Saudi Abrasives

Jindal Shadeed Iron & Steel a leading manufacturer of reinforcing steel grades has announced that it has begun upgrading the eight-strand concast continuous caster at its facility in Sohar Port Oman in bid to meet increasing demand from the construction industry. This modernisation strengthens the long-standing relationship between Jindal Shadeed and German group SMS renowned worldwide for its future-oriented technologies and outstanding service for the metals industry. By leveraging SMS expertise Jindal Shadeed will be able to enhance its production capabilities expand its product portfolio and meet the growing demand for SBQ products across the global market. The upgrade focuses on enabling Jindal Shadeed to produce new sections (180 SQ and 200 SQ) that cater to the construction industry said the statement from SMS. ...

Qatar Gas Transport Company (Nakilat) a global leader in LNG shipping and maritime transportation celebrated a significant milestone with the steel cutting ceremony marking the commencement of construction of 17 LNG vessels at Hyundai Heavy Industries (HHI) Shipyard in Ulsan South Korea. The vessels are part of QatarEnergy s historic LNG fleet expansion project which caters for future LNG fleet requirements for its LNG expansion projects as well as the replacement requirements of some of its existing fleet. The ceremony was attended by senior officials from Nakilat Hyundai Heavy Industries along with key stakeholders from the maritime sector who witnessed the official commencement construction of the advanced vessels. Owned by Nakilat and built with a capacity of 174 000 cubic metres the new vessels will be chartered to QatarEnergy affiliates under long-term agreements. /d...

AD Ports Group a leading facilitator of global trade logistics and industry today (April 8) signed a 10-year lease agreement with TW Steel a major provider of prefabricated structures to deliver innovative containerised fabrication solutions container maintenance and repair services at Khalifa Port. These solutions and services will bring flexible and sustainable solutions tailored to the specific needs of shipping lines and container operators at Khalifa Port who will be using TW Steel s advanced modular technology ensuring the creation of quality energy-efficient solutions that minimise environmental impact. TW Steel s solutions and services further widen Khalifa Port s offering and value proposition expanding the port s operational efficiency by minimising container downtime while offering shipping lines logistics companies and other customers a more attractive and competitive o...

Petronas through Malaysia Petroleum Management (MPM) has formalised an agreement with Sabah Energy Corporation (SEC) for the supply of an additional 104 million standard cubic feet per day (MMscfd) of natural gas to support Sabah s industrial and energy needs. With this increase the total supply of natural gas provided to SEC now stands at 370 MMscfd. Of this volume SEC will allocate 150 MMscfd to Esteel Enterprise Sabah supporting its steel production operations and efforts to adopt greener and more sustainable practices. The agreement was formalised today with an exchange of documents witnessed by Chief Minister Seri Noor highlighting Petronas role in supporting Sabah s economic development and providing energy security for key sectors such as power generation and industrial manufacturing. Petronas was represented by Senior General Manager of MPM s ...

The UK Government has announced multibillion-pound plans to boost the UK steel industry and help secure its future reported Wam. A consultation was launched aimed at looking at long-term issues facing the sector such as high electricity costs unfair trading practices and scrap metal recycling. The Government said up to 2.5 billion ( 3.1 billion) will be put towards supporting the UK steel industry. Help will be available through the National Wealth Fund which ministers said could benefit regions including Scunthorpe Rotherham Redcar Yorkshire and Scotland it stated. Funds will be spent on initiatives aimed at giving steel a long future such as electric arc furnaces. The announcement follows the Government s go ahead for expansion at Heathrow Airport which will require 400 000 tonnes...

Saudi Steel Pipe Company has announced that one of its key units has secured a SAR910 million ( 243 million) order from Saudi oil giant Aramco for the supply of Longitudinal Submerged Arc Welding (LSAW) pipes. As part of the contract its consolidated subsidiary Global Pipe Company will supply LSAW pipe for the accelerated carbon capture and storage hub being set up by Aramco in Jubail said Saudi Steel Pipe in its filing to the Saudi bourse. The entire work will be completed within a 15-month period. The financial impact is expected to materialize partly in the second semester of 2025 and partly the first semester of 2026 it added. This comes close on the heels of SSP s SAR138 million contract win last year from Aramco for supply of oil and gas steel pipes for a key project in the kingdom. Saudi Steel Pipe is...

More than 2 billion worth of new industrial projects were announced at the 5th meeting of the Higher Committee of regional Integrated Industrial Partnership for Sustainable Economic Development held in Doha Qatar. Key announcements included a raw material supply agreement between Bahrain Steel and Qatar valued at 1.3 billion. This agreement will facilitate the supply of 5 million metric tons of raw materials over the course of five years. The meeting was attended by industry ministers from seven countries with Qatar and Türkiye joining partnership. They included: Dr Sultan Ahmed Al Jaber Minister of Industry and Advanced Technology in the UAE; Sheikh Faisal bin Thani bin Faisal Al Thani Minister of Commerce and Industry Qatar; Eng Yarub Falah Al Qudah Minister of Industry Trade and Supply Jordan; Lieutenant General Engineer Kamel Al Wazir Deputy Prime Minister for Industrial Development and Minist...

US President Donald Trump has announced plans to introduce new 25% tariffs on all steel and aluminium imports into the country on top of existing metals duties in another major escalation of his trade policy overhaul. Trump speaking to reporters on Air Force One on his way to the NFL Super Bowl in New Orleans said he will announce the new metals tariffs on Monday a Reuters report said. He also said he will announce reciprocal tariffs on Tuesday or Wednesday to take effect almost immediately applying them to all countries and matching the tariff rates levied by each country. And very simply it s if they charge us we charge them Trump said of the reciprocal tariff plan. The largest sources of US ...

SEE Holding the parent company behind The Sustainable City brand has signed an agreement with Arabian Gulf Steel Industries (AGSI) thus marking a significant step towards advancing sustainable construction practices in the region. The partnership will prioritise the integration of low carbon steel in future projects reinforcing SEE Holding s commitment to selecting sustainable materials to achieve its net zero ambitions. Additionally both entities will explore opportunities to promote circular economy practices focusing on recycling and repurposing steel products to minimize waste and environmental impact. The first carbon neutral steel plant and low carbon steel manufacturing facility AGSI is pioneering low carbon products and plays a critical role in decarbonizing not only the steel industry but also the built environment. ...

Modon a master developer known for vibrant and sustainable communities has announced that it has entered into a deal with Emsteel Group the UAE s leading steel and building materials manufacturer to source its pioneering low-carbon steel for a key project of Emirati energy major Masdar in the UAE capital. With this Modon said it has become the first real estate developer to use low-carbon steel in UAE. This collaboration underscores Emsteel and Modon s vital role in driving the construction industry s transition toward sustainability and decarbonization it stated. Aligned with the UAE s Net-Zero 2050 Strategy the partnership aims to facilitate decarbonization across the construction value chain in the UAE and the wider region by introducing green steel produced with certified renewable hydrogen. According t...

More than 1 000 industry professionals from over 50 countries will convene at Fastmarkets Middle East Iron and Steel 2024 conference next week to discuss the evolving role of steel in the region s ongoing transformation. The region s progress in energy transition and economic diversification creates an unprecedented emphasis on developing manufacturing industries particularly steel a sector crucial to fulfilling the Middle East s future aspirations. Against this dynamic backdrop Fastmarkets a leading price-reporting agency (PRA) that is renowned for its cross-commodity market analysis and price data will deliver an expert-led agenda at its Middle East Iron and Steel 2024 conference which kicks off on November 18 at the Madinat Conference Centre in Dubai. It promises an in-depth exploration of market trends legislative developments and technological advancements both region...

SSAB a Nordic and US-based steel company and Parmaco a leading designer and developer of modular buildings have entered into a partnership deal which will see the duo construct the world s first concept building made of fossil-free steel in 2025. In this project Parmaco will be using pilot deliveries of fossil-free steel developed with the Hybrit technology throughout the entire structure. It would mark the first time all steel components in a building is made with SSAB s fossil-free steel. Parmaco has long specialized in creating versatile spaces for schools daycares offices residential complexes and government facilities. Central to the group s success is its unique product Fixcel a cutting-edge steel cell that forms the frame of the buildings and has advantageous properties that support indoor air quality and low energy consumption. /div...

SSAB and Alstom have entered a partnership for the supply of steel made with close to zero fossil carbon emissions. The first delivery of SSAB Zero will take place already this year and be used in Alstom s first Traxx Shunter locomotives a new platform designed for shunting and trackwork operations. We are very glad to sign this partnership agreement with SSAB says Christophe Gourlay Alstom Chief Procurement Officer. By supplying steel with low carbon emission footprint for our Traxx Shunter locomotive SSAB will contribute in the delivery of Alstom s sustainable procurement strategy which includes the reduction of the carbon emissions of Purchased Goods & Services by 30% by 2030. SSAB Zero is the world s first commercial steel made of recycled steel and produced with fossil-free electricity and biogas. By using SSAB Zero instead of traditional steel Alstom wi...

SSAB and Framery have announced a collaboration to integrate fossil-free steel into the production of office pods marking a significant milestone in sustainability within the workspace sector. Framery s commitment to sustainability continued this year by switching from plywood to steel which helped them to achieve a 23% material reduction in their new smart pods range and on average a 16% decrease in the related carbon footprint from manufacturing. Framery s ambitious sustainability goals take their next giant leap with SSAB s fossil-free steel offering from 2026 onward. Framery s goal is to reduce CO2 emissions by 50% per pod by 2028 compared to the 2023 level while increasing the number of deliveries. A necessity We see this collaboration not as a choice but a necessity. From 2026 ...

SSAB has signed an agreement with Meka Pro Oy to supply Meka from 2026 small batches of steel produced virtually without carbon dioxide emissions. The volumes will increase annually as SSAB s fossil-free production capacity grows. By using fossil-free steel Meka Pro Oy will be able to reduce carbon dioxide emissions in these products by up to 95%. Fossil-free steel supports Meka s significant investment in the Solar product family which includes onshore installation systems for solar power plants. Meka products are carefully designed and manufactured with high quality and have a long service life. The products are designed to be modular which facilitates the construction of versatile cable management systems. Fossil-free raw materials The carbon footprint of all Meka s products has b...

Emirates Steel Arkan the UAE s largest publicly listed steel and building materials company has rebranded as Emsteel as part of a broader strategy to accelerate its operational transformation and extend its global presence. The new brand identity and operating model were officially launched at an event in Abu Dhabi attended by high-ranking dignitaries and over 400 customers partners and employees. The new brand identity embodies the successful merger of Emirates Steel and Arkan Building Materials completed in the fourth quarter of 2021. This merger has established the UAE s largest steel and building materials company valued at AED13 billion ( 3.54 billion) with a strong strategic foundation and significant growth potential in both the UAE and international markets. Under the Emsteel brand the company will initially operate through two distinct divisi...

Saudi Steel Pipe Company (SSP) has announced that it has secured a SAR138 million ( 37 million) contract from Saudi oil giant Aramco for supply of oil and gas steel pipes for one of its key projects. The entire supply work will be completed within a 12-month period said the company in its filing to Saudi bourse Tadawul. The financial impact of this order is expected to materialize in the second and third quarter of fiscal year 2025 it added. This is SSP s third order from Aramco this year and comes close on the heels of its SAR138.6 million win in May. The company had snapped up a similar order early this year in February from the Saudi oil giant.- TradeArabia News Service ...

Emirates Steel Arkan a leading building materials group in UAE has delivered stable performance throughout the first half of the year with revenues of AED3.96 billion ( 1.07 billion) down 10% over last year s figure of AED4.43 billion ( 1.2 billion) despite challenging conditions impacting both export and domestic markets. Announcing its financial results for the six-month period ended June 30 2024 the Emirati group its ebitda for the period was AED503 million while the group s net profit before tax stood at AED191 million. Revenue from the steel division totalled AED3.6 billion during H1 generating a profit before tax of AED140 million while that from the building materials division was AED353 million with profit before tax of AED 51 million. For the six-month period Emirates Steel Arkan maintained overall production volumes in line with H1 2023. This was achie...

Emirates Steel part of Emirates Steel Arkan Group is partnering with Eversendai a global powerhouse in steel construction solidifying their collaboration for the prestigious NEOM Trojena Ski Village project. The strategic partnership marks a significant milestone in the steel industry highlighting their joint commitment to delivering excellence in sustainable innovation across the wider GCC region. Emirates Steel will supply premium steel beams renowned for their sustainability regionally record-setting low carbon emissions and exceptional durability for the construction of the NEOM Trojena Ski Village. Robust alliance The partnership agreement was formalised during an official ceremony signifying the commencement of a robust alliance aimed at setting new benchmarks in construction excellence. The coll...

Cobra IS a VINCI subsidiary has been selected by SMS Group to carry out the piping and mechanical works worth 74 million ( 81 million) on part of the steel production plant of Thyssenkrupp Steel Europe in Duisburg Germany. With an annual production capacity of 2.5 million tonnes of DRI (Direct Reduced Iron) it is the first site in Germany designed to run exclusively with green hydrogen. This project is a decisive step in the transition from an industry with a very high carbon footprint to environment-friendly technologies. It will save up to 3.5 million tonnes of CO2 per year.-- TradeArabia News Service ...

Saudi steel giant Al Nafie Metal Industries (NMI) is aiming for the top spot in the Middle East s steel fabrication sector according to its General Manager Majed Suleiman Al Nafie. Our vision is to become the leader of the steel fabrication and erection industry in the Middle East and we want to participate actively in realising Saudi Arabia s Vision 2030 Al Nafie declares in an exclusive interview with Gulf Construction s Bina Goveas. Our aim is to serve the requirements of the numerous planned and ongoing construction projects in the Kingdom of Saudi Arabia and the regional and international markets. The steel fabrication industry in the Gulf needs a continuous supply of products with the highest quality and environmental compliance. Al Nafie Metal Industries is ahead of its competitors in adopting industrial practices and serving customers with the highest quality cos...

The 26th Fastmarkets Middle East Iron & Steel Conference 2024 is set to take place at the Madinat Jumeirah Dubai from November 18 to 20. This conference is the region s largest and most prestigious iron and steel event. The conference will bring together key leaders CEOs and stakeholders from across the entire ecosystem to meet connect and gather the latest market insights. Over 1 000 international delegates are expected to come together to meet and discuss the latest trends in the market. In 2023 nearly 1 000 delegates representing 450 companies from 50 countries came together for more than 18 hours of networking workshops and presentations from the industry s most accomplished experts. This year the event s expanded agenda will dive into decarbonisation ensuring steelmaking is a key part of the conversation. The conference will also provide a platform for industry stakeholders to discuss and explore the...

SSAB and Firth Steels have entered a long-term partnership for the supply of steel made with virtually zero fossil carbon emissions. The partnership will help Firth Steels reach its goal to further improve sustainability and reduce the CO2 footprint of their products. Firth Steels is one of the UK s leading manufacturers of steel profile products for wall and roof systems. The companies have a long-running collaboration and are now expanding their partnership to include SSAB s fossil-free products. The deal includes immediate deliveries of SSAB Zero the world s first commercial steel made with virtually zero fossil carbon emissions. SSAB Zero is made of recycled steel and produced with fossil-free electricity and biogas. The steel will be used as a key component of Firth Steels brand-new product series Protex Voyage a low embodied carbon building envelope solution. div...

Bahrain Steel a leading producer and global supplier of high-grade iron ore pellets announced the arrival of the vessel MV Ubuntu Unity owned by Anglo American. This marks a milestone for Bahrain Steel as it is the largest vessel to call on the company since its inception in 1984. The Ubuntu Unity is a state-of-the-art Capesize Liquified Natural Gas (LNG) vessel which stands out for its exceptional fuel efficiency resulting in a remarkable 35% reduction in CO2 emissions compared to vessels using standard maritime fuel. The name of the fleet was taken from the Zulu word Ubuntu which means I am because you are signifying the sense of community that Anglo American seeks to build with those who work with them and wherever they operate. Commitment to decarbonisation div...

Emirates Steel Arkan has registered a marginal 8% year-on-year decrease in first-quarter net profit before tax at AED140 million compared to AED152 million reported in Q1 2023. The group posted revenues of AED2.14 billion ( 580 million) and EBITDA of AED294 million. The group s positive performance in the first three months of the year demonstrates its resilience and efficiency amidst challenging market conditions. During the quarter the group s performance was supported by a strong UAE domestic market. However our export business faced challenges due to tough market conditions. In Q1 2024 global commodity steel prices were negatively affected by a slowdown in the Chinese economy and a lack of investor confidence in Europe. Additionally regional geopolitical challenges led to elevated freight costs. Financial highlights Q...

Linde a leading global industrial gases and engineering company has announced that it has signed a long-term agreement with H2 Green Steel for the supply of industrial gases to the world s first large-scale green steel production plant. Linde will invest approximately 150 million to build own and operate an on-site air separation unit (ASU) in Boden northern Sweden. As per the deal Linde will supply oxygen nitrogen and argon to H2 Green Steel s integrated plant which will use the latest technology to reduce carbon emissions by up to 95% compared to traditional steelmaking. Linde s new ASU is expected to start up by 2026 and will also supply atmospheric gases to Linde s existing and new customers in the local merchant market. We are moving at full speed on the journey to accele...

SSAB and Nordec have agreed on deliveries of fossil-free steel which Nordec will use for frame structures for buildings façades and bridges. The agreement between SSAB and Nordec is an important step towards an efficient supply chain for fossil-free steel. SSAB aims to deliver fossil-free steel to the market in 2026 and this agreement will ensure Nordec gets the quantities of steel it needs from SSAB s production capacity. Under the collaboration SSAB will initially supply small quantities of fossil-free steel for the first pilot project and in the future quantities of fossil-free steel will increase as production ramps up. Emission reduction targets Fossil-free steel applications are the frame structures for buildings façades and steel bridges. The collaboration supports Nordec s carbon dioxide emission reduction targ...

Emirates Steel Arkan (ESA) one of the largest publicly traded steel and building materials manufacturers in the region has been recognised as a 2024 Steel Sustainability Champion by the World Steel Association (worldsteel). This prestigious accolade now in its seventh year celebrates companies showcasing exemplary commitment to sustainable development within the global steel industry. ESA stands as the only company in the Middle East and North Africa region and among 12 companies worldwide to receive this honour a result of its efforts to enhance sustainability in its operational practices throughout the year 2023. Pursuit of sustainability Saeed Alghafri CEO of Emirates Steel an Emirates Steel Arkan company said: Being named a 2024 Steel Sustainability Champion is a testament to our relentless ...

Global steel demand is projected to rise by 1.7% in 2024 and 1.2% in 2025 according to the London-based World Steel Association (worldsteel). The worldsteel is one of the largest and most dynamic industry associations in the world with members in every major steel-producing country. This year the demand will see a 1.7% rebound to reach 1 793 metric tonne stated worldsteel in its Short Range Outlook (SRO) steel demand forecast for 2024 and 2025. Steel demand is forecast to grow by 1.2% in 2025 to reach 1 815 Mt with Asian giant India emerging as the strongest driver of steel demand growth since 2021. As per the worldsteel s projections Indian steel demand will continue to charge ahead with a 8% increase over 2024 and 2025 mainly driven by continued growth in all steel using sectors and especially by continued strong growth in inf...

Leading UK group British Steel has secured an multi-million-pound contract to supply rail for a landmark new route in North Africa. In total 9 500 tonnes of track produced at its plant in Scunthorpe UK will be delivered for Egypt s Green Line railway the country s first fully electrified mainline and freight network which stretches from the Red Sea to the Mediterranean said the company in a statement. The network is 660km long and will carry trains for both passengers and goods up to a maximum speed of 250km per hour with British Steel among a number of key suppliers providing rail to the project. Rail supplied is 60E1 in grade R260 each at 18m in length. British Steel Commercial Manager Export Rail Jérôme Bonef said: We are delighted that British Steel has been awarded this contract and to be involved in such a...

Increased recycling of stainless steel can make a noticeable contribution to mitigate climate change in Thailand and globally. This is the result of a recent joint study by a number of prestigious Thai and German scientists on behalf of Oryx Stainless (Thailand) Co Ltd which looked at the social welfare benefits of recycling stainless steel in Thailand. The Fraunhofer Centre for International Management and Knowledge Economy IMW from Leipzig Germany planned and coordinated the study with the support of the German Embassy. Recycled stainless steel For every tonne of stainless steel scrap used to produce new stainless steel 6.71 tonnes of CO2 are saved compared to the use of primary raw materials. This was the result of the scientific analysis conducted by Fraunhofer UMSICHT using the example o...

UAE-based Green Metal Industries will set up a AED367 million ( 100 million) special steel recycling and production facility in Kezad Abu Dhabi. Towards this Khalifa Economic Zones Abu Dhabi Kezad Group the largest operator of integrated and purpose-built economic zones and Green Metal Industries have signed an agreement. The plant the construction of which has already started is expected to start commercial production in Q1 2025 and is expected to generate employment opportunities stimulate economic growth and foster innovation in the region. Spanning over 116 000 sq m in Kezad Industrial Area (Kezad al Ma mourah) the facility will primarily source raw materials locally and process them in Abu Dhabi. Hence it will also serve as a catalyst for sustainable development and innovation in the construction industry across the GCC and the wider region. ...

SSAB has been selected for awards negotiations for up to 500 million in funding from the US Department of Energy for a potential construction of a HYBRIT manufacturing facility capable of producing fossil free iron. The facility will use green hydrogen instead of fossil fuels. The project will also explore the possibility to expand capacity and capability at SSAB s steel manufacturing operations in Montpelier Iowa including increased use of renewable energy. We are pleased to have our project selected by the DOE for negotiations to accelerate decarbonisation of the iron and steel sector. We see a great interest in sustainable products from the market and this project offers a critical opportunity to solidify a first-mover advantage for the US industry says Chuck Schmitt President of SSAB Americas. Sustainable dom...

