Friday 18 April 2014
 
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Steel

Sabic showcases steel products at Riyadh expo

Saudi Basic Industries Corp showcased its wide range of steel products for the building and construction sector at the Metal & Steel Saudi Arabia 2014 exhibition held recently in Riyadh.   The company's p

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Sabic plans to lift steel capacity to 10m tonnes

Saudi Iron and Steel Co (Hadeed), the metals affiliate of Saudi Basic Industries Corp (Sabic), plans to add 4 million tonnes of annual steel output capacity to reach 10 million tonnes by 2025, an executive said. "Sabic's

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Korean steel maker Posco set for revamp

Posco's new chief executive said the South Korean steelmaker will restructure non-steel businesses and not make any major investment in increasing steelmaking capacity, in a marked break from the strategy of his predecessor. K

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ThyssenKrupp upbeat on quarterly profit

ThyssenKrupp posted a better than expected quarterly operating profit yesterday, as it reined in losses at its steel mill in Brazil and also benefited from robust demand for cement and petrochemical plants. Its net loss for the fi

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Emirates Steel hosts ‘Health and Safety Day’

Emirates Steel staged an event to reinforce employee knowledge in all aspects of health and safety. Held under the theme “Safety is my Responsibility,” the event added force to the procedures in place and built on the

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300 exhibitors to present steel products in Sharjah

More than 300 exhibitors will showcase and demonstrate fabricated steel products at a major exhibition to be held in Sharjah in January next year. The 10th edition of region’s premier exhibition for the metal working, metal

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Al Ghurair Iron & Steel hits production milestone

Abu Dhabi-based Al Ghurair Iron & Steel (Agis), a JV between the Al Ghurair Group and Japan's Nippon Steel & Sumitomo Metal Corporation, reached a major milestone with an output of 1 million tonnes of flat steel products in five ye

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Emirates Steel delivers Enec nuke shipment

The Emirates Nuclear Energy Corporation (ENEC),  the UAE nuclear power developer, said it has received the first shipment of locally–produced nuclear grade reinforcing steel from Emirates Steel Industr

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Dubai court dismisses Kuwaiti sheikh's $21m claim

A Dubai court has dismissed a Kuwaiti sheikh's $21.4 million claim against UBS AG in which he alleged the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.

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ThyssenKrupp to sell part of EU steel business

ThyssenKrupp, Germany's biggest steelmaker, is examining the possibility of selling part of its European steel business to an investor, Rheinische Post newspaper said on its website on Saturday, citing unnamed supervisory board sources.

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