Emirates Steel issues phase 3 expansion project
Submitted by Hasan Malik on Mon, 09/05/2011 - 05:26
Emirates Steel plans to complete the Phase 3 of its expansion project as soon as possible in line with the Abu Dhabi’s visionary “2030 Plan” that promises strengthening the industrial sector of the country. The plans also aimed to diversify the emirate’s resources and contribute to the nation’s income apart from offering a range of employment opportunities to a large number of youths.
Steel production in UAE is up by 17 %
Submitted by Kunal Kamat on Tue, 01/25/2011 - 19:24
Emirates Steel Industries PJSC, the state-owned steel company having a plant in Abu Dhabi has said that they have seen their production going up by 17.5 per cent. The sales went up by a whopping 120 per cent in 2010 when compared to the previous period.
Steel Consumption of Emirates to rise by 4% this year
Submitted by Hasan Malik on Tue, 01/18/2011 - 14:04
The consumption of United Arab Emirates' steel will most likely increase by 4 per cent in the current year, i. e. 2011, up to around 6.6 million tons. The increase will be aided by the demand from the industry of oil and gas, as reported by Gulf News. The media cited authorities at the SteelFab Exhibition.
UAE steel costs anticipated to fall
Submitted by Kunal Kamat on Fri, 01/07/2011 - 19:30
It has been stated that UAE stimulated the steel costs that inclined by 5% in week closing the 4th January, pursuing changed demand throughout US. However prices are anticipated to fall on the back of latest stock from Turkey, according to experts.
Rebar augmented by 1 percent whereas the price of plates and stimulated steel plunged up by 3 and 5 percent correspondingly, as per Emirates 24-7.
ArcelorMittal, Technip equities trails up in Paris
Submitted by Maninder Singh on Tue, 11/02/2010 - 10:59
The CAC 40 Index of France benefitted by 0.2 percent to 3,841.11 at the 5.30 p. m. near in Paris, as Chinese development extended at the greatest speed in six months and a measure of U. S. manufacturing unpredictably increased, strengthening self-assurance in the worldwide economic revival. The SBF 120 Index plunged up by 0.3 percent to 2,866.05 nowadays.
Destiny of POSCO steel venture to be determined today
Submitted by Gurpreet Singh on Mon, 10/25/2010 - 13:21
The providence of the POSCO's Rs. 51,000 crore incorporated steel plant venture in Orissa might be determined today subsequent to the Forest Advisory Council obtains a sight on the split up report presented by a four member Central panel controlled by ex-Union Environment Secretary Meena Gupta.
JFE to buy 14.99% in JSW Steel
Submitted by Faarooq Mehmood on Tue, 07/27/2010 - 10:45
Japanese steel maker JFE has decided to invest Rs. 4,800 crore in Indian steel manufacturer JSW Steel for acquiring 14.99 per cent stake in the latter, JSW Steel said in a filing to the Bombay Stock Exchange on Monday.
The amount received from JFE will help JSW Steel to reduce its existing debt burden.
