Rebar prices in Egypt have risen between 1700 to 1980 pounds during the past days as a result of the rise in dollar prices in the local market and the increase in interest, as iron prices are affected by the prices of imported raw materials. Today’s rebar prices are as follows: Company EGP/ton Ezz Steel …
Rebar prices in Egypt for the month of November 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 340$/tonne , Iron ore price was 92$/tonne , while the prices of billets ranged between 490 and 580$/tonne, and the prices of rebar ranged between 6250and 64$ / tonne, Wire Rod ranged between 645 and 680$ / tonne.
The revenues of Emirates Steel Company “Arkan” in the third quarter of this year 2022 increased by 29% to reach 2.51 billion dirhams, compared to the initial revenues during the third quarter of last year, which amounted to 1.94 billion dirhams. EBITDA increased to AED 269 million, up 224% year-on-year. The group recorded a net …
Emirates Steel achieves a profit of 383 million dirhams in 9 months Read More »
The project to extend the complex of the Algerian-Qatari steel company in Bellara was launched on November 1 by the President of Algeria, Abdelmadjid Tebboune and the Emir of Qatar, Sheikh Tamim Ben Hamad Al-Thani, on the sidelines of the work of the 31st Summit of the League of Arab States. This Wednesday, November 9, …
The extension project of Bellara steel complex: an AQS official speaks Read More »
Today, the Arab Iron and Steel Union annual conference, “The 15th Arab Steel Summit,” was concluded in Manama, the Kingdom of Bahrain, under the patronage of H.E the Minister of Industry and Commerce, Mr Zayed Bin Rashid Al-Zayani, in which a remarkable number of Arab steel companies, regional and international organizations, technology equipment suppliers, consultants, …
The accomplishment of the 15th Arab Steel Summit Read More »
Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in Manama, the Kingdom of Bahrain, the Union honoured the companies participating in the International Iron and Steel Exhibition on the fiftieth anniversary of the establishment of the …
Honouring the companies participating in the International Iron and Steel Exhibition Read More »
Asian steel markets have been shaken by regional and international factors over the past year, and there is little prospect of a calm in 2023. One of the structural shifts prevailing in the region is the end of Chinese demand growth and the shift towards a less steel-intensive economy. . This shift results in long-term …
Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in the city of Manama, Kingdom of Bahrain, the federation honored the founders of the federation on the occasion of the fiftieth anniversary of the founding of the …
Honoring the founders of Arab Iron and Steel Union Read More »
Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in the city of Manama in the Kingdom of Bahrain, the chairmen of the union were honored on the occasion of the fifty years since the founding of …
Honoring the chairmen of Arab Iron and Steel Union Read More »
Under the patronage of H.E the Minister of Industry and Commerce, Mr Zayed Bin Rashid Al Zayani, the works of the 15th Arab Steel Summit and the International Iron and Steel Exhibition hosted by the Kingdom of Bahrain were launched this morning in conjunction with the celebration of the 50th anniversary of the Arab Iron …
On the sidelines of the 15th Arab Steel Summit, the meeting of the Board of Directors of the Arab Iron and Steel Union No. 125 was held on November 7th. The first conference of the federation after recovering from the effects of the Corona pandemic. His Excellency the Minister of Industry and Trade in the …
Arab Iron and Steel Union holds its 125th Board of Directors meeting in Manama – Bahrain Read More »
Metal Expert invites market participants to the 5th SE Asia Steel Conference to be held in Bangkok, Thailand, Crowne Plaza Bangkok Lumpini Park, from December 15th to 16th. December 15th: 19:00 – 21:00 pre-registration followed by a cocktail reception December 16: 09:00 – 17:00 Sessions Day agenda Regional aspects: – Economic prospects for Southeast Asian …
The Middle East Iron and Steel Conference is an annual conference for the iron and steel industry in the Middle East and North Africa region. In 3 days, senior regional executives present the dynamics of raw materials, the fundamentals of iron and steel production, and the drivers of consumption in the countries of the Middle …