SSAB has launched the world s first emission-free steel powder for commercial deliveries made of recycled SSAB Zero steel. The product will create opportunities for customers to 3D-print their unique designs in steel produced without fossil carbon dioxide emissions. The powder combines the properties of SSAB s high-strength steel with the light structural possibilities of 3D-printing. This is a game-changer in the world of 3D-printed steel. SSAB has already proven it s possible to produce steel without carbon dioxide emissions. Now we re merging emission-free steel with powder technology to enable sustainable 3D-printed design with unlimited imagination says Johnny Sjöström EVP and Head of SSAB Special Steels. Reducing carbon emissions The production of ...

Zamil Steel Pre-Engineered Buildings Company a subsidiary of Saudi-based conglomerate Zamil Industrial has clinched a significant contract from Bahri Logistics Company for the construction of the Bahri Bonded Zone complex at Jeddah Islamic Port. A leading initiative Bahri Bonded Zone is aimed at establishing a world-class logistics hub within the Kingdom of Saudi Arabia. It comprises an associated office building a mezzanine floor a warehouse a mechanical roof and other utility annexes. This marks a major milestone for the company further solidifying its position as a trusted partner for large-scale and complex logistics infrastructure projects in the Kingdom of Saudi Arabia said Nawaf Mohammed Al Zamil the President of Zamil Steel Company after signing the contract with Mohammed Mikwar the Contract Logistics Senior Manager at Bahri Logistics Company. d...

Emirates Steel Arkan (ESA) one of the largest publicly traded steel and building materials manufacturers in the region has announced its strategic collaboration with Magsort a Finnish decarbonization company to drive an innovative initiative across its Al Ain Cement Factory. The partnership which comes following COP28 commitment and contribution to the UAE First Long-Term Strategy (LTS) demonstrating commitment to Net Zero by 2050 was announced during the Cemtech Middle East & Africa Conference 2024 in Dubai. The strategic deal positions ESA s cement operations at the forefront of sustainability aligning seamlessly with the Group s decarbonisation targets and setting the stage for a transformative approach to green cement production. The collaboration between ESA and Magsort will initiate in Al Ain Cement plant the first large scale industrial pilot pro...

Emirates Steel Arkan (ESA) one of the largest publicly traded steel and building materials manufacturers in the region has signed a five-year iron ore pellets supply contract with global leader in high-grade iron-ore pellets (IOP) Bahrain Steel Company. The contract valued for approximately 2 billion was formalized at the Industrial Partnership for Sustainable Economic Growth initiative held recently in Bahrain. The signing ceremony which is part of the collaborative initiative comprising the UAE Egypt Jordan and Bahrain marked a key milestone in fostering economic ties within the region. It also solidifies a strategic alliance between Emirates Steel Arkan and Bahrain Steel further enhancing both companies growth prospects over the next five years. Rooted in a 16x growth since 2009 ESA partnership...

Foulath Holding is committed to driving sustainable growth in the steel industry across the Mena region by making prudent investments in the steel value chain and forging strategic business ties on a regional and global scale. This was stated by Dilip George Group CEO of Foulath Holding an industrial holding company with major steel investments participating in the third edition of the Future Minerals Forum in Saudi Arabia as Strategic Partner. In a panel discussion entitled Growing mineral investment in new jurisdictions Foulath Holding Chairman Meshary Al-Judaimi highlighted the company s future investment plans. The Chairman was joined by Bandar Al-Khorayef Minister of Industry and Mineral Resources Saudi Arabia as well as Mark Cutifani Chairman of Vale Base Metals Mark Bristow Chief Executive Officer of Barrick Group Benedikt Sobotka Chief Executive Officer of...

Conares the UAE s second-largest steel manufacturer has announced its commitment to achieving net zero carbon emissions by 2050. This pledge aligns with the UAE s ambitious 2050 environmental goals and reinforces the company s role as a trailblazer in sustainable manufacturing. Supported by a strategic roadmap Conares is set to achieve 50% of its net zero goals by 2040 and net zero by 2050. The manufacturer s commitment to contribute significantly to the UAE s ambitious target of a 93% reduction in carbon emissions by 2050 underscores its role as a pioneer in the steel industry. Conares has emerged as a leading green steel manufacturer in Dubai with cutting-edge steel plants in the industrial sector of Jafza. Conares and DP World Central to this sustainability endeavour is a colla...

Ikigai Steel has announced plans to establish a new factory over a 548 000 sq ft area within the Hamriyah Free Zone in Sharjah. On completion the state-of-the-art plant will boasts an annual production capacity of 30 000 tonnes. Backed by an estimated initial investment of AED30 million ( 8.2 million) the factory will provide cutting edge technologies and high-end solutions for the iron and steel industry Ikigai Steel s expansion plans are aimed at meeting its long term vision of serving customers and suppliers in the local regional and global markets said its Chairman Rajendran after signing the deal with Hamriyah Free Zone Authority (HFZA) Director Saud Salim Al Mazrouei in the presence of senior officials. The competitive advantages robust infrastructure advanced legislation and conducive environment for investment were all behind our decision to expand i...

Bahrain Steel a leading producer and global supplier of high grade iron ore pellets announced on Monday (January 8) the successful syndication of a 450 million sustainability-linked loan (SLL). This milestone transaction spanning seven years underscores the company s dedication to environmental social and governance (ESG) principles. It also highlights the collective commitment of the lending consortium toward fostering tangible environmental impacts in tandem with their clients the company said. The proceeds from this loan will be directed towards Capex for constructing the world s largest stockyard shed with rooftop solar panels in addition to fulfilling working capital requirements. This strategic financing initiative illustrates Bahrain Steel s drive to incorporate sustainability within its operations. The SLL s framework incentivise...

Emirates Steel Arkan and IBM announced on the sidelines of COP28 that the Group will be leveraging the advanced capabilities of IBM Envizi ESG Suite software to streamline the sustainability reporting process. This will be done through revolutionised data utilisation and insights as part of its digitisation strategy to capture value and increase productivity and efficiencies. Collaborating seamlessly with IBM s business partner Gulf Business Machines (GBM) this strategic implementation of Envizi marks a pivotal moment for Emirates Steel Arkan do drive its digital infrastructure modernisation efforts forward using the power of digital capabilities to make data-driven decisions and reporting. Operationalising sustainability Aligned with the UN Climate Change Conference (COP28) and the UAE s &quot...

Vulcan Green Steel a subsidiary of Jindal Shadid Steel Group has broken ground on its integrated green hydrogen steel factory at the Special Economic Zone at Duqm (Sezad) in Oman. The project is set for completion by 2026. With an investment of up to 3 billion the project is a significant one for both the Jindal Shadid Steel Group and the sultanate. It is in line with Oman s vision for Net Zero by 2050 thus positioning the nation as a trailblazer in sustainable steel production. The company plans to have two production lines of 2.5 million metric tonne per year each comprising direct reduction iron (DRI) an electric arc furnace (EAF) and a hot strip mill. The project will initially be based on natural gas for energy and will later shift to green hydrogen and produce high value-added steel catering to automobile wind turbine and domestic consu...

Abu Dhabi Future Energy Company (Masdar) one of the world s leading renewable energy companies has partnered with Emirates Steel Arkan one of the largest publicly traded steel and building materials manufacturers in the region to develop an innovative green hydrogen project to decarbonise the hard-to-abate steel sector in the UAE. The pilot project is the first-of-its-kind in the Middle East and North African region. Located in the Emirates Steel Arkan production facilities at the Industrial City of Abu Dhabi the project is currently in the installation phase. Electrolyzers have already been delivered to the site to help produce green steel a premium product sought after by global manufacturers eager to meet their net-zero goals. Expected to be commissioned in early 2024 the project will demonstrate the use of green hydrogen - instead of natural gas - to extract iron from iron ore ...

Nordic community builder Peab has joined forces with top US steel company SSAB to launch the world s first building with fossil-free steel at Lund Sweden in collaboration with Finland-based Ruukki Construction and Swedish property company Wihlborgs. The building s wall and roof structures have been designed and produced by Ruukki Construction while parts of the building were manufactured using fossil-free steel from SSAB. With this Peab has now become the very first construction company to use fossil-free steel in a construction project. The building (Tomaten 1) in Hasslanda in Lund is an industrial facility covering 6 000 sq m. The fossil-free SSAB steel has been used in the production of sandwich panels made by Ruukki Construction in Finland for parts of the building walls. Wihlborgs is the customer and developer and the tenant will be contract manufa...

A AED40 million ( 11 million) state-of-the-art stainless steel and non-ferrous scrap recycling facility Ni Met Recycling has been inaugurated in Ras Al Khaimah. Spanning an area of 29 900 sq m the facility is within Rakez s Al Ghail Industrial Zone and was opened by Sheikh Ahmed bin Saud Al Qasimi Chairman of Ras Al Khaimah s Public Services Department. With a vision to bolster the UAE s green recovery Ni Met Recycling is planning to expand its recycling capacity and explore the possibility of setting up a melt shop which would lead to the production of stainless steel in Ras Al Khaimah an opportunity that has the potential to revolutionise the region s industrial landscape and contribute to enhancing its sustainability. Comprehensive approach Ni Met Recycling adopts a comprehensive ap...

Malaysian engineering group Eversendai has joined hands with Saudi group Algihaz Holding Construction to set up a new venture Eversendai Algihaz Structures that will aim to secure and execute mega structural steel projects in the kingdom reported The Star. Eversendai Corp has submitted tenders worth over RM15 billion ( 3.1 billion) for structural steel projects which are highly complex in Saudi Arabia. In a filing to Bursa Malaysia its executive chairman and group managing director AK Nathan said Eversendai has tied up with Algihaz Holding Construction to secure and execute these mega projects. The integrated structural steel design engineering procurement fabrication and erection contractor said it has an annual structural steel fabrication capacity of about 200 000 tonnes in Malaysia Singapore India UAE and Qatar said The Star report. d...

Emirates Steel Arkan (ESA) a leading steel and building materials manufacturer is showcasing its pioneering strides in decarbonisation and the integration of cutting-edge technologies at Adipec 2023. The group is also the official sponsor of the Adipec Decarbonisation Zone a forum for leaders in the energy ecosystem to discuss low-carbon technologies and the essential role the oil and gas sector plays in accelerating the transition from fossil fuels to cleaner forms of energy a WAM report said. Eng Saeed Ghumran Al Remeithi ESA Group CEO said: Adipec serves as an ideal platform to showcase how Emirates Steel Arkan is leading the industry s transition to a more sustainable future through embracing innovative technologies and fostering collaboration with its partners to achieve its ambitious decarbonisation roadmap. This year we are focusing on strengthening our contribution to decarbonising ...

Target a leading engineering procurement and construction (EPC) company based in Abu Dhabi is one of 25 local manufacturers that have signed a strategic collaboration agreement (SCA) with Abu Dhabi National Oil Company (Adnoc) to support the energy group in its vision to procure AED70 billion ( 19 billion) worth of industrial products from UAE-based manufacturers by 2027. Under the Agreement Target will serve as a steel fabricator of a range of steel structural products for Adnoc. These products are essential to a wide range of Adnoc s EPC projects and the energy provider has committed to making local manufacturers the exclusive suppliers of all its steel fabrication needs. Adnoc has dedicated AED20 billion ( 5.45 billion) to local fabrication yards from 2023 to 2028 which is set to deliver an annual GDP contribution of AED5 billion to the UAE and up to 10 000 new jo...

Foulath subsidiary Bahrain Steel a leading producer and global supplier of high-grade iron-ore pellets has obtained the ISO 50001:2018 certification for its energy management system. The certification was awarded by DNV an international accredited registrar and classification society. Bahrain Steel has implemented the standards required to become more energy efficient cost effective and to help conserve energy resources. Energy management systems ensure that all aspects of energy are monitored and targets are aligned with the sustainability strategy of the organisation. The energy management system will integrate into the organisation s existing integrated management system whose components include quality environment occupational health and safety. Sustainable business practices Dilip George G...

Vale a global mining company and a leading producer of Brazilian iron ore and iron ore agglomerates said one of its key subsidiaries Vale International has signed a Letter of Intent (LoI) with the multinational conglomerate Essar Group to supply iron ore agglomerates for its Green Steel Arabia (GSA) project. To be set up at an investment of 4.5 billion by the Essar Group in Ras Al Khair region of Saudi Arabia the GSA aims to be the first green steel initiative in the region aspiring to set a global benchmark for reducing CO2 emissions. Under this deal Vale International will be supplying 4 million tonnes per annum (mtpa) of iron ore agglomerates (DR grade pellets and briquettes) to Essar for the GSA project. On the contract win Vale s Regional Director Andre Figueiredo said this signifies the group s long-term commitment to meet the growing demand for raw m...

Saudi Arabia s Public Investment Fund (PIF) has announced the signing of a share purchase agreement to acquire a 100% shareholding in the Saudi Iron & Steel Company (Hadeed) from the Saudi Basic Industries Corporation (SABIC). Based on a cross-conditional share exchange agreement Hadeed will also acquire a 100% shareholding in AlRajhi Steel Industries Company (Rajhi Steel) from Mohammed Abdulaziz AlRajhi & Sons Investment Company (Rajhi Invest) in exchange for newly issued shares in Hadeed said a statement said. The completion of the aforementioned agreements is subject to certain customary approvals from the relevant authorities and satisfaction of certain conditions in the transaction agreements. PIF and Rajhi Invest s final shareholding in Hadeed will be finalised subject to the closing mechanics set in the agreements it said. The transactions are in ...

Foulath subsidiary Bahrain Steel a leading producer and global supplier of high-grade iron-ore pellets has partnered with multinational conglomerate Essar Group to supply iron ore pellets to the Green Steel Arabia (GSA) project. The Letter of Intent (LoI) signing ceremony was held in Jubail KSA. As per the LoI Bahrain Steel will deliver 4 million tonnes of DR-grade pellets per annum to Essar Group. Essar is looking at investing about 4.5 billion to set up an integrated steel plant in Ras Al Khair Saudi Arabia. This LoI post final contracts being agreed and signed will secure 50% raw material supply of iron ore pellets for the Saudi Steel Plant. If all goes as planned we expect commercial production to begin from the year 2027 said Naushad Ansari Country Head for Essar Group in KSA. First Green Steel project /stro...

Saudi oil giant Aramco has awarded contracts worth SR604 million ( 161 million) to two major local firms - Saudi Steel Pipe Company (SSP) and Arabian Pipes Company - for supply of steel pipes for its projects in the kingdom. SSP is one of the leading steel pipe manufacturers in the region (galvanised and non-galvanised steel pipes and square and rectangular pipes). It has a leading market share in Saudi Arabia and has over 28 years of operating experience in the steel pipe industry. As per the contract worth SR301.9 million ( 80.4 million) awarded to SSP it will supply oil and gas tubing to Aramco within a period of 12 months. The financial impact of this order is expected to materialise in the first and second quarter results of 2024 said the key pipe manufacturer in its filing to Saudi bourse Tadawul. ...

The International Renewable Energy Agency (Irena) has stressed the need to transition to a circular steel sector which is responsible for about 7% of global energy-related carbon emissions. In partnership with the Indian G20 Presidency Irena launched a comprehensive report titled Towards a Circular Steel Sector . The report provides an overview of the key factors driving the environmental impact of steel products and related pillars for increased circularity in the sector a WAM report said. Irena underscored the fact that the transformation of the steel sector not only requires fundamental action at the national level but also international dialogue and cooperation in the G20 which is key to advancing progress aligned with all pillars of circularity. Meanwhile in its recent outcome document the G20 at its Ministerial Environment and Climate ...

Khalifa Economic Zones Abu Dhabi (Kezad Group) the integrated trade logistics and industrial hub of Abu Dhabi and Al Jazeera Steel Products Company jointly broke ground on the region s first rolling mill with rail production capability in the UAE capital. Speaking at the ceremony Kezad officials said the groundbreaking of the AED250 million ( 68 million) rolling mill marks the beginning of a new era of industrial development in the region. The state-of-the-art innovative and cutting-edge 450 000 tons per annum medium section mill from POMINI LRM (main technology supplier) will answer the growing customer demand for its products. As the region embarks on plans to build a GCC rail network to connect UAE Oman Saudi Arabia Kuwait Bahrain and Qatar there will be an increasing need for railway steel parts which the mill will cater to it stated. ...

Conares the second-largest private steel manufacturer in the UAE has officially announced a partnership with C&D to distribute high-quality steel from China in the GCC region and strengthen trade ties between them. C&D is a Fortune Global 500 company focused on supply chain operation services and real estate development based in the city of Xiamen China. The official signing of the partnership took place at Conares state-of-the-art steel plant in the Jebel Ali Free Zone (JAFZA) in Dubai. Zheng Yongda General Manager of Xiamen C&D Corporation Limited & Deputy Party Secretary and Bharat Bhatia Chairman and CEO of Conares was also present accompanied by other distinguished guests and senior executives from Conares. Leveraging strengths Bhatia said: This collaboration represents...

Emirates Steel Arkan has signed an agreement with Oman s leading steel products manufacturer Al Jazeera Steel Product Company (AJSP) to establish a strategic framework for collaboration further benefitting from joint product expertise and seizing new opportunities in the steel business ecosystem. This MoU comes at a time when AJSP is establishing a medium-section rolling mill in Khalifa Economic Zones Abu Dhabi (Kezad) along with plans to introduce a tube mill and heat-treated alloy round bars. As part of the MoU Emirates Steel Arkan said it has the opportunity to supply semis including billets blooms and beam blanks to AJSP s upcoming factory in Abu Dhabi or existing factory in Sohar Oman. The two parties will also research options for collaboration in-promotion and marketing of finished products involving light and medium sections from AJSP and heavy sectio...

Emirates Steel Arkan the largest publicly traded steel and building materials company in the UAE has announced rolling out a new operating model to leverage the combined strengths of the steel and building materials businesses as part of its efforts to realize its vision and strategic ambitions. The new operating model creates two separate business units Emirates Steel and Building Materials. Emirates Steel and Building Materials will each have their dedicated leadership to focus on driving growth within their respective units who will be reporting directly to Emirates Steel Arkan Group CEO Engineer Saeed Ghumran Al Remeithi. Saeed Al Ghafri will lead the Emirates Steel business as CEO while Saeed Al Dhaheri will lead the Building Materials business as Acting CEO and Vice President Commercial. Al Remeithi said: We carefully consid...

Brazilian mining group Vale has signed a land reservation agreement with Port of Duqm Company as well as a memorandum of understanding (MoU) with Marafiq to establish an integrated industrial complex in the Special Economic Zone at Duqm (Sezad). The upcoming facility will be producing low-carbon products for the steelmaking industry it stated. The land reservation agreement commissions joint studies to build a Mega Hub in Oman while the MoU is aimed at providing the project with access to all the utilities and services required for its operations while promoting the use of clean energy and green hydrogen at the port of Duqm. Vale CEO Eduardo Bartolomeo signed the agreement with Port of Duqm s CEO Reggy Vermeulen and the MoU with Marafiq Managing Director Engineer Abdullah Mohammed Al Hashmi. The signing of these agreements marks a sig...

Emirates Steel Arkan the largest publicly traded steel and building materials company in the UAE has seen its first-quarter (Q1) net profit shoot up 110% to AED152.2 million ( 41.45 million). This is compared to a net profit of AED72.6 million in the first three months of 2022. The strong performance in Q1 2023 was driven by several factors including increased volumes from the Steel division the penetration of new export markets and increased sales of value-added products with enhanced margins. Revenue from the Steel division totalled AED2.14 billion for Q1 2023 from AED1.81 billion in the corresponding period in 2022. Profit from the Steel division for the first three months of 2023 was AED137.5 million as compared to a net profit of AED61.1 million for the same period in 2022 an increase of 125%. Cement and Block...

Saudi oil giant Aramco and sovereign wealth fund PIF (Public Investment Fund) have joined forces with Baosteel the world s leading steel conglomerate to establish an integrated steel plate manufacturing complex within the kingdom with a production capacity of up to 1.5 million tonnes per year. Subject to customary regulatory approvals and closing conditions the joint venture complex will comd up in Ras Al-Khair Industrial City one of the four new special economic zones recently announced by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud Crown Prince Prime Minister and Chairman of the Council of Economic and Development Affairs. The complex would bring together Aramco s unrivaled energy and industrial services ecosystem Baosteel s advanced steel plate industry capability and PIF s strong financial capabilities and investment expertise. &nb...

Tata Steel has announced the appointment of Shuja Haque as Regional General Manager for the Middle East region. A 23-year steel industry veteran he has helped achieve multi-million tons of business volume since he joined Asia s first integrated private steel company 18 years ago as a sales executive. He was quickly promoted to sales manager and was an integral part of the team on the ground when Corus and Tata Steel merged in 2007 In 2017 he became Head of Sales followed by another promotion to Head of Business Development in 2021 before being asked to take the reins as Regional GM. During his tenure he has contributed tangibly to the detailed mapping of several countries including Saudi Arabia resulting in the current order book being highly skewed to the Kingdom with some key wins including the Makkah Haram expansion and some of the largest malls hotels airports and parks in KSA. He also played a crucial role in executing ...

Oman s Public Authority for Special Economic Zones and Free Zones (Opaz) has signed an agreement with Kobe Steel a leading Japanese steel manufacturer and Mitsui & Company a global trading investment company for setting up a low CO2 iron metallics project in the special economic zone at Duqm. As per the deal the duo will commercialise the manufacture and sale of direct reduced iron (DRI) produced through Kobe Steel s Midrex Process in co-ordination with Opaz. Under this Midrex Process the iron oxide gets converted into DRI inside the shaft furnace using hydrogen-rich gas coming from natural gas or hydrogen as a reducing agent. Over 90 such Midrex plants are in operation across the globe. The deal comes at a time when the steel industry is working on reduction of CO2 emissions to address climate change. Kobe Steel Group (also known as Kobelco Group) set the ...

