The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last December amounting to EGP 128.97 million. The company explained, in a statement to the Egyptian Stock Exchange, that the sales of the Bahariya Oasis mines in November amounted to EGP 128.58 million. It added that the value of
Egypt: EGP 129 million in iron and steel sales for mines in December Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $349/ tonne, $9 up compared to last week’s prices. and iron ore prices $105/ tonne, unchanged from last week’s prices. While the prices of billets ranged between 430 – 445 Dollars per tonne, while it was between 435 – 455 dollars
Steel prices in the first week of February 2025 Read More »
Ezz Steel Company announced stability in prices starting from February 1, 2025 for the Fifth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.28 EGP
Egypt : Ezz Steel maintains rebar prices for February 2025 Read More »
In December, Turkey’s iron and steel exports ranked sixth among the country’s products with the highest export value, totaling $928.05 million, up by 11.3% year on year. According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). Meanwhile, in the given month the value of exports of articles of iron or
Turkey’s steel export value up 15% in 2024 Read More »
SMS Group announced the signing of a MoU with Ansteel Group in the field of “dual-carbon” initiatives, focusing on carbon peak and neutrality goals. They aimed to deepen cooperation in products, technologies, and projects to advance and innovate green steel technologies, thereby supporting the sustainable development of the global steel industry. The MoU was signed
Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been reduced by SAR 70 (USD 18) per ton to SAR 2,370 (USD 631) per ton. Above prices are
Hadeed updates long steel prices for February deliveries Read More »
The Brazilian miner, Vale, produced 328 million mt of iron ore in 2024, exceeding the target range of 310-320 million mt established for the year. The production of iron ore pellets in the year achieved 37 million mt, 1.2% higher than in 2023, but slightly lower than the target of 38 million mt established for
Vale exceeds its iron ore production target for 2024 Read More »
Tata Steel claimed that it has become India’s first steel company to develop pipes for hydrogen transportation, marking a significant milestone in the country’s hydrogen mission. The pipes, processed at Tata Steel’s Khopoli plant using steel manufactured at its Kalinganagar plant, have successfully met all the critical properties required for hydrogen transportation, the company said
Tata Steel becomes India’s first to develop hydrogen transport pipes Read More »
The rebar market in Saudi Arabia witnessed a decline in prices in most months of the year 2024 compared to the same period in 2023. The average price of rebar in 2024 amounted to about 2903.81 riyals, a decrease of 3.1% compared to the average price of the same rebar in 2023, which amounted to
Rebar prices in Saudi Arabia decline in 2024 Read More »
According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production in December 2024 amounted to 3.7 million tons, an increase of 3.2% compared to December 2023. Egypt topped Arab countries in steel production in December with a production volume of 991.2 thousand tons, an increase
Arab countries’ crude steel production to rise by 2.6% in 2024 Read More »
In a historic achievement that is considered a turning point in the Egyptian mining industry, Sun Rise, a leading company in the field of exporting and recycling industrial waste, announced the signing of an agreement with the Egyptian Iron and Steel Company for Mines and Quarries to export iron ore to China during 2025. This
Sun Rise Paves the Way for Iron Ore Exports in Egypt Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 33,500, El Komy Steel EGP 32,700,
Rebar prices in Egypt January 27, 2025 Read More »
Emirates Steel, a part of the EMSTEEL group, has announced stable rebar prices for February production. The price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai, Sharjah, and the Northern Emirates are offered at AED 2,668 (USD 726) per ton. These prices are exclusive
Emirates Steel maintains rebar prices for February 2025 Read More »
The United Arab Emirates, represented by the Ministry of Finance, has successfully concluded the final round of negotiations for Double Taxation Avoidance Agreement on income and capital with the Russian Federation. This milestone underscores the UAE’s commitment to strengthening economic and tax cooperation, fostering a business-friendly environment that protects taxpayers’ rights, prevents double taxation, and
UAE, Russia hold final round of negotiations for Double Taxation Avoidance Agreement Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne, $7 up compared to last week’s prices. and iron ore prices $105/ tonne, $1 up compared to last week’s prices. While the prices of billets ranged between 435 – 455 Dollars per tonne, while it was between 435 –
Steel prices in the fourth week of January 2025 Read More »
Some steelmakers in Canada and Mexico have told customers they are turning down new orders from the United States over concerns that President Donald Trump will soon reimpose tariffs. Canadian steelmaker Steelco Inc. has told U.S. consumers it has halted sales offers, according to a person familiar with the matter. Steel suppliers in Mexico also
Steelmakers in Canada, Mexico Refuse Down New U.S. Orders Read More »
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 144.5 million tonnes (Mt) in December 2024, a 5.6% increase compared to December 2023. Africa produced 1.9 Mt in December 2024, down 1.0% on December 2023. Asia and Oceania produced 106.3 Mt, up 9.0%. The EU (27) produced 9.6
World crude steel production to decline in 2024 Read More »
Dr. Mostafa Madbouly, Prime Minister, issued a decision to form specialized advisory committees to enhance communication between the government and experts in various private sector fields, as part of the approach aimed at strengthening permanent channels for exchanging visions and proposals to support the policy-making process. The decision stipulated the formation of 6 specialized advisory
Vale has announced that its iron ore pelletizing plant at Sohar Port will be powered entirely by renewable electricity by 2030, aligning with the company’s global commitment to decarbonize operations. Nasser Al Azri, CEO of Vale in Oman, highlighted that the transition to green energy supports regional steel mills in their move toward low-carbon steel
Oman : Vale’s Sohar pelletizing plant to transition to renewable power by 2030 Read More »
On the sidelines of the International Mining Conference held in Riyadh, the Mauritanian Minister of Industry and Minerals, Mr. Etiam Tijani, met with the CEO of Hadeed Company and Chairman of the Board of Directors of Takamul Company, Mr. Abdelkader Al-Mubarak, in the presence of the General Manager of SNIM, Eng. Mohamed Fall Ould Talmidi.
