Middle East steel industry news.

JSW Steel seeks syndicated loan of up to $900 million
japan jsw steel
Thu, 23 Jan 2025 00:00:00 GMT
JSW Steel Ltd., India's largest steelmaker, is seeking up to $900 million in loans from international lenders, including European, Japanese, and Middle Eastern banks. The funds will support the company's expansion and general corporate activities. This move follows a trend of Indian firms raising foreign currency loans due to high local funding


IMIDRO reports 53% surge in exploratory drilling by late Dec. ...
imidro investment iran
Fri, 17 Jan 2025 12:00:03 GMT
TEHRAN The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has reported a significan't increase in exploratory drilling and investment calls during the first nine months of the current Iranian calendar year (March 20-December 20,


Iran remains worlds 10th largest steel producer: WSA
iran steel
Tue, 31 Dec 2024 00:00:00 GMT
The World Steel Association (WSA) reports that Iran has retained its global ranking and remained among the top 10 steel producers in the world. According to the WSA report, Iran produced 28 million tons of crude steel in 11 months of the current Iranian calendar year (from January 1 to November 30, 2024), showing a 0.5 percent growth compared to the last years corresponding period. In a report released by the Iranian Mines and Mining Industries Development and Renovation Organization


Alumina powder output up 5% in 8 months on year
alumina imidro iran production
Mon, 23 Dec 2024 15:52:04 GMT
TEHRAN - Production of alumina powder in Iran increased by five percent in the first eight months of the current Iranian calendar year (March 20-Novemebr 20), the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)


Suez Canal Bank provides Ashry Steel Group with EGP 2.35bn credit ...
egypt steel
Wed, 18 Dec 2024 00:00:00 GMT
Daily News Egypt - Suez Canal Bank provides Ashry Steel Group with EGP 2.35bn credit facility to support expansio


Stalprofil revenue drops, foresees further import pressure
steel trade turkey
Mon, 16 Dec 2024 00:00:00 GMT
Stalprofil says EU steel imports from the Far East and Turkey, despite safeguard measures, are...


China steelmakers gird for indirect Trump tariffs hit
politics steel usa
Mon, 11 Nov 2024 00:00:00 GMT
Chinas steel industry, already struggling with overcapacity and weak domestic demand, faces an indirect hit if U.S. President-elect Donald Trump pursues 60% tariffs on Chinese goods such as manufactured items made from the alloy. The worlds largest steel producer and exporter has so far in 2024 shipped more than last years 90.26 million metric tons, worth $85 billion, fueling trade friction with countries ranging from Indonesia and Turkey to the U.S. While less than 1% of Chinas direct


Saudi: Al Yamamah signs $31.7mn steel tower supply contract with ...
ksa steel
Mon, 04 Nov 2024 00:00:00 GMT
Al Yamamah will supply steel towers for an ultra-high-voltage power line in Saudi Arabias central regio


Masdar, Emsteel Complete Menas First Green Hydrogen Steel ...
ghg investment steel uae
Mon, 28 Oct 2024 00:00:00 GMT
Oct 28, 2024 Masdar, EMSTEEL complete MENAs first green hydrogen steel pilot Masdar and UAE steel firm EMSTEEL have completed a green hydrogen-based steel pilot project in... View


Erdemir To Trial Hydrogen Injection At Turkish Blast Furnace
erdemir ghg steel turkey
Fri, 18 Oct 2024 00:00:00 GMT
Oct 18, 2024 Erdemir to trial hydrogen injection at Turkish blast furnace Turkish steel company Erdemir will conduct a two-day hydrogen injection trial at its first blast... View


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