Steel industry news - Middle East & Africa.

Steel News - Middle East Region

Latest steel industry headlines

Erdemir takes step back from ILVA bid ANSA Report
Fri, 24 Jun 2016 03:25:00 +0100
ANSA reported that Turkish steel producer Erdemir said Thursday it is taking a step back in its bid on Italy's troubled ILVA steelworks. Managing Director Ali Pandir told BloombergHT there's not enough solid information to make a bid at the moment,.....more

Arvedi to move ahead on ILVA bid even without Erdemir = President
Thu, 23 Jun 2016 02:15:00 +0100
ANSA reported that Arvedi Group President Giovanni Arvedi on Wednesday told the Senate industry committee that his company plans to move ahead on a bid to take over the steelworks of the troubled ILVA Group even if Turkish partner in the deal Erdemir.....more

Rio Tinto iron-ore mine still offline after fatality
Tue, 21 Jun 2016 10:03:00 +0100
Operations remain suspended at the Channar iron-ore mine in Australia following a fatality late on Sunday, with the slack in production being picked up by other mines, majority owner Rio Tinto said on Tuesday.The fatality involved a 32-year-old man who was working on a drill rig at the time, a spokeswoman for the Western Australia Department of Mines and Petroleum has said.

EU referendum: UK Steel says industry crisis would worsen if Britain ...
Thu, 16 Jun 2016 11:32:10 +0100
City A.M. - A leading industry body has warned that a Brexit would exacerbate the crisis engulfing British steel, in a stark warning issued ahead of next week's referendum. Gareth Stace, director of Steel UK, said Britain is better able to prevent Chinese steel ...

Ukrainian steel pipe producer eyes growth in Qatar - Peninsula On-line
Wed, 15 Jun 2016 21:53:49 +0100
DOHA: Ukrainian steel producer 'Interpipe', which currently supplies 50 percent of seamless steel pipes in Qatar, plans to significantly enhance its presence in the market over the next five years, as the country transforms its infrastructure to meet ...

Egypt's stocks rebound Thursday to end up the trading week
Wed, 15 Jun 2016 16:00:00 +0100
Ezz steel and Talaat Moustafa Group (TMG) surged 1.23 percent to EGP8.23 per share and 0.86 percent to EGP5.84 per share respectively. Broader index EGX70 up 0.16 percent.

Iran targets producing 50 million tons of crude steel - Trend News ...
Sun, 12 Jun 2016 11:21:00 +0100
Iran has targeted to increase its crude steel output capacity to 50 million tons per year, the country's Industry, Mining, and Trade Minister Mohammad Reza Nematzadeh said, ISNA news agency reported June 12. At present, Iran has a capacity to produce ...

Iran starts exporting iron ore to Turkmenistan from new mine - Trend ...
Sat, 11 Jun 2016 14:40:07 +0100
Iran has started exporting iron ore to Turkmenistan from Sangan Minerals Complex, according to CEO of Iran's East Railways Mohammad Ebrahim Eqbali. He explained the first cargo consisted of 726 tons of hematite iron ore, the IRIB reported June 11.

Employees: PSM management sets aside PC's instructions
Thu, 09 Jun 2016 17:53:00 +0100
The incumbent management team of Pakistan Steel Mills (PSM) representing Secretary Ministry ... top management has moved a summary for the extension in contract of Director Hadeed Welfare Trust, Hamid Pervez, without advertising the post.

US anti-dumping shadow over Oman's steel pipes - Muscat Daily
Sat, 04 Jun 2016 17:56:02 +0100
DoC also calculated a preliminary dumping rate of 7.86 per cent for all other steel pipe producers/exporters in Oman. The Commerce Department also announced preliminary anti-dumping duty of 11.8 per cent for circular welded carbon-quality steel pipes ...

ArcelorMittal pushes bid for Italy's Ilva steel plant - paper
Fri, 03 Jun 2016 06:06:00 +0100
The head of mergers and acquisitions at ArcellorMittal, the world's top steel producer, described the acquisition ... from unlisted Italian steelmaker Arvedi and Turkish rival Erdemir (EREGL.IS). In the last few days CDP CDP.UL, which has publicly ...

Commerce Preliminary AD Determinations for Imports of Circular Welded ...
Wed, 01 Jun 2016 21:26:38 +0100
On June 1, 2016, the Department of Commerce announced its affirmative preliminary determinations in the antidumping (AD) investigations of imports of circular welded carbon-quality steel pipe from Pakistan, Oman, United Arab Emirates, and Vietnam.

Taking action: FIR lodged against attack on Chinese engineer
Tue, 31 May 2016 13:57:00 +0100
The engineer, identified as Finceh, and a driver, were wounded on Monday after a low-intensity bomb hit their black-coloured Hiace van (JF-7639) in Gulshan-e-Hadeed area of Steel Town. Counter Terrorism Department (CTD) registered an FIR No 179/16 on ...

Vehicle carrying Chinese national targeted in Karachi
Tue, 31 May 2016 08:19:00 +0100
Gulshan-i-Hadeed is a neighborhood in Karachi's Bin Qasim Town located near Pakistan Steel Mills and accomodates its workers. The Chinese engineer along with almost five others had recently shifted to a bungalow in Gulshan-e-Hadeed.

Karachi Blast Injures Targetted Chinese Citizen
Tue, 31 May 2016 00:42:00 +0100
Gulshan-i-Hadeed is a neighborhood in Karachi's Bin Qasim Town located near Pakistan Steel Mills and accomodates its workers. Numerous Chinese workers are presently working across Pakistan on different development projects including the CPEC and the Thar ...

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