In November last year, Turkey’s hot rolled coil (HRC) imports amounted to 366,419 metric tons, up by 32.9% compared to October and by 30.3% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports totaled $204.22 million, increasing by 23.4% compared to the previous …
Turkey’s HRC imports down 16.0% in January – November 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 34,000 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,700, El Komy Steel EGP 34,500, …
Al-Oula Steel Manufacturing Company announced its official entry into the subsidized building materials market in Kuwait, in line with Ministerial Resolution No. 222 of 2024 issued by the Ministry of Commerce and Industry, which is considered an important step to reduce the financial burdens on coupon owners. The new resolution aims to achieve greater efficiency …
Al-Oula Steel enters the subsidized building materials market in Kuwait Read More »
India’s imports of finished steel from China hit an eight-year high, raising concerns among domestic steelmakers. The government has launched an investigation into whether to impose safeguard duties on steel imports to protect the domestic industry. The Indian Steel Association said in a statement published by Platts that the surge in imports has caused “serious …
India’s imports of Chinese steel hit 8-year high Read More »
Maghreb Steel , the largest producer of flat steel in Morocco, reported a 10% increase in revenues in the period from January to September 2024 compared to the same period last year, driven by strong domestic sales. The company’s sales revenues increased to MAD 3.854 billion (US$ 375 million) between January and September 2024, compared …
Maghreb Steel’s Revenue Increases in January-September 2024 Read More »
Saudi Iron and Steel Company (Hadeed) announced unchanged prices for long steel products for January 2025 deliveries. The price of rebar (12-32 mm) remained at SAR 2,400 ($639) per tonne, and wire rod prices (6.5-16 mm) will remain stable at SAR 2,440 ($649) per tonne. The above prices are based on Riyadh CPT, excluding 15% …
Saudi Iron and Steel Company (Hadeed) maintains rebar prices for January 2025 Read More »
Rebar prices in Egypt this week ranged between EGP 34,000 – 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 34,700, El Komy Steel EGP 34,500, …
The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty (AD) orders on rebar from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine. The DOC found that revocation of the antidumping duty orders on the given product from the given seven countries would likely to lead …
US to continue AD duty on rebar from 7 countries Read More »
In November this year, Japan’s iron and steel product exports amounted to 2.49 million metric tons, decreasing by 1.3% month on month and 3.7% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). In the January-November period this year, Japanese iron and steel product exports amounted to …
Japan’s steel exports down 4.1% in January-November 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $350/ tonne, $1 down compared to last week’s prices. and iron ore prices $99/ tonne, $1 down compared to last week’s prices. While the prices of billets ranged between 440 – 465 Dollars per tonne, while it was between 440 – …
Steel prices in the fourth week of December 2024 Read More »
Emirates Steel, part of the EMSTEEL group, has increased rebar prices for January 2025 production by AED 50 (USD 13) per ton. The revised prices are set at AED 2,660 (USD 724) per ton for deliveries to Abu Dhabi and AED 2,668 (USD 726) per ton for shipments to Dubai, Sharjah, and the Northern Emirates. …
Emirates Steel announces January 2025 rebar prices with an increase AED 50 Read More »
Egypt’s crude steel production in November decreased by 11% compared to last October to 842,000 tons, and by 9% compared to November 2023, accompanied by a decrease in the rebar production by 10% compared to last October to 763,000 tons, and by 3% increase compared to November 2023. As for local market consumption, rebar sales …
Egypt: Rebar production, consumption and prices to decline in November 2024 Read More »
In November this year, China’s stainless steel imports amounted to 130,200 mt, down 17.71% month on month, while declining by 1.82% year on year, according to China’s customs authorities. In November, China’s stainless steel exports totaled 439,300 mt, down 5.25% month on month, while rising by 22.96% year on year. In the January-November period this …
China’s stainless steel exports up 20.43% in Jan-Nov 2024 Read More »
Building materials prices varied between increases, decreases and stability in Dubai in the third quarter of this year 2024, according to what was revealed by the “Dubai Statistics Center” (Dubai Digital). The prices of ready-mix concrete in its two parts: Portland regular Newton 40 increased by 2%, equivalent to 5 dirhams per cubic meter, to …
Report: Building materials prices in Dubai vary in Q3 of 2024 Read More »
The Canada Border Services Agency (CBSA) has announced the final determination in its anti-dumping (AD) investigation concerning rebar imports from the UAE, Bulgaria, and Thailand. In its findings, the CBSA assigned UAE-based Conares a final dumping margin of 4.2pct, a significant increase from the preliminary margin of 0.4pct issued earlier. Thai Steel Profile Public Company …
