In July alone, China’s outputs of pig iron, crude steel and finished steel totaled 77.6 million mt, 90.8 million mt and 116.53 million mt, increasing by 10.2%, 11.5% and 14.5% year on year, while up 0.81%, down 0.34% and down 2.96%, respectively, month on month, as announced by China’s National Bureau of Statistics (NBS) on …
China’s crude steel output rises by 2.5% in January-July 2023 Read More »
In June this year, Turkey’s billet and bloom import volume declined by 14.2% month on month and by 19.2% year on year to 266,007 mt, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $167.73 million, down by 15.3% month on month and by 30.7% year on …
Rebar prices stabilized in the local market in the UAE, for the third month in a row during the current year 2023 (June, July, August) at an average of 2450 dirhams per ton, according to data from manufacturers. Prices recorded a decline of 11%, to 2450 dirhams per ton in June, compared to the same …
UAE: Rebar prices stabilized for the third month in a row Read More »
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 30,500 – 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, and Ashry Steel EGP 32,000. The …
Latest rebar prices update in Egypt is August 15, 2023 Read More »
According to export data from the US Department of Commerce, total US exports of HRC reached 96,315 tonnes in June 2023, up 24.2% from May and up 59.2% from June 2022. In terms of value, exports of HRC totaled $105.1 million in June, compared to $83.7 million in the previous month and $58.6 million in …
US Exports of HRC Increased by 24.2% in June 2023 Read More »
The Board of Directors of the Chamber of Commerce in Cairo Governorate elected Ayman El-Ashry as Chairman of the Board of Directors of the Chamber by acclamation, with Sherif Yahya as First Deputy and Sayed El-Nawawy as Second Deputy, with Ashraf El-Shimy as General Secretary, and Salah El-Abd as Treasurer, and with him Ashraf Khader …
Election of Ayman El-Ashry as Chairman of the Cairo Chamber of Commerce Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $361/ tonne, $10 up compared to last week’s prices, and iron ore prices $106/ tonne, $1 up compared to last week’s prices, while the prices of billets ranged between 445 – 480 Dollars per tonne, while it was between 4 435 …
In July, China imported 93.476 million tonnes of iron ore, up 2.45% year-on-year, while declining 2.1% month-on-month,, according to the BMT announced by Chinese customs on August 8. From January to July this year, China imported 669.456 million tonnes of iron ore, up 6.9% year on year. Demand for iron ore in China slowed in …
China’s iron ore imports increased 6.9% in January-July 2023 Read More »
In June this year, Turkey’s exports of rebar reached 304,493 tonnes, an increase of 48.3% compared to May, and a decrease of 34.5% year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the total revenue generated from these exports was $197.44 million, up 43.2% compared to May and down 49.8% year-on-year. …
Turkey’s exports of rebar decreased by 54.4% in H1 2023 Read More »
Oil prices rose 2% at the end of trading today, Wednesday, August 9 (2023), to continue to reap gains for the second consecutive session, amid fears of a supply shortage. The decline in supply caused by production cuts by Saudi Arabia and Russia offset fears of slowing demand from China, the largest importer of crude, …
Oil prices rose by 2%, and Brent crude was above $87 Read More »
Saeed Al Rumaithi, CEO of Emirates Steel Group – Arkan, confirmed that the company aims to demonstrate the flexibility of its results in the face of any market turmoil and to continue improving the company’s profitability. Al-Rumaithi said in an interview with Al-Khaleej: “The group owns 65% of iron sales in the local market, and …
Eng. Saeed Al-Rumaithi: Emirates Steel – Arkan is expanding in 3 new markets Read More »
Oman and Etihad Rail signed a memorandum of understanding with Jindal Steel and Energy Company. With the aim of providing sustainable logistical solutions to transport up to 4 million tons annually of “Jindal” raw materials and products. From its industrial complex in the port of Sohar to the United Arab Emirates, via the Emirati-Omani railway …
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 29,400 – 33,000, EXW. The companies that did not change prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, and Egyptian Steel EGP 32,050. While the companies that reduced prices are Beshay Steel EGP 38,000 to from EGP 33,000, …
Latest rebar prices update in Egypt is August 7, 2023 Read More »
China Iron and Steel Association (CISA) announced that in late July (July 21-31) this year. The average total daily raw steel production of large and medium-sized steel companies in China – all members of the association – is 2.1356 million tonnes. 4.99% compared to mid-July (July 11-20) this year. In mid-July this year, the total …
China’s daily steel production fell 4.99% in late July Read More »
Jordan Steel Company announced the rebar prices for August for the 60-gauge steel EXW, between 425-435 dinars per tonne without sales tax and between 505-515 dinars per tonne with tax. Grade Price without tax Price with tax Sales / tonnes Sales / tonnes Min Max Min Max 60 425 435 505 515
