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UK is reviewing tariffs and quotas for all types of steel for developing countries

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The UK’s Trade Remedies Authority (TRA) announced that it had expanded its tariff quota review (TQR) to all steel from more than 120 developing countries. The review, which covers the period from January 1, 2022, to December 31, 2022, addresses whether exceptions to imports from developing countries need to be revised for all types of …

UK is reviewing tariffs and quotas for all types of steel for developing countries Read More »

Turkey imports 2.52 million tonnes of pellets in 2022, and Oman leads the Arab countries

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In December of last year, Turkey’s import volume of billet slabs decreased by 2.0% compared to November 2022 to reach 266,540 tonnes, up 23.2% year on year, according to data from the Turkish Statistical Institute (TUIK). The total value of these imports amounted to $154.4 million, down by 1.8% monthly and up by 3.0% annually. …

Turkey imports 2.52 million tonnes of pellets in 2022, and Oman leads the Arab countries Read More »

Libyan Iron and Steel Company exports 8,000 tons of Hot Briquetted Iron (HBI) to Turkey

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The Libyan Iron and Steel Company continues its plan for the year 2023 by exporting 8,000 tonnes of Hot Briquetted Iron (HBI) – HBI to Turkey through the company’s port on board the tanker Michelle. A few days ago, the company announced the export of 17,500 tonnes of rebar to Albania, which is the first …

Libyan Iron and Steel Company exports 8,000 tons of Hot Briquetted Iron (HBI) to Turkey Read More »

Emirates Steel Arkan’s 2022 net profit increases to AED 508.5 million, buoyed by strong global sales

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Emirates Steel Arkan (ADX: EMSTEEL) (the “Group”), the largest publicly traded steel and building materials company in the UAE, today announced its net profit rose to AED 508.5 million in 2022, boosted by strong demand from international customers and the steps taken by the Group to enhance operational efficiencies following the merger of Emirates Steel …

Emirates Steel Arkan’s 2022 net profit increases to AED 508.5 million, buoyed by strong global sales Read More »

Newsletter 06-2023

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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 06-2023 Read More »

The last update of rebar prices in Egypt is February 13, 2023

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According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 25,200 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 13, 2023 Read More »

Ukraine’s steel production reached 284 thousand tonnes in January 2023

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In January of this year, Ukraine’s steel production decreased by 84.7% compared to January 2022, reaching 284 thousand tonnes. The country’s production of cast iron decreased by 84.6% compared to January 2022, reaching 240 thousand tonnes, and the production of rolled products decreased by 84.6 per cent compared to the same month of 2022 to …

Ukraine’s steel production reached 284 thousand tonnes in January 2023 Read More »

Manadjim El Djazair – Manal Spa announces a partnership request to develop and exploit marble mines

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MINISTRY OF ENERGY AND MINES MINING INDUSTRIAL GROUP – MANADJIM EL DJAZAIR – MANAL SPA 07 Rue Mohammed Tahar Semani, Hydra -Alger Tel: 023 49 06 61/62 Fax: 023 49 07 80 Email: [email protected] NOTICE OF OPEN CALL FOR NATIONAL AND INTERNATIONAL EXPRESSION OF INTEREST N° 001 /2023 Process in two (02) phases.   Subject: …

Manadjim El Djazair – Manal Spa announces a partnership request to develop and exploit marble mines Read More »

China’s daily steel production rose 2.61% in late January

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China Iron and Steel Association (CISA) announced that the average total daily raw steel production of large and medium-sized steel enterprises in China in mid-January (January 21-31) of this year totalled 1.9872 million tonnes, up 2.61% compared to mid-January (January 11-20) this year. In mid-January this year, the average total daily raw steel production of …

China’s daily steel production rose 2.61% in late January Read More »

Manadjim El Djazair – Manal Spa announces a partnership request to develop and exploit gold mines

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MINISTRY OF ENERGY AND MINES MINING INDUSTRIAL GROUP – MANADJIM EL DJAZAIR – MANAL SPA 127 Bd Colonel Krim Belkacem Telemly- Algiers Tel: (021) 74.68.33 & (021) 74.16.07 Fax: (021) 71.49.06 Email: [email protected] NOTICE OF OPEN CALL FOR NATIONAL AND INTERNATIONAL EXPRESSION OF INTEREST N° 002 /2023 Process in two (02) phases   Subject: Search …

Manadjim El Djazair – Manal Spa announces a partnership request to develop and exploit gold mines Read More »

Qatar Steel achieved a profit of 888 million Qatari riyals in 2022

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Qatar Steel achieved a net profit of QR 888 million in 2022, an increase of 24% compared to last year. The profit improvement was mainly driven by higher revenues, which increased by 10% compared to 2021. In addition, Foulath Holding Company, an associate company that mainly produces and sells iron oxide pellets, reported commendable financial …

Qatar Steel achieved a profit of 888 million Qatari riyals in 2022 Read More »

Steel prices in the second week of February 2023

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According to the prices of the global steel markets, the scrap price reached 427$/tonne, the iron ore price was 125$/tonne, the prices of billets ranged between 540 and 595$/tonne, and rebar prices ranged between 710 and 710$ / tonne.

