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

Latest steel industry headlines


Turkey threatens retaliation as U.S. mulls steel tax
Thu, 22 Feb 2018 02:30:00 GMT
ANKARA: Turkey is considering retaliatory measures against the United States should Washington impose taxes on its steel exports ... China, Russia and Brazil. Turkey already feels singled out by possible U.S. measures against its financial system ...
http://www.customstoday.com.pk/turkey-threatens-retaliation-as-u-s-mulls-steel-tax/&c=7217238004263522006&mkt=en-gb


Big bank boosts Egypt as dividend cut hurts Abu Dhabi
Tue, 20 Feb 2018 01:56:00 GMT
In Egypt, the index climbed 0.8pc as Commercial International Bank added 1.1pc. Al Ezz Dekheila Steel, which has doubled in price since November, partly because of improving prospects for the Egyptian economy, surged a further 10pc.
http://www.newsofbahrain.com/viewNews.php%3fppId%3d42165%26TYPE%3dPosts%26pid%3d23%26MNU%3d4%26SUB%3d33&c=12999580713937387474&mkt=en-gb


Up to 13 EGX-listed firms to benefit from CBE rate cut - Analysts
Tue, 20 Feb 2018 00:56:00 GMT
Direct impact Ezz Steels stock was among the EGX-listed stocks that were immediately affected by the CBEs decision, with the stocks price rising to its highest level since September 2008 to EGP 25. In terms of sectors, the banking sector will be ...
http://www.4-traders.com/PRIME-HOLDING-20705080/news/Up-to-13-EGX-listed-firms-to-benefit-from-CBE-rate-cut-Analysts-26019653/&c=6854560465818466515&mkt=en-gb


US Department of Commerce recommends imposing 53% tariff on steel ...
Mon, 19 Feb 2018 19:07:00 GMT
Samir Noaman, head of the commercial sector at Ezz Steel, told Daily News Egypt that this is just a recommendation and that the company will not deal with this issue before an executive order is issued by Trump in this regard. Noaman explained that the ...
http://menafn.com/1096481897/US-Department-of-Commerce-recommends-imposing-53-tariff-on-steel-imports-from-Egypt-11-other-countries&c=478793959593363171&mkt=en-gb


U.S. Commerce Dept. Recommends Tariffs, Quotas on Steel Imports
Mon, 19 Feb 2018 09:50:00 GMT
The report also recommends that a 53% tariff be placed on all steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Republic of Korea, Russia, South Africa, Thailand, Turkey and Vietnam. it suggests the U.S. put a quota by product on steel ...
http://www.tirereview.com/tariffs-quotas-steel-imports-united-states/&c=14567793823694511280&mkt=en-gb


German Economy Minister Criticizes US Proposals to Increase Tariffs ...
Mon, 19 Feb 2018 08:31:00 GMT
Last week, US Commerce Secretary Wilbur Ross recommended to impose a 53-percent tariff on all steel imports from 12 countries (Brazil, China, Costa Rica, Egypt, India, Malaysia, Republic of Korea, Russia, South Africa, Thailand, Turkey and Vietnam ...
https://sputniknews.com/business/201802191061808967-germany-minister-tariffs-steel/&c=13943590178997982274&mkt=en-gb


Steel Stocks Take Flight as DOC Proposes Tariffs on Imports
Mon, 19 Feb 2018 06:13:00 GMT
The other proposed alternatives are at least 53% tariff on all steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Republic of Korea, Russia, South Africa, Thailand, Turkey and Vietnam with a quota by product on steel imports from all ...
https://finance.yahoo.com/news/steel-stocks-flight-doc-proposes-134001786.html&c=207545034631228827&mkt=en-gb


US proposes steel, aluminium tariffs
Sat, 17 Feb 2018 19:18:00 GMT
Commerce proposed at least a 53 per cent tariff on steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Korea, Russia, South Africa, Thailand, Turkey and Vietnam. Andrey Rudakov In a briefing with reporters over the results of his ...
http://www.afr.com/news/economy/trade/us-proposes-steel-aluminium-tariffs-20180216-h0w8im&c=1608911723136914658&mkt=en-gb


U.S. Commerce Department proposes hefty import curbs on steel ...
Sat, 17 Feb 2018 12:54:00 GMT
SPECIFIC COUNTRY OPTIONS Alternatively, Commerce recommended a tariff of at least 53 percent on all steel imports from 12 countries Brazil, China, Costa Rica, Egypt, India, Malaysia, Russia, South Korea, South Africa, Thailand, Turkey and Vietnam.
http://www.euronews.com/2018/02/17/us-commerce-department-proposes-hefty-import-curbs-on-steel-aluminium&c=2116960927638257407&mkt=en-gb


Iran Steel Industry Roadblocks Ahead
Wed, 14 Feb 2018 21:00:00 GMT
The Iranian steel industrys path to its 2025 capacity expansion goals ... We are not able to compete internationally even though we have cheaper energy costs, IMIDRO chief Mehdi Karbasian was quoted as saying in August.
https://financialtribune.com/articles/economy-business-and-markets/81925/iran-steel-industry-roadblocks-ahead&c=8626278532468009708&mkt=en-gb


