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

Latest steel industry headlines


Ezz Steel SAE : National Bank of Egypt arranges $234.5mn loan to ...
Sun, 25 Jan 2015 07:49:00 GMT
National Bank of Egypt (NBE) arranged a EGP1.7bn ($234.5mn) long term loan to restructure Ezz Steel's debts, a large steel producer, Ahram Online reported. NBE was the lead arranger and Arab African International Bank escrow agent. The purpose of the loan ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=b98602130631460484574434c7e70f6c&url=http://www.4-traders.com/EZZ-STEEL-CO-SAE-6494468/news/Ezz-Steel-SAE--National-Bank-of-Egypt-arranges-2345mn-loan-to-restructure-Ezz-Steels-debts-19760169/&c=iLpeE1JJJ1GI_dtWVnLr0N_9EVN2MQHF7sSBMVZt7YM&mkt=en-gb


Shifting operations: Saudi Arabia offers cheaper gas to Tuwairqi ...
Sat, 24 Jan 2015 13:29:00 GMT
In a bid to encourage Saudi Arabia-based Al Tuwairqi Holding, the Saudi government has committed to providing the company with cheaper gas. The move comes after the Pakistan government refused to provide gas at a discounted rate to Tuwairqi Steel.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=0bff30bd8da14bc183b9433a9dca8379&url=http://tribune.com.pk/story/826492/shifting-operations-saudi-arabia-offers-cheaper-gas-to-tuwairqi-steel/&c=ouVr7XFOihdM-Pv0PtzQQqfC6Ec2nSutue1gRwZCMrI&mkt=en-gb


World crude steel output increases by 1.2% in 2014 - Hellenic Shipping ...
Fri, 23 Jan 2015 22:01:38 GMT
World crude steel production reached 1,662 million tonnes (Mt) for the year 2014, up by 1.2% compared to 2013. In 2014, the Middle East, the smallest region for crude steel production had the most robust growth. Crude steel production in the EU (28 ...
http://www.hellenicshippingnews.com/world-crude-steel-output-increases-by-1-2-in-2014/


Shifting operations: Saudi Arabia offers cheaper gas to Tuwairqi ...
Fri, 23 Jan 2015 12:34:00 GMT
In a bid to encourage Saudi Arabia-based Al Tuwairqi Holding, the Saudi government has committed to providing the company with cheaper gas. The move comes after the Pakistan government refused to provide gas at a discounted rate to Tuwairqi Steel.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=4e9b5189e1f84d13bb2cba04a756f5be&url=http://tribune.com.pk/story/826492/shifting-operations-saudi-arabia-offers-cheaper-gas-to-tuwairqi-steel/&c=ouVr7XFOihdM-Pv0PtzQQqfC6Ec2nSutue1gRwZCMrI&mkt=en-gb


Anatomy of the petrol crisis
Fri, 23 Jan 2015 01:15:00 GMT
At home, Pakistan's second largest company (by sales) was in default, while one of the largest foreign investments in the country in the last few years, Tuwairqi Steel Mills Ltd., had issued a 'shut down' notice because the ECC, which the finance ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=0bff30bd8da14bc183b9433a9dca8379&url=http://www.dawn.com/news/1158756&c=67levsOKugHRn0Zf3zz0203qz5_5ERky9BXV3F4sCJ0&mkt=en-gb


Ezz Steel SAE : Egypt's Steel Maker Ezz Raises $236m To Finance Debt
Thu, 22 Jan 2015 10:09:00 GMT
In a bid to restructure its debt, Egypt's biggest steel maker, Ezz Steel, had agreed to a long-term financing contract with the National Bank of Egypt and Arab African International Bank in a deal valued at $236 million, it emerged late on Monday.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=913ddff406934c64ac733b62eba62090&url=http://www.4-traders.com/EZZ-STEEL-CO-SAE-6494468/news/Ezz-Steel-SAE--Egypts-Steel-Maker-Ezz-Raises-236m-To-Finance-Debt-19748274/&c=Zdoz9l-bwqEEU9TBHrll7uuM1ln68X6cGV787ufjrDo&mkt=en-gb


Egypt steel producers lower prices in November
Thu, 22 Jan 2015 06:30:00 GMT
Some producers lowered prices, such as Medisteel which shaved LE150 off of its prices to reach LE4,950, and Delta Steel which lowered its prices by LE250 to reach LE5000, said the ministry's statement. Ezz Steel, which controls some 55 percent of the ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=913ddff406934c64ac733b62eba62090&url=http://english.ahram.org.eg/NewsContent/3/12/114994/Business/Economy/Egypt-steel-producers-lower-prices-in-November.aspx&c=EdOI-sbnkrnfKtDoA1JwfQ20X_1sLL62IjOyVoQLRxc&mkt=en-gb


