Egypt’s exports of iron and steel products rose in the first five months of this year by 179% to record $584 million, compared to $209 million in the same period last year. The monthly report issued by the Export Council for Building Materials indicated that exports were made to 70 countries during that period, including …
$584 million , Value of Egypt’s steel exports in 5 months, up 179% Read More »
Russian scrap export activity is extremely low in late June due to the holidays in Turkey. Turkish companies put scrap imports on hold due to religious holidays. As a result, A3 indicatives are the same as last week at $485/t CFR ($436/t FOB) Turkey for shipments from St. Petersburg and $475-480/t CFR ($429-435/t FOB) from …
Outokumpu has selected SMS group to supply a powder atomizing plant for the production of high-quality metal powder for use in additive man¬ufacturing. For SMS group this plant is the first one worldwide that has been contracted to the subscription model. The mutual agreement paves the way for a long-term and partnership-based cooperation and to …
The Indian government has listed six state-run steel plants, including Rashtriya Ispat Nigam Limited (RINL), for sale, according to the finance ministry. The ministry confirms that no state steel plant has been sold during the last five years. The disinvestment of central public sector enterprises (CPSEs), including steel plants, was guided by the new public …
Indian government lists six state-owned steelmakers for sale Read More »
Libyan Iron and Steel Company organizes a forum under the slogan Our Environment is Our Responsibility The Libyan Iron and Steel Company hosted a dialogue forum under the slogan “Our Environment is Our Responsibility” about (Conference on the Environmental Effects of Pollution 2021), which will be held at the end of this year in the …
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 167.9 million tonnes (Mt) in June 2021, a 11.6% increase compared to June 2020. China produced 93.9 Mt in June 2021, up 1.5% on June 2020. India produced 9.4 Mt, up 21.4%. Japan produced 8.1 Mt, up 44.4%. In …
World crude steel production increased by 14.4% in H1 2021 Read More »
Tosyali Algeria reaches a capacity of 8.5 million tons after the completion of the fourth phase Turkey-based Tosyalı Demir Çelik Sanayi has stated that the fourth phase of the investment at its Algeria-based subsidiary Tosyalı Algeria is continuing. When all the phases are completed at Tosyalı Algerie, the production capacity will reach 8.5 million mt …
The price of natural gas futures rose during Thursday’s trading, supported by expectations of a decline in the supply of crude and following US inventory data. Natural gas succeeded in exceeding $4 per million British thermal units during trading for the first time since December 2018, after falling earlier after data showed US inventories rose …
Price of natural gas exceeds $4 for the first time since December 2018 Read More »
Brazil’s iron ore exports in the first half of 2021 rose 15% year-on-year, according to data released Brazilian Mining Institute IBRAM. The institute said that Brazilian iron ore exports in H1 this year amounted to 167.1 million mt, an increase of 15% compared to same period of 2020, which amounted to 145.4 million mt. In …
Brazil’s iron ore exports rise 15% in the first half of 2021 Read More »
According to the General Authority for Statistics, the average price of a ton of rebar in the Saudi Arabia 3703.45 riyals in June 2021, up 10.5% compared to May 2021, which amounted to 3351.19 riyals, and an increase of 43.8% compared to the price of June in 2020, which amounted to 2574.4 riyals. As for the …
Average prices of steel and cement in Saudi Arabia in June 2021 Read More »
The American Iron and Steel Institute (AISI) reported that the US exported 7,987,038 net tons in May, an increase of 1.8% compared to April 2021 exports of 7,845,008 tons, and up 46.2% from the 5,461,851 net tons shipped in May 2020. Exports in January-May 2021 to 37,938,360 net tons, an increase of 7.8% compared to …
Export prices for Australian coking coal increased again amid limited volumes available for August laycan, though trading activity is expected to soften soon as Asian customers have almost finished restocking. Premium hard coking coal was traded at $210/t FOB this week, $3/t higher than last week level. A 75,000 t cargo of low-volatile material was …
Emirates Steel’s headquarter and warehouse in Musaffah Industrial Area, Abu Dhabi, has received the Platinum Rating for green buildings from Leadership in Energy and Environmental Design (LEED v4) awarded by the US Green Building Council (USGBC), achieving 80 and 82 points respectively. This is a new global recognition of Emirates Steel’s success in implementing the …
Emirates Steel’s headquarter receives LEED Platinum Rating Read More »
Iron ore prices moved up on Thursday amid some bullish expectations in the market caused with the recently announced economic data on Q2. However, iron ore consumption is likely to be reduced in the near future. Trading is in lull after the price increase. Australian fines 62% Fe added $2.5/t over the day reaching $218.75/t …
China Baowu Steel Group surpassed the Luxembourg-based steelmaking giant ArcelorMittal to become the world’s largest steelmaker by volume in 2020, the first Chinese enterprise that tops the list of global steel makers, according to a recent report by Nikkei Asia. Baowu’s crude steel production surged 21 percent to 115.29 million tons last year, driven partly …
China’s Baowu becomes world’s largest steelmaker Read More »
