9,900.25 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
34.01 USD USD USD
37.97 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.78 TRY Interest Interest
75.03 USD Fossil Oil Fossil Oil
30.97 USD Silver Silver
4.33 USD Copper Copper
92.13 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,885.74 TRY Gold (gr) Gold (gr)

Industrial growth soars across North Africa and Middle East with major DRI/HBI projects

In a notable industrial surge across North Africa and the Middle East, several nations are advancing ambitious projects to enhance their Direct Reduced Iron/Hot Briquetted Iron (DRI/HBI) production capacities.

Industrial growth soars across North Africa and Middle East with major DRI/HBI projects

In a significant industrial upswing across North Africa and the Middle East, several countries have embarked on ambitious projects to boost their Direct Reduced Iron/Hot Briquetted Iron (DRI/HBI) production capacities. The latest data reveals that Algeria leads the charge with two major projects: a 2.5Mtpa DRI/HBI plant operated by Tosyali Algérie in Bethioua and another 4Mtpa Green HBI plant by Algerian Qatari Steel in Bellara.

Neighboring Libya follows suit with an impressive 1.5Mtpa DR Pellet facility by VALE located near Misurata. Further west, Mauritania has entered the scene with a substantial investment into a 2Mtpa DR Pellet project managed by SNIM.

Shifting focus to the Arabian Peninsula, Saudi Arabia showcases its industrial prowess with four significant projects: two 4Mtpa DRI plants—one by ESSAR in Jubail and another by HADEED/SABIC—alongside a smaller yet strategic 1.8Mtpa DR Plant also situated in Jubail under JFE’s management.

Oman completes this regional development snapshot with two noteworthy initiatives: a sizeable 12Mtpa Concentrate venture at Vale’s Sohar complex and an additional 9Mtpa DR Pellet plant operated by Jindal Shadeed Iron & Steel LLC.

These developments not only highlight the region’s commitment to expanding their steel production capabilities but also signal potential shifts in global steel markets as these high-capacity facilities come online.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

China’s stainless steel exports increased by 33.4% in August

Monday, September 23, 2024

South Korea's ferrous scrap imports decreased by 46% in August

Monday, September 23, 2024

Taiwan gains importance in Indonesia's stainless steel exports

Monday, September 23, 2024

Thailand to launch AD investigation into CRC’s imported from Vietnam

Monday, September 23, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now