Newsletter 13-2023
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Newsletter 13-2023 Read More »
April 3, 2023
Oil prices jump above $80 a barrel after OPEC+ cuts
Oil prices rose sharply after OPEC + announced sudden production cuts, and US oil futures contracts jumped by more than $6 to $81.69 a barrel, and Brent crude futures jumped more than $6 to record $86.44 a barrel. On Sunday, April 2, Saudi Arabia and other oil producers in the OPEC + group announced voluntary
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The last update of rebar prices in Egypt is April 03, 2023
According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 27,000 EGP – 38,500 EGP , as some companies raised their prices compared to last week. The prices of Ezz Steel amounted to 32,135 EGP , Suez Steel 32,050 EGP , Beshay Steel 38,500 EGP , Elmarakby Steel 34,000
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Report: The resurgence of iron ore prices amid low inventories in China
May iron ore futures, which is the most heavily traded on the Dalian Commodity Exchange, for the week of March 24-31, 2023, rose 4.8% from the previous week – to 907 Yuan/t ($132.13/tonne). This put iron ore quotations back on the rise after two weeks of decline. On the Singapore Exchange, May futures contracts, as
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Iraq: State Company for Iron and Steel and Ibn Majid sign a steel plant equipment installation contract
State Company for Iron and Steel and Ibn Majid General Company signed a steel plant equipment installation contract in the company. The Director General of State Company for Iron and Steel , Abbas Hayal, explained to the National Iraqi News Agency, based on the Prime Minister’s directives, Eng. Mohammed Shia Al-Sudani. And within the plan