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Sunday, May 17, 2026

ME Steel News

Scrap import prices hold steady amid cautious sentiment

Turkey's imported scrap prices remained largely stable this week, as steel mills continued cautious procurement amid weak finished steel demand and squeezed margins. HMS...

ISL, Aisha Steel raise flat steel prices

Pakistan's flat steel producers International Steels Limited (ISL) and Aisha Steel increased domestic prices for cold-rolled and galvanized steel products by PKR 5,000 (USD...

East Pipes reports record FY26 earnings

Saudi Arabia's based East Pipes Integrated Company for Industry (East Pipes) reported record financial results for the fiscal year ended March 31, 2026, supported...

Molan Steel secures interest-free shareholder loan

Saudi Arabia's Molan Steel Co. signed an agreement to obtain an interest-free loan worth SAR 15 mln (USD 4 mln) from its major shareholder,...

Metal Park, Sdeira sign MoU for workforce accommodation project in KEZAD

Abu Dhabi-based Metal Park signed a memorandum of understanding (MoU) with Sdeira Group to jointly develop a workforce accommodation community in KEZAD Al Mamourah...

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