According to the prices announced in the global steel markets, scrap prices amounted to $337/ tonne, $1 down compared to last week’s prices. and iron ore prices $104 / tonne, $5 down compared to last week’s prices. While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between 445 …
German Chancellor Olaf Scholz has called for stronger EU measures against steel imports, saying he wants to secure the long-term future of Germany’s industry. “We must protect our companies from being dumped with steel from abroad. That’s why I call on the European Commission to take action: We need greater protection for Europe,” Scholz said …
Scholz calls for stronger EU measures against steel imports Read More »
The orders received by the struggling German steel industry during the summer months fell compared to last year, due to the strong increase in energy prices due to geopolitical conditions. The Federal Statistical Office explained that the value of orders received by the sector in the third quarter of this year decreased by 4% compared …
Jordan Steel Company announced rebar prices for December 2024. The prices for Grade 60 EXW, between 457 and 465 dinars per tonne, excluding sales tax. However, with sales tax, it is between 530 and about 540 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes Sales / tonnes Min Max …
Jordan Steel announces rebar prices for December 2024 Read More »
The Tata Steel wire rod line in Gamharia, Jamshedpur, India, is running at higher operational efficiency and delivering better wire rod quality. The upgrading project consisted of the supply and installation of two shearing units –a new crank shear and a new rotary shear– and also included an electrical and automation package by Danieli Automation. …
Danieli wire rod line modernization at Tata Steel Gamharia Read More »
In the January October period this year, Turkey’s foreign trade deficit went down by 30.1% year on year to $65.85 billion according to the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs. In October, Turkey’s iron and steel exports ranked ninth among the country’s products with the highest export value, totaling $763.86 million, …
Turkey’s steel export value up 15.8% in January-October Read More »
Rebar prices in Egypt this week ranged between EGP 34,500 – 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 36,800. Garhy Steel EGP 36,800, Misr Steel EGP 35,500, El Komy Steel EGP 35,000, …
In October this year, Japan’s iron and steel product exports amounted to 2.52 million metric tons, decreasing by 4.1% month on month and 6.4% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). In the January-October period this year, Japanese iron and steel product exports amounted to …
Japan’s steel exports down 4.1% in January-October Read More »
Saudi Iron and Steel Company (Hadeed) has announced updated long steel prices for December deliveries. The price of rebar (12-32 mm) will rise by SAR 50 (USD 13) per ton, bringing it to SAR 2,400 (USD 639) per ton. Meanwhile, wire rod (6.5-16 mm) prices will remain unchanged at SAR 2,440 (USD 649) per ton. …
Hadeed announces increase in rebar prices for December deliveries Read More »
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% …
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 prices announced in the global steel markets, scrap prices amounted to $338/ tonne, $6 down compared to last week’s prices. and iron ore prices $105 / tonne, $5 up compared to last week’s prices. While the prices of billets ranged between 445 – 475 Dollars per tonne, while it was between 455 …
The US Commerce Department has approved a tariff increase on Nippon Steel, as the Japanese steelmaker promised to fight imports to secure support for its $14.1 billion deal to acquire US Steel. The Commerce Department imposed a 29% anti-dumping duty on Nippon Steel for selling hot-rolled steel in the United States at below-normal prices from …
Egypt’s steel exports declined in January to September of this year to $1.46 billion, a decline of 18% compared to same period last year. Exports fell by about 11.5% in terms of quantities to 2.25 million tons. The value of steel imports in January – September of this year increased by 33% to $4 billion, …
Egypt’s steel exports decline, imports increase in Jan. – Sep. 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 35,000 – EGP 40,700. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 40,700, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 35,500, El Komy Steel EGP …
According to the prices announced in the global steel markets, scrap prices amounted to $356/ tonne, $8 down compared to last week’s prices. and iron ore prices $96/ tonne, $6 down compared to last week’s prices. While the prices of billets ranged between 460 – 490 Dollars per tonne, while it was between 460 – …
The British newspaper, Financial Times, reported that the frozen trade dispute over steel has become an early test for the European Union’s relationship with the incoming administration of US President-elect Donald Trump. The outgoing US President Joe Biden had reached a truce with the European Union in the conflict that erupted when former President Donald …
