In early March (March 1-10) this year, the average price in China of 16-25 mm HRB 400 rebar increased by RMB 55.2/mt ($8.5/mt) or 1.2 percent to RMB 4,672/mt ($719/mt) compared to prices in late February (February 21-28), as announced by China’s National Bureau of Statistics. In the given period, average prices of wire rod, …
Local Chinese rebar prices up 1.2 percent in early March Read More »
China’s crude steel output rose 12.9% in the first two months of 2021 compared with a year earlier, as steel mills increased production in expectation of more robust demand from the construction and manufacturing sectors. China produced 174.99 million tonnes of crude steel in January and February, National Bureau of Statistics (NBS) data showed on …
China’s crude steel output by 13% in January-February on firm demand outlook Read More »
Sider El Hadjar Company is currently in the process of exporting a shipment of hot-rolled steel coils estimated at 15 thousand tons from the port of Annaba towards Italy within the framework of an export program for 2021, as informed by the company’s chairman, Jamila Lebyoud. In a statement to Radio Algeria at the headquarters …
Algeria: Sider El Hadjar exports 15,000 tons of HRC to Italy Read More »
Australian coking coal prices continued to drop in deals amid sufficient supply in the Asian market. Premium hard coking coal has decreased by $5/t to $118-120/t FOB this week. The Chinese market has been quiet amid strict environmental measures imposed on steelmakers in Tangshan, the main steel producing city in the country. No deals for …
Brazilian miner and iron ore producer Vale said it expects to add 7 million mt of iron ore capacity at its Timbopeba mine. The company said it commenced the commissioning process of the mine, which should take two months. Afterward, the mine is expected to operate with a capacity of 12 million mt/year of iron …
The German car manufacturer BMW intends to reduce carbon dioxide emissions in the production of steel used in the manufacture of its cars over the next ten years by two million tons. In order to achieve this goal, the company intends to invest in a carbon dioxide-free steel production process developed by the US startup …
“BMW” intends to reduce carbon emissions in steel production Read More »
In February this year, Ukraine’s pig iron exports rose by 15.5 percent year on year to 189,000 mt, according to Ukrainian customs data. Meanwhile, in terms of value Ukraine’s pig iron exports in the given month increased by 57.1 percent year on year to $76.1 million. Overall, in the January-February period of the current year, …
Ukraine’s pig iron exports up 15.5 % in February Read More »
The Board of Directors of SNIM has approved the appointment of Mr. Mohamed Vall Mohamed TELMIDY as Bord member and CEO of the company. State Engineer, Mr. Mohamed Vall Mohamed TELMIDY, since June 2017, held the position of Sales Director of SNIM, in charge of the Company’s sales and marketing policy. Mr. Mohamed Vall Mohamed …
Mr. Mohamed Vall Mohamed TELMIDY appointed Board member and CEO of SNIM Read More »
The euro zone economy contracted less than expected in the fourth quarter of 2020 amid pandemic-induced lockdowns, initial EU estimates showed on Tuesday, but it is heading for another, probably steeper decline in the first quarter of this year. The European Union’s statistics office Eurostat said that according to its preliminary flash estimate, gross domestic …
Euro zone fourth-quarter GDP falls less than expected Read More »
In the January-February period this year, China exported 10.14 million mt of finished steel, increasing by 29.9 percent year on year amid effective control of Covid-19 and recovering demand in overseas markets, as announced by the Chinese customs authorities on March 7. Slowing domestic demand in China in late 2020, when the majority of export …
China’s steel exports surge by almost 30% to 10 million mt in Jan-Feb Read More »
For the first in the history of the country, Tosyali Algeria company exports its products of billets 100% locally manufactured, where 8700 tons are shipped as well as 7850 tons are shipped from 3 to 10 March 2021 to Turkey. And about 15,000 tons of billets at the end of March 2021.
