Manufacturer Egyptian Steel has announced that it has planned for an initial public offering (IPO) in 2015 and expects to float up to 30 per cent of its shares in the local stock market
Metals
Tri-Star Resources to set up metal roasting facility in Oman
UK-based Tri-Star Resources has signed a Memorandum of Understanding (MoU) with the Oman Investment Fund (OIF) and Dubai?s Castell Investments for the establishment of a US$60mn antimony metals roasting and manufacturing facility in Freezone Sohar, Oman
South Steel commissions minimill from SMS Group
Saudi Arabias South Steel has commissioned a minimill from the SMS Group?s SMS Meer and SMS Concast at Jizan
Saudi Arabian steel firm wins Aramco project
Saudi Steel Pipe Company (SSP) has won two contracts worth more than US$66mn to supply OCTG steel pipes to Saudi Aramco
Jindal Steel to commission steel plant in Oman
Jindal Steel and Power (JSP) will commission a two million tonnes per annum capacity plant in Oman in October 2013, which the company claims will be the largest steel plant in the Gulf