China’s steel companies aim to increase production after the Chinese New Year holidays

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China’s steelmakers aim for an excellent start to the New Year, although some companies have faced lower profitability due to higher raw material prices and lower finished product steel prices. As well as carrying out repairs to a few factories as part of the annual plans. S&P Global reports that blast furnaces are operating as …

China’s steel companies aim to increase production after the Chinese New Year holidays Read More »

Qatar Steel received its Earthna Qatar Sustainable Construction Materials Certification overseen by CARES

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Qatar Steel Company has successfully received Qatar Sustainable Construction Materials Certification (Qatar Sustainability Label – Certificate of Registration (CoR)) with a “Good” rating from CARES and Earthna (Member of Qatar Foundation) after the desktop review audit by fulfilling the certification scheme requirements. Qatar Steel is the first approved company in its sector to achieve this …

Qatar Steel received its Earthna Qatar Sustainable Construction Materials Certification overseen by CARES Read More »

Algerian Qatari Steel obtains the British “UK CARES” certificate

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Within the framework of the Algerian-Qatari Steel Company efforts to ensure its commitment to the highest quality and reliability standards. AQS has obtained a certificate of conformity for reinforcing steel products and iron wire coils from the British authority “UK CARES” for the approval of steel products across the world after the British Authority completed …

Algerian Qatari Steel obtains the British “UK CARES” certificate Read More »

Condolences

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The General Secretariat of the Arab Iron and Steel Union extends its deepest condolences and sincere sympathy to the Syrian and Turkish people and the families of the earthquake victims that struck the countries, claiming the lives of many injured and missing people and leaving inordinate destruction. Asking the Almighty Allah to inspire their families …

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Tata Steel reports losses in the third quarter of the 2022-23 fiscal year

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India’s Tata Steel reported a consolidated net loss of INR 22.240 billion ($268.92 million) in the third quarter (Oct-Dec) of the 2022-23 financial year, compared to a consolidated net profit of INR 95.72 billion ($1.15 billion) in the corresponding quarter from the previous fiscal year, according to the company statement on Tuesday, February 7th. The …

Tata Steel reports losses in the third quarter of the 2022-23 fiscal year Read More »

Libyan Iron and Steel Company exports 17,500 tonnes of rebar to Albania

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The Libyan Iron and Steel Company continues to expand its presence in the global market by announcing the export of 17,500 tonnes of rebar to Albania on “Lady Divina”. It is the first of the shipments that the company announced earlier, as it announced an agreement between the company’s external marketing department and several foreign …

Libyan Iron and Steel Company exports 17,500 tonnes of rebar to Albania Read More »

Newsletter 05-2023

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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 05-2023 Read More »

Algeria tops the countries exporting rebar to the United States in December

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According to preliminary statistics data released by the US Department of Commerce, the total US rebar imports reached 63,030 tonnes in December 2022, up by 10% from November and up by 5.4% from December 2021. In terms of value, total reinforcing steel imports amounted to $52.6 million in December 2022, compared to $49.8 million in …

Algeria tops the countries exporting rebar to the United States in December Read More »

Egypt: Developing El-Nasr for forgings production lines to provide railway equipment

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On Saturday, Engineer Mahmoud Esmat, Minister of the Public Enterprises Sector, made a surprise visit to El-Nasr Company for Forging Industry, affiliated with the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector. During the visit, the minister followed up on the work progress within the company, the …

Egypt: Developing El-Nasr for forgings production lines to provide railway equipment Read More »

Steel prices in the first week of February 2023

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According to the prices of the global steel markets, the scrap price reached 430$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 543 and 600$/tonne, and rebar prices ranged between 715 and 720$ / tonne.

UAE: 5,000 off-plan properties were sold in Dubai in January, with a growth of 90%

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The latest data issued by Property Finder revealed significant numbers achieved by the real estate market, which is witnessing a steady boom in Dubai. According to this data, the transactions for January 2023 increased by 128.5% annually after several sales transactions exceeded 9,800, compared to 5,739 in January 2022. The value of transactions recorded a …

UAE: 5,000 off-plan properties were sold in Dubai in January, with a growth of 90% Read More »

SMS group supplies Korean company YK Steel with a factory for rebar production with diameters of 10mm-35mm

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Korea’s YK Steel has commissioned SMS group to supply it with a new integrated small smelting and rolling mill plant, including all electrical and technical systems, instead of relocating and upgrading an existing plant, initially planned for the end of 2021. This means that it will take advantage of the latest technologies being delivered and …

SMS group supplies Korean company YK Steel with a factory for rebar production with diameters of 10mm-35mm Read More »

Green Alliance: British Steel and Tata Steel should switch to electric furnaces to get support from the state

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The UK’s Green Alliance believes that British Steel and Tata Steel, the UK’s two largest steelmakers, should shift half of their production to electric arc furnaces (EAF) to receive state subsidies. Analysts have urged the government to include a green transition clause in the £600m support package for steelmakers. In their view, any new financing …

Green Alliance: British Steel and Tata Steel should switch to electric furnaces to get support from the state Read More »

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