14,375.40 TRY BIST 100 BIST 100
52.55 EUR EUR EUR
44.93 USD USD USD
6.61 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
98.48 USD Fossil Oil Fossil Oil
6.05 USD Copper Copper
113.27 USD Silver Silver
106.82 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,887.57 TRY Gold (gr) Gold (gr)
107.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Strategic agreement between NMDC Group and Jiangsu Juxin Petroleum Steel Pipe

NMDC Group has signed a Memorandum of Understanding with Chinese company Jiangsu Juxin to explore the establishment of a joint manufacturing facility in the UAE for steel pipes used in the dredging sector. The agreement aims to strengthen industrial cooperation between the UAE and China.

Strategic agreement between NMDC Group and Jiangsu Juxin Petroleum Steel Pipe

NMDC Group, a global leader in engineering, procurement, construction, and marine dredging based in Abu Dhabi, has announced the signing of a Memorandum of Understanding (MoU) with Jiangsu Juxin Petroleum Steel Pipe, a steel pipe manufacturer based in China. The agreement aims to explore the possibility of setting up a joint production facility in the UAE to manufacture metallic pipes, primarily for use in dredging and other infrastructure projects.

Jiangsu Juxin specializes in the production of spiral and longitudinal seam welded steel pipes and supplies products for a wide range of projects including offshore wind energy, bridges, port piling, subways, and high-speed rail foundations. Through this collaboration, NMDC Group aims not only to enhance its technical capabilities but also to contribute to the UAE’s industrialization agenda. The initiative stands as a concrete example of the growing energy and manufacturing ties between the UAE and China.

Yasser Zaghloul, CEO of NMDC Group, stated that the partnership will strengthen the local industrial base while delivering sustainable and innovative infrastructure solutions on a global scale. He emphasized that along with previously announced strategic alliances, the Group remains committed to driving the UAE’s economic transformation while actively pursuing projects in Saudi Arabia, Oman, Taiwan, and Vietnam.

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

NLMK Indiana received the Gold Reliability Achievement Award with its EAF modernization project carried out with Primetals

Wednesday, April 22, 2026

Kosovo Türkiye trade volume approaches USD 1 billion

Wednesday, April 22, 2026

ArcelorMittal publishes 2025 Sustainability Report

Friday, April 24, 2026

Salzgitter accelerates transformation despite challenging conditions in 2025

Friday, April 24, 2026

Jörg Feger says Türkiye–EU steel trade is an indispensable economic partnership

Wednesday, April 22, 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