Wednesday, July 9, 2025
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    ME Steel News

    Jindal Steel Duqm aims to launch green steel complex by 2028

    Jindal Steel Duqm, also known as Vulcan Green Steel and part of India's Jindal Steel Group, is targeting 2028 to begin operations at its...

    AGSI secures green financing to advance low-carbon steel goals

    UAE-based Arabian Gulf Steel Industries (AGSI) has secured an AED 126 mln (USD 34.3 mln) sustainable financing facility from Mashreq Bank, bolstering its transition...

    Oman Chromite boosts stake in Gulf Alloys and Metals

    Oman Chromite has increased its equity stake in Gulf Alloys and Metals (FZC) LLC from 20pct to 30pct, strengthening its position in the value-added...

    Areen Development awards construction contract for Tilal residential project

    Bahrain-based Areen Development has awarded the construction contract for its flagship Tilal residential project, part of the Al Areen Masterplan, to Ahmed Omar Contracting...

    HRC exports surge in Jan-May 2025

    Turkey exported approximately 1.3 mln tons of HRC between January and May 2025, a 52pct increase YoY, according to data from the Turkish Statistical...

    Ashry Steel plans to build country’s first high-speed train wheel factory

    Ashry Steel Group plans to establish Egypt's first factory for manufacturing high-speed train wheels in Sadat City, aligning with the government's push to localize...

    Tubacex’s Abu Dhabi plant secures API certification for CRA tubulars

    Tubacex has announced that its Abu Dhabi facility has earned the prestigious API 5CRA Monogram License (#5CRA-0044) from the American Petroleum Institute, marking a...

    Benteler breaks ground on new automotive plant in Kenitra

    Benteler Group, a global industrial group, serves the automotive, energy, and mechanical engineering sectors, has officially broken ground on its new automotive manufacturing plant...

    Scrap prices under pressure amid weak steel demand

    Turkey's scrap import prices came under pressure this week, as sluggish finished steel sales kept mills cautious. Current import offers are assessed in the...

    Ezz Steel keeps rebar prices unchanged for July

    Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices unchanged for July, extending its streak of price stability to nine...
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