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Al Jazeera Steel profits rise to 3.91 million riyals (+62%) in January – September 2024

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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 »

Bahrain imports iron ores worth 47.5 million dinars from Brazil in September

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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 »

Arab Steel Summit kicks off in Qatar with attendance of major Egyptian companies

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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 »

Arab Steel Summit: Expected growth in demand for steel products supported by infrastructure projects

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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 …

Arab Steel Summit: Expected growth in demand for steel products supported by infrastructure projects Read More »

Arab Steel Summit in Doha Discusses Geopolitical Challenges to Steel Industry

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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 »

Speech of the Secretary General Dr. Kamel Djoudi at the 17th Arab Steel Summit

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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 »

Arab Steel Summit .. Minister of State for Energy Affairs: The steel industry needs to invest in advanced technologies

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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 …

Arab Steel Summit .. Minister of State for Energy Affairs: The steel industry needs to invest in advanced technologies Read More »

Minister of State for Energy Affairs Calls for Strengthening Global Position of Arab Iron, Steel Industry

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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 …

Minister of State for Energy Affairs Calls for Strengthening Global Position of Arab Iron, Steel Industry Read More »

elmarakby steel

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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 …

elmarakby steel Read More »

Egypt: “International Steel” pumps 5.5 billion pounds to develop “Delta Steel” factory

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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 »

Britain abandons coal for power generation and closes largest traditional steel mill

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Britain has taken steps aimed at reducing carbon emissions and ending the era of reliance on fossil fuels for power generation that began 142 years ago. On Monday, Britain announced its intention to close the country’s last coal-fired power plant, as well as the largest traditional steel plant, making it the only G20 member without …

Britain abandons coal for power generation and closes largest traditional steel mill Read More »

Towards decarbonisation.. Britain’s largest steel mill ends production after 100 years

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Britain’s largest steel mill will end production later on Monday, when the last blast furnace at Port Talbot in Wales closes after more than 100 years of steelmaking, with the loss of nearly 3,000 jobs. The closure of the last blast furnace at Port Talbot, once Europe’s largest steel mill, caps decades of decline in …

Towards decarbonisation.. Britain’s largest steel mill ends production after 100 years Read More »

Turkey’s steel export value up 19.0% in January-August 2024

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According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Under secretariat of Customs, in August this year Turkey’s foreign trade deficit decreased by 42.7% to $4.99 billion compared to August 2023. In the JanuaryAugust period this year, Turkey’s foreign trade deficit went down by 33.5 % year …

Turkey’s steel export value up 19.0% in January-August 2024 Read More »

Iron and Steel Mines’ Profits Record EGP 126 Million in Last Fiscal Year

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The adjusted financial indicators of the Iron and Steel Mines and Quarries Company revealed a marginal decline in the company’s net profit during the last fiscal year. It explained in a statement to the Stock Exchange that it achieved a net profit of EGP 125.95 million in profits during the period from July 2023 to …

Iron and Steel Mines’ Profits Record EGP 126 Million in Last Fiscal Year Read More »

Minister of Public Business Sector visits Nasr Steel Pipes Company

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Engineer Mohamed Shimi, Minister of Public Business Sector, paid a field visit to Nasr Steel Pipes Manufacturing Company, affiliated to the Holding Company for Metallurgical Industries, as part of the ongoing field visits to affiliated companies to monitor the progress of work and modernization and development plans. During the visit, he inspected factories and production …

Minister of Public Business Sector visits Nasr Steel Pipes Company Read More »

$1.3 billion is the volume of Egypt’s iron and steel exports in January – August 2024

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A recent report revealed a 15% decline in Egypt’s iron and steel exports in January – August of this year, reaching $1.368 billion, compared to $1.617 billion in the same period last year. Italy came in first place among importers of Egyptian iron with a value of $161 million, followed by Spain with $153 million, …

$1.3 billion is the volume of Egypt’s iron and steel exports in January – August 2024 Read More »

Saudi Iron and Steel Company – Hadeed – Reduces Rebar Prices for October Delivery

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Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70 ($19) per ton, bringing the new price to SAR 2,300 ($613) per ton. Similarly, the price of wire …

Saudi Iron and Steel Company – Hadeed – Reduces Rebar Prices for October Delivery Read More »

Report: Green Steel Industry in the Middle East Gains Global Attention

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The talk about green steel is increasing year after year, within the framework of global energy transition and emission reduction initiatives led by Europe, the United States and some major industrial countries. The Middle East and North Africa region is attracting significant European and global attention within the framework of these emerging initiatives, given that …

Report: Green Steel Industry in the Middle East Gains Global Attention Read More »

Fitch: Global steel sector faces increasing pressures due to falling demand

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Fitch Ratings indicated that the global steel sector is facing increasing pressures due to falling demand and prices, especially with the rise in Chinese exports that weaken producers’ profit margins. The rating outlook for global steel companies varies based on their debt reduction paths and liquidity risks. In Europe, maintenance operations that halted production at …

Fitch: Global steel sector faces increasing pressures due to falling demand Read More »

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