Friday, October 31, 2025
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ME Steel News

Scrap import prices steady amid subdued trading activity

Turkey's imported scrap prices held largely stable this week at USD 345-355 per ton CFR, as buying activity remained muted due to the mid-week...

Kardemir invests in new RSB block to enhance SBQ production

Turkish special steel producer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) has ordered a Reducing & Sizing Block (RSB) 370++/4 from Kocks...

East Pipes reports higher H1 FY26 profit on stronger sales

Saudi Arabia's East Pipes Integrated Company for Industry reported a 37.5pct YoY rise in net profit to SAR 248.8 mln (USD 66 mln) for...

Amreli Steels trims quarterly loss by 20pct in Q1 FY26 YoY

Amreli Steels, one of Pakistan's leading steel producers, reported a 20pct YoY reduction in losses for Q1 FY26 ended September 30, 2025, posting a...

SSP’s profit slips in Jan-Sep 2025 on lower sales volumes

Saudi Steel Pipe Co. (SSP) reported a 7pct YoY decline in net profit for the first nine months of 2025, reaching SAR 198 mln...

Group Five, SWCC revise Ras Al Khair steel pipeline contract to expedite completion

Saudi Arabia's Group Five Pipe Saudi Co. announced that it has mutually agreed with the Saline Water Conversion Corporation (SWCC) to reduce the total...

Lenovo to launch major manufacturing hub in Riyadh

Lenovo is nearing completion of one of its largest and most advanced manufacturing facilities in Riyadh, marking a key milestone in its regional expansion....

Qatar Steel partners with Customs to regulate steel scrap exports

Qatar Steel announced that it has signed a Memorandum of Understanding (MoU) with the General Authority of Customs, aimed at establishing controls and procedures...

Amreli Steels prolongs rolling mill shutdown in Karachi as industry woes persist

Amreli Steels Limited has extended the suspension of operations at its Karachi S.I.T.E. rolling mill for another six months, citing ongoing operational and economic...

Arabian Pipes reports 37pct drop in Q3 profit on lower sales volumes

Saudi Arabia's Arabian Pipes Co. (APC) reported a 36.7pct YoY decline in net profit for the third quarter of 2025, citing weaker sales volumes,...

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