Thursday, October 09, 2014
Linking Steel Sellers & Buyers in Middle East
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Turkey: Turkish rebar prices trending down; US buying sporadic
Iran: French vehicle maker Peugeot plan to set up JV in Iran UAE: Local developer Omniyat and contractor Drake & Scull break ground on Palm tower Kuwait: KNPC invites companies to prequalify for EPC of gas import terminal UAE: Malaysian Eversendai starts first project at RAK yard Turkey: Turkish rebar prices trending down; US buying sporadic Saudi Arabia: First phase of USD13 bln Madinah city work begins, 100 towers to be erected
General News: WSA elects new officers and welcomes new members United States of America: Nucor acquires Gallatin Steel Company for USD770 mln India: Steel production equipment market valued at USD66 bln amid capacity expansion plans Ukraine: Longs maker Azovstal’s output decreases in January-September Ukraine: Alchevsk Steel faces supply difficulties, not to resume operations this month China: Baosteel Stainless cuts 304 grade prices for October Korea, South: Hyundai Steel cuts rebar prices again by USD5 India: Govt. contemplates forming taskforce to reach 300 mln ton steel production target in next 10 years Japan: Tokyo Steel to cut ferrous scrap purchase prices again
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