Pig iron imports rise in April
According to data from the Turkish Statistical Institute (TUIK), Turkey's pig iron imports reached 142,843 tons in April 2023, showing an increase of 11pct compared to the previous month. On a YoY basis, pig iron…
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According to data from the Turkish Statistical Institute (TUIK), Turkey's pig iron imports reached 142,843 tons in April 2023, showing an increase of 11pct compared to the previous month. On a YoY basis, pig iron…
The Pakistan Bureau of Statistics (PBS) released a report stating that the country's Large Scale Manufacturing Industries (LSMI) production witnessed a significant decline of 21.07pct YoY in April 2023. The production…
Iraq has approved a project to build five new residential cities comprising nearly 240,000 houses as part of a post-war strategy to tackle a housing crisis, an Iraq official has said. The five projects in various parts…
Several steel manufacturers in Egypt have been compelled to halt or reduce production and even shut down their factories due to a shortage of foreign currency required for importing raw materials, according to a local…
Suez Canal Economic Zone (SCZONE) announced that the laying of cornerstone for a USD 15 mln structural steel fabrication facility located within the China-Egypt Suez Economic and Trade Cooperation Zone (TEDA Suez) in…
Oman’s Jindal Shadeed Iron and Steel (JSIS), the largest privately-owned integrated steel producer in the GCC region, has announced a comprehensive set of initiatives aimed at significantly reducing its carbon dioxide…
Petrofac Ltd. has won the construction contract for Sonatrach SPA’s USD 1.5-bln petrochemical project in in Arzew Industrial Zone, Algeria. STEP Polymers SPA, a wholly-owned subsidiary of Algeria’s national oil and gas…
Arabian Pipes Co. (APC) has been awarded a supply contract worth around SAR 27 mln (USD 7.19 mln) by Saudi Aramco, as stated in an announcement to Tadawul. Under the terms of the contract, APC will provide steel pipes…
Pakistan's Agha Steel Industries has entered into a collaborative agreement with Mount Khalid to provide G80 ultra-high-strength rebars for a significant residential project in Islamabad. This partnership marks a…
UAE-based developer Ellington Properties has partnered with Dubai Multi Commodities Centre (DMCC) to break ground on its Upper House, a new multi-family residential project located within Jumeirah Lakes Towers (JLT)…
Turkish rebar exports experienced a significant decline in April 2023, according to data from TUIK. The exports dropped by 24pct compared to the previous month and over 65pct on a YoY basis. Buyers showed little…
Tubacex, a global leader in industrial products and services, has entered into a land lease agreement with KEZAD Group, the integrated economic and industrial center of Abu Dhabi, to establish a state-of-the-art pipe…
Kanoo Energy, a leading provider of services to the industrial sector in Bahrain and Saudi Arabia, has signed three separate agreements with Abu Dhabi National Oil Company (Adnoc) for manufacturing of valves, flanges…
UAE-headquartered real estate development firm The Luxe Developers announced broke ground on the USD 408.40 mln Oceano, a twin-tower waterfront development located on Al Marjan Island in Ras Al Khaimah The 18-storey…
King Abdullah Economic City (KAEC) has announced a landmark agreement with Vivienda, a well-known hospitality brand owned by the Forus Real Estate Investment and Development Company in the kingdom, for setting up a…
Turkey’s scrap import prices increased over the past week as mills booked cargoes at higher rates. Scrap import offers for Turkish market are at about USD 390 per ton CFR, marking an increase of USD 5-10 per ton…
Kuwait-based Heavy Engineering Industries & Shipbuilding Co. (HEISCO) announced that its branch in Saudi Arabia has been awarded a significant contract by the main contractor. The project holds a substantial value of…
Dubai Electricity and Water Authority (Dewa) has announced that Abu Dhabi Future Energy Company (Masdar) has emerged as the lowest bidder for the development of the sixth phase of the Mohammed bin Rashid Al Maktoum…
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