In a report, the US banking group Citigroup warned of the strong possibility of fluctuations in iron ore prices in the global market, given that these commodities are currently being traded at a much higher price than the cost margin. The group stated that even with a slight fluctuation in the global market equilibrium, the […]
Citigroup warns of fluctuations in iron ore prices Read More »
The U.S. Court of International Trade upheld former President Donald Trump’s “Section 232” U.S. national security tariffs on steel imports on Thursday, denying a steel importer’s challenge to the duties. A three judge panel at the New York-based federal court, which hears challenges to trade actions under U.S. laws, found that the Commerce Department and
U.S. court upholds Trump’s national security tariffs on steel imports Read More »
A further step towards energy-efficient and low-GHG steel production enabled by digitalization, SULB and SMS digital, a company of SMS group, cooperate with Vetta and Midrex Technologies, Inc. are partners to the project. SULB operates an integrated steelworks in Hidd, Bahrain. A key asset of the mill is the flexible combi-caster. In 2011, SMS supplied
Sulb and Sms Digital Join Forces In Optimizing Energy Read More »
Iron ore production in the US totaled 37 million mt in 2020, down 21.1 percent from the 46.9 million mt produced in 2019, according to a report from the US Geological Survey (USGS) National Minerals Information Center. Shipments of iron ore in the US totaled 34 million mt, down 27.7 percent from the 47 million
US iron ore production down 21.1 percent in 2020 Read More »
Despite some signs of improvement in the demand and price situation, seen in H2, Saudi Iron & Steel Company (Hadeed SABIC), the key local steelmaker, was unable to reverse the negative trend in operational and financial figures. Like most GCC steel producers, The company recorded results in 2020 less than in 2019 due to the
Hadeed SABIC posts weak results in 2020 due to Coronavirus Read More »
Official data revealed that China’s production of iron ore in 2020 increased by 4.3% year on year. China Iron and Steel Association stated that in 2020 crude steel production rose 5.2% year-on-year to exceed 1.05 billion tons, as China is one of the largest steel-producing countries around the world. The association stated that iron ore
China’s production of iron ore increased by 4.3% in 2020 Read More »
The talks with a group Chinese companies for the exploitation of Gara-Djebilet ore deposit (160 km, south east of Tindouf) are nearing “finalization,” the Ministry of Mines in Algeria. The same source explained that “the discussions with a group of Chinese companies are in the final stage and will be signed very soon.” The Minister
The Moroccan government traditionally made an announcement about the distribution of quotas for long steel imports in 2021. The changes in allocation between companies were not drastic, though some key takers had lower volumes this time. The Ministry of Industry, Trade, Investment and Digital Economy distributed long steel volumes between importers under earlier set quotas.
Morocco slightly increases import quotas for rebar, maintains those for wire rod in 2021 Read More »
Global crude steel production reached 1,864.0 million tonnes (Mt) for the year 2020, down by 0.9% compared to 2019. Asia produced 1,374.9 Mt of of crude steel in 2020, an increase of 1.5% compared to 2019. China’s crude steel production in 2020 reached 1,053.0 Mt, up by 5.2% on 2019. China’s share of global crude
Global crude steel output decreases by 0.9% in 2020 Read More »
Crude steel output in Italy declined by 12.2% year-on-year in 2020, despite a double-digit increase in December, Italian steel association Federacciai said . The country’s total crude steel production amounted to 20.35 million tonnes in 2020, down from about 23.19 million tonnes in 2019. Long steel output declined by 9.5%, to 11.16 million tonnes, down
Italy’s steel production falls in 2020 Read More »
In December last year, Japanese crude steel production was up by 3.6 percent compared to the previous month and fell by 3.3 percent compared to December 2019, totaling 7.53 million mt, according to the data released by the Japan Iron and Steel Federation (JISF). Meanwhile, in the given month Japan’s pig iron production totaled 5.64
Japan’s crude steel production is down 16.2% in 2020 Read More »
According to the latest figures issued by the European Automobile Manufacturers Association (ACEA), in December last year, the new car registrations totalled 1.03 million units in the European Union, which led to a decrease of 3.3% compared to 1.06 million units in December 2019. 9.9 million units were registered in 2020, almost three million less
EU new passenger car registrations down 23.7 per cent in 2020 Read More »
The Arab Iron and Steel Union organized a symposium on preventive maintenance systems in the Dakahlia Company for the manufacture and refining of sugar, and a group of engineers of the company’s factories participated in this symposium and the symposium dealt with: – The difference between maintenance technology and maintenance management The concept of maintenance
Just as expected, China’s crude steel output had exceeded 1 billion tonnes for 2020, approximating 1.05 billion tonnes or up 5.2% on year, according to the latest release by the country’s National Bureau of Statistics (NBS) on January 18. The on-year growth was 3.1 percentage points lower than that for 2019, as the battle against
China’s crude steel output had exceeded 1 billion tonnes in 2020 Read More »
Tosyali Algeria started, since January 14, 2021, an export operation of 7,000 tonnes of wire rod from the port of Mostaganem to Mauritania. The products exported from Tosyali Algeria Iron and Steel will reach the port of Nouakchott starting from the 19th of this month. It is worth mentioning that Tosyali products of steel rebar,
Tosyali Algeria exports its steel products to a new African country Read More »
The average price of iron in Saudi Arabia recorded an increase of about 8% in the year 2020, equivalent to 2793.90 riyals, compared to the average price of 2585.80 riyals in 2019. The average cement bag also increased 5.1% in 2020, recording a level of 13.80 riyals for a bag weighing 50 kg, compared to
Steel and cement prices in Saudi Arabia in 2020 Read More »
Earlier in 2020, Turkish producers had mostly preferred to serve the local market and avoid competition with other suppliers in the global arena, but November was marked with a surge in export billet sales. However, the aggregated figures remained very low on annualized base, losing more than a half. The main support traditionally came from
Turkey ramps up billet exports by 65% in November Read More »
Chinese exports grew more than expected in December, customs data showed on Thursday, as coronavirus disruptions around the world fuelled demand for Chinese goods even as a stronger yuan made shipments more expensive for overseas buyers.
