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Türkiye’s consumption of steel products increased by 18.5% in January-September 2023

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In September 2023, Turkey’s consumption of steel products increased by 30.3% compared to September 2022, reaching 2.8 million tons, according to data from the Turkish Steel Producers Association (TDCU). Steel production in Turkey in September reached 2.89 million tons, an increase of 8.4% compared to September 2022. Steel product exports for the month decreased by …

Türkiye’s consumption of steel products increased by 18.5% in January-September 2023 Read More »

China claims 33% of new shipbuilding orders in global market in October 2023

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In October this year, China attracted 33 percent of new shipbuilding (shipbuilding) orders (820,000 CGT) in the global market, while South Korea claimed a 62 percent share (1.54 million CGT), according to the data issued by Clarksons, the world’s leading provider of integrated shipping services. In October, 2.49 million CGT of new shipbuilding orders were …

China claims 33% of new shipbuilding orders in global market in October 2023 Read More »

ArcelorMittal’s steel production fell by 3.1% in January – September 2023

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ArcelorMittal, one of the world’s largest steel producers, reduced steel production in the January-September 2023 period by 3.1% compared to the same period in 2022 to 44.4 million tons. Exports decreased by 2.3% year-on-year to 42.3 million tons. This was stated in the quarterly report published on the company’s website. Iron ore production in the …

ArcelorMittal’s steel production fell by 3.1% in January – September 2023 Read More »

Sultan Al Jaber: 160 heads of state and government participate in “COP28”

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Dr. Sultan bin Ahmed Al Jaber stressed that the UAE’s hosting of this conference, which will be the largest international conference hosted by the country, and the most important global conference focused on addressing the repercussions of climate change, is a source of pride and pride for all citizens and residents, and a historical milestone …

Sultan Al Jaber: 160 heads of state and government participate in “COP28” Read More »

Appointment of Boulaioune Karim as President General Manager of ٍSider El Hadgar Complex

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Today, November 9, 2023, the inauguration ceremony of Mr. Boulaioune Karim as President General Manager of Sider El Hadgar Complex was held by Mr. Baburi Djamal, President and General Manager of Imetal Group, and Mr. Sedrati Lamin, President and General Manager of Sider Group, in the presence of some of the General Managers of Imetal …

Appointment of Boulaioune Karim as President General Manager of ٍSider El Hadgar Complex Read More »

The latest update on rebar prices in Egypt is November 08, 2023

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According to iron prices daily monitoring in Egypt, rebar prices ranged between EGP 34,000 – and EGP 31,500 EXW. The companies that did not change prices are Ezz Steel EGP 32,135. Suez Steel, EGP 32,050, El-Marakby Steel, EGP 32,000 and El-Garhy Steel, EGP 31,500. The companies that raised prices are Beshay Steel, EGP 39,900, Egyptian …

The latest update on rebar prices in Egypt is November 08, 2023 Read More »

“Saudi Pipes” signs a contract worth 105 million riyals to supply pipes to “Tennars Global”

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Saudi Pipe Company won contracts to supply steel pipes for oil and gas to Tenares Global Service in Uruguay, worth 105 million Saudi riyals. The company said in a statement to Tadawul Saudi Arabia, today, Wednesday, that the contracts were awarded and signed on November 8 for a period of 8 months. The financial impact …

“Saudi Pipes” signs a contract worth 105 million riyals to supply pipes to “Tennars Global” Read More »

Kuwait authorizes the Public Authority for Roads and Land Transport to complete bids for the railway agreement

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The Central Agency for Public Tenders authorized the General Authority for Roads and Land Transport to complete bids for the detailed study and design project agreement, and to prepare documents for the first-stage railway tender, after the Authority opened the 9 bids submitted for the tender. Authority sources pointed out that completing the agreement’s bids …

Kuwait authorizes the Public Authority for Roads and Land Transport to complete bids for the railway agreement Read More »

Saudi Arabia: “Hadeed” allocations cost “SABIC” 2.88 billion riyals

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The Saudi Basic Industries Corporation (SABIC), one of the largest petrochemical companies in the world, announced on Thursday that it had recorded a decline of about 17 percent in third-quarter revenues and a net loss. SABIC said in a disclosure that it recorded a net loss of 2.88 billion riyals ($768 million) during the three …

Saudi Arabia: “Hadeed” allocations cost “SABIC” 2.88 billion riyals Read More »

US rebar imports down 64.1 percent in September with Egypt and Algeria in the lead

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According to preliminary data from the US Department of Commerce, total US imports of rebar reached 55,531 tons in September 2023, down 64.1% from August and 48.6% from September 2022 levels. In terms of value, total rebar imports reached $33.7 million in September 2023, compared to $93.8 million in August, and $82.9 million in September …

US rebar imports down 64.1 percent in September with Egypt and Algeria in the lead Read More »

CEO of Emirates Steel Arkan: 300 million dirhams, the size of the company’s cash flow

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Saeed Ghumran Al Rumaithi, CEO of Emirates Steel Arkan, stressed the company’s strong financial solvency, noting that the volume of its cash liquidity amounts to about 300 million dirhams. Al Rumaithi revealed, in a statement to CNBC, that the company had written off about 61% of its debt portfolio, bringing it down to about 420 …

CEO of Emirates Steel Arkan: 300 million dirhams, the size of the company’s cash flow Read More »

