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Data from the National Bureau of Statistics showed that China’s crude steel production in 2022 decreased by 2.1%, or 21.73 million tonnes, compared to 2021, to reach 1.013 billion tonnes in the second consecutive annual decline. Some sources said that China would continue to reduce steel production in 2023, which will provide support to steel …
China’s crude steel production declined in 2022 for the second year in a row Read More »
According to the prices of the global steel markets, the scrap price reached 405$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 535 and 595$/tonne, and rebar prices ranged between 690 and 710$ / tonne.
In 2022, iron ore production reached 1.6 million tonnes and steel -1.2 million tonnes. In 2022, ArcelorMittal production of rolled products decreased by 76.1% compared to 2021, reaching 1.1 million tonnes, or 22.8% of the company’s business plan for the production of steel products. Cast iron production decreased by 70% compared to 2021, reaching 1.6 …
ArcelorMittal achieves 20-25% of production capacity in 2022 Read More »
On Saturday, January 21, 2023, the Algerian-Qatari Steel Company will start transporting iron ore through the port of Djen Djen, after the success of all the technical trials of the railway linking the company to the port of Djen Djen at a distance of 50 km. The process will witness the programming of two trains …
Algerian Qatari Steel Company begins transporting iron ore by rail Read More »
Russian Central Bank announced setting the official rates of the ruble against nine other foreign currencies, including the Egyptian pound, the UAE dirham, the Qatari riyal, the Thai baht, the Vietnamese dong, the Serbian dinar, the New Zealand dollar, the Georgian lari, and the Indonesian rupiah. The new decision will allow Egypt and Russia to …
In 2022, the share of steel exports in Turkey’s total exports is 13.9% with a value of $35.4 billion. In particular, the share of ferrous and non-ferrous metals in total exports was 6.3%, and the steel sector was 9.3%. Overall, the country’s exports in monetary terms rose by 12.9% year-on-year – to $254.2 billion last …
The value of steel exports is 14% of Turkey’s total exports in 2022 Read More »
According to the General Authority for Statistics, the average price of a ton of iron in the Kingdom of Saudi Arabia in December ranged between 3368.63 – 4282.66 Saudi riyals, with up and down between -3.14% – 0.71% compared to November 2022, and a decrease between -10.34% – 0.29% compared to December 2021. Average Prices …
Average price of rebar in the Kingdom of Saudi Arabia Read More »
Rebar prices in Egypt recorded an increase between 900 and 1700 EGP as a result of the rise in dollar prices in the local market, as rebar prices are affected by the prices of imported raw materials. rebar prices vary from one region to another, according to the cost of transportation and the profit margin …
last update of rebar prices in Egypt January 19, 2023 Read More »
Iron ore exports by Ukrainian mining companies decreased by 45.9% in 2022 compared to 2021 to reach 23.98 million tonnes. In terms of value, the export for 2022 fell by 57.8% to $2.91 billion. Most of Ukraine’s iron ore exports were imported by Slovakia, 19.23%. The Czech Republic came in second place, with 17.32% and …
Ukraine’s iron ore exports decline by 45.9% in 2022 Read More »
The EU Environment Committee has adopted revised rules for the Waste Shipping Regulations to promote the EU’s circular economy, resource efficiency, and zero pollution goals. Whereas MEPs voted in favour of the position of the Committee on Environment, Public Health and Food Safety (ENVI), which was adopted in December 2022. It will become the basis …
EUROFER welcomes the new rules for the export of scrap from the European Union Read More »
With the beginning of January 2023, reinforcing steel prices in the UAE increased by 5.3% to reach 2,380 dirhams per tonne, compared to 2,260 dirhams per tonne at the end of 2022. Reinforcing steel prices increased by 1.6% during December and November to reach 2,260 dirhams per tonne, compared to October, which settled at 2,222 …
UAE: Reinforcing steel prices increased by 5.3% in January 2023 Read More »
The Minister of Sports of Ivory Coast, Mr Paulin Claude Danho, visited Sider El Hadjar, accompanied by a delegation of Ivorian media, to cover the visit. The President and General Manager of Sider El Hadjar, Mr Lotfi Kamel Mana, and the President, General Manager of Sider Complex, Mr Lakhdar Aouchiche, the management staff of the …
The visit of the Minister of Sport of Ivory Coast to Sider El Hadjar Read More »
Egypt’s iron and steel exports recorded about $1.302 billion from January to November 2022, compared to $1.672 billion during the same period of the previous year, a decline of 20%. The report issued by the Export Council for Building Materials, Refractories and Metallurgical Industries revealed that Spain ranked first in the import of iron and …
Egypt’s iron and steel exports amounted to $1.3 billion from January to November 2022 Read More »
According to export data from the US Department of Commerce, US exports of cold-rolled flat steel totalled 37,099 tonnes in November 2022, down 24.1% from October and 29.5% from November 2021. In terms of value, cold-rolled flat exports totalled $47.0 million in November, compared to $65.4 million in the previous month and $62.9 million in …
US exports of flat steel decreased by 24.1% in November 2022 Read More »
The Jordan Chamber of Industry, in agreement with the steel mills, issued a guideline for the selling prices of reinforcing steel manufactured locally in the Kingdom. According to the bulletin, the selling price of a ton of rebar , grade 60, ranges between 470 and 485 dinars per tonnes, with sales tax and tax between …
Abu Dhabi Future Energy Company “Masdar” announced, on 13 January 2023, the signing of an agreement with the “Port of Amsterdam”, “Sky NRG”, “Ivos Amsterdam”, and “Zenith Energy”, to explore ways to develop a green hydrogen supply chain between Abu Dhabi and Amsterdam to support needs of the Dutch and European market. The agreement was …
According to the prices of the global steel markets, the scrap price reached 417$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 540 and 590$/tonne, and rebar prices ranged between 715 and 720$ / tonne.
