In 2022, among 41 industrial sectors in China, 21 saw a year-on-year rise in gross profit, while 19 saw a decline, and one sector turned from a loss into a profit, as announced by China’s National Bureau of Statistics (NBS) on January 31. In 2022, the ferrous metal smelting and rolling sector reported a total …
Chinese steel companies’ profits decline by 91.3% in 2022 Read More »
Indonesia applied for consultations on anti-dumping and tariffs on stainless steel products to the World Trade Organization last week. A representative of the country’s Ministry of Commerce said anti-dumping duties imposed by the European Union on stainless steel from Indonesia had severely reduced exports. The EU imposed anti-dumping duties of 21% on stainless steel cold-rolled …
SteelOrbis is excited to announce that the first gathering of SteelOrbis and IREPAS in 2023 will be held at the InterContinental Barcelona on May 7-9. While gathering its members and participants together at the world’s number one event for long steel products and creating unique networking opportunities, the SteelOrbis and IREPAS Conference will also offer …
SteelOrbis Spring 2023 Conference & 88th IREPAS Meeting Read More »
Ezz Steel announced the prices of flat steel as of Wednesday, February 1, 2023 . 29,335 EGY/tonne EXW, including value-added tax. Statement including VAT Flat Steel 29,335
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 26,000 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 26,700 El …
According to the provisional foreign trade statistics and the Turkish Statistical Institute (TUIK), Turkey’s foreign trade deficit in December last year increased by 42.0% to $9.70 billion compared to December 2021. In December, Turkey’s iron and steel exports ranked ninth among the country’s products with the highest export value, with total exports reaching $800.09 million, …
Turkey’s steel exports decreased by 14.3% in 2022 Read More »
According to the preliminary data announced by the World Steel Association on world production (64 countries) during December 2022, crude steel production amounted to 140.7 million tonnes, a decrease of -10.8% compared to December 2021 production. Africa produced 1.1 million tons in December 2022, down by -8.9% from December 2021. Asia and Oceania produced 104.9 …
World’s crude steel production declined by 4.3% and Egypt leads the Arab countries. Read More »
In 2022, steel exports decreased by 17.7% year-on-year to 19.6 million tonnes, and production decreased by 12.9% year-on-year to 35.1 million tonnes. In the first six months of 2022, Turkey’s steel exports showed an upward trend. However, at the end of last year, it fell due to the impact of the war in Ukraine, inflation, …
Turkey’s steel exports decrease by 17.7% in 2022 Read More »
Abdurrahman Al Numari The stability of energy markets, their sustainability, and the safety of their arteries are the eye of development, the basis of growth and the beating heart of civilization. In no way can countries and societies, facing scarcity in energy or supply disruptions be stable. In the last decade, the world witnessed many …
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For the second year in a row, the rate of steel consumption in China decreased, reaching 914 million tonnes in 2022, a decline of 3.3% compared to 2021, equivalent to 31 million tonnes, and by 8.3% compared to 2020, equivalent to 83 million tonnes. In 2022, China’s crude steel production decreased by 2.2% compared to …
China’s steel consumption decreased for the second year in a row Read More »
The financial indicators of the Iron and Steel Company for Mines and Quarries revealed, for the first half of the current fiscal year, an increase in the company’s profits by 408.4% on an annual basis. The Company stated to the Egyptian Stock Exchange on Sunday, 29 January 2023, that it recorded a net profit of …
Egypt: Iron and steel mines annual profits quadruple Read More »
According to the prices of the global steel markets, the scrap price reached 418$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 540 and 600$/tonne, and rebar prices ranged between 690 and 700$ / tonne.