Acciona will reduce by 40% the carbon footprint using low-emissions circular steel in the renovation and expansion of Son Sant Joan airport in Palma de Mallorca (Spain) awarded to the company last year. One of the main materials for this project is corrugated steel of which 7 000 tonnes will be required. Acciona regarded the ability to offer a low-emissions product in line with the company s sustainability commitments as a decisive criterion in the selection of the supplier. CELSA Group was the chosen company to supply this material which will have a circular and low-emissions origin. The entire process to ensure the material s sustainability consists of several phases. Firstly the authorised manager in charge of the demolition and management of the ferrous waste from the old Palma airport terminal will process these metals at its facilities in the Ses Veles industrial park and supply t...

SeAH GSI a joint venture between the Saudi Arabian Industrial Investments Company (Dussur) and the leading Korean steel manufacturer - SeAH CSS has broken ground on its first of its kind stainless-steel seamless pipes and tubes production facility in Saudi Arabia. The new plant being built at a total investment of SR900 million ( 240 million) will come up on a 178 000 sq m area within the premises of King Salman Energy Park (Spark) a leading energy industrial ecosystem located in the Eastern Province of Dammam. It is likely to begin operations in 2025. The groundbreaking comes following the signing of a deal between Spark and SeAH GSI in September last year to develop the production facility which will increase the manufacturing of energy-related products in Saudi Arabia thus reinforcing the KSA s localization efforts in line with Saudi Aramco s In-Kingdom Total Value Add (iktva) programme and Nat...

The 18th edition of SteelFab 2023 currently being hosted by the Expo Centre Sharjah continues to enthrall visitors and exhibitors with its sophisticated exhibits providing a unique experience for industry professionals and individuals interested in utilising artificial intelligence (AI) in the industrial and transformative sectors said the organisers. The event which runs until January 12 features a collection of premier companies that use AI in the bending and cutting of iron and steel utilising smart robots. The companies displayed live demonstrations of their cutting-edge robotic arms which accomplished a quantum jump in steel cutting and soldering a key pillar in many industries such as the automotive and electronics sectors they stated. Saif Mohammed Al Midfa CEO of Expo Centre Sharjah stated: We look forward to using the SteelFab exhibition as a p...

The Hamriyah Free Zone will showcase its leading role in supporting the global and regional iron and steel trade as well as its competitive advantages at the 18th edition of SteelFab 2023 exhibition. Being organised by Expo Centre Sharjah from January 9 to 12 the event is scheduled to bring together industry leaders and experts from major countries in the field along with top local and regional companies. The Free Zone is home to more than 180 companies specialised in welding and mining that operate globally from HFZA. Perfect platform Saudi Salim Al Mzrouei Director of HFZA said that SteelFab 2023 will provide the free zone with an ideal platform to learn about the latest developments in the market industry requirements and the needs of manufacturers and investors in this sect...

Khalifa Economic Zones Abu Dhabi (Kezad) said it has signed a preliminary agreement with Dana Steel the flagship manufacturing unit of industrial conglomerate Dana Group for the establishment of its first hot and cold rolling steel complex in the UAE capital. As per the agreement Dana Steel will make a key investment to develop a 50 000 sq m facility within the integrated trade logistics and industrial hub of Abu Dhabi. Established in 2017 and catering to consumer markets across more than 50 countries throughout the Middle East Africa Europe and the Americas Dana Steel is one of the region s largest and most modern manufacturers of Hot Dip Galvanized (HDG) Aluzinc (AZ) Prepainted Galvanized (PPGI) Prepainted Aluzink (PPAZ) and Prepainted Aluminum (PPAL) steel coils and sheets. The new complex will facilitate backward integration of the company s contin...

Nissan Motor Co (Nissan) and Kobe Steel have announced that Nissan plans to use Kobenable Steel for Nissan models from January 2023 onwards. Kobenable steel commercialised by Kobe Steel significantly reduces CO2 emissions in the blast furnace process. Kobe Steel will also supply Nissan with aluminium sheets made from green-aluminium raw materials. This will be the first time Kobenable Steel will be used in mass- produced vehicles. Nissan aims to achieve carbon neutrality throughout the entire product life cycle by 2050. Since approximately 60% of a vehicle s weight is made up of steel parts and around 10% of its weight is made up of aluminium parts the use of green steel and green aluminum is a very effective way to reduce CO2 emissions during parts manufacturing which is part of the vehicle s life cycle. High quality ...

Conares the second largest private steel manufacturer in the UAE has announced the official inauguration of its colour-coated steel plant in Jebel Ali Free Zone (Jafza) Dubai. The state-of-the-art facility has been developed at an investment of AED150 million ( 40.85 million) within the Conares premises in Jafza South. The plant was inaugurated by Helal Saeed Al Marri Director General of Dubai Department of Economy and Tourism in the presence of Sultan Ahmed Bin Sulayem Group Chairman and CEO of DP World Abdulla Bin Damithan CEO and Managing Director of DP World UAE and Jafza Bharat Bhatia Chairman and CEO of Conares as well as other dignitaries and senior executives of Conares. Conares is the only private steel manufacturer in the UAE with four distinct product verticals. Exporting products to 26 countries across six continents the company s assets ar...

Emirates Global Aluminium the largest industry company in the UAE outside of oil and gas has agreed to supply CelestiAL solar aluminium to Kobe Steel to make automotive body sheet for Nissan. The agreement with Kobe Steel will see the supply of EGA s CelestiAL solar aluminium to one of the largest rolling mills in Japan. Automotive body sheet is used by the giant Japanese automaker to form vehicle body panels such as doors and bonnets. EGA currently supplies thousands of tonnes of aluminium to Kobe Steel every year in a business relationship that stretches back more than 25 years. Solar power Abdulnasser Bin Kalban Chief Executive Officer of EGA said: EGA was the first company in the world to make aluminium using solar power and we are proud that our CelestiAL metal will now be used in Nissan vehi...

Jindal Shadeed Group a pioneer in the steel industry has selected the Special Economic Zone at Duqm (Sezad) in Oman to set up 3 billion mega green steel manufacturing facility to produce 5 million metric tonnes of green steel annually. Slated to be the largest of its kind within the zone to produce green steel the factory will also utilise renewable energy sources in its manufacturing operations. The project will create over 800 million per annum in country value addition. The plant will supply high quality steel products to automobile wind energy and consumer durables sector amongst others. There is a booming demand for green steel from ESG conscious customers around the world especially in Europe and Asia who have already committed significant reduction in Scope 3 emissions by 2030. This announcement was made at a ceremony that included the signing o...

Leading UAE steel pipe manufacturer and exporter AJ Steel has signed an agreement with the integrated trade logistics and industrial hub of Abu Dhabi Khalifa Economic Zones Abu Dhabi - Kezad Group for the development and operation of a large-scale steel pipe production facility in Abu Dhabi to meet growing consumer demand. Under the agreement AJ Steel will expand its current operations in Kezad through the development of a plot covering close to 96 000 sq m which will bring its total to 200 000 sq m of leased land under industrial use. The signing which took place at Adipec 2022 follows the recent launch of a new production line at AJ Steel at its factory currently in operation at Kezad. It plans to enhance its production capacity from 0.5 million tonnes to 1.25 million tonnes by adding API-compliant steel pipe capacities from 1/2 to 20 sizes for oil & gas applications. Usi...

Foulath Holding an investment vehicle and holding company committed to the sustainable growth of the region s steel industry was the Diamond sponsor of the 15th Arab Steel Summit and the International Iron and Steel Exhibition 2022. The event held under the patronage of Zayed bin Rashid Al Zayani Minister of Industry and Commerce took place from November 7 to 8 2022 at the Gulf Hotel Convention Centre in the presence of prominent industry leaders and experts. The Summit was one of the largest platforms bringing together both Arab and international steel organisations. Industry experts from Foulath Holding and its subsidiaries participated in various activities throughout the event. Meshary Al-Judaimi Chairman of Foulath Holding said: The industry is witnessing an evolutionary shift brought about by decarbonisation efforts and the aim to position B...

Emirates Steel Arkan the UAE s largest publicly-traded steel and building materials company said standardisation plays a key role in its strategy for diversifying revenue sources and boosting exports. This year we increased the number of our export markets to over 60 with half of our steel output now going to customers all over the world each with their own product specifications remarked its Group CEO Saeed Ghumran Al Remeithi. Managing the quality of our product range is critical to the success of our business and only viable through the application of internationally recognised standards he stated while speaking at the 2022 Annual Meeting of the International Organisation for Standardisation (ISO) which took place in Abu Dhabi last week. Al Remeithi pointed out that decarbonisation was another factor which demanded the application ...

Seah Gulf Special Steel said it has sealed two agreements for its new steel pipe factory in Dammam being built at an investment of more than SR1 billion ( 266.3 million) - an EPC contract with Saudi-based Sendan International Company for its construction and a land lease agreement with King Salman Energy City (Spark). Seah Gulf Special Steel is a joint venture between Saudi industrial investments company Dussur and Korean group SeAH Changwon Integrated Special Steel Corporation. Announcing this at the signing ceremony Dussur said it had awarded an engineering procurement and construction contract (EPC) contract worth SR260 million ( 69.2 million) to Sendan International Company a leading Saudi-based construction group for the new steel factory. A major player in Saudi industrial sector Sendan has developed a strong position as a contractor in the oil gas petro...

Seah Gulf Special Steel a joint venture between Saudi industrial investments company Dussur and Korean group SeAH Changwon Integrated Special Steel Corporation said it has sealed an industrial land allocation agreement with King Salman Energy City (Spark) to set up its new steel pipe factory in Dammam at an investment of more than SR1 billion ( 266.3 million). As per the agreement Spark will allocate SeAH Gulf Special Steel an industrial land area of 177 845 sq m to build its factory which once operational will have a production capacity of 20 000 tonnes per year. And the importance of SeAH Gulf Special Steel factory lies in the opportunities of attracting global expertise and localizing the stainless-steel pipe industry by serving the oil and gas sectors in addition to energy and water. On choosing Spark for its project the Dussur-Korean JV said it is one of the most...

Altrad RMD Kwikform a leading provider of formwork falsework and ground shoring solutions is advising the construction industry to consider alternatives to structural steel for excavations given the current volatility in price. With over 70 years engineering experience ARMDK operates in 15 countries around the world while servicing many more through its export teams. Working closely with the entire supply chain ARMDK has global experience working with businesses at each stage of the construction process with key markets including the UK Australia India and the Middle East. Business Development Manager Peter Atkinson said: We have seen the price of steel fluctuate wildly over the past year or so and what used to be a predictable market has now become volatile driven by the cost of energy and supply chain issues. ...

Rockwell Automation one of the world s largest companies dedicated to industrial automation and digital transformation said top UK steel stockholder Barrett Steel has deployed its Fiix computerized maintenance management system (CMMS) to control its ongoing maintenance programmes and help reduce downtime. The deployment of the CMMS from Fiix is part of a digital transformation of Barrett Steel s maintenance activities with the aim of streamlining simplifying and mobilizing the entire program. The steel stockholder had already deployed an OEE system developed and installed by CHG a trusted supplier of Barrett Steel and a Rockwell Automation recognized system integrator. CHG pointed out that that the Fiix CMMS would be ideal to develop and scale the system further and partnered with Rockwell Automation to create a tailored solution based around a five-year ROI...

J O Steel Holdings a steel-manufacturing holding company based in the UK has secured a 692 million credit facility from a consortium of banks and financial institutions led by Saudi British Bank (SABB) to set up an integrated billet manufacturing plant within Ras Al-Khair Industrial City in Saudi Arabia. The proposed steel mill which is set to be located north of Jubail on the kingdom s eastern coast will have an annual production capacity of 1.8 million tonnes said the UK company in a statement. The plant is expected to go into commercial production in Q1 2025 it added. As per the deal JO Steel Holdings will provide 173 million in equity to be raised through convertible warrants. Each warrant will carry a right exercisable by the holder to subscribe to one equity share against each warrant at a price to be determined at a later stage to establish the project on an overall debt-to-equity ...

Emirates Steel Arkan the UAE s largest publicly-traded steel and building materials company plans to expanding into new markets in Asia and Africa a move which will help enhance the group s international competitiveness said its top official. Emirates Steel Arkan aims to explore new markets and boost its production and efficiency. We have been able to increase the number of export markets to 60 by the end of the first half compared to 56 at the start of the year stated its Group CEO Saeed Ghumran Al Remeithi in an interview to the Emirates News Agency (WAM). Al Remeithi pointed out that the group s strategy for diversifying its revenue sources includes increasing exports via various marketing channels in addition to boosting the competitiveness of national products supporting the unified industrial identity titled Make it in the Emirates to encourage production an...

South Korea s steel conglomerate SeAH Group has set up a joint venture with Saudi energy giant Aramco to produce special steel pipes a report said. SeAH Changwon Integrated Special Steel Corp the group s special steel maker said the joint venture SeAH Gulf Special Steel Industries (SGSI) will accelerate the expansion of the group in the Middle East according to a The Korea Economic Daily report. The project will be established in King Salman Energy Park (SPARK) a new megaproject under construction and located between Damman and Al-Ahsa in Saudi Arabia s Eastern Province In September of last year SeAH Changwon agreed on an investment of 230 million to jointly set up a seamless stainless steel pipe production plant with Aramco-owned Saudi Arabian Industri...

Emirates Steel Arkan today reported a net profit of AED207 million ( 56.36 million) in the second quarter of this year compared to a pre-merger loss of AED24 million in the same period of last year. The figure was a 184% increase from AED73 million in Q1 driven by higher sales volumes and prices enhanced operational efficiencies and a supportive commodity market environment. Revenues rose to AED2.57 billion in Q2. Steel continued to contribute 90% of the group s revenues and building materials 10%. Earnings per share for the quarter rose to AED0.03 per share compared to a pre-merger loss of AED0.014 per share in the same period last year. The group s net profit for the first six months of 2022 was AED280 million compared to a pre-merger loss of AED23 million in the first half of 2021 while revenues rose to AED4.61 billion versus AED418 million in the same time frame. /d...

Sweden s steel major SSAB has entered an agreement with US-based Shape Corp a tier-one automotive supplier of lightweight body structures to deliver fossil-free steel crash management and body structure systems to market. Shape will be testing SSAB s fossil-free steel the first steel product made of hydrogen-reduced sponge iron utilising HYBRIT technology for use in automotive applications. We are excited to welcome Shape as our first partner for fossil-free steel in the US and look forward to jointly explore ways to mitigate climate change says Martin Lindqvist President and CEO at SSAB. Demand for fossil-free steel is increasing which is one of the reasons for SSAB to bring forward its green transition with the ambition to largely eliminate carbon dioxide emissions around 2030. Leading the indust...

Bureau Veritas (BV) a world leader in testing inspection and certification has announced the release of its new structural rules for steel ships NR467 which focuses on safety and will benefit shipyards and shipowners. The new rules are a significant development in classification society standards building on extensive hydrodynamic simulations as well as unprecedented insight into hydrodynamics and structures supported by 15 years of new digital tools and increased computing power. The new NR467 rules which address the safety requirements for the structural assessment of sea-going ships replace the rules issued in 2000 and comprise significant changes that will benefit shipyards and shipowners. These include increased clarity and transparency in the parameters used for formulas to support a better understanding of the rules and of the physical phenomena taken into account by shipyards and designers....

Emirates Steel Arkan Group the UAE s largest listed steel and building materials company has signed an agreement with Abu Dhabi University (ADU) to establish the UAE s first metallurgical laboratory specialised in steelmaking. The laboratory will contribute to enriching the educational experience in this discipline and conducting advanced studies and research in metallurgy and the science of iron and steel. Emirates Steel Arkan Group had signed an MoU last year with Khalifa University to implement collaborative research projects provide scientific and professional training and development programmes and offer technical consultations and student internships at Emirates Steel Arkan premises. The group said it will offer comprehensive scholarships to 20 undergraduate Emirati students covering the four-year study in addition to providing ADU s College of Engineer...

Ford Motor Company has announced that it will join the First Mover s Coalition an initiative led by the US Department of State and the World Economic Forum that includes more than 30 of the world s leading companies committed to harness their purchasing power and supply chains to create early markets for innovative clean energy technologies. In joining the First Mover s Coalition Ford pledges that at least 10 per cent of all steel purchased (per year by volume) will be near-zero emissions by 2030 and that at least 10 per cent of total primary aluminium purchased (per year by volume) will be at or below a near-zero threshold of carbon intensity by 2030 it said. Our commitment to the Paris Agreement was just the start of Ford s ambition to reach carbon neutrality. Now we are actively working to develop the materials and technology needed to create a zero-emissions transport...

Ford Motor Company announced it will join the First Mover s Coalition (FMC) and pledged that at least 10% of all its steel and aluminium purchases will be near-zero emissions by 2030. FMC is an initiative led by the US Department of State and the World Economic Forum that includes more than 30 of the world s leading companies committed to harness their purchasing power and supply chains to create early markets for innovative clean energy technologies. Our commitment to the Paris Agreement was just the start of Ford s ambition to reach carbon neutrality. Now we are actively working to develop the materials and technology needed to create a zero-emissions transportation future said Chris Smith chief government affairs officer for Ford. Environmental footprint We&rs...

The Dubai Chamber of Commerce has set up Steel Manufacturers Business Group which aims to unify the voices of iron and steel companies address common challenges and boost the sector s competitiveness. The new business group recently held its first meeting at the Chamber s headquarters which was attended by Bharat Bhatia Chairman of the Steel Manufacturers Business Group and Hassan Al Hashemi Vice President of International Relations at Dubai Chamber of Commerce. The meeting outlined new plans and priorities to support the growth of companies operating in the iron and steel industry. Right platform Al Hashemi stressed the significance of the group provides the right platform for industry players to voice their concerns share knowledge and recommend policy changes to improve the business enviro...

Emirates Steel Arkan Group the UAE s largest publicly traded steel and building materials company saved AED220 million ( 60 million) in 2021 due to higher efficiency as the Group accelerates its strategy to harness innovation and unlock future-proof solutions. Reflecting its knowledge-based creative culture innovative ideas submitted through Emirates Steel s strategic transformation programme Namaa by employees helped deliver the saving to the company last year due to optimisation and production improvements said the company in a statement. Furthermore in February 2020 Emirates Steel became the first steel manufacturer in the world and the first manufacturer in the UAE to receive the ISO 56002:2019 Innovation Management System certificate a recognition of the company s success in implementing the latest cutting-edge technologies and conforming to best practi...

Khazaen Economic City has signed an agreement with Al Janabi International investment company to establish a factory to produce cement products to the tune of RO2 million ( 5.17 million) for the first phase. The project will be set up on a total area of 5 000 sq m reported Oman News Agency (ONA). Another agreement was signed between Khazaen Economic City and Moayyad Omair investment company to establish a factory for steel industries worth RO1.5 million for the first phase. The project will be set up on a total area of 7 500 sq m. This project which targets the local and regional market aims to produce 4 000 tons of steel structures monthly. ...

Oman s Samail Industrial City has signed a deal with Gulf Petrochemical Services and Trading to set up a steel industries plant covering 181 000 sq m at an investment of OMR3 million ( 7.79 million) for the first phase of the project. Samail Industrial City is divided into several sectors to attract a variety of industries. These include food industry plastic and petrochemical industry steel industry; marble industry; building materials industry; and supporting services sector (e.g. warehouses). Samail Industrial City affiliated to the Public Establishment for Industrial Estates Madayn is designed according to the latest international standards taking into account the environmental civil defence social and recreational requirements to achieve an integrated live-work-play model. Moreover the Medical Fitness Examination project in Samail Industrial...

The UAE s Steel Producers Committee held an urgent meeting to discuss the current developments within local rebar market where it affirmed the members commitment to supply the UAE market with the necessary rebar requirements as well as maintaining market stability in order to support the construction sector and the economy respectively. The committee was set up in 2020 with the aim of protecting the interests of its members across the UAE by helping them achieve their full growth potential and business goals and addressing challenges they may face in the future. It is made up of 15 industry leaders who are committed to strengthening the national steel industry. Under the Steel Producers Committee there are 5 sub-committees dedicated to steel manufacturing processes including pipes and tubes coated steel coils reinforced steel bars and wire rod steel coil...

ArcelorMittal Nippon Steel India (AM/NS India) a joint venture between two of the world s leading steelmakers ArcelorMittal and Nippon Steel announced the opening of its first Hypermart retail outlet in Jebel Ali Free Zone Area (JAFZA) of Dubai UAE - as part of its expansion strategy in the Middle East. Hypermart is an integrated platform for retail trade and last-mile sales of steel grades for diverse segments involved in a range of manufacturing activities including the production of fabricators engineering goods and auto components. The Hypermart division currently accounts for 20 per cent of AM/NS India s overall revenues. It is expected to surge up to 30 per cent as the expansion plans for the network of outlets are underway said the company. The announcement was made on the sidelines of the inauguration of Steel Week at India Pavilion Expo 20...

India s Union Minister of Steel Ram Chandra Prasad Singh today (March 13) urged companies to take advantage of the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE and find ways to set foot in the MENA region using UAE as the base. The Indian minister was in the UAE to inaugurate the Steel Week at the India pavilion at Expo 2020 Dubai. The five-days event which started today and concludes on March 17 is being held to showcase the Indian steel sector boost trade relations with the UAE and build a portfolio of opportunities for India s steel sector a statement said. As part of the Steel Week one-to-one meetings were held with the leading players in steel production and logistics industries based in the UAE. The flagship scheme of the Indian government viz Production-Linked Incentive (PLI) to boost manufacturing of specialty steel its featur...

The India Pavilion at EXPO 2020 Dubai is all set to host Steel Week from March 11. The week-long event culminating on March 17 will highlight the expertise of the steel sector in India and showcase an array of opportunities as well as business potential in India s steel sector a statement said. Inaugurated by Hon ble Minister of Steel Govt of India Steel Week at India Pavilion will be attended by representatives from India s leading steel producers Delegation of Ministry of Steel Government of India will be led by Shri Ram Chandra Prasad Singh Union Minister of Steel who will inaugurate the event. Senior officials from the leading steel producers of India including SAIL JSW JSPL Tata Steel AM/NS India will accompany the delegation. T...

