Steel industry news - Middle East & Africa.
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Steel News - Middle East Region

Latest steel industry headlines


Egypts Ezz Steel sees earnings increase 113% in H1
Thu, 29 Sep 2016 11:11:00 +0100
Earnings at Egyptian steelmaker Ezz Steel increased by 113% year-on-year in the first half of 2016, according to a financial statement published on Thursday September 29. Egypt's biggest steel producer reported earnings before interest, taxes ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=F7358623686546D6BB63232100EA2424&url=https://www.metalbulletin.com/Article/3589598/Egypts-Ezz-Steel-sees-earnings-increase-113-in-H1.html&c=13120563043029050865&mkt=en-gb


Ezzsteel reports consolidated H1 2016 results
Thu, 29 Sep 2016 02:21:00 +0100
ezzsteel (formerly: Al Ezz Steel Rebars) is the largest independent steel producer in the Middle East and North Africa, and the Egyptian market leader, with a total actual capacity of 5.8 million tonnes of finished steel. In 2015, the Company produced 3.2 ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=F7358623686546D6BB63232100EA2424&url=https://www.trustnet.com/Investments/Article.aspx%3Fid%3D201609290700061317L&c=9088332928378022556&mkt=en-gb


Turkish domestic flat steel prices stable as demand picks up Metal ...
Tue, 27 Sep 2016 13:39:05 +0100
Flat steel prices in the Turkish domestic market have remained stable over the past week, while demand was said to be picking up.
https://www.metalbulletin.com/Article/3588780/Latest-news/Turkish-domestic-flat-steel-prices-stable-as-demand-picks-up.html


FDI falls 53 percent in July-August
Tue, 27 Sep 2016 13:02:00 +0100
He termed the inconsistent economic policies as the reason behind the downward trend in the FDI. Referring to the rollback of investment from Tuwairqi Steel Mills, he said investors are assured of gas supply at the time of agreement, but they are denied of ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=BA39A1C4523A43ADA0D1C13B38E0A57F&url=http://www.4-traders.com/news/FDI-falls-53-percent-in-July-August--23122962/&c=6182613801143329060&mkt=en-gb


Egypt steel producers increase prices by 5% on newly-adopted VAT
Sun, 25 Sep 2016 14:10:00 +0100
Ezz Steel, which controls more than half the country's steel market, has rose its prices by 4.6 percent since the beginning of this September to 6278 Egyptian pounds ($707) per tonne, from 6000 pounds. For Beshay Steel Company, prices hiked 3.7 percent to ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=F53D2860C39C41BAAC53107646796604&url=http://www.amwalalghad.com/en/the-watch/forex-news/50787-egypt-steel-producers-increase-prices-by-5-on-newly-adopted-vat.html&c=5915830566005601220&mkt=en-gb


Crude steel output up by 4.7 pct in Jan-Aug 2016 YoY - MESteel
Sun, 25 Sep 2016 13:26:13 +0100
According to the Turkish Iron and Steel Producers' Association (TCUD) statement, Turkish crude steel production in August 2016 was up by 12.9 pct to 2.85 mln tons YoY. In the same month, steel production by electric arc furnace was accounted for 1.89 ...
http://www.steelmillsoftheworld.com/news/newsdisplay_moreover.asp?slno%3D45554


Govt. plans to halt iron ore exports from March 2017, to focus on ...
Sun, 25 Sep 2016 13:11:02 +0100
Iran is planning to halt the export of raw iron ore from March 2017 and instead sell processed form of the steelmaking ingredient to maximise returns under an era of low prices, an industry official said on Friday. Tehran, which currently exports iron ...
http://www.steelmillsoftheworld.com/news/newsdisplay_moreover.asp?slno%3D45551


Oman showcases 15 downstream investment opportunities in Sohar - ...
Sun, 25 Sep 2016 11:05:05 +0100
These investment opportunities of downstream projects, presented by the Sultanate's leading iron and steel producer Jindal Shadeed Iron and Steel in association with the Ministry of Commerce and Industry, include manufacturing units for wire nail ...
https://www.zawya.com/mena/en/story/Oman_showcases_15_downstream_investment_opportunities_in_Sohar-ZAWYA20160925043105/