Ezz Steel SAE : Economic Kingdom Is Not As Bright As His Political ...
Thu, 22 Jan 2015 05:25:00 GMT
With Hosni Mubarak-era politicians making their way back to the political scene, political analysts believe that former parliamentarian and steel tycoon Ahmed Ezz's political career could be once again on track. Despite this, the tycoon's steel firm Ezz ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=913ddff406934c64ac733b62eba62090&url=http://www.4-traders.com/EZZ-STEEL-CO-SAE-6494468/news/Ezz-Steel-SAE--Economic-Kingdom-Is-Not-As-Bright-As-His-Political-One-19746362/&c=CsOEb4ql1zWaAk0k8Dy7NVqPl6W1mSmp_pyJGizqHjY&mkt=en-gb


Ezz Steel SAE : Economic Kingdom Is Not As Bright As His Political ...
Thu, 22 Jan 2015 05:25:00 GMT
With Hosni Mubarak-era politicians making their way back to the political scene, political analysts believe that former parliamentarian and steel tycoon Ahmed Ezz's political career could be once again on track. Despite this, the tycoon's steel firm Ezz ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=870069b05c0d4c02accca0a22eedec55&url=http://www.4-traders.com/EZZ-STEEL-CO-SAE-6494468/news/Ezz-Steel-SAE--Economic-Kingdom-Is-Not-As-Bright-As-His-Political-One-19746362/&c=CsOEb4ql1zWaAk0k8Dy7NVqPl6W1mSmp_pyJGizqHjY&mkt=en-gb


Footwear company expands its business in the UAE
Wed, 21 Jan 2015 09:53:00 GMT
'The Arabs like spark, glamour. They always look for a shoe with something different, with laser-made or metal details and Always with high heels', he says. Today, Werner's sandals and shows are exported to more than 30 countries. Sauter says that ...
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Ezz's economic kingdom is not as bright as his political one
Wed, 21 Jan 2015 06:12:00 GMT
With Hosni Mubarak-era politicians making their way back to the political scene, political analysts believe that former parliamentarian and steel tycoon Ahmed Ezz's political career could be once again on track. Despite this, the tycoon's steel firm Ezz ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=f00cff407f4b40ea86da6c6aa2bae2df&url=http://en.aswatmasriya.com/news/view.aspx%3Fid%3D1330298d-9818-4e11-a248-6bb37f0244eb&c=Seh5KBLgz3d2rsTzwzxtD-Z1VRi6ByKUMnPWBdFgY3Q&mkt=en-gb


Sabic To Continue Strategy As It Posts Sr23.43bn Net Profit
Tue, 20 Jan 2015 07:29:00 GMT
... for two new domestic steel plants in Rabigh and Jubail that are being studied by its affiliate Saudi Iron and Steel Company (Hadeed), and are expected to cost $4.26 billion. The company has no plans to issue new bonds this year and is considering ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=c281b173299c4c3883c4ca7df735fe41&url=http://www.zawya.com/story/SABIC_to_continue_strategy_as_it_posts_SR2343bn_net_profit-ZAWYA20150119034238/&c=ekN3TwNPddzj-Ebt3BkJqyoJjuH-CrUQOhzWKOSkUXc&mkt=en-gb


Egypts Steel Maker Ezz Raises $236m To Finance Debt
Tue, 20 Jan 2015 04:26:00 GMT
VENTURES AFRICA - In a bid to restructure its debt, Egypt's biggest steel maker, Ezz Steel, had agreed to a long-term financing contract with the National Bank of Egypt and Arab African International Bank in a deal valued at $236 million, it emerged ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=ca26ee9dc49349eea5b327168674f3bd&url=http://www.ventures-africa.com/2015/01/egypts-steel-maker-ezz-raises-236m-to-finance-debt/&c=XpoimmvD0xJIkLWaEIIK-qxdilyw0wKcUuDaKRhDi3s&mkt=en-gb


Satisfied over SRO 18 (I)/2015, PSMA hails 15pc regulatory duty on ...
Tue, 20 Jan 2015 02:20:00 GMT
The SRO 18 (I)/2015 imposed regulatory duty of up to 15 percent on import of various steel products. It also discussed the issue of Tuwairqi Steel Mills Limited (TSML) which has already invested around $450 million as Foreign Direct Investment in the ...
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Ezz Steel inks EGP1.7bn Financing Deal
Mon, 19 Jan 2015 23:40:00 GMT
Ezz Steel, the biggest steel producer in Egypt and MENA, said on Monday it signed an EGP 1.7 billion ($237 million) long-term financing agreement with the National Bank of Egypt (NBE) and Arab African International Bank (AAIB). As pursuant to the agreement ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=f00cff407f4b40ea86da6c6aa2bae2df&url=http://www.zawya.com/story/Ezz_Steel_inks_EGP17bn_financing_deal-ZAWYA20150120043525/&c=OZ1FTzE_766idWNqUtcukxFoFVZDwIK6M-JYfubKBdQ&mkt=en-gb


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