According to the General Authority for Statistics, the average iron price per tonne in the Kingdom of Saudi Arabia in January 2023 ranged between 3063.65 – 4284.07 Saudi riyals, a decrease between -0.26% – 1.65% compared to December 2022, and a decline between -0.4% – 12.38% compared to January 2022. Average prices and monthly and …
Average rebar prices in the Kingdom of Saudi Arabia during January Read More »
According to the preliminary data announced by the World Steel Association on world production (64 countries) during December 2022, crude steel production amounted to 140.7 million tonnes, a decrease of -10.8% compared to December 2021 production. Africa produced 1.1 million tons in December 2022, down by -8.9% from December 2021. Asia and Oceania produced 104.9 …
World’s crude steel production declined by 4.3% and Egypt leads the Arab countries. Read More »
According to the General Authority for Statistics, the average price of a ton of iron in the Kingdom of Saudi Arabia in December ranged between 3368.63 – 4282.66 Saudi riyals, with up and down between -3.14% – 0.71% compared to November 2022, and a decrease between -10.34% – 0.29% compared to December 2021. Average Prices …
Average price of rebar in the Kingdom of Saudi Arabia Read More »
The Saudi Arabian Mining Company (Ma’aden) has signed a set of agreements aimed at increasing its exploration and mining capabilities inside and outside the Kingdom, according to data sent by the company to the Saudi market. The announcement of these agreements comes in light of Saudi Arabia’s interest in maximizing the utilization of its mineral …
Saudi Arabia: Ma’aden signs new agreements to expand locally and internationally Read More »
The Saudi capital, Riyadh, will host an international mining conference with the participation of more than 200 speakers from different countries of the world. It will be held under the auspices of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz. The conference will discuss several topics in the mining sector, including global …
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, …
$186.8 billion is the contribution of “building and construction” to the Arab economies Read More »
The preliminary financial results of Al Yamamah Steel Industries Company “Yamamah Steel” revealed that it turned into a loss during the fiscal year ending on September 30, 2022, compared to a net profit that the company recorded in the same period last year. According to the company’s preliminary financial results, the net loss after zakat …
“Yamamah Steel” turns to losses in the fiscal year ending in September 2022 Read More »
According to the preliminary data announced by the World Steel Organisation about world production (64 countries) during November 2022, crude steel production amounted to 139.1 million tonnes, a decrease of 2.6% compared to November 2021 production. Africa produced 1.3 million tonnes of crude steel in November 2022, down by -11.4% from November 2021. Asia and …
World crude steel production declined by -2.6% in November 2022 Read More »
According to the General Authority for Statistics, the average price of a ton of iron in the Kingdom of Saudi Arabia in November ranged between 3,311.33 – 4,306.44 Saudi riyals, with up and down between -0.48% – 0.18% compared to October 2022, and a decrease between –0.96% – -6% compared to November 2021. Average Prices …
The Saudi Steel Pipe Company, “Saudi Pipes”, intends to acquire an additional 35% ownership stake in Al Alamiah Pipes at $9.9 million. Al Alamiah Pipe Company is a Saudi steel pipe manufacturing company, in which Saudi Pipes currently owns a 35% stake, and EW Holding GmbH & Co KG (EEW) owns a 35% stake. And …
Saudi Pipes intends to acquire a 35% stake in Al Alamiah Pipe Company Read More »
According to the General Authority for Statistics, the average price of a ton of iron in the Kingdom of Saudi Arabia in October ranged between 3189.14 – 4285.41 Saudi riyals, with an increase of 1.02% – 5.15% compared to September 2022, and a decrease between -0.14% – -1.76% compared to October 2021. Average Prices monthly …
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.3 million tonnes (Mt) in October 2022, with the same production as October 2021. Africa produced 1.4 Mt in October 2022, up 2.3% on October 2021. Asia and Oceania produced 107.3 Mt, up 5.8%. The EU (27) produced 11.3 …
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 Manama, the Kingdom of Bahrain, the Union honoured the companies participating in the International Iron and Steel Exhibition on the fiftieth anniversary of the establishment of the …
Honouring the companies participating in the International Iron and Steel Exhibition 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 »
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 in the Kingdom of Bahrain, the chairmen of the union were honored on the occasion of the fifty years since the founding of …
Honoring the chairmen of Arab Iron and Steel Union Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes (Mt) in September 2022, a 3.7% increase compared to September 2021. Africa produced 1.4 Mt in September 2022, up 1.0% on September 2021. Asia and Oceania produced 113.0 Mt, up 10.6%. The EU (27) produced 10.7 …
World crude steel production increase by 3.7 % in September 2022 Read More »
The Arab Iron and Steel Union concluded the work of the fifth meeting of the Economic Committee in Jeddah – Kingdom of Saudi Arabia, which was held from 17-18 October. The meeting was attended by representatives of the following countries: the Algerian Republic – the State of Kuwait – the United Arab Emirates – the …
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 »
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 …
