According to the prices announced in the global steel markets, scrap prices amounted to $382/ tonne, $3 up compared to last week’s prices. and iron ore prices $109/ tonne, $7 down compared to last week’s prices. While the prices of billets ranged between 490– 525 Dollars per tonne, while it was between 490– 525 dollars …
In the latest report of Worldsteel , which was released on June 6, 2024 and includes a list of the largest steel producing companies and their ranking according to production in 2023. Ezz Steel ranked first among Arab Steel producers with 6.2 million tons of crude production, followed by Hadeed (SABIC) with 5.5 million tons …
Ezz Steel Tops Arab Producers List in 2023 with 6.2 million tons of crude steel output Read More »
Tata Steel Meramandali, Odisha, India, has taken a significant step in its journey towards decarbonization by placing an order with SMS group for the implementation of Paul Wurth Coke Oven Gas (COG) Injection Technology at their Blast Furnace (BF) #1. Coke oven gas is a byproduct that forms during the production of coke from coal …
Engineer Ahmed Samir, Minister of Trade and Industry, and Major General Abdel Majeed Saqr, Governor of Suez, discussed with representatives of 137 international companies specialized in the field of iron and steel manufacturing at the headquarters of the Suez Steel Company, affiliated with the Misr Steel Group, the investment opportunities available in the Egyptian market …
Egypt: The Ministry of Industry supports iron and steel factories to produce green steel Read More »
Commodity trading giant Cargill has halted its steel business in mainland China, after years of suffering due to a slowdown in activity amid the country’s real estate recession. The company halted steel trading this week, according to people familiar with the matter, who requested anonymity because the information is private. The move does not affect …
Cargill stops steel trading in China due to slowdown and real estate crisis Read More »
Emirates Steel Arkan, the largest local steel producer and market leader in the UAE, announced that it has signed a memorandum of understanding with China-based Delong Steel, in order to decarbonize its operations. Accordingly, and within the scope of the Memorandum of Understanding, the two companies will cooperate in building and operating a low-carbon raw …
Latin American countries are following in the footsteps of the United States and Europe by imposing heavy tariffs on Chinese steel imports, which represents a real test of the relationship between the two sides. A Bloomberg report stated that, due to the global shift towards protectionist measures and the influx of Chinese imports that threaten …
Latin America doubles tariffs on steel imports from China Read More »
The Egyptian AlGioshy Steel Company is negotiating with several Italian companies, most notably Danieli and Cedar Engineering, to add a new production line during the next year at an investment cost ranging between 500 million and 1 billion pounds. Tarek AlGioshy , the company’s chairman, said in an interview with Al Arabiya Business that, in …
JLL Real Estate indicated, in its latest report on the performance of the construction market in the UAE during the first quarter of 2024, that despite the continuation of global challenges such as persistent inflation, high interest rates, and geopolitical tensions, the total value of construction projects that were not completed is expected to reach… …
Jordan Steel Company announced rebar prices for June 2024, an increase of between 3 -10 dinars over last month’s prices. The prices for Grade 60 EXW, between 453 and 462 dinars per tonne, excluding sales tax. However, with sales tax, it is between 540 and about 550 dinars per tonne. Grade Price without tax …
Jordan Steel announces the prices of rebar for June 2024 Read More »
Robert Habeck, federal minister for Economic Affairs and Climate Action of Germany, has announced his approval for the funding for the decarbonization project to be implemented by Luxembourg-based steelmaker ArcelorMittal at its Bremen and Eisenhüttenstadt plants. By securing the approval, the steel giant will now be able to start decarbonizing its steel production in the …
ArcelorMittal’s decarbonization project in Germany receives funding approval Read More »
Iron ore prices fell to their lowest level in 6 weeks, in light of investors’ concerns about the prospects for Chinese demand as the extended crisis in the real estate sector enters its third year. Iron ore futures prices in Singapore fell by 3.3% to $111.70 per ton during today’s trading, recording the lowest level …
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 35,800. 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 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 36,500, …
Saudi Aramco signed several contracts with Group Five Pipe and Integrated Pipes for Industry to supply steel pipes for its projects, with a value of more than 3.1 billion riyals, according to two separate disclosures by the two companies on the Saudi stock market. Aramco is heading to raise up to $12 billion (44.8 billion …
Aramco signs contracts to supply pipes for its projects worth 3 billion riyals Read More »
Ezz Steel Company announced price stability starting June 1, 2024 for the third 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
According to the prices announced in the global steel markets, scrap prices amounted to $379/ tonne, $1 up compared to last week’s prices. and iron ore prices $116/ tonne, $5 down compared to last week’s prices. While the prices of billets ranged between 490– 525 Dollars per tonne, while it was between 493– 525 dollars …
