Newsletter 08-2025
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Newsletter 08-2025 Read More »
Rebar production in Egypt witnesses record numbers in December 2024
Egypt’s rebar production witnessed a remarkable increase in the past month of December, as it exceeded one million tons for the first time and reached 1.025 million tons, an increase of 58% compared to the production of December 2023, accompanied by an increase in rebar sales, which recorded 876 thousand tons in December 2024, by
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Turkey’s Tosyali aims to cover 50% of energy needs from renewable sources
Turkish steel company Tosyalı Holding plans to invest almost $1 billion in a 1.2 GW solar energy project for self-consumption in eight provinces. This is reported by Balkan Green Energy News. The first 120 MW is expected to be commissioned in 2025 in Osmanje in the south of the country. The full design capacity is expected to
Turkey’s Tosyali aims to cover 50% of energy needs from renewable sources Read More »
Adding 3 construction codes to the Saudi Building Code system
The committee announced the update of the Saudi Building Code 2024 system, to replace the current version, based on Article 5 of the Saudi Building Code System, which stipulates that the code be updated every 5 years to keep pace with developments in the construction sector. The update of the Saudi Building Code 2024 system
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Egypt: Rebar production, consumption and prices to decline in November 2024
Egypt’s crude steel production in November decreased by 11% compared to last October to 842,000 tons, and by 9% compared to November 2023, accompanied by a decrease in the rebar production by 10% compared to last October to 763,000 tons, and by 3% increase compared to November 2023. As for local market consumption, rebar sales
Egypt: Rebar production, consumption and prices to decline in November 2024 Read More »
Arab countries’ crude steel production to rise by 2.5% during January-November 2024
According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production amounted to 3.5 million tons during November 2024, an increase of 2.5% compared to November 2023. Saudi Arabia topped Arab countries in steel production during November with a production volume of 851 thousand tons and
Arab countries’ crude steel production to rise by 2.5% during January-November 2024 Read More »
Japan calls on Biden to approve the “Nippon-US Steel” deal Before Trump assumed the presidency
Japanese Prime Minister Shigeru Ishiba sent a letter to US President Joe Biden asking him to approve Nippon Steel’s acquisition of US Steel. To avoid spoiling recent efforts to strengthen relations between the two countries, according to two sources familiar with the matter. Biden joined a powerful American labor union in opposing the acquisition of
US President-elect Trump sets new tariffs that may raise aluminum and steel prices in America
President-elect Donald Trump’s plan to impose 25% tariffs on all goods from Canada and Mexico would push steel and aluminum prices across the United States higher, according to Citigroup analysts. Aluminum and steel face the biggest impacts from Trump’s tariff threat, with Canada and Mexico being major suppliers to the United States, according to analysts
Dana Steel opens its first factory in Saudi Arabia in mid-2025
Dana Steel, which is based in the Emirates, will begin production from its first factory in Saudi Arabia in the middle of next year with investments amounting to about $82 million, according to its CEO, Ankur Dana. Dana stated that the company invested in Saudi Arabia due to its acquisition of a huge volume of
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Iron ore prices increased by 4.2% over the past week
Iron ore prices on November 15-22, 2024, showed steady growth on major exchanges, which came as a surprise to market participants. January futures on the Dalian Commodity Exchange rose by 4.2% to $106.06/t, and on the Singapore Exchange – also by 4.2%, to $100.7/t. Despite the positive weekly trend, prices remain lower than at the
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World crude steel production increased by 1% in October 2024
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 152.1 million tonnes (Mt) in October 2024, a 1 % increase compared to October 2023. Crude steel production by region Africa produced 2.0 Mt in October 2024, down 0.4% on October 2023. Asia and Oceania produced 111.3 Mt, up
World crude steel production increased by 1% in October 2024 Read More »
An agreement between the “Saudi Railways” and the French “Alstom” to raise the readiness of the Eastern Railways
The Saudi Railways (SAR) signed a contract with the French company Alstom Transport SA to raise the level of readiness of the Al Sharq network train fleet. This came on the sidelines of the Saudi Railways Exhibition and Conference, in Riyadh. The agreement aims to “provide training and qualification services to SAR employees, invest in
Ukrainian scrap exports increased by 54.5% during January-October 2024
In January-October 2024, the Ukrainian scrap industry increased exports of ferrous scrap by 54.5% compared to the same period in 2023, to 226.97 thousand tons. This is evidenced by the data of the State Customs Service. In October, shipments of raw materials abroad decreased by 0.9% compared to the previous month, but increased by 55.4%
Ukrainian scrap exports increased by 54.5% during January-October 2024 Read More »
Japanese crude steel output up 4.6 percent in October from September
In October this year, Japanese crude steel production was up by 4.6 % compared to the previous month and down by 7.8 % compared to October 2023, totaling 6.92 million mt, according to the data released by the Japan Iron and Steel Federation (JISF). Meanwhile, in the given month Japan’s pig iron production totaled 5.07
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