Arab Iron and Steel Union organizes its annual conference “15th Arab Steel Summit” on 7-8 November 2022, in Manama city, Kingdom of Bahrain, under the patronage of H.E. Zayed Bin Rashid Al Zayani, Minister of Industry and Trade in the Kingdom of Bahrain, which acquires special importance to what the Steel Arab Industry witnesses as changes
15th Arab Steel Summit Read More »
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
Bahrain Steel intends to enter the Chinese market by exporting 200,000 t in 2021 Read More »
SULB, a major steel producer serving international markets, inaugurated the newly constructed Wharf. The new private port facility, located at Salman Industrial City in Hidd, is set to significantly enhance the company’s supply chain and deliver strong environmental and economic benefits for the Kingdom of Bahrain and its customers. High level dignitaries, SULB’s Board and
SULB inaugurates $20mn wharf at Salman Industrial City in Hidd Read More »
The Bahraini Cabinet approved a draft law amending the value-added tax, and increasing it from the current 5% to 10%, starting from January 2022. The Council referred the draft law amending the value-added tax to Parliament for approval. The Bahrain government said in a statement on Monday that the annual growth of real GDP reached
Bahrain government approves value-added tax increase to 10% Read More »
A further step towards energy-efficient and low-GHG steel production enabled by digitalization, SULB and SMS digital, a company of SMS group, cooperate with Vetta and Midrex Technologies, Inc. are partners to the project. SULB operates an integrated steelworks in Hidd, Bahrain. A key asset of the mill is the flexible combi-caster. In 2011, SMS supplied
Sulb and Sms Digital Join Forces In Optimizing Energy Read More »
The International Monetary Fund has revised its forecast of real GDP cuts in 2020 for all Gulf countries except Saudi Arabia, warning that the economic outlook is worsening for many emerging markets amid the Coronavirus crisis. In its latest report on the global economic outlook, yesterday, the Fund revised its previous forecast for Saudi Arabia,
The IMF expects the return of economic growth in the Gulf in 2021 Read More »
On July 21, the Gulf Cooperation Council Technical Secretariat (TSAIP) will hold a public hearing on imposing import safeguards on flat products, long products, angles, and pipes. It is noted that the investigation was opened in October last year. Steel industry members from the Gulf Cooperation Council countries are invited to participate. As the steel
GCC to hold steel safeguard hearing this month Read More »
Mr. Meshary Al-Judaimi was appointed in April 2020 as the new Chairman of the Board of the Bahrain-based Foulath Holding (B.S.C) and Bahrain Steel (B.S.C). Mr. Al-Judaimi represents Gulf Investment Corporation (GIC), the largest shareholder of Foulath. Mr. Al-Judaimi is the Group Head of Principal Investment at GIC. He is the senior executive responsible for
Mr. Meshary Al-Judaimi Chairman of the Board Foulath and Bahrain Steel Read More »
BAHRAIN SULB Capacity 2017 – 1000 tons PLANS iron ore DRI EAF steel semi-finished products Section BAHRAIN STEEL 11000 UNITED STEEL COMPANY (SULB) 1500 850 850 600 Capacity 2018 – 1000 tons COMPANY Long Products Semi-Finished EAF Steel DRI UNITED STEEL COMPANY (SULB) 600 1070 1070 1600