Ukraine’s ArcelorMittal Kryvyi Rih has announced that the mill is looking for new plans for steel export and coal import from Kazakhstan and Poland. Kazakhstan can meet 30% of ArcelorMittal Kryvyi Rih coke demand as the company plans to import from Kazakhstan instead of Russia. The company is also communicating with Poland to build infrastructures …
Ukraine’s ArcelorMittal Kryvyi Rih seeks new export route Read More »
According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in March 2022 to 3747.95 riyals, up by 4.3% compared to the price of February 2022, which amounted to 3591.70 riyals, and up by 7.9% compared to March 2021, which amounted to 3473.7 riyals. As for …
Higher prices for global and domestic steel products in Turkey contributed to a significant increase in its flat steel products (HRC) exports in February, which rose by 43.5% year-on-year to 108,987 tons, according to the Turkish Statistical Institute (TUIK). North Africa topped the list of HRC buyers with a 40% share in February, with bookings …
According to the prices of the global steel markets, the scrap price reached 637$/tonne , Iron ore price was 155$/tonne , while the prices of billets ranged between 720 and 740$/tonne, and the prices of rebar ranged between 950 and 980 $ / tonne. Prices for iron and steel products in Russia and Ukraine were …
The British Foreign Office said in a statement that “Britain is banning the import of iron and steel from Russia from 14 April.” “From tomorrow, we will ban the import of Russian iron and steel, as well as the export of quantitative technologies and advanced materials that Putin desperately needs,” said Minister Liz Truss. It …
One of Ukraine’s largest steelmakers, ArcelorMittal Kryvyi Rih, (AMKR) has continued with the scheduled restart of blast furnace N °6, which had been idled for over a month due to the Russian invasion. The company has successfully conducted blowing-in of the furnace and is expecting to produce the first thousand metric tons of pig iron …
Hisham Tawfiq, Minister of Public Business Sector, paid an inspection visit to Delta Steel Factories Company of the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector, to follow up on the news of the development project. The minister began his visit by holding a meeting with the …
Delta Steel turns profitable after implementing the first phase of development Read More »
The Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, said on Twitter on April 7 that the national economy of the Emirates achieved a growth of 3.8% in 2021. Sheikh Mohammed stated in his tweet that the Statistics Centre had finished calculating the UAE’s GDP in 2021 and that the World Bank expected to …
UAE economy performed better in 2021 than before the pandemic Read More »
Tosyali Steel Complex, based in Bethioua, Oran, aspires to reach 1 billion dollars in revenue this year against 700 million dollars made last year, agency APS reports this April 09 2022. During the first quarter of the current year, the Complex reaped revenues of around 320 million dollars, thanks to the export of 335,000 tonnes …
Tosyali Algeria: reach $1 billion in revenue by 2022 Read More »
In February this year, Turkey’s rebar exports amounted to 551,822 metric tons, up 10.6 percent compared to January and decreasing by 1.7 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $386.9 million, increasing by 9.6 percent compared to January …
Value of Turkey’s exports of rebar increased by 39.6% in January-February Read More »
According to export data from the US Department of Commerce, monthly steel exports in February 2022 increased 5.1% from January to total 659,436 mt. A year-on-year comparison shows a 7.3 % increase. In terms of value, US steel exports in February totaled $1.19 billion, compared to $1.15 billion in January and $829.2 million in February …
According to the prices of the global steel markets, the scrap price reached 653$/tonne , Iron ore price was 154$/tonne , while the prices of billets ranged between 785 and 900$/tonne, and the prices of rebar ranged between 965 and 995$ / tonne. Prices for iron and steel products in Russia and Ukraine were not …
Indian steelmaker Tata Steel has achieved its highest-ever crude steel production of 19.06 million mt in the fiscal year 2021-22, recording a growth of 13 percent year on year, a company statement said on Wednesday, April 6. Tata Steel’s deliveries of steel products during the fiscal year 2021-22 were reported at 18.277 million mt, up …
Tata Steel achieves record crude steel production of 19.06 million mt in FY 21-22 Read More »
Arab Iron and Steel Union is scheduled to hold the Board of Directors meeting in its 124th ordinary session, and the ordinary Assembly in its 55th session in Doha Qatar on May 23, 2022, at the kind invitation of Qatar Iron and Steel Company “Qatar Steel” in the presence of representatives of iron and steel …
In February this year, Japanese ferrous scrap exports amounted to 512,866 mt, falling by 19.7% compared to 639,140 mt in the same month of the previous year, according to customs statistics. In the January-February period this year, the country exported 815,288 mt of scrap, falling by 28.4% year on year. During the given period, South …
Japan’s steel scrap exports down 28.4% in Jan-Feb 2022 Read More »