In June this year, China exported 6.458 million mt of finished steel, up 74.5 % year on year, while rising by 22.5 % month on month, as announced by the Chinese customs authorities on July 13. After weak sales in the March-April period amid the tax rebate policy uncertainty, Chinese sellers became more active in …
In June this year, Vietnam’s steel exports amounted to 1.02 million mt, up 4.3 percent compared to May, according to the data published by Vietnam’s General Department of Customs. In the January-June period this year, Vietnam’s steel exports increased by 50.5 percent year on year to 5.88 million mt. Vietnam’s main steel export markets Countries …
Vietnam’s steel exports increase by 50.5 percent in H1 2021 Read More »
According to a statement published in the country’s Official Gazette, Turkey has imposed an antidumping duty (AD) on imports of stainless pipes from Vietnam. During the review period from September 1, 2019, to December 31, 2019, Vietnamese stainless pipe producers were found to have made sales of the given products at less than normal value. …
Turkey imposes AD on stainless pipe from Vietnam Read More »
EU member states formally approved on Tuesday recovery plans submitted by 12 countries — including France, Italy and Spain — while doubts hang over the proposal from Hungary. The European Union is gradually rolling out its 750 billion euro recovery plan and this green light means that the dozen countries can receive the first instalment …
EU Approves Economic Recovery Plans From 12 Countries Read More »
According to the latest figures from the US International Trade Commission, US iron and steel scrap exports totaled 2,029,311 mt in May 2021, a 24.5 percent increase month – on – month and a 41.6 percent increase year-on-year. Mexico was the largest recipient of US iron and scrap exports in May with 331,738 mt, up …
US scrap iron exports exceed 2 million mt in May Read More »
In May this year, Turkey’s cold rolled coil (CRC) imports decreased by 38.7% compared to April to 48,133 mt, down 4.3% compared to May 2020. The value of these imports was $42.30 million, decreasing by 29.0% compared to April and up 51.1% year on year. Meanwhile, in the first five months of this year, Turkey’s …
Australian coking coal exporters continued to push their prices higher amid limited available volumes and stronger demand in SE Asia, while Russian suppliers man-aged to sign a contract with Chinese buyers this week. Premium hard coking coal surged by $7-9/t to $207/t FOB compared to the last week range, “We seen increasing demand in SE …
Coking coal rises further on limited supply, higher demand Read More »
The European Commission has announced that the definitive antidumping (AD) duty on hot rolled flat products of iron, non-alloy or other alloy steel (HRC) imports from Turkey is effective as of July 5 this year. The Commission announced definitive antidumping duties on the given product from Turkey in April and stated that the duties would …
EU’s definitive AD duties on HRC from Turkey come into force as of July 5 Read More »
According to the data provided by the Turkish Statistical Institute (TUIK), in May this year Turkey’s hot rolled coil (HRC) imports increased by 197.8 % year on year to 528,063 metric tons, up 26.8 % compared to April. The revenue from these imports amounted to $418.65 million, up 36.5 % month on month and increasing …
Turkey’s HRC import volume up 70.5 % in January-May Read More »
Despite the unprecedented measures to curb the pandemic spreading, Oman remains deeply concerned about the matter. The authorities were forced to make a tough decision and implement additional restrictions during religious holidays. The Supreme Committee decided to introduce total lockdown in the Sultanate during the Eid Al Adha holidays. Oman banned travel movement and shut …
Oman to extend evening lockdown, no major impact on steel industry Read More »
In the January-May period of this year, Turkey’s billet import volume amounted to 1.63 million mt, increasing by 178.3 percent, while the value of these imports increased by 272.3 percent to $946.37 million, both year on year. In the given period, Turkey imported 911,732 mt of billet and bloom from Russia, up 180.36 percent year …
Turkey’s billet imports up 178.3 percent in January-May, including three Arab countries Read More »
Under the patronage of His Excellency the Minister of Public Business Sector Mr. Hisham Tawfiq Shahd, Accountant Imad El Din Mostafa – Chairman of the Board of Directors of the Holding Company for Chemical Industries, and Eng. Mohamed El Saadawi Mostafa El Saadawi – Executive Managing Director of the Holding Company for Metallurgical Industries Signing …
Ending the historical disputes between “Kima” and “Iron and Steel Mines and Quarries” Read More »
In May this year, Turkey’s rebar exports amounted to 686,425 metric tons, up 9.0% compared to April and increasing by 132.4% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). The revenue generated by these exports totaled $428.31 million, increasing by 12.9% compared to April and up 249.1% year …
Turkey’s rebar exports increase by 33.6,Yemen tops of Arab countries Read More »
Container freight prices rose to record levels about 18 months after the outbreak of the Covid pandemic, which disrupted supply chains and increased demand for sea freight very dramatically. “We’re basically short on empty ships and containers,” Alan Murphy, president of consultancy Sea Intelligence, told AFP. “There is a huge shortage of empty containers, they …
In May this year, Turkey’s scrap imports continued to increase both month on month and year on year. The import volume in May alone came to 2,029 million mt, up approximately 23 percent month on month, according to the data provided by the Turkish Steel Producers’ Association (TCUD). EU maintained its number one position among …