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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… |
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Dubai Investments showcases at Big 5 SaudiDubai Investments, the largest investment company listed on the Dubai Financial Market, is showcasing its wide-ranging interests in the construction and ancillary sectors at the ongoing Big 5 Saudi expo in Jeddah. During the event More… |
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Egypt steel tycoon Ezz gets 37 years jailAn Egyptian criminal court sentenced steel tycoon Ahmed Ezz to 37 years in prison on Wednesday for profiteering and squandering public funds and fined him 6 billion Egyptian pounds ($890 million), state news agency Mena and a j More… |
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ME steel consumption on the riseThe Middle East region is set to buck the global trend of a drop in steel consumption and rebound to a growth of 5.7 per cent in 2012 following a 2 per cent contraction in the previous year, a report said. The global growth foreca More… |
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GCC steel sector ‘set for major growth’The GCC steel industry and allied segments are poised for a double-digit growth fuelled by demand from the core sector led by the oil & gas industry, and expanding markets like Saudi Arabia, a survey said. The survey was condu More… |
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SteelFab to feature new product launchesA slew of new machinery, equipment and technology is set to debut in the region at the upcoming SteelFab 2013, a top trade event for the steel fabrication and metal working industry, in Sharjah. Several global manufacturers and de More… |
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Algeria, Qatar ink steel plant dealAlgeria and Qatar have signed a deal to jointly build a steel plant in Bella, 300km east of Algiers, which on completion will boast of a production capacity of 10 million tonnes of steel per year. Besides this two countries have signed More… |
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Bahrain lauds private sector role in key projectsBahrain Industry and Commerce Minister Dr Hassan Fakhro praised the ongoing efforts by the Kingdom's private sector to help international investors establish projects and accommodate local workforce. His remarks came during a More… |
