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Middle East News

9Aug
Saudi scrap slides, billet unchanged

The Saudi Arabian billet market is quiet this week, with few transactions taking place. After billet …

9Aug
UAE scrap prices trend up, billet steady

The fully integrated benchmark mill in the United Arab Emirates drastically increased its scrap buying quotes …

9Aug
Turkey’s Erdemir sinks to first-half loss

Erdemir reported a net loss of $181 million in the first half of 2023 versus a …

9Aug
Saudi wealth fund eyes rebar mill acquisition: sources

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is mulling acquiring a stake in …

9Aug
G5PS first-half revenue jumps, swings to profit

Saudi Arabian pipemaker Group Five Pipe Saudi (G5PS)’s earnings jumped in the first half of 2023 …

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