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429 news items from Saudi Arabia. Show all
East Pipes Integrated Company for Industry has signed a contract with Saudi Arabian Oil Co. (Aramco) for the manufacturing and supply of steel pipes. The contract is valued at around SAR 20 mln (USD 5.33 mln), including…
Saudi Iron and Steel Company (Hadeed) has reduced its domestic scrap buying prices by SAR 70 (USD 19) per ton, effective September 11, amid relatively moderate finished steel demand. The reduction follows a period of…
Vallourec has confirmed the signing of an agreement with Saudi Aramco for the supply of oil country tubular goods (OCTG), confirming media reports previously cited by MESTEEL. Aramco's original announcement on August 26…
Saudi Arabia's billet market remains heavily affected by logistics disruptions, with tight vessel availability, high freight costs and lengthy berthing delays continuing to complicate imported supply. At the same time…
Saudi Arabia's Molan Steel Co. reported a 72pct YoY decline in revenue to SAR 9.3 mln (USD 2.47 mln) in the first half of 2026, while its net loss widened to SAR 11.1 mln (USD 2.95 mln) from SAR 2.8 mln a year earlier…
Saudi Arabia's Bena Steel Industries Company reported a sharp increase in net profit attributable to shareholders in the first half of 2026, supported by higher revenues from its steel fabrication and steel coils…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has kept its domestic rebar prices unchanged for September production, while raising wire rod prices by SAR 100-125 (USD 27-33) per ton. Hadeed is offering 12-32 mm…
Saudi Arabia's Group Five Pipe Saudi Company reported a 14.3pct YoY increase in net profit to SAR 143.1 mln (USD 38 mln) in the first half of 2026, supported by lower production costs per ton. Revenue increased 2.5pct…
Chinese tubular products manufacturer Dalipal Holdings has signed a 25-year lease for a 1.03 mln sq m plot at King Salman Energy Park (SPARK) in Dammam, Saudi Arabia, where it plans to establish a manufacturing and R&D…
Aramco has signed a purchase agreement for oil country tubular goods (OCTG) with French tubular products maker Vallourec, according to media reports, as part of a package of agreements and a memorandum of understanding…
Saudi Arabia's Al Yamamah Steel Industries is advancing its planned billet production project after its subsidiary, Al Yamamah Company for Reinforcing Steel Bars, signed a SAR 500 mln (USD 133.3 mln) Islamic credit…
Saudi Arabia's Ajeej Steel Manufacturing Co., a subsidiary of National Building & Marketing Co., has signed a five-month Sharia-compliant banking facility worth SAR 75 mln (USD 20 mln) with First Abu Dhabi Bank to…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) has renewed a Sharia-compliant SAR 25 mln (USD 6.7 mln) banking facility with Alinma Bank to finance working capital. The short-term facility runs from August 23…
Saudi Arabia's Alshehili Company for Metal Industries reported a 37.3pct YoY decline in revenue to SAR 21.1 mln (USD 5.6 mln) in the six months to June 30, 2026, while net profit fell 56.7pct to SAR 2.33 mln (USD…
Saudi Arabian steel producer Riyadh Steel Co. reported a 145.8pct YoY increase in net profit to SAR 6.03 mln (USD 1.61 mln) in the first half of 2026. Revenue declined 15pct YoY to SAR 70.1 mln (USD 18.7 mln), mainly…
Saudi Arabia's Advanced Building Industries Co. (SENAAT) reported a 45.7pct YoY increase in net profit to SAR 54.2 mln (USD 14.4 mln) in the first half of 2026. Revenue declined 7.1pct YoY to SAR 2.77 bln (USD 737.6…
Saudi Arabia's National Metal Manufacturing and Casting Co. (Maadaniyah) reported lower revenue but reduced net losses in the first half of 2026, supported by improved product pricing, a better sales mix and lower…
Saudi Steel Pipe Company (SSP) reported lower revenue and net profit in the first half of 2026, mainly reflecting lower sales volumes, an expected credit loss and the impact of a one-off gain recorded in the comparable…
Saudi Arabia's Al Yamamah Steel Industries reported a sharp increase in net profit for the nine months ended June 30, 2026, supported by higher sales in its electricity segment and lower costs across its electricity and…
SENAAT subsidiary Zamil Steel has completed the design and fabrication of specialized process equipment for Saudi Aramco's Fadhili Gas Increment Project - Package 4, including what SENAAT described as the thickest…
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