Egypt’s rebar consumption increased to 3.059 million tons in H1 2024, up 9%, as a result of the shift in monetary policy that increased the availability of the dollar and stimulated increased construction activity. However, the consumption level is still much lower than the level that prevailed 8 years ago in 2016, which amounted to …
Egypt’s Rebar Consumption Exceeds 3 Million Tons in H1 2024 Read More »
Turkey exported around 1.9 mln tons of rebar in the first seven months of 2024, marking a 10% increase YoY, according to data from the Turkish Statistical Institute (TUIK). The top three destinations for Turkish rebar during this period were Yemen (389,000 tons), Romania (152,000 tons), and Albania (105,000 tons). In July 2024, rebar exports …
Turkey’s Rebar Exports to Increase by 10% in Jan-July 2024 Read More »
In July this year, Turkey’s hot rolled coil (HRC) exports amounted to 309,800 metric tons, up by 27.6% compared to June and by 314.1% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $189.93 million, increasing by 25.9% compared to the …
Turkey’s HRC exports increase by 145.2% in January-July 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $6 up compared to last week’s prices. and iron ore prices $92/ tonne, $9 down compared to last week’s prices. While the prices of billets ranged between 450 – 565 Dollars per tonne, while it was between 470 – …
Steel prices in the first week of September 2024 Read More »
In late August this year, the average price in China of 16-25 mm HRB 400 rebar increased by RMB 89.4/mt ($12.6/mt) or 2.9 % to RMB 3,183/mt ($448/mt), compared to the price in mid-August (August 11-20), as announced by China’s National Bureau of Statistics. In the given period, the average prices of wire rod, medium …
NBS: Local Chinese rebar prices up 2.9% in late August Read More »
The value of Egypt’s iron and steel exports declined by about 19% during January-July of this year to reach $1.17 billion, compared to about $1.43 billion in the same period last year, according to government data. The data revealed a decline in Egypt’s iron and steel exports by more than 40% during the month of …
Egypt’s iron and steel exports decline by 19% during January-July 2024 Read More »
Morocco’s leading flat steel producer, Maghreb Steel, reported a 5pct YoY revenue growth in H1 2024, driven by increased domestic and export sales. The company’s sales revenue reached MHD 2.55 bln (USD 260 mln) in the first half of 2024, up from MHD 2.43 bln in the same period last year. Maghreb Steel also experienced …
China’s steel exports are set to hit an eight-year high this year, flooding the world with cheap supplies and threatening to inflame global trade tensions. The world’s largest steel producer is forecast to export more than 100 million tonnes in 2024, the highest since 2016, according to Shanghai-based consultancy MySteel, the Financial Times reported. “Steel …
China’s record steel exports threaten global trade tensions Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $364/ tonne, $4 up compared to last week’s prices. and iron ore prices $101/ tonne, $4 up compared to last week’s prices. While the prices of billets ranged between 470 – 490 Dollars per tonne, while it was between 465 – …
The iron and steel company Tosyali Algeria has exported 25,000 tons of steel sheets for the first time, according to the company’s investment manager, Ezzi Ramzi. Mr. Ezzi pointed out that “after the partial operation of flat steel production, 25,000 tons of steel sheets were exported for the first time to international markets”, noting that …
Tosyali Algeria exports 25,000 tons of steel sheets Read More »
Russian steel prices rose as much as 20% in the first half of 2024, as demand for housing and infrastructure rebounded despite a nearly three-year war with neighboring Ukraine and Western sanctions on Moscow. Russian steel prices have risen between 5% and 20% since the start of the year, with demand up about 6% in …
Russian Steel Prices Up to 20% as Demand Rebounds Read More »
Emirates Steel Arkan has announced rebar prices for September at AED 2,447.25 ($666) per tonne CPT Abu Dhabi and AED 2,456.25 ($669) per tonne CPT Dubai, Sharjah and Northern Emirates. An increase of $19-20 per tonne compared to last month’s prices. These prices are exclusive of 5% VAT. 1 USD = 3.67 AED
Beijing has expressed “strong dissatisfaction” with Canada’s decision to impose a 100% tariff on imports of Chinese electric cars, a sector that Ottawa and Washington say is state-backed and therefore violates “fair competition” rules. The Chinese embassy in Canada said in a statement that “China expresses its strong dissatisfaction and firm opposition” to the decision. …
China dissatisfied with Canada’s decision to raise tariffs on electric cars Read More »
According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 52,392 mt in June this year, down 53.7% month on month and down 72.8% year on year. By value, rebar imports totaled $33.4 million in June this year, compared to $72.3 million in May and $123.0 million in June …
Inventories at major steel mills in China rose 3.48% from the beginning of the month to 16.5 million tons by mid-August, the highest level since May, according to data from the China Iron and Steel Association (CISA). The current inventory level is 1.1% lower than the same period last year, according to Bloomberg News. The …