China’s export growth beats expectations on resilient global demand Read More »
In 2020, Ukrainian mining companies exported 46.3 million mt, increasing by 16% year on year. In terms of value, Ukraine’s iron ore exports in 2020 rose by 24.8% year on year to $4.24 billion. China with its 60% share of the total value of Ukrainian iron ore exports in 2020 remained the leading consumer. Meanwhile,
Ukraine’s iron ore exports up 16% in 2020 Read More »
Under pessimistic assumptions on the duration of new lockdown restrictions to contain the spread of Covid-19, Bloomberg Economics lowered its first-quarter estimate for the euro-area economy to a 4.1% contraction, after a 1.5% drop in the final three months of 2020. That will mark the second technical recession in the region as a result of
Slower Growth Makes for 4.1% Euro-Area Contraction in the First Quarter Read More »
India-headquartered steelmaker Tata Steel has announced that in the third quarter ended December 31 of the financial year 2020-21 crude steel production at its Indian facilities increased by three percent year on year to 4.60 million mt, while its finished steel sales totaled 4.66 million mt, falling by four percent compared to the same quarter
Tata Steel’s crude steel output in India up 3% in September – December Read More »
The extraordinary general assembly of the Egyptian Iron and Steel Company, one of the companies and the Ministry of Public Business Sector decided today, Monday, to liquidate the Iron and Steel Company after 67 years of its activity. The association clarified today, Monday, that the reason for the liquidation of the Egyptian Iron and Steel
The Iron and Steel Complex “Tosyali Algeria” started, on January 5th, the export of a cargo of 7,000 tonnes of rebar from Mostaganem port towards the Northern Fleet in the United Kingdom. This export is part of a series of exports of Algerian steel products , started by Tosyali Algeria in 2019.
Tosyali Algeria intends to export rebar to United Kingdom Read More »
Stocks of the five major steel products held by 184 Chinese steelmakers continued to rise for the second week from December 31 to January 6, as consumption among end-users remained low, due to sudden winter freeze, while domestic factories continued to maintain high productivity during the period. As of January 6, total stocks of the
China mills’ steel stocks accumulate further Read More »
Oil prices hit their highest level in nearly a year on Friday, gaining 8% on the week, supported by Saudi Arabia’s pledge to cut output and strong gains in major equity markets. Brent crude settled at $55.99 a barrel, climbing $1.61, or 3%, on the day and 8.1% on the week. West Texas Intermediate crude
Oil rises to 11-month high, logs weekly Read More »
The European Union will impose tariffs from Friday on hot-rolled iron and steel products from Turkey based on an ongoing investigation into dumping. The duties will range from 4.8% to 7.6% and affect Turkish companies Erdemir, Isdemir, Colakoglu Metalurji and Habas, according to the text of the EU official journal published on Thursday. The complaint
EU imposes duties on some Turkish iron, steel imports Read More »
The mining project of Ghar-Djebilet (Tindouf) iron deposit, will be launched in January, the Minister of Mines in Algeria , Mohamed Arkab said on Tuesday, 05 January 2021, specifying that negotiations are underway with a foreign partner for the construction of a complex, producing 12 million tonnes/year. “The first major project to come to fruition
Algeria: Ghar-Djebilet iron deposit mining project launched in January Read More »
The steel industry, especially traditional ironmaking, is among the largest contributors to greenhouse gas emissions – in the range of 7-9% of total emissions – because of its significant reliance on coal. While the natural gas-based MIDREX Process, paired with an EAF has the lowest CO2 emission of any steelmaking route using iron ore, there
Egypt Ezz Steel Ezz Steel is one of the fastest growing and most technically advanced steel producers in the world. It is the largest independent steel producer in the Middle East and North Africa, exporting high-quality steel products to many countries around the world. It has become established as a leader in the
Egypt Ezz Dekheila Steel Ezz Steel is one of the fastest growing and most technically advanced steel producers in the world. It is the largest independent steel producer in the Middle East and North Africa, exporting high-quality steel products to many countries around the world. It has become established as a leader in the
Ezz Dekheila Steel Read More »