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

Latest steel industry headlines


STEEL WEEK IN BRIEF: Scrap prices rise slowly, billet prices ...
Sat, 24 Jun 2017 11:33:00 GMT
Turkish steel producers booked deep-sea scrap at a slow pace during ... In China, delegates at an industry conference in Zhengzhou, Henan province, said that ferrous scrap prices in the country have bottomed out, but gains are likely to be limited.
https%3a%2f%2fwww.metalbulletin.com%2fArticle%2f3727793%2fOres-and-alloys%2fSTEEL-WEEK-IN-BRIEF-Scrap-prices-rise-slowly-billet-prices-up-Section-232-dominates-in-USA.html&c=11773123276966704221&mkt=en-gb


Mideast May direct reduction iron producers' output trends mixed: ...
Wed, 21 Jun 2017 05:53:00 GMT
Qatari DRI output of 219,000 mt, and Saudi Arabian producer Hadeed's 400,000 mt marked falls both against ... improving indicative fundamentals with regional spot prices of rebar steel, merchant pig iron and ferrous scrap in May. The analysis uses fised ...
https%3a%2f%2fwww.platts.com%2flatest-news%2fmetals%2flondon%2fmideast-may-direct-reduction-iron-producers-output-26756744&c=10863182496939372241&mkt=en-gb


Should Trump clamp down on foreign steel What if it causes you ...
Wed, 21 Jun 2017 04:05:00 GMT
What's the problem, then Domestic steelmakers say other countries, including Canada, Mexico, Vietnam, Brazil and Turkey, still export a massive amount of steel to the United States. Sometimes the United States wins a trade case against one or more of ...
http%3a%2f%2fwww.cleveland.com%2fnation%2findex.ssf%2f2017%2f06%2fif_trump_clamps_down_on_foreig.html&c=2829415185204418618&mkt=en-gb


Disappearing CNG metro buses frustrate commuters
Tue, 20 Jun 2017 19:34:00 GMT
KARACHI: The compressed natural gas (CNG) buses of the Karachi Metropolitan Corporation (KMC), Green Metro Bus Service, have almost disappeared from the route of Kaimari to Pakistan Steels residential area of Gulshan-i-Hadeed via Sharea Faisal.
https%3a%2f%2fwww.dawn.com%2fnews%2f1340714&c=685740646532385094&mkt=en-gb


Steel Market is expected to reach USD 1.01 trillion by 2025
Tue, 20 Jun 2017 16:15:00 GMT
Hamriyah Steel FZC, Al Nasser Industrial Enterprises LLC, United Iron & Steel Co., Al Ghurair Iron & Steel Co., Al Rajhi Steel, Absal Steel, ArcelorMittal, Hadeed (SABIC), and Solb Steel Company among others
http%3a%2f%2fwww.prnewswire.com%2fnews-releases%2fsteel-market-is-expected-to-reach-usd-101-trillion-by-2025-300477141.html&c=14029143710349048107&mkt=en-gb


Iran produces over 6m tons of iron ore concentrates in two months
Sun, 18 Jun 2017 17:00:00 GMT
Based on IMIDRO report, six major domestic mining companies produced ... The plant owned by Khorasan Steel Complex Company will have a capacity to produce 2.5 million metric tons of pellet feed grade iron ore concentrate per year.
http%3a%2f%2firan-daily.com%2fNews%2f195088.html&c=2133466582101891259&mkt=en-gb


Iran exports over $1b of mine products in two months
Sun, 18 Jun 2017 07:43:00 GMT
The MoUs envisage joint investments in steel production in southern Iran in an area stretching ... In the ventures, Italy's Danieli will hold a 60-percent stake while IMIDRO will take 40 percent, Karbasian added. The Italians are also about to partner ...
http%3a%2f%2firan-daily.com%2fNews%2f195017.html&c=11747519501045696786&mkt=en-gb


High carbon bearing steel market report for scrutinized in new ...
Fri, 16 Jun 2017 08:04:00 GMT
This report studies High Carbon Bearing Steel in Global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia, Australia, Brazil, Middle East and Africa, focuses on the top ...
https%3a%2f%2fwww.whatech.com%2fmarket-research%2findustrial%2f320590-high-carbon-bearing-steel-market-report-for-scrutinized-in-new-research&c=18243089694359005551&mkt=en-gb


Oil price fall has mixed impact on Gulf, Doha extends recovery
Thu, 15 Jun 2017 12:34:00 GMT
In Egypt, Ezz Steel rose 0.5 percent, outperforming the index, which fell 0.2 percent. Late on Wednesday the country's largest steel maker told Reuters - it could raise its production of rebar to its maximum capacity of 4.6 million tonnes per year if tariffs ...
http%3a%2f%2ftimesofindia.indiatimes.com%2fbusiness%2finternational-business%2foil-price-fall-has-mixed-impact-on-gulf-doha-extends-recovery%2farticleshow%2f59163985.cms&c=17768355896424912256&mkt=en-gb


BRIEF-Ezz Steel shareholders approve conditions of third addendum ...
Thu, 15 Jun 2017 01:15:00 GMT
* Shareholders approve conditions of third addendum for credit facility agreement between El Ezz Rolling Mills and lenders * Under third addendum of credit facility agreement, unit to increase facility amount to EGP 3.36 billion from EGP 3.05 billion ...
http%3a%2f%2faf.reuters.com%2farticle%2fcommoditiesNews%2fidAFFWN1JC02S&c=592726104313899625&mkt=en-gb


