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Steel News - Middle East Region

Latest steel industry headlines


Official: Iran to Export 10mln Tons of Steel by Yearend
Thu, 23 Jan 2020 04:09:00 GMT
A major global producer and exporter of steel, Iran has sought to increase output despite economic woes that have affected downstream sections of the industry. IMIDRO announced in September that
https://en.farsnews.com/newstext.aspx%3fnn%3d13981103000532&c=13907372870984006293&mkt=en-gb


Official: Iran to Export 10mln Tons of Steel by Yearend
Thu, 23 Jan 2020 04:09:00 GMT
Iran expects its steel exports to touch 10 million tons by the yearend despite tyrannical sanctions imposed on the country by the US, Head of the Iranian Mines and Mining Industries Development and
https://en.farsnews.com/newstext.aspx%3fnn%3d13981103000532&c=13907372870984006293&mkt=en-gb


ISMC 2020': Iran Pushing Ahead With Steel Development Plans
Tue, 21 Jan 2020 14:19:00 GMT
The latest IMIDRO report shows that with 13.26 million tons of output, MSC had the largest share of steel production in Iran during the first nine months of the current Iranian year (March 21-Dec
https://financialtribune.com/articles/domestic-economy/101823/ismc-2020-iran-pushing-ahead-with-steel-development-plans&c=6415890415619801573&mkt=en-gb


Impact of US sanctions on Iran steel, iron exports seen limited: ...
Thu, 16 Jan 2020 08:40:00 GMT
Irans steel exports have increased during the period of secondary sanctions against the country, according to data from Iranian mines and metals holding group Imidro. Much Iranian steel is in any
https://www.hellenicshippingnews.com/impact-of-us-sanctions-on-iran-steel-iron-exports-seen-limited-sources/&c=6429064549946473415&mkt=en-gb


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


Turkey to decide on trade measures following EU's quota review
Tue, 14 Jan 2020 00:00:00 GMT
The Turkish Trade Ministry will probably decide on trade measures against the EU based on the principle of reciprocity, following the European Commissions expected review of steel quotas, a Turkish producer executive told Platts Monday. Another executive of a major Turkish producer, however, said that as no notable developments happened regarding reciprocal duties for
http://eurometal.net/turkey-to-decide-on-trade-measures-following-eus-quota-review/


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


Startup for ENERGIRON Plant at Ezz Steel
Thu, 09 Jan 2020 21:51:00 GMT
On 20th of December 2015, the new ENERGIRON High Productivity Direct Reduction Plant, installed in Ezz Rolling Mills in Egypt, successfully passed the Performance test at the first trial just one
https://steelguru.com/steel/startup-for-energiron-plant-at-ezz-steel/554697&c=9001741250525162188&mkt=en-gb


Iran Steel Production Chain Exports Rise 23% to 7.7 Million Tons
Wed, 08 Jan 2020 12:41:00 GMT
The IMIDRO report reviewing steel production chain exports since the beginning of the fiscal 2017-18 up until the end of the eighth month of the current yeara 30-month period from March 21
https://financialtribune.com/articles/domestic-economy/101611/iran-steel-production-chain-exports-rise-23-to-77-million-tons&c=15927751961766899240&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


Iran to Keep Supporting Metal Exports with Tariffs
Tue, 31 Dec 2019 05:40:00 GMT
Iran, a leading producer of steel and other precious metals like ... The report quoted the head of IMIDRO, Irans largest metals and mining sector group, as saying that the country was aiming
https://en.farsnews.com/newstext.aspx%3fnn%3d13981010000860&c=4865787014792254594&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


Irans Mining Exports Rising YOY
Wed, 25 Dec 2019 06:06:00 GMT
According to IMIDRO, mining sector accounted for 16 percent ... Irans ministry of industry issued a report showing that production of crude steel, including blooms, billets, and slabs, had
https://en.farsnews.com/newstext.aspx%3fnn%3d13981004000871&c=7410311153336075489&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


Iran Posts 7% Rise in Steel Output
Fri, 13 Dec 2019 05:35:00 GMT
Given the indigenized technical knowhow and knowledge made in Iranian mines and mineral sector, Irans steel industry has been less unfazed as a result of the US sanctions imposed on the country, he
https://en.farsnews.com/newstext.aspx%3fnn%3d13980922000464&c=12348878741312389528&mkt=en-gb


National projects to support 4% growth in Egyptian steel market ...
Tue, 10 Dec 2019 22:34:00 GMT
SABIC Steel, and some Egyptian companies, notably Ezz Steel. He explained that the demand for steel decreased by 6% in 2018, but has improved in the second half of the year with the acceleration of
https://www.zawya.com/mena/en/business/story/National_projects_to_support_4_growth_in_Egyptian_steel_market_in_2020_AISU-SNG_161867474/&c=6770955034145019360&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


Reviving Tuwairqi Steel
Sun, 08 Dec 2019 18:24:00 GMT
THE patience and dedication of a tiny group to save a huge DRI (direct reduced iron) steel plant in Karachi might pay off in the end. Hopes for the Tuwairqi Steel Mills Ltd (TSML) rekindled after six
https://www.dawn.com/news/1521113&c=15016426317014038035&mkt=en-gb


Govt approves 4th power tariff hike in 11 months
Thu, 28 Nov 2019 19:53:00 GMT
The industries ministry wanted to give gas at just $4.65 per mmbtu to the new Direct Reduction Iron (DRI) projects and the stalled Tuwairqi Steel Mills. Both the Federal Board of Revenue (FBR
https://tribune.com.pk/story/2108417/2-govt-approves-4th-power-tariff-hike-11-months/&c=10434219460479472340&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


Minerals extraction at 500m tons in a year
Tue, 24 Sep 2019 00:00:00 GMT
TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani put the countrys minerals extracted in the past Iranian calendar year (ended on March 20, 2019) at 500 million tons, IRNA
http://www.tehrantimes.com/news/440462/Minerals-extraction-at-500m-tons-in-a-year


Number of news reports: 25



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