A study released on Saturday by the Ministry of Foreign Trade has revealed the United Arab Emirates’ total exports of aluminium and its products rose by 102% (USD 1.5 billion) during the first half of 2012 in comparison with the same ...
Tags: United Arab Emirates, exports, aluminium, aluminium products
Bloomberg reported that steel reinforcement bar futures climbed to a five month high, heading for the best quarterly performance in two years, on optimism that a recovery in the real estate market in China, the biggest user may boost ...
Tags: steel reinforcement bar, real estate market, China, steel
GCC rail infrastructure consultants said that Gulf Cooperation Council governments are likely to spend around USD 100 billion laying an estimated 6,000 kilometer to 8,000 kilometer of new railway track up to 2020, a move that will require ...
Reuters reported that Saudi Arabia has set a record state budget for next year as high oil prices allow it to spend heavily on welfare and infrastructure projects, helping it avoid the severe social unrest seen in other parts of the Arab ...
Tags: audi Arabia, oil prices, oil market, infrastructure projects
Despite year end stagnation optimism has not left the supplier of long products to Middle East. It is learnt that Turkish mills have been mulling USD 5 per tonne to USD 10 per tonne increase as the market re opens in 2013. It is learnt ...
Tags: Steel Market, Metallurgy, Mineral, Energy
Tehran Times reported that Iran inaugurated a large petrochemical complex, with a projected annual output of 300,000 tonnes of high density polyethylene, in the western province of Kermanshah on Tuesday. The report said that the ...
Tags: Metallurgy, Mineral, Energy, petrochemical complex
Zhejiang Province-based Chinese pipe producer Jiuli Stainless Steel Pipe Co announced that it recently received an order from Oman Oil Company Exploration&Production LLC(OOCEP),a subsidiary of Oman Oil Company SAOC(OOC). Accordingly,Jiuli ...
Tags: Jiuli Steel, stainless pipes, OOCEP
Tehran Times reported that Iran produced 11.2 million tonnes of steel ingots during the first nine months of the current Iranian calendar year, showing 8.3% rise YoY. According to the report, the volume of manufactured steel products ...
Tags: Iran, steel ingots, steel products, steel industry
Dana Gas, the Sharjah based producer, has made two new gas discoveries in the Nile Delta basin. Successful drilling at the two wells, located near existing Dana operations, will increase the company's proven reserves by at least 17 ...
Tags: Dana Gas, gas discoveries, gas, gas industry
Rio CEO Sam Walsh told The Australian that short-term factors like restocking and the cyclone season are behind the December spike from USD 115 to USD 145. Mr Walsh said “We’re seeing an unusual situation at the moment ...
Tags: Rio, restocking, cyclone season, company news
Private company Sichuan Hanlong Company, after the approval of Anshan Steel s biggest ever expansion plan on iron ore mines, is in view of a partnership with state owned enterprises to build up a major iron ore mine in western Africa. ...
Tags: Sichuan Hanlong Company, Anshan Steel, iron ore, mining
Reuters reported that the new trading arm of state run Saudi Aramco has finalized a January to June 2013 term contract to sell jet fuel with at least one buyer. Traders said that Saudi Aramco Products Trading Company has agreed to sell ...
Tags: Saudi Aramco, jet fuel, fuel price, Middle East
Ukrainian metallurgical enterprises have continued the upgrading of blast furnaces by installing coal injection facilities amid gas price hikes and tough competition on the domestic and foreign markets in 2012. Mr Anatoliy Starovoit ...
Tags: metallurgical, gas price, coal injection facilities, Ukrainia
Business Line reported that NMDC is likely to hike prices of iron ore for January, as global ore prices rallied strongly this month in the wake of a demand revival from China. Sources said that the iron ore miner, which currently fixes ...
Tags: NMDC, iron ore, global ore prices, ore market
Anatolia News Agency reported that Turkeys iron and steel sector has been left up in arms by a recent United Arab Emirates decision to impose tariffs on Turkish steel imports. Mr Veysel Yayan secretary general of the Turkish Iron and ...
Tags: Import, steel sector, UAE market