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Steel News - Middle East Region

Latest steel industry headlines

Iranian Researchers Devise New Whirlwind Pressure Method
Fri, 08 Mar 2019 16:12:00 GMT
Reza Bijanzadeh and his fellow introduced a method for producing negative pressure similar to a whirlwind, manufacturing a device used in many industries, including steel and oil, by which Iran

Industry survival depends on government protection
Mon, 04 Mar 2019 00:00:00 GMT
In steel terminology, long products refer to bars ... There is one company in Lahore that is supposed to have bought a second-hand Chinese rolling mill under the name of Hadeed Pakistan. Also,

Is it time to sell the rallies on Dubai, Abu Dhabi stock markets
Sun, 17 Feb 2019 05:44:00 GMT
Palm Hills and Ezz Steel shares were up more than 5 per cent. The Egyptian index has gained 15 per cent since the start of the year. Elsewhere in the region, Saudi Arabias Tadawul index closed

EU accelerates anti-dumping legislation for welded tube
Wed, 13 Feb 2019 00:00:00 GMT
No imports of welded tube nor hollow sections arrived at European ports in January. This may be the consequence of the new European Union (EU) anti-dumping investigation into imports of hollow sections, welded tubes and pipes from Russia, Turkey and former Yugoslavian Republic of Macedonia. Material may still be imported in February and in

Steel Ministry participates in Safeguard inquiry in Canada
Tue, 12 Feb 2019 03:45:00 GMT
Since Indian exporters have a huge stake in two product categories, namely SSW and ETP, Ministry of Steel decided to participate in the inquiry. Governments of Korea, Thailand, Mexico, Romania and

In Texas, Teachers See Savings Eroded by Bad Bets on Exotic Stocks
Fri, 08 Feb 2019 01:34:00 GMT
And don't forget Erdemir, the 53-year old Turkish company that is now a part of OYAK Mining Metallurgy Group, the country's largest integrated steel producer. According to an annual report, the parent

Annual coal output to reach 1.6m tons by March 20 - IMIDRO
Wed, 06 Feb 2019 01:22:00 GMT
The IMIDRO data put the countrys annual coal output at 1.5 million tons in the past Iranian year. Meanwhile, as Industry, Mining and Trade Minister Reza Rahmani has previously announced

MIDEAST STOCKS-New Saudi-MSCI index dips; earnings boost Dubai
Thu, 31 Jan 2019 22:30:00 GMT
Saudi's Bahri falls on lower Q4 profit * Dubai's Deyaar gains on FY results * Abu Dhabi's ADCB climbs after three-way banking merger * Egypt's Ezz steel continues to rise on rating hike By Shakeel

Egypt shares jump 4.6 pct this week on expectations of a rate ...
Thu, 31 Jan 2019 08:04:00 GMT
Among the shares that saw strong gains this week were Commercial International Bank, investment bank EFG Hermes, Ezz Steel and real estate developers SODIC and Talaat Mostafa Group. ($1 = 17.6200

EU takes aim at Turkish steel sector
Fri, 18 Jan 2019 13:31:00 GMT
Erdemir, Turkeys largest producer ... Local demand is also extremely poor, said Turkish Steel Exporters Association (CIB) head Adnan Aslan. The CIB estimated late last year, before the latest EU mo...

CALENDRIER du 21 janvier au 27 janvier 2019
Fri, 18 Jan 2019 04:18:00 GMT
Mr Phil Hogan in Cairo, Egypt: meets Mr Sameh Hassan Shoukry Selim, Minister for Foreign Affairs; meets Mr Ezz el-Din Abu-Steit ... receives representatives of the Slovak business ( U.S.Steel

EU safeguards quota to hit Turkish rebar mills - Report
Thu, 17 Jan 2019 21:07:00 GMT
However, Erdemir, Turkeys largest producer, said it was producing as normal. The Commission said on Wednesday it will extend and beef up its existing safeguard steel import caps until July

EU Takes Aim at Turkish Steel Sector Buckling Under Trump Tariffs
Thu, 17 Jan 2019 00:00:00 GMT
Erdemir, Turkey's largest producer ... Local demand is also extremely poor, said Turkish Steel Exporters' Association (CIB) head Adnan Aslan. The CIB estimated late last year, before the latest EU mo...

Donald Trump is willing to play 'hardball' with Ankara over Syrian ...
Mon, 14 Jan 2019 10:05:00 GMT
Mr Brunson was released in October 2018 after spending two years in jail mainly because the US vowed to lift crippling sanctions on two Turkish ministers and increased tariffs on Turkish steel

Rio Tinto ore shipments disrupted in WA port fire
Mon, 14 Jan 2019 00:00:00 GMT
Mining giant Rio Tinto's exports of iron ore have been disrupted after a fire engulfed a section of one of its ports in WA's minerals-rich

The unknown fate of ill-gotten Egyptian money in the British ...
Thu, 10 Jan 2019 04:04:00 GMT
Mubarak and his clique, such as businessmen Hussein Salem and Ahmed Ezz, also monopolised strategic commodities such as steel, iron, and oil as well as seizing public land to make lucrative businesses

ASIAN MORNING BRIEF 28/12: Turkey rebar demands weakens; Middle ...
Thu, 27 Dec 2018 17:18:00 GMT
Feeding and trial production at Zhuzhou Smelters new zinc project located in Shuikoushan, Hunan province started on Wednesday ... said at the 22nd Middle East Iron and Steel Conference in Dubai, on D...

MEIS 2018: Five things we learned
Thu, 20 Dec 2018 16:00:00 GMT
The region still has to import flat steel, though, because there is only one producer of hot-rolled coil in the Middle East - Saudi Arabia's Hadeed Sabic. However, other producers are now looking at d...

Middle East Stocks Mostly Higher to Flat, Egypt Jumps With Help ...
Mon, 17 Dec 2018 10:08:00 GMT
The firm expects 2018 sales to beat guidance. Ezz Steel was upgraded to neutral at CI Capital with a 19 Egyptian pounds price target. Saudi Telecom announced its dividend policy for the next three yea...

MEIS 2018: Saudi Arabias Hadeed Sabic plans new steel product ...
Wed, 12 Dec 2018 18:04:00 GMT
State-owned Saudi Arabian steel producer Hadeed Sabic plans to investment in a new product, although the details have yet to be announced, company president Mohammed Al-Zahrani said on Tuesday Decembe...

Number of news reports: 20

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