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

Latest steel industry headlines


Islands in focus: Iron ore freighter hits reef near Batam - Jakarta ...
Sat, 06 Feb 2016 08:10:54 GMT
BATAM: A Hong Kong-flagged Iranian MV Ocean carrier, sailing from Iran, hit a coral reef off Sambu Island, Batam, Riau Islands, early on Wednesday. The vessel, carrying a huge volume of iron ore, remains stranded as it awaits salvage. The local port ...
http://www.thejakartapost.com/news/2016/02/06/islands-focus-iron-ore-freighter-hits-reef-near-batam.html


Steel giant ArcelorMittal plans 500-600MW solar plant instead of ...
Fri, 05 Feb 2016 12:58:10 GMT
An ArcelorMittal spokeswoman told PV Tech: 'In view of current market conditions in the global steel industry and uncertainty in raw material availability, ArcelorMittal would like to utilise the acquired land in Karnataka for a meaningful purpose of ...
http://www.pv-tech.org/news/steel-giant-arcelormittal-plans-500-600mw-solar-plant-instead-of-steel-mill


PSM CEO held responsible for suspension of gas supply
Thu, 04 Feb 2016 21:15:00 GMT
He said, Privatisation Commission has offered Steel Mills to Sindh government after the latter ... During a discussion on illegal construction and encroachment in Gulshan-e- Hadeed, the committee snubbed the PSM officials especially Mr Shamsi for not ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=F8179DFE37AA4B1FBD0D91FAB4818E7A&url=http://www.brecorder.com/agriculture-a-allied/183:pakistan/13520:psm-ceo-held-responsible-for-suspension-of-gas-supply/&c=_OTjbt2CpnJe3MYD82hbZoVYon9wOWIFM4TwiiMsh-0&mkt=en-gb


India's KIOCL considers building iron ore plants in Iran - Reuters ...
Wed, 03 Feb 2016 12:41:00 GMT
The potential Indian investment could offer cheaper supplies of processed iron ore to Iranian steel mills that, like most companies around the world, are having to contend with cut-price steel from an oversupplied China. Companies such as KIOCL and ...
http://in.reuters.com/article/india-iran-ironore-idINKCN0VC1FA


January 2016 Sustainable Energy Finance Update
Tue, 02 Feb 2016 11:25:00 GMT
Erdemir Group, in improving its energy efficiency. The company will use the financing to invest in high-tech equipment that can reduce the energy intensity of the steel manufacturing process. EBRD Press Release In Ukraine, a joint €27.5 million ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=F8B0CDAB17F24A52A2A80B6998AA41E7&url=http://climate-l.iisd.org/news/january-2016-sustainable-energy-finance-update/&c=jmrGMv_6BUeEj4H6L_eaoe_0Zrk2ybKP7QIqhkIqzCc&mkt=en-gb


ArcelorMittal weighing sale of some US long steel mills - Platts
Fri, 29 Jan 2016 23:00:33 GMT
'ArcelorMittal confirms it is in discussions concerning the sale of certain long product mills in the United States, including Steelton,' spokeswoman Mary Beth Holdford said in a statement. 'These discussions may or may not result in an offer being ...
http://www.platts.com/latest-news/metals/pittsburgh/arcelormittal-weighing-sale-of-some-us-long-steel-21853069


Iran ranks 14th in crude steel production in 2015: WSA - Tehran Times
Fri, 29 Jan 2016 22:33:15 GMT
Iran produced 16.110 million tons of crude steel in 2015, a decrease of 1.4 percent compared to its crude steel output in 2014 which amounted to 16.331 million tons, the Fars news agency reported on Wednesday as quoting WSA's annual report.
http://www.tehrantimes.com/index_View.asp?code%3D252549


Analyst's Recommendation on: Tenaris SA (ADR) - CWRU Observer
Tue, 26 Jan 2016 17:08:00 GMT
During the quarter, we had a particularly low level of sales of premium OCTG products in the Middle East and other regions around the world. Our EBITDA margin, net of restructuring charges, declined sequentially to 17.8% but our operating and net ...
http://cwruobserver.com/2016/01/26/analysts-recommendation-on-tenaris-sa-adr/


