World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.1 million tonnes (Mt) in January 2024, a 1.6% decrease compared to January 2023. Crude steel production by region Area Jan 2024 (Mt) % change Jan 24/23 Jan-Jan 2024 (Mt) % change 24/23 Africa 2.0 16.3 2.0 16.3 Asia
The Moroccan Ministry of Industry and Trade revealed duty-free quotas for cold-rolled and coated steel products.
Morocco announces duty-free quotas for cold rolled and coated steel imports in 2024 Read More »
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135.7 million tonnes (Mt) in December 2023, a 5.3% decrease compared to December 2022. Africa produced 1.9 Mt in December 2023, up 17.7% on December 2022. Asia and Oceania produced 96.4 Mt, down 9.7%. The EU (27) produced 9.1
World crude steel production declined in December Read More »
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 145.5 million tonnes (Mt) in November 2023, a 3.3% increase compared to November 2022. Africa produced 1.8 Mt in November 2023, up 3.1% on November 2022. Asia and Oceania produced 104.8 Mt, up 2.2%. The EU (27) produced 10.6
World crude steel production increased by 3.3% in November 2023 Read More »
Sonasid Group, the leading national steel company, has obtained the International Environmental Product Declaration (EPD) certificate for its long steel products (rebar and wire rod), thus becoming the first producer of long steel products in Morocco to obtain this certificate. “A certificate confirms the group’s position as a leading African company in the production of
Morocco: Sonasid obtains EPD certification for long steel products Read More »
Morocco has decided to terminate safeguard measures on the imports of rebar and wire rods starting October 16, 2023. The cessation follows the completion of the safeguard measure’s full 10-year period, encompassing provisional measures, the initial application, and subsequent extensions. Morocco had implemented these safeguard measures, imposing a tariff of MAD 550 (USD 54) per
Morocco ends safeguard measures on rebar and wire rod imports Read More »
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 150.0 million tonnes (Mt) in October 2023, a 0.6% increase compared to October 2022. Africa produced 1.9 Mt in October 2023, up 3.5% on October 2022. Asia and Oceania produced 108.8 Mt, up 0.8%. The EU (27) produced 10.6
World crude steel production increased by 0.6% in October 2023 Read More »
The Secretariat General of the Arab Iron and Steel Union extends its deepest condolences and sincere sympathy to the brotherly Moroccan people and the victims’ families of the earthquake that struck the country, claiming the lives of many people, the injured and the missing, and left great destruction. Asking the Almighty God to inspire their
In June this year, Turkey’s total welded tube exports increased by 38.0% month-on-month to reach 201,678 tonnes and decreased by 11.0% year-on-year, according to data provided by the Turkish Statistical Institute (TUIK). The value of these exports amounted to $205.06 million, an increase of 33.4% on a monthly basis, and a decrease of 25.9% compared
Morocco leads the Arab countries importing steel tubes from Türkiye in H1 2023 Read More »
In May this year, Türkiye’s hot rolled steel coils total exports increased by 25.8% compared to April but decreased by 39.8% year-on-year to reach 83,336 tonnes, according to the Turkish Statistical Institute (TUIK). The value of these exports amounted to $63.54 million, which increased 28.7% monthly but down by 56.7% compared to 2022. From January
The Moroccan Ministry of Industry and Commerce announced the protective duties extension on hot-rolled steel imports. The decision came after a review investigation that started on January 26, 2023, at the request of the Moroccan Steel Company, the sole flat steel producer.