Canada Sets Anti-Dumping Duty on Rebar Imports from UAE, Bulgaria, Thailand Read More »
Rebar prices in Egypt this week ranged between EGP 34,000 – 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 35,000, El Komy Steel EGP 34,700, …
According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 87,770 mt in October this year, up 56.4% month on month and down 8.2% year on year. By value, rebar imports totaled $52.4 million in October this year, compared to $26.3 million in September and $56.5 million in October …
US rebar imports up 56.4% in October, Algeria leads Read More »
Sources in the iron and steel industry in Egypt said that the country’s steel production in the first 10 months of this year approached 9 million tons, an increase of 5% year-on-year compared to the production of the corresponding period last year, according to “Al Arabiya Business”. The sources added that the quantities of steel …
Egypt’s steel production to rise to 9 million tons in January-October 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $351/ tonne, $3 up compared to last week’s prices. and iron ore prices $100/ tonne, $4 down compared to last week’s prices. While the prices of billets ranged between 440 – 465 Dollars per tonne, while it was between 440 – …
According to preliminary census data from the US Department of Commerce, US monthly steel imports in October this year up 10.7% from September and up 8.2% year on year to total 2,174,363 mt. According to the American Iron and Steel Institute (AISI), the share of imports in the US steel market in October 2024 was …
In January-November 2024, Ukraine’s flat steel imports increased by 7.8% compared to the same period in 2023, reaching 895.67 thousand tons. This is according to the State Customs Service. Coated steel products (HS 7210) accounted for the largest share of imports with a volume of 426.35 thousand tons, up 4.7% year-on-year. Hot-rolled flat steel products …
Ukraine’s flat steel imports up 7.8% in January-November 2024 Read More »
The rebar market in Saudi Arabia witnessed a decrease in prices in the first eleven months of 2024 compared to the same period in 2023. The average price of rebar in January-November of current year amounted to 2899.11 riyals, a decrease of -3.5% compared to the average for the same period in 2023, which amounted …
Rebar prices in Saudi Arabia decreased by 3.5% in January-November 2024 Read More »
Talks were held between Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, and Tian Haikui, Chairman of “Chinese steelmaker XinFeng”, within the framework of discussing the latest developments in the plan to establish an integrated industrial complex with a total area within the integrated Sokhna area, affiliated …
Egyptian-Chinese talks to establish HRC and CRC factories Read More »
Egypt’s iron and steel exports declined in January-October of this year to record $1.695 billion, a decline of 13%, compared to the same period in 2023, which amounted to $1.942 billion. A report issued by the Export Council for Building Materials, Refractories and Metal Industries revealed that the total number of countries to which exports …
Egypt’s iron and steel exports decline by 13% in January-October 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 34,000 – 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 36,000. Garhy Steel EGP 36,800, Misr Steel EGP 35,000, El Komy Steel EGP 34,700, …
According to the prices announced in the global steel markets, scrap prices amounted to $348/ tonne, $11 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 440 – 465 Dollars per tonne, while it was between 435 …
Steel prices in the second week of December 2024 Read More »
The first slabs and coils have been produced by South African steel producer Scaw Metals, at its Johannesburg Works. The purpose for investing in this brownfield project has been to expand the product portfolio to include flat products and to increase production capacity, making the plant a center of excellence for flat products in sub-Saharan …
Modon and Emsteel Group have entered into a strategic partnership that embodies Modon’s ambitious vision to become the first real estate developer in the UAE to rely on sustainable steel. This collaboration underscores the pivotal role played by Emsteel and Modon in driving the construction sector towards a more sustainable and carbon-free future. In line …
Emsteel and Modon Partner to Adopt Sustainable Steel in the Construction Sector Read More »
In November this year, China’s finished steel exports amounted to 9.278 million mt, down 17.0% month on month and rising by 15.8% year on year, according to the latest data released by China’s General Administration of Customs (GACC). In the January-November period this year, China’s finished steel exports rose by 22.6% year on year to …
China’s steel exports up 22.6% in January-November 2024 Read More »
In October this year, Turkey’s hot rolled coil (HRC) exports amounted to 150,831 metric tons, down by 33.3% compared to September and by 27.2% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $92.66 million, decreasing by 34.4% compared to the …
Turkey’s HRC exports increase by 100.3% in January – October Read More »