Steel industry news - Middle East & Africa.

Steel News - Middle East Region

Latest steel industry headlines

Iran produces 5.5m tonnes steel in Q1 - Trade Arabia
Tue, 24 May 2016 10:52:11 +0100
Iran produced more than 5.5 million tonnes of steel in the first four months of 2016, according to data released by the World Steel Association (WSA). Iran's steel output from January to April 2016 indicated a 1.5 per cent growth against the total of 5 ...

Mena Steel Production Increased Slightly By 0.14 Pct In April 2016 ...
Mon, 23 May 2016 10:00:28 +0100
According to the latest statistics published by World Steel Association, steel production in the MENA region increased slightly by 0.14 pct to 5.718 mln tons in April 2016 as compared to 5.710 mln tons in the same period last year. Iran and Turkey ...

Iran's 4-month crude steel output hits 5.57m tons: WSA - Tehran Times
Mon, 23 May 2016 05:33:45 +0100
TEHRAN Iran's crude steel production reached 5.57 million tons in the first four months of 2016, a 1.5 percent rise compared to the same period last year, World Steel Association (WSA) reported. The country produced 5.488 million tons of crude steel ...

EU's Moscovici says Greek debt relief deal 'very close'
Fri, 20 May 2016 22:04:00 +0100
May 20 2016 - Ezz Steel logs USD18.5m net loss in Q1, MENAFN (MENAFN) Ezz Steel has reported a net loss of USD18.5 million in the first quarter, compared to a far less USD2.5 million in last year's January-March period.Accordingly, the top steel producer has

European stocks rebound as G7 finance ministers meet
Fri, 20 May 2016 08:46:00 +0100
May 20 2016 - Ezz Steel logs USD18.5m net loss in Q1, MENAFN (MENAFN) Ezz Steel has reported a net loss of USD18.5 million in the first quarter, compared to a far less USD2.5 million in last year's January-March period.Accordingly, the top steel producer has

G7 to take steps on global steel glut-draft - Peninsula On-line
Sat, 14 May 2016 07:37:11 +0100
If adopted at the G7 summit in Japan later this month, it will likely add to pressure on China, which accounts for about half of global steel output, to take steps after production hit a record high earlier this year. Steel mills from Australia to the ...

Why Marcegaglia buying Ilva could be positive for European sheet ...
Fri, 13 May 2016 17:01:58 +0100
CRU Steel News - - The ongoing sale process for Ilva appears to be down to a handful of remaining interested parties: Arvedi, Erdemir and a joint bid from Marcegaglia and ArcelorMittal. We think there are some positive implications for European sheet pricing were the ...

ArcelorMittal forecasts rise in steel demand - Trade Arabia
Sun, 08 May 2016 10:30:22 +0100
ArcelorMittal, the world's largest producer of steel, has forecast that the global demand for steel will stabilise as it reported improved quarterly results, said a report. The company said it expected global steel consumption to stabilise this year ...

Top steel industry seen producing most ever on price surge - Gulf ...
Sat, 07 May 2016 20:10:00 +0100
With steel prices moving up the way they have, that clearly puts the steel sector on a better footing in the short-term, Gait said in a phone interview this week. We're seeing a reversal of the negative momentum last year and we're hoping to see ...

Regionality returns as Chinas steel exports juggernaut slows
Sun, 01 May 2016 23:45:00 +0100
Meanwhile, sales to the EU jumped 42% to reach 748,000 mt. Erdemir Group, the only listed large steelmaker in Turkey, reported an 86% rise in exports of flat-rolled steel in Q1, with EU-bound sales quadrupling on year to 127,000 mt. These markets had ...

Potential UK steel buyers baulk at pension liabilities, says Javid
Fri, 29 Apr 2016 01:00:00 +0100
Tata steelworks Port Talbot, Wales. Reuters - LONDON: Tata Steels pension liabilities are putting off buyers for its British steelmaking operation, Business Secretary Sajid Javid said, underlining the difficulty the government faces in securing a sale that would save thousands of jobs.

Britain's Cameron visits Welsh steel plant to discuss its future
Wed, 27 Apr 2016 01:00:00 +0100
British Prime Minister David Cameron will visit the steel plant in the Welsh town of Port Talbot on Tuesday to discuss the future of its operations, his spokeswoman said. The prime minister ... will shortly be arriving in Wales where he will visit the Port Talbot steel works and will have meetings with the management, staff and the unions there, she told reporters. The British government is ...;_ylt=AwrXnCfe6yBXhlUAYi7QtDMD;_ylu=X3oDMTByMXM3OWtoBGNvbG8DZ3ExBHBvcwM4BHZ0aWQDBHNlYwNzcg--

David Cameron vows action to support steel industry during visit ...
Tue, 26 Apr 2016 17:36:49 +0100
Mr Cameron's official spokeswoman said that talks focused on 'the action the Government has taken to support the steel industry', adding: 'The Prime Minister underlined our commitment to working with Tata to support the future of steel-making in Port ...

Metinvest develops liner shipping from Mariupol to Europe
Tue, 26 Apr 2016 08:41:39 +0100
Metinvest Group has added a new Handysize vessel from the ship owner Canbaz Group (Turkey) to the fleet of its shipping lines. The bulk carrier Esra C will deliver steel products from Mariupol to ports of Marghera, Monfalcone and Ravenna in Italy.

Turkish steel shifts gears and futures contracts appear to draft ...
Fri, 22 Apr 2016 10:31:00 +0100
The now renowned flower show in Tangshan is undoubtedly filtering into more bullish sentiment, with the potential for supply curbs propping up prices. Some mills are making as much as Yuan 600-800/mt on their crude steel production, according to sources.

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