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Steel News - Middle East Region

Latest steel industry headlines


COVID-19: A senior Pakistani doctor loses his life in fight against ...
Tue, 07 Apr 2020 22:17:00 GMT
Dr Malik said Dr Soomro was a former chief medical officer (CMO) of the Pakistan Steel Mills ... Farida Yaqoob Alkhidmat Hospital in Gulshan-e-Hadeed, and as well as those in
https://gulfnews.com/world/asia/pakistan/covid-19-a-senior-pakistani-doctor-loses-his-life-in-fight-against-coronavirus-1.70849404&c=11524833590279003982&mkt=en-gb


Exploration operations underway on over 652,000 sq.km of land: ...
Tue, 07 Apr 2020 04:31:00 GMT
IMIDRO is currently collaborating with major mining companies across the country including Khuzestan Steel Company, Mobarakeh Steel Company, Golgohar Mining, and Industrial Company, Chadormalu Mining
https://www.tehrantimes.com/news/446567/Exploration-operations-underway-on-over-652-000-sq-km-of-land&c=16587975406050242095&mkt=en-gb


Noted doctor dies of coronavirus
Mon, 06 Apr 2020 19:13:00 GMT
Dr Soomro was a former medical officer of the Pakistan Steel Mills and respected in the fraternity for ... contracted the viral infection from any of his patients in Gulshan-i-Hadeed, where so far
https://www.dawn.com/news/1546985&c=11072435727627603655&mkt=en-gb


The Mubarak System without Mubarak
Sat, 28 Mar 2020 09:21:00 GMT
Businessmen such as the former steel baron and NDP functionary Ahmed Ezz, whose political capital enabled him, via murky business practices and credit fraud (particularly with state banks), to control
https://en.qantara.de/content/political-upheaval-in-egypt-the-mubarak-system-without-mubarak&c=4447463976356895384&mkt=en-gb


Egypt suspends trading in 40 shares after they fall more than ...
Tue, 17 Mar 2020 17:39:00 GMT
Egypts stock exchange suspended trading in 40 shares for 10 minutes on Tuesday after they fell more than 5%. Among the stocks to see sharp falls were Ezz Steel which was down 8.4% and Madinet Nasr
https://uk.reuters.com/article/egypt-stocks/egypt-suspends-trading-in-40-shares-after-they-fall-more-than-5-idUKC6N2AK008&c=13816546816567261177&mkt=en-gb


SEAISI Press Release
Thu, 12 Mar 2020 00:00:00 GMT
Iranian crude steel output growth causes DRI shortage
http://www.seaisi.org/news_details.php?nid=9772


IMIDRO Pays Accumulated Debts to Govt
Wed, 11 Mar 2020 11:15:00 GMT
IMIDRO is a major state-owned holding company active in Irans mining sector. Its subsidiaries are active in the fields of steel, aluminum, copper and cement
https://financialtribune.com/articles/domestic-economy/102499/imidro-pays-accumulated-debts-to-gov-t&c=15053579341532950830&mkt=en-gb


Iraq closes borders with Iran on virus, subdues steel trade
Tue, 10 Mar 2020 14:25:00 GMT
In the past month alone exports totaled 675,000 mt, a 93% increase on year, according to statistics from Iranian mines and metals holding group Imidro. Iran exported some $2.5 billion dollars worth of
https://www.hellenicshippingnews.com/iraq-closes-borders-with-iran-on-virus-subdues-steel-trade/&c=3812599465232614318&mkt=en-gb


Egypts EGX suspends trades on 25 companies amid new confirmed ...
Mon, 09 Mar 2020 09:33:00 GMT
At the beginning of Sunday's trading session, the EGX was forced to suspend trades on 25 companies that surpassed the downward trend limit of five percent. The suspended companies included Ezz Steel,
http://english.ahram.org.eg/NewsContent/3/12/364878/Business/Economy/Egypt%e2%80%99s-EGX-suspends-trades-on--companies-amid-new.aspx&c=2096168772563891405&mkt=en-gb


