The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2022 and 2023. worldsteel forecasts that steel demand will grow by 0.4% in 2022 to reach 1,840.2 Mt after increasing by 2.7% in 2021. In 2023 steel demand will see further growth of 2.2% to reach 1,881.4 Mt. The current forecast is …
Tosyali Algeria will equip its steel complex, located in Bethioua (Oran), with a photovoltaic power plant. Indeed, Alp Topcuoglu, a member of the Board of Directors of Tosyali Algeria, accompanied by his adviser Hamid Gasmi, were received by the Minister of Energy Transition and Renewable Energies, Mr Benattou Ziane. The latter expressed his availability to …
Tosyali Algeria aims to manufacture green steel through a photovoltaic power plant Read More »
On April 19, the International Monetary Fund reduced its forecast for global economic growth during 2022 and 2023 by 0.8% and 0.2% respectively, compared to the update of the global economic prospects in January, by 3.6% in the two years. In the latest World Economic Outlook report released on April 19 during the Spring Meetings …
IMF lowers its forecast for global economic growth to 3.6% in 2022 Read More »
The International Monetary Fund revealed in a report its latest forecast for the Saudi economy for 2022. It was stated in the “World Economic Outlook” report issued by the Fund on April 19. According to the report, the International Monetary Fund raised its forecast for the growth of the Saudi economy in 2022 to 7.6 …
IMF reveals its expectations for the Saudi economy in 2022 Read More »
Sources revealed that Al-Ashry Steel Group acquired all the shares of the Arab Company for Special Steel (Arco Steel), which is affiliated to the National Bank of Egypt. The deal took place in several segments during the past three months. The “Al-Ashry Steel” Group’s acquisition of “ArcoSteel” came within the framework of its expansion plan, …
Al-Ashry Steel Group acquires the Arab special steel company (Arcosteel) Read More »
Natural gas prices in the United States of America recorded a new record high, reaching the highest level in 13 years.Futures jumped 10%, to trade as high as $8.05 per million British thermal units, the highest level since 2008, according to the American network “CNBC”. Over the course of the year, US natural gas prices …