed a memorandum of understanding (MoU) with Denmark-based Green Therma to cooperate on the development of next-generation closed-loop geothermal systems in Europe. Under the agreement, the companies will…
Metal Care Center Factory LLC commissioned a new scrap-based induction furnace rebar mill with annual production capacity of 300,000 tons at the UAQ Industrial Area in Umm Al Quwain, UAE. According to the company, the…
Tenaris announced that it has entered into a definitive agreement to acquire 100pct of the share capital of Romania-based Artrom Steel Tubes S.A. from U.S.-based GLGH Steel LLC. The transaction value amounts to EUR 86…
Saudi Steel Pipe Company (SSP), also known as TenarisSaudiSteelPipes, announced its financial results for the first quarter of 2026. The company's net sales revenue declined by 15.1pct YoY to SAR 385 mln (USD 102.6…
Al Gharbia Pipe Company (AGPC), a UAE-based producer of longitudinally submerged arc welded (LSAW) steel pipes, partnered with telecom and digital services provider du to deploy Industrial AI Vision technology across…
Global pipe producer Tenaris expects lower shipments in the Middle East during the second quarter of 2026 due to disruptions linked to the Iran war and the prolonged closure of the Strait of Hormuz, while the company…
Tubacex Group and Mubadala Investment Company have announced the full operational launch of their joint venture in Abu Dhabi, marking the start of a regional manufacturing platform for advanced oil country tubular goods…
Indian pipe manufacturer, Jindal Saw Limited has reported disruptions to its Middle East-linked business in Q4 FY26, as the ongoing regional conflict has affected exports, logistics and operations. The company said a…
Wuppermann expands capacity and product range with new pipe mill Wuppermann Metalltechnik GmbH (WMT) has inaugurated a new pipe mill at its Altmunster site in Austria, marking a key capacity and technology expansion for…
India-based Jindal SAW Ltd. said its board has approved a proposal to establish an additional longitudinal submerged arc welded (LSAW) pipe facility in Saudi Arabia through its joint venture. The expansion will be…
Turkey-based Toscelik Spiral Boru has won a tender for the supply of steel pipes awarded by Ankara Metropolitan Municipality's water authority (ASKI), according to local media reports. The tender covers the procurement…
Jordan's Ministry of Water and Irrigation has announced plans to establish a USD 125 mln steel pipe manufacturing facility through a US-Indian joint venture, aimed at supporting the National Water Carrier Project and…
France-based Saarstahl Ascoval, part of the Saarstahl Group, has entered into a long-term partnership with Mannesmann Precision Tubes to supply semi-finished steel for tube applications in the automotive and industrial…
Turkey-based Borusan Pipe said its US subsidiary Borusan Berg Pipe has secured around USD 100 mln in sales orders in the United States, according to a stock exchange filing. The orders cover large-diameter line pipes…
Spain-based Tubos Reunidos S.A. warned that its operations may face insolvency risk unless it secures financing and restructuring measures, according to a filing with the National Securities Market Commission. The…
Jordan-based Arabian Steel Pipes Manufacturing Company reported higher net profit for the three months ended 31 March 2026, despite a decline in revenue, according to its unaudited financial statement. Revenue fell by…
Pakistan's leading pipe manufacturer International Industries Limited (IIL) reported a sharp increase in earnings for the first half of FY26 ended December 31, 2025. The company's net profit rose to PKR 2.58 bln (USD…
Hoa Phat Group reported revenue of over VND 53.3 trillion (USD 2 bln) and net profit of VND 9.06 trillion (USD 344 mln) in the first quarter of 2026, up 40pct and 170pct YoY, respectively. Profit reached 41pct of the…
Crescent Steel and Allied Products Limited reported net income of PKR 770.9 mln (USD 2.76 mln) for the first nine months of FY26 ended March 31, 2026, compared with PKR 332.79 mln in the same period last year. Revenue…