Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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429 news items from Saudi Arabia. Show all
Saudi Aramco will for the first time use hydrogen-induced cracking (HIC)-resistant steel from South Korea's Posco at its Fadhili gas plant, as part of efforts to support the facility's major expansion. Posco announced…
East Pipes Integrated Company for Industry has inked its second supply agreement with Abdullah Ibrahim Al Sayegh & Sons Co. (Al Sayegh), a Riyadh-based contractor, the company disclosed in a stock exchange filing. The…
Saudi Arabian steel producer Watania Steel has successfully commissioned a new high-speed rebar mill, according to a statement from India-based rolling mill equipment supplier PPRM. The newly commissioned mill has…
The Saudi Iron and Steel Company (Hadeed) has reduced its long steel prices for June. The company's rebar (12-32 mm) prices were lowered by SAR 100 (USD 27) per ton, now offered at SAR 2,130 (USD 566) per ton. Wire rod…
Saudi Arabia has imposed final anti-dumping duties on imports of longitudinally welded circular stainless steel pipes from China and Taiwan. The decision, issued by Minister of Commerce and GAFT Chairman Dr. Majed…
East Pipes Integrated Company for Industry has signed a contract worth over SAR 40 mln (USD 10.65 mln), including VAT, with Abdullah Ibrahim Al Sayegh & Sons Co. (Al Sayegh), according to a statement to Tadawul. Under…
Saudi Arabia's Gas Arabian Services Co. (GAS) has signed a joint venture agreement with Italian industrial firm Bonomi to establish a new valve manufacturing company, Bonomi Saudi Arabia Factory LLC. Headquartered in…
Mahmood Saeed Steel Industries Co., Ltd. (MSSI), a leading Saudi manufacturer of steel structures, has signed a major contract with Hyundai Engineering & Construction Co., Ltd. (HDEC) for the fabrication and…
Saudi Arabia's Mutlaq Al-Ghowari Company for Contracting Limited (MGC) has secured the Engineering, Procurement, and Construction (EPC) contract for the Jubail-Buraidah Independent Water Transmission Pipeline Project…
East Pipes Integrated Company for Industry has announced the resignation of CEO Mohammed bin Abdulaziz Al Shaheen, citing personal reasons, according to a filing on the stock exchange. The company stated that it will…
Jindal Saw Ltd. has announced a capital expenditure plan totaling up to USD 118 mln to expand its presence in the Middle East's iron and steel sector. The company's board has approved three international investments…
Saudi Steel Pipe Co. (SSP) has announced a leadership restructuring, according to a recent filing with the stock exchange. The board has appointed Mohammed AbdulAziz AbdulRahman Al Shayea as Chairman and Carlos A…
South Korea's Doosan Enerbility has won contracts worth around USD 248 mln to supply steam turbines and generators for two combined cycle gas turbine (CCGT) power plant expansions in Saudi Arabia. The company signed…
Ajeej Steel Manufacturing Co., a subsidiary of National Building and Marketing Co., has signed a Shariah-compliant credit facility agreement with Bank Al Jazira worth SAR 50 mln (USD 13.2 mln), according to a disclosure…
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for June deliveries. The company's rebar prices have been reduced by SAR 50 (USD 13) per ton, bringing the new rate to SAR 2,230 (USD 594)…
Al Yamamah Steel Industries Co. has signed a contract with Saudi EPC firm Trading & Development Partnership Company (TDP) to supply steel towers, the company announced in a filing to the stock exchange. The towers will…
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…
Saudi Arabia's Al Watania for Industries and China's Donghexin Group have signed a joint venture agreement to establish the region's first tinplate manufacturing facility in Ras Al-Khair Industrial City. With commercial…
Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia's Public Investment Fund (PIF) and Hyundai Motor Company, has officially broken ground at the newly announced King Salman Automotive…
Watani Iron Steel Co. (Watani Steel) reported a net profit of SAR 2.9 mln (USD 0.77 mln) for the first quarter of 2025, down 42pct from SAR 4.9 mln in the same period last year. Sales revenue declined 17.8pct YoY to SAR…
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