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The conclusion of the work of the of ” 2nd Saudi Iron & Steel Conference” in Riyadh

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The “2nd Saudi Iron & Steel Conference” concluded its work today successfully with a remarkable attendance of nearly 1,000 participants, which was organized by the National Committee for Steel Industry of the Federation of Saudi Chambers at the Four Seasons Hotel in the capital, Riyadh, under the patronage of His Excellency the Minister of Industry …

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Saudi Arabia announces 3 new projects in the iron and steel sector worth 35 billion riyals

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Today, Monday, the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef, announced three new projects in the Saudi iron and steel sector worth 35 billion riyals. During the second Saudi International Iron and Steel Conference, the minister said that the production capacity of new projects in Saudi Arabia is 6.2 million tonnes of iron …

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Rebar prices in Saudi Arabia

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According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia decreased in May 2022 to 4278.38 riyals, down by 14 riyals compared to the price of April 2022, which amounted to 4292.81 riyals, and up by 927 riyals compared to May 2021, which amounted to 3351.19 riyals. …

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Chairman of the National Committee: Iron and steel is a strategic sector and the backbone of development in Saudi Arabia

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The National Committee for the steel industry in the Federation of Saudi Chambers has joined the Arab Iron and Steel Union, the largest Arab gathering of iron producers in Algeria; this enhances the Kingdom’s place and position in the Arab world in the iron industry. The Chairman of the National Committee for the steel industry …

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Al-Ittefaq Steel

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Saudi Arabia Al-Ittefaq Steel Al-Ittefaq Steel – one of the largest and reputed steel manufacturers in GCC. The integrated facility – embraced with State-Of-Art technologies, skilled manpower, continuous innovation/investments and social responsibilities. The largest private sector steel manufacturer in KSA responsible and responsive to the country, communities and environments in which it works. We have production facilities that deliver …

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Average prices of steel and cement in Saudi Arabia in February 2022

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According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in February 2020 to 3591.70 riyals, up by 12  riyals compared to the price of January 2022, which amounted to 3579.34 riyals, and up by 118 compared to February 2021, which amounted to 3473.7 riyals. As …

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“Watani Steel” profits rise 51.4% in 2021, supported by sales

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Watani Iron and Steel Company “Watani Steel” achieved a net profit increase of 51.4% during the year 2021 on an annual basis. According to the company’s financial statements issued March 1 on the Saudi Tadawul website, the net profit amounted to 47.06 million riyals after zakat and tax, compared to 31.08 million riyals in 2020. …

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Saudi GDP grows by 6.8% in fourth quarter – flash estimates

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Saudi Arabia’s gross domestic product grew by 6.8% in the fourth quarter, bringing overall growth last year to 3.3%, official flash estimates showed on Thursday. The quarter’s growth was driven by a 10.8% rise in oil activities and a 5% increase in non-oil activities, the General Authority for Statistics said. Government services increased by 2.4%. …

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 World crude steel production increased by 3.6% in 2021 , Egypt is the first in the Arab world

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.7 million tonnes (Mt) in December 2021, a -3.0% decrease compared to December 2020. despite the decline in production in December, The world production of steel crude up by 3.6% compared to production in 2020. Crude steel production in …

 World crude steel production increased by 3.6% in 2021 , Egypt is the first in the Arab world Read More »

“Saudi Pipes” wins contracts to supply pipes in Uruguay with 52.4 million riyals

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Saudi Pipes Company announced that it has won contracts to supply steel pipes for oil and gas to Tenars Global Service in Uruguay, with an estimated value of 52.4 million riyals. The company said in a statement posted on the Saudi market website, “Tadawul”, that the contract term is 3 months. It expected that the …

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Hadeed Sabic Signs Mou With Red Sea Development Company To Explore Possibility Of Steel Supplies

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SABIC affiliate Hadeed and The Red Sea Development Company (TRSDC) have signed a Memorandum of Understanding (MoU) to initiate discussions on the possibility of steel supplies and solutions for the Red Sea project and to set a framework for knowledge exchange. The MoU, signed at SABIC headquarters in Riyadh on November 14, reflects SABIC’s continued …

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SABIC announces carbon neutrality strategy at “Green Saudi” initiative forum

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SABIC unveiled its global strategy towards carbon neutrality at the inaugural Saudi Green Initiative (SGI) Forum, which took place under the patronage of His Royal Highness Crown Prince Mohammed Bin Salman in Riyadh. With the theme “A new era of action: Oasis Alive”, the invitation-only event was attended by a high-level delegation from the company …

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To reduce emissions .. a Voluntary Exchange Platform for Carbon Credits within the Middle East and North Africa Region

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As a continuation of latest announced initiatives and projects, which contribute to the reduction of climate change effects, the Public Investment Fund (PIF) in collaboration with the Saudi Tadawul Group today announced an intent to establish Riyadh Voluntary Exchange Platform for offsets and carbon credits within the Middle East and North Africa Region. This initiative …

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