Rebar market in Saudi Arabia witnessed a decline in prices in the first nine months of 2024 compared to the same period in 2023, as the average price of rebar in January – September of this year reached 2896.51 riyals, a decrease of -4.3% compared to the average for the same period in 2023, which
Rebar prices in Saudi Arabia decline in Jan. – Sep. 2024 Read More »
Prices of major building materials groups recorded slight relative declines during the second quarter compared to the first quarter of 2024, as cement prices decreased by 1-3%, while rebar decreased by about 4.8% in the same comparison, according to data from Dubai Statistics, published by Dubai Digital. As for rebar, twisted steel measuring (6-8) millimeters
Building materials prices record slight declines in Q2 2024 Read More »
On October 20, 2024, Al Yamamah Steel Industries Company signed a contract to supply steel towers with Larsen & Toubro Saudi Arabia for the project to establish a 500 kV ultra-high voltage line from the central region to the western region (phase three) worth 170.5 million riyals. The company said in a statement on Tadawul
Al Yamamah Steel signs two contracts to supply steel towers worth 309 million riyals Read More »
Last Monday, the 17th Arab Steel Summit was held in Doha, Qatar, organized by the Arab Iron and Steel Union in cooperation with Qatar Steel Company under the patronage of His Excellency Eng. Saad Sherida Al Kaabi, Minister of State for Energy Affairs – State of Qatar. It is the largest and most important event
in January-September 2024, Ukrainian steelmakers increased exports of semi-finished steel products by 65.5% compared to the same period in 2023, to 1.53 million tons. This is evidenced by data from the State Customs Service. In September, exports of Ukrainian semi-finished products amounted to 224.09 thousand tons, up 12.9% month-on-month and 55.6% y/y. The average monthly
Ukraine exported 1.53 million tons of semi-finished products in January-September 2024 Read More »
Iron and steel source attributed the growth of cold steel sheet exports to Morocco because of their low prices compared to competing countries in the Moroccan market, including China. The imports of CR steel from Egypt to Morocco increased by 343% in 2022-2023, while about 6 thousand tons were recorded in the first 5 months
Egyptian steel factories deny deliberately dumping the Moroccan market with CR steel Read More »
Algeria participated strongly in the activities of the 17th Arab Steel Summit in the Qatari capital, Doha, during the 14th and 15th of October, represented by the Metallurgical and Steel Industries Complex (Imetal) in Algeria and all its subsidiaries, in addition to the Algerian-Qatari Steel Company, the largest successful Arab-Arab investment in the field of
Algerian companies strongly present in the 17th Arab Steel Summit in Doha Read More »
On the sidelines of the 17th Arab Steel Summit, the 129th Board of Directors meeting of the Arab Iron and Steel Union was held on October 14. The meeting was chaired by Mr. Awaad Al-Khalidi, Chairman of the Board of Directors of the Arab Iron and Steel Union, who began his speech by praising the
Arab Iron and Steel Union holds 129th Board of Directors meeting in Doha Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $272/ tonne, $13 down compared to last week’s prices. and iron ore prices $102/ tonne, $5 down compared to last week’s prices. While the prices of billets ranged between 475 – 510 Dollars per tonne, while it was between 480 –
Steel prices in the third week of October Read More »
Iron ore prices rose during Friday’s trading, trading above $100 per tonne after falling below this important psychological level yesterday as Chinese measures to support the housing market failed to improve investor sentiment. Iron ore futures prices for November delivery on the Singapore Exchange rose 2.04% to $101.65 per tonne at 12:46 p.m. Mecca time.
Iron ore prices rise 2% to exceed $100 per tonne Read More »
Chinese steel production and crude oil refining continued to slump in September, while output of other key commodities rose. Steel mills churned out 77.07 million tons last month, the lowest total this year, leaving production in the first nine months down 3.6%, according to the statistics bureau on Friday. Oil refining fell to a three-month
China’s Steel Output and Crude Oil Refining Continue to Slump Read More »
Iron ore prices fell on Thursday, falling below $100 per tonne for the first time in nearly three weeks, indicating investors doubt the effectiveness of China’s property support measures. Singapore’s November iron ore futures fell 4.62% to $99.90 per tonne at 11:55 a.m. Mecca time, the lowest since September 26. China’s Housing Minister Ni Hong
Iron ore falls more than 4.5%, trades below $100 Read More »
The Moroccan Ministry of Industry and Trade has officially announced the launch of an anti-dumping investigation into imports of CR steel from Egypt. This investigation comes following a complaint filed by Maghreb Steel, the only Moroccan flat steel producer in Morocco, which alleges that these imports are being dumped in the Moroccan market at unfair
Morocco: Ministry initiates anti-dumping probe into CR steel imports from Egypt Read More »
The Arab Iron and Steel Union announced the winners of the Best Three Arab Scientific Research Competition in the field of iron and steel industry on October 15 during the 17th Arab Steel Summit held in Doha, Qatar during the period October 14-15. The first place was won by Dr. Mohamed Bahgat from Hadeed –
The Chinese government announced the discovery of high-grade iron ore deposits in east China’s Shandong Province, with estimated reserves of about 104 million tons. The Shandong Provincial Natural Resources Administration has identified 16 high-grade iron ore deposits in the Xihe-Yuecheng area of China, Xinhua News Agency reported. High-grade iron ore typically has a total iron
