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    ME Steel News

    Kardemir reduces rebar prices

    Turkish steel producer Kardemir has decreased its rebar prices in the latest pricing update. The company is now offering 12-32 mm rebar at TRY 20,415...

    Emirates Steel named Regional Host Sponsor for ME Iron & Steel Conference until 2028

    UAE's Emirates Steel, part of the EMSTEEL group, has partnered with Fastmarkets in a five-year strategic agreement, naming Emirates Steel the "Regional Host Sponsor"...

    NHC launches 11 residential projects in Riyadh

    Saudi Arabia's National Housing Company has announced the launch of 11 key residential projects in Khuzam area of capital Riyadh featuring over 10,000 units...

    Tender value jumps 61pct in 2024 amid surge in development spending

    Project tenders issued by Oman jumped by more than 50 pct in 2024 as the Gulf state is using a surge in oil prices...

    Borusan Pipe reports sharp profit decline in Jan-Sep 2024 amid market challenges

    Turkish pipe producer Borusan Pipe recorded a significant drop in net profits for the first nine months of 2024, citing difficult market conditions. Net...

    Iron ore imports grew 26pct in Jan-Sep 2024 YoY

    Turkey imported approximately 8.14 mln tons of iron ore during the first nine months of 2024, marking a 26pct increase compared to the same...

    Samsung-led JV secures major contract from Ras Laffan Petrochemicals

    Samsung E&A, a total solutions provider for the global energy industry, has announced that its joint venture with Taiwanese group CTCI has secured a...

    Kardemir reports reduced losses for Jan-Sep 2024

    Turkish steelmaker Karabuk Demir Celik (Kardemir) reduced its net losses during the first nine months of 2024, according to its financial report. The company reported...

    Ataqa’s net profit rises in Jan-Sep 2024

    Misr National Steel (Ataqa) reported an increase in net profit after tax to EGP 695.87 mln (USD 14 mln) in the first nine months...

    Ladun Investment’s unit wins construction contract for mixed-used project in Abha

    Built Industrial Company, a subsidiary of Saudi-listed Ladun Investment Company, has secured a USD 171.7 mln construction contract with the Real Estate Development Fund...

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