Bahrain Steel a leading producer and global supplier of high grade iron-ore pellets and a subsidiary of Foulath Holding has announced that it has registered a record production of 12 million tonnes of iron-ore pellets in 2021. Now operating over the rated production capacity of 11 million tonnes Bahrain Steel is better positioned than ever to meet growing customer demand and to support global post-pandemic economic recovery. Increased output also enables the company to help facilitate the transition towards carbon neutrality which is heavily dependent on significant a increase in the use of pellets for more efficient clean and sustainable production of steel around the world. This important milestone also aligns to the kingdom s Economic Vision 2030 Economic Recovery Plan and the Industrial Sector Strategy (2022-26) which call for an increase in the industr...

Al Yamamah Steel Industries has reported revenues SR326 million ( 86.8 million) during the fourth quarter (Q4) of 2021 marking a year-on-year (y-o-y) decline of 31.3% said a report. Al Rajhi Capital a leading financial services provider in Saudi Arabia said in its report that the results were lower than its estimate of SR437 million. We estimate that lower than expected volume from the construction segment resulted in a lower-than-expected revenue. Despite a fall in revenue relative to the previous year gross profit increased by 8.5% y-o-y and was aided by an improvement in gross margins said Al Rajhi Capital. We expect better inventory management to have aided improvement in profitability. Operating profits on the other hand increased by 36.8% y-o-y at the back of higher gross profits and lower operating expenses. However the profitability of Yamamah was lower than expected and was impacted by lower-...

UK-made steel from the country s largest producer Tata Steel is playing a role in helping create the world s largest offshore wind farm. Capable of providing green energy for six million homes in the UK the Dogger Bank Wind Farm is due to be complete by 2026. The wind farm is being developed in three 1.2 giga-watt phases: Dogger Bank A B and C. Dogger Bank A and B is a joint venture between SSE Renewables (40%) Equinor (40%) and Eni (20%). In November 2021 SSE Renewables and Equinor 50:50 joint venture partners in Dogger Bank C announced Eni will take a 20% stake in the final phase with SSE Renewables and Equinor maintaining 40% stakes each in a deal which is expected to complete in the first quarter of 2022 subject to regulatory approvals. In the first two phases of construction the vast GE Renewable Energy turbines ...

Middle East Iron and Steel Conference (MEIS 2021) being held at Grand Hyatt Dubai from 6 to 8 December 2021 was inaugurated by Omar Ahmed Suwaina Al Suwaidi the UAE s Undersecretary of the Ministry of Industry and Advanced Technologies (MoIAT). Emirates Steel the leading integrated steel manufacturer in the Middle East is participating in the event as a Platinum Sponsor to boost international collaborations on the industry primary drivers of growth and discuss the regional steel market s current challenges and potential opportunities. In his keynote speech Al Suwaidi spoke about decarbonisation of steel industry. He emphasised that climate change and the impact of the Fourth Industrial Resolution require a fundamental shift in our thinking and that one of the principal goals of the MoIAT is to facilitate this transition towards the 4IR and its disruptive technologies. &ldq...

Seeking to play a vital role in a multi-billion-dollar industry the UAE s Steel Producers Committee (SPC) has been launched on the sidelines of the Middle East Iron & Steel Conference. The event brings the region s biggest players together with the global supply chain and is running at the Grand Hyatt in Dubai from December 6 to 8 2021. The SPC has been formed to represent steel makers and associated businesses at ministries and local entities across the UAE in efforts to pro-actively improve productivity and the performance of its members with the intention of helping them reach their full growth potential and business targets while resolving any issues that may occur in the future and introducing any relevant investment services or integrated infrastructure to its members locally and internationally. Speaking at the introductory press conference Eng Saeed...

Through diversified and rich programmes designed for its employees Emirates Steel the leading integrated steel manufacturer in the Middle East participated in the 50th UAE National Day and its Golden Jubilee celebrations. The event at the company s headquarters in Abu Dhabi aimed to strengthen the sense of national identity amongst the employees and take pride in their love and loyalty to the UAE and its leadership. The celebration included a set of activities inspired by the authentic and traditional heritage of the UAE including folk art shows traditional Emirati products competitions and distinguished participations by passionate employees; all in an atmosphere full of pride in the achievements of the past 50 years and a determination to continue to achieve the goals of the UAE Centennial 2071. I am honoured to extend my warmest congratulations on...

Emirates Steel the leading integrated steel manufacturer in the Middle East has strengthened its presence in the energy oil and gas sectors by supplying more than 600 000 tonnes of heavy and medium sections to the oil and gas sectors in the region and worldwide. The company aims to highlight its significant contribution and expand its foothold within the energy landscape at the upcoming Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2021). To be held from November 15 to 18 at the Abu Dhabi National Exhibition Center the event will bring over 2 000 exhibiting companies 100 000 energy professional and 26 exhibiting country pavilions. The participation will highlight Emirates Steel s offerings to customers in the wider energy sector and provide the opportunity for discussions with regional leaders in the oil and gas sector on the latest advancemen...

Alghanim Industries one of the largest privately-owned companies in the region recently broke ground with a new pre-engineered steel buildings (PEB) manufacturing facility located in Gujarat India s fifth largest state. The facility will increase the manufacturing capacity of Kirby Building Systems in India from 200 000 metric tons (MT) to 300 000 MT per year. The new plant is expected to be fully operational by late 2022 invigorating India s economy and creating hundreds of jobs. It will be Kirby s third plant in India joining a global network of five PEB facilities that serve more than 70 countries. A subsidiary of Alghanim Industries Kirby Building Systems is credited with the introduction of PEBs in India in the late 1999 s playing a crucial role in the growth of the country s infrastructure on all levels. In addition to building multiple metro stations that connect several provinces serving thousands of commuters every...

Emirates Steel the leading integrated steel manufacturer in the Middle East said it has adopted the dynamic QR code verification technology from Cares Cloud a UK certification authority for reinforcing steels to assure fast and seamless traceability of its rebar products. Emirates Steel is the first manufacturer to automatically upload the product test data using a dedicated Application Programming Interface and comes as part of its major drive to digital assurance. Through this rebar customers seeking comprehensive information about materials sourced from Emirates Steel can now access Cares Dynamic QR Code for a direct link to Emirates Steel s uploaded product test data on the Cares Cloud. Scanning the new dynamic QR code shows the mechanical properties of Emirates Steel s Cares certified products together with information on product sustainability pe...

Global steel demand will grow by 4.5% in 2021 and reach 1 855.4 Mt after 0.1% growth in 2020 according to the World Steel Association (worldsteel). In 2022 steel demand will see a further increase of 2.2% to hit 1 896.4 Mt stated worldsteel in its short-range outlook released by its economic committee led by its chairman Engineer Saeed Ghumran Al Remeithi also the Emirates Steel CEO at its bi-annual meeting in Brussels Belgium. The forecast assumes that with the progress of vaccinations across the world the spread of variants of the Coronavirus will be less damaging and disruptive than seen in previous waves. Commenting on the outlook Al Remeithi said: 2021 has seen a stronger than expected recovery in steel demand leading to upward revisions in our forecast across the board except for China. Due to this vigorous recovery global steel demand outside China is...

UAE-based Arkan Building Materials Company has announced the legal completion of its merger with Emirates Steel Industries following the approval from the shareholders and the Emirati regulator thus creating a major steel and building materials powerhouse. Arkan is a major construction and building materials company in the UAE while Emirates Steel is owned by General Holding Corporation (Senaat) a part of ADQ one of the region s largest holding companies. The merger had been first announced in May this year when ADX-listed Arkan said its board of directors has received an offer to merge the two firms. Under key terms of the offer Arkan had issued to Senaat a convertible instrument which converted into 5.1 billion ordinary shares of the building materials company. This Arkan-Emirates Steel combination will result in the ...

Embosal Steel Mills a conglomerate family business established in the 1980s in UAE plans to set up a AED250 million ( 68.06 million) steel pipe plant in Ras Al Khaimah. It will specialise in the manufacturing of structural steel pipes and tubes water transmission pipes and piling pipes. The project will have a workforce of over 450 employees with a combined annual capacity of 1.5 million metric tonnes of steel tubes and pipes. All products will be distributed to local projects within UAE and overseas. Embosal Steel Mills will soon be joined by three of its sister companies in its new 140 000 sq m land plot at Ras Al Khaimah Economic Zone (Rakez). Our relocation to Ras Al Khaimah is a strategic decision to support our long-term goal. Cost is one of the most important factors in our decision-making process and Rakez was able to offer us cost-effective solution...

Emirates Steel the leading integrated steel manufacturer in the Middle East has supplied more than 60% of the rebar needed for Expo 2020 Dubai. The steel was used to build the central dome Al Wasl Plaza pedestrian bridges parks roads corridors and the underpass linking Al Maktoum International Airport to the Expo 2020 site and more. Additionally Emirates Steel also supplied 35 000 metric tonnes of its high-quality sections and sheet piles for the construction of multiple pavilions at Expo 2020. Engineer Saeed Ghumran Al Remeithi CEO of Emirates Steel commented: We are proud to supply Expo 2020 with our products working on this vital project will be added to our track record of achievements. Today we write a new chapter in our journey to support the UAE s incredible efforts to host one of the most prestigious exhibitions in history. Our products are globally certified an...

Emirates Steel the leading integrated steel manufacturer in the Middle East has announced a major reduction in its rebar prices (8-32 mm) by AED348 ( 95)/tonne for September delivery thus taking the final costs to AED2 610 compared to AED2 956 for August delivery. This is mainly to support the construction sector and maintain the balance across the local market keeping the prices of rebar in the UAE among the lowest regionally and globally said senior company officials on the sidelines of the The Big 5 the region s largest construction industry s event which concluded today in Dubai. The event recorded over a 1 000 local and international exhibitors with 20 national pavilions from 45 countries. Emirates Steel stand featured virtual tours within the company s plants and highlighted its facilities offered to support the construction sector and its new products. During the event the company discussed custo...

Emirates Steel the leading integrated steel manufacturer in the Middle East has announced its participation in The Big 5 the largest construction industry s event in the Middle East Africa and South Asia region. The mega in-person event is being held at Dubai World Trade Centre from September 12 to 15 with over a thousand local and international exhibitors with 20 national pavilions from 45 countries. Emirates Steel invited customers developers and stakeholders vested in the construction sector to visit its interactive stand featuring virtual tours within the company s plants in Sheikh Saeed Hall 2 No. SS2 A91.The aim is to understand the customers new requirements comprehensively and identify future industry trends. Emirates Steel will highlight the latest developments of the UAE s steel industry its diversified range of high-quality and new products future plans facilities supporting the constructio...

Etisalat Emirates Steel and Taqa (the Abu Dhabi National Energy Company)have become the first three large national companies joining the National In-Country Value (ICV) Programme. The Ministry of Industry and Advanced Technology (MoIAT) signed three separate memoranda of understanding (MoU) with these companies a WAM report said. By joining the National ICV programme which was officially launched by Dr Sultan bin Ahmed Al Jaber Minister of Industry and Advanced Technology part of the first set of Projects of the 50 Etisalat Emirates Steel and Taqa will now prioritise local ICV-certified suppliers above other entities bidding for commercial contracts. The move is part of the UAE s wider National Strategy for Industry and Advanced Technology which seeks to increase the UAE industrial sector s contribution to GDP to AED300bn ...

Baoshan Iron & Steel Company (Baosteel) China s biggest listed steelmaker said it has signed an initial agreement with the state oil giant Saudi Aramco to study building an integrated steel plate manufacturing facility in Saudi Arabia. This comes as part of the Saudi group s industrial investment programme Aramco Namaat which aims to drive the country s economic growth and diversification. Aramco had recently signed 22 new MoUs and one JV agreement focused on capacity building in four key sectors: sustainability technology industrial and energy services and advanced materials. As per the pact the duo will establish a guiding committee to jointly conduct feasibility studies on the project s business plan implementation and joint venture formation said Baosteel in its filing to the Shanghai Stock Exchange. The new ventu...

Al Yamamah Steel Industries has posted revenue of SR406 million ( 108 million) for the third quarter of the year (Q3) marking a year-on-year (y-o-y) increase of 2.7% higher than an estimate of SR374 million a report said. Higher commodity prices led to a better realization of the construction product price which grew 54.8% y-o-y reported Al Rajhi Capital a leading provider of financial services in Saudi Arabia. On the flip side the construction product volume declined 33% y-o-y mainly due to inventory management exercise to avoid exposure to higher cost inventory (as the steel prices remained elevated during Q3 2021) in case of any slump in demand. Gross profit increased more than 3x y-o-y to SR104 million as the margins expanded to 25.6% (8.2% in Q3 2020 and 22.3% in Q2 2021) due to favourable pricing environment for the final product. Improvement in gross income and lower finance cost on the back of deb...

Emirates Steel a leading integrated steel manufacturer in the Middle East said it has awarded a general designer contract to Tata Consulting Engineers Abu Dhabi for its new fully automated first-of-its-kind hot rolled coils (HRC) plant in the Mena region. The agreement which lasts for 10 months involves a comprehensive evaluation and study for all phases of the project. Based in Abu Dhabi Emirates Steel through Senaat is part of ADQ one of the region s largest holding companies with a broad portfolio of major enterprises spanning key sectors of the UAE capital s diversified economy. As per the deal Tata Consulting Engineers will analyse all phases of the project discuss logistics and environmental issues define the state-of-the-art technical and solutions and determine budgets and business cases among others. div...

Etihad Rail has signed a partnership with Al Ghurair Iron & Steel (AGIS) the UAE s largest producer of galvanised and coldrolled flat steel to use the UAE National Rail Network to transport the steel producer s product across the nation. Etihad Rail will be providing efficient and sustainable services by transporting steel products from AGIS s manufacturing facilities through the rail freight terminal in the Industrial City of Abu Dhabi (ICAD) to Khalifa Port in Abu Dhabi and Jebel Ali in Dubai for exports. Mohammed Al Marzouqi Executive Director of Rail Relations Sector at Etihad Rail commented: Our company consistently seeks more robust partnerships with a range of entities delivering services that are integrated directly with clients business models and further promote their efficiency. Our agreement with AGIS will facilitate the transport of their products through the UAE Nation...

UAE-based Arkan Building Materials Company (Arkan) has announced that it has won approval from its shareholders for its strategic merger with Emirates Steel Industries the Middle East s leading integrated steel manufacturer. A leading construction and building materials company in the UAE Arkan said the transaction will create a listed national champion in the building materials and construction sector with strong potential for growth in the UAE and internationally. Emirates Steel is owned by General Holding Corporation (Senaat) a part of ADQ one of the region s largest holding companies. The key terms of the strategic combination proposed in May by Senaat are to transfer Emirates Steel to Arkan in consideration for the issuance by Arkan to Senaat of a convertible instrument. Upon closing the transaction the convertible inst...

Abu Dhabi National Energy Company (Taqa) has announced a partnership with Emirates Steel to develop a large-scale green hydrogen project. It will be the first green steel produced in the Mena region. A Memorandum of Understanding (MoU) was signed by Jasim Husain Thabet Taqa Group CEO and Managing Director and Engineer Saeed Ghumran Al Remeithi CEO of Emirates Steel. Under the agreement Taqa and Emirates Steel will consider utilising green hydrogen to optimise clean steel production level. The hydrogen will enable green and low carbon steel manufacturing saving energy while creating a sustainable and clean manufacturing process. The MoU also lays the groundwork for the project design to be expanded to meet the anticipated growth in international demand for low carbon steel. This is one of the innovative solutions aiming to reduce the carbon footprint of construction transportation and industrial sectors...

Swedish steelmaker SSAB said it had agreed with Volvo Cars to jointly explore the development of fossil-free steel for use in the automotive industry Reuters reported. The Swedish carmaker owned by China s Geely Holding will be the first car maker to source steel from green steel venture HYBRIT which is owned by SSAB Swedish state-owned utility Vattenfall and Swedish miner LKAB. This steel will be used for testing purposes and may be used in a concept car SSAB said in a statement. The HYBRIT project last year began test operations in Sweden to replace coking coal traditionally needed for ore-based steel making with fossil-free electricity and hydrogen which in turn is produced using only renewable power. It aims for a demonstration plant to be ready in 2026. Together with Volvo Cars we aim to develop fossi...

Arkan Building Materials Company a leading construction and building materials company in the UAE said it has appointed KPMG as independent valuer and White & Case as legal advisors to review the merger offer submitted last month by General Holding Corporation (Senaat) part of ADQ with its wholly owned subsidiary Emirates Steel Industries. Through Senaat both Arkan and Emirates Steel are part of ADQ one of the region s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi s diversified economy said the company in a statement. Arkan said its board of directors will refer to the valuation work of KPMG along with work done by other advisors in assessing the proposed offer before making a recommendation to shareholders. The key terms of Senaat s offer are to transfer Emirates Steel to Arkan in...

The world s first test of a 30% natural gas/hydrogen blend in the forging processes used in industrial steelmaking was held in Rho (province of Milan) at the Forgiatura A Vienna plant. The trial involved the use of the hydrogen/gas mix to heat the furnaces of the Forgiatura A. Vienna plant and was successfully carried out on site after a series of studies and laboratory tests lasting about a year. The companies involved in the initiative were: Snam one of the world s leading energy infrastructure companies and developer and promoter of the project; RINA a multinational inspection certification and engineering consultancy which handled the engineering analyses and laboratory phase; and GIVA Group a global leader in steelmaking which made Forgiatura Vienna available for the field test. The blend of methane and hydrogen was supplied by Sapio an Italian company specialising in the production and ma...

UAE-based Arkan Building Materials Company has received an offer from Abu Dhabi s Senaat a part of state-owned holding company ADQ proposing a merger with its wholly-owned subsidiary Emirates Steel. Confirming this Arkan said its board of directors is studying the proposal received last week for merger of the two firms in exchange for the issuance of an instrument that would automatically convert into approximately 5.1 billion ordinary shares (at a fixed price of AED 0.798 per share) in Arkan s capital. When applied to Senaat s valuation of Emirates Steel the offer implies an equity value for Arkan of AED1.4 billion ( 381 million) said Arkan in its filing to the Abu Dhabi Securities Exchange (ADX). Post completion Senaat would own 87.5 per cent of the entire issued share capital of the combined group it stated. /...

Having already secured tenants for a sizable part of Phase 1 of its sprawling development Sohar Freezone has opened up a new phase for investment this time with an eye on businesses that will capitalise on an array of mega projects operating at the adjoining industrial port according to a report by Oman Observer . Sohar Port currently hosts large-scale chemical petrochemical refining and metal industries in addition to a nascent agro-foods cluster that collectively open up wide opportunities for investment in downstream processing and value-added activities within the nearby free zone. Phase 1 of the free zone development has so far attracted a total of 44 investments across smelting manufacturing warehousing and logistics cold storage and office solutions. By the end of 2020 as much as 63 per cent of Phase 1 s five million sq m development had already been leased to tenants according to...

Emirates Steel a leading integrated steel producer in the Middle East and Safeen Group the marine service arm of Abu Dhabi Ports both part of ADQ have announced the commencement of transshipment operations as part of a 10-year agreement previously signed between the two parties in 2019. As per the agreement Safeen will work closely with Emirates Steel to provide short marine shipping services for three shipments of iron ore per month and will be responsible for the purchase rental delivery operation and maintenance of cargo ships trailers and unloading equipment for the premier steel manufacturer. Serving as the company s latest venture into the transshipment business vertical and as one of the largest active transshipment agreements (by volume) within the Arabian Gulf region the contract will be delivered via a converted Post-Panamax bulk the largest bulk commercial vessel ever r...

Volvo Group a key unit of global buses and truck manufacturer and SSAB a highly-specialised global steel company have signed a collaboration agreement on research development serial production and commercialization of the world s first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using hydrogen. We are determined to be a climate-neutral company by 2050 in line with the Paris Agreement. This means that our vehicles and machines will be emission-free when in operation but also that we will review the materials like steel used in our products and will gradually switch to fossil-free alternatives here as well said Martin Lundstedt President and CEO at Volvo Group. This is an important step on the road to completely climate-neutral transports &q...

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.9 million tonnes (mt) in January 2021 a 4.8% increase compared to January 2020 a report said. Middle East accounted for 3.6 mt of steel production in January ( 1.5%) while North America produced 9.9 mt (-7%) of steel. Asia and Oceania region topped the list with 119 mt ( 6.3%). 64 countries accounted for approximately 99% of total world crude steel production in 2019. -TradeArabia News Service ...

Engineer Saeed Ghumran Al Remeithi CEO of Emirates Steel has been placed amongst the Top CEOs in the Middle East by the internationally acclaimed Forbes Middle East magazine. This prestigious achievement highlights the pioneering position of Emirates Steel as a leading regional manufacturer and the powerful influence of Al Remeithi as a regional thought leader and a change maker Emirates Steel said in a statement. Under his leadership Emirates Steel evolved to be one of the leading integrated steel manufacturers across the MENA region with the inspiring vision to be amongst the top global steel producers it added. Over the last two decades Emirates Steel gained its solid reputation by providing the best-in-class steel products catering to the different needs of its customers in multiple sectors including construction energy and transportation whether within the local mark...

Germany s Thyssenkrupp has ended talks for selling its steel unit to Liberty Steel focusing on restructuring the unit on its own the company said. Thyssenkrupp said the decision was made after no agreement could be found with Liberty S&P Global Platts reported. We opened the door for negotiations but in the end our ideas about the corporate value and the structure of the transaction were far apart CEO Klaus Keysberg said in a statement. In the press note Thyssenkrupp said it would now continue to drive forward a sustainable position for steel on its own. Liberty Steel submitted an updated non-binding offer to Thyssenkrupp to acquire Thyssenkrupp Steel Europe earlier this year and Keysberg said in a press call last week that Liberty was the only sale partner considered. Keysberg however did stress then that a &...

