Iraq
$186.8 billion is the contribution of “building and construction” to the Arab economies
The Arab Monetary Fund revealed that the construction sector in the Arab countries has recovered from the effects of the “Covid-19” pandemic, and the sector’s contribution to the GDP for the year 2021 amounted to about $186.8 billion, compared to $178.3 billion in 2020, with a growth of 4.7%. The Fund added, in a report, …
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The decline in Turkey’s exports of HR flats to the regions of the world and its increase in the Arab countries
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 …
Iraq’s Van Steel launches commercial rebar production
Despite numerous challenges, among which are the global economic headwinds and local political instability, a new steel facility has been commissioned in Iraq. Rather positive long-term prospects for rebar demand are the main reason for capacity expansion taking place in the Kurdistan region. Iraq’s Galiawa Group announced the launch of the second rolling mill at …
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The rise in the GDP of the Arab countries in 2022, with Saudi Arabia in the lead
The gross domestic product (GDP) at the current prices of the Arab countries is likely to rise by 21% this year to reach about $3.4 trillion, “representing 3.35% of the global economy,” compared to $2.81 trillion in 2021 “representing 2.92% of the global economy.” According to the monitoring unit of the reports in the “Al …
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Turkey’s longitudinally welded tube and profile exports up 9.4% in Jan-July, Egypt and Iraq were in the lead
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 …
Completing 90% of the iron and steel plant in Basra, with a production capacity of 500,000 tonnes
The General Iron and Steel Company revealed the stages of completion in the new factory, stressing that the completion rate has reached 90%, and the company explained that the remaining percentage is related only to data entry while indicating that the specified production capacity of the plant as a final product is in the range …
Egypt tops the countries importing HRC steel plates from Turkey in January – February 2022
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 …
Turkey’s rebar exports increase by 34.7% in H1 2021
In June this year, Turkey’s rebar exports amounted to 681,787 metric tons, up 1.1 percent compared to May and increasing by 42.4 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). The revenue generated by these exports totaled $433.47 million, increasing by 3.0 percent compared to May and …
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Iraq: The establishment of the first industrial city and the largest steel factory in Basra
The Basra Investment Commission – Iraq announced, on Wednesday (May 5, 2021) the inclusion of mega projects in the current year’s plan, the most prominent of which is the implementation of a large iron and steel factory, and the first industrial city to help employ thousands of unemployed. The semi-official Al-Sabah newspaper quoted the head …
State Company for iron and steel calls for the purchase of its products from pipes
State Company for iron and steel, a company of the Ministry of Industry and Minerals, invited the state ministries, especially the Ministry of Oil, to purchase the spiral pipes produced in its pipelines plant with a capacity of (200) thousand tons / year. The general manager of the company, Mr. Abbas Hayal, indicated in a …
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State Company for iron and steel accomplishes 85% of the mechanical works
State Company for iron and steel, a company of the Ministry of Industry and Minerals, announced the completion of (85%) of the mechanical works in the reheating furnace of the rolling mill within the rehabilitation project. The general manager of the company, Abbas Hayal, mentioned in a statement to the media office in the ministry …
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STATE COMPANY FOR IRON & STEEL
Iraq STATE COMPANY FOR IRON & STEEL Capacity 2018 – 1000 tons COMPANY Pipes STATE COMPANY FOR IRON & STEEL 240 Capacity 2019 – 1000 tons COMPANY Long products pipes STATE COMPANY FOR IRON & STEEL 600 240