10,743.20 TRY BIST 100 BIST 100
5.67 CNY CNY CNY
46.32 EUR EUR EUR
40.59 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
40.29 TRY Interest Interest
71.84 USD Fossil Oil Fossil Oil
47.99 USD Silver Silver
4.42 USD Copper Copper
99.86 USD Iron Ore Iron Ore
332.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,309.48 TRY Gold (gr) Gold (gr)

Emirates Steel and Bahrain Steel sign pellet supply agreement

Emirates Steel Arkan (ESA) and Bahrain Steel Company have signed a five-year, $2bn deal to supply high-quality iron ore pellets.

Emirates Steel and Bahrain Steel sign pellet supply agreement

They added that the signing ceremony, organised during the Industrial Partnership for Sustainable Economic Growth initiative in Bahrain, cemented the strategic partnership between Emirates Steel Arkan and Bahrain Steel.

"Through this strategic partnership, we aim not only to promote integrated industrial growth, ensure a stable supply chain and enhance the foundations of our steelmaking capacities, but also to strengthen economic ties within the Gulf Cooperation Council (GCC)," said Saeed Al Remeithi, CEO of ESA.

"The five-year contract underlines our commitment to provide high quality iron ore oxide pellets to meet the evolving needs of Emirates Steel Arkan," added Dilip George, CEO of Bahrain Steel.

Emirates Steel Arkan, majority owned by ADQ, is the largest steel and building materials producer in the United Arab Emirates, supplying local and more than 70 international markets.

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

Most read news

Qatar's customs and tax system makes things easy for investors

Friday, August 1, 2025

Which Countries Did Trump Impose Tariffs On, and How Much?

Friday, August 1, 2025

İSO Chairman Bahçıvan: “Alarm Bells Are Ringing in Industry, the Situation Is Very Serious”

Friday, August 1, 2025

DP World signs $800 million, 30-year deal to develop Tartus Port

Friday, August 1, 2025

Merz: EU to discuss steel export quotas with US

Friday, August 1, 2025
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