Steel industry news - Middle East & Africa.


Steel News - Middle East Region[more headlines]

Latest steel industry headlines



TransAlta Reports Third Quarter 2014 Results
Thu, 30 Oct 2014 11:54:16 GMT
TransAlta Corporation today reported third quarter 2014 Comparable EBITDA of $212 million with 92.0% availability and continued improved performance from all our operations, including our Canadian Coal ...
http://uk.finance.yahoo.com/news/transalta-reports-third-quarter-2014-115416370.html


Turkey-based Erdemirs net profit up 58 percent in January-September
Thu, 30 Oct 2014 06:01:00 GMT
Turkish integrated steelmaker Erdemir has announced a net profit of TRY 437.3 million ($197.2 million) for the third quarter of the current year, increasing by 95.6 percent year on year, while the company's sales revenues amounted to TRY 2.95 billion ($1 ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=bc4152f4117442559dd1f3b8e4f8846c&url=http://www.steelorbis.com/steel-news/latest-news/turkey_based-erdemirs-net-profit-up-58-percent-in-january_september-851562.htm&c=uwA6rscLFDEXW1LDrWz-KXr3J8IddRPvzizLEN6NggM&mkt=en-gb


NET SALES INCREASED, PROFITABILITY IMPROVED SIGNIFICANTLY FROM PREVIOUS ...
Wed, 29 Oct 2014 16:03:00 GMT
In August, QPR Software announced that Erdemir Group, one of the largest steel producers in the world and one of the largest industrial enterprises in Turkey, has selected QPR Software and Ironman Consulting, QPR's reseller in Turkey, as solution ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=4a508ff2dd524b58995318c827b41a47&url=http://www.globenewswire.com/news-release/2014/10/29/677486/0/en/NET-SALES-INCREASED-PROFITABILITY-IMPROVED-SIGNIFICANTLY-FROM-PREVIOUS-YEAR.html&c=5UPO_ueIdHq1yI_x4kUbfM4ckrTRmtMLTMwoscX3xCQ&mkt=en-gb


Cliffs: Koolyanobbing mine profitable
Wed, 29 Oct 2014 13:48:04 GMT
Cliffs says the market has not appreciated the amount of capital the big miners will need to expand their iron ore exports.
http://ri.search.yahoo.com/_ylt=AwrBEiQYoFFUJ2cAUaEn5gt./RV=2/RE=1414664344/RO=10/RU=http://www.smh.com.au/business/mining-and-resources/cliffs-koolyanobbing-mine-profitable-20141029-11dpi7.html/RK=0/RS=z38XQuS4hACK0RlbDZ1b53VSjF4-


Export and import of Ukrainian flats in September 2014
Wed, 29 Oct 2014 09:16:59 GMT
In September Ukraine exported $197.73 million worth of flat rolled products, with imports reaching $78.04 million tons. One of the main importers of Ukrainian flats in September was Turkey with $42.96 million. In January-September Ukraine exported $2796.01 million worth of flats, with imports on the level of $586.34 million. (Ukrainian metal) Price monitoring of the
http://metalukraine.com/2014/10/29/export-and-import-of-ukrainian-flats-in-september-2014.html


Turkish steel pipe exports up by 2.7pct in Jan-Sept - CEBID - SteelGuru
Wed, 29 Oct 2014 06:37:39 GMT
According to the statistics provided by the Turkish Steel Pipe Manufacturers Association, In the first nine months of the current year, Turkey's steel pipe exports increased by 2.71% YoY to 1.44 million tonnes. The value of these exports totaled USD 1 ...
http://www.steelguru.com/international_news/Turkish_steel_pipe_exports_up_by_27pct_in_JanSept_CEBID/351725.html


Egypts Biggest Steel Makers Profit Down 94%
Wed, 29 Oct 2014 05:38:00 GMT
VENTURES AFRICA - Egypt's biggest steel maker, Ezz Dekheila has seen its profit slip 94 percent in the year's third quarter, as energy shortages and price surge took their toll during the period under review. Ezz Dekheila's net profit for the ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=a83fc145a9dd4f2e9dfdfcab21ceec6d&url=http://www.ventures-africa.com/2014/10/egypts-biggest-steel-makers-profit-down-94/&c=5SC8n7qBsJTuYYEqsVvg5Xck53lW5HFLtiBxllJZidM&mkt=en-gb


