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 …
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 …
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, …
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 …
The Minister of Industry and Pharmaceutical Production, Dr. Seifi Ghrib, visited the Algerian-Qatari Steel Company on Thursday, January 16, 2025, accompanied by the Wali of Jijel, and a number of national and local figures. They were received by the CEO of the National Iron and Steel Company, Mr. Adel Khaman, the CEO of the Algerian-Qatari …
Australian authorities have closed Port Hedland, the country’s largest iron ore export hub, due to a tropical cyclone developing off the coast of Western Australia’s Pilbara region. The Pilbara Ports Authority, which operates the port, has ordered all cargo ships to leave the port by 6pm local time, amid expectations that two tropical depressions will …
Australia closes major iron ore export ports due to tropical cyclone Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $333/ tonne, $11 down compared to last week’s prices. and iron ore prices $104/ tonne, $6 up compared to last week’s prices. While the prices of billets ranged between 435 – 455 Dollars per tonne, while it was between 435 – …
Moody’s credit rating agency expects economic growth in most countries of the Middle East and North Africa region to accelerate during the current year, supported by the recovery of oil production and the progress of investment projects. The agency estimated in its report that economic growth in the Middle East and North Africa region will …
Moody’s expects economic growth in Middle East countries to accelerate in 2025 Read More »
Saudi Iron and Steel Company (Hadeed) revealed strategic acquisitions and investments worth 25 billion riyals to support Saudi Vision 2030 projects, as part of the strategic announcement package for the International Mining Conference in Riyadh. Hadeed also revealed, on the sidelines of the International Mining Conference in Riyadh, the company’s plans to produce 10 million …
According to the notification received by the World Trade Organization, Morocco has decided to end safeguard measures on imports of cold rolled sheets and plated or coated sheets applicable as of December 31, 2024. The measures have been implemented for ten years. The safeguard measures consist of an additional ad valorem duty of 13.75 percent …
Morocco terminates safeguard measures on CRS and coated sheets after 10 years Read More »
The Arab Energy Organization (formerly OAPEC) expects global oil prices to rise, amid efforts by refineries, especially in Asia, to search for new sources of supply. The Secretary-General of the organization, Jamal Al-Loughani, said today, Wednesday, January 15, 2025, that the decision to tighten US economic sanctions on the energy sector in Russia played a …
Arab Energy Organization expects oil prices to rise Read More »
Al Jazeera Steel Company, operating in the iron pipes industry, profits rose to OMR 7.10 million (57 baisas/share) by the end of 2024, compared to profits of OMR 4.10 million achieved in the same period in 2023, as shown in the following table: income list Period September 2023 September 2024 Change Revenues (million Omani Riyals) …
Al Jazeera Steel profits rise to OMR 7.10 million (+73%) by the end of 2024 Read More »
The steel industry faces major challenges related to climate change and the need to reduce the carbon footprint, which has long been accused of being one of the main influencers of environmental pollution. It must be acknowledged that the largest countries in the world have made international public opinion aware of the need to take …
The Financial Regulatory Authority said that Ahmed Ezz, the main shareholder in Ezz Steel, filed a grievance against the exclusion of his shares and the shares of parties related to him from voting on the decisions of the extraordinary general assembly to voluntarily delist the company’s shares. Ahmed Ezz owns more than 68% of Ezz …
Ezz Steel shares jumped more than 5% at the start of trading on Tuesday, topping the Egyptian Stock Exchange after announcing the optional delisting price. By 10:45 am Cairo time, the stock rose 5.08% to EGP 126.8 with EGP 182 million in trading. Ezz Steel decided to set the purchase price for the delisted shares …
Egypt: Ezz Steel shares jump more than 5% to top trading Read More »
Iron ore prices have topped $100 a tonne again after data showed China’s annual imports of the steel-making metal hit a record high and the country’s trade surplus soared, with futures in Singapore rising more than 4% for a fourth straight day. Iron ore futures rose 1.6% to $100.35 a tonne in Singapore, while in …
Iron ore rises as demand outlook boosted by China imports Read More »
Rebar prices in Egypt this week ranged between EGP 32,700 – 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 34,500, El Komy Steel EGP 34,000, …
In 2024, China’s iron ore imports reached 1.24 billion mt, up 4.9% year on year, according to the latest data released by China’s General Administration of Customs (GACC). This happened even though overall crude steel production posted a negative trend with a 2.7% decline in the first 11 months of the year. Iron ore port …
China’s iron ore imports increase by 4.9% in 2024 Read More »
In November last year, Turkey’s billet and bloom imports amounted to 474,977 metric tons, down by 24.4% compared to October and up by 100.8% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $244.84 million, decreasing by 26.7% compared to the …
Turkey’s billet imports up by13.5% in January – November 2025 Read More »
In 2024, China’s finished steel exports rose by 22.7% year on year to 110.716 million mt, compared to a 22.6% increase in the first 11 months of the year. The 2024 figure represents a nine-year high, after steel exports peaked at 112 million mt in 2015. The total figure for 2024 was even higher than …
China’s steel exports exceed 110 million mt in 2024 Read More »