Steel News

We strive to let you one step ahead of the market.

Middle East boosting global steel and raw materials markets

18 Jun 2025 15:32 reported by Iona Chen

A A A
Saudi Arabia's Ministry of Industry and Mineral Resources has signed a tripartite agreement with Germany's Deutsche Messe and Riyadh Exhibitions Company Ltd., planning to hold the Industry Transformation Expo in December 2025. This initiative aligns with Saudi Arabia's Vision 2030, which emphasizes the introduction of Industry 4.0 technology and the promotion of digitalization in local production.

For the steel industry, Oman is anticipated to emerge as a significant market for steel demand in the steel industry, driven by continuous investments in infrastructure, including manufacturing and logistics.

Moreover, the prices of precious metals are affected by geopolitical tensions and a declining dollar. Platinum and palladium are commonly utilized in the automotive and heavy industries, and the increased prices could create financial strain for manufacturers.

Back to Steel News

Related News

Spain's Celsa weighs sale of Polish steel plant amid ongoing debt reduction efforts

  • Industry Activities
  • 8 Jul 2025 16:47

US & Vietnam reach tariff agreement, benefiting Taiwanese factories in Vietnam

  • Industry Activities
  • 8 Jul 2025 16:38

Saudi Arabia's steel industry advances modernization, cementing regional leadership

  • Industry Activities
  • 7 Jul 2025 14:24

SMS group enhances CELSA Barcelona's mill automation

  • Industry Activities
  • 7 Jul 2025 14:02

thyssenkrupp Steel Europe starts upgraded casting and rolling facilities at Duisburg site

  • Industry Activities
  • 7 Jul 2025 12:14

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,671.50
  • 2,695.00
  • Aluminum
  • 2,565.50
  • 2,564.00
  • Copper
  • 9,892.00
  • 9,815.00
  • Nickel
  • 14,915.00
  • 15,100.00

Learn more