According to the prices announced in the global steel markets, scrap prices amounted to $378/ tonne, $3 down compared to last week’s prices. and iron ore prices $121/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 493– 525 Dollars per tonne, while it was between 495– 525 dollars …
In March 2024, Ukraine’s exports of semi-finished steel products to the EU increased by 10.7% M-o-M and by 78% Y-o-Y, to 110.8 thousand tons. The value of these exports increased by 12.7% month-on-month and 74% year-on-year to €58.94 million. In Q1 of 2024, Ukraine exported 291.6 thousand tons of semi-finished steel products to the EU, …
There is no excerpt because this is a protected post.
There is no excerpt because this is a protected post.
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 155.7 million tonnes (Mt) in April 2024, a 5.0% decrease compared to April 2023. Africa produced 1.8 Mt in April 2024, up 1.4% on April 2023. Asia and Oceania produced 114.8 Mt, down 5.8%. The EU (27) produced 11.3 …
World crude steel production decreased by 5% in April 2024 Read More »
Today, Sunday, in Algiers, the work of the Board of Directors of the Arab Iron and Steel Union was held, in its 128th regular session, to discuss ways to embody cooperation and integration in the fields of the iron and steel industry in the Arab world. It was done during the session. Which was chaired …
The Arab Iron and Steel Union held its Board of Directors meetings No. 128 and General Assembly No. 57 in the city of Algiers, the Republic of Algeria, at the Eurasian Hotel on May 19 and 20, at the kind invitation of the Metal and Steel Industries Complex “Imetal ”, in the presence of representatives …
Turkey witnessed a decline in scrap import prices due to sluggish demand for finished steel, leading to subdued buying activity in the scrap trade. Scrap import prices in Turkey were assessed at USD 380 per ton CFR, down from USD 385 per ton CFR last week. The dip in prices comes as Turkish steel mills …
Turkey : Scrap import prices decline amid slow finished steel demand Read More »
Fitch Ratings Agency expected steel, cement and aluminum production in China to recover, with an increase in construction activity from the second quarter of 2024, but indicated that the rise in steel and aluminum production would be greater, supported by better profit margins. The agency said that China’s crude steel production fell by 2% year-on-year …
Fitch expects China’s steel, cement and aluminum production to recover in Q2 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 35,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 39,500. Garhy Steel EGP 40,000, Misr Steel EGP 36,500, …
The financial indicators of the Iron and Steel Company for Mines and Quarries showed the first 9 months of the current fiscal year. The company’s profits increased by 16%, on an annual basis. The company explained in a statement to the Egyptian Stock Exchange. It recorded profits after taxes amounting to EGP 113.255 million in …
Egypt: Iron and steel mine profits rise to more than EGP 113 million within 9 months Read More »
In Algiers, three agreements and contracts were signed relating to mining and mining projects in Gara Jbeilat (Tindouf), Thala Hamza Oued Amizour (Bejaia) and Bechar, between national companies and international partners. The signing took place on the sidelines of a ceremony commemorating the 58th anniversary of the nationalization of mines and the 57th anniversary of …
A new contract with Danieli has been signed for the supply of a new, three-strand billet caster to be installed in the region of Babil, Iraq. The continuous casting machine will produce 500,000 tpy of rebar grades in a 130×130 mm section and feed in hot-charge mode the high-speed rebar mill also recently ordered from …
Iraq : Danieli to supply new billet caster to Iraq’s Muhaj Baghdad Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $382/ tonne, $3 down compared to last week’s prices. and iron ore prices $117/ tonne, unchanged from last week’s prices. While the prices of billets ranged between 505– 530 Dollars per tonne, while it was between 505– 530 dollars per tonne …
Emirates Steel Arkan announced its financial results for the Q1 2024, with revenues of AED 2.14 billion and EBITDA of AED 294 million. The Group’s positive performance in the first three months of the year demonstrates its resilience and efficiency amidst challenging market conditions. During the quarter, the Group’s performance was supported by a strong …
Emirates Steel Arkan reports AED 2.14 billion revenue in Q1 2024 Read More »
ArcelorMittal increased its steel production by 5.1% quarter-on-quarter – to 14.4 million tons in the first quarter of 2024. The figure decreased by 0.7% compared to the same period in 2023. This is stated in the quarterly report published on the company’s website. Iron ore production for the last quarter amounted to 10.2 million tons, …
ArcelorMittal’s production increased to 14.4 million tons of steel in Q1 of 2024. Read More »