Oil prices rose 3% to their highest level in a week, as hopes for an improvement in global economic prospects and concerns about the impact of sanctions on Russian crude production overshadowed a sudden and large increase in US crude inventories. Brent crude futures rose $2.57, or 3.21%, to $82.67 a barrel upon settlement, and …
Oil prices rise 3%, “Brent” above $82.5 a barrel Read More »
The Union of Steel Producers of Ukraine said that steel production in Ukraine decreased by 70.7% in 2022, to 6.26 million tonnes. The Union also indicated in a statement that final steel products decreased by 72% to reach 5.35 million tonnes, and that iron ore production decreased by 69.8% to reach 6.39 million tonnes in …
Ukrainian steel production declined by 70.7% in 2022 due to the Russian invasion Read More »
Engineer Muhammad Salah El-Din Mustafa, Minister of State for Military Production, inspected the Abu Zaabal Company for Engineering Industries (Factory 100 Military), and affiliated with the Ministry of Military Production, accompanied by a several officials from the Ministry and the National Authority for Military Production. Where the Minister of State for Military Production was briefed …
Minister of Military Production: Armoured steel is a strategic product Read More »
The Saudi Arabian Mining Company (Ma’aden) has signed a set of agreements aimed at increasing its exploration and mining capabilities inside and outside the Kingdom, according to data sent by the company to the Saudi market. The announcement of these agreements comes in light of Saudi Arabia’s interest in maximizing the utilization of its mineral …
Saudi Arabia: Ma’aden signs new agreements to expand locally and internationally Read More »
Rebar prices in Egypt recorded an increase between 2000 and 3000 EGP as a result of the rise in dollar prices in the local market, as rebar prices are affected by the prices of imported raw materials. rebar prices vary from one region to another, according to the cost of transportation and the profit margin …
Ezz Steel announced the prices for flat steel, as of Sunday, December 18, 2022. 28,335 EGY/tonne EXW, and 25,800 EGY/tonne, including value-added tax. Statement including VAT Flat Steel 28,335
Oil prices rose in early trading on Monday, January 9, after an influx of travellers to China following the reopening of borders raised fuel demand expectations and partially offset fears of a global recession. Brent crude futures rose by 53 cents, or (0.7%), to record 79.10 dollars per barrel, and West Texas Intermediate crude rose …
Experts and workers in the real estate sector in Abu Dhabi confirmed that it recorded outstanding performance in 2022. Explaining that the demand for buying and owning real estate in 2022 has increased significantly. Thanks to the vision of the wise leadership, initiatives and economic packages, and golden residency granting, along with the confidence of …
UAE : The real estate sector in Abu Dhabi achieved outstanding performance in 2022 Read More »
The Minister of Industry, Ahmed Zeghdar, confirmed on Saturday, 8 January 2023, from Tipaza that the project to exploit the strategic Ghar Djebilet mine in Tindouf is the “locomotive” of the iron and steel industry in Algeria to achieve future huge projects on which the country depends. In press statements, on the side-lines of his …
UK-based Tata Steel, a subsidiary of Indian steel producer Tata Steel, has published new research revealing that the UK will need more than 10 million tonnes of steel over the coming years to become more energy efficient. Accordingly, more than 5 million tonnes of steel will be required to build thousands of offshore wind turbines …
Tata Steel: UK needs more than 10 million tonnes of steel Read More »
Turkey’s steel billet exports fell to a critical minimum in November 2023 as Turkey exported only 6,063 tonnes, according to the Turkish Statistical Institute (TUIK). The volume of exports decreased significantly on an annual basis and on a monthly basis, as pellet exports reached 47,297 tonnes in November 2021 and 46,944 tonnes in October 2022. …
Morocco imports more than 50% of Turkey’s exports of billet Read More »
According to the prices of the global steel markets, the scrap price reached 419$/tonne, the iron ore price was 116$/tonne, the prices of billets ranged between 325 and 570$/tonne, and rebar prices ranged between 695 and 705$ / tonne, wire rod ranged between 700 and 700$/tonne.