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
Egypt: Ezz Steel announces the prices of rebar and flat steel for June Read More »
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
Steel prices in the first week of June 2024 Read More »
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.
Global DRI output down 12.6% in April 2024 Read More »
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
Rebar prices fell in the UAE Read More »
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).
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
Steel prices in the fourth week of May 2024 Read More »
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,
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Protected: Report of the Eighth Economic Committee – March 2024 Read More »
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Protected: Secretary-General Report – May 2024 Read More »
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,
Rebar prices in Egypt May 14, 2024 Read More »
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
Steel prices in the second week of May 2024 Read More »