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2023 Year Between the Economic Recession and the Limited growth of the steel industry

Editorial / By

Expectations about the state of the global economy in 2023 varied between slowdown and stagnation, but everyone agreed that 2023 will be a difficult year as a result of the slowdown in the main economies, namely the United States, the European Union and China, and the International Monetary Fund reduced its forecast for the global …

2023 Year Between the Economic Recession and the Limited growth of the steel industry Read More »

Newsletter 08-2023

PDF News / By

Download PDF newsletter &nbsp . . . You do not have permission to access the content If you have a valid account on the site, Login | or Signup Username Password Login Types of packages Free Users Site Member AISU Members Members Members 🟢 🟢 🟢 News North Africa News 🟢 🟢 🟢 Gulf Area …

Newsletter 08-2023 Read More »

The last update of rebar prices in Egypt is February 27, 2023

News / By

According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 25,800 pounds – 28,500 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 26,985 Suez Steel 26,850 Beshay Steel 28,500 El-Marakiby Steel 27,000 Egyptian Steel 26,850 Ashry Steel 26,500 Garhy Steel 27,000 Misr Steel 26,000 El …

The last update of rebar prices in Egypt is February 27, 2023 Read More »

Turkey’s steel exports and imports decreased in January 2023

News / By

According to the provisional foreign trade statistics, Turkey’s foreign trade deficit in January this year increased by 38.4% to $14.24 billion compared to January 2022. In January, Turkey’s iron and steel exports ranked tenth among the country’s products with the highest export value, totalling $661.40 million, a decrease of 45.0% year-on-year. Turkey’s imports of iron …

Turkey’s steel exports and imports decreased in January 2023 Read More »

North China’s steelmaking centre orders measures to cut air pollution

News / By

According to Bloomberg News, a statement on the local government website said a so-called ” emergency response level two ” is when Tangshan City, 150 kilometres (93 miles) east of Beijing, expects moderate and severe air pollution. The statement added that industrial producers must follow relevant guidelines to reduce emissions. Companies with an “A” classification, …

North China’s steelmaking centre orders measures to cut air pollution Read More »

Egypt: 16.34 million pounds of iron and steel sales to mines during January 2023

News / By

Iron and Steel Company for Mines and Quarries announced that it achieved total sales during January, which amounted to EGP 16.34M. The Company stated, to the Egyptian Stock Exchange, that the sales of Bahariya Oasis mines amounted to EGP 16.29M in January. It added that the sales value of Bani Khalid – Samalout Quarries amounted to …

Egypt: 16.34 million pounds of iron and steel sales to mines during January 2023 Read More »

Danieli supplies Unitex Steel in Bangladesh with a green steel plant with a 1 million tonne per annum capacity

News / By

The Italian company Danieli announced that it would supply the Bangladesh-based Unitex Steel plant with a green steel plant. The supply includes auxiliary stations for steam and water treatment as well as the latest electrical and control systems. The plant will operate on a highly efficient 100-tonne Digimelter featuring a Q-One digital feeder, continuous scrap …

Danieli supplies Unitex Steel in Bangladesh with a green steel plant with a 1 million tonne per annum capacity Read More »

Australia continues to impose dumping duties on rebar from four countries

News / By

The Australian Anti-Dumping Commission announced that it had completed an investigation, which began on 28 March 2022, into whether the imposition of anti-dumping duties on rebar imports from Greece, Spain, Indonesia, Taiwan and Thailand was justified. Accordingly, the committee decided to continue anti-dumping duties on rebar from the concerned countries except for Thailand, which will …

Australia continues to impose dumping duties on rebar from four countries Read More »

Morocco imposes duties of 21%-61% on galvanized steel wire from Turkey

News / By

The Moroccan Ministry of Industry and Trade issued a final decision imposing dumping duties on imports of galvanized wire from Turkey with a thickness of 0.85 mm based on a request dated January 26, 2022, from Somatref, Sicoterm, Galvafil, and Sodefer on behalf of the galvanized wire producers, and the investigation was closed on February …

Morocco imposes duties of 21%-61% on galvanized steel wire from Turkey Read More »

Morgan Stanley raises its oil demand growth estimates by 36% in 2023

News / By

Morgan Stanley raised its estimates for the growth of global oil demand this year by about 36%, based on the increasing momentum as a result of China’s lifting of restrictions related to the Covid-19 pandemic and the recovery of the aviation sector, but indicated that an increase in supply from Russia would offset that momentum. …

Morgan Stanley raises its oil demand growth estimates by 36% in 2023 Read More »

Ukraine’s semi-finished steel products exports declined by 49% in January 2023

News / By

In January 2023, Ukraine’s exports of semi-finished products decreased by 49% compared to December 2022, reaching 38.34 thousand tonnes, a decrease of 92.1% compared to January 2022. In terms of value, exports decreased by 52.3% monthly, reaching 20.897 million and 93% compared to January 2022, according to data from the Government Customs Department. The leading …

Ukraine’s semi-finished steel products exports declined by 49% in January 2023 Read More »

World’s crude steel production declined by 3.3% in January 2023

News, steel Statistics / By

According to the preliminary data announced by the World Steel Federation on world production (64 countries) during January 2023, crude steel production amounted to 145.3 million tonnes, a decrease of -3.3% compared to January 2022 production. Africa produced 1.2 million tonnes of crude steel in January 2023, down by -4.9% from January 2022 and Asia …

