The Director General of the General Administration of Customs, Abdullah Al-Sharhan, issued a decision to extend the increase in customs duties on rebar and wire rod from 5 percent to 10 percent for a full year. Al-Sharhan’s decision comes in addition to Customs Instructions No. 2 of 2023 regarding raising customs duties on iron imports, …
Kuwait: Customs extends 10% increase in steel import duties Read More »
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 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 37,000, El …
Turkish steel producer Borcelik, a joint venture between ArcelorMittal and Borusan Holding, selected Danieli technology for its new cold-mill complex to be installed in Gemlik region, the city of Bursa, in Turkey. The new pickling line coupled to cold rolling mill – PLTCM – will process 1.6 Mtpy, with future expansion to 2.0 Mtpy, of …
Borcelik and Danieli collaborate to set up cold-strip complex Read More »
The Department of Foreign Trade of Thailand (DFT) has announced the extension of anti-dumping duties on hot-rolled coil from China. The list of products subject to restrictions includes products under HS codes 7225 and 7226. The DFT initiated an anti-dumping investigation against alloy hot-rolled coil supplied to the Thai market by 17 producers from China …
Thailand has extended anti-dumping duties on steel coils from China Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $387/ tonne, $2 down compared to last week’s prices. and iron ore prices $104/ tonne, $2 up compared to last week’s prices. While the prices of billets ranged between 480 – 510 Dollars per tonne, while it was between 485 – …
In June, , Turkey’s steel exports increased by 30.9% to 1.14 million mt, while the value of these exports rose by 12.6% to $829.24 million, year on year, according to a statement released by the Turkish Steel Producers’ Association (TCUD). In the first half, the country’s steel exports increased by 45.1% to 6.49 million mt, …
Turkey’s steel exports increase in H1, imports fall Read More »
Rebar prices in Egypt this week ranged between EGP 36,500– 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 37,800, El …
Ezz Steel Company announced price stability starting August 1, 2024 for the Fifth month in a row. Prices for rebar were EGP 40,700 per ton and flat steel at EGP 41,700 per ton. EXW, including value-added tax. Statement including VAT Rebar 40,700 Flat Steel 41,700
China’s steel market is in turmoil after new quality standards issued by the government forced traders to unload stocks, pressuring bullion prices and sending iron ore lower. A new report by Bloomberg said the new quality standards for rebar, issued by China’s State Administration for Market Regulation last month, will go into effect on September …
China’s steel market in turmoil over new quality standards Read More »
The “Tosyali Algeria” iron and steel company is expected to export about 150 thousand tons of steel to Spain in the coming few days. The Minister of Trade and Export Promotion, Tayeb Zitouni, revealed that “if there are requests on the table to establish economic relations with Spain, we are open to that and with …
“Tosyali Algeria” exports 150 thousand tons of Steel to Spain Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $389/ tonne, $1 down compared to last week’s prices. and iron ore prices $102/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 485 – 515 Dollars per tonne, while it was between 495 – …
Baosteel Iron & Steel Co., China’s largest listed iron and steel company, said it will double its investment in a joint venture to manufacture steel plates in Saudi Arabia to $1 billion, up from about $437.5 million. Baosteel said in a separate filing with the Shanghai Stock Exchange that it will reduce additional asset guarantees …
China’s Baosteel to boost investment in steel plate in Saudi to $1 billion Read More »
Global rebar prices have remained stable in most major regions of the world since the beginning of July. The market stagnation is due to the slowdown in demand for steel. At the same time, the Chinese market is witnessing a decline in demand. Rebar prices in Turkey remained stable at US$575-580 per ton FOB during …
Rebar prices in Egypt this week ranged between 37,300– 40,700 pounds. 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 36,500, El …
A report by Ezz Steel expects Egypt’s consumption of iron and steel to grow in the medium term, as a result of several factors, most notably the liberalization of the pound’s exchange rate, which took place on March 6, 2024, and the new economic measures that were taken, as well as the implementation of new …
A report predicts growth in steel consumption in Egypt Read More »