Sabic a global leader in diversified chemicals and a leading producer of steel highlighted its post-Covid-19 steel business strategy and the challenges in the steel market at the virtual Middle East Iron and Steel Conference. Addressing the conference Salah Ahmed Al-Ansari President of Hadeed a fully-owned manufacturing affiliate of Sabic said that the company took extra preventive measures across its facilities to ensure business continuity and a reliable supply to its customers in local and global markets. The company continued its export to the international destinations during the pandemic. Al-Ansari said: Diversifying the raw materials supply along with a strategic insight toward the production of differentiated value-added products is the main strategy to enhance our competitive advantage and maintain our leading position in the market. In addition Sabic-Hadeed is driving its steel business strategy towards expanding its industry c...

ArcelorMittal has signed a definitive agreement with Nippon Steel Corporation to build an electric arc furnace (EAF) at AM/NS Calvert in Alabama US a 50:50 joint venture between ArcelorMittal and Nippon Steel. ArcelorMittal first announced its intention to build an EAF at AM/NS Calvert on August 12 2020. Construction of the 1.5 million tonne capacity EAF which will cost 775 million will commence in 2021 and come onstream in the first half of 2023. The project will be funded by AM/NS Calvert. Commenting Brad Davey CEO ArcelorMittal North America said: This is an important project for AM/NS Calvert which builds additional flexibility to its slab sourcing and will increase its responsiveness to short lead time orders. AM/NS Calvert is already one of the world s finest steel finishing facilities. Adding this state-of-the-art EAF will further strengthen its ...

Azizi Developments a leading private developer in the UAE has awarded an AED11.5 million contract to BRC Arabia for the supply of cut and bend reinforcement steel for five of the buildings in the third phase of Riviera its waterfront lifestyle community coming up in the Mohammed bin Rashid City Dubai. The cut and bend reinforcement steel will add to the durability and timelessness and pace up the construction of Riviera said the developer. Azizi s renowned residential landmark destination in Meydan which upon its completion will comprise more than 16 000 residences spread across 71 mid-rise buildings overlooking an extensive retail boulevard a canal walk with artisan eateries and boutiques and Les Jardins a lush-green social space. COO Afzaal Hussain said: We have made it our mission to bring on board &nd...

Axalta Coating System a global player in the coatings industry has launched a new powder coating system Alesta AP QualiSteel for efficient and sustainable coating of galvanized steel. The innovative powder coating Alesta AP QualiSteel for the coating of hot dipped galvanized steel offers benefits coaters have been looking for Axalta said in a statement. Excellent degassing properties and a good flow ensure a superb surface appearance. The fast and reliable curing at low temperatures enables energy savings and an increase in productivity. Very good UV and humidity resistance according to QUALISTEELCOAT specifications provide longer life cycles of coated parts. Additionally Axalta Coating Systems new label-free and low consumption powder coatings which are available in a wide range of RAL based colours make coating more sustainable the statement said. When it come...

ArcelorMittal the world s largest steel producer has entered into a definitive agreement with Cleveland-Cliffs pursuant to which Cleveland-Cliffs will acquire 100% of the shares of ArcelorMittal USA for a combination of cash and stock. Under the terms of the agreement ArcelorMittal expects to receive an aggregate equity value consideration of 1.4 billion upon closing of the transaction. Approximately one third of the consideration is in upfront cash ( 505 million). The remaining two thirds of the consideration is in the form of equity a statement said. The deal will make Cleveland-Cliffs the largest flat-rolled steel producer in North America with combined shipments of around 17 million tonnes in 2019. The company will also be the largest iron ore pellet producer in North America with 28 million long tons of annual capacity. The combined company is expected to generate ...

One of Kuwait s largest manufacturers Kuwait Steel (United Steel Industrial Company) has said that its digital transformation with global technology company SAP is enabling new levels of manufacturing efficiency and productivity. Johan Henning CIO Kuwait Steel and SAP made the statement during the recent Digital Transformation (DX) event which brought together Kuwait s business and technology leaders. Kuwait Steel shows how business redesign digital transformation is supporting the company to achieve its vision in becoming a leader in the steel industry by investing in technology and driving change said Andy Froemmel Managing Director SAP Kuwait. Kuwait s Vision 2035 presents major opportunities for government agencies to use e-services to improve people s daily lives and help people in Kuwait to save time and money. &md...

Emirates Steel has announced its contribution to the national achievement of constructing the Barakah Nuclear Energy Plant the first peaceful nuclear facility in the Arab World. It had been a partner of the Emirates Nuclear Energy Corporation ENEC from the outset of the Barakah project some ten years ago up to the historic start-up of the first of its four reactors in early August. The Emirates Steel had supplied 160 000 tonnes equivalent to 60 per cent of the Q-class and S-class rebar material used in the construction of the plant. Besides its specialised teams worked for two years with Enec s dedicated business and industrial development team to ensure that the company s quality assurance and production processes met the stringent global nuclear standards of construction. On its contribution CEO Saeed Ghumran Al Remeithi sa...

Jindal Steel & Power Limited (JSPL) a leading Indian steel and energy company has sold its 49 per cent stake in Oman-based Jindal Shadeed Iron and Steel (JSIS Oman) to Vulcan Steel a Mauritius-based private company said a report. Jindal Steel & Power Limited (JSPL) a leading Indian steel and energy company said its Mauritius unit has sold nearly 49 per cent stake in Oman-based Jindal Shadeed Iron and Steel (JSIS Oman) to Vulcan Steel. A subsidiary of Templar Investment Limited Vulcan Steel is a Mauritius-based private limited company. The top Indian steel firm said its wholly-owned subsidiary Jindal Steel & Power (Mauritius) has sold 4 86 999 shares representing 48.99% of the share capital of JSIS Oman to Vulcan Steel in the first tranche. It aims to complete the entire sale within the specified time and terms as per the s...

Emirates Steel a leading integrated steel plant in the UAE has named Etihad Credit Insurance (ECI) the country s Federal Export Credit Company as its credit insurance partner to provide export credit protection to its global exports. Emirates Steel has signed with ECI for a comprehensive trade credit insurance package which will protect Emirates Steel against commercial risks of its customers such as insolvency payment default and political risks a statement said. Under the agreement Emirates Steel can also leverage its credit insurance policy to obtain loans from banks to further increase its funding capacity it added. Highlighting the federal export credit company s commitment to the UAE s diversified companies Massimo Falcioni CEO of ECI said: We are honoured to win this contract from Emirates Steel and are resolved to providing an outstanding level of service in line with Etihad Credit Insurance s highest s...

ArcelorMittal has announced its intention to build an electric arc furnace (EAF) steel making facility at AM/NS Calvert in Alabama. Once completed the facility will be capable of producing 1.5 million tonnes of steel slabs for the hot strip mill. It will produce a broad spectrum of steel grades required for Calvert s end-user markets. Construction is expected to take 24 months and the new facility is anticipated to create 300 additional jobs in the community the company said. Lakshmi Mittal Chairman and CEO of ArcelorMittal said: An electric arc furnace at Calvert makes strategic sense as it allows our asset to be more reactive to the local market as well as being in line with the USMCA. Furthermore it aligns with our ambition of producing smarter steels for a better world. Brad Davey CEO Arce...

China has become a net importer of steel for the first time in 11 years in June despite record daily crude steel production during the month says a report. This indicates the extent of China s stimulus-fuelled economic recovery which has supported rising domestic steel prices while other markets are still recovering from the impact of the coronavirus pandemic said Platts Breaking News report. China imported 2.48 million mt of semi-finished steel products in June comprising mainly billet and slab according to state-owned media citing China Customs data released on July 25. Added to finished steel imports it took China s total imports in June to 4.358 million mt surpassing June s finished steel exports of 3.701 million mt. This made China a net steel importer for the first time since the first half of 2009. Market sources said China s imports of semi-finish...

SSAB LKAB and Vattenfall are taking the next important step to be the first in the world with a value chain for fossil-free steel. Within the framework of the HYBRIT initiative preparations are now under way for the construction of a demonstration plant on an industrial scale and consultations have begun for deciding on placement of the plant in Norrbotten Sweden. The plan is for construction to start in 2023 with the goal of taking the plant into operation in 2025. The intention is to be able to demonstrate full-scale production with a capacity of just over one million metric tonnes of iron per year i.e. 20 per cent of LKAB s total processing capacity at Malmberget and almost half of the production capacity of SSAB s blast furnace in Luleå. The goal is to be first in the world to produce fossil-free steel as early as 2026. HYBRIT is now starting an investigation into the selection o...

Global crude steel production decreased by 13 per cent in April 2020 to an estimated 137.1 million tonnes (mt) down from 156.7 million tonnes a year earlier showed data from the World Steel Association (worldsteel) released recently. Production for the 64 countries reporting to the Worldsteel fell 6.9 per cent from March to 137.1 mt in April. March steel production fell 6 per cent to 147.1 mt in the same month a year earlier. Due to the ongoing difficulties presented by the Covid-19 pandemic many of this month s (April) figures are estimates that may be revised with next month s production update the global industry body said. Major producer China s crude steel production has started inching up the data showed. The country s steel output grew 7.6 per cent to 85 mt in April from a month earlier to produce an year-on-year increase of just 0.2 per ...

JD Fields & Company a leading US oil and gas pipeline and civil infrastructure steel products distributor has acquired Alameda Pipe & Steel Company a steel products manufacturer based in Gardena California. The purchase of the newly branded Alameda Pipe and Fab enables the 35-year-old JD Fields & Company which has long-operated as a company of two business units focusing on steel pipe for the oil and gas sector as well as steel foundation products for civil infrastructure to continue its evolution into a one-stop vertically integrated supplier and manufacturer of its own steel products. We are moving quickly to adapt to changing global dynamics so that steel products can be distributed and manufactured by one company says Jay Fields President and COO of JD Fields & Company. Our acquisition of Alameda Pipe and Fab is ...

US Steel on Friday said it plans to idle multiple furnaces and slash capital expenditures by 125 million delaying some projects to prioritise cash and liquidity in order to better serve customers said a report. The company said it will immediately idle the No. 4 blast furnace at its flagship Gary Works in Indiana to begin a planned outage that was originally planned to begin in April and last 48 days according to Platts S&P Global. The scope of the current outage has been reduced and the remainder of the Gary No. 4 blast furnace outage is being delayed US Steel stated adding that the furnace is expected to remain idled until market conditions improve. In addition US Steel is set to temporarily idle blast furnace A at its Granite City Works outside St. Louis stated the report. The move had been anticipated by mar...

German elevator maker Thyssenkrupp said it will cut up to 3 000 jobs by 2026 as part of a steel agreement reached with IG Metall the leading metalworkers union in Germany. Thyssenkrupp and IG Metall agreed firstly on an immediate Corona crisis package to deal with the pandemic and secondly on the conclusion of a collective agreement. The company regulations necessary for implementation the reconciliation of interests and the social plan were also agreed. The framework conditions for the implementation of the 20-30 steel strategy are thus in place. The agreement applies to all German steel locations of thyssenkrupp. The collective agreement will enter into force on April 01 2020 and run for 6 years until March 31 2026. Of the total of approximately 3 000 jobs around 1 000 will be cut in administration. Eight-hundred jobs are affected in the heavy plate segment. In addition around 1 200 jobs will be cut beginning i...

In response to weakening end-use market demand for steel in the wake of the global coronavirus outbreak ArcelorMittal is taking steps to scale back its North American output a spokesman for the company said. ArcelorMittal s Indiana Harbour mill has begun preparations to blow down the No. 4 blast furnace according to the company. To blow down a furnace iron and slag continues to be produced but no raw materials are added until the upper part of the BF is empty. ArcelorMittal USA plans to work with the United Steelworkers union to minimise impact on our workforce for the duration of the outage by finding available opportunities for displaced workers in other areas of our operations the company said. ArcelorMittal will continue to engage with our customers in understanding the new market realities resulting from the COVID-19 outbreak which may require additional capacity o...

Italian steel mills will have to shut down most operations under a government decree issued Sunday tightening restrictions to fight the spread coronavirus. The government has ordered the suspension of industrial and commercial activities that are not essential by March 25. Market sources said that although most mills would not be allowed to continue production some are trying to secure the requisite permission from local prefects to carry on. Unions have promised to fight such moves and say they are ready to call a huge strike to prevent plants staying open. Under the government decree continuous production cycle plants activities are permitted from which interruption results in serious damage to the plant itself but again this is subject to a greenlight from the local prefect. ArcelorMittal Italia s plant in Taranto the larges...

Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT) hosted a ceremony to celebrate its long-serving employees. The company honoured 900 staff members whose service period spanned between 10 and 27 years for their outstanding contributions to the execution of various projects that have reinforced Emirates Steel s reputation as a world-class steel manufacturer. Held at the Emirates Steel HQ in Mussaffah the event drew the participation of Engineer Saeed Ghumran Al Remeithi CEO of Emirates Steel and several department directors. Engineer Al Remeithi said: Nurturing talent is a top priority for Emirates Steel as part of its efforts to improve its production processes and sustain its impressive growth. Our people are the backbone of our success and our most valuable assets. Therefore we continue to foc...

Etihad Credit Insurance (ECI) the UAE Federal Credit Insurance Company continues to provide support to UAE steel manufacturers to expand their export business and Conares is the latest company to benefit from this. Conares is a regional major private manufacturer in the UAE annually producing 1 million tonnes of steel products including steel pipes rebars and pre-painted coils. ECI will be protecting Conares export volume by offering them international trade credit coverage solutions and ease the steel manufacturer to open new markets said a statement. The business in scope under this agreement includes exports of manufacturing and trading of steel rebar and steel pipes. This will help Conares to strategically identify potential customers in the international markets. Conares has signed up with ECI for a multi-buyer trade credit solution which will minimise the risks connected to the exports of their products to internation...

The US has imposed new sanctions on Iran s steel and metals exports Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin said at a press conference. The move comes after US President Donald Trump threatened new sanctions in response to the Iranian airstrikes earlier this week targeting US military bases in Iraq said S&P Global Platts a leading provider of information and analytics for the energy and commodities markets. The sanctions on 17 entities in the steel industry and some other shipping and trading entities including some based in the Seychelles are designed to cut off billions of dollars to Iran. A statement from the US Office of Foreign Assets Control (OFAC) lists some of the entities now to be sanctioned as Iran s largest steelmaker Mobarakeh Steel Company Al Mahdi Aluminum Company Arfa Iron & Steel Company Arfa Steel Chadormalu Mining & Industrial Co Esfahan Steel Compa...

Liberty Steel Group part of the GFG Alliance has been named preferred buyer for Bayou Steel Group the US producer of structural steel and merchant bar which ceased operation and entered administration at the end of September. Subject to completion of a 28 million deal to acquire the business Liberty has developed a plan to upgrade and modernise Bayou s idled steel mill in LaPlace Louisiana with a view to re-starting its recycling operations in the second half of 2020 and steel making operations by 2021 said a statement. The transaction is expected to close on January 31 2020 it said. Bayou adds scale to Liberty s US steel business which includes existing operations in Illinois Ohio New Mexico and South Carolina. The group is pursuing a GreenSteel strategy of focusing on renewable sources of energy and recycled materials with a view to moving towards carbon neutral steel production by 2030. &...

Emirates Steel a subsidiary of General Holding Corporation (Senaat) will highlight key industry issues at the upcoming Middle East Iron and Steel Conference in Dubai. The largest annual gathering of the steel industry in the Middle East will take place at the Grand Hyatt Hotel from December 9 to 11. The only integrated steel plant in the UAE Emirates Steel is set to play a key role at this year s Middle East Iron and Steel Conference as its Platinum Sponsor. The Emirati group s sponsorship of the event highlights its dedication to leading the regional steel industry and commitment to sharing knowledge and best practices. It will be looking to discuss with conference delegates current opportunities and challenges in a protectionist global trade context and how companies can mitigate the macro-economic headwinds impact...

Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) has signed a memorandum of understanding (MoU) with Abu Dhabi University (ADU) to develop courses and research on the metals and steel sector. The MoU will see collaboration on the development of a Bachelor s programme in metallurgy alongside on-job training at Emirates Steel and is designed to further the future of the national metals industry said a statement. The MoU which will be in effect for three academic years was signed between the CEO of Emirates Steel Engineer Saeed Ghumran Al Remeithi and the Chancellor of ADU Professor Waqar Ahmad. The agreement will see the two entities collaborate on the development of a Bachelor s Degree in Metallurgical Engineering alongside Emirates Steel providing support for research grants into metallurgic studies at ADU. Engineer Al Remeithi s...

Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) will be showcasing its range of steel products services and solutions tailored for the energy sector at the upcoming Abu Dhabi International Petroleum Exhibition & Conference (Adipec) 2019. Emirates Steel said its participation will enable it to highlight the group s offerings to customers in the wider energy sector and provide the opportunity for discussions with regional leaders in the oil and gas sector on the latest advancements in steel use within upstream midstream and downstream infrastructure development. Emirates Steel supplies products services and solutions to both onshore and maritime applications and tailored products for use in oil and gas pipelines. In the last three years Emirates Steel had sold 550 000 tonne of steel for use in the o...

Liberty Steel Group a single global company with 18 million tonnes of rolled steel capacity annually is to be launched through a consolidation of GFG Alliance s steel businesses with an ambition to lead the industry towards a carbon-neutral future. The family-owned alliance led by Sanjeev Gupta today announces that Liberty Steel Group which altogether employs 30 000 people in 10 countries will be incorporated by the end of this year through a merger of GFG s upstream and downstream steel manufacturing mining and distribution businesses around the world said a statement. Liberty Steel Group will be the eighth largest steel producer outside China with operations stretching from Australia to continental Europe the UK and the US and it will have annual sales of approximately 15 billion. Although individual businesses will retain a high degree of autonomy consolidated accounts will be produced and a united strategy wi...

Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) has received two patents from the United States Patent and Trademark Office. The patents reaffirm Emirates Steels status as an innovative leader within the regional steel industry alongside its commitment to building a culture of innovation within the UAE said a statement. The patents are a result of Emirates Steel s continued investment in its innovation capabilities in line with the company s vision to lead both the regional and international steel industry through innovative development it said. The innovations which have taken around one year each to develop will enable the company to enhance its offering of high quality steel product to customers around the world. Within the teams working on these two innovations were UAE nationals demonstrating Emirates Steel s commitment to build...

US President Donald Trump on Monday said he will double the Section 232 tariffs on Turkish steel from 25 per cent to 50 per cent as a result of the country s military actions in Northeast Syria Platts S&P Global has reported. In a statement posted to Twitter Monday afternoon Trump said he would soon be issuing an executive order increasing the steel tariffs and authorizing the imposition of sanctions against Turkey. Trump previously raised Turkey s steel tariff rate from 25 per cent to 50 per cent in August 2018 due to the devaluation of the Turkish lira and increased political tension between the countries due to the detention of US Pastor Brunson. Turkey s tariff rate on steel was later dropped back to 25 per cent in May 2019. Under Section 232 of the 1962 Trade Expansion Act the president is able to adjust the tariff level set for any country at any time they see fit said the Platts report. TradeA...

The World Steel Association has revised its 2019 short-range outlook (SRO) for steel demand higher at its General Assembly in Monterrey Mexico on Monday on the back of resilient Chinese demand. Providing an updated SRO Worldsteel had forecast global steel demand to grow by 3.9% to 1.775 billion MT compared to an earlier forecast of 1.3% or 1.735 billion MT in April reported S&P Global Platts a leading provider of information and analytics for the energy and commodities markets. Global steel demand is expected to grow by another 1.7% in 2020 to 1.805 billion MT as emerging and developing economies excluding China increase contributions it stated. Global steel demand growth will be driven by China forecast to see 7.8% growth to 900.1 million MT in 2019. The rest of the world is expected to record 0.2% growth to 874.9 million MT. The current SRO suggests that global steel demand will continue to grow in 2...

Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) has partnered with Abu Dhabi University Khalifa University and Abu Dhabi Vocational Education and Training Institute (Adveti) to organise the Regional Championship of the 14th steelChallenge on November 27. The steelChallenge is run annually by steeluniversity which is itself part of the World Steel Association (worldsteel). Emirates Steel is a silver sponsor of this year s event as part of its commitment to investing in the development of future leaders of the regional steel sector. The event will help encourage young Emirati students to consider a career in the steel industry. Emirates Steel will be assessing the performance of students taking part in the competition and will be considering offering employme...

Saudi Arabia s National Steel Company has signed a usufruct agreement with Salalah Free Zone Company (SFZ) to build the largest iron industries complex in Oman at an investment of 500 million in the sultanate. The construction work on the mega project will start in the first quarter of 2020 said SFZ in its twitter account. The new complex once completed will create 500 direct jobs and is aiming at a 150 000 tonne capacity it added. This project is a significant leap for investments in the region as the plant will use the latest technology and innovative engineering designs that will help in reducing the construction cost up to 20 per cent and project time up to 50 per cent in steel related products remarked Ali Tabouk the chief executive of SFZ after signing the deal with Sheikh Ahmed Al Shahin the chairman for National Steel Company Complex in Riyadh. Sixty-five per cent of the factory&r...

Steel Wood Industries (Dubai Ranch) has launched a revolutionary-new wood-type of environmental-friendly composite wood material SDB (Steel Wood Density Board) which is now added to the database of APA the engineered wood association. After months of testing international standard cross-checking and cooperation between APA and SWI SDB is now introduced as a new wood type due to The environmental eminence SDB acquires along with the uniqueness in the selectiveness of the raw material combined with the supremacy on the mechanical and physical features as quoted by APA. Steel Wood Density Board (SDB) by definition is an environmental-friendly composite-wood material that is made up of 100 per cent post-consumer recycled random mix wood species (including SDB waste panels (excluding for MDF). Trees are not to be cut to manufacture SDB as the raw material need 100 per cent unusable wood residues and w...