Southern EU HRC import offers remain uncompetitive
Fri, 28 Feb 2020 00:00:00 GMT
Import offers of hot rolled coil into southern Europe are still uncompetitive, despite some source believing service centres will soon need to replenish their stocks. Turkish suppliers are still reported to be offering at 480-490/tonne ($527-537) cfr. This is well above the 440-460/t ex-works base transaction levels registered in Italy and not competitive compared
http://eurometal.net/southern-eu-hrc-import-offers-remain-uncompetitive/


Hadeed Pakistan Starts CR Mill in Pakistan
Thu, 27 Feb 2020 21:31:00 GMT
Hadeed Pakistan Pvt Ltd has recently started production of cold rolled steel in new300000 tonnes per annum capacity plant in Sheikupura Ferozwala in Punjab Provice of Pakistan. PCC Hadeed
https://steelguru.com/steel/hadeed-pakistan-starts-cr-mill-in-pakistan/556571&c=2261487909801292206&mkt=en-gb


Egypt's EGX approves Al Ezz Dekheila Steels rights issue
Wed, 26 Feb 2020 00:00:00 GMT
Cairo The Egyptian Exchanges (EGX) listing committee approved a request to list the rights issue of Al Ezz Dekheila Steel Alexandria. The companys capital will be raised by EGP 1.217 billion to
https://www.zawya.com/mena/en/markets/story/Egypts_EGX_approves_Al_Ezz_Dekheila_Steels_rights_issue-SNG_168461748/&c=1482337808578669205&mkt=en-gb


PTI govt to mull over US firms offer to acquire Tuwairqi Steel ...
Tue, 25 Feb 2020 19:19:00 GMT
ISLAMABAD: The Economic Coordination Committee (ECC) is set to consider an offer of a US-based firm to acquire Al-Tuwairqi Steel Mills Limited (TSML), a way forward for an out-of-court settlement
https://tribune.com.pk/story/2164240/2-pti-govt-mull-us-firms-offer-acquire-tuwairqi-steel-mills/&c=7912653874811999591&mkt=en-gb


Coronavirus to disrupt steel trade flows
Wed, 12 Feb 2020 00:00:00 GMT
Buyers of Chinese steel are diversifying their supply sources as the coronavirus outbreak threatens to disrupt shipments. Turkish flat steel producers are getting inquiries from atypical destinations over the past week, which they attribute to apprehension about the virus interfering with deliveries. One re-roller received demand from as far as southeast Asia. Some European
http://eurometal.net/coronavirus-to-disrupt-steel-trade-flows/


Factbox: Iran's metals under new U.S. sanctions
Tue, 14 Jan 2020 07:51:00 GMT
Below are details of Irans main minerals, based on data from IMIDRO, unless otherwise stated ... In 2018, Iran was ranked 11th among global steel producers, according to World Steel
https://uk.reuters.com/article/us-usa-iran-metals-factbox/factbox-irans-metals-under-new-u-s-sanctions-idUKKBN1ZD223&c=13491914472140077099&mkt=en-gb


US imposes new sanctions on Irans steel, metals exports
Sun, 12 Jan 2020 05:18:00 GMT
However, in the past month alone exports totalled 485,000 mt, a 91 per cent increase year on year, according to statistics from Iranian mines and metals holding group Imidro. Most of Irans steel
http://www.tradearabia.com/news/IND_362726.html&c=2690280918045784635&mkt=en-gb


Ezz Steel records $261.87mln losses in 9M 2019 as demand decreases
Sun, 05 Jan 2020 23:03:00 GMT
Ezz Steels total profits also decreased to EGP 528.6m, compared to EGP 4.64bn in the comparison period The consolidated financial statements of Ezz Steel showed a net loss of over EGP 4bn in the
https://www.zawya.com/mena/en/markets/story/Ezz_Steel_records_26187mln_losses_in_9M_2019_as_demand_decreases-SNG_163826027/&c=4878775430811239186&mkt=en-gb


