The American Iron and Steel Institute issued a response Friday after the Environmental Protection Agency (EPA) issued a rule imposing emission limits on the processing of taconite (iron ore). In a press release, the AISI said the rule that mandates the installation of “unproven control technologies” to achieve these limits “flawed.” Kevin Dempsey, president and …
According to export data from the US Department of Commerce, monthly steel exports in December 2023 decreased 15.3% from November to total 557,633 mt. A year-on-year comparison shows a 3.8% increase. In terms of value, US steel exports in December totaled $1.02 billion, compared to $1.18 billion in November and $1.04 million in December 2022. …
Al Yamamah Steel Industries Company, which manufactures metal products to serve the construction, electricity and communications sectors, achieved profits of 29.5 million riyals at the end of the first quarter ending in December 2023. This compared to losses of 41.9 million riyals achieved during the same period in 2022. Quarterly comparison (million) item Q1 2023 …
The Minister of Industry and Pharmaceutical Production, Ali Aoun, confirmed that iron and steel products in Algeria will witness greater diversification starting from the second half of this year 2024, thanks to the expansion projects planned at the level of the Tosyali Company and the Algerian Qatari Steel Company. In a public session dedicated to …
Algerian steel industry is witnessing a diversification of products in H2 of 2024 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 42,900 – EGP 49,920. The prices were as follows: Ezz Steel EGP 49,920, Suez Steel EGP 49,920, Bishay Steel EGP 42,900, El Marakby Steel EGP 49,920, Egyptian Steel EGP 49,920 , Ashry Steel EGP 49,500, Garhy Steel EGP 49,750, Misr Steel EGP …
The latest rebar prices update in Egypt, February 11, 2024 Read More »
ArcelorMittal, the world’s largest steelmaker outside China, expects steel demand to increase this year, supported by India’s demand growth. ArcelorMittal said it expects steel consumption outside China – which is one of the main indicators of the global economy – to grow by between 3% and 4% in 2024, according to Bloomberg. She explained that …
ArcelorMittal expects global demand to rise by up to 4% this year Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $419/ tonne, $3 down compared to last week’s prices, and iron ore prices $130/ tonne, $2 up compared to last week’s prices, while the prices of billets ranged between 515 – 600 Dollars per tonne, while it was between 515 – …
Steel prices in the second week of February 2024 Read More »
Russia’s steel consumption increased in 2023 by 7% year-on-year to 46.3 million tonnes, Russian steelmaker Severstal estimates – Kallanish . The main drivers of Russia’s economic growth remain large-scale infrastructure projects and projects aimed at import substitution across all major sectors, with a primary focus on engineering and manufacturing. Although the Russian economy experienced growth …
Luxembourg-based steelmaker ArcelorMittal has announced that it will receive around €1.3 billion in funding for its decarbonization projects at its Bremen and Eisenhüttenstadt plants in Germany from the country’s Federal Ministry for Economic Affairs and Climate Action. The funding, which is subject to the approval of the European competition authority, relates to an overall project …
In December last year, Turkey’s scrap imports rose by 6.6% month on month and by 30.6% year on year to 1,642,755 mt, according to the data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports increased by 6.3% compared to the previous month and by 38.7% year on year to $640.41 …
Rebar prices in Egypt witnessed a decline after rising at the beginning of the week, as a result of foreign currency rates in the parallel market. It decreased between EGP 5,250 – EGP 10,200 compared to prices at the beginning of the week. The prices were as follows: Ezz Steel EGP 49,920, Suez Steel EGP …
In December 2023, Turkey’s steel exports to the Gulf region saw a 6% decline compared to the previous month, according to the Turkish Statistical Institute (TUIK). Total steel exports for December amounted to 11,710 tons, compared to exports of 12,467 tons in November. The value of exports decreased by 4%, reaching US$9.1 million. Turkey’s steel …
Türkiye’s steel exports to GCC decline in December 2023 Read More »
Muhaj Baghdad, an Iraqi-based company, has signed a contract with Danieli to develop a new 500,000-tpy rolling mill facility plant for rebar. The planned facility plant would use Danieli’s high-speed rolling technology to create high-quality rebar with a diameter of 10 to 40 mm. The plant will be constructed in the industrial district of Al-Hilla, …
Muhaj Baghdad signs with Danieli to develop rolling mill plant Read More »
According to data from the Turkish Steel Association (TCUD), Turkey’s consumption of rolled steel products increased by 17.1% in 2023 compared to 2022, reaching 38.1 million tons. Steel exports from Turkey fell by 30.6% year-on-year, reaching 10.5 million tons in 2023, and export revenues fell by 40.7%, reaching $8.3 billion. Turkey’s steel imports in 2023 …
Türkiye’s steel consumption increased by 17.1% in 2023 Read More »
Ezz Steel Company announced the prices of rebar starting from February 5, 2024, to become EGP 49,920 per ton, aa decrease of EGP 5,360. And flat steel, EGP 53,740 per ton, a decrease of EGP 5,360 compared to yesterday price over EXW, including value-added tax. Statement including VAT Rebar 49,920 Flat Steel 53,740
