17.4Mt of imports for Arab countries in 9 months during 2009
Last Update 04/03/2010 12:33:18
ArabSteel - Imports to Arab member countries in AISU during the first 9 months of 2009 amounted to 12.7Mt of long products and 4.7Mt of flat products, as compared to 14.6Mt of longs and 6.8Mt of flats for the same period of 2008. That marked a decline by 13% in longs imports and 30% for flats according to figures «Arab Steel» [..More]
Rebar heads to stabilization in Arab markets, and rising in Saudi market
Last Update 01/03/2010 09:24:06
ArabSteel – Hadeed SABIC announced a raise on its products of rebar by SR 100, while Ezzsteel of Egypt decided to fix its prices for March to equal the quotes announced in February. Meanwhile, Jordanian companies maintained their quotes of last week, and prices in Muscat, Oman, witnessed no change for locally produced rebar, whereas imports went down by around 10 US dollars.
Abdul-Aziz bin Sulaiman, Executive Vice President of SABIC for metals, [..More]
Korean company signs MOU to build a new iron & steel plant in Basra, a cost of 3 billion US dollars
Last Update 01/03/2010 09:22:10
ArabSteel – Iraqi Industry and Minerals Ministry announced the signing of a preliminary Memorandum of Understanding with STX of Korea to build a new iron & steel plant in Basra. [..More]
42% The increase in Arab company's crude steel output for Jan 2010
Last Update 25/02/2010 18:17:52
ArabSteel - Arab steel companies achieved a 42% growth in crude steel output for Jan 2010 compared to the same period of 2009. [..More]
January 2010 Crude Steel Production is 25.5% higher than January 2009
Last Update 22/02/2010 16:40:23
WAS - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 109 million metric tons (mmt) in January. This is 25.5% higher than January 2009. [..More]
Qatar Steel aims to ramp up production by 30% in two years
Last Update 22/02/2010 16:30:38
ArabSteel – Qatar Steel intends to upgrade its melt shop by launching a new project that will increase the capacity of the company in two years time by 30% as compared to the current level of steel production. [..More]
New increase in rebar prices in Jordan
Last Update 22/02/2010 09:21:31
ArabSteel – Rebar quotes moved up in Jordanian markets after they have been stable for a week. According to the index pricelist issued by the Jordanian Chamber of Industry in cooperation with steel mills in Jordan effective for one week as of Monday, which «Arab Steel» got a copy of, applicable rebar ex-works price is now in the range of [..More]
LISCO's First expansion phase will complete by late 2010 and early 2011
Last Update 21/02/2010 13:57:46
ArabSteel - Dr. Mahmud Elftise, Chairman of Libyan Iron & Steel Company (LISCO), who has been recently appointed as the head of the Company, stated in a special interview with «Arab Steel» that LISCO is going to list 10% of the company shares on the Libyan Stock Exchange. This percentage of shares is now exclusively for Libyan partners, and foreign partners are not currently on the company's agenda. [..More]
Hadeed SABIC and Ezz Steel - New Figures of DRI in 2009
Last Update 20/02/2010 12:20:24
ArabSteel - Production of both Hadeed SABIC Saudi Arabia, and EZZ Steel Egypt, achieved new figures in direct reduction iron during 2009 compared to 2008, in spite of the fact that the world direct reduction production during 2009 fell down to 62 million tons, that is, by about 9% compared to production of 68 million tons in 2008. [..More]
Ministry optimistic about iron, steel industry in 2010
Last Update 20/02/2010 10:09:18
Xinhua - A report by the Ministry of Industry and Information Technology said the overall situation of China's iron and steel industry will be better than last year, thanks to the steady momentum of economic recovery. [..More]
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