Li Shubin, vice chairman of the China Association of Metal scrap Utilization (CAMU) at the 2020 National Steel Scrap Conference in Haikou in South China’s Hainan province predicted that steel scrap prices across China are likely to keep strengthening in the remaining few weeks of 2020. “Earlier this year, the lower scrap production amid the …
China scrap prices seen strengthening by year end Read More »
G20 nations are determined to continue doing everything possible to contain the COVID-19 pandemic, warning in a draft communique that the global economic recovery remains “uneven, highly uncertain, and subject to elevated downside risks”. Bringing the pandemic under control is the key to supporting a global economic recovery, the G20 leaders said in the draft, …
G20 determined to use all tools to contain pandemic Read More »
In October this year, China’s rebar production totaled 23.781 million mt, up 6.5 percent year on year, 3.4 percentage points slower than the increase recorded in September, according to China’s National Bureau of Statistics (NBS). Wire rod production amounted to 15.16 million mt in October, up 14.4 percent year on year, 2.9 percentage points faster …
China’s outputs and prices of rebar and wire rod up in October Read More »
ٍSteel companies in Egypt announced new prices for rebar, with an increase of 500 pounds per ton over the prices of last October, as of November 19, so that the price per ton of Ezz Steel Group, the delivery of the factory land, reached 10600 pounds per ton. Beshay Steel Group announced its price of …
Egypt: Rebar prices increase 500 pounds, from 10100 to 10600 pounds Read More »
In the January-October period of the current year, Ukraine-based mills exported 400,800 mt of steel pipes, down 24.6 percent year on year. In terms of value, Ukraine’s pipe exports in the given period declined by 22.3 percent year on year to $444.5 million. Ukraine’s exports of 298,200 mt of seamless pipes with a value of …
Ukraine’s steel pipe exports down 24.6 percent in Jan-Oct Read More »
Logistical programs and systems to reduce the proportion of solid dust in the air Filter pipes, water pumps, bulldozers, green spaces and high fences to prevent the spread of dust Tosyali iron and steel complex in Bethioua is making great efforts to protect the environment and workers and protect the residents of the Shahriya area, …
“Tosyali Algeria ” complex, great efforts to protect the environment Read More »
Crude steel output slightly dropped in China last month, but remained at a very high level. More production is expected in November, which may impact market prices in the year end. Chinese mills smelted 92.2 million t of crude steel in October, which was 12.7% higher than a year ago, and down by 0.4% (360,000 …
Oil prices rose on Tuesday, thanks to expectations that OPEC and its allies will extend crude production cuts for at least three months, while sentiment boosted news of another promising Corona virus vaccine. Brent crude in January contracts rose 26 cents, equivalent to 0.6 percent, to $ 44.08 a barrel. US West Texas Intermediate crude …
Oil prices are rising and all eyes are on the market Read More »
The average price of Reinforcing iron in the Kingdom of Saudi Arabia increased in October 2020 compared to the same month of 2019 for all sizes, up 12.25% – 15.01%, according to the data of the General Authority for Statistics in the Kingdom. Average prices monthly and annual changes in the KSA – October 2020 …
Average price of Reinforcing iron in Saudi Arabia in October Read More »
Leaders from 15 countries have signed the Regional Comprehensive Economic Partnership, a pan-Asian trade agreement, after a decade of negotiations. “We signed [RCEP] today, after a tough slog of eight years”, said Lee Hsien Loong, Singapore’s prime minister. “This is a major step forward for our region. At a time when multilateralism is losing ground, …
Asia-Pacific countries sign one of the largest free trade deals in history Read More »
Algeria The National Steel Holding Company (SNS) represents the legacy of Algeria’s significant industrial ambitions. More than a key player in the steel sector, it embodies a history forged by the desire to build a strong and sovereign industry. Since its inception, it has established itself as a pillar of national industrial development, …
The industrial output of China during the month of October achieved a growth rate of 6.9 percent annually, almost unchanged from the growth rate recorded last September, according to what was published by “German”. The Chinese National Bureau of Statistics data released today indicated that investment in fixed assets increased by 1.8 percent annually, during …
China’s industrial output grew 6.9% annually during the past month Read More »
The eurozone’s third-quarter GDP expanded by a record 12.6% compared to the prior three-month period, versus a previous estimate of 12.7% growth, a second estimate from Eurostat showed. This marked the best economic performance since data collection began in 1995 and followed a record slump of 11.8% in the second quarter as the coronavirus pandemic …
Eng. Mohamed Al-Saadawi, Chairman of the Board of Directors of the Holding Company for Metal Industries, and Chairman of the General Assembly of Subsidiaries, one of the Ministry of Public Business Sector companies, approved the results of the work of three companies belonging to the fiscal year 2019/2020. The extraordinary and ordinary general assemblies were …
“Mineral Holding” announces the formation of the Board of Directors of El Nasr Pipes Read More »
Tosyali Algeria announced the export of the third shipment of Pilling Pipe, as 60 units a total 708 meters will be depart this week from the port of Oran, , by container for Dakar in Senegal. Tosyali Algeria markets its products in several continental markets, despite the restrictions imposed by the health situation on many …