The International Renewable Energy Agency (IRENA) confirmed that the steel sector is one of the most important sectors contributing to climate change, as it is responsible for about 7% of global energy-related carbon emissions, according to its recently launched report entitled “Towards a Circular Industry.” Steel”, in collaboration with the Ministry of Environment, Forest and …
Ezz Steel Company said that Ezz Dekheila Steel Company – Alexandria – affiliated – was able to obtain a long-term syndicated loan for a period of 6 years in foreign currency from a number of banks outside Egypt. The company added, in a statement to the Egyptian Stock Exchange today, Sunday, that the loan aims …
Engineer Saeed Ghamran Al-Rumaithi, CEO of Emirates Arkan Group, said that the company achieved strong financial performance during the first half of 2023, despite the challenges facing the industry, due to the increase in demand from the local market, as the percentage of the company’s sales of steel in the local markets amounted to about …
Emirates Steel achieves 55% of domestic sales and 45% of exports abroad in H1 2023 Read More »
The Libyan Iron and Steel Company announced the results of its production and sales during the first of 2023. According to the official report from the company sent to the Arab Iron and Steel Union. The company achieved a production of Hot Briquetted Iron (HBI) amounting to 433.8 thousand tonnes, or 144.6% of the target, …
Report: Libyan Iron and Steel Company achieves production above the target in H1 2023 Read More »
According to preliminary statistics data released by the US Department of Commerce, total US imports of rebar reached 193,326 tonnes in June 2023, up 171.5% from May and up 94.3% from June 2022 levels. In terms of value, total rebar imports amounted to $123.0 million in June 2023, compared to $47.6 million in May and …
Algeria and Egypt are the leading exporters of rebar to US in June Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $351/ tonne, $1 less compared to last week’s prices, and iron ore prices $105/ tonne, $5 less compared to last week’s prices, while the prices of billets ranged between 435 – 470 Dollars per tonne, while it was between 440 – …
China’s steel industry has increased its reliance on coal-fired projects significantly over the past 5 years, despite concerns about falling profits, oversupply and commitments to cut carbon emissions. China currently produces more than 1 billion tons of steel, accounting for more than half of the world’s production of the metal used mainly in the construction …
Report: China’s steel industry in 5 years reveals shocking facts Read More »
In June this year, Japan’s iron and steel product exports reached 2.83 million tonnes, down 6.3% month-on-month and 8.4% year-on-year, according to customs statistics from the Japan Iron and Steel Federation (JISF). From January to June this year, Japan’s iron and steel products exports amounted to 16.62 million tonnes, down 2.0% over the same period …
Japan’s steel exports decreased by 2% in H1 2023 Read More »
Within the framework of the activities of the Arab Iron and Steel Union, the General Secretariat, in coordination with the Cairo Regional Office, organized a program of visits for the delegation of the Libyan Iron and Steel Company to a group of steel companies in the Arab Republic of Egypt within the framework of the …
The price of iron ore declined, amid lower demand in the Chinese real estate sector, and despite government pressure on local authorities to revive the market. Iron ore fell 2.20% to $105 a ton during market trading in Singapore on Tuesday, after reaching $108.70 earlier in the session. Yesterday, steel prices fell, erasing the gains …
Iron ore prices fell due to contraction in real estate sales in China Read More »
Emirates Arkan Steel Company, EMSTEEL, recorded net profits during the first half of 2023 of about 280.5 million dirhams, an increase of 0.3%, compared to 279.9 million dirhams in the corresponding period of 2022. The company’s revenues in the first half amounted to about 4.43 billion dirhams, compared to 4.6 billion dirhams. The results of …
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of June, amounting to 28.63 million pounds. In a statement to the Egyptian Stock Exchange, the company stated that the sales of Bahariya Oasis mines during June amounted to 28.6 million pounds. She added that the value …
Egypt: 28.6 million pounds of iron and steel sales to mines during June Read More »
Ezz Steel Group announced the flat steel prices for August, unchanged for the sixth month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485
The Libyan Iron and Steel Company announced on its Facebook page that the company had exported more than “27,000” tonnes of Hot Briquetted Iron “HBI” to Germany on Sunday, July 30, from the company’s port on the ship “S.Nibton”. On Monday evening, the ship “Immensity” entered to ship more than “10,000” tonnes to Italy of …
According to daily iron prices follow-up in Egypt, rebar prices ranged between EGP 30,400–38,000, EXW. The companies that did not change prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, Egyptian Steel EGP 32,050, Garhy Steel EGP 37,000 and Ashry Steel EGP 34,000. While the companies that reduced prices are …
Latest rebar prices update in Egypt is August 1, 2023 Read More »