Steel sector in Morocco managed to achieve strong results last year despite many challenges and the unfavourable global geopolitical situation due to the Russian-Ukrainian war, large fluctuations in prices and supply chains interruption. Steel industry benefited from the commercial activity recovery after controlling the Coronavirus pandemic and the increase in demand as of huge investments
Morocco’s steel production rose by 26% in 2022 Read More »
The International Monetary Fund has slightly lowered its global growth forecast for 2023 as the pace of interest rate hikes slows, but warned that severe financial system disruptions could drive output to near-stagnation levels. The fund stated in its latest report on global economic prospects that the risks of spreading infection in the banking system
IMF forecasts for the economies of Arab countries for the year 2023 Read More »
The Moroccan Ministry of Industry and Trade issued a final decision imposing dumping duties on imports of galvanized wire from Turkey with a thickness of 0.85 mm based on a request dated January 26, 2022, from Somatref, Sicoterm, Galvafil, and Sodefer on behalf of the galvanized wire producers, and the investigation was closed on February
Morocco imposes duties of 21%-61% on galvanized steel wire from Turkey Read More »
After several years of imposing protective duties on HR flat steel imports, the Moroccan government intends to conduct an investigation aimed at maintaining the imposition of duties. Ministry of Industry and Trade announced the start of an investigation into extending the preventive measures imposed on flat steel products imports from January 26, 2023, according to
Morocco begins an investigation into a protection duty extension on flat steel imports Read More »
In November last year, Turkey’s total exports of hot-rolled (HRC) steel flats decreased by 34.8% to 71,116 tonnes compared to October and decreased by 54.0% year-on-year, according to the Turkish Statistical Institute (TUIK).
Turkey’s steel billet exports fell to a critical minimum in November 2023 as Turkey exported only 6,063 tonnes, according to the Turkish Statistical Institute (TUIK). The volume of exports decreased significantly on an annual basis and on a monthly basis, as pellet exports reached 47,297 tonnes in November 2021 and 46,944 tonnes in October 2022.
Morocco imports more than 50% of Turkey’s exports of billet Read More »
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
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
The rise in the GDP of the Arab countries in 2022, with Saudi Arabia in the lead 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, 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 »
The transactions of Maghreb Steel amounted to MAD 2.9 billion in H1 of 2022, an increase of 38% compared to the same period in 2021. Maghreb Steel announced that the transactions amounted to MAD 1.45 billion in Q2 of 2022, compared to MAD 1.09 billion in Q2 of 2021, explaining that this improvement is the
Maghreb Steel achieves record returns due to high prices Read More »
Turkiye registered a decline in June billet export for the second month in a row, continuing the downward trend of January-June 2022 in international trade. Local steelmakers exported 79,946 t of billet in June, reducing shipments by 12.3% year-on-year, according to the Turkish Statistical Institute (TUIK).
Morocco is the top importer of Turkish billet in H1 2022 Read More »
In May this year, Turkey’s steel exports decreased by 19.7% year on year to 1.63 million tonnes, while the value of exports increased by 11% year on year to reach $1.9 billion. According to CIB data, Turkey’s total steel exports amounted to 8.78 million tonnes in the first five months of 2022, down by 2.6%
Turkey’s steel exports fell in January-May, while they rose to Egypt and Morocco Read More »
Consolidated sales were MAD 4.49 billion at the end of December 2021, up 43% compared to 2020 and 24% compared to 2019, helped by the recovery in demand and a favorable pricing effect. Consolidated revenue for the fourth quarter was 1.38 billion dirhams, up 32% year-on-year. Sonasid continues its investment efforts, on the one hand
Strong growth in SONASID sales in 2021 Read More »
Morocco’s Ministry of Industry and Trade has announced the results of the investigation for the extension of safeguard measures on imports of wire rod and rebar. The ministry has decided to extend the measures for imports of rebar and wire rod until October 15, 2023. The investigation was provoked on August 17, 2021, and closed
Morocco extends safeguard measures on rebar and wire rod Read More »
The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 238 10 mm Kuwait Ton 238 12 mm Kuwait Ton 238 14 mm Kuwait Ton 238 16 mm Kuwait Ton 238 Domestic Rebar Size Origin
Prices of Rebar in Kuwait Read More »
Having been protected by trade measures for seven years, Moroccan steel producers call for the prolongation of existing safeguards for long and flat products. The local authorities have decided to satisfy the request and already started respective proceedings. The Ministry of Industry, Trade, Investment and Digital Economy opened on August 17, 2021 two separate cases
Moroccan mills insist on extension of safeguards both for longs and flats Read More »
The Ministry of Industry, Trade and Investment and the Digital Economy in Morocco announced its decision on a 36,000 t quota distribution among consumers of downstream flat steel products in 2021. Allocation for CRC is 32,400 t, while for coated steel 3,600 t out of the total figure, same as in 2020, according to the
Morocco distributes duty-free quota for CRC and coated steel importers Read More »