Maghreb Steel, the top flat steel producer in Morocco, has reported a 5pct YoY growth in revenue, driven by a rise in domestic sales. In the first quarter of 2024, the company’s sales revenue reached MHD 1.271 bln (USD 126 mln), marking a slight increase from MHD 1.206 bln recorded in the corresponding quarter of …
Maghreb Steel’s revenue climbs in Q1 2024 amid surge in sales Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Under secretariat of Customs, in April this year Turkey’s foreign trade deficit increased by 12.9% to $9.86 billion compared to April 2023. In the January-April period this year, Turkey’s foreign trade deficit went down by 30.5% year on …
Turkey’s steel export value up 22.0% in January-April 2024 Read More »
According to the data released by the World Steel Association (worldsteel), global direct reduced iron (DRI) production in the 13 countries accounting for approximately 91.5% of total world DRI production in 2023 amounted to 9.32 million metric tons in April this year, decreasing by 2.6% month on month and falling by 12.6% year on year. …
French energy giant TotalEnergies SE and Austrian utility Verbund AG are considering producing green hydrogen in Tunisia, before exporting the emission-free fuel via pipeline to Europe. Under a memorandum of understanding signed with the Tunisian government, Verbund and TE H2 – a joint venture owned 80% by Total Energies and 20% by Eren Groupe SA …
Total is considering producing hydrogen in Tunisia and exporting it to Europe Read More »
Tosyali Algeria Steel Complex, located in Batioua, Oran Province, announced on Monday, May 27, the operation of its flat steel production plant. This is the first phase of this new investment, which will become fully operational during the second half of 2024. The steel manufacturer said in a press release that Tosyali Algeria is honored …
Tosyali Algeria announces the start of operation of its flat steel production plant Read More »
The fifth edition of the DIM (Danili InnovAction Meeting) was launched, which Danieli organizes periodically, has international importance in promoting technological progress in the steel industry. DIM will start on May 28 and end on May 30, and it will host 351 companies and more than 700 experts from all over the world. The speeches …
Danieli Innovaction Meeting Opens With Almost 700 Guests Read More »
The European Steel Tube Association (ESTA) has welcomed the European Commission’s anti-dumping investigation into imports of certain seamless round pipes from China. The share of Chinese imports of seamless pipes in the European market rose from 3.8% in 2021 to 7% in 2022, and last year reached 12.6%, despite the fact that there are already …
European steel pipe producers support anti-dumping investigation of imports from China Read More »
The Saudi Iron and Steel Company (Hadeed) announced the prices of rebar for the month of June, as the price of rebar (12-32 mm) reached 2,375 riyals ($633) per ton, an increase of 25 riyals ($7) per ton compared to the previous month. While the prices of wire rod (6.5 – 16 mm) remained unchanged …
Saudi Iron and Steel Company announced an increase in the prices of rebar Read More »
Official data from the Chamber of Metallurgical Industries of the Federation of Egyptian Industries revealed that total iron exports in the first quarter of this year recorded 355 thousand tons, compared to about 291 thousand tons in the first quarter of 2023. The president of AlGioshy Steel Company, Tariq Al Gioshy , said that rebar …
Egypt’s exports of rebar increased by 22% in Q1 of 2024 Read More »
The Saudi Basic Industries Corporation (SABIC) announced that it has obtained all final approvals from the competent authorities, that all conditions have been met, and that ownership of the Saudi Iron and Steel Company (Hadeed) has been completely transferred to the Public Investment Fund. The company said in a statement to Tadawul Saudi Arabia, today, …
The rate of pollution caused by major steel companies in China decreased in the first quarter of 2023, according to data from the China Iron and Steel Association. The total amount of waste water disposed by major steel companies fell by 16.39 percent year on year, and sulfur dioxide emissions fell by 15.75 percent during …
Market insiders in the United Arab Emirates reported that rebar prices for Emirates Arkan Steel reached 2,370 dirhams ($645) per ton CFR. This comes after Emirates Steel Company amended its pricing policy, moving from the unified market price to different prices based on individual customer agreements. Regular customers reportedly get additional discounts on orders exceeding …
Ezz Steel Company said that establishing a factory to produce steel plates is still in the study stage. The company confirmed, in a statement in response to the stock exchange’s inquiries regarding what was published under the title “Ezz Steel obtains a license in preparation for launching a new panel factory,” that construction work has …
Ezz Steel: Establishing a factory to produce steel plates is still in the study stage Read More »
The signal to start the construction work of the first mixed unit for the production of iron ore concentrates in the Tomiyat region (north of Bashar) was officially given by the local authorities of Bashar State and officials of the “Tosyali Company.” The project aims to value the iron ore mine in Gara Djebilet (Tindouf). …