In early 2023, Al Marakby Steel Company commissioned SMS Group to evaluate the company’s melt shop and by early November 2023, the evaluation was completed. The overall goal of the evaluation was to improve production and performance to reduce the plant’s need for additional processing, which facilitated a 10% increase in production. As market demands …
The Minister of Industry, Mr. Ali Aoun, made a working visit to the Belara Iron and Steel Company (Algerian Qatari Steel ), accompanied by the Governor of Jijel State, the President of the State People’s Assembly, and the President and General Manager of the CEDAR Complex. First, after His Excellency the Minister of Industry listened …
The Minister of Industry and Pharmaceutical Production visits the Algerian Qatari Steel Read More »
The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on circular welded carbon quality steel pipe (pipe) from the United Arab Emirates. During the review period from December 1, 2021, to November 30, 2022, UAE-based producers were found to have made sales of the …
US issues preliminary AD duties on circular welded pipe from UAE Read More »
According to preliminary census data from the US Department of Commerce. US imports of rebar totaled 69,010 mt in November 2023, down 27.3% from October and down 29.9% from November 2022 levels. By value, rebar imports totaled $42.9 million in November 2023, compared to $56.5 million in October and $66.8 million in November 2022. The …
Steel producer Sulb has achieved significant production milestones in 2023, with notable increases across its operations, the company said in a statement. The company’s melt shop reached a production of 1.265 mln tons. while the direct reduction plant hit 1.619 mln tons, and the heavy section mill achieved 653,000 tons. Additionally, Saudi Sulb marked a …
Bahrain : Sulb reports strong production performance in 2023 Read More »
The Anglo-Australian Rio Tinto expects to start production at its mining project – which is the largest in the world – in Guinea this year, after a 27-year hiatus that witnessed many surprises and political tensions. Bold Batar, CEO of Rio Tinto’s copper business, said in an interview with the Financial Times that it hopes …
The world’s largest iron mining project will begin production this year Read More »
Bahrain Steel Company, the world leader in the production and supply of high-quality iron pellets, announced the signing of a seven-year joint sustainable financing contract worth $450 million. This important financing confirms the company’s firm commitment to environmental, social and corporate governance principles, in addition to the banking alliance’s commitment to their clients to consolidate …
In a move that reflects the efforts of the Hamriyah Free Zone Authority in the Emirate of Sharjah to enhance its growing position as a preferred regional and global destination for quality investments and iron and steel companies in particular, Ikigai Steel Company announced that it is taking the free zone as the center of …
Ikigai Steel sets up 548,000 sq. ft. factory in Hamriyah Free Zone Read More »
Rebar prices for most companies in Egypt witnessed stability this week compared to last week. as prices ranged between EGP 40,500 – EGP 42,900 EXW. The prices were as follows: Ezz Steel EGP 42,000 , Suez Steel EGP 41,850 , Bishay Steel EGP 42,900, El Marakby Steel EGP 42,200 , Egyptian Steel EGP 41,800 , …
The latest update on rebar prices in Egypt is January 08, 2023 Read More »
The China Iron and Steel Association (CISA) said in a report. It is expected that China’s steel exports in 2023 will reach their highest level in seven years, at more than 90 million tons. The world’s largest steel manufacturing company exported about 67.32 million tons in 2022. The rise in exports comes in light of …
China’s steel exports reach their highest level in seven years Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $420/ tonne, $10 up compared to last week’s prices, and iron ore prices $141/ tonne, $1 up compared to last week’s prices, while the prices of billets ranged between 505 – 590 Dollars per tonne, while it was between 505 – …
Oil prices rose by 2% at the end of trading today, Friday, January 5, 2024, recording weekly gains, amid expectations of a recovery in demand in the new year. This comes after the minutes of the Federal Reserve (US central bank) meeting indicated that inflation is under control. With US Secretary of State Anthony Blinken …
In November last year, Turkey’s scrap imports rose by 3.3% month on month and by 16.3% year on year to 1,540,290 mt, according to the data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports increased by 6.1% compared to the previous month and by 22.3% year on year to $602.35 …
Turkey’s scrap imports down 14.1% in January-November 2023 Read More »
Jordan Steel Company announced rebar prices for January 2024, unchanged from the prices of December. The prices for Grade 60 EXW, between 432 and 440 dinars per tonne, excluding sales tax. However, with sales tax, it is between 515 and about 525 dinars per tonne. Grade Price without tax Price with tax Sales / …
Jordan Steel announces rebar prices for January 2024 Read More »
Iron ore prices continued to rise for the third day in a row, supported by the Chinese authorities indicating the possibility of taking further measures to stimulate the economy, especially with regard to the faltering real estate sector. The prices of iron ore futures traded in Singapore rose by 0.6% to $142.60 per ton, while …