Mena Steel Output Falls 7.39% In 2015 - Saudi Gazette
Mon, 25 Jan 2016 21:06:01 GMT
JEDDAH Steel production in MENA region fell by 7.39% to 65.259 million tons in 2015 as compared to 70.463 million in 2014. Regional producers were under pressure because of decline in oil prices, influx of steel exports from China and political ...
http://saudigazette.com.sa/business/mena-steel-output-falls-7-39-in-2015/


Iranian president Rouhani begins 4-day European visit
Mon, 25 Jan 2016 19:35:00 GMT
Italy's Persiana Metalica would have a majority 60 percent stake compared to 40 percent for Iran's IMIDRO in the ventures ... In addition, Italian steel firm Danieli will sign commercial agreements worth up to $5.7 billion with Iran, a company spokesman ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=9601E06F6A994F1480C68CB06851EEFA&url=http://leadercall.com/2016/01/iranian-president-rouhani-begins-4-day-european-visit/&c=KgUZ5es09rgwYg7U50IA0PJyufNbNdzo2BqCvso8GkA&mkt=en-gb


Iran, Italy, France line up mining deals
Mon, 25 Jan 2016 16:20:00 GMT
The MoUs envisage joint investments in the steel production chain in southern Iran in an area ... Italy's Persiana Metalica would have a majority 60% stake compared to 40% for Iran's IMIDRO in the ventures, Karbasian added. The Italians are also ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=9601E06F6A994F1480C68CB06851EEFA&url=http://www.presstv.ir/Detail/2016/01/25/447241/Iran-mining-foreign-investment-Europe-China/&c=0O5C1_vyayA6eIoxNVeXRwTAPt7E2hWNjnb-kbSkvCo&mkt=en-gb


Iran's crude steel output hits 12.642m tons in 9 months - Tehran ...
Sun, 24 Jan 2016 19:19:05 GMT
TEHRAN- Iran produced 12.642 million tons of crude steel in the first nine months of the current Iranian calendar year (March 21- December 21), the Islamic Republic of Iran Broadcasting (IRIB) reported on Sunday. The country's crude steel output rose 0 ...
http://www.tehrantimes.com/index_View.asp?code%3D252455


Iran's iron ore concentrate output slightly rises - Trend News Agency
Sun, 24 Jan 2016 13:22:00 GMT
The aforementioned companies (excluding Middle East Mines Industries Development Holding Company) plus Jalalabad, Mishdavan, Sirjan and the Iranian Central Plateau Iron Ore Mines Complex, produced 5.569 million tons of iron ore granule in total, ...
http://en.trend.az/business/economy/2484653.html


Updated: Egyptian Market Closes With Gains Following Region-wide ...
Sun, 24 Jan 2016 07:42:00 GMT
Egypt's Commercial International Bank (CIB) soared 3.60 percent to register LE31.36 per share. Egypt's largest steel producer, Ezz Steel, was up a whopping 4.21 percent to LE6.93 per share. Telecom Egypt (TE) increased 3.82 percent to register a price of ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=9DBBEAB8BE324397B9C08140B721B3DC&url=http://english.ahram.org.eg/NewsContent/3/12/185775/Business/Economy/UPDATED-Egyptian-market-closes-with-gains-followin.aspx&c=F4RgO9_LqkgZQ6STm051vGXgEbgoOIppiR6qRB96mhk&mkt=en-gb


Noticeable Stock: Tenaris SA (NYSE:TS) - iStreetWire
Thu, 21 Jan 2016 13:19:19 GMT
During the quarter, we had a particularly low level of sales of premium OCTG products in the Middle East and other regions around the world. EBITDA margin, net of restructuring charges, declined sequentially to 17.8% but operating and net income ...
http://www.istreetwire.com/noticeable-stock-tenaris-sa-nysets/1427347/


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