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
Rebar prices in Egypt July 09, 2024 Read More »
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 During the modernization, the outdated equipment of the unit was replaced and a smart control system was installed, which increased the productivity of the blast furnace and reduced production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 –
Steel prices in the first week of July 2024 Read More »
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
India’s iron ore output up 2% in April-May 2024 Read More »
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,
Rebar prices in Egypt July 01, 2024 Read More »
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
Egypt: Ezz Steel announces the prices of rebar and flat steel for July Read More »
There is no excerpt because this is a protected post.
Protected: Arab Steel Magazine May – June 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $391/ tonne, $5 up compared to last week’s prices. and iron ore prices $105/ tonne, $2 up compared to last week’s prices. While the prices of billets ranged between 495 – 520 Dollars per tonne, while it was between 495 –
Steel prices on the last day of June 2024 Read More »
UAE’s Emirates Steel Arkan has maintained rebar prices for its July production. The company will continue offering rebar (10-40 mm) at AED 2,369 (USD 645) per ton EXW, AED 2,377 (USD 647) per ton CPT Abu Dhabi, and AED 2,384 (USD 649) per ton CPT Dubai, Sharjah, and Northern Emirates. These prices exclude 5pct VAT.
Emirates Steel Arkan keeps rebar prices unchanged for July output Read More »
Saudi Iron and Steel Company (Hadeed) has increased rebar and wire rod prices for its July production. The company is offering rebar (12-32 mm) at SAR 2,410 (USD 642) per ton, an increase of SAR 35 (USD 9) per ton compared to the previous month. The price of wire rod (6.5-16 mm) has also risen
Saudi Iron and Steel Company (Hadeed) raises long steel prices Read More »
In May 2024, US steel enterprises increased imports of rolled steel products by 6.6% compared to April this year, to 2.23 million tons. This is evidenced by data from the American Iron and Steel Institute (AISI). Total steel imports (rolled products and semi-finished products) increased by 1.7% last month compared to April – to 2.85
US increased rolled steel imports by 6.6% in May Read More »
The UK Department for Business and Trade (DBT) has announced that it has decided to extend the safeguard measures on 15 categories of steel products for a further two years until June 30, 2026. The decisions will come into effect from July 1,2024. Following an extension review initiated in September last year, the UK’s Trade
UK extends safeguard measures on 15 steel product categories until June 2026 Read More »
BHP Group, which is the largest mining company in the world, revealed that it may not be able to achieve zero emissions by 2050 amid its production of huge quantities of iron ore, which is an emissions-intensive material. However, the group confirmed that it is still working hard to achieve this, pointing to its efforts
In the January-May period this year, China’s iron ore production amounted to 457.352 million mt, increasing by 13.4% year on year, according to China’s National Bureau of Statistics (NBS). In May alone, China’s iron ore production totaled 88.479 million mt, increasing by 9.0% year on year, while up 0.65% month on month. Import iron ore
China’s iron ore production increased by 13.4% in Jan-May 2024 Read More »
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 38,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,000. Garhy Steel EGP 38,500, Misr Steel EGP 38,250, El Komy Steel EGP 38,250,
Rebar prices in Egypt June 25, 2024 Read More »
• We have just received the latest figures on the global steel industry, published by the World Steel Organization, in addition to a number of indicators from production and consumption to environmental performance, which constitute the main interest of manufacturers and international organizations such as the OECD, World Steel, and others. • As for the
Figures on the Arab iron and steel industry 2024 Read More »
Egypt’s imports of steel during the first quarter of 2024 amounted to about $1.164 billion, accounting for 6.1% of total Egyptian imports during this period, an increase of 29.5% compared to the same period in 2023, which amounted to $898.992 million. The 9 largest countries exporting iron and steel to Egypt Country Q1 2024
Egypt’s iron and steel imports recorded $1.2 billion in Q1 of 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $386/ tonne, from last week’s prices. and iron ore prices $105/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 495 – 525 Dollars per tonne, while it was between 500 – 525 dollars per
Steel prices in the fourth week of June 2024 Read More »
U.S. flat rolled steel prices appeared bearish, accelerating declines throughout June. HRC prices fell nearly 9%, their most significant month-over-month drop since February. CRC and HDG prices saw respective 6% declines, while plate prices fell 4%. Steel prices remain in search of new bottoms as the market appears increasingly soft. As of June 13, hot
Report: U.S. Flat Steel Prices Pressured by Influx of Imports Read More »
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 165.1 million tonnes (Mt) in May 2024, a 1.5% increase compared to May 2023. Africa produced 1.8 Mt in May 2024, up 0.9% on May 2023. Asia and Oceania produced 122.1 Mt, up 1.6%. The EU (27) produced 11.7
World’s crude steel production increased by 1.5% in May 2024 Read More »