Emsteel Group announced strong financial and operational results for the first nine months of 2025, as the company continued to strengthen its position as one of the largest steel and building materials producers in the region. This performance was driven by robust domestic demand in the UAE and the Group’s efficiency in capitalizing on emerging …
Emsteel Reports Strong Performance in the First Nine Months of 2025 Read More »
Egyptian Steel is preparing to implement an ambitious investment plan worth nearly EGP 2 billion over the next 18 months, starting at the beginning of next year, according to Abdel Fattah Siam, General Manager of the company’s Alexandria plant, in statements to Al Arabiya Business on the sidelines of the Trans MEA exhibition. Siam explained …
Al Buraimi Industrial City, affiliated with the Public Establishment for Industrial Estates “Madayn”, has signed an investment contract with Sohar steel and Billet Company to establish an integrated industrial project for the production of steel, as well as the manufacturing of aluminum and non-ferrous metal sheets and profiles. The project will be built on an …
Emsteel Group, in collaboration with e& UAE, has launched the world’s first private advanced 5G network in the manufacturing sector — a major step toward enhancing digital transformation, operational efficiency, safety, and sustainability across its industrial facilities. This initiative supports the UAE’s national strategy for industry and advanced technology, “Operation 300bn,” which aims to develop …
Emsteel and e& Launch the First Private Advanced 5G Network in the Manufacturing Sector Read More »
Foulath Holding, the parent company of Bahrain Steel and SULB, has announced the signing of a partnership agreement with Yellow Door Energy to develop a 123-megawatt solar power project in the Kingdom of Bahrain — one of the largest industrial-scale solar energy projects in the world. The project will be implemented under a Power Purchase …
Foulath Holding Signs Agreement for the World’s Largest Rooftop Solar Project Read More »
Watani Iron and Steel Company (Watani Steel), which specializes in the production and manufacturing of steel billets and rebar, reported losses of SAR 3.5 million for the first nine months of 2025, compared to a profit of SAR 2.2 million during the same period of the previous year. The company explained that the losses were mainly …
Watani Steel loses SAR 3.5M in first nine months of 2025 Read More »
Rebar prices in the Egyptian local market witnessed relative stability during today’s trading, as most companies maintained their previous price levels with no significant changes, while one company recorded a price decrease. Ezz Steel’s rebar price stood at EGP 38,200 per ton, while Suez Steel and Egyptian Steel maintained their prices at EGP 35,000 and …
The financial statements of the National Steel Industry Company (NAST), listed on the Amman Stock Exchange, revealed that its profits more than doubled during the first nine months of 2025 compared to the same period in 2024. The company reported profits of 272.13 thousand dinars (approximately USD 383.91 thousand), compared to 89.17 thousand dinars (approximately …
Jordan: National Steel Industry Doubles Its Profits Over Nine Months Read More »
The General Authority of Customs and Qatar Steel Company have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation to establish regulations and procedures for restricting the export of iron scrap (metal waste) outside the State of Qatar, in line with applicable laws and regulations. The MoU was signed by Mr. Ahmed Yousuf Al-Sahl, …
Qatar Customs and Qatar Steel Sign MoU to Restrict Iron Scrap Exports Read More »
Saudi Steel Pipes Company, a producer of steel pipes, reported a net profit of SAR 147 million for the first nine months of 2025, down from SAR 158 million during the same period in 2024. The company attributed the profit decline to the following factors: – Lower revenues, resulting from decreased sales volumes. Despite this …
Saudi Pipes Reports SAR 147 Million Profit for the First Nine Months of 2025 Read More »
Arabian Pipes Company (APC), which specializes in the production and sale of steel pipes, reported a 34% decline in net profit, reaching SAR 102.4 million by the end of the first nine months of 2025, compared to SAR 155.7 million recorded during the same period in 2024. The company attributed the profit drop to the …
The financial indicators of Iron and Steel for Mines and Quarries Co. revealed a significant improvement in performance in the first quarter of the current fiscal year, with the company’s net profit soaring by 238% year-on-year. According to the company’s statement to the Egyptian Exchange (EGX), net profit reached EGP 80.49 million for the period …
Rebar prices in the Egyptian local market witnessed relative stability during today’s trading, as most companies maintained their previous price levels without significant change, while one company recorded a slight decline in its prices. Ezz Steel’s price stood at EGP 38,200 per ton, while Suez Steel and Egyptian Steel remained stable at EGP 35,000 and …
Prime Minister Dr. Mostafa Madbouly inaugurated the “Qing Shan” steel pipe factory during his visit to the integrated Sokhna Industrial Zone, which falls under the General Authority for the Suez Canal Economic Zone. The factory is located within the “Teda Egypt” industrial developer area. During the opening ceremony, Madbouly stated that this project comes as …
Prime Minister Inaugurates “Qing Shan” Steel Pipe Factory with $4.5 Million Investment Read More »