Iran produces over 1m tons of sponge iron
Sun, 25 Sep 2016 09:42:00 +0100
According to IMIDRO, Iranian steel producers cast 7.588 million tons of steel ingots during the five months to August 21, marking a 5.3-percent rise compared to 7.206 million tons for the same period last year. Production of crude steel during July 22 ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=EE63A4510387485EB9992A2696531485&url=http://www.iran-daily.com/News/169273.html&c=18374397385168426775&mkt=en-gb


Egypts Al Ezz Dekheila reports more losses in Q2 and H1
Sun, 25 Sep 2016 08:55:00 +0100
Egypt's Al Ezz Dekheila Steel - Alexandria (IRAX.CA), a unit of Ezz Steel, announced on Tuesday it recorded deeper losses in both the second quarter and the first half of the year. According to standalone business results, second quarter losses widened ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=5301056997B641D0A004487FA2D5CD7F&url=http://www.amwalalghad.com/en/investment-news/industry-trade/50780-egypts-al-ezz-dekheila-reports-more-losses-in-q2-and-h1.html&c=10671566597252982388&mkt=en-gb


Ministry, Jindal Shadeed present 15 downstream investment opportunities ...
Sat, 24 Sep 2016 15:33:51 +0100
These investment opportunities of downstream projects, presented by the Sultanate's leading iron and steel producer Jindal Shadeed Iron and Steel in association with the Ministry of Commerce and Industry, include manufacturing units for wire nail ...
http://timesofoman.com/article/92812/Business/Ministry-Jindal-Shadeed-present-15-downstream-investment-opportunities-in-Sohar


PT-STEEL. POWER TECH. for METAL FABRICATIONS ENGINEERING, PROCUREMENT ...
Fri, 23 Sep 2016 20:38:00 +0100
Co. RAWABI Specialized Enclosure Ma den through AM Cont SABIC and SASREF thru' KICL Hadeed, SABIC thru' ABB, Jubail Fabrication and supply of Misc Steel Structure Fabrication and supply of Misc Steel Structure for Tasnee, Jubail 150,000 Completed 110,000 ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=6DDFBB555E2346A7BAA9855516DE756A&url=http://docplayer.net/22731186-Pt-steel-power-tech-for-metal-fabrications-engineering-procurement-and-construction-iso-9001-2008-certified.html&c=17308507585024135332&mkt=en-gb


Iran to become strategic metal producer
Sat, 17 Sep 2016 07:32:00 +0100
Kahnuj is carried out jointly by Iran's state-owned mines and metal holding company IMIDRO and Armenia's EcoAtom in a scheme ... according to head of the board of directors of Makran Steel Jamshid Jahanbakhsh Tehrani. Iran needs more than $4.2 ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=E978AE5979D44294B85F8447225F0F23&url=http://theiranproject.com/blog/2016/09/17/iran-become-strategic-metal-producer/&c=16263934964810852492&mkt=en-gb


Turkish steel scrap import prices static in quiet holiday trade - ...
Tue, 13 Sep 2016 14:40:14 +0100
Platts Steel Markets Daily is a leading source for steel raw materials news and prices. It is the only publication that provides global metallurgical coal spot prices on a daily basis, two iron ore benchmark assessments in one report (Platts IODEX and ...
http://www.platts.com/latest-news/metals/liverpool/turkish-steel-scrap-import-prices-static-in-quiet-26544156


Oman manufacturer wins contract from Daleel Petroleum - Zawya
Mon, 12 Sep 2016 06:51:24 +0100
Further, in order to secure the steel pipes against the corrosive effects of the sour products that will be pumped through the pipeline, the pipes will be coated with the company's 3LPE system, which is a multi-layer coating structure composed of three ...
http://www.zawya.com/mena/en/story/Oman_manufacturer_wins_contract_from_Daleel_Petroleum-ZAWYA20160912051454/


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