Steel Workers Deserve Protection From Foreign Imports The Report: ...
Wed, 14 Feb 2018 11:43:00 GMT
The entire U.S. steel industry faces an existential crisis as it struggles to respond to imports and global overcapacity driven by foreign government subsidization. A flood of imports from Vietnam, Turkey, Brazil and others has deflated prices globally to ...
https://www.usnews.com/opinion/articles/2018-02-13/steel-workers-deserve-protection-from-foreign-imports&c=17462537358793988539&mkt=en-gb


BizVibe Reveals the Top 10 Steel Producing Countries in the World
Tue, 13 Feb 2018 13:14:00 GMT
Most of the growth in steel production comes from newly industrialized nations like Brazil, China, India, Iran, and Mexico. Some steel production in Europe, the Americas, and Africa suffered a slight decline while the production rates in Asia, the Middle ...
http://www.finanznachrichten.de/nachrichten-2018-02/43003101-bizvibe-reveals-the-top-10-steel-producing-countries-in-the-world-004.htm&c=1768757687635294597&mkt=en-gb


SABIC enters European specialities sector as annual profits rise
Thu, 08 Feb 2018 03:49:00 GMT
This was blamed on the turnarounds and on further impairments recorded against the assets of the Saudi Iron & Steel Co. (HADEED) and Ibn Sina subsidiaries, of 350 million riyals (US$93 million) and 136 million riyals (US$36 million) respectively.
http://www.yourindustrynews.com/sabic%2benters%2beuropean%2bspecialities%2bsector%2bas%2bannual%2bprofits%2brise_147593.html&c=954565041027187179&mkt=en-gb


Research details developments in the global steel ingot market
Wed, 07 Feb 2018 23:13:00 GMT
U.S. Steel Corporation, Imidro, Rizhao Steel, Fangda Steel, Evraz, Mmk, Baotou Steel and others. Access complete report at: xxx When taking a good look at this report, based on the product, it is evident that the report ...
https://www.whatech.com/market-research/industrial/436627-research-details-developments-in-the-global-steel-ingot-market&c=326303732448796265&mkt=en-gb


New report shares details about the Global flat steel sales market ...
Fri, 02 Feb 2018 22:00:00 GMT
Hyundai Steel, Imidro, Mmk, Nssmc, Sail, Nucor Corporation, Severstal, Shagang Group and others. Report available at: xxx When taking a good look at this report, based on the product, it is evident that the report ...
https://www.whatech.com/market-research/materials-chemicals/435119-global-flat-steel-sales-market-size-growth-and-comparison-by-regions-types-and-applications&c=13354538090399741503&mkt=en-gb


Iran added 1.6 mil mt/year new direct reduced iron capacity ...
Tue, 30 Jan 2018 06:40:00 GMT
The countrys DRI production is more than consumption at the moment and a portion of it will be exported, Imidro CEO, Mehdi Karbasian said. Some 1 million mt of DRI will be exported in the current Iranian year (to March 2018). The Iranian ...
http://www.hellenicshippingnews.com/iran-added-1-6-mil-mt-year-new-direct-reduced-iron-capacity-looks-to-export/&c=15788112273380419003&mkt=en-gb


Impairment on steel unit, still sees challenges in steel market ...
Mon, 29 Jan 2018 21:08:00 GMT
Zawya reported that Saudi Basic Industries Corp took a 350 million riyals (USD 93.34 million) impairment on its steel unit, Hadeed, in the fourth quarter and still sees challenges in the steel market. SABIC CEO Yousef al-Benyan told a news conference that ...
https://steelguru.com/steel/impairment-on-steel-unit-still-sees-challenges-in-steel-market-hadeed/500920&c=8979349753641923665&mkt=en-gb


Saudi's SABIC Q4 net profit falls 18% as output, sales drop
Sun, 28 Jan 2018 04:14:00 GMT
Saudi Basic Industries Corp (SABIC) said on Sunday it took a 350 million riyals ($93.34 million) impairment on its steel unit, Hadeed, in the fourth quarter and still sees challenges in the steel market. SABIC CEO Yousef al-Benyan told a news conference ...
http://www.arabianbusiness.com/energy/388568-saudis-sabic-q4-net-profit-falls-18-as-output-sales-drop&c=7040099454019611952&mkt=en-gb


Iran becomes world's top sponge iron producer
Sat, 27 Jan 2018 07:31:00 GMT
The country has witnessed a boost in steel production and is targeting an output plateau of 55 million tons per year by 2015. Currently, Iran produces nearly 18 million tons, which is one percent of the global total. An IMIDRO statement says exports are ...
http://iran-daily.com/News/208890.html&c=6618830538714748529&mkt=en-gb


Iran opens steel mill using domestic technology
Sat, 27 Jan 2018 06:05:00 GMT
The hot commissioning of Neyriz Steel Complex in the southern Fars province took place Saturday during a ceremony attended by state mines and metals holding company IMIDRO chairman Mehdi Karbasian, IRNA said. The DRI module has a capacity to produce ...
http://www.presstv.com/Detail/2018/01/27/550363/Iran-steel-mill-PERED-sponge-iron&c=1623251270270075624&mkt=en-gb


Number of news reports: 20



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