The Building Materials and Refractories Export Council announced that the value of Egypt’s exports of iron and steel in the first 7 months of 2020 to $ 306 million, compared to $ 461 million in the same period of 2019, a decrease of 34%. The monthly report issued by the Council indicated that 10 countries …
Egypt’s exports of iron and steel $306 million in 7 months Read More »
The United States has nearly halved its anti-dumping tariffs on oil pipeline products from South Korean steelmakers, industry sources said Tuesday. The US Department of Commerce has decided to levy a tariff of 4.23 percent to 9.24 percent on South Korean oil pipelines, far lower than the 2018 ruling of up to 18.77 percent. The …
US halves anti-dumping tariffs on S. Korean oil pipelines Read More »
European steel association Eurofer today submitted its registration request in the anti-dumping case against Turkish hot-rolled coil (HRC). If the European Commission accepts the registration, a fee can be levied retroactively for three months before the imposition of provisional measures, if dumping is proven. Temporary measures are to be announced on 23rd December this year …
Eurofer files registration request in Turkish HRC Read More »
Blast furnace No. 2 of Sider El-Hadjar complex (Annaba) – Algeria was put back into service on Friday, September 19, 2020, after a six-month shutdown of activities due to the preventive measures imposed by the Coronavirus (Covid-19) pandemic. The start of the re-commissioning of blast furnace No. 2 was given following the directives of the …
Sider El Hadjar complex: return to service of the blast furnace No. 2 Read More »
The UAE’s Ministry of Economy has announced the extension of the country’s ban on exports of ferrous and paper waste, aiming to support local steelmakers amid the deteriorating market conditions. Accordingly, on September 15 the UAE’s Ministry of Economy issued a directive to suspend the export of raw materials, in particular steel scrap under the …
UAE prolongs ban on scrap exports for another four months Read More »
China’s natural gas consumption is expected to grow at 4.2% in 2020, the slowest pace in five years, a government research report said, after the coronavirus pandemic slowed economic activity and dented demand for energy. Demand for natural gas grew just 1.5% in the first half, the report by the oil and gas department at …
Pandemic to trim China’s 2020 gas demand growth to 4.2% Read More »
The Al-Mukalla Iron and Steel Factory “misc”, located in Al-Rayyan area in Mukalla, the capital of Hadramout Governorate, east of Yemen, has been closed. A commercial source attributed the reason for the closure of the factory to the failure of the local authority in Hadramout to provide a private power station with the fuel that …
Yemen: Closure of Al-Mukalla Iron and Steel Factory in Hadramout Read More »
China’s industrial output accelerated the most in eight months in August, while retail sales grew for the first time this year, suggesting the economic recovery is gathering pace as demand starts to improve more broadly from the coronavirus crisis. An annual decline in fixed-asset investment over January-August also moderated thanks to expanded stimulus from Beijing, …
The Prime Minister, Abdelaziz Jarad, gave the signal to demolish an old furnace in Sider El Hadjar complex in Annaba, which was built in 1968 and sits on an area of 100 hectares. During the visit of his leaders to the boat yesterday, the Prime Minister received explanations regarding the process of dismantling the blast …
Dismantling of blast furnace No. 1 with Sider El Hadjar complex Read More »
The adjusted financial statements of the Egyptian Iron and Steel (Hadisolb) showed a 41.88% year-on-year (YoY) decline in its net losses to EGP 887.37 million in fiscal year 2019/2020, compared to EGP 1.52 billion in the previous fiscal year. he adjusted financial statements of the Egyptian Iron and Steel (Hadisolb) showed a 41.88% year-on-year (YoY) …
Egyptian Iron and Steel Company sees 42% lower net losses in FY19/20 Read More »
With insufficient domestic demand for long steel products, Algerian Qatari Steel (AQS) continues to expand export sales to achieve its targets for 2021. the company opened new overseas markets. Last week, AQS loaded 5,000 tonnes of wire rods to West African from the port of Djendjen. At the beginning of 2021, AQS signed agreements with …
AQS starts exporting 5,000 tons of wire rod to West Africa Read More »
Jordan Arab Mining Company Based on the Arab Economic Unity Council’s resolution which was adopted on 06/10/1975, the Arab Mining Company was established in order to strengthen cooperative relations between Arab countries in terms of investing in mineral wealth. This resolution would result in diverse economic investments in productivity and development projects. This cooperation is …
The Minister of Industry and Minerals, Mr Manhal Al-Khabaz, confirmed that his Ministry would support the State Company for Iron and Steel in Basra, and work on rehabilitating the iron and steel plant and bringing it back to work. The Minister said during his meeting with the General Manager of the Company, Mr Abbas Hayal, …
Iraq: A study to rehabilitate an iron and steel plant Read More »
Emirates Steel worked with ENEC for the ten-year construction period of the Barakah Nuclear Energy Plant. Emirates Steel has proudly announced its contribution to the national achievement of constructing the Barakah Nuclear Energy Plant, the first peaceful nuclear plant in the Arab World. Emirates Steel, the leading integrated steel plant in the UAE, has proudly …