Iron ore prices continue to rise for the third day in a row Read More »
The production units of Sider El-Hadjar complex in Annaba have begun their activities. This is after the process of restarting the blast furnace, according to what was reported today, Wednesday, in a statement by the “Imetal Group”. Imetal Group explained in its statement that “actual production has begun” for Sider El-Hadjar complex, which is affiliated …
Iraq laid the foundation stone for the construction of a new residential city project on the borders of Baghdad, with a budget of $2 billion. Two Chinese companies began construction of 30,000 housing units. The project comes within a plan to build five cities throughout Iraq. Contracts for four more cities are expected to be …
Iraq awards contracts for the construction of a new residential city worth $2 billion Read More »
This week witnessed an increase in the prices of rebar for all companies in Egypt, as prices ranged between EGP 40,500 – EGP 42,900 EXW, with an average increase of about EGP 3,500 compared to last week. The prices were as follows: Ezz Steel EGP 42,000 , Suez Steel EGP 41,850 , Bishay Steel EGP …
The latest update on rebar prices in Egypt is January 02, 2023 Read More »
Ezz Steel Company announced the prices of flat steel starting from January 2024, reaching EGP 43,000 per ton, an increase of EGP 3,500 over last month’s prices, factory delivery, including value-added tax. Statement including VAT Flat Steel 43,000
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The Arab Iron and Steel Union is scheduled to hold the eighth meeting of the Union’s Economic Committee during the period from 4 to 5 March next in the city of Algiers, the Republic of Algeria, at the kind invitation of the Imetal Group. The committee holds its meetings periodically to study the conditions of …
Arab Iron and Steel Union holds a meeting of the Economic Committee in Algeria Read More »
On 21 and 22 November, the SMS Group in Mönchengladbach hosted a meeting called “3rd Modular Technology Days for Pilger Cold mills”. Customers from Finland, the UK, Greece, Austria, Poland and many other countries joined in for two interesting days of wide-ranging presentations by SMS Group experts. SMS Group seeks to expand the partnership with …
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in November this year Turkey’s foreign trade deficit decreased by 32.6% to $5.9 billion compared to November 2022. In the January-November period this year, Turkey’s foreign trade deficit rose by 0.1% year on year to $99.9 billion. In November, Turkey’s iron …
Turkey’s steel export down 42.1% in January November 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $410/ tonne, $14 down compared to last week’s prices, and iron ore prices $140/ tonne, $1 up compared to last week’s prices, while the prices of billets ranged between 505 – 540 Dollars per tonne, while it was between 505 – …
US President Joe Biden announced Thursday that he is extending a suspension of Trump-era steel and aluminum tariffs against the European Union (EU) for two years as negotiations continue. With the United States and the EU still far from resolving a years-long dispute over their trade in metals, Biden said he was extending a pause …
US Will Extend Suspension of EU Steel Tariffs for 2 years Read More »
In November this year, Japan’s iron and steel product exports amounted to 2.6 million metric tons, decreasing by 4.0% month on month and by 7.0% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). In the January-November period this year, Japanese iron and steel product exports amounted …
Japan’s steel exports up 1.7% in January-November 2023 Read More »
Turkish plant operator Kardemir has partnered up with SMS group to digitalize blast furnace 5 in its Karabük plant. This is an important step in the partnership between SMS group and Kardemir, Türkiye’s oldest blast furnace operator. The development and installation of BFXpert in BF5 allows Kardemir to fully control and monitor the entire metallurgical …
SMS group successfully digitalizes Turkish Kardemir’s blast furnace No.5 Read More »
The losses of Al-Yamamah Steel Industries Company – Al-Yamama Steel -, which works in the manufacture of metal products to serve the construction, electricity and communications sectors, rose to 130.1 million riyals by the end of the year ending in September 2023, compared to losses of 26.7 million riyals achieved during the same period in …
The meeting of the 116th regular session of the Council of Arab Economic Unity was held today at the ministerial level, with the participation of a number of representatives of Arab countries, the presence of representatives of specialized Arab federations, and the participation of the Arab Iron and Steel Union. Ambassador Mohammadi Ahmed El-Ni, Secretary-General …
Algerian steelmaker Tosyali Algeria, a subsidiary of Turkiye’s Tosyal Holding, will complete the fourth phase of its capacity expansion project by 2025. The company will add a new direct reduced iron plant, an electric arc furnace, hot and cold rolling mills and a galvanizing mill to its site in the Bethia industrial zone (western Algeria). …
Tosyali Algeria will complete the expansion project by 2025 Read More »