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429 news items from Saudi Arabia. Show all
The Saudi Iron and Steel Company (Hadeed) has left its long steel prices unchanged for September production. The company's rebar (12-32 mm) remains at SAR 2,130 (USD 566) per ton, while its wire rod (6.5-16 mm) stays at…
Kobe Steel will set up Kobelco Machinery Solution Arabia (KMSA) in Jubail Industrial City to strengthen its support for Saudi Arabia's fast-growing petrochemical and energy industries. The new hub will provide…
Saud Arabia's Zamil Industrial Investment returned to profitability in the first half of 2025, supported by higher sales across all business segments and effective cost management, the company said in a stock exchange…
Saudi Arabia's Group Five Pipe posted a sharp rise in net profit for the first half of 2025, its financial statement showed. Net profit jumped to SAR 125 mln (USD 33.2 mln), compared with SAR 9.2 mln in the same period…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) posted a steep drop in first-half 2025 earnings, according to a stock exchange filing. Net profit fell 67.2pct YoY to SAR 1.1 mln (USD 0.29 mln), while revenues…
Saudi Steel Pipe Co. (SSP) posted a 9.45pct YoY increase in net profit for the first half of 2025, reaching SAR 162 mln (USD 43.1 mln), according to a stock exchange filing. The company said the profit boost was mainly…
Saudi Arabia's Al-Ittefaq Steel Products Company (ISPC) has partnered with Strataphy to introduce geothermal-powered Cooling as a Service (CAS) at its facilities, the first application of advanced geothermal cooling in…
Saudi Arabia's Al Yamamah Steel Industries Co. posted a sharp decline in net profit for the first nine months of fiscal 2025, ended June 30, with earnings down 37pct YoY to SAR 41.9 mln (USD 11 mln). The company said…
Arabian Pipes Co. (APC) of Saudi Arabia reported a nearly 40pct YoY decline in net profit for the second quarter of 2025, driven by a drop in sales volumes, according to its filing with the stock exchange. Net profit…
ArcelorMittal Tubular Products Jubail (TPJ) has awarded the EPC contract for its heat treatment and finishing line expansion to Sinosteel Equipment & Engineering Co. Ltd. (Sinosteel MECC), with Tenova S.p.A. supplying…
NMDC Energy, a leading EPC services provider for the offshore and onshore energy sectors, has commenced fabrication at its state-of-the-art yard in Ras Al-Khair, Saudi Arabia, the company announced. The first steel cut…
The Saudi Iron and Steel Company (Hadeed) has maintained its long steel prices for August production. Rebar (12-32 mm) remains priced at SAR 2,130 (USD 566) per ton, while wire rod (6.5-16 mm) is unchanged at SAR 2,320…
Saudi Arabia's Amiantit Co. announced that the General Authority for Foreign Trade (GAFT) has initiated an anti-dumping investigation into ductile iron pipe imports from India, according to a stock exchange filing. The…
National Building and Marketing Co. (NBM) has increased the capital of its subsidiary, Ajeej Steel Manufacturing Co., from SAR 180 mln (USD 47.9 mln) to SAR 300 mln (USD 79.9 mln), the company announced in a stock…
Molan Steel Co. has received notice of a commercial lawsuit filed by Yara International Ltd. at the Commercial Court in Riyadh, according to the company's stock exchange filing. Yara is seeking SAR 17.88 mln (USD 4.76…
Saudi Arabia's Royal Commission for Riyadh City (RCRC) has awarded a contract worth up to USD 900 mln to the Arriyadh New Mobility (ANM) consortium for the construction of the Riyadh Metro Line 2 extension, MEED…
Sahal Al-Thobaiti, CEO of Al Yamamah Steel Industries Co., said the company's new wind power systems factory in Yanbu Industrial City has an annual production capacity of around 50,000 tons of steel towers, equivalent…
Diriyah Company has awarded a USD 600 mln construction contract to Salini Saudi Arabia, a subsidiary of the Webuild Group, for the development of the Diriyah Square retail precinct. The project includes the construction…
Al Yamamah Steel Industries Company has completed construction and launched trial operations at its new Wind Power Systems Factory in Yanbu Industrial City, according to a stock exchange filing. The facility will…
Al Yamamah Steel Industries Co. has signed two contracts with SEPCOIII Electric Power Construction Co., Ltd. Branch, totaling SAR 68.66 mln (USD 18.2 mln), the company announced in a stock exchange filing. The first…
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