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 1750 – EGP 11,700 compared to last week. As prices this week ranged between EGP 42,900 – EGP 59,700 compared to prices last week. Which ranged between EGP 42,900 – EGP 55,280,EXW. The prices were as follows: Ezz Steel …
The Minister of Public Business Sector, Dr. Mahmoud Esmat, toured the factories of El-Nasr Steel Pipe Manufacturing Company. Which included the three main sectors for the production of longitudinally and spirally welded pipes. The stages of the production process in each sector, and the extent of commitment to the availability of a sufficient stock of …
El Nasr Pipes adds a new production line for seamless pipes Read More »
Jordan Steel Company announced rebar prices for February 2024, a decrease of 10-15 dinars from last month’s prices. The prices for Grade 60 EXW, between 420 and 432 dinars per tonne, excluding sales tax. However, with sales tax, it is between 500 and about 515 dinars per tonne. Grade Price without tax Price with …
Jordan Steel announces the prices of rebar for February 2024 Read More »
Within the framework of the objectives of the Arab Iron and Steel Union to focus on human development and raising skills in the field of iron and steel, the Union trained a group of engineers and technicians at the Bahrain Steel Company through the training program “Iron Ore Pelletization Technology” . The program addresses the …
AISU trained a group from Bahrain Steel in the field of iron ore pelletizing Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $422/ tonne, $3 up compared to last week’s prices, and iron ore prices $128/ tonne, $5 down compared to last week’s prices, while the prices of billets ranged between 515 – 605 Dollars per tonne, while it was between 510 – …
According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 46,694 mt in December 2023, down 32.3% from November and down 38.4% from December 2022 levels. By value, rebar imports totaled $30.8 million in December 2023, compared to $42.9 million in November and $61.0 million in December 2022. The …
In December last year, Japan’s iron and steel product exports amounted to 2.6 million metric tons, decreasing by 0.9% month on month and by 4.2% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). In 2023, Japanese iron and steel product exports amounted to 32.7 million mt, …
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last December amounting to 39.3 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines in December amounted to 39.28 million pounds. The Company added that the sales value …
39.3 million pounds in iron and steel sales to mines and quarries in December Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute, in December last year Turkey’s foreign trade deficit decreased by 37.8% to $6.04 billion compared to December 2022. In 2023, Turkey’s foreign trade deficit fell by 3.2% year on year to $105.9 billion. In December, Turkey’s iron and steel exports ranked eighth …
Oman and Etihad Rail signed a memorandum of understanding with Al Jazeera Steel Products Company to establish a strategic framework for cooperation in the field of logistical solutions for transporting raw materials and finished products in a more efficient, effective and sustainable manner. Under the memorandum, “Oman and Etihad Rail” will employ the Omani-UAE railway …
Qatar Energy Company announced the award of contracts worth $6 billion for a project to increase oil production from Al Shaheen Field, the largest oil field in Qatar, by about 100,000 barrels per day. According to a statement published by Qatar Energy Company on its website, four main contract packages have been awarded for engineering, …
An agreement was signed between the Metallurgical Industries Holding Company and the Chinese Shengli (Fujian) Investment and Development Company Limited to manage and operate billet production factories at the Delta Steel Company, within the framework of the general direction of supporting local manufacturing, increasing production, developing and modernizing the industry, and the strategy of the …
Signing an agreement to manage and operate Delta Steel factories at maximum capacity Read More »
China’s stainless steel production increased by 12.6% in 2023 compared to 2022. Reaching 36 million tons, according to data from the Stainless Steel Council of the China Specialized Steel Council (CSSC). China’s exports of stainless steel in 2023 are estimated at 4.14 million tons, compared to 4.55 million tons in 2022. Imports to China reached …
China’s stainless steel production will increase by 12.6% in 2023 Read More »
The Minister of Finance, who is in charge of running the Ministry of Economy and Planning in Tunisia, Siham Al-Boughdiri Namsiya, confirmed that the Ministry of Economy has approached the European Bank for Reconstruction and Development to obtain a loan worth $70 million with the aim of renewing the means of production of the “ELFOULADH” …
The Saudi Iron and Steel Company (Hadeed) announced the official prices for selling rebar for February at 2,350 Saudi riyals per ton ($627 per ton), an increase of 25 Saudi riyals per ton ($7 per ton) compared to the level of January. The company resorted to this increase to balance costs. Despite the sufficient local …
The Saudi Iron and Steel Company announces an increase in rebar prices for February Read More »