In June this year, Brazilian miner Vale’s iron ore export volume totaled 19.89 million mt, rising by 7.7 % compared to May and decreasing by 16.4 % compared to June 2021, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the first half of the current year, …
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The Minister of Energy and Mines, Mohamed Arkab, received on September 29, in Algiers, the Chairman of the Board of Directors of Tosyali Complex, Fouad Tosyali, with whom he discussed strengthening cooperation in the mining field. Especially the use of iron ores from Ghar Djebilet mine to supply the iron and steel complex in Bethioua …
Negotiations about supplying Tosyali Algerie with iron ores from the Ghar Djebilet mine Read More »
In August this year, Japanese ferrous scrap exports amounted to 495,633 mt,falling by 9.1% compared to 545,311 mt in the same month of the previous year, according to customs statistics. In the January-August period this year, the country exported 4.08 million mt of scrap, falling by 23.7% year on year. During the given period, South …
Japan’s steel scrap exports down 23.7% in January-August 2022 Read More »
Of course, the first idea process can be painful. But this is also why there has been greater technological change since 1870 than there has been between the period of six thousand BC and 1869. The second thinker is Friedrich Engels, who formulated the superstructure model, which is the basis of Marxist political economy. “This …
Within the framework of the activities of the Arab Iron and Steel Union, a work program for cooperation, acquaintance, and exchange of experiences between Arab steel companies was launched in collaboration between the General Secretariat of the Union and the Iron and Steel “Imetal” Algeria, to learn about the technologies applied in these factories from …
China’s increased spending this year on coal-fired electricity and steel production threatens its climate goals and could even turn them into a missed investment, according to clean air campaigners. The acceleration in approvals for a package of projects in the first half of 2022, which represents up to 230 billion yuan ($32 billion) in investment, …
China’s $30 billion investment in coal hurts its climate goals Read More »
Tosyali Algeria Steel Group, located in Bethioua, Oran, has exported 15,000 tonnes of anti-corrosion spiral tubes to Angola. The process of exporting these large tubes, 55 meters long, was carried out in three stages from the port of Arzew, Oran. The total value of these spiral tubes, the first of their kind in terms of …
Tosyali Algeria Exporting 15,000 tonnes of pipes to Angola Read More »
The violent developments that the world is witnessing, including pandemics, conflicts and successive economic crises, are accelerating due to the speed of information flow. And the inevitable consequences of the capitalist system, which we learned that it carries with it the elements of its destruction. We all point to one truth; Achieving a degree of …
According to the prices of the global steel markets, the scrap price reached 350$/tonne , Iron ore price was 98$/tonne , while the prices of billets ranged between 525 and 630 $/tonne, and the prices of rebar ranged between 690 and 710$ / tonne, Wire Rod ranged between 690 and 740$ / tonne.
In the January-August period this year, China’s rebar production totalled 155.426 million mt, down 13.8% yearly, according to China’s National Bureau of Statistics (NBS). In the first eight months, wire rod production amounted to 95.906 million mt, down by 12.3% yearly. In August alone, China’s rebar and wire rod production amounted to 19.252 million mt …
China’s rebar output down 13.8% in January-August 2022 Read More »
Eng. Saeed Ghamran Al Rumaithi, CEO of Emirates Steel Group, Arkan confirmed that the Group continues its excellent financial and operational performance, explaining that the results it achieved during the first half of this year confirm this. In an interview with Gulf News, Al-Rumaithi said, “Despite the decline in market momentum, the increase in fluctuations …
The launch of the new Emirati rebar in the last quarter Read More »
From January to August this year, China’s steel bars exports totalled 4.95 million tonnes, down 21.5 per cent year on year, while exports of wire coil reached 1.39 million tonnes, down 1.7% year on year. Meanwhile, China’s export volume of angles/channels reached 2.38 million tonnes in the specified period, up 25.3% yearly and 10.5 percentage …
China’s steel bar exports down 21.5 % in Jan-Aug 2022 Read More »
SMS group announced today that Hindalco, one of the world’s largest aluminium companies, has placed an order for the supply of a high-performance cold rolling mill for wide aluminium strip. The new mill will be constructed within the periphery of Hindalco’s Aditya Aluminium Unit in Lapanga in Odisha, India. The facility is located near another …
SMS group secures prestigious cold mill order from Hindalco Read More »
The Information and Decision-Making Centre of the Council of Ministers has published a vital report on the effects of climate change. It confirmed that in light of the continuing impacts of climate change around the world, the cost is expected to reach one trillion dollars next year so that the world will witness another year …
Trillion-dollar cost of climate changes globally in 2023 Read More »
Mining group Rio Tinto announced that it will team up with China Baowu Steel Group to develop a Western Range iron ore project in the Pilbara region of Western Australia, with a joint investment of 2 billion U.S. dollars. According to a media release, Rio Tinto contributes 1.3 billion dollars and Baowu invests 700 million …
US Federal Reserve officials are heading to raise interest rates this week by 75 basis points for the third meeting in a row and indicate that they will go to more than 4 per cent, and then will be maintained at this level, Bloomberg News reported September 19. Bloomberg said the increase could be even …
According to the prices of the global steel markets, the scrap price reached 350$/tonne , Iron ore price was 98$/tonne , while the prices of billets ranged between 530 and 620$/tonne, and the prices of rebar ranged between 670 and 680$ / tonne, Wire Rod ranged between 680 and 750$ / tonne.
