Last Update: 05/03/2012 07:45:00
UAE’s Emirates Steel Industries plans to complete hot trials at a section mill with a capacity of 1 mt by end-April. Around 20 t of trial production has been sold by now, a company source says. Emirates Steel Industries has already signed a contract with Italy’s Danieli to upgrade two electric steel complexes in order to expand their joint capacity from 2.8 mt to 3.4 mt. The project is planned to be finished by November 2012. The company has not yet chosen general contractors to build a flat product plant which will be equipped with a DRI module (2 mt), an electric steelmaking complex (2 mt) and an HR mill with the same capacity. Proposals are still under review, and the contract is supposed to be signed in May. The company plans to finish the project in H2 2014. The plant manufactured around 1.95 mt of long products in 2011. The production target for 2012 is set at 2.1 mt, the company's representative comments. Emirates Steel Industries sells 80% of the output domestically and exports the rest to the Middle East.
world - OECD: Steel trade cases filed in 2013 the most since 1999 World - Worldsteel: Pig iron production rose 5.8% last year Russia - Russian Steel members increased output in 2013 Russia - Evraz output grows marginally, despite stoppages China - Chinese analysts divided on outlook for 2014 STEELWORLD - Indo – Arab Steel Summit / 3rd March, 2014 / Sheraton Deira Hotel, Dubai China - China pledges to 'gradually ease' its steel overcapacity Turkey - Offer from SteelOrbis EU - Irepas talks up long product prospects for 2014 Qatar - Qatar tops ranking of steel use per person
UAE - EMIRATES STEEL INCREASES STEEL PRODUCTION BY 33% Emirates - Emirates Steel Receives the Saudi Quality Mark UAE - UAE's Emirates Steel Industries launches section mill UAE - EMIRATES STEEL COMMISSIONS ITS FIRST-IN-THE-REGION HEAVY SECTION MILL EMIRATES - EMIRATES STEEL HONORED BY THE ARAB LEAGUE UAE - EMIRATES STEEL TO BECOME THE LEADING MANUFACTURER OF STRUCTURAL STEEL IN THE MIDDLE EAST UAE - EMIRATES STEEL REPORTS STRONG FINANCIAL PERFORMANCE EMIRATES - EMIRATES STEEL SETS NEW WORLD DAILY RECORD EMIRATES - EMIRATES STEEL SECURES FIRST SUSTAINABLE REINFORCING STEEL CERTIFICATION IN THE GCC UAE - GENERAL HOLDING CORPORATION AND EMIRATES STEEL SECURE US$2.2 BILLION FINANCING TO COVER EMIRATES STEEL’S EXPANSION PROJECTS