Meeting between Mauritanian Minister of Minerals and Industry and CEO of Hadeed Read More »
Egyptian long steel producer El Marakby Steel has received technical approval for rebar exports to Brazil from the Falcao Bauer Quality Institute, the company announced in a statement. The certification confirms El Marakby Steel’s ability to produce steel rebar in various grades ranging from 6.3mm to 32mm while adhering to the ABNT NBR 7480:2007 quality
Egypt: El Marakby Steel expands its exports by obtaining a certificate from Brazil Read More »
Iron ore and most base metals prices fell after US President Donald Trump said he would impose a 10% tariff on all Chinese imports, suggesting that February 1 could be the date they would likely take effect. Futures for the steel-making metal fell about 1.3% after the US president’s threat, which he described as a
Iron ore, other metals fall after Trump threatens China tariffs Read More »
In 2024, China’s hot rolled coil (HRC) production amounted to 213.542 million mt, increasing by 3.8% year on year, according to China’s National Bureau of Statistics (NBS). In the same period, China’s cold rolled coil (CRC) production totaled 47.407 million mt, up 3.8% year on year. In December alone, China’s hot rolled coil (HRC) production
China’s HRC output increases by 3.8% in 2024 Read More »
Slovenian leading electric steelmaker SIJ Group has signed a $1.54 billion agreement to build a specialized plant in Saudi Arabia, the company’s first investment outside Slovenia. The Slovenian Ministry of Finance said in a statement that the project is part of the long-term industrial development plan in Saudi Arabia, and will be mainly financed by
China’s manufacturing sector’s share of total steel consumption is set to rise in 2024, with demand from the new energy and infrastructure sectors increasing. Yao Lin, chairman of the China Iron and Steel Association, said at a press conference on Monday that the manufacturing sector’s share of steel consumption rose to 50% last year from
China’s manufacturing sector’s share of total steel consumption rises to 50% Read More »
South Korea’s Trade Commission has announced the preliminary results of its antidumping investigation on imports of stainless steel plate from China, covering the period between January 1, 2023, and December 31, 2023. Accordingly, the commission has decided to impose provisional antidumping measures in order to prevent further injury to the domestic industry caused by dumped
S. Korea imposes provisional AD duty on stainless steel plates from China Read More »
Algerian-Qatari Steel Company, located in the industrial zone “Bellara” in the municipality of El Milia (Jijel Province), announced the export of about 700 thousand tons of iron products in the past year 2024. In a statement by the company’s Deputy General Manager, Sofiane Chaib Seti, he explained that the Algerian-Qatari Steel Company was able to
Algerian-Qatari Steel Company exports about 700 thousand tons of steel products in 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,300, El Komy Steel EGP 33,600,
Rebar prices in Egypt January 20, 2025 Read More »
In a move aimed at localizing one of the most important elements of the value chains in the metal packaging industry, the National Industrial Company and the Chinese DHX Group signed an agreement to establish the first integrated tinplate production plant in Saudi Arabia. The plant, whose establishment agreement was signed on the sidelines of
In December last year, China’s outputs of pig iron, crude steel and finished steel totaled 66.7 million mt, 75.97 million mt and 119.1 million mt, increasing by 9.4%, 11.8% and 7.1% year on year, while decreasing by 1.16% , declining by 3.1% and rising by 0.24% month on month, respectively, as announced by China’s National
China’s crude steel output down 1.7% in 2024 Read More »