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ThyssenKrupp upbeat on quarterly profitThyssenKrupp 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 More… |
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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 More… |
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300 exhibitors to present steel products in SharjahMore 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 More… |
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Al Ghurair Iron & Steel hits production milestoneAbu 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 More… |
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Emirates Steel delivers Enec nuke shipmentThe 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 More… |
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Dubai court dismisses Kuwaiti sheikh's $21m claimA 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. More… |
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ThyssenKrupp to sell part of EU steel businessThyssenKrupp, 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. More… |
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EU set to revive steel industryThe European Commission has unveiled an array of measures and recommendations to revive Europe's steel industry, hurt by tumbling demand and plant closures. The "EU steel action plan", presented by Industry Commissio More… |
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Sabic planning $4.23bn steel projectsSaudi Basic Industries Corporation (Sabic) is planning to build two steel plants on Saudi Arabia's Gulf coast for its affiliate Hadeed, it said on Saturday. One plant, in Jubail, would have processing capacity of 1.5 million t More… |
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Trade allies throw lifeline to Iran's steel sectorChina, Russia and Kazakhstan are among the few trade allies still providing a lifeline to Iran's vital steel and iron ore sector after most Western suppliers and buyers have cut ties due to growing sanctions pressure, said experts. More… |
