Sulb Company in the Kingdom of Bahrain has commissioned the SMS Group to upgrade its 130-tonne capacity Electric Arc Furnace (EAF). The main motive for this project is to increase safety and enhance efficiency and productivity and this will lead to improved quality of products. Production is scheduled to start in 2024. The Bahrain Steel …
Sulb Company commissions SMS Group to modernize the Electric Arc Furnace Read More »
China Iron and Steel Association (CISA) announced that in early March (March 1-10) of this year, the average total daily raw steel production of large and medium-sized steel companies in China amounted to 2.1517 million tonnes, down by 3.08% compared to late (February 21-28) this year. In late February (21-28) this year, the average total …
China steel mills’ daily steel output fell 3.08% in early March Read More »
China is moving to allow all domestic companies to import Australian coal, signalling an end to trade restrictions imposed in late 2020. Ports and customs offices have been advised to allow goods shipments from Australia. Earlier this year, Chinese authorities have given four principal importers permission to resume purchases of Australian coal, with shipments beginning …
China removes all restrictions on coal imports from Australia Read More »
The prices of flat steel for Ezz Steel amounted to 31,635 EGY/tonne EXW, which are the same prices announced by the company on March 7, including value-added tax. Statement including VAT Flat Steel 31,635
SteelAsia Manufacturing Corp., the Philippines’ top steel producer, is equipping its steel mill in Calaca city, Batangas, with SMS group-developed Digital Solutions that will provide a more efficient way to boost output without increasing its carbon footprint. Latest combustion technology to increase plant output by 20 per cent Digital solutions to predict machine failures at …
Within the framework of the Arab Iron and Steel Union objectives, interest in human development and boosting the administrative, organizational and technological skills of engineers and technicians in the iron and steel field. AISU is training the second group of engineers and technicians at Sulb Company in the Kingdom of Bahrain through the training program …
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According to the latest figures from the US International Trade Commission, US iron scrap exports totalled 1,272,800 tonnes in January 2023, down by 15.4 per cent month-on-month and down 0.2 per cent year-on-year. Mexico was the largest importer of US iron scrap exports in January, with a volume of 320,960 tonnes, down by 3.2% month-on-month …
US iron scrap exports decreased by 15.4% in January Read More »
According to statistics from the French Ministry of Economy, Finance and Industry, in 2022, France’s import value of primary steel and ferroalloy products amounted to 13.08 billion euros, an increase of 27.3% year on year. France’s exports of primary steel and ferroalloy products amounted to 13.70 billion euros, an increase of 19.4% year-on-year. The value …
France’s steel products imports and exports rose in 2022 Read More »
Canada banned aluminium and steel imports from Russia, aiming at “cutting off or limiting revenues being used to fund the Russia-Ukraine war”. According to the latest government data, these imports represented nearly 250 million Canadian dollars (170 million euros) in 2021. This coincides with the entry into force of a 200% increase in tariffs on …
Emirates Steel Arkan signed the climate pledge for the real estate sector, which is affiliated with Aldar Company and the Ministry of Climate Change and Environment. The signing of the pledge came within the ninth meeting of the “National Dialogue on Climate Ambition” series of meetings, which was held under the slogan “Reducing Carbon Rates …
Emirates Steel Arkan signs the Climate Pledge for the real estate sector Read More »
According to the prices of the global steel markets, the scrap price reached 462$/tonne, the iron ore price was 130$/tonne, the prices of billets ranged between 605 and 650$/tonne, and rebar prices ranged between 750 and 770$ / tonne.
