EU - Eurofer welcomes EU action plan, says much still to be done Last Update 16/06/2013 09:17:08 Eurofer welcomed the action plan for a competitive and sustainable steel industry in Europe announced Tuesday by the European Commission. “It is good to see that the Commission considers a strong and competitive steel sector as essential for the union’s industrial and economic base. [..More]UAE - Al-Ghurair (UAE) to install second galvanizing line Last Update 30/05/2013 12:29:40 Al Ghurair Iron & Steel (AGIS, the UAE) plans to start installing continuous galvanizing line No.2 (200,000 t) in summer. It has already signed a contract with CMI-FPE (India) for engineering, supply, erection and commissioning of the equipment. The skin pass mill will also be supplied. [..More]Algeria - ArcelorMittal continues talks to increase Algerian capacity Last Update 02/05/2013 10:31:25 Algerian mill ArcelorMittal Annaba confirmed on Thursday that it is still in talks with the local government to boost capacity at the site, and stressed that a final agreement should be reached in the coming weeks. ArcelorMittal announced the intention to boost capacity back in 2011. [..More]World - World Steel sees iron ore surplus growing up to 2017 Last Update 25/04/2013 09:14:02 The World Steel Association expects the global iron ore market to be roughly in balance between supply and demand this year, but to move progressively into a growing surplus during 2014-2017. [..More]Russia - Russian firm plans to build billet & rebar mill by 2015-16 Last Update 21/04/2013 07:45:50 Donelectrostal plans to invest 2.4 billion roubles ($78 million) to build a new 0.5 million metric tons/year electric arc furnace-based steel plant in south Russia’s Rostov region, an official in the local administration confirmed to Platts on Monday. [..More]
- Our meeting is held today in the kingdom of Bahrain which hosts the works of the board of directors, On this occasion, Arab Iron and Steel Union (AISU) expresses its deepest gratitude and thanks fullness to the government of the kingdom and its generous people and for the this hosting by Gulf Company for Iron and Steel to hold the meetings of the board of directors and for the efforts exerted by the company in the setting and preparation for this meeting, the following lines will provide a quick summary about the steel industry in 2011: - 2011's results showed a good image for most of Arab companies, this image can be described as a fresh start for Arab Steel Industry. - Massive investments and projects executed by Arab countries in Gulf region, especially, infrastructure and huge building projects such as; harbors, airports, and speedways which have had positive influence on Arab steel industry since this very industry has reacted with the same pace with those projects to fulfill their needs of various steel products via creating new projects which are being carried on by steel mills or the expansions accompanying the current projects. - Those expansions carried on by steel mills have been embodied in new production lines aiming to develop the products spectrum fulfilling requirements of these projects whether of rebars , wire rods, sections, or flats of all kinds.
[..More]Emirates Steel Increases Output by 45.4% and Sales Volumes by 30% Emirates Steel, the largest single integrated steel producer in the UAE, registered an increase in finished products output by 45.4 per cent during the first half of 2010, compared to the same period in 2009. Product sales increased by 30 per cent during that same period, according to the press release issued by ESI on 27 July, 2010. [..More]Kuwait-Oman train could run by 2017 An ambitious GCC rail network linking Kuwait with Muscat could be up and running by 2017, the project manager said yesterday. Gulf nations are working to link their various rail projects into one network to service both freight and passengers. [..More]