Tosyali is pursuing investment opportunities in Europe and the Americas as it aims to become one of the world’s top 30 iron and steel producers
The robust profitability in the first half of the year was driven by continued high demand for the company’s steel products and stable margins
The two entities have signed a Decarbonization Strategic Collaboration Agreement as part of a five-year collaboration
The agreement will enable collaboration across shipping, logistics, freight forwarding and port management
Emirates Steel’s exports represented 45 per cent of its total sales volumes last year, with the balance sold within the UAE
Under key terms of the offer, Arkan issued to Senaat a convertible instrument, which converted into 5.1 billion ordinary Arkan shares
Demand is reducing because of decreasing consumption in China and uncertainties in Europe, said the World Steel Association.