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Liberty Steel's Romanian subsidiary needs EUR 100 mln to buy ...
Wed, 07 Apr 2021 10:00:00 GMT
Liberty Galati, the Romanian subsidiary of Liberty Steel - part of GFG Alliance controlled by Indian businessman Sanjeev Gupta - urgently needs EUR 100 million to purchase the CO2 certificates that it sold last

Sanjeev Gupta gearing up for war over steel empire
Sun, 04 Apr 2021 10:50:00 GMT
Industrial tycoon Sanjeev Gupta has drafted in a 'barrage' of lawyers to defend his steel empire as a crisis at its biggest lender threatens to engulf him. Gupta's GFG Alliance, which owns Liberty Steel in the UK, is holding emergency talks to secure new financing and save 5,000 British jobs after the collapse of Greensill

Suez Canal blockage spares Mid-East importers for now
Fri, 26 Mar 2021 00:00:00 GMT
The blockage of the Suez Canal by a large container ship earlier this week has so far had minimal impact on steel and raw materials trade. But there could be disruption if the vessel takes longer to re-float, Middle Eastern sources tellKallanish. Various Gulf Cooperation Council billet buyers say they have so far felt

Fortescue engineer recognised at Chamber of Minerals and Energy ...
Tue, 09 Mar 2021 00:00:00 GMT
Fortescue Metals Group is proud to recognise the significant contributions of the Companys female employees at the 2021 Women in Resources Awards, with Reliability Engineer Pooja Haria scooping up the Outstanding Young Woman in Resources and Peoples Choice

MMK Turkish asset sets new production record for hot dip galvanized ...
Tue, 16 Feb 2021 00:00:00 GMT
January 2021 saw the hot dip galvanizing line at the MMK Metalurji site in Dortyol (Turkey) churn out 42,316 tonnes of products, an absolute record for any MMK Group unit. In total, two hot dip galvanizing lines at MMK's Turkish sites in Dortyol and Dilovasi produced 78,613 tonnes of hot dip galvanized products in January which is a record monthly volume for MMK

IMIDRO to inaugurate mining development projects worth over $355m ...
Sat, 13 Feb 2021 13:04:04 GMT
TEHRAN- The head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that the organization will inaugurate 23 development projects in mines and mining industries

Domestic production in mining sector saves Iran nearly $1b
Fri, 12 Feb 2021 13:04:04 GMT
TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has announced that domestic production and indigenizing technology in the mining sector has saved Iran nearly $1 billion during the current Iranian calendar year (began on March 20,

Steel manufacturers seek new deal on electricity charges as prices ...
Sat, 06 Feb 2021 00:00:00 GMT
UK steel manufacturers have paid 25 per cent more for their electricity than European competitors over the past five years, industry officials have revealed. The energy intensive industry is now calling for reductions in charges to remain competitive after the price gulf between the UK, Germany and France reached more than a quarter of a billion pounds. It can account for 20 per cent of the production process, and is up to 86 per cent more than mills across the North Sea, and 62 per cent

Third product category exhausts UK safeguard quota
Wed, 03 Feb 2021 00:00:00 GMT
Large welded tubes are the third product category to exhaust their UK tariff rate quotas for the first quarter, after hollow sections from Turkey and other countries, UK steel distributors association NASS informsKallanish. No other quota categories are critical, although Tin Mill Products (6) from China is the nearest quota to become so. There

EU remains Turkey's main HRC export market despite barriers
Fri, 08 Jan 2021 00:00:00 GMT
Although Turkish steel mills overall hot-rolled coil exports in January-November 2020 were 14.5% below last year at 2.71 million mt, due to the EUs import quotas and anti-dumping and countervailing duty investigations, the EU region remained Turkish mills main HRC export destination last year. Despite quotas and safeguard investigations, Italy remained Turkeys largest HRC

Mines of Iran hold 27 widely used minerals
Sat, 26 Dec 2020 13:04:04 GMT
TEHRAN- The mines of Iran have 27 widely used minerals, according to the head of the Iranian Mining Engineering Organization

EC to impose duty of up to 7.8% on some Turkish steel imports: ...
Fri, 18 Dec 2020 00:00:00 GMT
The European Commission is to impose an anti-dumping duty of 4.6%-7.8% on imports of some Turkish steel products, the CEO of major Turkish steelmaker Colakoglu told S&P Global Platts on Dec. 17. The EC launched an anti-dumping investigation into imports of certain hot-rolled flat products from Turkey in mid-May following a request by European

Number of Middle East industry news reports: 12
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