Middle East Iron and Steel Conference 12-14 December 2022 Read More »
The Ministry of Commerce, Industry and Investment Promotion signed a memorandum of cooperation with Vale SA “Vale”, in partnership with the Public Authority for Special Economic Zones and Free Zones, and the National Program for Investment and Export Development “Nizhar”. The memorandum of cooperation includes a study and exploration of the feasibility of developing an …
The Beshay Steel Factory announced iron prices in Egypt on 1-11-2022, an increase of 1700 pounds per ton, according to what the factory announced, provided that the new prices will be applied as of the first of November. For his part, Moheb Shafiq, a building materials trader, revealed in exclusive statements to Al-Mal that the …
Beshay Steel announces rebar prices for the month of November Read More »
Ezz Steel reviewed the expected losses for the group companies as a result of the liberalization of the pound against the dollar and foreign currencies. The company stated in a statement to the Egyptian Stock Exchange today, Sunday, that it is initially estimated that the currency losses in the second half of this year on …
Gas plays a vital role in the European economy, as it is used to heat homes, in heavy industries, and as a secondary fuel in electricity production. Thus, this record price hike negatively affects the European economy. In the absence of a solution to the war in Ukraine, energy prices continued to rise, especially gas, …
The impact of the energy crisis on the iron and steel industry in Europe Read More »
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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes (Mt) in September 2022, a 3.7% increase compared to September 2021. Africa produced 1.4 Mt in September 2022, up 1.0% on September 2021. Asia and Oceania produced 113.0 Mt, up 10.6%. The EU (27) produced 10.7 …
World crude steel production increase by 3.7 % in September 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 367$/tonne , Iron ore price was 92$/tonne , while the prices of billets ranged between 620 and 630$/tonne, and the prices of rebar ranged between 660 and 700$ / tonne, Wire Rod ranged between 730 and 730$ / tonne.
The Arab Iron and Steel Union concluded the work of the fifth meeting of the Economic Committee in Jeddah – Kingdom of Saudi Arabia, which was held from 17-18 October. The meeting was attended by representatives of the following countries: the Algerian Republic – the State of Kuwait – the United Arab Emirates – the …
According to the prices of the global steel markets, the scrap price reached 371$/tonne , Iron ore price was 94$/tonne , while the prices of billets ranged between 525 and 630$/tonne, and the prices of rebar ranged between 700 and 710$ / tonne, Wire Rod ranged between 730 and 730$ / tonne.
Midrex Technologies, Inc. (Midrex) and Paul Wurth, an SMS Group company, announce a signed agreement with H2 Green Steel to supply the world’s first commercial 100 percent hydrogen direct reduced iron (DRI) plant. The 2.1 million tons per year MIDREX H2 Plant will be located in Boden, northern Sweden. H2 Green Steel will produce green …
World’s first green steel mill relies on SMS Group with Midrex Read More »
According to the prices of the global steel markets, the scrap price reached 373$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 525 and 620$/tonne, and the prices of rebar ranged between 700 and 720$ / tonne, Wire Rod ranged between 740 and 760$ / tonne.
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during August with a value of 17.34 million pounds. The company said in a statement to the Egyptian Stock Exchange on October 3 that the sales of the Bahariya mines amounted to about 17.19 million pounds during August. It added …
Egypt: Iron and Steel Mines achieve 17 million pounds in profits during August Read More »
According to the prices of the global steel markets, the scrap price reached 369$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 520 and 625$/tonne, and the prices of rebar ranged between 680 and 700$ / tonne, Wire Rod ranged between 690 and 700$ / tonne.
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in August this year Turkey’s foreign trade deficit increased by 159.9% to $11.19 billion compared to August 2021. In the January-August period this year, Turkey’s foreign trade deficit rose by 146.3% year on year to …
Turkey’s steel export value up 9.7% in January – August 2022 Read More »