Al-Ahram: Opening of the Arab Steel Summit in its 16th session in Cairo

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The activities of the 16th Arab Steel Summit were launched yesterday in Cairo, entitled “Investment Opportunities in the Iron and Steel Industry in Arab Countries,” which is organized by the Arab Steel Union under the patronage of Engineer Ahmed Samir, Minister of Trade and Industry, and will last for two days. The summit participants observed …

Al-Ahram: Opening of the Arab Steel Summit in its 16th session in Cairo Read More »

Akhbar Elyom : 6 challenges facing the industry and global turmoil affecting the region

Journalism / By

The iron and steel industry is considered one of the most important strategic industries in the world because it is one of the main components in many products. The industry witnessed growth and prosperity until 2020, and with the beginning of the Corona pandemic, the Russian-Ukrainian war, inflation, the decline in global investments, trade wars …

Akhbar Elyom : 6 challenges facing the industry and global turmoil affecting the region Read More »

Egypt: The business sector is discussing with the Chinese “Shengli” cooperation in developing Delta steel

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Mahmoud Esmat, Minister of the Public Business Sector, discussed with Cheng Chuite, Chairman of the Board of Directors of the Chinese Shengli Group of Companies, and the delegation accompanying him, aspects of cooperation and ways of partnership to continue the Delta Steel Company development project, increase operation, reach production to maximum capacity, and add new …

Egypt: The business sector is discussing with the Chinese “Shengli” cooperation in developing Delta steel Read More »

Al-Ahram: The Steel Summit began with a minute of mourning and condemnation of the aggression and reveals the challenges of the steel industry and the decline in per capita consumption in the Arab world to 100 kg

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Although its files or topics up for discussion do not intersect with politics, what is happening in the region in terms of the brutal aggression carried out by the occupation forces against Gaza has overshadowed the Steel Summit organized by the Arab Iron and Steel Union and which was launched today in Cairo with a …

Al-Ahram: The Steel Summit began with a minute of mourning and condemnation of the aggression and reveals the challenges of the steel industry and the decline in per capita consumption in the Arab world to 100 kg Read More »

KUNA Agency: The launch of the Arab Steel Summit to discuss economic changes in the world

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The activities of the 16th Arab Steel Summit were launched today, Sunday, in cooperation with the Egyptian Ezz Steel Company to discuss the economic, geopolitical and climatic changes that the world is witnessing and their significant impact on the iron and steel industry, Arab and global. In his opening speech at the conference, Awad Al-Khalidi, …

KUNA Agency: The launch of the Arab Steel Summit to discuss economic changes in the world Read More »

Al-Wafd: Arab steel industry from Labib Naseem to condemn the Israeli violations in Gaza

Journalism / By

If you want to look at the economic growth in any country, start by looking at the growth in the steel industry in that country first… That sentence was said by the Chairman of the Ezz Steel Group, Engineer Ahmed Ezz, during the opening session of the “16th” Arab Steel Summit, which Cairo hosted in …

Al-Wafd: Arab steel industry from Labib Naseem to condemn the Israeli violations in Gaza Read More »

Arab Steel Summit calls for the creation of an alternative Arab regional market in light of the global environmental restrictions

AISU, News / By

The 16th Arab Steel Summit was held last Sunday in the Arab Republic of Egypt, which was organized by the Arab Iron and Steel Union in cooperation with Ezz Steel, under the patronage of His Excellency the Minister of Trade and Industry, Eng. Ahmed Samir. It is the largest and most important event for steel …

Arab Steel Summit calls for the creation of an alternative Arab regional market in light of the global environmental restrictions Read More »

16th Arab Steel Summit: A visit to Ezz Steel Company in Ain Sokhna

AISU, News / By

On the third day of the 16th Arab Steel Summit activities, Ezz Steel Company organized a visit to Ezz Steel Company in Ain Al-Hajah, where they listened to a comprehensive explanation of the production process from the stage of reducing iron ore in direct reduction factories and converting it into high-purity iron, as well as …

16th Arab Steel Summit: A visit to Ezz Steel Company in Ain Sokhna Read More »

Libyan Iron and Steel Company achieves record numbers in the production of DRI and HBI

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The Libyan Iron and Steel Company announced the production of 102,223 tons of reduced iron (DRI) pellets during last October for the first and second units of the General Administration of Direct Reduction factories, with an increase rate of 123.78%, a number that has not been achieved for 12 years. The company also recorded a …

Libyan Iron and Steel Company achieves record numbers in the production of DRI and HBI Read More »

Turkey to maintain AD duty on heavy plate from China

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The Turkish Ministry of Trade announced the final results of the final review of anti-dumping duties on heavy plates imported from China. The Department of Commerce found that eliminating antidumping duties on a certain product from China would likely lead to continued or recurring dumping. The applicable anti-dumping rates are 16.89% for Jiangyin Xingcheng Special …

Turkey to maintain AD duty on heavy plate from China Read More »

Libyan Iron and Steel Company announces a discount on some products, November 1, 2023

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On November 1, the Libyan Iron and Steel Company announced a reduction in the prices of some products in implementation of the Vice Chairman of the Board of Directors’ Decision No. 29/2023.   Product type and size Current price is D.L./ton Wholesaling Retail ٌRebar produced by factory produced (2), diameter (10) mm 3200 3220 Rebar  …

Libyan Iron and Steel Company announces a discount on some products, November 1, 2023 Read More »

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