Financial Times: The trade dispute over steel between Brussels and Washington is renewed Read More »
China’s steel exports in October 2024 increased by 10.1% compared to the previous month – to 11.18 million tons. Shipments increased by 40.8% compared to October 2023. It is reported by Reuters. During January-October this year, Chinese producers exported 91.89 million tons of steel (+23.3% y/y), which already exceeds the total exports of 2023 and …
In October this year, Vietnam’s steel imports reached 2,412,410 mt, up 41.7% compared to September, with China as the largest exporter with 1,856,612 mt, while its scrap imports grew 7.5% month-on-month to 346,153 mt, with Japan as the largest exporter with 189,663 mt, according to data released by the General Department of Customs of Vietnam. …
Vietnam’s steel imports up 23.2%, scrap up 7.7% in Jan-Oct 2024 Read More »
According to export data from the US Department of Commerce, monthly steel exports in September this year decreased 11.3% from August and down 13.3% year on year to 379,700 mt. In terms of value, US steel exports in September totaled $1.19 billion, compared to $1.33 billion in August and $1.27 billion in September last year. …
According to the prices announced in the global steel markets, scrap prices amounted to $364/ tonne, $1 up compared to last week’s prices. and iron ore prices $102/ tonne, $1 up compared to last week’s prices. While the prices of billets ranged between 460 – 493 Dollars per tonne, while it was between 470 – …
Steel prices in the second week of November 2024 Read More »
The Egyptian Ministry of Investment and Foreign Trade has announced the launch of an anti-dumping investigation into imports of cold-rolled and coated steel products originating from Turkey and China. The investigation was initiated at the request of local steel producers, including Al-Obour Metal Industries and Kama Metal Coating and Processing. The companies claim that products …
In October 2024, the global rebar market showed different price trends depending on the region. In Turkey, price growth took place amid higher scrap quotations and stable demand in the domestic market. At the same time, negative price dynamics were observed in the US due to weak demand caused by economic uncertainty. The European market …
Report: Fluctuations in demand and prices of rebar in global markets Read More »
In September 2024, steel enterprises of Turkey reduced rebar export by 19.3% compared to the same month in 2023 – to 328.8 thousand tons, while it increased by 9.6% compared to August, This is evidenced by the preliminary data of the Turkish Statistical Institute (TUIK). The average registered price in September was $578/t against $567/t …
Turkey’s rebar exports down 19.3% in September 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $363/ tonne, $2down compared to last week’s prices. and iron ore prices $101/ tonne, $1 Unchanged compared to last week’s prices. While the prices of billets ranged between 470 – 500 Dollars per tonne, while it was between 475 – 500 …
Emsteel Building Materials Company recorded a net profit of AED 91.62 million in January – September 2024 compared to AED 387.6 million in the same period last year, a decrease of 76%. The company achieved revenues of AED 5.87 billion in the first nine months of 2024 compared to AED 6.48 billion in the corresponding …
UAE: Emsteel profits AED 91.6 million in January – September 2024 Read More »
Saeed Ghumran Al Rumaithi, CEO of Emsteel Group, explained that the group’s performance is good and appropriate, compared to competitors and steel manufacturers worldwide, noting that the industrial sector is going through many challenges globally, due to the economic conditions and the slowdown in global economies, and the impact on the international shipping sector, which …
Saeed Al Rumaithi: The construction sector supports the steel industry and grows by 3% Read More »
Rebar prices in Egypt this week ranged between EGP 35,000 – EGP 40,700. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 40,700, El Marakby Steel EGP 37,500, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 37,200, Misr Steel EGP 35,500, El Komy Steel EGP …
The Ministry of Industry and Trade (MOIT) of Vietnam announced a five-year extension of the anti-dumping (AD) measures on color-coated steel products originating in China and South Korea, valid until October 23, 2029. The investigating authority determined that the termination of the existing AD measure is likely to lead to the continuation or reoccurrence of …
Vietnam extends AD measure on color-coated steel from China, South Korea Read More »
Saudi Iron and Steel Company ( Hadeed ) has announced an increase in rebar prices for November. The company announced an increase in the price of rebar (12-32 mm) by 50 Saudi riyals ($13) per ton, to become 2350 Saudi riyals ($625) per ton. Similarly, the price of wire rod (6.5-16 mm) will increase by …
Saudi Iron and Steel Company (Hadeed) announces rebar prices for November Read More »