Luxembourg-based Tenaris a leading global supplier of steel tubes and related services said that its CEO and chairman Paolo Rocca recently participated and spoke on the panel of the first Saudi Iron & Steel Conference in Riyadh Saudi Arabia. Speaking on the panel themed Saudi s Potentially Pivotal Role in Global Steel he focused on the considerable investment into steelmaking and the processing capacity recently seen in Saudi Arabia as the country focuses on becoming more self-sufficient said a statement. The two day conference organised by Saudi Arabia s National Committee for Steel Industry saw a large gathering of global industry leaders attend exhibitions and workshops about the transformation of the Kingdom s economy and opportunities for its steel industry. During his speech Rocca tackled three major points required to develop the industrial sector in Saudi Arabia: Firstl...

The GCC steel producers should shift their focus towards the manufacturing industry as the manufacturing base will continue to grow in the coming years said Engineer Saeed Ghumran Al Remeithi chief executive officer Emirates Steel. Emirates Steel is the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat). Engineer Al Remeithi highlighted the importance of the GCC market to the global steel industry alongside discussing the sector s ongoing challenges and opportunities at the first Saudi International Iron and Steel Conference which was held in Riyadh Saudi Arabia. He participated in the conference 2nd session titled Middle East and North Africa Steel Outlook said a statement. The conference brought together professionals from across the GCC to discuss the status of the current regional steel market. Emirates Steel is a Rhodium sponsor of the confe...

The GCC steel producers must shift their focus to the manufacturing sector as that sector will continue to grow in the coming years said Engineer Saeed Ghumran Al Remeithi the CEO of Emirates Steel the only integrated steel plant in the UAE. This means that the current situation where the GCC steel industry is focused on the construction sector should be changed. We need to create further opportunities for downstream manufacturing industries in order to stimulate steel s demand in the region remarked Al Remeithi. He was addressing delegates assembled for the debut Saudi International Iron and Steel Conference in Riyadh Saudi Arabia. We believe that GCC governments have put the infrastructure in place both in terms of industrial zones and transport investment and also regulations to support downstream manufacturing industries stated Al Remeithi while participating in the second session of the ...

Colombia-based Fanalca a garbage truck manufacturer makes solid waste collection equipment and containers using Hardox wear plate and Strenx performance steel produced by SSAB SSAB is a Nordic and US-based steel company. We began large-scale production last year when we got a tender for the city of Bogotá where we delivered 100 garbage compactors said Diego Reyes sales manager at the environmental and bodywork unit of Fanalca. Fanalca became a Hardox In My Body customer program member in 2017 because the company wanted to get the most out of its collaboration with SSAB. The garbage trucks new lighter design allows Fanalca s customers to increase their revenue because they can collect more garbage on each round. The hard-wearing SSAB steel products also offer other positive outcomes and increase replacement time by 100 percent. Having the Hardox In My Body sign on our products shows that we...

Tata Steel has announced the closure of a manufacturing plant in southern Welsh city of Newport said a report. Henrik Adam CEO of Tata Steel s European operations said that continuing to fund substantial losses at Orb Electrical Steels is not sustainable at a time when the European steel industry is facing considerable challenges said an ANI report. Tata Steel has clinched the sale of a Canadian and Swedish plant as part of its worldwide Cogent Electrical Steels division. But despite exploring all options the company has been unable to find a way forward for the Orb Electrical Steels plant added the ANI report. Up to 380 jobs could go although Tata hopes to offer jobs elsewhere in Wales said a BBC report. The factory which makes electrical steel used in power transmission was put up for sale in May 2018 with Tata wanting to concentrate on its core steel business. Adam was quoted as saying that...

Japan-based Nippon Steel Corp a leading steelmaker revealed that it looks to raise product prices and boost productivity by streamlining its manufacturing structure to help shore up faltering earnings said a report. Softening global steel demand for automobiles and machinery amid a prolonged US-China trade row and higher raw materials costs battered the latest round of quarterly earnings at Japan s steelmakers forcing many to cut their annual earnings forecasts a senior executive told Reuters. The world s third-biggest steelmaker Nippon Steel forecast a 56 per cent drop in business profit in the year through March 2020 as surging iron ore prices and slumping demand in Asia erode its margins. Speaking during an interview with Reuters Nippon Steel executive vice president Katsuhiro Miyamoto said that the steel demand is weakening this quarter especially overseas and is expected to deteriorate later this year. ...

The Indian Steel Association s move to get the government to impose a 25 per cent safeguard duty on steel imports has been turned down several sources belonging to the ISA were quoted as saying by S&P Global Platts. An official at ISA said that the mail from the Directorate General of Trade Remedies (DGTR) was received by their lawyer late on August 20. The DGTR which falls under India s Ministry of Commerce and Industry deals with anti-dumping countervailing duty and safeguard measures added the report. The association sought the duties to restrict cross dumping of products after the US and the EU established tariff and quota limits. Also the association said imports are rising in India due to an ongoing tariff dispute between the US and China. Indian mill sources had told Platts they were asking the government for a suo-moto action in the form of provisional safeguards duty to the tune of 20 per cent -...

The UK government plans to step up support to the country s steel industry via procurement of steel for new infrastructure projects identification of domestic market opportunities worth 3.8 billion ( 4.6 billion) annually and helping businesses with high energy use to cut their bills reported S&P Global Platts citing the Department of Business Energy & Industrial Strategy (BEIS) statement. BEIS s research shows that significant opportunities exist in this sector with domestic market opportunities for the UK steel sector that could be worth an additional 3.8 billion per year by 2030 a Department spokesman said in response to questions posed to new Prime Minister Boris Johnson on his strategy for steel. Many industrialists have expressed concerns that a UK exit from the European Union without a deal could be harmful for the country s steel secto...

Oyak the biggest complimentary pension fund in Turkey said one of its units Ataer Holding has signed an exclusivity agreement to buy British Steel as part of its regional growth ambitions in the steel industry. A major player in the EU region British Steel went into compulsory liquidation on May 22. The company boasts about 3 million MT annual production capacity in the UK France and the Netherlands. The handover of the crisis-hit company is likely to take place by the year end it stated. On the acquisition Oyak General Manager Süleyman Savas Erdem said: We believe in the importance of merging world league players into our group. Accordingly we have achieved one of the biggest achievements of the Turkish steel industry and signed a preliminary agreement to buy the industrial giant of UK British Steel. We will continu...

The European Commission has reduced the planned increase in tariff-free steel quotas to 3 per cent from 5 per cent across all product categories noting that 2018 was a record year for shipments to the EU said S&P Global Platts in a new report. The announcement published on the EC website followed a review of market safeguard measures imposed February 2. EC stated that this less-pronounced liberalization means that the total quotas available during the third period will be limited to 31.6 million tonnes i.e. 1.5 million tonnes below the distorting 2018 record. Moreover this adjustment will fully preserve the liberalisation effect because the total quotas during the second year would be 31 million tonnes and so are about one million tonnes more than the level of imports measured during 2017. For hot-rolled coil (category 1) the EC in both volume and origin terms will also establish a limitation of 30 per cent ...

Liberty Steel part of Sanjeev Gupta s global GFG Alliance has completed the acquisition of seven major steelworks and five service centres across seven European countries from ArcelorMittal. The 740 million ( 838.54 million) deal makes Liberty Steel one of the top 10 producers globally excluding China with a total rolling capacity in excess of 18 million tonnes covering a wide range of finished products. This is the largest single transaction undertaken by GFG and brings the Alliance s worldwide workforce to nearly 30 000 across 30 counties. The seven sites which today became part of Liberty employ over 14 000 people and include the major integrated steel works at Ostrava in the Czech Republic and Galati in Romania as well as rolling mills at Skopje (North Macedonia) Piombino (Italy) Dudelange (Luxembourg) and two plants near Liege in Belgium. The service centres are based in France and Italy. br ...

Tenaris a leading supplier of tubes and related services for the world s energy industry and other industrial applications has announced that it will rebrand Saudi Steel Pipes (SSP) a welded pipe producer in Saudi Arabia to TenarisSaudiSteelPipes. The decision follows the integration of SSP into the global commercial and industrial network of Tenaris after the latter announced the closing of its acquisition of 47.79 per cent of the shares in SSP on January 21. Mariano Armengol managing director and chief executive officer of TenarisSaudiSteelPipes said: The rebranding symbolises the official integration of Saudi Steel Pipe with Tenaris marking an important step in our commitment to further expand our footprint and capabilities in the kingdom. The new brand builds on the strengths and good reputation that both companies have built over time in the kingdom he added. With a complete portfolio...

Commvault a global leader in enterprise backup recovery and data management has announced that UAE-based Emirates Steel has implemented Commvault HyperScale to support its digitalisation ambitions and safeguard its manufacturing operations. Headquartered in Abu Dhabi Emirates Steel is wholly government-owned. At full capacity its 11 plants produce 3.5 million tonnes of steel products such as sheets beams and reinforced bars every year for the construction industry. The company s digitalisation efforts include moving its SAP modules to the cloud through Microsoft public cloud solutions said a statement. Mohammed Azam IT infrastructure head at Emirates Steel said: Backup was a challenge with underlying technology scattered across different environments and running on aging Dell hardware. I initially liked Rubrik s simple interface but realised at the Commvault GO event that Com...

Applications are now being accepted for the Swedish Steel Prize 2019 the steel industry s most prestigious award which celebrates its 20th anniversary this year. The Swedish Steel Prize is an award for ideas and products that have an impact on future steel solutions and it attracts competitors from across the world. It will be awarded on November 14 2019 in Stockholm Sweden as part of the Swedish Steel Prize 2019 event. Applications are now being accepted. This year marks the 20th anniversary of the Swedish Steel Prize. Over the past two decades the award has inspired creative engineers designers and inventors to utilize the endless potential of steel to change our world for the better. The Swedish Steel Prize is open to any individual company or institution and is awarded to the method or product that best displays how the properties of the chosen grade of steel has contributed to a significant innovation. ...

ArcelorMittal plans to expand steel production cuts in Europe to its plants in Dunkirk France and Eisenhuttenstadt Germany over the fourth quarter said a report. The latest reduction comes after ArcelorMittal said it will cut 80 000 mt of steel coil production at its Asturias plant in Spain in July added the S&P Global Platts report. In early May the company announced a reduction of primary steel production in Asturias citing an unprecedented rise in imports from outside the EU amid high energy prices. The cuts followed an early-May announcement by the company to cut 3 million mt of steel production in 2019 when it revealed a temporary stoppage at Kraków Poland and reduced production in Asturias. Details about the latest cuts were not disclosed by the company. Geert van Poelvoorde chief executive officer of flat products at ArcelorMittal Europe said: The company wi...

British Steel the country s second largest steel producer is set to be placed into an insolvency process putting 5 000 jobs in the UK at risk and endangering 20 000 in the supply chain reported BBC. British Steel employs around 5 000 people mostly in Scunthorpe in the north of England while 20 000 more depend on its supply chain. The compay is on the brink of collapse unless the government agrees to provide an emergency 30 million ( 38 million) loan reported Reuters citing two sources. British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will be paid in full for May. The government s official receiver will take control of the company as part of the insolvency process stated the BBC report. Accountancy firm EY will take on the role of Special Manager and attempt to find a buyer for the busin...

British Steel the country s second largest steel producer is set to be placed into an insolvency process putting 5 000 jobs in the UK at risk and endangering 20 000 in the supply chain reported BBC. British Steel employs around 5 000 people mostly in Scunthorpe in the north of England while 20 000 more depend on its supply chain. The compay is on the brink of collapse unless the government agrees to provide an emergency 30 million ( 38 million) loan reported Reuters citing two sources. British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will be paid in full for May. The government s official receiver will take control of the company as part of the insolvency process stated the BBC report. Accountancy firm EY will take on the role of Special Manager and attempt to find a...

Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) has signed a strategic deal with the Finnish company Ecofer Technologies. The agreement due to take effect in 2020 will provide Emirates Steel with sustainable slag management services for the next 10 years in line with the company s long-term commitment and objective of eventually producing zero waste. Under this new agreement Ecofer will process slag from Emirates Steel s electric arc furnace and ladle furnace stated Emirates Steel s CEO Engineer Saeed Al Remeithi after signing the deal with Ecofer Technologies Managing Partner Ismail Fahmy at the company s headquarters in Abu Dhabi. The slag which will be crushed down to one to five millimeter granules will be sold as raw product for the construction industry after any remaining metals have been extracted from the slag. ...

Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) has launched its fourth annual CSR initiative on the occasion of the Holy Month of Ramadan titled We Give You Smile . As part of the company s commitment to families and communities in the UAE 60 volunteers from across Emirates Steel distributed over 500 Ramadan supply parcels containing basic food items to around three hundred families in need in Abu Dhabi Dubai and Al Ain. First launched in 2016 the initiative under the company s ongoing corporate social responsibility programme following the example of the late Sheikh Zayed bin Sultan Al Nahyan and underlining Emirates Steel s commitment to strengthening local communities through meaningful approaches to social challenges. Engineer Saeed Ghumran Al Remeithi chief executive officer of Emirates Steel said: Ramadan is a ...

The US has reduced the Section 232 tariff on Turkish steel back to 25 per cent from 50 per cent while terminating Turkey s preferential trade treatment that allowed some exports to enter the country duty-free said a report. The White House last week issued a statement revealing that the US has reduced the tariff on Turkish steel which was doubled last August to 25 per cent again according to report by S&P Global Platts from informed Turkish industry sources. It has also terminated Turkey s eligibility to participate in the General System of Preferences (GSP) programme based on its level of economic development it said. The decisions were effective from May 17. Turkish industry sources have generally welcomed the US decision saying it will have positive effects on Turkish mills export volumes and prices added the report. ...

Bahrain s Electricity and Water Affairs Minister Dr Abdulhussain Mirza recently received senior officials from Yoko Steel Company and discussed the company s activities in recycling iron waste and converting it into usable products said a report. Mirza received Yoko Steel Company s chief executive officer Ali Al Musallam and its executive director Mohammed Al Musallam added the Bahrain News Agency report. The minister praised the contribution of Yoko Steel Company to the development of Bahrain s industrial sector. The visitors reviewed their latest projects and activities in Bahrain in the field of iron production and putting some of the requirements that the factory needs to improve its production and development to meet the needs of the local market it said. They said they will endeavour to continuously develop their business for the progress and prosperity of Bahrain added the report. ...

Two greenfield steel projects are due to come on stream in Sohar and Salalah over the next two years in Oman giving a boost to the manufacturing and construction sectors of the economy said a report. Moon Iron and Steel Company (Misco) and Raysut Steel Industries are both making headway in the construction of modern steel mills in Sohar Industrial City and Raysut Industrial City respectively added the Oman Daily Observer report. The government s Implementation Support & Follow-up Unit (ISFU) part of the Diwan of Royal Court has played a key role in smoothing the way in their expeditious completion. Both ventures are among a large portfolio of manufacturing-related projects and initiatives identified by Tanfeedh (The National Programme for Enhancing Economic Diversification) as key to accelerat...

Bahrain Steel has announced that it has signed a 20-year agreement with Anglo American Marketing Limited (Anglo American) for the supply of pellet feed for its pelletising plants located in Hidd region of the kingdom. Anglo American is a leading global mining organisation with operations in various parts of the world producing iron ore diamonds platinum group metals copper nickel coal and manganese and employing 90 000 people. The contract which is valued at worth 15 billion over its duration and will reach a total of 8 million wet metric tonne a year provides Bahrain Steel with approximately 60% of its expected needs for pellet feed at its annual rated capacity of 12 million tonne of finished pellets. This contract is a significant milestone in its strategy to maintain full production capacity and the uninterrupted delivery of high quality iron ore pellets to steel ...

Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) has reaffirmed its commitment to developing and implementing best practices in health and safety while today (April 28) celebrating World Steel Safety Day. During the week the company will welcome local and international organisations to exhibit their innovative health and safety solutions and foster dialogue with employees on how to ensure the highest international standards of workplace safety are maintained across Emirates Steel s facilities said a statement from the company. The World Steel Safety Day celebration come roughly a year after the group s implementation of the Aman Safety Excellence Programme developed in partnership with Dupont Sustainable Solutions the global leader in safety and process safety management it said. The programme aims to mitigate key risks in day-to-day operations rai...

The global steel demand will reach 1 735 million tonnes (mt) in 2019 an increase of 1.3 per cent over 2018 according to a report by World Steel Association (worldsteel) the international trade body for the iron and steel industry. Worldsteel headed by Engineer Saeed Ghumran Al Remeithi chief executive officer of Emirates Steel and chairman of the worldsteel Economic Committee released its Short Range Outlook (SRO) following its bi-annual meeting in Madrid Spain. In 2020 it forecasts global steel demand growing by 0.9 per cent to reach 1 752 mt. Engineer Al Remeithi said: In 2019 and 2020 global steel demand is expected to continue to grow but growth rates will moderate in tandem with a slowing global economy. Uncertainty over the trade environment and volatility in the financial markets has not yet subsided and could pose downside risks to this forecast. In 2018 global steel demand increased by 2...

Bahrain Steel a leading producer of iron ore pellets and a 100-per-cent-owned company of the Bahrain-based Foulath Holding is planning to double its output over the next 10 years. Bahrain Steel operates two pelletising plants in the kingdom making it a leading producer of iron ore pellets used in the production of steel. Last year (2018) the company passed the milestone of having produced 100 million tonnes of pellets since its inception in 1989. We are forecasting a major increase of production by Bahrain Steel this year Khalid Al Bassam chairman of Bahrain Steel and its parent company Foulath Holding said at a conference commemorating the company s 30 years of production. Thirty years of production is an important celebration for Bahrain Steel.This milestone represents not only what we have achieved over the past three decades but also ou...

Emirates Steel a leading steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) held an event for its employees at its headquarters in Abu Dhabi celebrating the International Day of Happiness. The activities are the result of Emirates Steel s commitment to ensuring a safe productive and inspiring workplace environment for all those who work for the company said a statement. Close to 1 000 employees participated in games and a wide range of activities in addition to enjoying various selections of food trucks stationed in celebration of the International Day of Happiness which occurs annually on March 20. Additionally and within the activities of the day several employees took part in raffle draws that included prizes vouchers and one night stays in world renowned hotels. Emirates Steel s chief executive officer Engineer Saeed Ghumran Al Remeithi said: We pride ours...

Siemens in a new step towards digitalising the future of Egyptian industry has signed a contract with Al Ezz Dekheila Steel Company Alexandria (EZDK) to deploy its leading digital industrial solutions across EZDK s diverse steel production assets. Under the agreement Siemens will provide EZDK with Siemens Drive Train Analytics system (DTA) along with medium voltage motors marking the first deployment of DTA in the Middle East. To maintain its leading competitive position as one of the largest steel producers in the Middle East region EZDK is working to leverage the opportunities offered by digitalisation and innovations in data analytics and automation to strengthen the company s position and pave the way for developing new technologies and products said a statement. Sayed Ibrahim direct reduction division director EZDK said: Egypt is looking into the deployment of new technology and digitalizin...

Ras Al Khaimah has set a new Guinness World Record for building the world s longest steel bridge Shamal Steel Arch bridge spanning a length of 32.37m. The former record was in the name of Poland for its 26-m-long bridge. A steel arch bridge in the Shamal Ras Al Khaimah has set a Guinness World Record as the world s longest steel bridge spanning a length of 32.37m. The former record was in the name of Poland for its 26-m-long bridge. The bridge which can handle 2 000 vehicles per hour has several other economic advantages compared to concrete bridges including a life expectancy of up to 104 years without any maintenance and the ability to bear all loads and weights. The arched steel structures are corrugated iron sheets that are executed after the design according to the project requirements. The sheets are then manufactured coated and plated in the factory. The plates and accessories are transported in containers. br /...

Saudi-based Al Yamamah Steel Industries Company has announced that work is progressing steadily on its solar power systems factory and will start the commercial operation as per schedule during the second quarter of 2019. A leading player in the region Yamamah Steel is engaged in production and selling of steel welded tubes steel sheets steel reinforcement bars and three dimension space structures to serve buildings and infrastructure sector. The factory will produce and deliver the steel structure system that will be used in the tracking system of CSP (Concentrated Solar Plant) in Dubai Solar Park Project - Phase IV said the company in its filing to the Saudi bourse Tadawul. The 106.7 million CSP plant supply deal was inked with a leading Spanish company Europea de Construcciones Metalicas recently it stated. The contract is for a period of four years and delivery will start from September this year for the next 26...

Emirates Steel a leading integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) has signed a memorandum of understanding (MoU) with Abu Dhabi Vocational Education & Training Institute (Adveti). The MoU establishes a framework for cooperation and collaboration between the two entities with the aim of enhancing the education services available in Abu Dhabi in line with Abu Dhabi 2030 Vision said a statement from the company. Engineer Saeed Ghumran Al Remeithi CEO of Emirates Steel said: We are committed to developing the next generation of Emirati industry leaders. Through this agreement with Adveti we look forward to establishing a long-term partnership based upon areas of mutual interest and contributing to the creation of innovative training programmes that prepare talented UAE Nationals for a wide variety of positions within the UAE s growing industrial sec...

Global crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 146.7 million tonnes (mt) in January 2019 a 1.0 per cent increase compared to January 2018. China s crude steel production for January 2019 was 75.0 Mt an increase of 4.3 per cent compared to January 2018 said a statement from worldsteel. India produced 9.2 Mt of crude steel in January 2019 down 1.9 per cent on January 2018 it said. Japan produced 8.1 Mt of crude steel in January 2019 down 9.8 per cent on January 2018. South Korea s crude steel production stood at 6.2 Mt down 1.5 per cent on January 2018 it added. In the EU Italy s crude steel production for January 2019 was 2.0 Mt down by 3.6 per cent on January 2018. France produced 1.2 Mt of crude steel in January 2019 a decrease of 9.7 per cent compared to January 2018. Spain produced 1.2 Mt of crude steel in January 2019 an increa...

