Demand is expected to reach one million tons in 2010
Last Update 16/11/2008 13:38:56
ArabSteel - The Tunisian Steel Manufacturing Company (EL-FOULADH) produced 73000 tons of reinforcing steel during the first ten months of this year. During the same period it also imported 231 thousand tons of reinforcing steel to cover the needs of the domestic market which are estimated by 675 thousand [..More]
SNIM completed a new project boosting the production capacity up to 14 million tons
Last Update 08/11/2008 11:57:34
ArabSteel - A project has been completed, which will boost the Mauritanian Societe Nationale Industrielle et Miniere (SNIM) production capacity from 12 million up to 14 million tons. Now preparations are being made to start with another project with an additional capacity of 4 million tons. [..More]
The Libyan Iron and Steel Company: Increased sales in Domestic Market and Decline of Exports
Last Update 01/11/2008 12:23:54
ArabSteel - The production of the Libyan Iron and Steel Company during the first nine months of this year amounted to 439328 tons of long products against to 403647 tons during the same period of 2007, i.e., up by a growth rate of 8.7%. The company's production of reinforcing steel amounting to 324 thousand tons against 315 thousand tons during the same period of 2007 achieved a growth rate of 2.8% [..More]
15.7% growth rate of Hadeed SABIC during first nine months of this year
Last Update 28/10/2008 12:33:44
Arab Steel – The total production of Saudi Iron and Steel Company (Hadeed SABIC) amounted to 3.786 million tons during the first nine months of this year of long and flat products against 3.270 million tons during the same period of 2007, up by a growth rate of 15.7%. This increase in production is caused by coming on stream of a number of the company's expansions. [..More]
4.5 Billion dollars of New Investment for Gulf Industrial Investment Company (GIIC)
Last Update 22/10/2008 14:43:17
 Mr. Khalid Al Qadeeri, GIIC's Vice Chairman and Managing Director, announced in March, 2008 that Gulf Industrial Investment Company "GIIC" contemplates in setting up new large projects with an estimate cost of US$ 4.5 billion for steel integrated projects with including steel production complex in Bahrain. [..More]
Saudi Market Witnesses Price Reduction for third time
Last Update 19/10/2008 12:26:26
ArabSteel - The Saudi iron and steel producing companies have announced a new price reduction on their products by a percentage the average of which exceeds 30% of the prices reached a short time ago. Hadeed (SABIC), Al-Ittifaq and Al-Rajhi steel companies, [..More]
3.5 tons sales of Ezz Steel during the first nine months of this year
Last Update 19/10/2008 11:43:54
ArabSteel - Ezz Steel has achieved a growth in its sales to the domestic market of long products during the first nine months of this yea amounting to 7% compared to the same period of 2007, while the exports volume of the long products declined by about 90%, as it does not exceed 25 thousand tons against 258 thousand tons in the same period of 2007. [..More]
Cancelling export duty on iron and steel products
Last Update 19/10/2008 11:27:12
The Egyptian government has cancelled the export duty imposed on the iron and steel products exports which had been imposed during this year on the rebar exports for an amount of 180 Egyptian Pounds per ton [..More]
SABIC announces preliminary financial results
Last Update 19/10/2008 10:34:43
ameinfo - The Saudi Basic Industries Corporation (SABIC) has reported net preliminary consolidated profits of SR21.71bn for the first nine months of 2008, an increase of 8%, compared to the SR20.16bn net profit in the same period last year. [..More]
3 billion Dirhams are the total sales of Emirates Steel Industries in 9 months and the production capacity reaches 1.8 million tons per year
Last Update 15/10/2008 10:14:29
 WAM – Reuters – Arab Steel – H.E. Jassem Al-Nwaiss, Chairman of the Board of Directors of Emirates Steel Industries has asserted that the total sales of the mills of the company amounted at the end of the third quarter of this year to about 3 billion Dirhams (822 $US) against 1.3 billion Dirhams in the same period of last year with a growth rate of about 135%. [..More]
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