Libya - Libya : Boosting Rebar Production Capacity up to 1.5 million tons/year Last Update 02/08/2008 14:06:04 ArabSteel - The Libyan Iron and Steel Company (LISCO) has recently signed a contract to set up a new bar rolling mill with a production capacity estimated by 800 thousand tons per year and a cost estimated by 260 million US dollars, which will so double the company's production of this product as to reach 1.5 million tons/year compared with actual production which amounted a little bit more than half a million tons in 2007, according to information Arab Steel obtained from an authoritative source in the company. [..More]Egypt - Ezz Steel: Increased Sales to domestic market in first half of 2008 Last Update 24/07/2008 10:04:16 ArabSteel - Production of Ezz Steel, which is the largest steel producer in Egypt, amounted to 1.5 million tons of long products, 858 thousand tons of flat products in the first half of 2008, that is, a total figure of 2.389 million tons. This makes a slight increase over the production level of the first half of 2007 which amounted to 2.375 million tons. [..More]Morocco - Univers Acier New Expansions Last Update 16/07/2008 14:24:43 ArabSteel - Production of "Univers Acier" of reinforcing steel amounted to 120 thousand tons during the first half of 2008 compared to 80 thousand tons in the same period of 2007, up by 33.3%. All this quantity was sold to the domestic Moroccan markets, according to a statement by Mr. Mohammad Azmi, President and General Manager of "Univers Acier" to the Arab Steel magazine. [..More]Saudi Arabia - Joint Project between Saudi Iron and Steel Company and Safco Company to set up a Mill for Steel Flat Products Last Update 16/07/2008 14:22:21 ArabSteel - The Saudi Iron and Steel Company (Hadeed) and Safco, both of which are affiliated to Saudi Basic Industries Company ( SABIC), have signed an agreement to set up a mill in Al-Jubail Industrial city to produce steel flat products. It will be equally owned by them. The annual production capacity will be 1.7 million tons [..More]Libya - Libyan Iron and Steel Company - Signature of 7 contracts to upgrade the company's mills Last Update 25/06/2008 16:08:29 ArabSteel - The volume of contracts concluded by the Libyan Iron and Steel Company amounted to 7contracts to upgrade the company's mill, equivalent to 119 million USD. These contracts have been concluded with several world companies from Italy, China, Turkey and Bosnia. The contracts the company concluded with the Italian companies have taken the biggest share of the value of these contracts. [..More]
Production of Arab companies exceeds 20 million tons Mr. Mohamed Laid Lachgar, AISU’s Secretary General, presented his report to the Board of Directors reviewing the facts of the Arab steel industry during 2006 and some results related to the first quarter of 2007. [..More]The Target is 7.5 million tons of finished products during the next three years Ezz – Dkheila company is targeting to reach with its production capacity as close as 7 – 7.5 million tons of its finished products during the next three years. This has been declared by Eng. Ahmed Ezz, President of the company, in a special statement to the Arab Steel magazine. Eng. Ezz expects that the company’s total production in 2006 will outpace 5.1 million tons of finished products, which constitutes an increase over the production level achieved in 2005 by about 600 thousand tons and more than one million tons over the production level of 2004. [..More]Arab Steel Industry 2004: Year of New Projects and Investments Arab Steel Editor: 2004 was an exceptional year for the Arab steel companies. It was the first time that most of the companies, in particular the integrated companies, had achieved good profits in spite of the high costs of the inputs which affected the levels of profitability compared to losses which had taken place in previous years. It was also the first time for more than two decades at which we find investors and really existing companies making a race with time to enter into implementation of new projects or into expansions of the existing projects. [..More]