MENA News — GMK Center https://gmk.center/en/tag/mena-en/ This is an informational-analytical, discussion platform Thu, 18 Jun 2026 06:50:48 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png MENA News — GMK Center https://gmk.center/en/tag/mena-en/ 32 32 <![CDATA[DRI Expansion vs Pellet Gap: Production Surge & Feedstock Crunch]]> https://gmk.center/en/infographic/dri-expansion-vs-pellet-gap-production-surge-feedstock-crunch/ Thu, 18 Jun 2026 09:00:03 +0000 https://gmk.center/?post_type=infographic&p=125123 Steel decarbonization is a complex challenge, but securing suitable feedstocks is emerging as a central concern. Direct reduced iron (DRI) remains the primary route for lower-carbon steelmaking, and global momentum is strong. Industry data show 54 announced DRI projects totaling 134 million tonnes of annual capacity. The EU leads the project pipeline, but the MENA […]

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]]> <![CDATA[Production costs for green steel in the EU make it uncompetitive – Fastmarkets]]> https://gmk.center/en/news/production-costs-for-green-steel-in-the-eu-make-it-uncompetitive-fastmarkets/ Tue, 17 Mar 2026 12:54:12 +0000 https://gmk.center/?post_type=news&p=121484 The cost of producing “green” steel in the EU calls its competitiveness into question. This is according to a study by Fastmarkets experts. Green steel production in Europe is growing rapidly thanks to policy incentives, early capital investments, and government funding. However, despite the EU’s leadership in announced and under-construction capacity, competing regions hold significant […]

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]]> <![CDATA[MENA will need an additional 30-40 million tons of DR pellets in the near future]]> https://gmk.center/en/news/mena-will-need-an-additional-30-40-million-tons-of-dr-pellets-in-the-near-future/ Mon, 24 Nov 2025 13:14:06 +0000 https://gmk.center/?post_type=news&p=116511 With the growth of direct reduced iron (DRI) production and planned projects, the MENA region will need more high-quality DR pellets in the near future. This was discussed at the Middle East Iron and Steel Conference (MEIS) held last week, according to SteelOrbis. Direct reduction capacity in MENA (excluding Iran) is expected to grow by […]

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]]> <![CDATA[MENA region can become a leader in the race for green steel – IEEFA]]> https://gmk.center/en/news/mena-region-can-become-a-leader-in-the-race-for-green-steel-ieefa/ Sat, 21 Sep 2024 08:56:38 +0000 https://gmk.center/?post_type=news&p=100571 Steelmakers in the Middle East and North Africa (MENA) have a chance to take advantage of their advantages and become leaders in global efforts to decarbonize steel production. This is stated in a study by the Institute for Energy Economic and Financial Analysis (IEEFA). The MENA steel industry must rapidly incorporate renewable energy sources into […]

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]]> <![CDATA[ANNOUNCEMENT: MENA Green Steel Summit 2024]]> https://gmk.center/en/news/announcement-mena-green-steel-summit-2024/ Wed, 10 Jul 2024 12:05:53 +0000 https://gmk.center/?post_type=news&p=98451 MENA Green Steel Summit 2024 will be held in Dubai (UAE) on September 11-12. The event will bring together professionals from the steel industry, as well as other industries and stakeholders to discuss the situation and trends in green steel development in the MENA region (Middle East and North Africa). The event will also showcase […]

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]]> <![CDATA[MENA region can become a leader in the production of DRI and green steel]]> https://gmk.center/en/news/mena-region-can-become-a-leader-in-the-production-of-dri-and-green-steel/ Fri, 17 Nov 2023 13:30:16 +0000 https://gmk.center/?post_type=news&p=90682 The MENA region (Middle East and North Africa) could become a global leader in green steel production and direct reduced iron (DRI) trade. This is stated in a study by the Institute for Energy Economics and Financial Analysis (IEEFA). The region is well positioned to supply India, a key growth market, and demand centers for […]

