Sunday 26 October 2014
 
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Steel

Steel as cheap as cabbage in China

Steel is now almost as cheap by weight as cabbage in China, reports said, as overcapacity is prompting Chinese steel enterprises to cut their prices in order to boost exports. Domestic steel prices in China have fallen for 12 stra

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Steel demand forecast drops on China slowdown

The World Steel Association has downgraded its previous short-range outlook for apparent steel usage on the back of the slowdown in the Chinese market as well as in South America and CIS, the association said. At its annual meetin

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Zamil unit wins $35m deal to supply steel lattice towers

Zamil Towers & Galvanizing Company, a fully owned subsidiary of Zamil Industrial Investment, has won a SR134.5 million ($35.8 million) contract from the Middle East Engineering and Development Company (Meedco) in Saudi Arabia.

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Collapsing steel prices another ominous sign for iron ore

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

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Swicorp unit buys 30pc equity in Saudi steel firm

Sadeed Investment, a company owned by top Saudi asset management firm Swicorp, has acquired a 30 per cent equity in BRC Industrial (Saudia), a long steel products manufacturing company in the kingdom. Founded in 1974, with revenue

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Kuwait's Global in talks to sell Al Jazeera Steel stake

Kuwait-based Global Investment House is in talks to sell its 51 per cent in stake in Oman’s Al Jazeera Steel Products, said a report. The bank, which has restructured its $1.7 billion of debt twice in the past five years, he

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Emirates Steel focuses on value-added products

Emirates Steel, a leading steelmaker in the UAE, is set to expand its global presence and add more value-added steel to its product basket. The company’s plan is to sharpen its focus on high-margin, high-strength value-added

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Emirates Steel focuses on value-added products

Emirates Steel, a leading steelmaker in the UAE, is set to expand its global presence and add more value-added steel to its product basket. The company’s plan is to sharpen its focus on high-margin, high-strength value-added

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US demand for pipes to exceed $63bn

The US demand for pipes is expected to grow 7.3 per cent per year to $63.5 billion in 2018, driven by strong growth in crude oil and natural gas activity, as well as increasing housing completions, a report said. According to analyst Ma

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US demand for pipes to exceed $63bn

The US demand for pipes is expected to grow 7.3 per cent per year to $63.5 billion in 2018, driven by strong growth in crude oil and natural gas activity, as well as increasing housing completions, a report said. According to analyst Ma

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