The Export Council of Building Materials revealed that Egypt’s iron and steel exports rose by 4% to $200 million from January to February 2022, compared to $192 million in the same period last year. In its monthly report, the Council added that Spain received iron and steel products worth $49.303 million from January to February …
Egypt’s iron and steel exports rise to $200 million during January and February 2022 Read More »
Asia’s steel and iron ore markets are trying to link recent Chinese coronavirus shutdowns to the potential loss of exports from Russia and Ukraine. While the first factor represents a downward trend for prices, as China’s steel production may decline in some areas of the country, such as Tangshan, as well as the potential impact …
The conflict between Russia and Ukraine, which are exporters of steel products, will have a huge impact on global steel demand and trade if it lasts for a long time, the head of a Japanese steel industry group said. “Even before the Ukraine crisis, we had faced three risk factors to dent steel demand — …
Japan steel group : Russia-Ukraine conflict to have huge impact on global steel demand Read More »
According to the prices of the global steel markets, the scrap price reached 653$/tonne , Iron ore price was 160$/tonne , while the prices of billets ranged between 800 and 900$/tonne, and the prices of rebar ranged between 950 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not …
Today, Friday 01-04-2022, rebar prices witnessed a rise in the Egyptian construction market, where the market is currently witnessing instability in the price of the dollar against the pound, in addition to the continuation of the Russian-Ukrainian war and its effects on the local market, and the price of a ton of rebar in Egypt …
In February this year Turkey’s foreign trade deficit increased by 135.5% to $7.88 billion compared to February 2021,according to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). In the January-February period this year, Turkey’s foreign trade deficit rose by 183.3% year on year to $18.15 billion. In February, Turkey’s iron and …
Turkey’s steel export value up 52.5% in Jan-Feb 2022 Read More »
In March this year, the purchasing managers index (PMI) for the Chinese steel sector was at 44.3%, down 3.0 percentage points compared to February, as announced by the China Steel Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP). In March, the production index for the Chinese steel sector …
China’s steel sector PMI declines in March amid spread of Covid-19 Read More »
In February this year the value of Turkey’s iron and steel imports increased by 46.1% year on year, totaling $2.67 billion,According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). In the given month, iron and steel ranked in second place among the most imported products of the country in terms …
Turkey’s steel import value up 53.5% in January-February 2022 Read More »
As soon as the world breathed a sigh of relief, opened the atmosphere, lifted the ban, and lifted the preventive measures, or even eased them, everyone woke up to the cannon strikes of the Russian-Ukrainian war, which – undoubtedly – doubled the inflationary pressures arising from the disruption of supply and supply chains, given the …
Russia’s war on Ukraine and its impact on the Arab steel industry Read More »
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China imported 1,654,946 mt of semi-finished steel in the January-February period this year, including 729,059 mt of billet and 511,348 mt of slab, according to the data released by China’s General Administration of Customs on March 21. But for billets this volume is 18 percent lower than the same period last year, while for slabs …
China’s semi-finished steel products imports slow in Jan-Feb 2022 Read More »
ArcelorMittal France, a subsidiary of Luxembourg-based steelmaker ArcelorMittal, has announced that its current program further accelerates the dynamic of environmental improvements, with more than €50 million of investment devoted to better environmental protection over the period 2021-23. The company’s Fos-sur-Mer plant in the south of France is in the process of reducing its environmental footprint. …
ArcelorMittal France accelerates environmental improvements Read More »
The Libyan Iron and Steel Company explained the reasons it relied on recently to raise the prices of its products by 20%, pointing out that it relies in its production operations on many inputs that are imported from abroad, including iron pellets, steel billets, tiles, refractory materials, and additive operating materials, spare parts and more. …
Libyan Iron and Steel Company explains the reasons for raising iron prices Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 142.7 million tonnes (Mt) in February 2022, a 5.7% decrease compared to February 2021. This is mainly due to the decline in the production of China by -10.0%, the largest producer and consumer of steel in the world, and …
World crude steel production declined by 5.7% in February Read More »
Emirates Steel Arkan Group announced today a 20% increase in the domestic rebar prices to become AED 3,125 per tonne, effective 1 April 2022, compared to AED 2,590 per tonne in March. The increase comes on the back of a surge in the international raw materials prices resulting from the on-going repercussions of the Russian-Ukrainian …
Emirates Steel Arkan Group announces rebar price for April 2022 Read More »