Jindal Steel acquires Sohar-based MISCO – sources
Jindal Steel Oman acquired Moon Iron & Steel Company (MISCO) in Sohar, according to sources familiar with the matter.
MISCO suspended steel production activities in...
Metal Care Center commissions rebar mill in Umm Al Quwain
Metal Care Center Factory LLC commissioned a new scrap-based induction furnace rebar mill with annual production capacity of 300,000 tons at the UAQ Industrial...
Watani Steel reports lower profit in Q1 on weaker steel prices
Saudi Arabia-based Watani Iron Steel Co. (Watani Steel) reported lower net profit for the first quarter of 2026, as lower steel selling prices continued...
Iron ore futures decline on demand worries
Iron ore futures declined on Tuesday amid concerns that growth in Chinese steel production may be peaking, while high port-side inventories and rising global...
AGSI signs agreements to support low-carbon construction initiatives
UAE's Arabian Gulf Steel Industries (AGSI) signed strategic agreements with R.Evolution and 9E Global Engineering Consultants aimed at supporting low-carbon steel solutions and sustainable...
