Dr Ahmed Samir Saleh, Minister of Trade and Industry, issued a decision to renew the ministry’s decision banning the export of some types of scrap, raw materials, and dashed paper, which bore No. 190 of 2022, which was issued on October 1, 2022, for six months, and ends next April. With this decision, the aforementioned …
Egypt extends the ban on exporting iron scrap until April 2024 Read More »
According to the prices of the global steel markets, the scrap price reached 453$/tonne, the iron ore price was 121$/tonne, the prices of billets ranged between 590 and 630$/tonne, and rebar prices ranged between 720 and 740$ / tonne.
According to preliminary data announced by the World Steel Association (worldsteel) about World crude steel production (63 countries) in February 2023 was 142.4 million tonnes (Mt) in February 2023, a 1.0% decrease compared to February 2022. Africa produced 1.1 million tonnes in February 2023, down 11.9% from February 2022, and Asia and Oceania produced 106.6 …
World’s crude steel production declined by 1.0% in February 2023 Read More »
The UAE continues to enact policies to protect the national industry by extending the restrictions on exporting scrap for another six months. The Ministry of Economy issued a directive continuing to ban the export of raw materials, under HS codes 720410, 720421, 720429, 720430, 720441, 720449, and 720450, as well as waste paper under 470710 …
UAE extends the ban on exporting iron scrap until September 2023 Read More »
In February this year, Japan’s crude steel production decreased by 4.3 per cent compared to the previous month and by 5.3 per cent compared to February 2022, totalling 6.91 million tons, according to data released by the Japan Iron and Steel Federation (JISF). Meanwhile, total iron ore production in Japan reached 4.98 million tonnes in …
Japan’s crude steel and iron ore production declined in January-February Read More »
Paulwurth and Midrex Technology will collaborate in the engineering, procurement and construction of the Midrex Flex Direct Reduction plant with a capacity of 2.5 million t/year for Thyssenkrupp Steel Europe, located in Duisburg, Germany. The plant will initially operate on reformed natural gas containing 50% or more hydrogen (H2) at the inlet of the furnace …
Midrex and Thyssenkrupp cooperate to reduce carbon dioxide emissions Read More »
Dr Mostafa Madbouly, Prime Minister, held, on Wednesday evening, a meeting with officials of the Chinese companies “TEDA” and “Xin Xing” to review a project for cast iron pipes production and a steel plant with investments amounting to $ 2 billion within the “TEDA Cooperation” area within the scope of the economics region of the …
In January this year, Turkey’s hot rolled steel coils (HRC) exports decreased by 66.5% year-on-year to reach 45,129 tonnes, down by 32.1% compared to December 2022, according to data from the Turkish Statistical Institute (TUIK). The revenue value from these exports amounted to $30.76 million, a decrease of 74.7% compared to the same month in …
Turkey’s hot rolled steel coils exports decreased by 66.5% in January Read More »
Final steel prices from January to February this year witnessed a slight upward trend amid the easing of Covid-19 measures and a slight improvement in demand from steel users, according to the China Iron and Steel Association (CISA). From January to February, China’s average daily crude steel production was 2.859 million tonnes, up by 13.8 …
China Iron and Steel Association: China’s steel prices rose in March Read More »
In February 2023, Germany’s crude steel production decreased by 6.9% compared to the same month in 2022 and increased by 2.3% compared to January 2023, reaching 2.994 million tonnes, according to WV Stahl, the German Steel Association. In February 2023, the volume of steel smelting from transformers reached 2.04 million tonnes, which is 4.9% less …
Germany’s steel production declined by 6.9% in February 2023 Read More »
According to the Turkish Statistical Institute data (TUIK), Turkish wire rod exports decreased by 21.6% this January compared to the same month last year to reach 45,989 tonnes, an increase of 45.7% compared to the previous month. These export revenues amounted to 32.15 million dollars, an increase of 47.9% compared to December 2022, and a …
Turkey’s wire rod exports decreased by 21.6% in January 2023 Read More »
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According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 36,000 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 32,135 Suez Steel 32,050 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 32,050 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 36,000 El …
The last update of rebar prices in Egypt is March 20, 2023 Read More »
According to the General Authority for Statistics, the average iron price per tonne in the Kingdom of Saudi Arabia in February 2023 ranged between 2943.91 – 4284.07 Saudi riyals, a decrease between -2.85% – 3.91% compared to January 2023, and a decline between-3.04% – 17.27% compared to February 2022. Average prices and monthly and annual …
Average rebar prices in the Kingdom of Saudi Arabia during February 2023 Read More »
Ezz Steel announced the prices of flat steel as of Monday, March 20, 2023 . 34,485 EGY/tonne EXW, including value-added tax. Statement including VAT Flat Steel 34,485
