Yamamah Steel Industries Co. reported a 138.45% increase in net profit for the third quarter of its fiscal year ended June 30, 2025, reaching approximately SAR 15.37 million, compared to SAR 6.47 million in the same period of the previous fiscal year. According to Al Arabiya, the company stated in a filing on the Saudi …
Yamamah Steel’s Profits Jump 138% in Q3 to SAR 15.4 Million Read More »
Arab countries’ crude steel production recorded a significant increase in June 2025, with total production reaching 3.337 million tons, an increase of 6.3% compared to the same month in 2024, according to the latest data issued by the World Steel Organization. Strong Performance in the Gulf Region The Gulf Cooperation Council (GCC) countries contributed approximately …
Arab countries’ crude steel production increased by 6.3% in June 2025 Read More »
Saudi Iron and Steel Company (Hadeed) has announced its long product prices for August 2025, maintaining stability compared to the previous month. According to the new pricing, the company has kept the price of rebar (12 to 32 mm diameters) at SAR 2,130 per ton (approximately USD 566), while the price of wire rod (6.5 …
“Hadeed” Announces Long Steel Product Prices for August 2025 Read More »
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for July deliveries. The company’s rebar prices have been reduced by SAR 100 (USD 27) per ton, bringing the new rate to SAR 2,130 (USD 566) per ton. Wire rod (6.5-16 mm) saw a smaller reduction of SAR 30 (USD 8) per …
Saudi Iron and Steel Company (Hadeed) announces a decrease in long steel prices for July Read More »
The Kingdom of Saudi Arabia has imposed final anti-dumping duties on imports of steel or stainless steel tubes with longitudinally welded circular sections imported from China and Taiwan. The decision, issued by the Minister of Commerce and Chairman of the General Authority for Foreign Trade, Dr. Majid Al-Qasabi, is effective for five years starting from …
According to the latest report issued by World Steel on crude steel production, Arab countries’ crude steel production reached 3.5 million tons in May, a 5.0% increase compared to May 2024. Egypt topped Arab steel production in May, with 810,000 tons, a decline of -9.5%. Saudi Arabia came in second place with 780,000 tons, a …
Arab countries’ crude steel production increased by 5% in May 2025 Read More »
The board of directors of Indian pipe manufacturer Jindal Saw has approved new international investments totaling $118 million to strengthen its presence in the Middle East. The largest initiative involves the creation of a 100% subsidiary in Abu Dhabi (UAE) to build a seamless pipe plant with a capacity of 300 thousand tons per year. …
Jindal SAW plans to build new plants in the UAE and Saudi Arabia Read More »
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for June deliveries. The company’s rebar prices have been reduced by SAR 50 (USD 13) per ton, bringing the new rate to SAR 2,230 (USD 594) per ton. In contrast, wire rod prices remain unchanged. Hadeed’s wire rod (6.5-16 mm) continues to …
Saudi Iron and Steel Company (Hadeed) Announces Rebar Prices for June Read More »
According to the latest report issued by World Steel on crude steel production, Arab countries’ crude steel production reached 3.4 million tons in April, a 1.7% increase compared to April 2024. Egypt topped Arab steel production in April, with 831,000 tons, a decline of -7.2%. Saudi Arabia came in second place with 757,000 tons, a …
Arab countries’ crude steel production increased by 1.7% in April 2025. Read More »
The rebar market in Saudi Arabia witnessed a slight increase in prices during the period January-April 2025, recording a 2.3% increase compared to the same period last year, according to data from the General Authority for Statistics. According to the official report, the average price per ton of rebar during the months of January-April of …
Saudi Arabia: Rebar Prices Increase by 2.3% in January-April 2025 Read More »
National Iron and Steel Company (Watani Steel) recorded a 41.53% decline in net profits in the first quarter of 2025, compared to the same quarter of 2024. The company’s results revealed a decline in net profits to SAR 2.87 million in the first quarter of this year, compared to profits of SAR 4.91 million for …
Watani Steel’s profits decline by 41.53% in Q1 of 2025 Read More »
The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70 ($19) per ton, bringing the new price to SAR 2,280 ($607) per ton. In contrast, wire rod prices (6.5-16 mm) were increased by SAR 30 ($8) per ton, now set …
Saudi Iron and Steel Company (Hadeed) unveils revised long steel prices for May 2025 Read More »
Mr. Ayman El-Ashry, Chairman of the Cairo Chamber of Commerce and Member of the Federation of Egyptian Industries, stated that the activities of the second day of the Saudi-Egyptian Business Forum, held in the Saudi capital, Riyadh, witnessed tangible positive results that confirm the depth of economic relations between Egypt and Saudi Arabia. El-Ashry explained …
According to the latest World Steel report on crude steel production, Arab countries’ crude steel production reached 3.4 million tons in March, unchanged from March 2024. Egypt topped Arab steel production in March, with 828.3 thousand tons, a decrease of -4.8%. Saudi Arabia came in second rank with 719.3 thousand tons, a decrease of -17.8%. …
Arab countries’ crude steel production increased by 1.0% in Q1 of 2025. Read More »
