The demand for steel in Turkey has been growing, especially in the real estate sector. However, after the devastating earthquake that occurred on...
Near East
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Oman to build a new steel plant worth $3 billion in 3 years
The construction of the new steel plant is expected to be completed by 2026, after which it will produce five million metric tons of green steel per...
Turkey has excellent prospects in the European steel market - Mediterranean Exporters Association
Exports of ferrous and non-ferrous metals from Turkey in the first nine months of 2022 amounted to $11.1 billion, up 26.5% compared to the same...
Azerbaijan Metallurgical Company signed a number of memorandums with Polish colleagues
Baku Steel Company signed memorandums of cooperation with companies from Poland, represented by metallurgical companies and wholesalers of rolled...
Saudi Arabia implements three $9 billion steel investment projects
The total production capacity of the new steel plants in Saudi Arabia will be 6.2 million tons of steel per year....
Cyber attack forces Iranian steel company to shut down production
In recent years, cyberattacks in Iran have become more common. The country, long under Western sanctions, has slowly upgraded its networks to counter...
Iran boosts direct reduced iron exports by 25% to 1 million tons
One of the most important reasons for the increase in the production of sponge iron in Iran is the creation of new factories. In recent years, thanks...
The government of Saudi Arabia allocated $4 billion for the construction of a new steel plant
The Kingdom seeks to reduce its dependence on oil and invests money earned on "black gold" in the metallurgical and mining industries....
Emirates Steel saves $60 million by streamlining and improving production
The digital transformation plans of the UAE's largest steel company are in line with the fourth industrial revolution, Emirates Steel is...
Iran boosts steel exports by 25% despite US sanctions
In the first months of 2022, Iran ranked first among the world's leading steel producers in terms of production growth, followed by India,...
Iran announced the start of work of the Bushehr nuclear power plant in the near future
February 3, negotiations began in the Austrian capital on the renewal of the international nuclear agreement with Iran....
Oil prices are preparing to reach the milestone of $100 per barrel
The rapid rise in oil prices, which began this year, will continue without a doubt. Proof of this was the increase in oil prices announced by the...
France offers military support to UAE sheikhs
France is ready to send its fighter jets to the emirates to search for and destroy drones and ballistic missiles attacking the UAE in the past two...
Power outages halt steel production in Turkey
A decision was made to suspend the supply of electricity to industrial enterprises for three days, and every second of downtime is a huge financial...
Gas cuts to hit steel production in Turkey
Turkish steel industry's problems exacerbated by natural gas restrictions...
Saudi Arabia launches Korean green hydrogen project
Three major Korean companies will jointly promote a green hydrogen production project based on new and renewable energy sources in Saudi Arabia....
Israel orders three Dakar-class submarines from Germany
A large order went to the German concern ThyssenKrupp....
Saudi Arabia kicks off one of the largest sustainable hydrogen projects in the world
German technology group thyssenkrupp has signed a contract to install a 2 GW electrolysis system for Air Products at NEOM....
Ukrainian stainless pipes will be used in desalination projects in the Middle East
The Nikopol stainless pipe manufacturer Centravis enters the Qatar market by signing a distribution agreement with Qatar's Petro-Q, serving the...
Qatar has declared its inability to "bring down" world gas prices and urged to prepare for the worst
Qatar, the world's largest trader of liquefied natural gas (LNG), told consumers it was powerless to lower energy prices after UK steelmakers...
Stocks of uranium enriched to 20% in Iran exceeded 120 kilograms
Iranian officials talk about 20% enriched uranium. Above this level, uranium is considered highly enriched and can be used for military purposes....
UAE to become first country in the Middle East with zero CO2 emissions by 2050
The announcement comes amid plans by state-owned Adnoc in Abi Dhabi to increase production capacity from just over 4 million barrels per day to 5...
Turkey boosts chances of smelting record 40 million tonnes of steel in 2021
In the near future, Turkey expects to maintain the 7th place in the list of the world's largest steel producers and will continue to improve its...
United Arab Emirates hopes to end US steel import duties soon
In the UAE, steel production is represented by the only integrated producer Emirates Steel, which recently received government support in the form...
Iran could mislead World Steel Association for propaganda purposes - Iran International
Over the past three months, steel production in Iran has fallen by half amid problems in Afghanistan, a shortage of electricity and restrictions on...
UAE energy and metallurgists begin project to produce the first "green steel" in the region
TAQA and Emirates Steel signed an agreement to develop a large-scale green hydrogen steel project and optimize production....
Pakistani coal mine explodes: there may be several fatalities
Coal mines in Baluchistan province are notorious for accidental explosions that have killed many people....
King of Saudi Arabia by his decree lowered domestic gasoline prices to $ 0.60 per liter
The Saudi Arabian authorities are concerned about rising inflation and rising costs of living for citizens, and intend to revive economic growth....
Iran's decision to produce uranium metal could drive up oil prices
The likelihood that international sanctions will not be lifted from Iran is very high. The continuation of the sanctions restrictions will not allow...
Emirates Steel, a leading steel company in the Middle East, is acquired by Arkan Building Materials Company
The deal will allow Arkan Building Materials Company to become the starting point for investment in the core sector of the region's economy,...
