Protected: Report of the Seventh Economic Committee – Sep. 2023
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Steel prices in the last day of September 2023
According to the prices announced in the global steel markets, scrap prices amounted to $374/ tonne, $1 down compared to last week’s prices, and iron ore prices $120/ tonne, $3 down compared to last week’s prices, while the prices of billets ranged between 475 – 520 Dollars per tonne, while it was between 475 – …
Steel prices in the fourth week of September 2023
According to the prices announced in the global steel markets, scrap prices amounted to $375/ tonne, $2 down compared to last week’s prices, and iron ore prices $123/ tonne, $2 down compared to last week’s prices, while the prices of billets ranged between 475 – 515 Dollars per tonne, while it was between 475 – …
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Arab Iron and Steel Union holds the first technical committee meeting in Egypt
The Arab Iron and Steel Union is scheduled to hold the first meeting of the Union’s Technical Committee on October 28 in Cairo, Egypt, coinciding with the 16th Arab Steel Summit and the 127th Board of Directors meeting at the Royal Maxim Palace Kempinski Hotel – Cairo. It is scheduled that during this meeting the …
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Arab Iron and Steel Union holds the seventh meeting of the Economic Committee in Cairo
The Arab Iron and Steel Union held the seventh meeting of the Economic Committee in Cairo – Egypt in the period from 17 – 18 September, at the invitation of Ezz Steel Company, at the Four Seasons Hotel Nile Plaza Garden City. The committee meeting was attended by representatives of the following countries: Egypt – …
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Latest rebar prices update in Egypt is September 9, 2023
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 30,900 – 34,000, EXW. Today Steel prices are as follows: Company Price in EGP Indicator w-w Ezz Steel 32,135 Suez Steel 32,050 Beshay Steel 34,000 El Marakby Steel 32,000 Egyptian Steel 32,050 Ashry Steel 32,500 Garhy Steel 32,000 Misr Steel …
Latest rebar prices update in Egypt is September 9, 2023 Read More »
Condolences
The Secretariat General of the Arab Iron and Steel Union extends its deepest condolences and sincere sympathy to the brotherly Moroccan people and the victims’ families of the earthquake that struck the country, claiming the lives of many people, the injured and the missing, and left great destruction. Asking the Almighty God to inspire their …
Steel prices in the second week of September 2023
According to the prices announced in the global steel markets, scrap prices amounted to $376/ tonne, $2 up compared to last week’s prices, and iron ore prices $116/ tonne, $1 down compared to last week’s prices, while the prices of billets ranged between 475 – 510 Dollars per tonne, while it was between 465 – …
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Latest rebar prices update in Egypt is September 4, 2023
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 31,500 – 34,000, EXW. Today Steel prices are as follows: Company Price in EGP Indicator w-w Ezz Steel 32,135 Suez Steel 32,050 Beshay Steel 34,000 El Marakby Steel 31,600 Egyptian Steel 32,050 Ashry Steel 33,000 Garhy Steel 32,000 Misr Steel …
Latest rebar prices update in Egypt is September 4, 2023 Read More »
Steel prices in the first week of September 2023
According to the prices announced in the global steel markets, scrap prices amounted to $374/ tonne, unchanged from last week’s prices, and iron ore prices $117/ tonne, $1 up compared to last week’s prices, while the prices of billets ranged between 465 – 505 Dollars per tonne, while it was between 460 – 500 dollars …
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Egypt: Ezz Steel announces flat steel prices unchanged for the seventh month in a row
Ezz Steel Group announced the flat steel prices for August, unchanged for the seventh month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485
Protected: Arab Steel Magazine July – August 2023
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Latest rebar prices update in Egypt is August 29, 2023
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 32,050 – 34,000, EXW. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, and Egyptian Steel EGP 32,050 The companies that raised prices are Beshay Steel from EGP 33,000 to EGP 34,000, …
Latest rebar prices update in Egypt is August 29, 2023 Read More »
Germany’s crude steel production decreased by 4.6% in January – July 2023
In July this year, crude steel production in Germany fell 0.5% year-on-year to 2.96 million tonnes, according to information provided by the German steel association Wirtschaftsvereinigung Stahl (WV Stahl). From January to July this year, Germany’s crude steel production fell 4.6% year on year to 21.48 million tonnes. Germany’s iron ore production reached 2.08 million …
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Steel prices in the fourth week of August 2023
According to the prices announced in the global steel markets, scrap prices amounted to $374/ tonne, $1 down compared to last week’s prices, and iron ore prices $116/ tonne, $7 up compared to last week’s prices, while the prices of billets ranged between 460 – 500 Dollars per tonne, while it was between 55 – …
Tata Steel Contracts Danieli Corus for New Hot-Blast Stoves
Tata Steel awarded a contract to Danieli Corus for the addition of a fourth stove to the existing hot-blast systems in Jamshedpur (H and I furnaces), as well as blast furnace #2 in Meramandali. The objective is to achieve greater operational and maintenance flexibility, while allowing for increased blast furnace production rates. With 3230 m³ …
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Algerian Qatari Steel Company is a model of successful Arab partnerships
