Ezz_steel1
kuwait_steel1
imatal4
Ezz_Web_Banner_Side_280x200
qatar_steel2
banner_7_22_300e2
banner_bahrian_600
banner_bahrian_600

Bahrain Steel intends to enter the Chinese market by exporting 200,000 t in 2021

Bahrain Steel, a key pellet supplier in the GCC and sister company of merchant bar producer SULB, continues to strengthen cooperation with foreign customers, aiming to benefit from strong raw materials segment fundamentals. The company hopes to take advantage of market activity in China.

Generally high iron ore prices in the global market are playing in favour of Bahrain Steel. The pellet producer has entered the Chinese market this year and has sold 100,000 t of the product there, according to Ahmed Al-Ghamdi, general manager of Saudi SULB cited by local media. The raw materials company plans to 200,000 t by the end of 2021.

One of the key reasons for such activity is favourable pricing for semis and raw materials, which encourages GCC suppliers, including Bahrain Steel, to strengthen their overseas presence. “We see good potential in cooperation with GCC companies, including Bahrain. Big demand, consistent business,” a representative of a Japanese trading company commented.

Over January-July 2021, Bahrain ramped up iron ore exports by 58% year-on-year to 5.4 million t, almost reaching a full-year result of 2020 (around 5.6 million t), according to the International Trade Centre. The lion part of the volumes was purchased by Egypt (1.3 million t), Saudi Arabia (1.3 million t), the UAE (1.2 million t), Oman (769,000 t), and Algeria (563,000 t).

Bahrain Steel operates two iron ore pelletizing plants with a total capacity of 12 million tpy. The producer provides high-quality iron oxide pellets: DR grade pellets for its customers in the Middle East, India, Far East, and Southeast Asia, while BF grade is also utilized from time to time.

 

Share on twitter
Twitter
Share on facebook
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed