green   Interpipe Appoints New Sales Executives in Interpipe Middle East and North American Interpipe
    Interpipe has appointed Mr Jorge Manuel Barroso as VP of Sales for Northern and Southern America and Mr Rami Mahmoud as VP of Sales for Middle East and Africa. Mr Mahmoud and Mr Barroso will be responsible for development and implementation of sales and marketing strategy for their regions, increasing of market share and maintaining relationships with key customers in the regions. Both top managers have already entered upon their duties. Mr Fadi Hraibi CCO Interpipe said, “Mr Rami and Jorge have been working in pipe business for many years. Both of them have a great experience as directors of sales in global companies. Strengthening of the sales team by such experienced managers will open additional opportunities for the growth on strategic regions of MENA and NAFTA and help to achieve new stage of development.” Mr Mahmoud has a long standing experience in sales management and metallurgical industry. Before joining Interpipe Rami Mahmoud held the position of Middle East Division Manager at Victaulic (largest producer of pipe connections systems). He holds a B.S. degree in Mechanical engineering from the University of Jordan (Amman). Before Interpipe Mr Barroso used to work with Tenaris on a position of Director of sales in South-Eastern Asia. Jorge Barroso worked with Tenaris for 15 years. Mr Barroso graduated from the Fundaci?n Universidad de las Americas, Puebla, A.C with bachelor degree in industrial construction as well as he got a degree of MBA in industrial sector.
green    Qatar Steel Taps Increased Local Rebar Demand 
    Demand for rebar in Qatar is expected to rise and average out annually to within the 1.6 million metric tons/year production capacity of Qatar Steel (Qasco), thanks to the $205 billion in anticipated infrastructure projects during the 2013-2018 period, according to Abdulrahman Al Shaibi, chief coordinator at Qasco's parent company, Industries Qatar. “Should consumption exceed our capacity at any stage of the period to [the football World Cup in] 2022, Qatar Steel is well equipped to source the additional demand, as it has in the past, when it organised large quantities from other suppliers to meet the market requirements in Qatar and the GCC,” Al Shaibi said in a report by Oxford Business Group. “In regards to the need for new steel product lines exclusively in Qatar, preliminary investigations have so far reported no significant volume requirements for other types of steel,” Al Shaibi continued. “If this changes, Qatar Steel is constantly in touch with all government and technical sources to enhance its market intelligence and gear up for any changes in local steel market requirements.” Qatar Steel commissioned a new 1.1 million metric tons/year electric arc furnace in January, as previously reported, taking billet capacity to 3.2 million mt/year. However, it did not add any additional rolling capacity. The firm also owns a 300,000 mt/year rebar and 250,000 mt/year wire rod re-roller in Dubai. Qatar-based re-roller Al Watania Steel, meanwhile, produces up to 400,000 mt/year of rebar and wire rod from billet sourced from Germany and Turkey. Qatar's long product imports are minimal compared to other Middle Eastern countries, totalling 85,000 mt in 2012, down from 591,000 mt in 2008, according to World Steel Association figures..
green   Turkish Seamless Steel Pipe Imports Jump in April
    According to data released by the Turkish Statistical Institute, the country's imports of seamless steel pipes totaled 26,895 tonnes in April, soaring by 96% YoY. In April, China was the largest exporter of seamless steel pipes to Turkey with 16,816 tonnes; Ukraine was the second largest one with 2,714 tonnes and Germany was the third largest one with 2,574 tonnes. In January to April period, the country's seamless steel pipe imports amounted to 93,314 tonnes, falling by 1.2% YoY.
green   Emirates Steel Lowers Cost with $1.3bn Refinancing Deal
    Abu Dhabi's Emirates Steel has obtained $1.3 billion in credit facilities, becoming one of a string of UAE firms to lower its cost of borrowing as a strong economy encourages cash-flush banks to lend at low rates. The facilities, secured from 19 local and foreign banks, will be used to refinance an existing $1.1 billion facility and purchase assets, the company said. “The company has been able to significantly reduce its borrowing costs and drive the pricing down. We have also extended the loan tenor to eight years, which allows us more flexibility in managing our financial resources,” the steelmaker's chairman Hussain Al-Nowais said, without specifying the pricing terms of the new facilities. In March, when the refinancing deal was being put together, banking sources said that Emirates Steel had succeeded in reducing the margin it paid on its borrowing to around 160 basis points over the London interbank offered rate (Libor) from about 200 bps. Emirates Steel plans to spend $263 million on acquiring steel assets from its parent General Holding Corp. (Senaat), an Abu Dhabi state holding company, as part of a consolidation designed to make the firm more competitive.
green   Tata Steel Wins Makkah-Madinah Rail Project
    Tata Steel has won an order to manufacture 60,000 tons of high-quality rails for a new high-speed line linking Makkah and Madinah. The new railway will allow millions of pilgrims to cross the 444 km between the two holy cities at speeds of 200 mph (320 kmph). The line will cross desert, withstanding temperatures ranging from freezing to 50oC, as well as sandstorms, flash flooding and shifting dunes.
Gerard Glas, rail sector head for Tata Steel, said: “This is a prestigious project which will see the holy cities being linked by rail for the first time. “Tata Steel is delighted to be contributing to this high-speed line, which will have to overcome some major challenges presented by building a high-capacity rail line across some of the most extreme terrain in the world.” Steel for the project will be made at Tata Steel's Scunthorpe plant before being rolled into rail in lengths of 25 meters both there and at the company's plant in Hayange, Northern France.
Work on producing the rail will start at the end of this year and is expected to continue throughout 2014. Tata Steel rail has already been used successfully in similarly challenging conditions for projects in Brazil and Mauritania. Last year, the Saudi Railways Organization awarded the contract for the final phase of completing, running and maintaining the Haramain High-Speed Rail Project to a group of Spanish infrastructure, construction and technology companies. The new line is expected to carry around 160,000 people a day — and even more during the Haj pilgrimage. They will be transported on a fleet of 35 new high-speed trains. The project started in 2009, with an estimated cost of more than 12 billion euros. The new rail line is set to open to the public in late 2014 or early 2015. Aside from the two holy cities, the line will have three other stops — two in Jeddah for commuters and one in the new King Abdullah Economic City, a prestigious Saudi residential, industrial and commercial macro-complex that is being built. Spanish construction companies — Copasa, Imathia and OHL — are responsible for building the line's superstructure and the track bases, as well as for the line's mechanisms.
The European operations of Tata Steel comprise Europe's second largest steel producer. With the main steelmaking operations in the UK and Netherlands, they supply steel and related services to the construction, automotive, packaging, lifting and excavating, energy and power, aerospace and other demanding markets worldwide. The combined Tata Steel group remains one of the world's largest steel producers, with an aggregate crude steel capacity of more than 28 million tons and approximately 80,000 employees across four continents.
    This section is a compilation from various company press releases, business dailies &
trade publications