Emirates Steel, part of the EMSTEEL Group, has announced an increase in rebar prices for December production by AED 50 ($14) per tonne to AED 2,610 ($711) per tonne for delivery in Abu Dhabi and AED 2,618 ($713) per tonne for delivery in Dubai, Sharjah and the Northern Emirates. These prices do not include 5% […]
Emirates Steel Raises Rebar Prices in December Read More »
Tosyali Algeria’s flat plate factory entered service late last October with a production capacity of 2.5 million tons per year. Alp Topkyoglu explained that Tosyali Algeria’s flat plate factory entered service late last October with a production capacity of 2.5 million tons per year. It includes a direct reduction, smelting and hot rolling unit, awaiting
According to the data released by the World Steel Association (worldsteel), global direct reduced iron (DRI) production in the 13 countries accounting for approximately 91.4% of total world DRI production in 2023 amounted to 12.84 million metric tons in October this year, increasing by 19.9% month on month and by 17.1% year on year. Meanwhile,
Global DRI output up 17.1% in October 2024 Read More »
In Nouadhibou, His Excellency the President of the Republic, Mr. Mohamed Ould Cheikh El Ghazouani, supervised, as part of the celebrations marking the 64th anniversary of National Independence Day, the inauguration of a new mineral shipping line for ships at the Nouadhibou Mineral Port. This achievement consists of a rotary dredger with a capacity of
SNIM: Inauguration of a new shipping line at the Nouadhibou Mineral Port Read More »
German Economy Minister Robert Habeck has called for easing the burden on the country’s steel sector, against the backdrop of Thyssenkrupp Steel Europe’s intention to eliminate thousands of jobs in the coming years. Thyssenkrupp Steel Europe is Germany’s largest steel company, and its majority shares are owned by the Thyssenkrupp Group. “The company’s decision is
German Economy Minister Calls for Easing the Steel Sector Read More »
A survey of 18 major steelmakers has shown that major steelmakers around the world are lagging behind in the transition to low-carbon production, with some still relying entirely on fossil fuels for energy. Steel accounts for 7% of global carbon dioxide emissions, roughly the same as India, with coal-fired blast furnaces producing 2,000 tonnes of
Report: Steel majors heavily reliant on fossil fuels Read More »
The Iron and Steel Company for Mines and Quarries announced achieving total sales in last October worth EGP 36.67 million. The company explained, in a statement to the Egyptian Stock Exchange today, that the sales of the Bahariya Oasis mines in October amounted to EGP 36.26 million. It added that the value of sales of
Egypt: EGP 36.7 million in iron and steel sales for mines in October Read More »
The world’s largest steelmaker has shelved plans to begin introducing green hydrogen into the industry, amid volatility in cost estimates and the future of the clean fuel in Europe. According to the hydrogen sector updates of the Washington-based energy platform, ArcelorMittal had prepared a package of projects aimed at reducing carbon from its portfolio, including
World’s largest steelmaker backs off on hydrogen integration Read More »
Thyssenkrupp Steel plans to cut its steel workforce by 40%, warning that oversupply in Europe and rising cheap imports from China are adding to challenges for German industry. Germany’s largest steelmaker said on Monday it aims to cut around 5,000 jobs by 2030 through production and management changes, with another 6,000 jobs transferred to external
Thyssenkrupp to cut 40% of steel workforce Read More »