China’s steel mill inventories rise to highest level since May in mid-August Read More »
In January-July 2024, China’s steel exports rose 21.8% year-on-year to 61.23 million tonnes, according to the China Steel Manufacturers Association (CISA). Steel imports from January-July 2024 decreased 6.7% year-on-year to 4.12 million tonnes. Iron ore imports were 713.77 million tonnes, up 6.7% year-on-year. In July, China’s steel exports were 7.83 million tonnes, down 10.5% month-on-month. …
China’s steel exports up 21.8% in January-July 2024 Read More »
Canadian Prime Minister Justin Trudeau announced a 100% tariff on Chinese electric vehicle imports, in line with U.S. measures aimed at stemming the flow of state-subsidized Chinese vehicles into North America. He also unveiled an additional 25% tax on steel and aluminum products from China. The additional tax on electric vehicles will take effect on …
Canada to impose 100% tariff on Chinese electric vehicles, 25% on steel Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $360/ tonne, $10 down compared to last week’s prices. and iron ore prices $97/ tonne, $4 up compared to last week’s prices. While the prices of billets ranged between 465 – 490 Dollars per tonne, while it was between 465 – …
Rebar prices in Egypt this week ranged between EGP 36,300 – EGP 40,700. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 38,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 37,000, El Komy Steel EGP …
Egypt’s exports of iron and steel products to the European Union countries declined by about 37% during the first half of this year, according to government data. The data showed that imports from the European Union countries decreased during the period from January to the end of last June to about $420 million, compared to …
Egypt’s iron and steel exports to EU declined by 37% in H1 of 2024 Read More »
Saudi Iron and Steel Company (Hadeed) will lower its wire rod prices by SAR 100 (USD 27) per ton for September deliveries. The new price for wire rod (6.5-16 mm) will be SAR 2,435 (USD 648) per ton. Hadeed recently reduced its rebar prices by SAR 40 (USD 11) per ton, bringing them to SAR …
Hadeed cuts wire rod prices for September deliveries Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $8 down compared to last week’s prices. and iron ore prices $93/ tonne, $9 down compared to last week’s prices. While the prices of billets ranged between 465 – 490 Dollars per tonne, while it was between 475 – …
In June this year, domestic steel product consumption in Japan amounted to 3.52 million metric tons, down by 2.2% compared to May and by 8.7% year on year, according to the data released by the Japan Iron and Steel Association (JISF). Meanwhile, in the January-June period, domestic steel consumption in the country decreased by 10.6% …
Japan’s domestic steel consumption down 10.6% in H1 2024 Read More »
Egyptian Ezz Steel has received a notification from the European Trade Commission that it has begun anti-dumping investigations into imports of hot-rolled flat steel from Egypt, India, Japan and Vietnam, following a complaint filed by the European Steel Association (EUROFER). The company said in a statement on the London Stock Exchange that the complaint calls …
EU initiates anti-dumping investigations against “Ezz Steel” Read More »
In June this year, Turkey’s hot rolled coil (HRC) exports amounted to 243,772 metric tons, up by 20.9% compared to May and up by 179.9% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $151.62 million, increasing by 15.4% compared to …
Turkey’s HRC exports increase by 120% in H1 2024 Read More »
Jordan Steel Company announced rebar prices for August 2024, a decrease of between 3-5 dinars over last month’s prices. The prices for Grade 60 EXW, between 453 and 462 dinars per tonne, excluding sales tax. However, with sales tax, it is between 540 and about 550 dinars per tonne. Grade Price without tax Price …
Jordan Steel announces the prices of rebar for August 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 37,000– EGP 40,700. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 37,500, El Komy Steel EGP 37,500, El …
Japanese steel producer Nippon Steel Corporation has announced that its Thailand-based subsidiaries G Steel Public Company Limited (G Steel) and G J Steel Public Company Limited (G J Steel) have decided to invest in a capital project worth a total of approximately THB 1.5 billion ($42.52 million) to strengthen its quality capabilities and cost competitiveness. …
According to the prices announced in the global steel markets, scrap prices amounted to $378/ tonne, $9 down compared to last week’s prices. and iron ore prices $101/ tonne, $3 down compared to last week’s prices. While the prices of billets ranged between 475 – 500 Dollars per tonne, while it was between 480 – …
The European Commission (EC) plans to initiate an anti-dumping duty (AD) investigation against imports of HRC from Egypt, Vietnam, India and Japan in a few days. The EU is taking new measures to further protect local steel producers, considering that the existing tariff-rate quotas could not be extended beyond July 2026, according to the WTO …
EU to start AD investigation into HRC imports from Egypt, Vietnam, India, Japan Read More »