The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 1,500 – EGP 6,980 compared to last week, as prices this week ranged between EGP 42,900 – EGP 55,280 compared to prices last week, which ranged between EGP 42,900 – EGP 48,500,EXW. The prices were as follows: Ezz Steel …
Ezz Steel Company announced the prices of flat steel starting from January 27, 2024, to become EGP 59,100 per ton, an increase of EGP 9,800 over the prices of last week, month, EXW, including value-added tax. Statement including VAT Flat Steel 59,100
According to the prices announced in the global steel markets, scrap prices amounted to $419/ tonne, $4 down compared to last week’s prices, and iron ore prices $136/ tonne, $5 up compared to last week’s prices, while the prices of billets ranged between 510 – 605 Dollars per tonne, while it was between 513 – …
Australian mining giant BHP said that turmoil in the Red Sea is forcing some shipping companies to take alternative routes, such as the Cape of Good Hope, around Africa, while other companies still prefer the Red Sea with additional controls. One of the largest mining companies in the world added in a statement: “The Red …
Australian BHP redirects some of its shipments to the Cape of Good Hope Read More »
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135.7 million tonnes (Mt) in December 2023, a 5.3% decrease compared to December 2022. Africa produced 1.9 Mt in December 2023, up 17.7% on December 2022. Asia and Oceania produced 96.4 Mt, down 9.7%. The EU (27) produced 9.1 …
World crude steel production declined in December Read More »
Rebar prices in the Gulf region witnessed an increase. Emirates Steel Arkan increased its price by AED 92/t ($25/t) to AED 2,689/t ($732/t) CPT Abu Dhabi and AED 2,696/t ($734/t) CPT Dubai, Sharjah and northern emirates. Bahrain’s Unirol raised offers by BHD 5/t ($13/t) to BHD 250/t ($662/t) EXW. Saudi Iron and Steel Company (Hadeed) …
Global hot-rolled coil prices have risen in key markets since the beginning of 2024. In Europe, quotes are supported by a low supply of locally produced products and the exhaustion of import quotas. In the US, the trend is similar, but supply still exceeds demand, which restrains price growth. In the Chinese market, prices have …
Global hot-rolled steel prices increased since the beginning of the year Read More »
The Ministry of Trade and Industry in Egypt said that there is no study on canceling dumping duties on imports of rebar originating from or exported from Turkey, Ukraine, and China, as reported in the media. She said in a statement on Tuesday: “There is no study to amend the applicable fees or cancel them, …
Oil prices rose during trading today, Tuesday, January 23, 2024, continuing to reap gains for the second session in a row, supported by expectations of increased demand. This comes as traders assess a range of conflicting concerns about supply and demand, rising tensions in the Middle East, and cold weather issues disrupting production in the …
According to export data from the US Department of Commerce, US exports of rebar totaled 27,994 mt in November 2023, down 6.4% from October but up 59.1% from November 2022. By value, rebar exports totaled $16.3 million in November, compared to $18.4 million in the previous month and $12.6 million the same month last year. …
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 3,000 – EGP 6,500 compared to last week, as prices this week ranged between EGP 42,900 – EGP 48,500 compared to prices last week, which ranged between EGP 41,000 – EGP 44,500 ,EXW. The prices were as follows: Ezz …
Ezz Steel Company announced the prices of flat steel starting from January 20, 2024, to become EGP 49,300 per ton, an increase of EGP 3,800 over the prices of last week, month, EXW, including value-added tax. Statement including VAT Flat Steel 49,300
According to the prices announced in the global steel markets, scrap prices amounted to $423/ tonne, $1 down compared to last week’s prices, and iron ore prices $131/ tonne, $1 down compared to last week’s prices, while the prices of billets ranged between 513 – 595 Dollars per tonne, while it was between 510 – …
Indian company Tata Steel announced on Friday that it will close both blast furnaces at its plant in Port Talbot, British Wales, cutting 2,800 jobs, as part of a plan to make its unprofitable UK operations smaller and environmentally cleaner. Tata plans to switch from coal-fired blast furnaces to electric arc furnaces, which emit less …
Nucor Steel Brandenburg has celebrated the inauguration of the new greenfield facility at the Buttermilk Falls Industrial Park site located on the Ohio River in Brandenburg, Kentucky. It is one of the world’s largest and most advanced continuous casting plants, which is capable of producing 1.45 million tons of slabs per year in widths of …
In December 2023, Ukraine exported 98.72 thousand tons of semi-finished products, up 40.7% month-on-month and 31.4% y/y. Export revenue for the month increased by 42.7% m/m and 5.9% y/y. The average monthly export volume of semi-finished products for the year amounted to 100.3 thousand tons, compared to 158.3 thousand tons in 2022. In 2023, Ukrainian …
Ukraine exported 1.2 million tons of semi-finished products in 2023 Read More »