Ezz Steel incurs loss in 9 months unaudited standalone financials
Mon, 30 Dec 2019 04:19:00 GMT
Cairo Mubasher: Ezz Steel announced succumbing to losses during the first nine months of 2019, the companys unaudited standalone financial results showed. The steel manufacturer suffered net losses
https://www.zawya.com/mena/en/markets/story/Ezz_Steel_incurs_loss_in_9_months_unaudited_standalone_financials-SNG_163413054/&c=755895431128211897&mkt=en-gb


MIDEAST STOCKS-Banks hold back Saudi, Egypt rebounds on lender ...
Sun, 29 Dec 2019 08:00:00 GMT
Eight of 11 Saudi banks drop * Riyad Bank announces a higher H2 dividend * Eshraq dips after cancelling capital decrease * Ezz Steel falls on posting 9-month loss By Ateeq Shariff Dec 30 Reuters -
https://af.reuters.com/article/egyptMarketNews/idAFL8N294245&c=13245376904080763481&mkt=en-gb


Emirsan Trailer- Semi-Trailer manufacturer and seller in Turkey
Wed, 25 Dec 2019 19:32:00 GMT
Emirsan Trailer is a brand of Erdemir Dis Ticaret company that is manufacturing different kind of semi trailer ... Chassis structure and axles are European brand or Turkish brand upon request. hardox
https://medium.com/%40agokhantutak/emirsan-trailer-semi-trailer-manufacturer-and-seller-in-turkey-5de92a5659f3&c=11444382987296729383&mkt=en-gb


Al Ezz Dekheila Steel turns to loss in 9 month unaudited standalone ...
Mon, 23 Dec 2019 02:00:00 GMT
Cairo Mubasher: The unaudited standalone financial results of Al Ezz Dekheila Steel Alexandria showed a turn to losses during the first nine months of 2019. The company incurred net losses of EGP
https://www.zawya.com/mena/en/markets/story/Al_Ezz_Dekheila_Steel_turns_to_loss_in_9_month_unaudited_standalone_financials-SNG_162902096/&c=11830924810964180865&mkt=en-gb


US expands sanctions on metal trade with Iran
Tue, 17 Dec 2019 14:02:00 GMT
Iran is a leading producer of steel in the world, with officials saying exports continue despite the US sanctions. According to Khodadad Gharibpour, the head of Iran's largest holding in metals sector
http://www.globalsecurity.org/wmd/library/news/iran/2019/iran-191217-presstv01.htm&c=2777104369244003893&mkt=en-gb


A variety of options for revival of Tuwairqi Steel Mills
Sun, 08 Dec 2019 19:07:00 GMT
ISLAMABAD: Tuwairqi Steel Mills Limited (TSML) had been established in Pakistan in 2008 and could not be put into operation due to a gas supply dispute. TSML expected gas supply at an
https://tribune.com.pk/story/2113912/2-variety-options-revival-tuwairqi-steel-mills/&c=16508630779199219425&mkt=en-gb


Ezz Steel to sell 88.9mln shares in Al Ezz Rolling Mills in stock-swap ...
Wed, 27 Nov 2019 00:00:00 GMT
Cairo Mubasher: The board of directors of Ezz Steel approved the sale of its 88.92 million shares in Al Ezz Rolling Mills (ERM) in exchange for increasing its shares in Al Ezz Dekheila Steel
https://www.zawya.com/mena/en/markets/story/Ezz_Steel_to_sell_889mln_shares_in_Al_Ezz_Rolling_Mills_in_stockswap_deal-SNG_160587174/&c=12795853057366385490&mkt=en-gb


Steel ingot production by major producers at 11.9m tons in 7 ...
Sat, 23 Nov 2019 06:27:00 GMT
IMIDRO data show that Mobarakeh Steel Company accounted for the lions share (46 percent) of the output during the mentioned time span. Annual production of steel ingot in Iran is predicted to rise to
http://www.tehrantimes.com/news/442279/Steel-ingot-production-by-major-producers-at-11-9m-tons-in-7&c=7903083681507319826&mkt=en-gb


Number of news reports: 25



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