Middle East steel industry news.

Steelonthenet.com logo

Middle East News

Tubos Colmena adds Thermatool HF welding technology
Wed, 05 Jan 2022 13:11:00 GMT
Tubos Colmena, a manufacturer of structural and mechanical tube and pipe products in Colombia, has invested in two Thermatool solid-state, high-frequency (HF)

Turkish mills continue to pull down domestic scrap buying prices
Mon, 27 Dec 2021 00:00:00 GMT
Turkish steel mills continued to cut their lira-denominated domestic scrap buying prices for the third consecutive day on Dec. 24, as the currency continued to strengthen after the government announced support measures Dec. 20. Turkish deepsea import ferrous scrap prices inched up on Dec. 23, as a fresh Venezuela-origin cargo was booked. S&P Global

Turkish steelmaker Colakoglu aims to raise capacity by 50% by ...
Wed, 22 Dec 2021 00:00:00 GMT
Major Turkish steelmaker Colakoglu is to raise its output capacity by 50% to 4.5 million mt by the end of 2022, CEO Ugur Dalbeler told S&P Global Platts Dec. 20, adding that the company has already started investment in the project. Colakoglu is also aiming to cut its CO2-emissions and costs with a new

Colakoglu cuts emissions, costs with new equipment
Mon, 20 Dec 2021 00:00:00 GMT
Turkeys Colakoglu Metalurji is installing new Smart Steel Technologies SST Temperature AI software in order to achieve precisiontemperature control in melts, the company says. The installation of the technology, which will be implemented live without interruption to the melting process, will enable savings on energy costs and reduction in CO2 emissions, while leading to

Fortescue Future Industries CEO meets local communities in Wabo ...
Fri, 10 Dec 2021 00:00:00 GMT
Chief Executive Officer (CEO) of Fortescue Future Industries (FFI), Julie Shuttleworth AM, has just completed her visit in Papua New Guinea (PNG) where she met with local communities at the newly established FFI Purari hydropower project camp in Wabo (Gulf Province) and saw FFIs potential geothermal energy project areas of interest in West New Britain

Iron ore concentrate output hits 30m tons
Mon, 06 Dec 2021 00:00:00 GMT
Production of iron ore concentrate in Iran stood at 29.950 million tons in the first seven months of the current Iranian calendar year (March 21-October 22), a four-percent rise year on year. Also, iron ore concentrate output rose five percent in the seventh month of this year, from that of the previous year, as 4.432 million tons of the product produced in the seventh month of the present year. Production of iron ore concentrate in Iran during the previous Iranian calendar year 1399 (ended

Turkish mills' sections exports rise, Morocco top market
Mon, 29 Nov 2021 00:00:00 GMT
Turkish steel mills sections exports in the first three quarters of the year totaled 1.59 million mt, up 15.7% year on year, according to the latest monthly Turkish Statistical Institute (TUIK) data. Morocco was the top destination for Turkish sections in January-September at 106,700 mt, up 17% on year, while exports to Malaysia reached

Aluminum ingot production up 23% in 7 months on year
Sat, 20 Nov 2021 13:04:01 GMT
TEHRAN Production of aluminum ingot in Iran rose 23 percent during the first seven months of the current Iranian calendar year (March 21-October 22), as compared to the same period of time in the past year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)

PROJECTS: Egypt offers new licenses for iron and steel projects
Fri, 05 Nov 2021 00:00:00 GMT
Egypts Industrial Development Authority (IDA) under the Ministry of Commerce and Industry is offering six new licenses to establish green field projects or expand brownfield plants to increase local production of billets, sponge iron and iron pellets. IDA head Mohamed Al-Zallat said in a statement that the licenses are split into three for billets two with a production capacity of 1.1 million tonnes/year each, and one with a production capacity of 200,000 tonnes/year; a single license for

IMIDRO's coal concentrate output increases 8% in H1
Wed, 03 Nov 2021 13:04:02 GMT
TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)s subsidiaries have produced over 732,000 tons of coal concentrate during the first half of the current Iranian calendar year (March 21-September 22), which was eight percent more than the figure for the same period of time in the past

Turkish mills focus more on exports as local steel consumption ...
Wed, 03 Nov 2021 00:00:00 GMT
As steel consumption in Turkey fell notably in September and imports remained a threat, Turkish mills focused more on exports, Turkish Steel Producers Association (TCUD) said in a statement sent to S&P Global Platts Nov. 1. According to the latest TCUD data, steel consumption in Turkey declined by 24% year on year in September

Turkish HDG exports soar on EU demand, dumping probe raises concerns
Fri, 22 Oct 2021 00:00:00 GMT
Demand from European countries, particularly from southern Europe, continued to support Turkish mills coated coil exports, however the EUs dumping probe on Turkish HDG has begun to raise some concerns among European buyers in recent weeks, sources told S&P Global Platts. The European Commission (EC) opened an investigation into hot-dip galvanized coil imports from

Number of Middle East industry news reports: 12
Subscribers get access to latest set of business news releases (up to 20 reports).
Click here to subscribe.

Copyright © 2001 - 2022 Steelonthenet.com. All rights reserved.
Middle East iron and steel industry news.