Vale, Brazil’s largest mining company, has produced many iron ore pellets without using coal, a significant step towards reducing carbon emissions. To produce pellets, coal is usually mixed with iron ore before being heated in furnaces. In a Vale pilot project conducted in February 2023 at a plant in Minas Gerais, the company replaced traditional …
The United States will extend anti-dumping duties on wire coil imports made of certain alloy steels from 10 countries. The aim of the investigation was that the import of these products from “Belarus, the Russian Federation, Ukraine, Italy, South Korea, South Africa, Spain, Turkey, the United Arab Emirates and the United Kingdom” affects the local …
The United States extends anti-dumping duties on wire coils from 10 countries Read More »
The industrial and mining Complex “Algeria Mines” (MANAL) achieved exports worth $216 million in 2022, registering an increase of 110% compared to exports in 2021, as confirmed by the CEO Mohamed Sakhr Harami. Mr Harami said, in his intervention on the occasion of a workshop on mineral resources in Algeria, that the exports of the …
Algeria Mines Complex exports increase by 110% in 2022 Read More »
Engineer Mahmoud Esmat, Minister of the Public Enterprises Sector, issued a decision appointing the geologist Mohamed Al-Shahat as Chairmain of the Delta Steel Company after a prosperous march made by Al-Shahat in El Nasr Glass and Crystal Company, where Al-Shahat was able during this short period to increase sales to El Nasr Company. Choosing Al-Shahat …
Mohamed Al-Shahat, Chairmain of the Delta Steel Company Read More »
Brazilian crude steel production reached 2.5 million tonnes in February, down by 9.1 per cent from January, according to Brazil's steel institute IABR. Domestic steel products sales decreased by 7.2 per cent to 1.5 million tonnes, while exports increased by 10 per cent to 1.1 million tonnes, whilst the apparent consumption of steel products in …
Crude steel production in Brazil declined by 9.1% in February Read More »
Shares of the global financial sector fell due to the failure of US banks by about ten per cent, and about five per cent for the emerging markets, according to the “MSC” index from 9 to 16 March. The aftershocks of the Silicon Valley Bank collapse, the first of the troubled US banks, led to …
Crisis tumbles the American banks and global shares fall by 10% Read More »
Stemming from its leading position in the iron and building materials industry, Emirates Steel Arkan hosted internal events to display the Group’s efforts in sustainability, safety, and innovation. More than 500 employees and contractors attended these events, with the participation of more than 20 companies that presented their sustainability initiatives, innovative solutions, and safety equipment. …
According to the prices of the global steel markets, the scrap price reached 460$/tonne, the iron ore price was 132$/tonne, the prices of billets ranged between 595 and 630$/tonne, and rebar prices ranged between 735 and 750$ / tonne.
Oil ended trading lower on Friday, giving up early gains that exceeded a dollar per barrel; concerns about the banking sector pushed the two benchmarks to record their most significant weekly losses in months. Brent crude futures fell $1.73, or 2.3%, to $72.97 a barrel at settlement, while US West Texas Intermediate crude lost $1.61, …
Oil is falling and incurring a large weekly loss, amid concerns about banks Read More »
Global scrap prices continued to rise in most regions of the world amid high activity in the Turkish market – one of the largest importers of scrap metal supported by the demand recovery for steel and increased production. HMS 1/2 scrap prices in the Turkish market increased, during March 6-13, 2023, by $8/t, or by …
Report: An increase in global iron scrap prices with an upward trend in demand in Turkey Read More »
Ferrous scrap markets have seen significant disruption in recent years, first as a result of the Covid pandemic, then major supplier Russia’s heavy export duty imposition, and finally the Ukraine war and its repercussions. Since demand from steelmakers recovered following the initial Covid shock in 2020, scrap prices have remained elevated, comfortably above the average …
From January to February 2023, steel firms’ output in China rose by 5.6% compared to the same period in 2022 to reach 168.7 million tonnes, according to data from China’s National Bureau of Statistics (NBS). According to the world steel organization “Worldsteel”, in January 2023, China produced 79.5 million tonnes of steel, which is 2.3% …
China’s steel production increased by 5.6% in January-February 2023 Read More »
Metal Expert invites market participants to the 12th MENA Billet & Flats Conference to be held in Istanbul, Turkey on May 29-30, 2023. AGENDA Turkey in focus: – competitiveness of steelmakers in Turkey amid rising energy expenses – prospects of domestic consumption recovery amid new political cycle and stimuli – EMEA as a major export outlet, but what about new directions? …
The Jordan Chamber of Industry, in agreement with the local steel factories, issued a guiding bulletin for the selling prices of locally manufactured reinforcing steel in the Kingdom. According to the bulletin, the selling price of a ton of rebar grade 60 from the factory land and loaded on the back of the car ranges …
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 34,700 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 29,285 Suez Steel 29,200 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 29,200 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 34,700 El …
The last update of rebar prices in Egypt is March 15, 2023 Read More »