The activities of the training course in the field of steel industry technology organized by the Arab Iron and Steel Union at Sulb Company in the Kingdom of Bahrain for a group of technicians were concluded today. The program aims to provide participants with information related to the nature of melting furnaces, the proportions of …
Dubai Customs Department extended the work to raise the customs duties it imposed on reinforcing steel and steel coils from 5% to 10% until November 7, 2023. The department increased its customs duties on rebar steel and steel coils as of January 17, 2019, as it increased the percentage of fee tariffs from 5% to …
UAE extends raising customs duties on reinforcing steel by 10% instead of 5% Read More »
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 30,000 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 27,000 El …
The last update of rebar prices in Egypt is March 9, 2023 Read More »
China, the world’s largest iron ore consumer, imported iron ore in January-February of 2023, as buyers expected domestic steel demand to rise after the government lifted strict coronavirus containment measures. China imported 194 million tonnes of steelmaking components in January and February, an annual increase of 7.3 per cent, the highest ever for the two …
China’s iron ore imports increased by 7.3% in January-February 2023 Read More »
Most prominent steel producers in southern Turkey, which halted production after significant earthquakes that hit the region a month ago, have gradually resumed their activities. “All but one of the ten steel mills in the towns of Iskenderun and Osmaniye, which make up a third of Turkey’s steel production capacity, have resumed operations”, said Veysel …
Steel mills in Turkey resume work after the earthquakes Read More »
Arab Iron and Steel Union holds the sixth Economic Committee Meeting work in Dubai,United Arab Emirates, from 7-8 March, at the invitation of the Emirates Steel Arkan. Representatives of the following countries attended the Committee meeting, Algeria – Egypt -Kuwait – the United Arab Emirates – Saudi Arabia – Qatar – Bahrain – Tunisia – …
Arab Iron and Steel Union holds the Sixth Economic Committee meeting in the UAE Read More »
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Today, the training course activities started in the field of steel making technology, organized by the Arab Iron and Steel Union at Bahrain Steel. The program aims to provide the participants with information related to the smelting nature and the rates of materials and interactions that accompany smelting operations. The training course will address the …
Training course activities begin “Steel Making Technology” at Sulb Read More »
On February 20 this year, the total domestic inventory of the five major finished steel products in 21 principal cities in China reached 13.72 million tonnes, up by 1.0 million tonnes or 2.3 per cent compared with February 10, the China Iron and Steel Association (CISA) announced. In particular, as of February 20, domestic inventories …
China’s finished steel products stock rose 2.3% in mid-February Read More »
Based on Bureau data preliminary Census, the American Iron and Steel Institute (AISI) reports that in January 2023, the United States imported 2,607,000 tonnes (NT) of steel, up by 18.3% compared to December 2022 and down by 14.4% compared to January 2022, including 2,000,000 tonnes (NT) of finished steel products, up 7.3% compared to December …
US steel imports account for 24% of the market share Read More »
According to the prices of the global steel markets, the scrap price reached 452$/tonne, the iron ore price was 127$/tonne, the prices of billets ranged between 610 and 650$/tonne, and rebar prices ranged between 750 and 770$ / tonne.
Sulb in the Kingdom of Bahrain announced that it achieved the highest annual sales of steel products from the medium and heavy sectors, as its sales exceeded more than one million tonnes in 2022. Sulb was also able to register a new production record of 12.875 million tonnes, which is the highest in its history. …
Sulb achieved sales of more than one million tonnes of steel sectors in 2022 Read More »
Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI), commends the steel members of Congress who sent a support letter to President Joe Biden to maintain tariffs on foreign steel imports. “We are elated and grateful that so many members of Congress have stood up for the American steel industry and …
In January 2023, Ukraine’s pipe exports decreased by 58.6% compared to January 2021, reaching 20.78 thousand tonnes, a decrease of 18% compared to December 2022. In terms of value, pipe exports decreased by 46.5% annually to reach $41.64 million, a decrease of 9.2% compared to December 2022, according to data from the Government Customs Department. …
Ukraine exported 20.8 thousand tonnes of pipes in January 2023 Read More »
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2022 was a year of unprecedented challenges for the global steel markets, due to rising geopolitical tensions, and the slow-down of the China’s economy and steel demand. Global crude steel production in 2022 decreased by almost 4% from the record level reached in 2021, due to negative performances registered in Asia, Europe and North America. …
Oman and Etihad Rail Company, the developer and operator of the railway network linking the Sultanate of Oman and the UAE, and Mubadala Investment Company (Mubadala) signed a cooperation agreement to develop the railway network linking Oman and the UAE, which extends over a distance of 303 km, with a total investment value of $3 …
Accelerate the development of the railway network between the Emirates and Oman Read More »
The financial statements of Misr National Steel Company – Ataqa- revealed an increase in profits by 133.69% on an annual basis. The company stated to the Egyptian Stock Exchange today that it recorded a net profit of EGP 234.72 million in 2022, compared to earnings of EGP 100.44 million in 2021. The company’s sales rose …
Egypt National Steel profits rise by 133% in 2022 Read More »