Tosyali Algeria continues to export steel pipes to Senegal Read More »
Libyan Iron and Steel Company announced the resumption of operations of the hot rolling mill furnace, after a week-long break, including 05 days, to cool it down to be a suitable environment for work inside it, and as a result, the workers at the factory began removing the deposits inside it, as well as restoring …
Libyan Iron and Steel Company to resume work on the hot rolling mill Read More »
Saudi Arabia’s economy shrank 4.2% in the third quarter from a year earlier, government data showed on Tuesday, a smaller contraction than the second quarter when the economy was reeling from coronavirus-linked lockdowns. The economy expanded by 1.2% on a seasonally-adjusted quarter-on-quarter basis in the third quarter from a contraction of 4.9% in the previous …
Saudi economy contracts 4.2% in third quarter, improves from second quarter Read More »
China’s steel exports in October rose by 5.2pc from September to 4.04mn t as Chinese mills shifted supplies to overseas markets with falling domestic prices. But the October exports fell by 15.5pc from a year earlier, according to preliminary customs data. January-October exports fell by 19.3pc from a year earlier to 44.43mn t. Most October …
Hyundai Steel Co. is challenging the U.S. duty rate on some entries of its hot-rolled steel from South Korea, arguing to the U.S. Court of International Trade that the Commerce Department wrongly treated the company’s port usage rights for a Korean harbor as a government subsidy. The U.S. maintains countervailing duties on Koean hot-rolled steel flat …
The General Assembly of Delta Steel Company headed by Eng. Mohamed El Saadawy, Chairman of the Mineral Holdings, approved the results of the fiscal year 2019-2020, and decided to amend the Articles of Association and the Articles of Association in accordance with the amendments to Law No. 203 of 1991 in Law No. 185 of …
More than one million lives have been lost to COVID-19 since the start of the year and the toll continues to rise. Many more have suffered serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. These are difficult times, yet there are some reasons to be hopeful. Testing …
The value of Egypt’s exports of iron and steel in the first 9 months of 2020 decreased by 18%, to $438 million compared to $535 million in the same period in 2019, according to the monthly report issued by the Building Materials Export Council. According to the report, steel was exported to 76 countries, including …
Egypt’s exports of iron and steel decreased by 18% in 9 months Read More »
The financial results of the Saudi Steel Pipes Company “Saudi Pipes” revealed today, Thursday, its shift to profit in the third quarter after the company recorded a net profit of 9.58 million riyals, compared to a net loss of 14.12 for the third quarter of last year. The company explained that its shift to profit …
Saudi Steel Pipe Co. records a profit of 9.58 million riyals in the third quarter Read More »
Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020, including 1,166,000 net tons (NT) of finished steel (down 2.8% and 1.1%, respectively, vs. August final data). Through the first nine months of 2020, total and …
US steel imports Down 21.9% in the first nine months of 2020 Read More »
The euro zone’s economic recovery stalled last month as a second wave of coronavirus cases and restrictions imposed to try and contain it whacked activity in the bloc’s dominant service industry, pointing to a double-dip recession, a survey showed. Alongside their peers, Germany and France — the 19-country bloc’s two biggest economies — have reimposed …
Euro zone economy on track for double-dip recession Read More »
The Ordinary and Extraordinary General Assembly of the Egyptian Iron and Steel Company approved the financial statements for the last fiscal year, and the continuity of the company. The company stated in a statement issued today, Tuesday, that the ordinary general assembly approved the report of the board of directors and the financial statements for …
According to the official statement, Jindal Shadeed sold 480,000 tonnes of steel products during the second Quarter, with a 33% increase in volumes year-on-year. At the same time, the figure decreased on a quartertly basis by 5.9%, but the company increased its revenue over the mentioned period to $226 million. Stronger sales supported the gradual …
Jindal Shadeed strengtens positions in July-September Read More »
El Hadjar complex (Annaba Province) – Algeria – will be allowed to import iron ore in case local production is insufficient, with the aim of solving the problem of supplying raw materials, according to Minister of Industry Farhat Ait Ali Braham in a press interview published on Sunday. Mr. Ait Ali Braham said in an …
Allowing El Hadjar complex to import iron ore to solve the supply problem Read More »
Qu Xiuli, secretary general of the China Iron & Steel Association (CISA), predicted China’s crude steel output to exceed 1 billion tonnes or grow 3-5% on year for 2020 on the backup of strong demand when she spoke at the press conference on October 26 sharing the country’s third-quarter steel market performance. As for the …
CISA: China’s steel output to exceed 1 billion t in 2020 Read More »
South Korean steelmaker Hyundai Steel (Hyundai) has announced its financial results for the third quarter this year. Accordingly, Hyundai Steel has posted a net loss of KRW 45 billion ($39.93 million) for the third quarter, compared to a net loss of KRW 13 billion in the second quarter and a net loss of KRW 66 …