Crude steel production in Arab countries reached 3.9 million tons in September 2025, marking a 15.1% increase compared to September of the previous year. Meanwhile, total production from January to September reached 32.3 million tons, up 7.5% year-on-year, according to the latest data from the World Steel Association (World Steel). This reflects the continued recovery …
Crude steel production in Arab countries increased by 7.5% in Jan. -Sep. 2025. Read More »
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for November 2025. Prices for rebar (12–32 mm) increased by SAR 25 (USD 7) to reach SAR 2,080 (USD 555) per ton, while wire rod (6.5–16 mm) prices remained unchanged at SAR 2,245 (USD 599) per ton compared to the previous month. …
Saudi Arabia: Hadeed Announces Steel Prices for November Read More »
Emirates Steel, a subsidiary of EMSTEEL Group, has announced an increase of AED 58 (approximately USD 16) per ton in its rebar prices for November 2025 production. The new price stands at AED 2,648 (around USD 721) per ton, compared to AED 2,590 (USD 705) per ton in October, ex-works (EXW). The company noted that …
Emirates Steel raises rebar prices for November 2025 Read More »
According to data released by the General Authority for Statistics in Saudi Arabia on rebar prices in the local market — a copy of which was obtained by the Arab Iron and Steel Union
The first training program on Direct Reduction Technologies (DRI) has commenced as part of a series of specialized technical training programs organized by the Arab Iron and Steel Union (AISU) in cooperation with Ezz Steel. The program runs from October 19 to October 30, 2025, with the participation of several technical professionals from member companies …
Rebar prices in the Egyptian local market remained relatively stable during the third week of October 2025 compared to the previous week, with minor movements recorded among some producers. Ezz Steel maintained its price at EGP 38,200 per ton, with no change from last week, while Suez Steel also remained stable at EGP 35,000 per …
According to data issued by the Ministry of Supply and Internal Trade on Egypt’s steel industry, which the Arab Iron and Steel Union has obtained, there was a decline in rebar production and sales during the first nine months of 2025 compared to the same period in 2024, amid a decrease in average local prices.
The UAE Ministry of Foreign Trade has initiated an anti-dumping investigation into imports of heavy steel sections from China, following a complaint filed by Emirates Steel, the sole local producer of these products. The complaint alleges that Chinese exporters are selling their products at prices below their normal value in the domestic market, causing harm …
UAE launches anti-dumping investigation into Chinese steel sections Read More »
Eng. Ahmed Ezz, Chairman of the Arab Iron and Steel Union and Chairman of Ezz Steel, emphasized that recent decisions to impose customs tariffs to protect national industries reflect a fundamental shift in the global economic philosophy toward greater protectionism, noting that “the idea of a borderless global village no longer exists.” In an interview …
Jassim Al-Abbas, General Manager of Marketing, Sales, and Business Development at Al-Ittefaq Steel, confirmed that domestic steel demand in Saudi Arabia stands at around 7.5 million tons annually, while the total installed production capacity of all steel plants in the Kingdom is approximately 15 million tons per year. Speaking to Argaam on the sidelines of …
Al-Ittefaq Steel: No Slowdown in Demand; Scrap Prices Continue to Rise Amid Shortage Read More »
Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, participated alongside Bandar Al-Khorayef, Saudi Minister of Industry and Mineral Resources, in the ministerial session titled “Empowering the Localization of the Iron Value Chain to Support Economic Growth and Income Diversification”, held within the framework of the 3rd Saudi …
Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef revealed the completion of studies to determine the optimal options to address the local market deficit and reduce steel flat product imports. He noted that there are investment opportunities worth around SAR 60 billion, distributed across a range of key products vital to the Kingdom’s …
Minister of Industry: SAR 60 Billion in New Investment Opportunities in the Steel Sector Read More »
Bandar Al-Sulaim, Chairman of the National Committee for the Steel Industry, stated that demand for steel products in Saudi Arabia and the Arab world has witnessed positive growth in recent years. In an interview with Argaam, Al-Sulaim expressed optimism that this momentum will continue in the coming years, supported by the mega projects associated with …
The customs authorities in the United Arab Emirates have extended the implementation of the decision to raise customs duties on rebar and wire rod from 5% to 10%, with the measure remaining in effect until October 12, 2026. The decision was issued through Dubai Customs Circular No. 14/2025, based on the Federal Authority for Identity, …
UAE Extends 10% import tax for Rebar Until October 2026 Read More »
Rebar prices in the Egyptian domestic market witnessed a significant decline during the second week of October 2025, compared to the week before last. Ezz Steel maintained its price at EGP 38,200 per ton with no change, while Al-Suez Steel dropped to EGP 35,000 per ton, marking a decrease of EGP 2,900. El-Marakby Steel also …
The Egyptian Stock Exchange has announced the details of Al-Organi for Development and Investment’s acquisition of a 26.25% stake in Misr National Steel Company – Ataqa. Al-Organi for Development purchased around 315 million shares of Ataqa’s capital for a total value of EGP 1.9 billion, at an average price of EGP 6.04 per share. As …
Egypt Stock Exchange announces details of Al-Organi’s acquisition of a stake in Ataqa Read More »