Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
429 news items from Saudi Arabia. Show all
Bahra Electric and China’s Antaisolar have inked a deal to establish a joint venture (JV) company and factory in Jeddah, Saudi Arabia. The new facility will specialize in manufacturing solar trackers and mounting…
Saudi Arabia's Roads General Authority (RGA) has announced that a total of 69 companies have submitted bids for a major highway project linking Aseer region to Jazan. Of these, 37 are global players in the project…
Red Sea Global (RSG), the developer of The Red Sea and Amaala megaprojects, said the Ministry of Health (MOH) has approved the designs for the Turtle Bay Hospital, allowing construction to start. Abdullah Saeed Alsayed…
Saudi Arabia’s Bena Steel Industries Co. and the UK's Alderley Co. have agreed to cancel the Memorandum of Understanding (MoU) they previously signed, as announced in a statement to Tadawul. The termination of the MoU…
Turkish steel exports to the Gulf Cooperation Council (GCC) countries showed varying trends in H1 2023. The total Turkish steel exports to the region amounted to 73,859 tons during this period. in June, there was a…
Vale has entered into a binding agreement with Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s Public Investment Fund, for an investment in Vale Base Metals Limited (VBM), the holding entity for…
Saudi Iron and Steel Company (Hadeed) has made the decision to keep the prices of rebar and wire rod unchanged for the production in August. The pricing of rebar, available in sizes ranging from 12-32 mm, and wire rod…
Saudi Arabia's Ministry of Commerce stated that the number of steel and cement export licenses, since lifting ban on exports in 2016, reached 201 and 133, respectively, totaling 334. In a statement, the ministry added…
Saudi Water Partnership Company (SWPC) has announced that a developer consortium of Saudi-based Alkhorayef Water and Power Technologies and Spanish utility major Cobra has emerged as the preferred bidder for the…
Saudi Arabia’s Bena Steel Industries Company finalized a credit facility agreement with Saudi National Bank (SNB) worth SAR 75 mln (USD 20 mln). The company intends to utilize this loan to finance its working capital…
Indian engineering and construction conglomerate Larsen & Toubro (L&T) said its Power Transmission & Distribution Business has secured a major order from Saudi Arabia for the construction of a ±525kV high -voltage…
Acwa Power, a leading developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, along with Haji Abdullah Alireza & Co (Haaco) and Al Moayyed Contracting Group…
Bena Steel Industries (BSI) and the Alderley Group, a UK-based energy solutions provider, have forged a strategic partnership and signed a Memorandum of Understanding (MoU) to jointly pursue opportunities in Saudi…
East Pipes Integrated Company for Industry signed a Shariah-compliant credit facility agreement worth SAR 1.1 bln (USD 293 mln) with Banque Saudi Fransi, according to a statement to Tadawul. The agreement is valid for…
Toyota Tsusho Corporation, a Japanese group, has revealed that it, along with French energy company TotalEnergies Renewables and a unit of Saudi-based Zahid Group, has secured a contract from Saudi Power Procurement…
The Ministry of Industry and Mineral Resources (MIM) issued 53 new industrial licenses in April 2023. The licenses were distributed over 7 industrial activities, topped by food processing with 9 licenses. It was…
Saudi Arabia’s National Metal Manufacturing and Casting Company (Maadaniyah) has signed an agreement with Gulf Triple Contracting Company for the construction of its new valves factory in the kingdom. The manufacturing…
Watani Iron Steel Company (Watani Steel) has announced the appointment of Abdul Karim Mohammed Al Rajhi as the Chairman of the board for the upcoming three-year term. Alongside him, Mishaal Abdul Karim Al Rajhi and…
Maire Tecnimont S.p.A. has announced that its subsidiaries, Tecnimont and Tecnimont Arabia Limited, have been awarded two lump-sum turn-key EPC contracts for a petrochemical expansion project at the SATORP Refinery in…
Saudi Arabia's Arabian Pipes Company (APC) has successfully secured two pipe supply contracts, as stated in the company's filing to the bourse. APC has been awarded a contract valued at approximately SAR 322 mln (USD…
“Premium Content” marks a news item that needs a subscription to read in full.