According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia recorded 3502.29 riyals in August 2022, a decrease of 7.9% compared to July 2022, which amounted to 3802.88 riyals, and a decrease of 4.8% compared to the price of August 2021, which amounted to 3669.99 riyals. As …
Average prices of rebar and cement in Saudi Arabia Read More »
In July this year, Turkey’s total longitudinally welded tube and profile exports decreased by 42.8 % to 122,405 metric tons compared to June and were up 35.1 % year on year, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $151.17 million, down 40.1 % month on …
According to final census data from the US Department of Commerce, US imports of wire rod totaled 177,448 mt in July 2022, up 101.3% from June and up 79.3% from July 2021 levels. By value, wire rod imports totaled $186.6 million in July 2022, compared to $105.7 million in June and $85.9 million in July …
US wire rod imports up 101.3% in July, Algeria and Egypt led Read More »
In pursuing a shared ambition to reduce carbon emissions from iron and steel production, JSW Steel, the flag ship company of the $22 billion JSW Group, has signed a memorandum of understanding (MOU) with SMS group to explore multiple cutting-edge solutions and R&D projects to reduce carbon emissions in its iron and steel making operations …
SMS group and JSW Steel sign MOU for carbon reduction projects Read More »
SABIC participated as a strategic partner in the 2nd Saudi International Iron & Steel Conference 2022 in Riyadh from September 12 to 14 under the patronage of Bandar Al-Khorayef, Minister of Industry and Mineral Resources, and Khalid Al-Falih, Minister of Investment. During a workshop on the first day of the conference, the company highlighted its …
In an interview with Al Arabiya, the CEO of the Egyptian Ezz Steel Company, Eng. Ahmed Ezz, denied any intention to merge the two companies, Ezz Dekheila and Ezz Steel. Eng. Ahmed Ezz said that Ezz Steel’s investment in Egyptian Steel is an investment for the future, given the conviction of the technology used in …
The “2nd Saudi Iron & Steel Conference” concluded its work today successfully with a remarkable attendance of nearly 1,000 participants, which was organized by the National Committee for Steel Industry of the Federation of Saudi Chambers at the Four Seasons Hotel in the capital, Riyadh, under the patronage of His Excellency the Minister of Industry …
The conclusion of the work of the of ” 2nd Saudi Iron & Steel Conference” in Riyadh Read More »
Mohammed Al-Afari, Senior Vice President of Marketing at Emirates Steel, Arkan, revealed the launch of a new rebar product called ES600, which is considered the first of its kind in the UAE and the region, and the company has obtained local certifications for it. According to Al-Afari, this new type reduces the cost of using …
Emirates Steel announces reinforcing steel that reduces the cost between 10% and 25% Read More »
Today, Monday, the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef, announced three new projects in the Saudi iron and steel sector worth 35 billion riyals. During the second Saudi International Iron and Steel Conference, the minister said that the production capacity of new projects in Saudi Arabia is 6.2 million tonnes of iron …
The consolidated financial statements of Ezz Steel during the first half of this year showed an increase in the company’s profits by 72.3% on an annual basis. The company stated in a statement to the Egyptian Stock Exchange on13 September that it achieved profits of 4.12 billion pounds from January to the end of last …
Ezz Steel’s profits exceed 4.1 billion pounds during the first half of 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 360$/tonne , Iron ore price was 103$/tonne , while the prices of billets ranged between 535 and 590$/tonne, and the prices of rebar ranged between 680 and 720$ / tonne, Wire Rod ranged between 690 and 740$ / tonne.
In August this year, China (china)’s producer price index (PPI) for its ferrous metal smelting and rolling sector declined by 15.1 % year on year, with the declining pace 5.6 percentage points faster compared to that recorded in July this year, while down 4.1 % month on month, according to the data released by China …
China’s steel industry PPI declines by 15.1 % in August Read More »