According to the latest report issued by World Steel on crude steel production, Arab countries’ crude steel production in February reached 3.531 million tons, an increase of 5.4% compared to February 2024. Egypt topped Arab countries in steel production in February, with a production volume of 893.6 thousand tons, a 6.4% increase. Saudi Arabia followed …
Arab countries’ crude steel production increased by 5.4% in February 2025 Read More »
Saudi Iron and Steel Company (Hadeed) has announced that long steel prices will remain unchanged for April deliveries. The company is offering rebar (12-32 mm) at SAR 2,350 ($626) per ton, while wire rod (6.5-16 mm) is set at SAR 2,320 ($618) per ton. Above prices are on a CPT Riyadh basis, excluding 15pct VAT. …
Hadeed leaves long steel prices unchanged for April deliveries Read More »
Riyadh Steel Company, which operates in the steel industry and scrap metal sales, reported a 82% decrease in profits to SAR 2 million by the end of 2024, compared to SAR 11.1 million achieved during the same period in 2023. Summary of financial results (million) Item 2023 2024 Change Revenue 134.20 162.57 21.1 % Gross …
Riyadh Steel profits reach SAR 2 million (-82%) by the end of 2024 Read More »
It is expected that the demand in the Kingdom of Saudi Arabia will witness a decline in demand for rebar due to the slowdown in construction activities in general with the reduction of working hours. The average price level of rebar in Saudi Arabia decreased by 30-50 riyals per ton ($8-13 per ton) compared to …
According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production in January 2025 amounted to 3.6 million tons, down 2% compared to January 2024. Egypt topped Arab countries in steel production during January with a production 890.1 thousand tons, down 9.1%. Saudi Arabia followed with …
Crude steel production in Arab countries declined by 2.0% in January 2025 Read More »
Saudi Iron and Steel Company (Hadeed) has lowered its long steel prices by SAR 50 (USD 13) per ton for March deliveries. The new pricing sets rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm) is now priced at SAR 2,320 (USD 618) per ton. The company has set …
Saudi Iron and Steel Company – Hadeed cuts rebar prices for March deliveries Read More »
The profits of the National Iron and Steel Company – Watani Steel , which works in the production and manufacture of iron blocks and reinforcing steel, rose to 9.9 million riyals by the end of 2024, compared to profits of 4.2 million riyals achieved in the same period in 2023. Item 2023 2024 Change Revenue …
Saudi Arabia: Watani Steel profits 9.9 million riyals by the end of 2024 Read More »
Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been reduced by SAR 70 (USD 18) per ton to SAR 2,370 (USD 631) per ton. Above prices are …
Hadeed updates long steel prices for February deliveries Read More »
The rebar market in Saudi Arabia witnessed a decline in prices in most months of the year 2024 compared to the same period in 2023. The average price of rebar in 2024 amounted to about 2903.81 riyals, a decrease of 3.1% compared to the average price of the same rebar in 2023, which amounted to …
According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production in December 2024 amounted to 3.7 million tons, an increase of 3.2% compared to December 2023. Egypt topped Arab countries in steel production in December with a production volume of 991.2 thousand tons, an increase …
Arab countries’ crude steel production to rise by 2.6% in 2024 Read More »
On the sidelines of the International Mining Conference held in Riyadh, the Mauritanian Minister of Industry and Minerals, Mr. Etiam Tijani, met with the CEO of Hadeed Company and Chairman of the Board of Directors of Takamul Company, Mr. Abdelkader Al-Mubarak, in the presence of the General Manager of SNIM, Eng. Mohamed Fall Ould Talmidi. …
Meeting between Mauritanian Minister of Minerals and Industry and CEO of Hadeed Read More »
Slovenian leading electric steelmaker SIJ Group has signed a $1.54 billion agreement to build a specialized plant in Saudi Arabia, the company’s first investment outside Slovenia. The Slovenian Ministry of Finance said in a statement that the project is part of the long-term industrial development plan in Saudi Arabia, and will be mainly financed by …
In a move aimed at localizing one of the most important elements of the value chains in the metal packaging industry, the National Industrial Company and the Chinese DHX Group signed an agreement to establish the first integrated tinplate production plant in Saudi Arabia. The plant, whose establishment agreement was signed on the sidelines of …
Saudi Iron and Steel Company (Hadeed) revealed strategic acquisitions and investments worth 25 billion riyals to support Saudi Vision 2030 projects, as part of the strategic announcement package for the International Mining Conference in Riyadh. Hadeed also revealed, on the sidelines of the International Mining Conference in Riyadh, the company’s plans to produce 10 million …
The steel industry faces major challenges related to climate change and the need to reduce the carbon footprint, which has long been accused of being one of the main influencers of environmental pollution. It must be acknowledged that the largest countries in the world have made international public opinion aware of the need to take …
The committee announced the update of the Saudi Building Code 2024 system, to replace the current version, based on Article 5 of the Saudi Building Code System, which stipulates that the code be updated every 5 years to keep pace with developments in the construction sector. The update of the Saudi Building Code 2024 system …
Adding 3 construction codes to the Saudi Building Code system Read More »