In the January-June period this year, China’s exports of steel bars totaled 6.11 million mt, up 11.5% year on year, while wire rod exports amounted to 1.32 million mt, up 12.3% year on year, according to the Chinese customs authorities. At the same time, China’s export volumes of angles/channels came to 2.72 million mt in …
China’s steel bar exports increase by 11.5% in H1 of 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, unchanged from last week’s prices. and iron ore prices $104/ tonne, $4 down compared to last week’s prices. While the prices of billets ranged between 495 – 520 Dollars per tonne, while it was between 500 – 520 dollars …
Despite the difficult economic situation in Egypt, local rebar manufacturers were able to improve their performance in the first half of 2024. Steel market participants indicate that the stability of exchange rates, currency pumping, and new investments were positive factors in the steel market. Egypt’s consumption of rebar reached 3.1 million tons in the first …
Egypt’s production and consumption of rebar increased in H1 of 2024 Read More »
Emirates Steel, a subsidiary of Emirates Steel Arkan Group, announced the signing of a new strategic partnership with Eversendai, a global leader in the field of iron, steel and metal construction. This partnership aims to enhance cooperation between the two companies in the ski village project at the Trogena Resort in the city of NEOM, …
The rebar market in the Kingdom of Saudi Arabia witnessed a decline in prices during the first half of 2024 compared to the same period in 2023, as the average price of rebar during the first half of the current year reached 2885.04 riyals, a decline of 6.9% from the average of the first half …
Rebar prices in Saudi Arabia declined in H1 of 2024 Read More »
Rebar prices in Egypt this week ranged between 37,300– 40,700 pounds. 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 38,000, El Komy Steel EGP 37,500, El …
Prices of main building materials recorded mixed performance during the first quarter of 2024 compared to the same period in 2023. While cement prices increased by a rate ranging between 2 and 8.6%, twisted rebar declined by about 1.8%, according to data from the Dubai Statistics Center. Prices of salt-resistant cement with a capacity of …
UAE: Cement prices rise by 9%… and rebar prices decline by 2% Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, unchanged from last week’s prices. and iron ore prices $110/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 500 – 520 Dollars per tonne, while it was between 500 – 520 dollars …
In June this year, China’s finished steel exports amounted to 8.7545 million mt, down 9.2 % month on month and up 16.4% year on year, according to the latest data released by China’s General Administration of Customs (GACC). In the January-June period this year, China’s finished steel exports rose by 24.0% year on year to …
The United States today revealed tightening measures related to steel and aluminum imports from Mexico, as part of its efforts to prevent Chinese-origin goods from evading duties. This is the latest step taken by President Joe Biden’s administration in the period leading up to the elections, as part of a series of efforts aimed at …
US tightens steel and aluminum import rules to prevent China from avoiding paying duties Read More »
In May this year, Turkey’s hot rolled coil (HRC) imports amounted to 283,150 metric tons, down by 24.3% compared to April and by 51.8% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports totaled $195.19 million, decreasing by 20.9% compared to the previous …
Egypt is the second largest country exporting HRC to Türkiye In Jan. to May 2024 Read More »
Rebar prices in Egypt this week ranged between 38,000– 40,700 pounds. 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 38,500, El Komy Steel EGP 38,000, El …
According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, $1 down compared to last week’s prices. and iron ore prices $110/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 500 – 520 Dollars per tonne, while it was between 495 – …
In the period from January to May 2024, Turkey’s steel exports increased by 48.6% compared to the same period in 2023, to 5.4 million tons, according to data from the Turkish Steel Association (TCUD). While Turkey’s steel imports decreased by 12.1% in the period from January to May 2024, to 7.1 million tons. Steel consumption …
Türkiye’s steel exports increased by 48.6% in Jan. – May 2024 Read More »
Jordan Steel Company announced rebar prices for July 2024, an increase of between 4 -5 dinars over last month’s prices. The prices for Grade 60 EXW, between 457 and 462 dinars per tonne, excluding sales tax. However, with sales tax, it is between 545 and about 550 dinars per tonne. Grade Price without tax …
Jordan Steel announces the prices of rebar for July 2024 Read More »