Conaris, the second largest private sector steel producer in the UAE, has announced its coloured steel products factory official opening in Jebel Ali Free Zone (Jafza) in Dubai. The new and modern facilities, which were developed with a 150 million-dirham investment within the Conaris facilities in the south of Jafza, extend over an area of …
Egypt’s iron and steel exports declined by 23%, to record about $1.146 billion during the first 10 months of 2022, compared to $1.481 billion in the same period last year. The Export Council for Building Materials, Refractories and Metallurgical Industries indicated that 10 countries acquired 75.3% of Egypt’s iron and steel exports, at a value …
Egypt’s iron and steel exports amounted to $1.1 billion, in January to October 2022 Read More »
Algerian Minister of Energy and Mines Mohamed Arkab met Franziska Brantner, Parliamentary Secretary of State, and Minister Delegate at the German Ministry of Economy and Climate Protection, and they discussed bilateral relations in the energy field, especially the joint measures implemented in the renewable energies field and energy efficiency. Minister Mohamed Arkab and the German …
Algeria cooperates with Germany in the field of green hydrogen Read More »
In October this year, Turkey’s HR flats exports decreased by 49.4% year-on-year to 141,059 tonnes, according to data from the Turkish Statistical Institute (TUIK). From January to October this year, Turkey’s HR flats exports reached 1.588 million tonnes, a decrease of 23.9% compared to last year. Despite the decline in Turkey’s HR flats exports to …
The Director General of Foresight at the Ministry of Energy and Mines in Algeria, Miloud Medjled, said that his country achieved a record number of natural gas exports in 2022. Miloud Medjled added, during an interview on the first radio station, that Algeria achieved a record in terms of an increase in natural gas exports …
Algeria registers a record in natural gas exports in 2022 Read More »
Hussein Ali Shobokshi The year 2022 is about to leave in a few days. It has been a year full of action and drama. The least we can say. A near-global war grabs the headlines and affects politics and the economy. A global epidemic that people coexist with, even if China, the country from which …
The iron and steel complex Tosyali Algeria (Oran) achieved export revenues exceeding $800 million during the first nine months of 2022. Member of the Board of Directors Alp Topkyoglu said in a statement to the APS that Tosyali Company had exported more than 1.1 million tonnes of iron products, with a slight increase compared to …
Tosyali Algeria achieved exports exceeding $800 million during January-September 2022 Read More »
The Maltese Minister of Environment and Energy, Miriam Daly, announced today, Monday December 19, that the energy ministers of the European Union agreed to set the ceiling for the price of gas in the Union at 180 euros per megawatt per hour. ”It was agreed on a price cap and when the market correction mechanism …
European Union agrees to set the gas price ceiling at 180 euros Read More »
The Egyptian Ministry of Industry and Trade decided to cancel Resolution No. 190 of 2022 banning the export of stainless steel scrap, and imposing an export fee of 3,500 pounds per ton. According to the text of the decision, scrap and waste of stainless steel alloys, customs item 7204.21, shall be deleted from the table …
Chinese coke plants have continued to benefit from good demand abroad. In the first 11 months of the current year, China exported 8.41 million mt of metallurgical coke, up 40.4% year on year, as announced by the Chinese customs authorities. Meanwhile, China’s exports of coal in the given period amounted to 3.68 million mt, up …
China’s coke exports up 40.4% in January-November Read More »
Jordan Steel Company announced the prices of reinforcing steel for the month of December, pulling grade 60 EXW, loading the back of the car, between 457 and 475 JOD per tonne, excluding sales tax, and between 531.87 and 552.82 JOD per tonne, with the addition of sales tax. Grade Price without tax Price with tax …
According to the General Authority for Statistics, the average price of a ton of iron in the Kingdom of Saudi Arabia in November ranged between 3,311.33 – 4,306.44 Saudi riyals, with up and down between -0.48% – 0.18% compared to October 2022, and a decrease between –0.96% – -6% compared to November 2021. Average Prices …
In January-November 2022, China’s steel companies reduced steel production by 1.4% compared to the same period in 2021 – to 935.11 million tons. The production of steel products in China for 11 months reached 1.225 billion tons, decreasing by 0.7% to January-November 2021. The output of pig iron during this period decreased by 0.4% y/y …
China’s steel production is 935.11 million t in January-November 2022 Read More »
Ezz Steel announced the prices for flat steel, as of Sunday, December 18, 2022. 22,877 EGY/tonne EXW, and 25,800 EGY/tonne, including value-added tax. Statement EXW including VAT Flat Steel 22,877 25,800
China’s steel exports rose by 8% o 5.59 million tonnes (mnt) in November 2022 as compared with 5.18 mnt in the previous month, according to the China’s General Administration of Customs. On a yearly basis, export volumes increased by 28% as against 4.36 mnt seen in November 2021. During the first eleven months of 2022 …
According to export data from the US Department of Commerce, US exports of rebar totaled 16,141 mt in October 2022, up 21.4% from September but down 10.5% from October 2021. By value, rebar exports totaled $15.7 million in October, compared to $13.7 million in the previous month and $18.3 million the same month last year. …
According to the prices of the global steel markets, the scrap price reached 385$/tonne , Iron ore price was 112$/tonne , while the prices of billets ranged between 512 and 630 $/tonne, and the prices of rebar ranged between 670 and 680$ / tonne, Wire Rod ranged between 680 and 690 $ / tonne.
