By John Lee. The board of Iraq's Industrial Cities Authority has discussed the establishment of an integrated industrial city for iron and steel production at the site of the State Company for Iron and Steel (SCIS) in Basra, as part of the Basra Economic Capital project. The industrial city will integrate sponge iron [direct reduced […]
By John Lee. Iraqi company Muhaj Baghdad has awarded Italy's Danieli the contract to build a new rolling mill plant for rebar production. The plant will be located in the industrial area of Al-Hilla near Baghdad and will have a capacity of 500,000 tons per year. According to a statement from Danieli, the plant will […]
By John Lee. KRG Prime Minister Masrour Barzani has inaugurated the Van Steel Iron Factory in Erbil. According to a statement from the KRG, the factory, operated by Galiawa Group, is now the largest iron and steel facility in the Kurdistan Region and Iraq. In his speech, Prime Minister Barzani thanked Galiawa Group for their […]
By John Lee. Jordan's Al Tanmiya Steel has completed the sale of its Iraqi steel operations for $195 million. Al Tanmiya had full ownership of the Iraqi Al Anmaa for Construction Materials Production, which operates a steel plant (pictured) in Khor Al-Zubair, Basra. Al Anmaa has been bought by Alghad Almutkamel for General Trading and […]
By John Lee. Construction has reportedly begun on a $340-million steel factory in Erbil. According to Kurdistan24, the plant will produce 750,000 tons of steel annually, some of which will be produced from scrap. It is expected to open in February 2022. More here. (Source: Kurdistan24)
KRG Prime Minister Masrour Barzani on Tuesday inaugurated the largest and most advanced steel factory in Iraq and the Kurdistan Region which will create 1,000 job opportunities, a flagship project of the Kurdistan Regional Government's ambitious economic reform agenda. At the inaugural ceremony, the Prime Minister affirmed the industrial project is one of many strategic […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Sponge iron factory in Basra – State Company for Iron and Steel (SCIS) (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By John Lee. Abu Dhabi-based Emirates Steel is reportedly considering expansion into Iraq. Chief Executive Saeed Al Remeithi told The National: "We’re always looking at new markets, one of which we are targeting now is Iraq ... "Iraq is a big growth market for us, and from the logistics point of view it is very […]
By John Lee. The State Company for Steel Industries, part of the Ministry of Industry and Minerals, has re-announced opportunities to invest in the steel industry in Iraq. More details here. (Source: National Investment Commission)
Iran's South Rouhina Steel Complex has reportedly sent 500 tons of rebar to Iraq. The Iranian trade attaché to Iraq, Naser Behzad, is quoted by IRNA as saying that the consignment was worth $250,000. 'Exports to Iran have paved the way for sending standard goods,' he said. South Rouhina Steel Complex has the capacity to […]
By John Lee. Iraq's State Company for Steel Industries, which is owned by the Ministry of Industry and Minerals, has announced an investment opportunities to participate in the management and production of the following projects in accordance with the requirements fixed in the investment profiles: Sandwich Panel production Built-up sections and bridge girders production Metal […]
Japan's Marubeni-Itochu Steel has joined the Iraq Britain Business Council (IBBC). The company is a joint venture between Marubeni Corporation and Itochu Corporation, established in October 2010 when the two companies merged their respective steel divisions. Its Tubular Products Division, which operates under the name Marubeni-Itochu Tubulars, supplies tubular products for the energy sector; its […]
