Egypt - Ezzsteel: Rebar price increase by US$62 per ton as of September 2010
Last Update 01/09/2010 14:06:46
ArabSteel – Ezzsteel increased the price of rebar as of September 2010 by EGP350 per ton (US$61.4). Thus, the ex-works price of rebar reached EGP3950 per ton (US$693) tax on sales not included as compared to EGP3600 (US$631) for August, rising by 9.7% M-o-M. [..More]
Bahrain - Phase I of "SULB" iron & steel complex is underway
Last Update 01/09/2010 13:00:05
ArabSteel - The contracting companies that have been awarded contracts to construct the "SULB" project in Bahrain have started with fencing and leveling the land allocated for the project, which is the beginning of Phase I of this project that will take up to 3 years in construction. Phase I is expected to complete in 2011 according to Mr. Khaled Al-Qadieri, Managing Director of "SULB", who explained that embarking on the three plants of the complex have come after reexamining all necessary environmental stipulations, completing all necessary studies in relation, complying with local and international environmental standards and acquiring all necessary approvals from competent authorities. [..More]
China - Steel inventory down to 81 million tonnes
Last Update 31/08/2010 10:51:45
Chinese demand for steel products grew up by 19.6% in July with the stocks level reaching at 81 million tonnes slightly down from the 90 million tonnes at peak period, according to the data from China Federation of logistics & Purchasing. [..More]
Iraq - New one million tpy steel plant to be built
Last Update 31/08/2010 09:53:14
ArabSteel - Mass Global Investment Co., a private company, will build a new steel factory in northern Iraq, according to a statement by Ahmad Ismael Saleh, the firm's chairman said, in an interview with Dow Jones Newswires, saying that: "the facility that will be located between the cities of Kirkuk and Suleimaniya in northern Iraq, is designed to produce one million tons of steel and iron a year, with a budget for the project estimated to be $400 million". [..More]
Saudi Arabia - Saudi Steel Pipe and South Korea's TSM Tech ink deal to set JV
Last Update 30/08/2010 09:41:27
ArabSteel - Welded pipes producer Saudi Steel Pipe Company Al Anabeeb Co., or SSPSSP, Saturday said it has signed a partnership agreement and a memorandum of association with South Korea's TSM Tech Co. to set up a joint venture under the name Titanium and Steel Industries Co. in Dammam city in eastern Saudi Arabia, that's according to information released on the DJ site recently. [..More]
Egypt - Ezzsteel: 2.2Mt of sales volume during H1, 2010 and EGP241 million in net profits
Last Update 29/08/2010 13:44:01
ArabSteel – The net profits of Ezzsteel during H1, 2010 amounted to EGP241 million (US$42.3 million) compared to EGP96 million for the same period of 2009, and that marks a growth rate of 151%. This was announced in the company's report released about the results of H1, 2010 which «ArabSteel» got a copy of. [..More]
Yemen - 16% increase in the output of Yemen Steel during H1, 2010
Last Update 29/08/2010 11:57:55
ArabSteel – The overall output of Yemen Steel Manufacturing CO., LTD during H1, 2010 amounted to a little more than 77,000t compared to around 66,500t during the same period of 2009, i.e. an increase by 16.3% according to information «ArabSteel» got from the company sources. [..More]
Brazil - Iron ore prices may be 8 percent down in 4Q from 3Q
Last Update 26/08/2010 12:14:37
ArabSteel - Iron ore prices for the final quarter of 2010 may be fixed by the end of August at about 8 percent lower than in the third quarter, a Brazilian iron ore miner said Friday. [..More]
World - MEPS forecasts global crude steel production to exceed 1.6 billion tonnes in 2014
Last Update 25/08/2010 11:43:21
ArabSteel – UK-based MEPS (International) LTD, a leading consultancy company operating in the steel sector worldwide, forecasts global output of crude steel to reach 1395 million tonnes in 2010– almost 14 percent up on the year earlier figure and 3.7 percent above the previous peak value in 2007. In 2014, MEPS forecasts global steel output at 1625 million tonnes – 33 percent above the outturn last year. [..More]
UAE - Emirates Steel seals $1.1 bln financing deal
Last Update 25/08/2010 10:52:44
ArabSteel- Emirates Steel Industries (ESI) has signed a $1.1-billion, seven-year project financing deal with nine banks, the company said in a statement on Wednesday which «ArabSteel» got a copy of. [..More]
Tunisia - 25% increase in El Fouladh's billet production within 6 months
Last Update 24/08/2010 13:46:38
ArabSteel – Societe Tnisienne De Siderurgie - El Fouladh registered a 25% increase in billet production during the first half of 2010 as compared to its production for the same period of 2009. [..More]
UAE - New steel plant in Dubai
Last Update 23/08/2010 11:29:01
ArabSteel - BRC Arabia has started Phase I of a 150,000tpy steel rebar and wire plant in Dubai at a cost of US$100 million (AED367 million). [..More]
Oman - Shadeed Steel to launch operations early 2011
Last Update 23/08/2010 10:41:14
ArabSteel- Commercial operation of the 1.5 million tonnes per annum Direct Reduction (DR) plant at the Port of Sohar is expected to commence in January 2011. This venture is owned by Shadeed Iron and Steel which was recently acquired by Indian steel making giant Jindal Steel and Power, according to what the daily Oman Observer reported. [..More]
Libya - 12% increase in LISCO's production during H1 2010
Last Update 22/08/2010 12:04:06
ArabSteel – The production of the Libyan Iron & Steel Co. (LISCO) marked 616,000t of long and flat products during the first half of 2010, up by 12% over the production of the same period of 2009. [..More]
World - July 2010 crude cteel production up by 9.6% over the same period of 2009
Last Update 22/08/2010 11:21:10
ArabSteel - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 115 million metric tons (mmt) in July. This is 9.6% higher than July 2009. [..More]
|
|