Emirates Steel Arkan announced that it has signed a 5-year contract with Bahrain Steel to supply iron ore pellets. The contract, worth about $2 billion (about 7.3 billion dirhams), was signed at the fourth meeting of the Integrated Industrial Partnership Initiative for Sustainable Economic Development, which was recently held in Bahrain. The new agreement will …
Emirates Steel Arkan signs a contract worth $2 billion with Bahrain Steel Read More »
The rebar market in the Kingdom of Saudi Arabia witnessed a decline in prices in 2023 compared to the year 2022, as the price of a ton of rebar in December reached 2891.97 riyals, a decline of 18 riyals, a decline of 0.6% compared to the month of November, and a decline of 13.1% compared …
A report on rebar prices in Saudi Arabia by the end of December Read More »
Hu Wangming, Chairman of the Board of Directors of the Chinese Baowu Group, major Chinese steelmaker in China, has stated that the group recorded operating revenues of RMB 1,103 billion in 2023, a decrease of 4.9% year-on-year, while it recorded gross profit of RMB 31.61 billion for this year. , an increase of 1.05% on …
China Baowu Group produces 130.8 million mt of crude steel in 2023 Read More »
The Royal Commission for Jubail signed a memorandum of understanding with the Brazilian mining company Vale to develop an iron ore briquette project in the Kingdom. The memorandum of understanding was signed on the sidelines of the Future Metals Forum, which lasted for two days, during which the Brazilian company presented its ambitious plans in …
The profits of Al-Jazeera Steel Company, which operates in the iron pipe industry, rose to 4.13 million Omani riyals (33 baisa/share) by the end of 2023. This is compared to profits of 3.14 million riyals achieved in the same period in 2022, as the following table shows: Income List Period 2022 2023 Changes Revenue (million …
Al-Jazeera Steel’s profits increased to 4.13 million riyals, 32%, by the end of 2023 Read More »
The Minister of Industry and Pharmaceutical Production, Ali Aoun, confirmed this Monday in Annaba. A total of 215 hectares of industrial property were recovered in the vicinity of Sider El hadjar Iron and Steel Complex, which will be directed to launching investment projects that enhance national production capabilities of various materials and products. The Minister …
The National Company for Industry and Mines (SNIM) announced that the company’s sales exceeded 14 million tons, for the first time in its history. Heralding the entry of a new turn in production. The company indicated that this achievement is unprecedented. It would not have been possible without the effectiveness of the company’s strategic program …
India increased iron ore production to a historic high of 282 million tons in 2023, up almost 14% year-on-year. The state of Odisha, which accounts for 56% of the country’s ore production, increased its output by 18% y/y last year – to 159 million tons. Several factors contributed to the growth. Last year, state-owned mining …
India increased iron ore production to historic high in 2023 Read More »
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 500 – EGP 2700 compared to last week, as prices this week ranged between EGP 41,000 – EGP 44,500 compared to prices last week, which ranged between EGP 40,500 – EGP 42,900 ,EXW. The prices were as follows: Ezz …
Ezz Steel Company announced the prices of flat steel to reach EGP 45,500 per ton, an increase of EGP 2,500 compared to the prices of the beginning of this month, EXW, including value-added tax. Ezz Steel Company announced the prices of flat steel starting from January 14, 2024, to become EGP 45,500 per ton, an …
Egypt: Ezz Steel announces new prices for flat steel Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $424/ tonne, $4 up compared to last week’s prices, and iron ore prices $132/ tonne, $9 down compared to last week’s prices, while the prices of billets ranged between 510 – 595 Dollars per tonne, while it was between 505 – …
In December 2023, Chinese steel companies increased iron ore imports by 11% compared to the same period in 2022 – to 100.9 million tons. While it decreased by 1.8% compared to November 2023. In 2023, Chinese steelmakers increased iron ore imports by 6.6% compared to 2022 – up to 1.179 billion tons. Iron ore prices …
China’s iron ore imports exceed one billion tons in 2023 Read More »
In December 2023, Brazil exported 39.65 million tons of iron ore, the highest figure for the year. Compared to December 2022, the figure increased by 24% y/y, and by 25.5% compared to the previous month. This is reported by Davis Index with reference to data from the Brazilian customs. During December, Brazilian companies exported 64.76 …
Brazil increased iron ore exports by 10% and scrap by 117% in 2023 Read More »
During his visit to the Suez Canal Economic Zone, Prime Minister Dr. Mostafa Madbouly. On Thursday, January 11, a visit to the Ezz Steel Factory in Ain Sokhna. The Prime Minister was accompanied during the visit by Lieutenant General Kamel Al-Wazir, Minister of Transport, and Mr. Walid Gamal El-Din, Chairman of the Economic Authority for …
The Prime Minister visits the Ezz Steel in Ain Sokhna Read More »