Iron ore is veering to a new crisis as prices for future delivery of the commodity slid 30 per cent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.
Iron ore is veering to a new crisis as prices for future delivery of the commodity slide 30 per cent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.
Sheikh Khalifa Medical City (SKMC), Abu Dhabi’s flagship hospital, has unveiled a new screening system to monitor iron levels in thalassaemia sufferers, allowing for better quality of care and eliminating the need to send patients abroad f
The UAE is amongst the highest consumers of iron and steel products (1,309 kg per person), well above the global average of 240 kg per person, said a report ahead of a major industry event in Dubai, UAE.
The Metal Middle East 2015
Everyone knew this was going to be a difficult year in the iron ore market. Expansions by existing producers such as Rio Tinto and BHP Billiton and ramp-ups by newer players in Australia and West Africa were widely expected to generate a wall of
Saudi Basic Industries Corp (Sabic), a leading petrochemical group, is carrying out new iron ore exploration in northern Mauritania.
The feasibility study and exploration at Atomai Mines in Zouerate is part of a joint venture agre
The trade across the Middle East and North Africa (Mena) region is expected to grow by 131 per cent to 2026, faster than the global growth over the same period (86 per cent), according to a new report.
HSBC in its latest 'Trade Connections
Brazilian miner Vale, the world's largest iron ore producer, said it closed a 10-year contract to supply 3.3 million tonnes per year of iron pellets to Saudi Arabia's Saudi Basic Industries Corp.
'It is an important region to u
Global crude steel production tumbled in the last quarter of 2008, bringing the annual figure down slightly, as steelmakers slashed production sharply due to the global economic slowdown.
Analysts expected further weakness in 2009 as deman
The first shipment of steel has arrived in Bahrain from Turkey. A total of 16.500 tonnes of steel was received by Abdali Essa Al Nooh and Sons.
This is part of deals signed by the kingdom with Turkish companies during His Majesty King Hama