Local and foreign steel industry companies have pledged billions of dollars in projects that could elevate the region’s countries as centers for green steel manufacturing. Steel production accounts for between 7% and 9% of global carbon dioxide emissions, making it a challenging industry to decarbonize. With strong growth expected in global steel production in the …
Gulf countries chart path to green steel production Read More »
In June, , Turkey’s steel exports increased by 30.9% to 1.14 million mt, while the value of these exports rose by 12.6% to $829.24 million, year on year, according to a statement released by the Turkish Steel Producers’ Association (TCUD). In the first half, the country’s steel exports increased by 45.1% to 6.49 million mt, …
Turkey’s steel exports increase in H1, imports fall Read More »
Rebar prices in Egypt this week ranged between EGP 36,500– EGP 40,700. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 37,500, El Komy Steel EGP 37,800, El …
Ezz Steel Company announced price stability starting August 1, 2024 for the Fifth month in a row. Prices for rebar were EGP 40,700 per ton and flat steel at EGP 41,700 per ton. EXW, including value-added tax. Statement including VAT Rebar 40,700 Flat Steel 41,700
The Arab Iron and Steel Union is scheduled to hold 3rd Technical Committee Meeting of AISU on September 17-18, 2024 in Algiers, Algeria, at the kind invitation of the General Secretariat of AISU. In this meeting, it is scheduled to study carbon neutrality in Arab countries and short-term and long-term future plans. The committee consists …
Arab Iron and Steel Union holds 3rd Technical Committee Meeting in Algeria Read More »
The Arab Iron and Steel Union is scheduled to hold 9th Economic Committee Meeting of AISU during the period from 2-3 September in Cairo, Egypt, at the kind invitation of Ezz Steel Company. The committee holds its meetings periodically to study the conditions of the iron and steel industry and its repercussions on the steel …
Arab Iron and Steel Union holds 9th Economic Committee Meeting in Cairo Read More »
Arabian Gulf Steel Industries, the national company specialized in manufacturing sustainable steel and headquartered in Abu Dhabi, announced achieving climate neutrality (net zero emissions) at its steel plant in the Emirate of Abu Dhabi, in commitment from the company to enhance environmental responsibility and sustainable manufacturing efforts. The company’s efforts are in line with the …
Arabian Gulf Steel Industries achieves climate neutrality Read More »
Rebar prices in Egypt this week ranged between 37,300– 40,700 pounds. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 38,000, El Komy Steel EGP 37,500, El …
According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, unchanged from last week’s prices. and iron ore prices $110/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 500 – 520 Dollars per tonne, while it was between 500 – 520 dollars …
In June this year, China’s finished steel exports amounted to 8.7545 million mt, down 9.2 % month on month and up 16.4% year on year, according to the latest data released by China’s General Administration of Customs (GACC). In the January-June period this year, China’s finished steel exports rose by 24.0% year on year to …
The United States today revealed tightening measures related to steel and aluminum imports from Mexico, as part of its efforts to prevent Chinese-origin goods from evading duties. This is the latest step taken by President Joe Biden’s administration in the period leading up to the elections, as part of a series of efforts aimed at …
US tightens steel and aluminum import rules to prevent China from avoiding paying duties Read More »
The Ministry of Housing and Urban Planning signed an agreement with the Chinese company CMEC to implement the third phase of the Sitra housing project. This came during a working meeting in the Chinese capital, Beijing, chaired by the Minister of Housing and Urban Planning, Amna Al Rumaihi, and the Chairman of the Board of …
In May this year, Turkey’s billet and bloom imports amounted to 155,291 metric tons, down by 43.7% compared to April and by 50.0% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $90.25 million, decreasing by 41.9% compared to the previous …
Algeria is the second largest country exporting billet to Turkey in Jan. – May 2024 Read More »
In May this year, Turkey’s hot rolled coil (HRC) imports amounted to 283,150 metric tons, down by 24.3% compared to April and by 51.8% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports totaled $195.19 million, decreasing by 20.9% compared to the previous …
Egypt is the second largest country exporting HRC to Türkiye In Jan. to May 2024 Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of May of 19.87 million pounds. The company explained, in a statement to the Egyptian Stock Exchange, that sales of Bahariya Oasis mines in May amounted to 19.86 million pounds. The company added that the value of …
Rebar prices in Egypt this week ranged between 38,000– 40,700 pounds. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 38,500, El Komy Steel EGP 38,000, El …