NET SALES INCREASED, PROFITABILITY IMPROVED SIGNIFICANTLY FROM PREVIOUS ...
Wed, 29 Oct 2014 00:43:00 GMT
In August, QPR Software announced that Erdemir Group, one of the largest steel producers in the world and one of the largest industrial enterprises in Turkey, has selected QPR Software and Ironman Consulting, QPR's reseller in Turkey, as solution ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=7ccbdafcf7d1476180e80171512418e8&url=http://globenewswire.com/news-release/2014/10/29/677486/0/en/NET-SALES-INCREASED-PROFITABILITY-IMPROVED-SIGNIFICANTLY-FROM-PREVIOUS-YEAR.html&c=DVbQ7v0c_nqdpMLbHB8IfOxO1wco514LqNq1VMSCUzI&mkt=en-gb


Ezz Steel SAE : BOD approves Ezz Flat Steel capital increase
Tue, 28 Oct 2014 11:13:00 GMT
Arab Finance: Ezz Steel - ( ESRS) announced that company's BOD approved in its meeting held on Monday 27 October that Ezz Flat Steel to conduct capital increase to about $ 280 million according to fair value. The company added, in a release to EGX, if Ezz ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=a83fc145a9dd4f2e9dfdfcab21ceec6d&url=http://www.4-traders.com/EZZ-STEEL-CO-SAE-6494468/news/Ezz-Steel-SAE--BOD-approves-Ezz-Flat-Steel-capital-increase-19269652/&c=GUK_QT27yTxCyLPMURjgrtnn8yCS_JGxJt74h0xyAzQ&mkt=en-gb


Ezz Dekheila's profits fall on energy shortage
Tue, 28 Oct 2014 10:54:00 GMT
Egyptian steel manufacturer, Ezz Dekheila, announced a 94 percent fall in profits for the third quarter on the back of energy shortages and price hikes. Ezz Dekheila steel posted a net profit of LE55.6 million in the third quarter ending September ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=7919f12593004e67a222862c9994eafe&url=http://english.ahram.org.eg/NewsContent/3/12/114175/Business/Economy/Ezz-Dekheilas-profits-fall-on-energy-shortage.aspx&c=IhvtQYFf4TBGthvmsRcXMSS8aj0FrosV_ERQ1NbZrHg&mkt=en-gb


Ezz Dekheila's profits fall on energy shortage
Tue, 28 Oct 2014 09:43:00 GMT
Egyptian steel manufacturer, Ezz Dekheila, announced a 94 percent fall in profits for the third quarter on the back of energy shortages and price hikes. Ezz Dekheila steel posted a net profit of LE55.6 million in the third quarter ending September ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=7e27ef974fa34931b2ec03f111c41955&url=http://english.ahram.org.eg/NewsContent/3/12/114175/Business/Economy/-Ezz-Dekheilas-profits-fall-on-energy-shortage.aspx&c=FGJn3G1DDUj8xrF9W9_X8kpp9PIkxznAjly8Y6lGikE&mkt=en-gb


Egypt's Ezz Dekheila steel profits dip 94% in Q3
Tue, 28 Oct 2014 06:37:00 GMT
Ezz Dekheila steel posted net profits of LE55.6 million in the third quarter of 2014, a 94 percent drop from LE962 million seen in the same period last year, the company said in a statement to Egypt's stock exchange on Tuesday. Revenues for Egypt's largest ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=7919f12593004e67a222862c9994eafe&url=http://english.ahram.org.eg/NewsContent/3/12/114175/Business/Economy/Egypts-Ezz-Dekheila-steel-profits-dip--in-Q.aspx&c=9QTSXPsc0G_KeGc3yonUFeg0d4nZXbeZnzWfRl9wlgw&mkt=en-gb


Should You Buy Steel Stocks Now - Zacks.com
Mon, 27 Oct 2014 16:08:56 GMT
The U.S. International Trade Commission (USITC) ruled that OCTG (oil country tubular good) imports from South Korea, India, Taiwan, Turkey, Ukraine and Vietnam will be subject to duties. South Korea was a major player considering that OCTG exports to ...
http://www.zacks.com/commentary/35028/should-you-buy-steel-stocks-now