World’s crude steel production declined by 3.3% in January 2023 Read More »

ArcelorMittal plans to restart blast furnace N° 2 at its factory in France in April 2023

News / By

ArcelorMittal, one of the world’s largest steel producers, plans to restart blast furnace N° 2 at its plant in Fos-sur-Mer, France, in April 2023. The company stopped one of the melting furnaces of the French factory in December 2022 due to high electricity costs, high volume of imports of steel products into the European Union, …

ArcelorMittal plans to restart blast furnace N° 2 at its factory in France in April 2023 Read More »

European Union abolishes anti-dumping duties on flat steel imports from Ukraine

News / By

The European Commission (EC) has abolished anti-dumping duties on hot-rolled flat steel exports from Ukraine. After the European Steel Union (EUROFER) requested in this regard as the EU industry is unlikely to be affected by these imports, given the current state of the Ukrainian steel industry. The set of anti-dumping tariffs on hot-rolled flat steel …

European Union abolishes anti-dumping duties on flat steel imports from Ukraine Read More »

Newsletter 07-2023

PDF News / By

Download PDF newsletter &nbsp . . . You do not have permission to access the content If you have a valid account on the site, Login | or Signup Username Password Login Types of packages Free Users Site Member AISU Members Members Members 🟢 🟢 🟢 News North Africa News 🟢 🟢 🟢 Gulf Area …

Newsletter 07-2023 Read More »

The last update of rebar prices in Egypt is February 20, 2023

News / By

According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 24,600 pounds – 28,500 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 26,985 Suez Steel 26,850 Beshay Steel 28,500 El-Marakiby Steel 27,000 Egyptian Steel 26,850 Ashry Steel 26,500 Garhy Steel 27,000 Misr Steel 26,000 El …

The last update of rebar prices in Egypt is February 20, 2023 Read More »

Report: China’s steel industry is seeing an upward trend in 2023

News, Public Reports / By

Thanks to pent-up demand after the easing of quarantine and efforts to contain prices and stabilize supplies, China’s steel industry will have an upward trend in 2023. This was discussed at the China Iron and Steel Association (CISA) conference. The positive outlook for steel producers is based on the prospects’ improvement in steel-consuming industries such …

Report: China’s steel industry is seeing an upward trend in 2023 Read More »

Turkey’s flat steel exports declined for the first time since 2016, and Egypt leads the Arab countries

News / By

Turkey’s flat steel exports fell below 2 million tonnes for the first time since 2016 despite a significant expansion of cooperation with North African and Middle Eastern countries. Turkey’s flat steel (sheets and coils) exports amounted to about 1.77 million tonnes, down 31.4% year-on-year, according to the Turkish Statistical Institute (TUIK). Meanwhile, Turkey boosted its …

Turkey’s flat steel exports declined for the first time since 2016, and Egypt leads the Arab countries Read More »

Steel prices in the third week of February 2023

News / By

According to the prices of the global steel markets, the scrap price reached 422$/tonne, the iron ore price was 127$/tonne, the prices of billets ranged between 564 and 610$/tonne, and rebar prices ranged between 710 and 710$ / tonne.

Saudi Arabia launches the New Square Company to develop “Downtown” in Riyadh

News / By

Saudi Crown Prince Mohammed bin Salman Al Saud announced the launch of the New Square Development Company to develop the world’s largest modern downtown in the city of Riyadh, in line with the goals of Saudi Vision 2030. The project includes an innovative museum, a university specializing in technology and design, an integrated multi-use theatre, …

Saudi Arabia launches the New Square Company to develop “Downtown” in Riyadh Read More »

The German steel industry needs state support for its green transition

News / By

In its report last week, the Scientific Advisory Board of the Federal Ministry for Economics and Climate Protection (BMWK) recommended increased attention to green markets. On the other hand, the document criticized climate protection agreements. “Restricting climate protection agreements to individual pilot projects, as suggested by the advisory board, would be counterproductive”, said Martin Theuringer, …

The German steel industry needs state support for its green transition Read More »

Average rebar prices in the Kingdom of Saudi Arabia during January

News / By

According to the General Authority for Statistics, the average iron price per tonne in the Kingdom of Saudi Arabia in January 2023 ranged between 3063.65 – 4284.07 Saudi riyals, a decrease between -0.26% – 1.65% compared to December 2022, and a decline between -0.4% – 12.38% compared to January 2022. Average prices and monthly and …

Average rebar prices in the Kingdom of Saudi Arabia during January Read More »

Developing a green hydrogen and ammonia production project in the UAE

News / By

The UAE has developed a strategic plan to produce green hydrogen based on renewable energy projects, as part of its plan to acquire a future fuel export market share. In this context, Brooge Energy and Siemens Energy signed a memorandum of understanding to develop a green hydrogen and ammonia project based on solar energy. The …

Developing a green hydrogen and ammonia production project in the UAE Read More »

ArcelorMittal raises flat steel prices to 820 EUR/tonne

News / By

ArcelorMittal, Europe’s largest steel producer, raised prices for hot-rolled coil (HRC) to 820 EUR/t and galvanized (HDG) flats to 940 EUR/t. The new offers are €40/t higher than the company’s latest official offers of €780/t for hot-rolled coil (HRC)  and €900/t for  (HDG) galvanized flats. The new offers come after some buyers were accepted last …

ArcelorMittal raises flat steel prices to 820 EUR/tonne Read More »

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