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

Latest steel industry headlines


Iran's quarterly crude steel output up 9.6% WSA - Hellenic Shipping ...
Fri, 24 Apr 2015 14:01:06 +0100
Iran produced 4.089 million tons of crude steel in the first quarter of 2015, a 9.6 percent rise from 3.729 million tons in the first quarter of 2014, the World Steel Association said in its latest report. The country's crude steel output stood at 1 ...
http://www.hellenicshippingnews.com/irans-quarterly-crude-steel-output-up-9-6-wsa/


Arcelormittal : Visit Us At Turkeybuild 2015
Thu, 23 Apr 2015 07:39:00 +0100
and an increased part of it is demanding for high added value flat steel for cladding, roofing, framing and interior applications. For the first time in 2015, ArcelorMittal will exhibit at Turkeybuild. In hall 2, on stand #124, visitors will be given the ...
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UAE steel industry calls for protection
Mon, 20 Apr 2015 14:12:00 +0100
Emirates Steel CEO warns the inflow of Chinese and Turkish steel imports into the UAE at prices below an acceptable market value negatively impacts production volumes. Abu Dhabi - Emirates Steel, the largest integrated steelmaker in the UAE, warned of the ...
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Ezz Steel SAE : Egypt's Ezz Steel to raise stake in flat-steel unit
Sun, 19 Apr 2015 11:09:00 +0100
Egypt's biggest steelmaker Ezz Steel said on Sunday it was increasing its stake in its flat-steel subsidiary by converting $255 million of loans into equity. The move to increase capital at Al Ezz Flat Steel coincided with an announcement by Egypt's trade ...
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Egypt's Ezz Steel posts first-half net loss of LE176 mln
Sun, 19 Apr 2015 08:14:00 +0100
Ezz Steel, Egypt's biggest steelmaker, posted a first-half net loss of LE176 million ($24.6 million) on Thursday, compared with a net profit of LE302 million a year earlier. The first half of 2014 has been a challenging period for the business, as the ...
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Ukraine: steel semis export-import operations in Q1 2015
Wed, 15 Apr 2015 07:08:38 +0100
In January-March Ukraine exported 1830.14 thousand tons of carbon steel semi-finished products, down by 33.7% YoY. Or down by 46.7%, to $703.7 million. The main exporter of Ukrainian steel semis in the first quarter of 2015 was Egypt (24.09%), with Turkey (23.9%) and Italy (18.66%) following. At the same time Ukraine imported 2.39 thousand tons
http://metalukraine.com/2015/04/15/ukraine-steel-semis-export-import-operations-in-q1-2015.html


Steelmaker told to clean up Albania toxic dump - Journal of Turkish ...
Tue, 14 Apr 2015 14:27:25 +0100
Journal of Turkish WeeklyAlbania's Environmental Inspectorate has suspended the work of Turkish steelmaker Kurum, accusing the company of illegally dumping thousands of tons of waste on the banks of River Shkumbin. The Environmental Inspectorate, ISHM on Friday ordered ...
http://www.turkishweekly.net/news/183412/steelmaker-told-to-clean-up-albania-toxic-dump.html


Saudi- SABIC participates in metal steel exhibition as platinum sponsor
Mon, 13 Apr 2015 04:12:00 +0100
Through its manufacturing affiliate Saudi Iron and Steel Company (Hadeed) the largest integrated complex for iron and steel production in the Middle East SABIC produces long and flat products meeting the highest international standards and specifications.
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Steel Authority of India : Centre appoints anti-corruption officials ...
Sat, 11 Apr 2015 05:54:00 +0100
The Chief Vigilance Officers act as distant arm of the Central Vigilance Commission to check corruption. 04/03 STEEL AUTHORITY OF INDIA: Tomar rules out equity participation for sail in nmdc.. 04/02 STEEL AUTHORITY OF INDIA: Nmdc, rinl may pick up minority ...
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Rinehart looks past China to beat iron ore gloom - New Zealand Herald
Sat, 11 Apr 2015 01:00:47 +0100
The Asia-Pacific's richest woman is gearing up to start shipments from her $10 billion iron ore project in Australia. Even with prices at 10-year lows, she's displaying no lack of confidence in the mine's success. Billionaire Gina Rinehart's ace Her ...
http://www.nzherald.co.nz/business/news/article.cfm?c_id%3D3%26objectid%3D11430030


US DoC announces preliminary CVD margins on steel pipes & tubes ...
Thu, 09 Apr 2015 11:59:59 +0100
The Department of Commerce (the Department) is conducting an administrative review of the countervailing duty (CVD) order on circular welded carbon steel pipes and tubes from Turkey for the period of review (POR) of January 1, 2013, through December ...
http://www.steelmillsoftheworld.com/news/newsdisplay_moreover.asp?slno%3D40082


Egyptian stocks plummet as Yemen confict deepens
Mon, 06 Apr 2015 01:51:00 +0100
Ezz Steel was down 5.15 percent to LE12.71 and South Valley Cement slid 4.98 percent to trade at LE 5.72. In the financial services sector, Beltone Financial Holding fell 5.15 percent to LE8.94, Pioneers Holding 4.60 percent to LE9.75 and EFG-Hermes slid 3 ...
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EDB in deal with Hunan to boost key trade ties
Thu, 02 Apr 2015 20:32:00 +0100
MANAMA: The Economic Development Board (EDB) and the Department of Commerce of the Hunan Province in China have signed a memorandum of understanding (MoU) emphasising economic and investment co-operation in various sectors. This includes infrastructure ...
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TSI Scrap Index Provides Settlement Basis for New Borsa Istanbul ...
Thu, 02 Apr 2015 06:00:00 +0100
LONDON, April 2, 2015 /PRNewswire/ -- Borsa Istanbul Derivatives Market (VIOP),the Turkish derivatives trading exchange, is utilizing The Steel Index (TSI)'s daily scrap price index published by Platts, ...
http://finance.yahoo.com/news/tsi-scrap-index-provides-settlement-050000352.html


Iran's Crude Steel Production Up by 8 Percent - Tasnim News Agency ...
Sun, 29 Mar 2015 12:30:15 +0100
Earlier last week, a report by the World Steel Association also showed that Iran's steel production output in January-February 2015 increased by 15 percent from 2.4 million tons in the same 2-month period last year. Iran is reportedly the biggest steel ...
http://www.tasnimnews.com/english/Home/Single/697441


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