Rautaruukki CORPORATION INTERIM REPORT Q1-Q3/2014
Mon, 27 Oct 2014 05:40:00 GMT
Rautaruukki Corporation Interim report 27 October 2014 at 8:40am EET Rautaruukki CORPORATION INTERIM REPORT Q1-Q3/2014:Rautaruukki became part of SSABSSAB AB's share exchange offer to Rautaruukki's shareholders was completed during the report period and Rautaruukki became a 95.1%-owned subsidiary of SSAB on 29 July 2014. SSAB has initiated redemption proceedings in accordance with the Limited Liability Companies Act - Finland in order to acquire the remaining shares in Rautaruukki. After the report period, Rautaruukki Corporation's Board of Directors resolved to apply, on 16 October 2014, for termination of trading in Rautaruukki shares and for the delisting of the shares from the official list of NASDAQ OMX Helsinki Ltd.Rautaruukki Corporation's Board of Directors has decided that the company's interim report for the third quarter will cover Rautaruukki Corporation, but not the former business areas (Ruukki Metals, Ruukki Building Products and Ruukki Building Systems). Rautaruukki became a subsidiary of SSAB on 29 July 2014 and the business entity formed then has, since 1 September, operated under a new organisation where business has been regrouped into five both structurally and with regard to segment-specific accounting rules. Rautaruukki's former business segments are no longer monitored and they are not material as regards decision-making. Due to the company's combination with SSAB, Rautaruukki no longer publishes a near-term outlook or guidance. The near-term outlook for the entire group is given in the prospects in the parent company SSAB AB's interim report that was published today. The result presented in this report does not materially differ from the guidance stated in the interim report for the period 1 January to 30 June 2014. January-September 2014 (Q1-Q3/2013)- Order intake was EUR 1,752 million (1,803). - Comparable net sales were EUR 1,779 million (1,814).- Reported EBITDA was EUR 97 million (129). - Comparable operating profit was EUR 27 million (31). - Comparable result before taxes was -EUR 8 million (2).- Net cash from operating activities was EUR 59 million (105).July-September 2014 (Q3/2013)- Order intake was EUR 566 million (568). - Comparable net sales were EUR 581 million (592).- Reported EBITDA was EUR 28 million (42). - Comparable operating profit was EUR 8 million (10). - Comparable result before taxes was EUR -2 million (0).- Net cash from operating activities was EUR 35 million (28). KEY FIGURES Q3/14 Q3/13 Q1-Q3/14 Q1-Q3/13 2013 Comparable figures Comparable net sales, EUR m 581 592 1,779 1,814 2,404 Comparable operating profit, EUR m 8 10 27 31 39 Comparable operating profit as % of net sales 1.4 1.7 1.5 1.7 1.6 Comparable result before income tax, EUR m -2 0 -8 2 -1 Reported figures Reported net sales, EUR m 581 592 1,779 1,815 2,405 Reported EBITDA, EUR m 28 42 97 129 168 Reported EBITDA as of % of net sales 4.8 7.2 5.4 7.1 7.0 Reported operating profit, EUR m -3 10 0 30 34 Reported result before income tax, EUR m -14 0 -35 1 -6 Net cash from operating activities, EUR m 35 28 59 105 184 Net cash before financing activities, EUR m 10 2 -2 40 101 Earnings per share, EUR -0.16 0.01 -0.31 -0.03 -0.10 Return on capital employed (rolling 12 months), % 0.1 -1.5 1.8 Return on capital employed (annualised), % -0.1 2.1 1.8 Gearing ratio, % 73.6 73.8 68.5 Equity ratio, % 43.2 44.9 45.0 Personnel on average 8,915 9,033 8,852 9,060 8,955 Rautaruukki Corporation's full interim report for January-September 2014 is attached to this release. For further information, please contactOlavi Huhtala, President & CEO, tel. +358 20 592 9157Mikko Hietanen, CFO, tel. +358 20 592 9030 Rautaruukki CorporationTaina KyllonenHead of Group Communications Rautaruukki is now part of SSAB (publ) (SSAB), a steel company with global reach which has its main production plants in Sweden, Finland and the United States. The company's steel business is structured around four divisions - SSAB Special Steels, SSAB Europe, SSAB Americas and the steel distribution partner Tibnor, and one division, Ruukki Construction, which focuses on the construction business. Rautaruukki's share is quoted on NASDAQ OMX Helsinki. SSAB's shares are quoted on NASDAQ OMX Nordic Stockholm and NASDAQ OMX Helsinki. www.ssab.com. www.ruukki.com DISTRIBUTION:NASDAQ OMX Helsinki Main mediawww.ruukki.com Rautaruukki Corporation Interim Report Q3 2014
http://www.ruukki.com/News-and-events/News-archive/2014/Rautaruukki-CORPORATION-INTERIM-REPORT-Q1-Q32014


Today: Al Ezz Dekheila Steel last cash dividends date
Mon, 27 Oct 2014 01:25:00 GMT
Arab Finance: Al Ezz Dekheila Steel irax said that it will distribute cash dividends on October 29. The firm said in a statement that for every share held by the end of October 26 trading, a LE15 cash dividend will be distributed.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=bd0077f289f74f6da1feb00ff07e89dc&url=http://www.4-traders.com/news/Today-Al-Ezz-Dekheila-Steel-last-cash-dividends-date--19258434/&c=SVCo4NWqiaBujtPA-CwAPiI_ziY8p9Ugu1wh0DSzNKc&mkt=en-gb


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 support@steelonthenet.com.