Egypt's Ezz Steel could raise steel rebar output if tariffs continue
Wed, 14 Jun 2017 08:23:00 GMT
(Adds comments from company) CAIRO, June 14 Reuters - Egypt's largest steelmaker Ezz Steel could raise its production of rebars to its maximum capacity of 4.6 million tonnes per year if tariffs on imported rebars continue, George Matta, the company's ...
http%3a%2f%2fwww.nasdaq.com%2farticle%2fegypts-ezz-steel-could-raise-steel-rebar-output-if-tariffs-continue-20170614-00773&c=11588001084904395086&mkt=en-gb


Ezz Steel could raise steel rebar output if tariffs continue
Wed, 14 Jun 2017 06:03:00 GMT
CAIRO Reuters - Ezz Steel could raise its production of steel rebar to its maximum capacity of 4.6 million tonnes if steel tariffs continue, a company official told Reuters - on Wednesday. Egypt imposed temporary tariffs on imported steel rebar from China ...
http%3a%2f%2fwww.sharenet.co.za%2fnews%2fEzz_Steel_could_raise_steel_rebar_output_if_tariffs_continue%2f84c517e764894419b06ac22f6683e04e&c=16158168669839066007&mkt=en-gb


Trumps Steel-Trapped Minds - WSJ Editorial
Mon, 12 Jun 2017 20:24:00 GMT
Commerce charged South Korea and Turkey with dumping welded line pipe in 2015 and last year slapped duties on imported cut-to-length steel plate from China, Brazil and Turkey. Antidumping duties contributed to a 25% decline in foreign imports between 2015 ...
https%3a%2f%2fwww.democraticunderground.com%2f1016187015&c=13766109858850194950&mkt=en-gb


Qatar weak on political crisis, Dubai's Emaar jumps on unit's ...
Thu, 08 Jun 2017 07:21:00 GMT
Abu Dhabi's Dana Gas jumps on receipt of Egypt payments * Saudi trading volumes rise as MSCI decision nears * Ezz Steel surges as Egypt imposes import tariff By Celine Aswad DUBAI, June 7 Reuters - Qatar's stock market fell for a third straight day on ...
http%3a%2f%2ftimesofindia.indiatimes.com%2fbusiness%2finternational-business%2fqatar-weak-on-political-crisis-dubais-emaar-jumps-on-units-ipo-plan%2farticleshow%2f59038979.cms&c=5511806318750788099&mkt=en-gb


TURKEY FLAT STEEL WRAP: Prices continue to fall, demand moderate ...
Wed, 07 Jun 2017 14:35:00 GMT
Trade cases Thailand set definitive anti-dumping duties on imports of hot-rolled flat steel products in coil and sheet form from Brazil, Iran and Turkey in May. Imports from Turkeys Erdemir and Isdemir will be subject to a duty of 27.27%, down from 28 ...
https%3a%2f%2fwww.metalbulletin.com%2fArticle%2f3723639%2fFlat-products%2fTURKEY-FLAT-STEEL-WRAP-Prices-continue-to-fall-demand-moderate-in-May.html&c=3500874062223325670&mkt=en-gb


Saudi trading volumes rise as MSCI decision nears
Wed, 07 Jun 2017 12:52:00 GMT
In Cairo, the index edged up 0.1 percent in its 12th consecutive session of gains to a fresh all-time high. Ezz Steel soared 7.5 percent after the trade ministry imposed a temporary import tariff on rebar steel from China, Turkey and Ukraine to protect ...
http%3a%2f%2fwww.arabnews.com%2fnode%2f1111631%2fbusiness-economy&c=2699777738693196476&mkt=en-gb


Middle East Shares Mixed, Qatar Drops to 17-Month Low But Egypt ...
Wed, 07 Jun 2017 09:06:00 GMT
Its current receivables balance in Egypt now stands at $187 million, Reuters - said. Ezz Steel rose after Eypt's trade ministry imposed a temporary import tariff for four months on rebar steel from China, Turkey and Ukraine to protect local manufacturers ...
http%3a%2f%2fwww.nasdaq.com%2farticle%2fmiddle-east-shares-mixed-qatar-drops-to-17-month-low-but-egypt-touches-record-high-cm800028&c=77805305695739174&mkt=en-gb


Mild Steel - Global Market Outlook (2016-2022)
Tue, 06 Jun 2017 08:44:00 GMT
Some of the key players in global Mild Steel market are ArcelorMittal ... o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt What our report offers: - Market share assessments ...
http%3a%2f%2fwww.bizjournals.com%2fprnewswire%2fpress_releases%2f2017%2f06%2f06%2fBR09525&c=6476809550309283472&mkt=en-gb


Analysts Are Bullish On These Three Egyptian Stocks Despite Recent ...
Mon, 29 May 2017 07:12:00 GMT
Analysts are most bearish on EZZ Steel (ESRS.CA), Juhayna Food Industries (JUFO.CA), and Elswedy Electric, as these stocks have received the highest number of sell ratings. EZZ Steel has received 4 buy ratings, 4 hold ratings and 4 sell ratings while ...
https%3a%2f%2ffronteranews.com%2fnews%2fafrica%2fanalysts-are-bullish-on-these-three-egyptian-stocks-despite-recent-weakness%2f&c=89067620243720168&mkt=en-gb


Major power breakdown irks Karachiites
Sat, 27 May 2017 20:07:00 GMT
The electricity breakdown also continued in Gulshan-e-Hadeed, Quaidabad, Steel Town, Hub, Maripur, Mochko, Naval Colony, and surrounding areas. According to a National Transmission and Despatch Company Limited (NTDC) spokesperson, the power outage occurred ...
https%3a%2f%2fwww.thenews.com.pk%2flatest%2f207213-Major-power-breakdown-irks-Karachiites&c=5259035457625002117&mkt=en-gb


Number of news reports: 20



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