Exports in dollar terms skyrocketed 154.9% in February compared with a year earlier, while imports gained 17.3%, the most since October 2018. The data did not include figures for January alone. In the January-February period, exports jumped 60.6% from a year earlier, when lockdowns to contain the pandemic paralysed the country’s economic activity. That exceeded …
China February exports post record surge from COVID-19-depressed 2020 levels Read More »
Egypt’s exports of “iron and steel” increased by 30% during January 2021, to reach $64 million, from $49 million in the same month of 2020. The Building Materials Export Council in Egypt stated, in its monthly report issued on Saturday, that steel was exported to 37 countries, including 7 countries in January 2021, which were …
Egypt : Steel exports rose 30% in January, recording $ 64 million Read More »
Iron and steel industry experts in china suggest that importing more semi-finished steel (crude steel) like billets from countries including India, Indonesia, Russia and Germany is a potential solution to the plight that domestic steel supplies are insufficient to meet the surging demands as China seeks to cut carbon dioxide emission to achieve the carbon …
Experts: China may increase imports of semi-finished steel to meet home demand Read More »
The Ministry of Energy and Mines confirmed that Algeria will be able to self-sufficiency in iron ore by 2025 thanks to the development of the iron mine in Gara Djebilet in Tindouf province. Algeria intends to reach 12 million tpy of iron ore production by the mentioned year, fully covering the requirements of local steelmakers, …
Algeria targets self-sufficiency in iron ore by 2025 Read More »
The Standard Chartered Company, which specializes in financial and banking services, issued a report highlighting the economic outlook in the Middle East region during the year 2021, after a difficult year witnessed by world economies following the outbreak of the Coronavirus pandemic. The report reflects expectations of a relatively slow recovery in the Middle East, …
The U.S. Commerce Department on Tuesday issued final anti-dumping duties on common alloy aluminum sheet from 18 countries investigated, including up to 242.8% on imports from Germany and 4.83% on imports from Bahrain. The duties were announced just hours after Rhode Island Governor Gina Raimondo won confirmation as the new U.S. Commerce Secretary in an …
U.S. Commerce sets anti-dumping duties on aluminum sheet from 18 countries Read More »
In a preliminary determination the Canada Border Services Agency (CBSA) on Feb. 4 found that steel reinforcing bars from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam were being dumped into the Canadian market. The CBSA established preliminary antidumping duties in the range of roughly 4%-28%. Provisional duties will now be payable on the subject …
The iron and steel company “Tosyali Algeria” has exported 27,000 tons of rebar to the United States of America, according to what was benefited on Monday by the communication cell of the same company. The cargo was shipped as part of the third export of the company’s various products this year, and it included the …
Tosyali Algeria exports 27,000 tons of rebar to the United States Read More »
A Swedish company backed by investors, including the founder of Spotify, plans to build a steel production facility in the north of the country, which will be powered by what it describes as “the largest green hydrogen plant in the world.” H2 Green Steel, founded in 2020, will focus on producing steel made through a …
Sweden plans to build the world’s largest green hydrogen plant Read More »
Emirates Steel, the leading integrated steel plant in the Middle East, announced its plans to add Hot Rolled Coils (HRC) to its wide-range products portfolio so that it can mainly meet the needs of the local and regional markets of the high-quality flat products. This is aligned with the goals of Abu Dhabi Economic Vision …
Emirates steel sets its compass towards steel flat products Read More »
China’s major steel mills saw their average daily output of crude steel rise 24.38 percent year on year in mid-February, according to data from the China Iron and Steel Association. Major steel producers churned out 22.82 million tonnes of crude steel in mid-February. Daily production of pig iron jumped nearly 17 percent from a year …
China’s daily output of crude steel jumps 24.38 pct in mid-February Read More »
Brazilian miner and iron ore producer Vale went from a net loss of $ 1.5 billion in Q4 2019 to post a net profit of $ 739 million in Q4 2020, the company said this week while releasing its quarterly results. Vale said net revenues in Q4 2020 was $ 14.7 billion, 48.2 percent up, …
Lebanon is on its way to a gradual recovery of business activity after a long-lasting total lockdown,due to the coronavirus pandemic. Lebanese business entities were allowed to gradually open since February 22. As a result, steel traders resumed their operations, although at a reduced scale. They are not in rush to book huge volumes of …
Lebanon expects recovery in steel market activity Read More »
China cut its coal use to 56.8 per cent of energy consumption at the end of 2020, maintaining its target of below 58 per cent, but overall coal consumption continued to rise amid record industrial output and the completion of dozens of coal-fired power plants. The rapid roll-out of renewable-energy capacity and the growing use …
China’s coal consumption share falls to 56.8% at end-2020 Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.9 million tonnes (Mt) in January 2021, a 4.8% increase compared to January 2020. In Asia, China produced 90.2 Mt of crude steel in January 2021, an increase of 6.8% compared to January 2020. India produced 10.0 Mt of …
World’s production of crude steel rose 4.8% in January 2021 Read More »
Minister of Public Enterprise Sector Hisham Tawfik said that the Iron and Steel Company for Mines and Quarries will be listed on the Egyptian Stock Exchange within two weeks. The minister explained that the registration of the split company from the Iron and Steel Company is a major and preliminary step and must be done …
The Libyan Iron and Steel Company announced the signing of a memorandum of understanding today with the company «B. L. C »Turkish rolling business, to develop the sectors’ factory, as well as some other maintenance. According to the company, in a statement on Wednesday, a memorandum of understanding was signed today between the company’s management …
According to export data from the US Department of Commerce,US exports of rebar totaled 21,963 mt in December 2020, up 1.9 percent from November and up 124.1 percent from December 2019 levels. By value, rebar exports totaled $14.2 million in December, compared to $13.6 million in the previous month and $6.9 million the same month …
Global iron ore production growth will accelerate in the coming years, bringing an end to the stagnation that has persisted since iron ore prices hit a decade-low average of $55 per tonne in 2015, market analyst Fitch Solutions predicts in its latest industry report. Fitch forecasts global mine output growth to average 2.4% over 2021-2025 …
Global steel production to grow at 32% annual average until 2025 – report Read More »