In April 2024, Ukraine’s iron ore exports increased by 2% compared to the previous month, reaching 3.41 million tons. Compared to April 2023, exports increased twice. This is according to data from the government customs department. Ukraine’s revenues from iron ore exports last April amounted to $265.23 million, a decrease of 14.6% on a monthly …
Ukraine’s iron ore exports increased 2.3 times in January-April 2024 Read More »
In April this year, China’s finished steel exports amounted to 9.224 million mt, down 6.7% month on month, according to the latest data released by China’s General Administration of Customs (GACC). China’s finished steel exports in March this year had reached the highest level since July 2016, but this trend did not continue in April. …
China’s steel exports up 27% in January-April 2024 Read More »
Etihad Rail has concluded a partnership agreement with Oman Rail and Mubadala, to implement the Omani-UAE railway network project. The agreement was signed during the visit of Sultan Haitham bin Tariq, Sultan of Oman, to the UAE, where agreements were signed to award contracts for civil and construction works, award systems and integration contracts for …
Signing an agreement to implement the Emirati-Omani railway network project Read More »
The General Authority for Foreign Trade announced the start of an anti-dumping investigation against the Kingdom’s imports of a steel or stainless steel pipe product with longitudinally welded circular sections originating from or exported from the People’s Republic of China and Taiwan. The Authority said in a statement that the decision to begin the investigation …
The Ordinary General Assembly of the Iron and Steel Company for Mines and Quarries approved the company’s estimated budget for the next fiscal year 2024-2025. According to a company disclosure, the general assembly decided to amend the company’s estimated budget to target a surplus of 300 million pounds, provided that the quantity and value of …
Jordan Steel Company announced rebar prices for May 2024, an increase of between 20-35 dinars over last month’s prices. The prices for Grade 60 EXW, between 450 and 453 dinars per tonne, excluding sales tax. However, with sales tax, it is between 535 and about 540 dinars per tonne. Grade Price without tax Price …
Jordan Steel announces the prices of rebar for May 2024 Read More »
Demand for steel in India in fiscal year 2024/2025 (ending in March 2025) will grow by at least 8-10% compared to the previous fiscal year. This was stated by T.V. Narendran, Managing Director of Tata Steel, BusinessLine reports. He notes that India’s transformation into a net importer is temporary. India’s steel imports are mainly raw …
Steel demand in India is expected to increase by 8-10% in FY 2024/25 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 40,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 39,500. Garhy Steel EGP 40,000, Misr Steel EGP 37,300, …
In March this year, Turkey’s wire rod exports amounted to 136,650 metric tons, down by 5.5% compared to February and up by 319.1% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $84.48 million, decreasing by 6.9% compared to the previous …
Turkey’s wire rod exports increase by 172.3% in Q1 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $385/ tonne, $2 down compared to last week’s prices. and iron ore prices $117/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 505– 530 Dollars per tonne, while it was between 500– 530 dollars …
SMS group’s JCO® forming press enables precise forming of longitudinally seam-welded pipes. With advanced automation and control systems, the press ensures the production of diameters ranging from 16 to 64 inches and wall thicknesses exceeding 45 mm. This flexibility enables steel manufacturers to cater to diverse market demands while maintaining quality standards. Special sensors integrated …
Oil prices fell by 1% at the end of trading on Friday, May 3, 2024, amid fears of supply shortages with the possibility of OPEC+ continuing production cuts. It also recorded strong weekly losses. The two benchmarks (Brent and West Texas Intermediate) recorded their largest weekly losses in 3 months due to uncertainty about demand …
Oil prices drop 1% and record strong weekly losses Read More »
In March this year, Turkey’s rebar export volume increased by 8.8% year on year and decreased by 23.8% month on month to 227,559 metric tons, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these exports totaled $135.59 million, down 7.04% year on year and 24.3% month on month. In …
Turkish rebar exports up 8.9% in January-March 2024 Read More »
We received with great sadness the news of the passing away of one of the pioneers and founders of the modern steel industry in the world Mr. Gianpietro Benedetti – Chairman of Danieli Group On behalf of the steel family in the Arab countries, the Arab Iron and Steel Union shares the grief of the …
A Founder of the Modern Steel Industry Passes Away Read More »