In 2024, Qatar Steel’s sales volume amounted to approximately 2.7 million tons of various products, an increase of 38.1% year-on-year, according to the corporate report. DRI/HBI came in first place with a volume of approximately 1.4 million tons and a percentage of 53% of the sales volume and an increase of 167% compared to sales …
Qatar Steel’s sales of DRI/HBI increased by 167% in 2024 Read More »
At the third India-Japan Steel Dialogue in New Delhi this week, Japan asked India to exempt it from a proposed safeguard duty that India is considering to curb the flow of steel imports. The request, which is aimed at protecting supplies of specialty steel alloys essential to Indian industries, was made. A probe into whether …
Japan seeks exemption from India’s potential steel import tax Read More »
Emsteel Group has forged strategic partnerships to pioneer streamlined raw material transport and cross-border rail connectivity in the GCC, while fostering economic collaboration between the UAE and Oman. The landmark agreements highlight a shared commitment to efficient, sustainable transportation of raw materials critical to EMSTEEL’s cement production, while also aligning with the UAE’s Operation 300bn …
EMSTEEL Expands Regional Collaboration with UAE-Oman Raw Material Logistics Agreement Read More »
Fujian Kebao Metal Products Co., Ltd., a subsidiary of Fujian Sanbao Group, has awarded SMS contracts for two tinplate continuous annealing lines (TIN CALs). This marks a significant step in Sanbao Group’s effort to expand into the high-end, food-grade tinplate market, addressing the growing domestic and global demand. The two lines will be installed at …
In December last year, Turkey’s rebar export volume increased by 4.2% year on year and by 16.1% month on month to 360,954 metric tons, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these exports totaled $206.35 million, up 4.7% year on year and by 14.4% month on month. In …
Turkish rebar exports stable in 2024, Yemen in the lead Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,500, El Komy Steel EGP 32,500, …
Egypt’s rebar production witnessed a remarkable increase in the past month of December, as it exceeded one million tons for the first time and reached 1.025 million tons, an increase of 58% compared to the production of December 2023, accompanied by an increase in rebar sales, which recorded 876 thousand tons in December 2024, by …
Rebar production in Egypt witnesses record numbers in December 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $349/ tonne, $9 up compared to last week’s prices. and iron ore prices $105/ tonne, unchanged from last week’s prices. While the prices of billets ranged between 430 – 445 Dollars per tonne, while it was between 435 – 455 dollars …
Ezz Steel Company announced stability in prices starting from February 1, 2025 for the Fifth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.28 EGP
In December, Turkey’s iron and steel exports ranked sixth among the country’s products with the highest export value, totaling $928.05 million, up by 11.3% year on year. According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). Meanwhile, in the given month the value of exports of articles of iron or …
Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been reduced by SAR 70 (USD 18) per ton to SAR 2,370 (USD 631) per ton. Above prices are …
Hadeed updates long steel prices for February deliveries Read More »
The rebar market in Saudi Arabia witnessed a decline in prices in most months of the year 2024 compared to the same period in 2023. The average price of rebar in 2024 amounted to about 2903.81 riyals, a decrease of 3.1% compared to the average price of the same rebar in 2023, which amounted to …
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 33,500, El Komy Steel EGP 32,700, …
Emirates Steel, a part of the EMSTEEL group, has announced stable rebar prices for February production. The price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai, Sharjah, and the Northern Emirates are offered at AED 2,668 (USD 726) per ton. These prices are exclusive …
Emirates Steel maintains rebar prices for February 2025 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne, $7 up compared to last week’s prices. and iron ore prices $105/ tonne, $1 up compared to last week’s prices. While the prices of billets ranged between 435 – 455 Dollars per tonne, while it was between 435 – …
Some steelmakers in Canada and Mexico have told customers they are turning down new orders from the United States over concerns that President Donald Trump will soon reimpose tariffs. Canadian steelmaker Steelco Inc. has told U.S. consumers it has halted sales offers, according to a person familiar with the matter. Steel suppliers in Mexico also …
Steelmakers in Canada, Mexico Refuse Down New U.S. Orders Read More »
