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Monday, March 2, 2026
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ME Steel News

Scrap import prices hold steady as buyers stay cautious

Turkey's scrap import market remained broadly stable this week, although sentiment softened as mills largely stayed on the sidelines amid weak finished steel demand...

Middle East crude steel production jumps in Jan 2026

Crude steel production in the Middle East rose 12.6pct YoY to 12.6 mln tons in January 2026, according to data from the World Steel...

AGSI secures green financing from Emirates NBD to expand low-carbon steel output

Arabian Gulf Steel Industries (AGSI) has secured a green financing facility structured by Emirates NBD to support the expansion of its low-carbon steel production...

Mughal Steel moves closer to launch of captive power facility

Mughal Energy Limited, a wholly owned subsidiary of Mughal Iron & Steel Industries Limited, has reached a key milestone in the development of its...

HEISCO wins USD 568 mln contract from KOC

Kuwait-based Heavy Engineering Industries and Shipbuilding Company (HEISCO) has announced that it has been awarded a contract valued at KD 174.24 mln (USD 568...

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