Abu Dhabi-based Emirates Steel has achieved Dh7.5 billion ( 2.04 billion) in revenue in 2018 an increase of 15 per cent as compared to Dh6.6 billion ( 1.8 billion) in 2017. Emirates Steel is the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat). In addition Emirates Steel has delivered an incredible 44 per cent increase in earnings before interest tax depreciation and amortization (EBITDA). EBITDA in 2018 reached Dh1 billion ( 272.23 million) as compared to Dh678 million ( 184.57 million) in 2017 said a company statement. Also Emirates Steel reduced its debt to equity ratio by 9 per cent from 56 per cent in 2017 to 47 per cent in 2018 it said. During an annual media briefing held today at Emirates Steel s headquarters Engineer Saeed Ghumran Al Remeithi chief executive officer of Emirates Steel said: Despite the challenges faced by the metals and steel indus...

Universal Rolling (Unirol) Bahrain s high-quality reinforcement Steel Plant will be leading the Metal and Steel sector at the upcoming Gulf Construction Expo the Northern Gulf s showcase for the building and construction sector. Gulf Construction Expo will be held under the patronage of HRH Prime Minister Prince Khalifa bin Salman Al Khalifa from April 23 to 25 at the Bahrain International Exhibition and Convention Centre said the event organisers Hilal Conferences & Exhibitions (HCE). Unirol is established as a leading supplier of construction steel in Bahrain and the GCC. We will be taking the opportunity at Gulf Construction Expo to showcase our range of products which are being produced by our newly upgraded and fully automated production facility remarked Ali Der the operations director of Unirol. All our products are manufactured to the exact quality assurance set by UK Cares he stated...

Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) has signed a marine services agreement with Abu Dhabi Marine Services (Safeen) a subsidiary of Abu Dhabi Ports. The strategic agreement is valued at Dh1 billion ( 272.24 million) according to a statement. The agreement was signed by the chief executive officer of Emirates Steel Engineer Saeed Ghumran Al Remeithi and Captain Mohamed Juma Al Shamisi chief executive officer of Abu Dhabi Ports in the presence of Captain Adil Banihammad acting chief executive officer Marine Services Abu Dhabi Marine Services Safeen and a number of senior officials and engineers from both parties. The agreement which will be implemented in January 2021 and will extend over the following 10 years is the result of Emirates Steel s commitment to both providing high quality products and optimising its supply cha...

Hormann a leading industrial commercial and residential door manufacturer said its new factory in Jebel Ali Free Zone (Jafza) has started rolling out steel fire rated hinged doors to meet demands from Middle East customers. Hormann opened its new 4 800 sq m production line in Jafza in the last quarter of 2018. With a capacity to produce 35 000 doors a year the new facility redefines Hormann s operations in the region said a statement from the company. Hormann s steel hinged doors are designed to protect property and life in the event of a fire. The door serves as a fire and smoke barrier. Studies have shown that more people have lost lives due to smoke asphyxiation than due to fire. Though serving as regular doors at all times the doors provide ready egress from a fire area during a fire inhibit spreading of fire and protects life and property by reducing smoke hazards. Designed to meet the life-...

Luxembourg-based Tenaris a leading supplier of tubes and related services has closed its previously-announced acquisition from a private group of 47.79 per cent of the shares of Saudi Steel Pipe Company (SSP). SSP is a welded steel producer listed on the Saudi stock market for a total amount of SR529.8 million (approximately 141 million). SSP s facilities are located in the Eastern Province of Saudi Arabia and have a manufacturing capacity of 360 000 tonnes per year. The company which started its operations in 1980 and serves energy industrial and commercial segments is qualified to supply products with major national oil companies in the region including Saudi Aramco. Tenaris will begin consolidating SSP s results from January 21 and together will have more than 1 000 employees in Saudi Arabia. Tenaris has been serving the Saudi market for decades and the combined portfolios coupled with the strengt...

Global crude steel production has reached roughly 1.81 billion metric tonne in 2018 up 4.6 per cent compared to the previous year said the World Steel Association in its latest report showing a rate of increase substantially higher than expected levels of global economic growth for the year. Production grew in all regions in 2018 except the European Union which saw a 0.3 per cent contraction worldsteel said. The rate of increase was however slightly lower than the 5.5 per cent global crude steel production growth registered in 2017 over 2016 levels. Asia produced 1.27 billion mt of crude steel in 2018 an increase of 5.6 per cent compared to 2017. China s crude steel production in 2018 reached 928.3 million mt up by 6.6 per cent on 2017. China s share of global crude steel production increased from 50.3 per cent in 2017...

European member states as widely expected have backed the European Commission s plan to impose definitive safeguard measures on imports of steel reported S&P Global Platts. The European Commission will now finalise the procedure so that the definitive measures can enter into force on February 4. European member states made no changes to the previous provisional measures sent to the World Trade Organisation. The European Commission notified the WTO of its plan before Christmas and made it publicly available on January 4 stated the report. Provisional safeguard measures have been in place since July last year and were set to expire on February 4. The new measures will remain in place until July 2021 it added. These measures are intended to shield European steel producers following the trade diversion of steel into the European Union (EU) market from other producers around the world as a result of the unilate...

India s biggest steelmaker Tata Steel is in talks to sell its assets under NatSteel in Singapore Thailand and Vietnam to China s number two steel producer HeSteel Group reported S&P Global Platts citing industry sources familiar with the matter. The assets under discussion include its Singapore unit which operates the city state s sole electric arc furnace integrated with downstream long steel re-rolling mills and NatSteelVina a 200 000 mt a year rebar and wire rod mill in Hanoi Vietnam one of the sources said. It may also sell its Thai operations he added. NatSteel in Thailand owns Siam Industrial Wire which operates a 200 000 mt/year pre-stressed concrete steel strand and wire plant and TSN Wires a zinc-aluminum coated products joint venture with Nichia Steel Works. The companies are in discussion NatSteel President and CEO Ashish Anupam told S&P Global Platts ...

Emirates Steel a leading integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) has finalized a 400 million loan refinancing deal. The deal will enable the company to accelerate deleveraging increase financial flexibility simplify its debt structure and fund its growth plans a statement said. The new financing replaces Emirates Steel s outstanding secured debt with a corporate financing structure reflecting the established nature of the company. The loan facility has a tenure of four years and is structured as an unsecured amortizing term loan. The successful issuing of 300 million by Senaat which recently listed on the Abu Dhabi stock market as the first-of-its-kind dual listing between ADX and the London Stock Exchange has strengthened the position and ability of Emirates Steel to complete a loan refinance by obtaining preferential refinancing options based on a Sharia compl...

Emirates Steel the only integrated steel plant in the UAE will be sharing insights on steel market trends at an upcoming industry event in Dubai UAE. A subsidiary of the General Holding Corporation (Senaat) Emirates Steel is also the platinum sponsor for the 22nd Middle East Iron and Steel Conference (MEIS) which will kick off on December 10 at the Grand Hyatt Hotel. The three-day event will bring together 800 iron and steel professionals from across the Middle East and North Africa (Mena) region to Dubai. Duuring the event the Emirati group will be showcasing its unique product range which is accredited by the American Society of Mechanical Engineers as nuclear grade steel. The company s pavilion at the conference will allow participants to see the range and quality of its products designed to meet the highest international...

London-based GFG Alliance an international group of businesses yesterday (November 3) revealed that its Liberty Steel USA subsidiary will buy US longs maker Keystone Consolidated Industries (KCI) for 320 million said a report. KCI and its subsidiaries consist of a 1.1 million mt capacity electric arc furnace operation and diverse lines of high-quality value-added steel including welded wire reinforcement mesh agricultural wire fence (RedBrand products) pre-stressed concrete strand MBQ/SBQ bar and coiled rebar said an said S&P Global Platts report. When the deal is completed expected by the end of the year the enlarged Liberty Steel USA will have up to 1.8 million mt/year of EAF melting capacity with significant value-added downstream businesses with over 1 300 employees and operations in Georgia Illinois New Mexico Ohio South Carolina and Texas. Sanjeev Gupta executive chairman of GFG Alliance and Liberty Steel said...

Abu Dhabi-based Emirates Steel the only integrated steel plant in the UAE will be showcasing its unique steel product range which caters to the construction and building industries at the upcoming Big Five International Building and Construction Show 2018 in Dubai UAE. The show is being held at the Dubai World Trade Centre from November 26 to 29 and will bring together over 2 600 exhibitors from 64 nations across the world to Dubai. Emirates Steel will be attending the event for the eight year demonstrating its continued commitment to the regional construction sector and its suppliers within the industry said a statement from the company a subsidiary of the General Holding Corporation (Senaat). Engineer Saeed Ghumran Al Remeithi chief executive officer of Emirates Steel said: Our continued participation at the conference highlights our dedication to the manufacturing of high-quality steel products alongside being an i...

State-backed Fujian Sangang Group of China purchased iron- and steel-making capacity from a bankrupt plant in western China the company said. The purchase will allow the company to expand its capacity a Reuters report said. Fujian Sangang will pay 1.81 billion yuan ( 260.71 million) for 1.22 million tonnes of iron-making and 1.35 million tonnes of steel-making capacity located at a plant owned by Laiwu Steel Co in China s northwestern province of Xinjiang the company said. ...

Abu Dhabi-based Emirates Steel the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat) is showcasing its steel product range which is uniquely suited to meet the requirements of the oil and gas industry at the ongoing the Abu Dhabi International Petroleum Exhibition & Conference (Adipec) 2018. The event being held under the patronage of HH Sheikh Khalifa bin Zayed Al Nahyan President of the UAE kicked off on November 12 and will run until November 15 at the Abu Dhabi National Exhibition Center. Emirates Steel s participation in the event for the fourth consecutive year is a reflection of Adipec s status as the largest oil and gas event in the Middle East. Engineer Saeed Ghumran Al Remeithi chief executive officer of Emirates Steel said: Our consistent participation at Adipec is a result of our commitment to becoming a leader in the manufacturing of high-qual...

Tata Steel a leading global steel company has announced its ambition to become a carbon neutral producer of steel to the oil and gas industry from 2050. The company revealed its ambition to the global oil and gas community at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) which is being held in Abu Dhabi UAE from November 12 to 15. Tata Steel s vision will be to develop breakthrough technologies and nurture innovations which have the potential to change the way steel is produced for the industry said a statement from the company. Barry Rust marketing manager energy and sustainability Tata Steel said: Our company is already one of the world s most CO2-efficient steel companies. During the last 30 years we have reduced our CO2 emissions per tonne by about 20 per cent but our ambition is to continuously improve our production processes and efficiencies to become a carbon-neutral steelm...

Fujairah Terminals an operational arm wholly-owned by Abu Dhabi Ports has signed a MoU with United Steel Industries a premier manufacturer of rebars rods and wire coils thus reinforcing its commitment to the UAE business community. The agreement supports the handling of the company s import and export shipments through Port of Fujairah and means that Fujairah Terminals will facilitate all required logistics support for the company said a statement from the firm. The MoU was signed by Ahmed Al Mutawa chief executive officer of Fujairah Terminals and Mamed Magomadov partner at United Steel Industries. The partnership enables USI to benefit from the Fujairah Terminals strategic location and platform to efficiently access the region it added. Al Mutawa said: Our continued collaboration with USI stems from our commitment to consistently play a vital role in supporting the economic and social...

Emirates Steel the only integrated steel plant in the UAE has signed a four-year (2018-2021) high-value contract with Brazil-based Vale a leading producer of iron ore and pellets to supply iron ore pellets for its steel plant in Abu Dhabi. Emirates Steel and Vale have a long-standing business relationship that commenced in 2007 and has through this four-year contract strengthened into a strategic partnership. Emirates Steel has an iron ore pellet requirement of around 6 million tonnes per year said a statement. The agreement was signed by Saeed Ghumran Al Remeithi chief executive officer of Emirates Steel and Peter Poppinga executive director Vale during an official meeting held at the Emirates Steel office in the presence of senior officials from both companies it said. Al Remeithi said: The agreement with Vale comes in line with our company s strategy which aims to secure flexible source of iron o...

The world s first 3D-printed steel bridge created by Dutch robotics company MX3D mathematicians from The Alan Turing Institute and Arup is completed and will be installed across a canal in Amsterdam next year a report said. The bridge has already been on display during the Dutch Design Week that took place from October 20 to October 28 reported 3ders.org . Since 2015 Dutch designer Joris Laarman has been working with the robotic manufacturing technology start-up to build this ambitious 12-metre-long pedestrian bridge project. Now nearly four years after he started the project the bridge is fully printed and ready to start its final installation in Amsterdam s De Wallen red-light district. We hope it will be installed in summer. We just started the permit process as we have now all the positive results from the tests MX3D was quoted as saying in the report. The city just started...

The global steel demand will reach 1 657.9 million tonnes in 2018 an increase of 2.1 per cent over 2017 a World Steel Association (worldsteel) report said. In 2019 it is forecasted that global steel demand will grow by 1.4 per cent to reach 1 681.2 million tonnes. Worldsteel is a non-profit organisation based in Belgium with more than 170 members representing 85 per cent of the world s steel production. Worldsteel headed by Saeed Ghumran Al Remeithi Emirates Steel chief executive officer and the chairman of the worldsteel economic committee released its Short Range Outlook (SRO) during its bi-annual meeting Tokyo Japan. Commenting on the outlook Al Remeithi said: In 2018 global steel demand continued to show resilience supported by the recovery in investment activities in developed economies and the improved performance of emerging economies. Demand for steel is expected to remain positive into 2019.&...

British-owned Liberty part of Sanjeev Gupta s global GFG Alliance has announced a conditional agreement to buy four European steel plants. In a landmark transaction that would take Liberty s total rolling capacity to over 15 million tonnes a year the group has made a binding offer to buy ArcelorMittal s major integrated works at Galati in Romania and Ostrava in the Czech Republic along with rolling mills at Skopje in Macedonia and Piombino in Italy said a statement. Through this agreement the company would employ more than 12 500 people; put itself at the heart of the continent s steel industry and cements its global role in the sector it said. The deal is subject to approval by the European Commission and other local processes including the conclusion of information consultations with local and European Works Councils it said. Adding these major steel hubs more than doubles Liberty s...

Over 30 senior officials of the G20 Global Forum on Steel Excess Capacity are meeting on Thursday in Paris to discuss collective solutions to the global challenges faced by the steel industry. Over the course of the meeting which will be held at the headquarters of the Organization for Economic Cooperation and Development (OECD) in Paris ministers and senior officials from G20 and OECD countries will look to address steel excess capacity in global markets increasing information sharing and cooperation and implementing effective measures to comply with the forum s recommendations adopted under the German G20 presidency. Taking place immediately after the working group meeting on Wednesday 19 September the ministerial meeting will consider the progress made at the working group meetings in March and June with a view to gradually removing subsidies and other forms of government support that distort the market. Steel is a vital...

Dubai-based Steel Wood Industries (SWI) a manufacturer of environment-friendly and sustainable wood products said it is shipping its 100 per cent made-in-UAE steel wood density board (SDB) to Sri Lanka. Ghassan Farouk Afiouni managing partner of Steel Wood Industries said: Time has come to balance economy. With this we will be the one and only company shipping wood from desert dunes a thing that the most optimistic fortune tellers couldn t predict. Regional companies should believe that nothing is impossible regionally manufactured products can penetrate any market he said. Sri Lanka s market is in need of quality products that evolved from research to high-end product under the Swistainability model he added. Habeeb Abdulla sales manager at Steel Wood Industries said: The beginning is always the hardest this opportunity will be a ladder for SDB to b...

China s listed steel firms reported a surge in earnings in the first half of this year amid continued government efforts to cut overcapacity in the sector said a report. Steel companies listed on the Shanghai Stock Exchange reported combined profits of 29.6 billion yuan (about 4.34 billion) in H1 up 134 per cent year on year according to data from the exchange China s Xinhua news agency said. Total revenue of these companies reached 426.5 billion yuan ( 62.31 billion) up 15 per cent year on year. The rise came as authorities continued efforts to cut excess capacity in the industry as part of the country s supply-side structural reform added the report. ...

Olofsfors a Swedish manufacturer of steel products for the forestry and construction industries has switched to using SSAB Boron 27 steel which has in turn reduced its material usage optimised its production process and developed a lighter more fuel-efficient product. Maria Ragnarsson head of purchasing and logistics Olofsfors said: We have transitioned from using pre-manufactured parts to buying steel that we press and manufacture in house. Now that we control our production process we are generating less waste and making a more sustainable product she said. In 2008 Olofsfors opted to bring the production process for its Eco-Tracks for forestry machines in house. In the search for a supplier to provide the steel for the side supports on the tracks it chose SSAB Boron 27 steel said a statement from the company. Quality is one of our top priorities said Ragnarsson. &l...

The additional US tariffs on steel imports from Turkey announced on August 10 will take effect today (August 13) said a report. US President Donald Trump had earlier announced doubling of the already substantial Section 232 steel tariffs on imports from Turkey to 50 per cent. Trump tweeted on Friday that the latest tariff decision came as Turkey s currency the lira slides rapidly downward against our very strong dollar. As the tariffs will take effect immediately a lot of Turkish steel exporters and US importers could be hurt as there are steel cargoes on the way to the US and some cargoes waiting to be shipped an S&P Global Platts report said citing Turkish industry sources. The US was one of the top destination for Turkish steel exports in 2017 worth 1.1 billion. Turkey came in sixth place among the countries the US imported steel from last year with a 7 per cent share. Tr...

Nissan Motor a leading automotive company will build more models using a new type of steel that combines high tensile strength with a previously unachievable degree of formability resulting in lighter vehicles that can help lower emissions while protecting occupants. Nissan is the world s first carmaker to use the high-formability steel with a tensile strength of 980 megapascals which was jointly developed by Nissan and Nippon Steel & Sumitomo Metal Corp said a statement from the company. The steel s combination of stamping formability and strength makes it possible to form parts with complex shapes that are thinner and lighter than those made of conventional high tensile strength steel while maintaining the ability to absorb energy in a collision it said. The Infiniti QX50 premium midsize SUV which went on sale in the US in March is the world s first vehicle with front and rear side members made from 980...

Crude steel production in 64 countries reporting to the World Steel Association (worldsteel) reached 151.4 million tonnes (mt) in June 2018 a 5.8 per cent increase compared to June 2017 according to the association. Crude steel production in these countries was 881.5 mt in the first six months of this year up by 4.6 per cent compared to the same period last year. Asia produced 613.9 mt of crude steel an increase of 5.2 per cent over the first half of 2017 the assoication said. The EU produced 87.3 mt of crude steel up by 1.6 per cent compared to the same period of last year. North America s crude steel production in the first six months of 2018 was 59.0 mt an increase of 2.4 per cent compared to the same period in the previous year. The CIS produced 50.5 mt of crude steel in the first six months an increase of 2.8 per cent over the same months of 2017. China s crude steel production for ...

After being a big hit in Sharjah earlier this year Buns of Steel is now parking its massive GMC wheels at the parking lot of Al Foah Al Ain. Buns of Steel is a trendy food truck offering mouth-watering signature dishes like sliders and coffee. In Al Ain the truck is serving up new favourites on its menu such as breakfast dishes an extensive list of coffee and milk cakes along with their usual signature dishes and fries. They are sticking to the brand promise: that their signature dishes the bestselling Sliders are juicier tastier and more appetizing. The Breakfast Sandwiches which will be served from 5:00am 11:30am is composed of soul-loving hungerbusters like croissant sandwiches breakfast bowl bagels egg muffins and more. They also have different coffees hot chocolate and tea for an added pick-me-up. Signature Dishes like the Beef Sliders Chicken Sliders and Cheesy Cheeto Crunch are still on the menu but wi...

Leading steelmakers Thyssenkrupp and Tata Steel are to sign the final contract to combine their European steel divisions shortly following the approval of a 50-50 joint venture by Thyssenkrupp s board according to a report by S&P Global Platts. The signing of the definitive agreement is expected shortly said the report citing a Thyssenkrupp statement adding that due diligence confirmed expected annual synergies of 400 to 500 million ( 465 million to 582 million). In case of an Initial Public Offering (IPO) of the JV Thyssenkrupp would receive a higher share of the proceeds reflecting a ratio of 55/45 it added. Both Thyssenkrupp and Tata Steel secured the - not essential but vital - support from the companies influential works councils shortly ahead of Thyssenkrupp s board approval. The joi...

The restart of South Carolina s steel mill Liberty Steel Georgetown heralds a 5 billion investment in the US by global GFG Alliance an international grouping of businesses founded by the British Gupta Family. The historic Georgetown steelworks in South Carolina which has remained idle for almost three years was brought back to life heralding the arrival of Sanjeev Gupta s global GFG Alliance in the US said a statement from the company. The 14 000-worker metals mining engineering energy and financial services group which has invested billions to secure the future of industrial assets in the UK Europe and Australia said it now intended to do the same in North America. Group executive chairman Sanjeev Gupta said that the recommissioning of Georgetown s furnaces and wire rod mills would be the first in a series of GFG projects across the US and Canada amounting to more than 5 billion in investments over the n...

A huge fire ripped through a steel factory at Salman Industrial City in the Hidd area of Bahrain yesterday but was quickly put out by Civil Defence personnel reported BNA citing a senior official. Director-General of Civil Defence Brigadier Abdulaziz Al Ammer said: The incident was reported at 5.25am and the teams reached the scene within five minutes and started battling the fire to prevent it from spreading to other parts of the factory and nearby units. Al Ammer said a total of 17 vehicles were pressed into service along with 74 personnel for this operation and the blaze was quickly controlled. Shortly after that the cooling operation began he added. ...