Egyptian long steel producer El Marakby Steel has received technical approval for rebar exports to Brazil from the Falcao Bauer Quality Institute, the company announced in a statement. The certification confirms El Marakby Steel’s ability to produce steel rebar in various grades ranging from 6.3mm to 32mm while adhering to the ABNT NBR 7480:2007 quality …
Egypt: El Marakby Steel expands its exports by obtaining a certificate from Brazil Read More »
In 2024, China’s hot rolled coil (HRC) production amounted to 213.542 million mt, increasing by 3.8% year on year, according to China’s National Bureau of Statistics (NBS). In the same period, China’s cold rolled coil (CRC) production totaled 47.407 million mt, up 3.8% year on year. In December alone, China’s hot rolled coil (HRC) production …
China’s manufacturing sector’s share of total steel consumption is set to rise in 2024, with demand from the new energy and infrastructure sectors increasing. Yao Lin, chairman of the China Iron and Steel Association, said at a press conference on Monday that the manufacturing sector’s share of steel consumption rose to 50% last year from …
China’s manufacturing sector’s share of total steel consumption rises to 50% Read More »
South Korea’s Trade Commission has announced the preliminary results of its antidumping investigation on imports of stainless steel plate from China, covering the period between January 1, 2023, and December 31, 2023. Accordingly, the commission has decided to impose provisional antidumping measures in order to prevent further injury to the domestic industry caused by dumped …
S. Korea imposes provisional AD duty on stainless steel plates from China Read More »
Algerian-Qatari Steel Company, located in the industrial zone “Bellara” in the municipality of El Milia (Jijel Province), announced the export of about 700 thousand tons of iron products in the past year 2024. In a statement by the company’s Deputy General Manager, Sofiane Chaib Seti, he explained that the Algerian-Qatari Steel Company was able to …
Algerian-Qatari Steel Company exports about 700 thousand tons of steel products in 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,300, El Komy Steel EGP 33,600, …
In a move aimed at localizing one of the most important elements of the value chains in the metal packaging industry, the National Industrial Company and the Chinese DHX Group signed an agreement to establish the first integrated tinplate production plant in Saudi Arabia. The plant, whose establishment agreement was signed on the sidelines of …
According to the prices announced in the global steel markets, scrap prices amounted to $333/ tonne, $11 down compared to last week’s prices. and iron ore prices $104/ tonne, $6 up compared to last week’s prices. While the prices of billets ranged between 435 – 455 Dollars per tonne, while it was between 435 – …
According to the notification received by the World Trade Organization, Morocco has decided to end safeguard measures on imports of cold rolled sheets and plated or coated sheets applicable as of December 31, 2024. The measures have been implemented for ten years. The safeguard measures consist of an additional ad valorem duty of 13.75 percent …
Morocco terminates safeguard measures on CRS and coated sheets after 10 years Read More »
Rebar prices in Egypt this week ranged between EGP 32,700 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,500, El Komy Steel EGP 34,000, …
In 2024, China’s finished steel exports rose by 22.7% year on year to 110.716 million mt, compared to a 22.6% increase in the first 11 months of the year. The 2024 figure represents a nine-year high, after steel exports peaked at 112 million mt in 2015. The total figure for 2024 was even higher than …
China’s steel exports exceed 110 million mt in 2024 Read More »
Malaysia has imposed provisional anti-dumping duties on some exports of flat-rolled iron products or non-alloy steel from China, India, Japan and South Korea, the trade ministry said. The duties, which take effect from Jan. 11 and initially run for up to 120 days on products with a width of more than 600 mm (24 inches), …
Malaysia clamps anti-dumping duties on iron, steel from four nations Read More »
Morocco is preparing to apply a set of new technical standards on imported iron and steel products, with the aim of protecting the national economy from unfair practices. This step comes at a time when local industries are facing major challenges as a result of unfair trade practices from some countries. Starting from January 21, …
To combat dumping, Morocco applies new standards on iron and steel imports Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $344/ tonne, $5 down compared to last week’s prices. and iron ore prices $98/ tonne, $1 down compared to last week’s prices. While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between 440 – …