In recent years, Algeria has transformed from an importer of iron and steel – especially reinforcing steel – into an exporter thanks to two factories, one of which is the result of a partnership between the Algerian government Cedar Group with a share of 46% and the “Qatar Steel International” company affiliated with Qatar Mining …
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US issues final AD duty on rectangular pipes from China’s Ailong
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on light-walled rectangular welded carbon steel pipes and tubes from China for the period between August 1, 2021 and July 31, 2022. Accordingly, the US DOC has determined that Chinese Hangzhou Ailong Metal Product …
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World crude steel production rises by 6.6% in July 2023
According to preliminary data announced by the World Steel Organization on world production (63 countries) in July 2023, crude steel production amounted to 158.5 Mt , a 6.6% increase compared to production in July 2022. Africa produced 1.4 Mt in July 2023, up 26.1% on July 2022. Asia and Oceania produced 119.9 Mt, up 9.1%. …
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Morocco leads the Arab countries importing steel tubes from Türkiye in H1 2023
In June this year, Turkey’s total welded tube exports increased by 38.0% month-on-month to reach 201,678 tonnes and decreased by 11.0% year-on-year, according to data provided by the Turkish Statistical Institute (TUIK). The value of these exports amounted to $205.06 million, an increase of 33.4% on a monthly basis, and a decrease of 25.9% compared …
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Bahrain Steel signs a letter of intent to supply iron ore to the Essar Green Steel project in Saudi Arabia
Bahrain Steel Company, a subsidiary of Foulath Holding Company, one of the global leaders in the production and supply of high-quality iron ore pellets, has signed a letter of intent with Essar International Group to supply iron ore pellets to the Arab Green Steel project. The signing ceremony was held on Wednesday, August 16, 2023 …
Latest rebar prices update in Egypt is August 22, 2023
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 31,500 – 33,000, EXW. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 33,000, El Marakby Steel EGP 31,500, Egyptian Steel EGP 32,050, Ashry Steel EGP 32,000 and Garhy …
Latest rebar prices update in Egypt is August 22, 2023 Read More »
Algerian Qatari Steel obtains a certificate of conformity for the reinforcing steel products of the State of Poland
The Algerian Qatari Steel Company was able to obtain a certificate of conformity of quality for reinforcing steel from the State of Poland after completing all audit procedures on the company’s production operations, and confirming the quality tests that our products were subjected to, which were in conformity with the marketing specifications in force in …
Steel prices in the third week of August 2023
According to the prices announced in the global steel markets, scrap prices amounted to $375/ tonne, $14 up compared to last week’s prices, and iron ore prices $109/ tonne, $3 up compared to last week’s prices, while the prices of billets ranged between 455 – 490 Dollars per tonne, while it was between 445 – …
SMS Group collaborates with SAIL to decarbonize steel production in India
The SMS Group and SAIL (Steel Authority of India Limited), a subsidiary of Maharatna PSU, have drawn up a Memorandum of Understanding to work together to decarbonize and produce sustainable steel. The MoU aims to commit to a long-term sustainable steel industry, with a special focus on decarbonizing steel production at SAIL’s integrated steel mills …
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China calls on US to immediately raise tariffs on imports of steel and aluminum
China’s Ministry of Commerce demanded on Wednesday that the United States immediately lift tariffs on Chinese steel and aluminum imports. The ministry’s comments came in response to a dispute settlement panel of the World Trade Organization, which concluded that China was imposing additional duties on some imports from the United States. The ministry said, “China …
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US wire rod imports down 8.2 percent in June 2023 and Egypt Ranks Fifth
According to final census data from the US Department of Commerce, US imports of wire rod totaled 64,178 mt in June 2023, down 8.2% from May and down 27.2% from June 2022 levels. By value, wire rod imports totaled $67.3 million in June 2023, compared to $74.9 million in May and $105.7 million in June …
US wire rod imports down 8.2 percent in June 2023 and Egypt Ranks Fifth Read More »
Rebar prices decreased in the Kingdom of Saudi Arabia in July 2023
According to the General Authority for Statistics, the average price of a tonne of rebar steel in the Kingdom of Saudi Arabia in July 2023 ranged between 2613.52 – 4082.53 Saudi riyals, a decrease between 0.28% and -1.01% compared to June in 2023, and a decrease between -9.31% and -28.75% compared to July 2022. Average …
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Saudi Arabia: Bena Steel Industries profits decreased to 5.2 million riyals in H1 2023
The profits of Bena Steel Industries Company in the Kingdom of Saudi Arabia, which operates in the field of iron rolling services, manufacturing structural steel, iron tubes, presses and wagons, decreased to 5.2 million riyals at the end of the first half of 2023, compared to profits of 11 million riyals for the same period …
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The Russian Steel Company «Novestal M» intends to expand in Egypt
The Russian “Novestal M” Holding Company, which specializes in the reinforcing steel industry, informed the Egyptian government of its desire to expand in the Egyptian market during the next stage, by establishing a factory for it in Egypt, and intensifying cooperation in projects undertaken by the Egyptian state. The Egyptian Minister of Trade and Industry, …
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