China’s exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed coronavirus lockdowns in a further boost to the recovery in the world’s second-biggest economy. Exports in August rose a solid 9.5% from a year earlier, customs data showed on Monday, marking the …
China’s exports rise the most in nearly 1-1/2 years Read More »
Tosyali Algeria has resumed its steel export operations by scheduling operation to ship 18,000 tonnes of reinforcing bars to the port of Oshawa in Canada. According to a statement issued by the Algerian-Turkish company, after a several-month closure due to the Coronavirus pandemic, Tosyali Algeria is launching a new export operation to Canada. “The volume …
Tosyali Algeria exports 18,000 tonnes of Reinforcing bar to Canada Read More »
U.S. President Donald Trump’s administration took new steps to curb steel imports from Brazil and Mexico on Monday, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio and Michigan. The U.S. Trade Representative’s office said it was reducing Brazil’s remaining 2020 quota for semi-finished steel imports into the …
U.S. moves to curb steel imports from Mexico, Brazil Read More »
in force on imports of stainless steel cold rolled flat products originating from China and Taiwan. The European Steel Association (EUROFER), which represents more than 25% of the total EU production of stainless steel cold rolled flat products, lodged a request for the review on May 27 this year. The product subject to this review …
Russian steel demand is gradually returning as COVID-19 related restrictions ease and construction activity revives. According to Sberbank, the first three weeks of August saw Russian consumers’ expenses restored to the level they were at a year earlier, and Russia’s PMI, which had collapsed to 34% in April-May, recovered to 49% in June-July. Worldsteel figures …
Russian steel demand showing signs of recovery as COVID-19 restrictions ease Read More »
Germany can afford all the measures agreed to help cushion the economic impact of the coronavirus, Chancellor Angela Merkel said on Friday, adding it was right that other EU states benefited more from coronavirus aid than Germany. “(Agreeing on economic relief) is very difficult in a pandemic because you don’t know when it will end,” …
Germany can afford corona economic relief, says Merkel Read More »
According to export data from the US Department of Commerce, US exports of rebar totaled 17,352 mt in June 2020, up 37.2 percent from May and up 61.4 percent from June 2019 levels. By value, rebar exports totaled $11.4 million in June, compared to $7.9 million in the previous month and $8.1 million the same …
It seems that the gas file is still permanently controlling the industrial sector in Egypt during this period, in light of the decline in demand for products exported to some sectors as a result of the increase in their prices locally, due to the high cost of production due to the rise in gas prices …
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in July 2020, a 2.5% decrease compared to July 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production …
World crude steel production decreased by 2.5% in July Read More »
Saudi Arabia’s energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport facilities on the Red Sea, can be completed on schedule, minister Abdul Aziz bin Salman said on Sunday. The 26,500 square km (10,230 square mile) development, first revealed in 2017 with a planned completion …
Saudi energy ministry to assist development of mega economic zone Neom Read More »
Vale’s iron ore exports down in H1 2020 In June this year, Brazilian miner Vale’s iron ore export volume totaled 24.53 million mt, up 27 percent compared to May and decreasing by 0.4 percent compared to May 2019, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). Meanwhile, …
The average prices of some construction materials in the Kingdom recorded a remarkable increase in July, especially iron and cement prices, in conjunction with the increase in the value-added tax rate from 5% to 15%. The average price of rebar/tonne reached 2,947.69 riyals, which is the highest since April 2014, after it recorded 2,971.2 riyals/tonne, …
Saudi Arabia: Rebar touches 3000 riyals and rises to the highest level in 6 years Read More »
Steel demand is expected to decline significantly in 2020-21 in line with a projected contraction in the global economy due to the impact of coronavirus pandemic, Tata Steel NSE 2.22 % has said in its annual report. Most of the steel producing regions are expected to witness a decline in crude steel output due to …
Tata Steel : World economy to see ‘worst contraction’ in 2020 Read More »
Algeria’s energy firm Sonatrach has signed a memorandum of understanding with German oil and gas company Wintershall Dea over potential cooperation in exploration and production in the OPEC member country, Sonatrach said on Monday. The memorandum also includes talks on joint investment abroad, the state-run firm said in a statement. Wintershall Dea has been operating …
Algeria’s Sonatrach, Wintershall Dea sign MoU to boost partnership Read More »
In the first half of the current year, Russia’s steel exports rose by 3.1 percent year on year to 14.4 million mt, according to the official customs data. In particular, in the given period Russia exported 7.7 million mt of semi-finished steel products and 3.7 million mt of flats, increasing by 1.3 percent year on …
TBK Automatisierung und Messtechnik GmbH is one of the new members within the SMS family. The company headquartered in Graz, Austria, is proud to be the competence centre of the SMS group for laser measurement devices. TBK was founded in 1986 as a technical office by Heinz Kotzmuth. Very soon, the company focused on developing …