China will remain subject to the US tariffs on steel and aluminium imports despite the White House announcing this week that the US would hold off on implementing a series of tariffs against the country said a report. The steel and aluminium tariffs against China will remain in force US Treasury Secretary Steven Mnuchin was quoted as saying by an S&P Global Platts report. He added that those were not part of the discussions Mnuchin told the Senate Appropriations Financial Services Sub-committee. Mnuchin noted that the Trump administration was holding off on plans to impose Section 301 tariffs of 150 billion on Chinese goods as the two countries had agreed on a framework for reducing the US trade deficit and to address intellectual property and technology theft issues the report said. The US official pointed out that the tariffs placed on hold are separate from the 25 per cent tariff on steel imports and 10 per c...

Italy-based Mantella by creating an innovative new truck trailer chassis with outstanding performance has been nominated for the Swedish Steel Prize 2018. The Swedish Steel Prize is awarded annually to recognise the most innovative design utilising high-performance steel said a statement. Mantella is one of the four finalists for this year s prize which will be awarded during a ceremony in Stockholm Sweden on May 24 it said. The award ceremony is part of a three-day event where hundreds of international participants will take part in seminars and site visits at SSAB it added. Mantella is nominated for its Stratosphere 3.0 rear tipping semi-trailer that offers customers a chassis with the same weight as an aluminium frame but with superior mechanical properties. It has excellent wear resistance a greater fatigue life and a weight reduction of approximately 30 per cent when compared to previous trailer ...

SSAB a leading Nordic and US-based steel company is expanding its product offering through its first 3rd generation metal-coated steel product - Docol 600DH-GI which is ready for customer trials. Matti Säily product manager metal coated products SSAB Europe said: We are taking a step towards third generation steels by launching the galvanised Docol DH steel family. A product with a tensile strength of 600 MPa is now ready for customer trials and will be joined later this year by products with a tensile strength of 800 and 1000 MPa he said. One of SSAB s strategic targets is to grow the share of premium steels annually in the automotive industry to 750 000 tonnes by 2020 said a statement. Shipments amounted to 442 000 tonnes in 2016 and last year had already grown to 537 000 tonnes. Third generation steels are one of the ways towards this goal and enable us to serve customers...

Global finished steel demand will grow by 1.8 per cent to more than 1.616 billion metric tonnes (mt) in 2018 and increase by another 0.7 per cent to nearly 1.627 billion mt in 2019 the World Steel Association said. Delivering the Brussels-based organization s short-range outlook during a media briefing in London worldsteel s director General Edwin Basson said the growth expected this year and next is spread fairly evenly. For the first time in a number of quarters we now see strong growth in both developing and developed economies Basson said. The exception to the rule is China. World production and consumption leader China will see flat demand this year followed by a 2 per cent decline in 2019. Steel demand for China will be roughly 736.8 million mt this year and 722.1 million mt next year according to worldsteel. Basson said after years of continuous steel demand growth it ...

Steel Wood Industries has unveiled a key solution in green building materials not just able to replace concrete as the core building material during the recent Future Cities Show at Dubai World Trade Centre. The material can also be used to fully design building structures from the 100 per cent recycled/SWIstainable wood manufactured in UAE under the name Gusolid-PCS (precast-steel wood). Until yesterday the concept of creating 100 per cent green &SWIstainable structures were merely a chapter of a science fiction movie. However once Gusolid-PCS becomes widely used on a global scale carbon dioxide emissions can be dropped to safety levels aiding in global climate change adjustments while possessing thousands of tons of negative overall carbon footprint per building. Furthermore the technical specifications & the physical properties of this new material returned all off the charts through third-party independent lab testing. W...

JSW Steel is set to invest 500 million at its Baytown Texas US mill in a multi-phase project that will include the installation of an electric-arc furnace said a report. The move comes at a time of heightened trade tensions following US President Donald Trump s implementation of a 25 per cent tariff on steel imports added the S&P Global Platts report. JSW s Baytown mill is dependent on imported slabs to produce its plate and pipe products it said. JSW signed a memorandum of cooperation with Texas Governor Greg Abbott including a Texas Enterprise Fund grant offer of 3.4 million for the steelmaker. Parth Jindal of Mumbai-based parent company JSW Group said that the investment reiterates their commitment to stay invested and grow in the US market. He noted that it also provides JSW Steel US an opportunity to participate in the country s infrastructure development and job creatio...

Emirates Steel a subsidiary of the General Holding Corporation (Senaat) today announced an outstanding set of financial results for the year 2017 with company s revenues increasing 22 per cent to Dh6.6 billion ( 1.80 billion). The company posted a solid 12 per cent EBITDA margin delivered in a challenging year for the global steel sector it said. During 2017 Emirates Steel s production increased to more than 3.2 million tons up from 3.1 million tons in 2016. Export sales to 40 countries accounted for 20 per cent of total volumes with the remaining 80 per cent being consumed within the UAE. During an annual media briefing held today at Emirates Steel s headquarters Engineer Saeed Ghumran Al Remeithi chief executive officer said: The positive results achieved by Emirates Steel in 2017 clearly indicate success of the company s resi...

US President Donald Trump has confirmed that the US will implement a 25 per cent tariff on steel imports with a formal announcement to come next week. The tariffs placed on steel imports will last for an unlimited period of time Trump said adding they will be in effect for a long period of time. You will have protection for the first time in a long time Trump said in a meeting with with steel and aluminum executives held at the White House Thursday. The Trump action comes following a nine-month investigation into the effect of steel imports on national security and the delivery of the Section 232 report by the Department of Commerce and the recommendations to Trump in January reported Platts Breaking News. A global tariff of at least 24 per cent on all steel imports from all couturiers was one of three recommendations presented by Commerce in its report. Trump did n...

Saudi Aramco recently signed an agreement with Nippon Steel and Sumitomo Metal Corporation (NSSMC) Sumitomo Corporation and Sumitomo Corporation Saudi Arabia to conduct a feasibility study for an integrated steel mill to produce steel plates in the Ras al-Khair area. The memorandum of understanding (MoU) was signed by Abdulaziz A Al Abdulkarim Saudi Aramco vice president of Procurement and Supply Chain Management; Atsushi Iijima management executive officer of NSSMC; Kazunari Sakata corporate officer of Sumitomo Corporation; and Masashi Abe managing director of Sumitomo Corporation Saudi Arabia. The signing was witnessed by Ahmad A. Al Sa adi Saudi Aramco senior vice president of Technical Services and senior executives from all parties. Saudi Aramco is pleased to sign this MoU which will enhance the local supply chain supporting Saudi Aramco and others in the Kingdom said Al Sa adi. The presence of the new s...

The US Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminium imports from China and other countries reports said. The agency found that the quantities and circumstances of steel and aluminum imports threaten to impair the national security as defined by Section 232 (of the Trade Expansion Act of 1962) said a Xinhua report. It recommended several options for the president which include a blanket tariff for all countries quotas or high tariffs targeted at specific countries including China. The long-awaited unveiling of the department s Section 232 national security reviews of the two industries contained global tariff options of at least 24 per cent on all steel products from all countries and at least 7.7 per cent on all aluminium products from all countries said a Reuters report. Trump authorised the probes under a 1962 t...

Sharjah-based Elan Incorporated a leading polymer based industrial packaging company is setting up a production facility for tight head and open top steel drums of up to 220 litres (55 gallons) capacity for the growing petrochemical and chemical industries in UAE. Elan s new state-of-the-art manufacturing unit will be set up at the Hamriyah Free Zone and will have a capacity of over 2 million drums per annum said a statement. The project is likely to be completed by end of 2018 at an estimated cost of Dh35 million ( 9.52 million) it said. Elan has entered into a long-term lease agreement with Hamriyah Free Zone for setting up the factory which will offer internationally acclaimed steel drums representing latest technology. This fully automated plant with the most modern manufacturing and testing facilities will be the first of its kind in the region it added. Strategically located Hamriyah Free Zone w...

Oman s Ministry of Commerce and Industry (MoCI) has started receiving applications for permits to import steel used for reinforcement of concrete through a single window system popularly known as Bayan said a report. Companies traders and importers who want to import steel shipments for concrete reinforcement are urged to submit their applications with this system added the Oman Daily Observer report. Applications should be submitted to the Directorate General for Specifications and Measurements; and should be enclosed with certificate of the importer s declaration about conformity certificate issued by a third party laboratory and a copy of the purchase invoice it said. The specification is divided into three parts: smooth bars extruded rods welded mesh and each part has the technical requirements of various type which include the dimensions tensile and bending properties added the report. ...

The GCC s demand for iron and steel casting is expected to grow by 5 per cent over the next five years according to a report from Frost & Sullivan a business consulting firm involved in market research and analysis. The growth is mainly driven by demand in valves pumps cement mining and aluminium smelts with Saudi Arabia and the UAE driving the market in terms of local production and consumption said the Frost & Sullivan s industry docket Ferrous Castings Market Outlook in GCC 2017 . Companies that cater to high-end engineering castings at a reasonable price will gain a competitive advantage it added. The report explores drivers challenges opportunities value chain dynamics and application segments within the GCC countries. Cement and mining pumps and valves aluminium smelts producers and production consumption patterns capacities and import-export needs and challenges are also asses...

Middle East retook the title of world s fastest-growing region for crude steel production recording an increase of 29.03 million tonnes according to World Steel data. A report by World Trade Organisation indicated that the European Union remained the top exporter with a 38 per cent share of world exports of iron and steel. The Russian Federation rose from sixth to fifth position in 2016 while India climbed from tenth to eighth place. Satish Khanna general manager of Al Fajer Information & Services organisers of Tekno 2017 said: With growth in infrastructure and construction the demand for iron and steel is on a surge. This growing demand is an indication of a robust world economy. While countries of the world are witnessing a gush in demand for steel progress in the Middle East steel market has also been positive he said. Organised by Al Fajer Information and Se...

Jafza the Dubai flagship logistics hub of global trade enabler DP World said that trade in steel and building materials reached Dh13.5 billion ( 3.6 billion) during 2016 with further increases expected as the free zone continues to develop services for companies in the sector. Announcing Jafza s participation in the Big 5 exhibition being held at the Dubai World Trade Centre from November 26-29 Sultan Ahmed bin Sulayem Group chairman and CEO DP World said: Ongoing construction projects in the UAE and GCC are a strong boost for the metal steel and construction sector in Jafza as companies benefit from the growth in development projects throughout the region. The robust health of this vital sector of the economy reflects the ongoing infrastructure development and the role Jafza plays in enabling companies to maximise their potential by providing comprehensive services. This is in line with the economic vision and the 207...

More than half of the steel industry (53 per cent) has come across fake products during day-to-day operations according to a recent study. The study on the use of counterfeit products in GCC was commissioned by The Steel Alliance Against Counterfeiting (SAAC) a non-profit industry initiative of 18 reputable manufacturers of steel tubular products. Most of the respondents (79 per cent) are in favour of tightening the control of steel products import from certain markets the study said. SAAC recently also organised an open conference during Abu Dhabi International Petroleum Exhibition and Conference (Adipec) gathering notably EPC contractors distributors utilities and customs. It was the opportunity to sum up the results of the SAAC members joint efforts and discuss further steps to effectively counter the use of fake steel products in the region said a statement. The SAAC members also pres...

Tekno 2017 an international industrial trade fair set to be held next month in Dubai will focus on steel and othe metal products. The event be held from December 17 to 19 at the Dubai International Convention and Exhibition Centre (DICEC) will also cover wires and cables tubes pipes and rods and welding and cutting. Tekno is set to bring together a wide array of innovative and cutting edge technologies smart machinery and material technologies said a statement for organisers Al Fajer Information & Services. The trade show will also provide a platform for experts to share best practices and integrated methods for market penetration and a lucrative opportunity to understand the current market dynamics and its effects on the business it said. Targeted to host more than 120 international and regional brands from over 12 countries the event will provide a strategic platform for key decision-makers and visitors ...

Thyssenkrupp and Tata Steel have signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture and create a leading European flat steel player to be positioned as quality and technology leader. The new entity is set to have pro-forma sales of about 15 billion ( 18.02 billion) and a workforce of about 48 000 currently at 34 locations. Shipments are envisioned to be about 21 million tons a year. Dr Heinrich Hiesinger CEO of thyssenkrupp AG said: Under the planned joint venture we are giving the European steel activities of thyssenkrupp and Tata a lasting future. We are tackling the structural challenges of the European steel industry and creating a strong No 2. In Tata we have found a partner with a very good strategic and cultural fit. Not only do we share a clear performance orientation but also the same understanding of entrepreneurial responsibi...

Iran s steel exports to Europe is now safe from punitive measures after EU governments rejected proposals to impose trade tariffs on imports from the country said a report. The European Commission which sets out trade policy in the 28-member European Union had proposed duties of up to 23 per cent for steel from Iran s Mobarakeh Steel Company (MSC) added the Fars News Agency report. European steel lobby group Eurofer was at the centre of the campaign which had also proposed plans to levy tariffs of up to 33 per cent on imports of hot-rolled steel from Brazil Russia and Ukraine it said. But EU countries opposed the plan with some members believing the measures were too weak while others regarded them too strong. Eurofer s complaint against MSC was that Iranian exports of hot-rolled steel used in machinery and construction to Europe had leapt to more than 1 million tonnes annually accusing Mobarake...

United Stainless Steel Company (USCO) the region s first stainless steel mill is now back on stream in Bahrain nearly six year after operations were halted due to market conditions reported the Gulf Daily News our sister publication. For further details visit https://www.gdnonline.com ...

Saudi Arabia s Ministerial Provisioning Committee has approved the suspension of duty on steel export for two years and cut fees on cement export by 50 per cent. This move is a part of the new mechanism to encourage local producers and national industries to compete externally said a Ministry of Commerce and Investment (MCI) statement on its website. The Ministerial Provisioning Committee was formed by the Ministries of Commerce and Investment Finance Energy Industry and Mineral Resources Environment Water and Agriculture Meanwhile the Export Development Authority shall submit a report to the Ministerial Provisioning Committee every six months to measure the impact of these measures on the volume of national exports and their effects on the exports sector it said. The MCI continues to issue export licenses to factories wishing to export their products after verifying the fulfillment of the requirements contained in t...

Tata Sons the holding company of India s leading conglomerate said it would buy 83.6 million shares (2.85 per cent stake) in Tata Motors from Tata Steel on or after June 23 said a report. These shares of the automaker are currently valued at Rs3 809 crore at the current market price of Rs 455.5 a share on the BSE reported Business Standard. In September 2015 Tata Steel sold 38.5 million shares of Tata Motors at Rs 324.6 to institutional investors. The same day it sold an additional 37.9 million shares to parent Tata Sons for Rs 330 each. The transaction together brought Rs 2 500 crore to Tata Steel. With today s announcement Tata Steel will sell its complete holding in Tata Motors said the report. Tata Motors continues to hold 0.46 per cent stake in Tata Steel which is valued at Rs 222 crore it added. After Tata Steel the highest cross-holding is by Tata Power: A 4....

AM Investco a joint venture led by ArcelorMittal the world s largest producer of steel along with top Italian steel company Marcegaglia has won approval from the Italian authorities to take over the country s largest steel company Ilva said a report. The victory for AM Investco Italy majority owned by ArcelorMittal (85 per cent) and Marcegaglia (15 per cent) came after days of protests by trade unions that on Monday struck in Genoa and on Thursday in Taranto as the industrial plan foresees a sharp downsizing of the staff reported Platts S&P Global a leading independent provider of information and benchmark prices for the commodities and energy markets. However the government said AM Investco had pledged to improve proposals to employ around 10 000 workers it added. An exclusive negotiation phase will be held between the special commissioners and the successful tenderer with the possibility to improve th...

AM Investco a joint venture led by ArcelorMittal the world s largest producer of steel along with top Italian steel company Marcegaglia and leading banker Intesa SanPaolo has emerged as the winning bidder for Ilva the largest steel company in Italy said a report citing sources. Ilva s special commissioners - Corrado Carrubba Piero Gnudi and Enrico Laghi - made the decision yesterday (May 26) and later informed Italian Economic Minister Carlo Calanda stated Platts S&P Global a leading independent provider of information and benchmark prices for the commodities and energy markets. AM Investco was selected despite lingering anti-trust concerns as ArcelorMittal is already the largest steelmaker in Europe. The special commissioners had recently asked the two JVs competing for Ilva to extend the validity of their tenders until March 31 2018 as well as to not alter the economic terms of their offers guaranteeing inve...

World Steel Association (worldsteel) the international trade body for the iron and steel industry reported that the crude steel production for the 67 member countries was at 142.1 million tonnes (mt) in April of this year a 5.0 per cent increase compared to April 2016. China s crude steel production for April 2017 was 72.8 mt an increase of 4.9 per cent compared to April 2016 said a statement from the worldsteel. Japan produced 8.8 mt of crude steel in April 2017 an increase of 3.0 per cent compared to April 2016. South Korea s crude steel production for April 2017 was 5.5 mt a decrease of -2.9 per cent compared to April 2016 it said. In the European Union (EU) Germany produced 3.9 mt of crude steel in April 2017 an increase of 8.1 per cent compared to April 2016. Italy produced 2.0 mt of crude steel down by -6.0 per cent on April 2016 it added. France produced 1.3 mt of crude steel up by 30.8 per...

More than 53 per cent of the steel industry has reported an incidence of what is believed to be counterfeit steel products at some point in day-to-day operations according to a study commissioned by the Steel Alliance against Counterfeiting (SAAC). SAAC which was formed in 2015 and is made up of the world s 18 leading suppliers of steel products is working to drive awareness and identify solutions to the growing problem of fake steel in the region. Market studies indicate that the total volume of tubular products in the Middle East and North Africa (Mena) market in 2016 reached 2 967 176 tonnes. The research revealed that 79 per cent of construction industry professionals in the Gulf are in favour of tighter controls over the import of steel products from certain markets. Government policies including the UAE Fire and Life Safety Code prescribe a very high standard for materials to be used in buildings and installations it...

While the R&D function plays a central role in enabling innovation typical R&D budgets are only a small percentage of revenue. Accenture s Dr. Andrew Zoryk says digital technologies can help steel companies gain a competitive advantage. Along with cost reduction and customer service steel companies are focused on product innovation to a greater or lesser extent as one of the three core elements of their business strategy. While the research and development (R&D) function plays a central role in enabling this third strategic pillar typical R&D budgets are only 0.5 to 1.0 per cent of revenue1 in many companies. Squeezing the maximum return out of such limited budgets is crucial. At a macro level the more commodity-oriented steel producers are investing in targeted innovations to increase their product ranges in selected areas. Thus they re encroaching into the markets of diversified steel players. On the oppo...

Global steel demand will grow by 1.3 per cent to more than 1.5 billion metric tonne in 2017 and increase by 0.9 per cent to a little over 1.548 billion MT in 2018 said a report. China will likely see flat demand this year followed by a two per cent decline in 2018 stated Platts S&P Global a leading independent provider of information and benchmark prices for the commodities and energy markets. Central and South America are likely to experience the biggest demand growth over the next two years with 3.5 per cent and 4.7 per cent increases expected in 2017 and 2018 respectively said the report citing a senior official of the World Steel Association. Speaking at a media briefing in London worldsteel s director general Edwin Basson pointed to mostly modest growth expectations for all regions outside of China. That region saw a 13.6 per cent decline in 2016 he stated. The CIS region is forecas...

Emirates Steel the only integrated steel plant in the UAE showcased its steel product range of ESZ sheet piles at a leading European exhibition recently. The company took part in the 12th edition of Infra Tech trade fair the biennial exhibition for infrastructure and ground construction held in Rotterdam with Meever and Meever the official distributer of ESZ sheet piles for Europe region. Emirates Steel took part in the show with the aim to boost its presence in Europe the company said. Meever and Meever based in the Netherlands is a well-known solution provider for foundation and marine construction works and has already supplied significant tonnage of ESZ sheet piles into the European market. ESZ sheet piles are hot rolled long structural sections with vertical interlocking system that creates a continuous wall which is earth tight and water resistant and commonly used for the construction of retaining walls b...

International industrials and metals group Liberty House has signed definitive agreements with Tata Steel UK to acquire its speciality steels business for total consideration of 100 million ( 125 million). Liberty House based largely in South Yorkshire UK with service centres in the West Midlands and Lancashire manufactures a range of high-value speciality steel products for the automotive and aerospace sectors. The deal for Tata s high profile speciality steels business secures the future of around 1 700 jobs directly and thousands more in the supply chain and regional economy. Speciality Steels which makes high-value steels for the aerospace automotive and oil and gas industries has manufacturing facilities in Rotherham Stocksbridge and Brinsworth in South Yorkshire and Wednesbury in the West Midlands as well as service centres located in Bolton and in China. The sale follows an extensive due dili...

Japan s Sojitz Corporation a major trading enterprise has signed an agreement to study the production of steel sheets in Iran s southeastern port of Chabahar in Sistan-Baluchestan Province a report said. The project would be a milestone in Iran s bid to raise its steel product output to 55 million tons per year Mehdi Karbasian managing director of Iran s Industrial Development and Renovation Organization (IDRO) was quoted as saying in the Iran Daily report which cited Irna . Karbasian said that Sojitz would present its research findings to IDRO by September adding that this would be followed by two months of negotiations to seal a final agreement on production of steel sheets. The agreement would be implemented under a credit line of above 10 billion that Japan has allocated for Iran he added. Another Japanese company Kobelco is developing Mokran Steel Complex in...

UAE-based Al Shafar Steel Engineering (Assent) a leader in structural steel design and manufacturing and will invest Dh175 million ( 47.6 million) in the expansion of its facilities located at Dubai Industrial Park (DIP). The expansion which will result in one of the largest steel manufacturing companies in the region is geared to grow the company s operational footprint in the UAE and the wider GCC region. As per the expansion land lease area plan Assent a member of the UAE-based Al Shafar Group of Companies will add four new facilities spread over additional 1 200 000 sq ft of land and that will lead into reaching a total leasable area of 2.4 million sq ft. Construction is scheduled to begin in Q2 2017 and the new facility is estimated to start operations by end-2018. Assent will invest Dh100 million on the construction of facilities and Dh75 million on installing new machinery. With 2 300 employees projected to work on-si...