Steel industry news - Middle East & Africa.

Steel News - Middle East Region

Latest steel industry headlines

NPLs again take toll on NBP profits
Sun, 23 Aug 2015 17:44:00 +0100
The bulk of it, according to well placed sources is attributable to providing for the Tuwairqi Steel Mills - close to $25 billion. NBP has carried high NPLs for quite some time, which is why it could never join the party on offer in the truest sense.

Iran's crude steel production passes over 9.6 mt - Zawya (registration)
Sun, 23 Aug 2015 07:04:56 +0100
According to the WSA statistics, steel production trend in 29 world steel producing countries during first seven months of the year decreased by 1.8 percent China, 8.4 percent US, 4.8 percent Japan, 3.9 percent South Korea, 9.7 Argentina, 0.3 Australia ...

Worldsteel: Iran's crude steel production passes over 9.6 mt
Sun, 23 Aug 2015 01:12:00 +0100
the World Steel Association said on Saturday. IMIDRO told IRNA that Iran produced 9.645 million tons crude steel during past seven months of year 2015, while the figure was 9.305 million tons in the same period of preceding year (2014). WSA said that 65 ...

Iran's steel output ups 3.7% - Mehr News Agency - English Version
Sat, 22 Aug 2015 20:15:00 +0100
According to the WSA statistics, steel production trend in 29 world steel producing countries during the first seven months of the year decreased by 1.8 percent in China, 8.4 percent in US, 4.8 percent in Japan, 3.9 percent in South Korea, 9.7 in ...

Ezz Steel logs USD18.5m net loss in Q1
Fri, 21 Aug 2015 21:20:00 +0100
(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. The steel producer has logged a total loss of USD106.4 million in 2014, after registering USD67.2 ...

Govt. to invest Rs 1,000 crore in reviving SAIL's VISL plant
Fri, 21 Aug 2015 08:20:00 +0100
KOLKATA: The government intends to revive Steel Authority of India's VISL plant by investing Rs 1,000 crore ... The investment will be subject to recommendations of consultants and approval by the SAIL board. 'The ministry is trying to ensure availability ...

Egyptian Ezz Steel posts USD 17 million net loss in Q1
Thu, 20 Aug 2015 23:45:00 +0100
Egypt's steel biggest steel maker Ezz Steel reported a net loss of 136 million EGP ($17 million) in the first quarter of 2015, compared to 235 million EGP in the previous quarter, it announced Thursday.....more

Mailbag: Traffic Jams
Thu, 20 Aug 2015 20:04:00 +0100
Malir, Quaidabad and Gulshan-i-Hadeed are apparently notpart of Karachi ... The third major spot of concern is at Faizi petrol pump just before the Steel Mill, where time and again heavy ditches are created. The situation is very alarming as a large ...

Ezz Steel records EGP 145.9m losses in Q1 2015
Thu, 20 Aug 2015 13:03:00 +0100
Ezz Steel has reported EGP 145.9m losses in the first quarter (Q1) 2015, compared to EGP 20.16m profits in Q1 2014, the steel producer said in a statement to the Egyptian Stock Market. The steel producer has registered net loss of EGP 835.5m in 2014, after ...

Global DRI output rises 2.6% in July as Iran, UAE counter India fall
Thu, 20 Aug 2015 10:10:00 +0100
Global direct reduction iron (DRI) output in July rose by 2.6% year on year to 5.23 million mt, as Iran, the UAE, Venezuela and Canada boosted production to counter a drop from India, according to World Steel Association ... Saudi Arabia's Hadeed produced ...

Egypt's Ezz Steel says output hit by forex shortages
Thu, 20 Aug 2015 06:05:00 +0100
Egypt's largest steel maker Ezz Steel's first-quarter net loss increased to 136 million Egyptian pounds ($17 million) from 19 million pounds in the same period last year, hit by foreign currency shortages, the company said on Thursday. Net sales fell to 4 ...

Al Gharbia Pipe and Abu Dhabi Ports finalise deal on Dh1.1bn Kizad ...
Sun, 16 Aug 2015 15:21:08 +0100
Al Gharbia Pipe will manufacture steel pipes for the region's oil and gas industry, especially for transporting sour gas. The company is a joint venture between Senaat, a holding company of the Abu Dhabi government, and Japanese companies JFE Steel and ...

Mideast Stocks-saudi, Egypt Edge Up As Fears Ease Over China
Thu, 13 Aug 2015 02:49:00 +0100
Ezz Steel jumped 2.3 percent, having announced this week that it would launch a new facility in October. (Reporting by Olzhas Auyezov; Editing by Alison Williams)

Anti-Dumping Investigation of Carbon Steel Pipe From S. Korea, Mexico ...
Wed, 12 Aug 2015 07:11:19 +0100
The products subject to the investigations are heavy walled rectangular welded steel pipes and tubes of rectangular (including square) cross section, having a nominal wall thickness of not less than four millimeters. Such pipes are used as structural ...

Invaders Steel turns 75
Wed, 12 Aug 2015 00:08:00 +0100
Caribbean Airlines Invaders Steel Orchestra having over half a century of experience ... 'We owe what we have today to the early pioneers of pan,' Tourism Minister Gerald Hadeed said.

If you have a steel industry news item or company press release that you would like us to publish above and distribute without restrictions concerning syndication and reuse, then please contact