Tata Steel Long Products has awarded Danieli with the order for a new SBQ bar and wireod mill to be installed in Jamshedpur –East Singhbhum district of Jharkhand– the first planned industrial city in India. It will produce 500,000 tpy of bars and wirerod. The new mill will roll 150×150, 200×200 and 240×200 square billets …
Tata Steel Selects Danieli for Its New SBQ Mill Project Read More »
International credit rating agency Fitch Ratings has stated that the global steel sector will not fully recover in 2023 from the supply-demand shift in favour of the end-markets amid reduced consumption in the second half of this year. Since the global economic slowdown has ended the period of exceptionally high prices supported by pent-up demand …
ٌReport : Steel markets will normalise in 2023, excluding China Read More »
El Marakby Steel Group intends to start a plan to rely on clean energy in manufacturing to reduce carbon emissions, with investments of $5 million, during the next three years. Eng. Hassan Al-Marakibi, Chairman of the Board of Directors of El Marakby Steel Group, revealed that his group’s strategy regarding green industry and sustainability is …
Egypt: El Marakby Steel pumps 5 million dollars for the use of clean energy Read More »
The ambitious strategy of the Emirate of Dubai to transition to a green economy has gained significant momentum, with the emirate’s recent adoption of a road map that aims to make public transportation carbon-neutral by 2050, with initiatives ranging from investing in advanced infrastructure, strengthening the foundations of a circular economy, and expanding the scope …
Morgan Stanley raised its forecast for China’s economic growth next year, noting that a rapid restart after the “zero Covid” policy and continued steps toward policy easing will support the economy. And according to Bloomberg, the bank’s economists wrote in a note on Tuesday that they expect China’s GDP to grow 5.4% in 2023 instead …
“Morgan Stanley” raises its forecast for China’s economic growth next year Read More »
The President of Algeria, Mr Abdelmadjid Tebboune, affirmed on December 13, that phosphate mine in Tebessa and the iron mine in Ghar Djebilet in Tindouf represent two strategic projects for the future of Algeria. Standing at the Phosphate Mines Company pavilion on the inauguration of the 30th edition of the Algerian Production Exhibition at the …
Ukraine’s iron ore exports have remained severely affected by the ongoing Russian hostilities in the country. Due to the Russian invasion, exports fell sharply due to the blockade of ports and logistical challenges. Also, having continued to search for alternative ways to deliver their products, Ukrainian suppliers have been faced with the limited capacity of …
Ukraine’s iron ore exports down 42.9 % in January November Read More »
The Secretary-General of the Emirates Iron Producers Committee and Senior Vice President of Marketing at the Emirates Arkan Steel Group, Mohammed Salem Al-Afari, stated on the sidelines of the “Big Five” construction exhibition at the Dubai World Trade Center that the volume of consumption of reinforcing steel products in the local market since the beginning …
UAE: Rebar prices decline 20% during the second half Read More »
Ezz Steel Group announced the prices for flat steel, as of Monday, December 12, 2022. 20,877 EGY/tonne EXW, and 23,800 EGY/tonne, including value-added tax. Statement EXW including VAT Flat Steel 20,877 23,800
In October this year, Turkey’s billet and bloom import volume declined by 22.5 % month on month to 239,431 mt, down by 227.4 % year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $136.64 million, up by 17.2 % month on month and by …
Turkey’s billet imports down 18% in January-October 2022 Read More »
The World Trade Organization said tariffs on steel and aluminum imports by the United States in 2018 were illegal in a ruling on a dispute published by arbitrators on Friday, December 9. The ruling concluded that the administration of then-US President Donald Trump violated the rules of the Trade Organization, and the plaintiffs were China, …
WTO: US tariffs on steel and aluminum are illegal Read More »
Mohamed Salem Al-Afari, Secretary General of the Emirates Steel Producers Committee and Senior Vice President of Marketing at the Emirates Arkan Steel Group, said: The value of sales of the reinforcing steel market in the country during 2022 amounts to about 4.5 billion dirhams, while the volume of domestic consumption is estimated since the beginning …
According to the prices of the global steel markets, the scrap price reached 385$/tonne , Iron ore price was 112$/tonne , while the prices of billets ranged between 515 and 522$/tonne, and the prices of rebar ranged between 675 and 680$ / tonne, Wire Rod ranged between 690 and 705$ / tonne.