13,051.69 TRY BIST 100 BIST 100
44.51 USD USD USD
6.51 CNY CNY CNY
51.38 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.74 TRY Interest Interest
109.03 USD Fossil Oil Fossil Oil
5.58 USD Copper Copper
104.33 USD Silver Silver
106.08 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,703.63 TRY Gold (gr) Gold (gr)
108.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Kuwait announces opening of new steel recycling plant in 2025

Metal & Recycling Company (MRC) will launch its new steel recycling plant in the first quarter of 2025, with an annual capacity to process 60,000 tonnes of scrap metal. The project supports Kuwait’s sustainability goals while aiming to reduce reliance on imported steel.

Kuwait announces opening of new steel recycling plant in 2025

Kuwait-based Metal & Recycling Company (MRC) has announced plans to launch a new steel recycling plant with the capacity to process 60,000 tonnes of scrap metal annually, expected to begin operations in the first quarter of 2025. The investment is projected to prevent between 20,000 and 90,000 tonnes of CO₂ emissions per year.

The facility will address gaps in the country's industrial waste management sector, while providing local manufacturers with cost-effective raw materials. By reducing dependence on imported steel, the initiative aligns with Kuwait’s Vision 2035 and directly contributes to the nation’s sustainable industrial development goals.

Equipped with advanced technology, the plant will feature automated sorting systems, energy-efficient production lines, and environmentally friendly filtration solutions. The project is also expected to support local employment and is seen as part of a broader strategy for environmentally responsible economic growth.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kardemir, Türkiye’s heavy industry pioneer, is 89 years old

Friday, April 3, 2026

AISI supports Trump’s move on Section 232 steel tariffs

Friday, April 3, 2026

U.S. steel shipments rose 5.1% year-on-year in February

Friday, April 3, 2026

Türkiye's iron ore imports in February increased by 180% as yearly

Friday, April 3, 2026

Zaporizhstal has announced its first-quarter production figures

Friday, April 3, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now