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]]> <![CDATA[Demand for steel in the MENA region will grow by 0.6% y/y in 2023 – forecast]]> https://gmk.center/en/news/demand-for-steel-in-the-mena-region-will-grow-by-0-6-y-y-in-2023-forecast/ Mon, 24 Apr 2023 13:10:20 +0000 https://gmk.center/?post_type=news&p=82648 The demand for steel in the MENA region in 2023 will grow by 0.6% in annual terms – up to 70.2 million tons. This assessment was given by the World Steel Association (WSA) in its short-term forecast, reports Metal Expert. The impact of global factors will have a greater impact on the demand for steel […]

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]]> <![CDATA[Impact of Russian-Ukrainian war on global iron & steel trade flows]]> https://gmk.center/en/opinion/impact-of-russian-ukrainian-war-on-global-iron-steel-trade-flows/ Tue, 20 Dec 2022 09:31:57 +0000 https://gmk.center/?post_type=opinion&p=76310 The first wave The first wave of negative war effects includes supply disruptions due to idling steel plants in Ukraine. Majority of steel plants were stopped in the beginning of the war. In December only 2 steel plants work. Their capacities utilization does not exceed 30%. Such low utilization is explained by logistics and energy […]

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]]> <![CDATA[MENA rebar producers are losing $50-70 million per month due to changes in global trade flows]]> https://gmk.center/en/news/mena-rebar-producers-are-losing-50-70-million-per-month-due-to-changes-in-global-trade-flows/ Wed, 14 Dec 2022 08:58:39 +0000 https://gmk.center/?post_type=news&p=76000 The Russian invasion of Ukraine caused a change in global trade flows in the steel market. Initially, producers raised prices to compensate for losses from disruptions in supply chains. Later, prices began to fall due to the increased activity of exporters in search of new sales directions. Stanislav Zinchenko, CEO of GMK Center, told about […]

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]]> <![CDATA[MENA region lost 1.7 million tons of iron ore due to the blocking of Ukrainian ports – Stanislav Zinchenko]]> https://gmk.center/en/news/mena-region-lost-1-7-million-tons-of-iron-ore-due-to-the-blocking-of-ukrainian-ports-stanislav-zinchenko/ Tue, 13 Dec 2022 09:48:49 +0000 https://gmk.center/?post_type=news&p=75938 After the start of the Russian invasion of Ukraine, the export of Ukrainian iron ore to the MENA region ceased. In 2021, the volume of deliveries was 1.7 million tons. Stanislav Zinchenko, CEO of GMK Center, told about it in his speech at the Fastmarkets annual conference «Middle East Iron & Steel 2022» in Dubai […]

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]]> <![CDATA[The MENA region is a potential new hub for green steel]]> https://gmk.center/en/news/the-mena-region-is-a-potential-new-hub-for-green-steel/ Mon, 12 Dec 2022 06:54:42 +0000 https://gmk.center/?post_type=news&p=75814 The MENA (Middle East and North Africa) region has high-quality iron ore reserves, DRI production capacity, and renewable energy potential, giving it advantages for green steel production. It is stated in a publication of the Institute of Energy Economics and Financial Analysis (IEEFA). In particular, during the climate summit COP27 held in November 2022, Egypt, […]

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]]> <![CDATA[ANNOUNCEMENT: Fastmarkets Middle East Iron & Steel Conference 2022]]> https://gmk.center/en/news/announcement-middle-east-iron-steel-conference-2022/ Tue, 25 Oct 2022 13:35:26 +0000 https://gmk.center/?post_type=news&p=73463 On December 12-14, 2022, Dubai (UAE) will host the largest annual conference of the steel industry in the MENA region – Middle East Iron & Steel Conference 2022. Over the course of three days, leaders of steel companies in the region will discuss market dynamics and steel price trends in the Middle East, analyze raw […]

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