Industrial data showed that major steel mills in China saw their average daily crude steel production grow by 0.51% in early January compared to the rate recorded in late December 2022. Daily crude steel production reached 1.93 million tonnes in early January, according to the China Iron and Steel Association. The data showed that the …
China’s daily crude steel production rose in early January Read More »
Dubai Customs institution has extended the application of customs duties on reinforcing steel and wire coils imports by 10% until November 7, 2023. The decision came in addition to Customs Declaration No. 10/2022, and based on the letter of the Federal Authority for Identity and Nationality, Customs and Ports Security dated January 16, 2023, which …
The UAE extends duties on reinforcing steel imports until November 7, 2023 Read More »
After several years of imposing protective duties on HR flat steel imports, the Moroccan government intends to conduct an investigation aimed at maintaining the imposition of duties. Ministry of Industry and Trade announced the start of an investigation into extending the preventive measures imposed on flat steel products imports from January 26, 2023, according to …
Morocco begins an investigation into a protection duty extension on flat steel imports Read More »
Libyan Iron and Steel Company announces iron prices, starting from January 29, 2023 The Libyan Iron and Steel Company announced the company products’ prices starting from January 29. Reinforcing steel prices of all its kinds ranged between 3300 – 3600 Libyan dinars “wholesale and retail”. Wires are between 3680 – 4020 Libyan dinars. Flat products’ …
Libyan Iron and Steel Company announces iron prices, starting from January 29, 2023 Read More »
The Libyan Iron and Steel Company announced the start of exporting 10,000 tonnes of hot-briquette iron (HBI) from the company’s port. The company indicated that the export operations would take over successively, bringing the shipped quantity to 64,000 tonnes during the coming period. At the same time, according to the General Manager of Marketing, Eng. …
Libyan Iron and Steel Company exports 10,000 tonnes of hot ductile iron (HBI) Read More »
The Dubai Chamber of Commerce announced the launch of four new business groups as part of its plans to increase the number of business groups representing economic sectors and activities in the Emirate of Dubai to 100 businesses groups by March 2023, bringing the total number of business groups operating under the umbrella of the …
UAE: Dubai supports the steel and metal trade sectors Read More »
During its weekly meeting chaired by the Prime Minister, Mr Ayman Ben Abderrahman, the government studied a draft executive decree that includes the allocation of a plot of land belonging to the forest of national property in the wilaya of Souk Ahras destined for the realization of an electric centre within the framework of the …
Phosphate complex in Algeria: Land plot allocation for an electrical centre realization Read More »
In November last year, Turkey’s total exports of hot-rolled (HRC) steel flats decreased by 34.8% to 71,116 tonnes compared to October and decreased by 54.0% year-on-year, according to the Turkish Statistical Institute (TUIK).
The Arab-Brazilian Chamber of Commerce announced that Brazilian exports to the Arab world achieved the highest record revenues since 1989, amounting to $17.74 billion in 2022, while the value of Brazilian imports from Arab countries amounted to $15.03 billion. The value of Brazilian exports to Saudi Arabia increased from $2.07 billion in 2021 to $2.92 …
Brazil’s iron ore exports will be $2.9 billion to Arab countries in 2022 Read More »
Dr. Mahmoud Mohieldin Perhaps I spent the last days of last year, and the first days of this year following what was reported by the media with astonishingly about the conditions of the global economy, and how it is exposed to various, multiple and continuous crises, which did not leave a source or a dimension …
Novelties in the world economy and the middle trap Read More »
Abu Dhabi Ports Group has signed a preliminary agreement with Tosyali, one of the largest private sector steel producers in Turkey, which has extensive operations on three continents. The agreement stipulates setting a framework for the group’s cooperation with Tosyali in a wide range of services that include shipping, logistics, ports and freight forwarder services, …
Abu Dhabi Ports cooperates with Tosyali in shipping and logistics services Read More »
In November last year, Turkey’s imports of hot-rolled (HRC) steel flats decreased by 61.6% year-on-year to 161,977 tonnes, down 30.0% compared to October. Revenues from these imports amounted to $111.19 million, declining by 25.2% monthly and 71.6% compared to the same month in 2021. From January to November, Turkey’s imports of hot-rolled steel (HRC) flats …
Turkey’s HRC flats imports decreased by 20.8% in the period January-November 2022 Read More »
Japan’s crude steel production, the world’s third-largest producer, fell 7.4% in 2022 from a year earlier due to a slow recovery in auto production and weak export demand amid a slowdown in the global economy. Figures from the Japan Iron and Steel Association showed production fell for the first time in two years to 89.23 …
Japan’s crude steel production drops 7.4% in 2022 due to slower auto production Read More »
The German SMS group announced that the Taigang Stainless Steel Company – Tisco has succeeded in producing the first plate of the new heavy plate production unit, which is the strongest hot rolling unit of its kind provided by the SMS group. The new unit is designed with an annual production capacity of 700,000 tonnes …
Tisco cooperates with SMS group to expand its stainless steel products Read More »
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 26,500 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 27,000 El …
The last update of rebar prices in Egypt January 24, 2023 Read More »
The Libyan Iron and Steel Company announced the results of its production and sales operations during 2022, and according to the official report from the company, it achieved production of hot-rolled iron (HBI) amounting to 476.2 thousand tonnes, or 95.2% of the target in 2022, an increase of 62.5% over the production of 2021.
