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Turkish steel producer Borusan starts talks on acquisition of ...
Mon, 20 Mar 2023 00:00:00 GMT
Turkeys largest steel pipe producer Borusan Mannesmanns fully owned US subsidiary, Borusan Mannesmann Pipe US Inc., has started negotiations with German steel pipe producer Europipe GmbH on the acquisition of all issued and outstanding shares of capital stock in Europipes US subsidiary, Berg Europipe Holding Corp, Borusan said March 16. According to a regulatory

Turkey's Ekinciler restarts steel production with full capacity ...
Fri, 10 Mar 2023 00:00:00 GMT
Large Turkish long steelmaker Ekinciler Demir Celik has restarted production after it halted due the Feb. 6 earthquakes, Executive Board Member Huseyin Soykan said March 9. After eliminating the destructive effects of the earthquakes, Ekinciler Demir Celik has begun to work with full capacity again, a company statement said. Ekinciler has a 1.25 million

Turkish Trade Ministry, steelmakers agree on price control mechanism
Fri, 03 Mar 2023 00:00:00 GMT
The Turkish Trade Ministry and steelmakers, which held a meeting at the ministry March 2 about steel supply for reconstruction projects in earthquake-affected regions, have reached an agreement on establishing a price control mechanism to prevent speculation. According to an information note from steelmakers seen by S&P Global Commodity Insights, the housing development administration

Turkey postpones imposition of higher customs duties on flat ...
Tue, 28 Feb 2023 00:00:00 GMT
Turkey has postponed the effective date of the increase in customs duties on imports of flat steel with a new presidential decree published Feb. 26, following an earlier decree on the same on Jan. 28. According to the decree seen by S&P Global Commodity Insights, the effective date of the custom duty rise will

Italian distribution sees slow downstream market
Wed, 22 Feb 2023 00:00:00 GMT
The Italian distribution sector reports slow domestic demand for coils derivatives and particularly welded tubes, for which prices continue to lag behind the latest hot rolled coil price increases. Demand however is forecast to be supported by the Turkish earthquake The disaster is causing a drastic reduction of tube volumes traded into Europe. The

Ukraine: Metinvest to appoint Zaporizhstal CEO
Tue, 14 Feb 2023 10:38:17 GMT
Shareholders of Zaporizhstal intend to appoint Roman Slobodyanyuk CEO of the company. Since January 1, he has been serving as acting CEO. The decision will be taken at the extraordinary shareholders meeting scheduled for March 16. The previous CEO Alexander Mironenko will continue his work as Metinvest COO. (Ukrainian

Iran sees growth in crude steel output among top 10 producers
Tue, 07 Feb 2023 00:00:00 GMT
New data released by the World Steel Association show Iran registered the biggest growth in crude steel production last year among the top 10 biggest producers in the world. Iranian steel mills produced a total of 30.6 million tons of crude steel in 2022, registering an 8% rise compared with 2021. Irans December output hit 2.7 million tons, registering a 3.3% year-on-year rise., Financial Tribune reported. In terms of the world ranking, Iran maintained its global standing as the worlds

Borusan Mannesmann to start new Romania steel pipe facility end-2023
Thu, 02 Feb 2023 00:00:00 GMT
Turkeys largest steel pipe producer Borusan Mannesmann will start construction of its new steel pipe facility in Romania in March, which is scheduled to start serial production at the end of 2023, it said Jan. 31. We will process pipes at the facility to meet our automotive customers special pipe requirements, like cylinder tubes

Romanian steel pipe group sold by Russian owner to Serbian investment ...
Tue, 24 Jan 2023 00:00:00 GMT
Romanian pipe manufacturer Artrom Steel Tubes has been acquired by Belgrade-based investment banking company Hefestos Capital from Russian pipemaking group TMK, Artrom said in a statement emailed to S&P Global Commodity Insights. The sale of Artrom may have been necessitated by pressure from the Romanian government to disassociate industrial enterprises from the Russian business,

TMK deconsolidates EU steel mills; Rusal about to lose alumina ...
Fri, 13 Jan 2023 00:00:00 GMT
Russian steel pipe maker TMK and Russian aluminum producer Rusal are set to lose some of their foreign assets the former in the EU and the latter in Ukraine, industry sources told S&P Global Commodity Insights Jan. 12. Romanian steel pipe manufacturer TMK-Artrom is changing its name to Artrom Steel Tubes due to

Irans crude steel output rises 8.5% to 27.9m tons
Wed, 28 Dec 2022 00:00:00 GMT
Irans steel mills produced a total of 27.9 million tons of crude steel during from the beginning of 2022 until November, registering an 8.5% rise compared with the corresponding period of 2021, the latest data released by the World Steel Association show. Its November output hit 2.9 million tons, registering a 3.9% year-on-year rise, Financial Tribune reported. In terms of world ranking, Iran maintained its global standing as the worlds 10th biggest crude steelmaker. China was the worlds

Liberty's Galati shuts only working BF for maintenance; no market ...
Thu, 08 Dec 2022 00:00:00 GMT
Liberty Steels decision to suspend operations at a blast furnace (BF) at its Galati plant in Romania for the rest of the year for planned maintenance will have no impact on supply, it said. BF5, which has capacity of 2 million tonnes per year of pig iron, will close for maintenance work before the

Number of Middle East industry news reports: 12
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