Arab Steel Summit

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Gulf meeting discusses free trade agreements with international blocs

Trade ministers of the Gulf Cooperation Council state, during their 64th meeting held today in Muscat, Sultanate of Oman, will discuss several topics on the agenda. Most notably, the developments in the negotiations of free trade agreements with countries and international blocs, discussing the challenges of intra-trade between the GCC countries, the work of the

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Emirates Steel Arkan doubled its profits during the first quarter of 2023

Emirates Steel Arkan announced growth in its revenues and profits during the first quarter of 2023. Net profit amounted to 152.2 million dirhams, compared to 72.6 million dirhams for the same period in 2022, an increase of 110%. Several factors contributed to achieving the upbeat performance for the first quarter of 2023, including the increase

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Steel companies’ pollution rate in China decreased during the first quarter of 2023

According to data from the China Iron and Steel Association, the pollution rate caused by major steel companies in China decreased during the first quarter of 2023. Wastewater total amount discharged by primary steel companies decreased by 16.39 per cent year on year, and sulfur dioxide emissions lowered by 15.75 per cent during the period,

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Morocco’s steel production rose by 26% in 2022

Steel sector in Morocco managed to achieve strong results last year despite many challenges and the unfavourable global geopolitical situation due to the Russian-Ukrainian war, large fluctuations in prices and supply chains interruption. Steel industry benefited from the commercial activity recovery after controlling the Coronavirus pandemic and the increase in demand as of huge investments

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ArcelorMittal steel production increased by 9.8% in the first quarter of 2023

ArcelorMittal Steel production, one of the largest steel producers in the world, increased by 9.8% in the first quarter of 2023 compared to the fourth quarter of 2022, reaching 14.5 million tonnes, while it declined by 11% compared to the same period last year, according to the published quarterly report on the Company’s website. Steel

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Algeria : Minister of Industry, the necessity to adopt modern technologies in the iron and steel industry

On Thursday, the Minister of Industry and Pharmaceutical Production, Ali Aoun, stressed the need to control the modern iron and steel industry technologies and change management patterns in this field. During his work and inspection visit to his sector in Annaba province, accompanied by the Minister of Labour, Employment and Social Security, Faisal bin Taleb,

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Algeria tops the countries exporting rebar steel to the United States in March

According to preliminary statistics data issued by the US Department of Commerce, the total US rebar steel imports amounted to 76,844 tonnes in March 2023, a decrease of 38.8 per cent from February and a decrease of 47.8 per cent from March 2022 levels. By value, total rebar imports amounted to $53.6 million in March

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Establishing the first integrated steel plate manufacturing complex with a capacity of 1.5 million tonnes in Saudi Arabia

Saudi Arabia is heading to establish the most substantial integrated steel plate manufacturing Complex in Saudi Arabia, after Saudi Aramco, the global company in the field of energy and chemicals, and Baoshan Iron and Steel Co., Ltd. (Baosteel), the Chinese steel conglomerate, and the Public Investment Fund, announced Signing a shareholder agreement to implement the

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Egypt: 33.1 million EGP of iron and steel sales to mines during March

Iron and Steel Company for Mines and Quarries announced that it achieved total sales during March, amounting to 33.14 million EGP. In a statement to the Egyptian Stock Exchange today, the Company stated that Bahariya Oasis mines sales in March amounted to 33.1 million EGP. The Company added that Bani Khaled-Samalot quarries’ sales value amounted

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Algeria: Sider El Hadjar exports 10,000 tonnes of steel coils to Italy

Sider El Hadjar Company, affiliated to Sider Group, affiliated to Imetal Group, announced that the Company exported a shipment of first-quality steel coils estimated at 10,000 tonnes through Annaba port to Italy. It also previously announced an export of 380 tonnes of BBLC flat steel coils to Tunisia, and they were transported by land via

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World Steel Organization: Expectations for global steel demand growth of 2.2% in 2023

The World Steel Organization (worldsteel) has released its short-term outlook (SRO) for 2022 and 2023, in which the organization expects steel demand to grow by 0.4% in 2022 to reach 1,840.2 million tons after a 2.7% increase in 2021 In 2023, steel demand is expected to grow by 2.2% to reach 1,881.4 million tonnes. These

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The Minister of Labour and Rehabilitation visits the Libyan Iron and Steel Company

Board of Directors Chairman, “Dr Mohamed Abdul Malik El-Faqih”, received His Excellency the Minister of Labour and Rehabilitation, Engineer “Ali Al Abed Al-Reda” at the headquarters of the Libyan Iron and Steel Company, as part of the joint preparations for the celebration of Labour Day celebration, the first of May, which will be an official

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Türkiye’s steel imports declined by 24.8% during January-March 2023

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute, in March this year, the value of Türkiye iron and steel imports increased by 1.1% yearly, reaching $2.61 billion. In the given month, iron and steel ranked as the third most valuable product imported from the country. From January to March this

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Emirates Steel Arkan: We have not reached any agreement regarding any potential acquisition

Emirates Steel Arkan said it had not reached any agreement regarding any possible acquisition deal in response to press reports that circulated during the past 48 hours. It stated that the discussions related to the acquisition deal mentioned in the media are still in very early stages, stressing that it will announce any material information

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Türkiye’s steel exports declined by 49.3% during January-March 2023

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute, in March this year, Türkiye’s foreign trade deficit increased by 0.9% to $8.34 billion compared to March 2022. From January to March of this year, Türkiye’s foreign trade deficit increased 30.7% year-on-year to $34.69 billion. In March, Türkiye iron and steel exports

Türkiye’s steel exports declined by 49.3% during January-March 2023 Read More »