The expansion of reliance on green energy will lead to a continuous increase in steel prices globally, especially in India, until next year (2025), according to expectations of the Indian credit research and rating institution “Ind-Ra”. The credit rating agency indicated that Chinese demand will contribute to this expected increase in steel prices, according to …
Report: Green energy expansions push steel prices to continue rising Read More »
South Korean steelmaker POSCO has invested KRW 530 billion ($381.7 million) to modernize blast furnace No. 4 in Pohang. During the modernization, the outdated equipment of the unit was replaced and a smart control system was installed, which increased the productivity of the blast furnace and reduced production costs. In addition, POSCO increased the thickness …
POSCO invests $381.7 million to modernize blast furnace No. 4 in Pohang Read More »
The current iron ore pricing mechanism can no longer reflect the real supply and demand situation in the market, Luo Tiejun, vice president of the China Iron and Steel Association (CISA), has stated while attending the 10th anniversary of the Beijing Iron Ore Trading Center Corporation at Xi’an, Shaanxi Province. Mr. Luo urged the majority …
According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, $1 down compared to last week’s prices. and iron ore prices $110/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 500 – 520 Dollars per tonne, while it was between 495 – …
Emirates Steel Arkan announced that it has signed a memorandum of understanding with the Danieli Group, the international company. The memorandum was signed by Saeed Alghafri, CEO of Emirates Steel Arkan, and Rolando Paolone, CEO and CTO of Danieli, during the Fifth Danieli Innovaction Meeting that took place at Danieli headquarters in Italy. Emirates Steel …
Emirates Steel Company Arkan signs MoU with Danieli to reduce carbon Read More »
The Libyan Iron and Steel Company announced its production of raw steel, as Eng. Mohamed Al-Radani, Director of the Direct Reduction Factories Operation Department, confirmed through the company’s official Facebook page that the company succeeded in achieving the semi-annual target for the year 2024, and even exceeded it. He pointed out that the first and …
Jordan Steel Company announced rebar prices for July 2024, an increase of between 4 -5 dinars over last month’s prices. The prices for Grade 60 EXW, between 457 and 462 dinars per tonne, excluding sales tax. However, with sales tax, it is between 545 and about 550 dinars per tonne. Grade Price without tax …
Jordan Steel announces the prices of rebar for July 2024 Read More »
Tata Steel Nederland, a subsidiary of Indian steelmaker Tata Steel, has announced the launch of Zeremis® Recycled, its new steel product which has a higher recycled scrap content, aiming to help its customers to reach their short-term circularity goals without sacrificing quality and to meet the demand for this type of steel in several sectors …
Tata Steel Nederland unveils new steel product with high scrap content Read More »
India’s iron ore production has been provisionally estimated at 52 million mt in the April-May period of the fiscal 2024-25, up 2% over the corresponding period of the previous fiscal year, according to a statement of the ministry of mines released on Monday, July 1. Production of manganese ore was up 16.7% to 0.7 million …
Environmental campaigners warn that the European steel industry risks missing its ambitious climate targets, despite billions of euros in support pledges by the region’s governments. The non-profit research organization Aria indicated that the European Commission has approved grants worth more than 8 billion euros since 2022 to some of the largest producers in the bloc. …
Report: The European steel sector faces the risk of missing climate goals Read More »
In May this year, Japanese ferrous scrap exports amounted to 520,492 mt, down by 12.0% compared to 591,779 mt in the same month of the previous year, according to customs statistics. In the January-May period this year, the country exported 2.59 million mt of scrap, down by 8.3% year on year. During the given period, …
Japan’s steel scrap exports down 8.3% in January-May 2024 Read More »
Within the framework of the objectives of the Arab Iron and Steel Union, focusing on human development and raising skills in the field of iron and steel, AISU trained a group of technicians at the Bahrain Steel Company through the training program “Maintenance Management Systems.” The program addresses the following topics: The concept of maintenance …
Rebar prices in Egypt this week ranged between 37,700 – 40,700 pounds. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 38,250, El Komy Steel EGP 38,250, …
Ezz Steel Company announced price stability starting July 1, 2024 for the fourth month in a row. Prices for rebar were EGP 40,700 per ton and flat steel at EGP 41,700 per ton. EXW, including value-added tax. Statement including VAT Rebar 40,700 Flat Steel 41,700