Tuesday, May 20, 2025
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    ME Steel News

    Al Watania to commission tinplate plant in Ras Al-Khair

    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...

    Hyundai and PIF break ground on automotive manufacturing plant in KAEC

    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...

    Iron ore imports drop 17pct in Q1 2025 YoY

    Turkey imported approximately 2 mln tons of iron ore in the first quarter of 2025, marking a 17pct decline compared to the same period...

    Ashghal launches USD 22 bln infrastructure plan for 2025-2029

    Qatar's Public Works Authority (Ashghal) has launched a five-year infrastructure plan worth over USD 22 bln, covering projects from land development and public buildings...

    Scrap import uptrend continues on limited supply and restocking demand

    Turkey's scrap import market extended its upward trend this week, supported by a series of new bookings at higher price levels. Current import prices...

    Vale plans renewable energy switch for Sohar pelletizing operations

    Vale has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) during Oman Sustainability Week, marking a key step in its strategy...

    Watani Steel’s net profit declines in Q1 2025 on weaker sales

    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...

    Govt launches industrial city project in Basra

    Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, has officially launched the Green Mountain Industrial City project in Basra. Developed in strategic...

    LSM sector shows modest growth in March

    Pakistan's large-scale manufacturing (LSM) sector grew by 1.79pct YoY in March 2025, according to data from the Pakistan Bureau of Statistics (PBS). However, on...

    EMSTEEL reports resilient Q1 2025 results despite market headwinds

    UAE-based EMSTEEL, one of the region's leading publicly traded steel and building materials manufacturers, has announced its financial results for Q1 2025. The group reported...

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