UAE?s United Iron & Steel (UIS) has announced that construction on its US$272mn galvanised steel production unit in Abu Dhabi is set to begin by end of April
Metals
Aluminium Bahrain likely to develop sixth production line
Aluminium Bahrain B.S.C (Alba) is likely to develop a sixth production line, with an expected capacity of 400,000 metric tonnes
Egyptian Steel plans two new factories by mid-2016
Egyptian Steel is planning to open two new factories by mid-2016, and raise its capacity to 3.5mn tonnes per year, states chairman Ahmed Abou Hashima
Work on Algeria?s steel complex to begin in 2015
Construction of Algeria?s Bellara Steel Complex is expected to begin in Q1 2015, as the project is aimed at meeting the country?s immediate iron and steel requirements
Hyundai International to source scrap metal from UAE?s Atlantis Global Enterprises
South Korea?s Hyundai International has signed an MoU with UAE?s Atlantis Global Enterprises to source precious metals, scrap metal and iron ore