China: 104 mln tons of iron ore reserves discovered Read More »
Al Jazeera Steel Company, operating in the iron pipes industry, increased its profits to OMR 3.91 million (31 baisa/share) by the end of the first nine months of 2024, compared to profits of OMR 2.41 million achieved in the same period in 2023, as shown in the following table: income list Period September 2023 September
Al Jazeera Steel profits rise to 3.91 million riyals (+62%) in January – September 2024 Read More »
The Information and eGovernment Authority explained that during September, the Kingdom of Bahrain imported iron ores and non-agglomerated concentrates from Brazil worth 47.5 million dinars, with a volume of one million kilograms. The Authority issued its report on foreign trade statistics for the month of September 2024, where the report includes data on imports and
Bahrain imports iron ores worth 47.5 million dinars from Brazil in September Read More »
The Arab Steel Summit kicked off this Monday morning, organized by the Arab Iron and Steel Union, with attendance of major Arab iron and steel companies, Ezz Steel Egypt, El Ashry Steel Group, El Marakby Steel Company, and other Egyptian companies. The Arab Steel Summit, which is being held this year in Doha, the capital
Arab Steel Summit kicks off in Qatar with attendance of major Egyptian companies Read More »
George Matta, Head of Marketing Sector at Ezz Steel and Chairman of the Economic Committee of the Arab Iron and Steel Union, expected that demand for steel products in the Middle East region will increase during 2024, supported by infrastructure projects implemented by Egypt, Saudi Arabia, the United Arab Emirates, and Algeria. In his speech
The 17th Arab Steel Summit kicked off in Doha today, Monday, with the attendance of about 550 participants from the most prominent influencers and experts in the iron and steel industry. In his opening speech, Al Kaabi pointed to a set of challenges facing the steel industry in the Arab world, especially geopolitical fluctuations and
Arab Steel Summit in Doha Discusses Geopolitical Challenges to Steel Industry Read More »
In the name of Allah, the Most Gracious, the Most Merciful His Excellency Eng. Saad Sherida Al-KaabiMinister of State for Energy Affairs – State of Qatar Your Excellencies the Ambassadors of the Arab Countries His Excellency Mr. Awad Al-Khalidi, Chairman of the Board of Directors of the Arab Iron and Steel Union Ladies and Gentlemen
Speech of the Secretary General Dr. Kamel Djoudi at the 17th Arab Steel Summit Read More »
His Excellency Eng. Saad Sherida Al Kaabi, Minister of State for Energy Affairs, opened the 17th Arab Steel Summit and the accompanying International Iron and Steel Exhibition, calling for strengthening the position of the Arab iron and steel industry on the global map and creating appropriate regulatory and investment conditions to stimulate its growth and
HE Minister of State for Energy Affairs, Saad bin Sherida Al Kaabi, inaugurated the 17th Arab Steel Summit and the accompanying International Iron and Steel Exhibition by calling for positioning the Arab iron and steel industry firmly on the global map and creating the appropriate regulatory and investment conditions to stimulate its growth and enhance
Qatar Steel is hosting the 17th Arab Steel Summit and International Iron and Steel Exhibition at the Sheraton Doha Hotel from October 14 to 15, 2024 under the patronage of His Excellency Eng. Saad Sherida Al Kaabi, Minister of State for Energy Affairs. Qatar Steel said that the event, organized by the Arab Iron and
540 Participants and Exhibitors at Arab Steel Summit Read More »
elmarakby steel Egypt Since 1960 elmarakbysteel has existed in the steel business to serve our customers with steel products distribution and supply within the entire country keeping in mind that customers have to experience the highest quality with no exception in everything we do. Started by the first generation with trading activity moved by the second
Turkey has imposed anti-dumping duties on some steel imports from China, Russia, India and Japan, with the highest duties on imports from China, according to a decision published in Turkey’s Official Gazette. The decision said the duties would range from 6.10% to 43.31% of cost, insurance and freight (CIF) prices, in a move aimed at
Turkey imposes anti-dumping duties on steel imports Read More »
International Steel for Industry intends to pump investments worth 5.5 billion pounds to develop the Delta Steel Factory, and increase its production capacity of reinforcing steel, steel coils and steel squares during 2025. Ahmed Al-Jarwani, Chairman of the Board of Directors of International Steel for Industry, told “Al-Arabiya Business” that the company will finance about
Egypt: “International Steel” pumps 5.5 billion pounds to develop “Delta Steel” factory Read More »
The National Association of Banks and Financial Institutions issued an instruction prohibiting the import of some steel products. The association said it received a telegram from the Secretary General of the Ministry of Trade and Export Promotion asking banks not to approve bank domiciliation requests related to the import of some steel products intended for
Algeria bans import of some steel products Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $385/ tonne, $17 up compared to last week’s prices. and iron ore prices $110/ tonne, $8 up compared to last week’s prices. While the prices of billets ranged between 470 – 495 Dollars per tonne, while it was between 455 –
Steel prices in the first week of October Read More »
