Arab Steel Summit
Arab Steel Summit

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Metal Holding : Delta Steel Mill to launch the ERP digital transformation project next month

Dr. Wael Youssef, Managing Director of the Holding Company for Metallurgical Industries, revealed that the Delta Steel Mill will launch the new digital transformation project next month, pointing out that the plan of the Ministry of Public Business Sector for digital transformation and mechanization of work systems in affiliated companies is being implemented using the …

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Moroccan mills insist on extension of safeguards both for longs and flats

Having been protected by trade measures for seven years, Moroccan steel producers call for the prolongation of existing safeguards for long and flat products. The local authorities have decided to satisfy the request and already started respective proceedings. The Ministry of Industry, Trade, Investment and Digital Economy opened on August 17, 2021 two separate cases …

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Libya: The Ministry of Industry restarts the oxygen plant of the Libyan Iron and Steel Company

The Minister of Industry and Minerals, Ahmed Abu Heisa, visited the oxygen factory at the wire drawing headquarters of the Libyan Iron and Steel Company, accompanied by the Undersecretary for Production and Industrial Zones, Mustafa Al-Sammo. The media center of the ministries, bodies and institutions of the Libyan government stated that Abu Hissa said, “The …

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BlueScope Steel posts a profit of $875.45 million , expects higher EBIT for H1 FY 2021-22

Australian steelmaker BlueScope Steel has posted a net profit of A$1.19 billion ($875.45 million) for the full financial year 2020-21 ended on June 30, compared to a net profit of A$96.5 million in the previous financial year. The company attributed the increase in its net profit to the higher underlying EBIT. The company’s sales revenues …

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Libya: The Minister of Economy and Trade prohibits the export of scrap

The Libyan Minister of Economy and Trade issued Resolution No. 300 of 2021, which bans the export of “scrap” in all its forms and types. The decision issued on Monday (August 16, 2021 AD) stated that the ban includes “scrap, scrap and scrap, light iron ingots, cast iron and pressed scrap (cars), iron manufactured from …

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EU starts Chinese, Russian CRC anti-dumping duty review

The European Commission says it has started an expiry review on existing anti-dumping duties on Chinese and Russian cold rolled coil. The review, requested by Eurofer, will determine whether to extend the duties beyond their natural ending. The provisional measures were put in place in February 2016, with definitive duties confirmed in August 2016. Russian …

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TAQA Group, Emirates Steel to develop large-scale green hydrogen project for green steel production

Abu Dhabi National Energy Company TAQA Group and Emirates Steel have revealed a partnership to develop a large-scale green hydrogen project to enable green steel production in the MENA region. The hydrogen will enable green and low steep manufacturing, saving energy while creating a sustainable and clean manufacturing process. Under the newly signed memorandum of …

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SMS Supplies World-First Greenfield E-Scrap Recycling Plant For Precious Metals To Ecopolis

SMS supplies world-first greenfield e-scrap recycling plant for precious metals to ecopolis The new plant will recycle electrical and electronic scrap for the recovery of high-purity copper, nickel, gold, silver, and platinum. Following a multi-month commissioning phase, SMS group has handed over a greenfield recycling plant for waste electrical and electronic equipment (WEEE) to Aurus …

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Brazil to review anti-dumping duties on seamless pipe imports from China

The Brazilian Chamber of Foreign Trade started a review of the antidumping duty (AD) order on seamless pipes from China due to its expiry this July. The step is aimed to determine whether the extinction of the antidumping duty on imports of non-alloyed carbon steel tubes, without seam, with circular section and an external diameter …

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ArcelorMittal has best quarter in 13 years on strong steel demand

ArcelorMittal, the world’s largest steelmaker, profited from the continued economic recovery from the COVID-19 pandemic to report its highest quarterly earnings in 13 years, beating expectations, and announced a new share buyback. The Luxembourg-based company also said on Thursday it had raised its forecast for the growth in global steel consumption this year to 7.5-8.5% …

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Rio Tinto’s financial results shine in H1 2021 as iron ore price spikes

Australia’s major miner Rio Tinto has achieved bright financial results in the first half of 2021, supported by a surge of raw materials prices, mainly those for iron ore. “Rio Tinto managed to increase underlying EBITDA and underlying earnings by as much as 118% and 156% to $21.04 billion and $12.17 billion t respectively in …

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China raises export tariffs for some steel products again in green push

hina will raise export tariffs for pig iron and ferrochrome, and remove export tax rebates for 23 steel products from Aug. 1, the second adjustment in three months as it seeks to ensure domestic supply while controlling output to curb emissions. Export tariffs for high-purity pig iron will be lifted to 20% from 15%, and …

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Egypt: 23.3 million pounds in sales of the Iron and Steel Company for Mines in 3 months

The Iron and Steel Company for Mines and Quarries announced that it achieved sales of 23.33 million pounds during the period from April to the end of last June. The company explained in a statement to the Egyptian Stock Exchange, today, Thursday, that its sales rose during the month of June to record 7.83 million …

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The Minister of Industry meets the officials of Imetal Group

The Minister of Industry, Ahmed Zghdar, met today, Thursday, in Algiers, with officials of the iron and steel complex “Imetal Group”, where the situation of the complex and the problems faced by some of its branches were discussed, according to a ministry statement. In this meeting, the minister received “full explanations about the reality of …

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IMF raises growth forecasts for rich nations, dims outlook for developing world

The International Monetary Fund on Tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections. The divergence is based largely on better access to COVID-19 vaccines and continued fiscal support in advanced economies, while …

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Qatar Steel became the first company in the Middle East to achieve “1 Rosette” rating from UK CARES

Qatar Steel became the first company in the Middle East and one of the four companies in the world to achieve “1 Rosette” rating for its good performance compared with other 22 certified companies complying only basic requirements of “PASS” rating, to be approved by the authority of UK CARES under sustainable construction steel certification …

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