Rebar prices in Egypt this week ranged between 37,700 – 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 38,250, El Komy Steel EGP 38,250, …
Ezz Steel Company announced price stability starting July 1, 2024 for the fourth 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
According to the prices announced in the global steel markets, scrap prices amounted to $391/ tonne, $5 up compared to last week’s prices. and iron ore prices $105/ tonne, $2 up compared to last week’s prices. While the prices of billets ranged between 495 – 520 Dollars per tonne, while it was between 495 – …
UAE’s Emirates Steel Arkan has maintained rebar prices for its July production. The company will continue offering rebar (10-40 mm) at AED 2,369 (USD 645) per ton EXW, AED 2,377 (USD 647) per ton CPT Abu Dhabi, and AED 2,384 (USD 649) per ton CPT Dubai, Sharjah, and Northern Emirates. These prices exclude 5pct VAT. …
Emirates Steel Arkan keeps rebar prices unchanged for July output Read More »
Saudi Iron and Steel Company (Hadeed) has increased rebar and wire rod prices for its July production. The company is offering rebar (12-32 mm) at SAR 2,410 (USD 642) per ton, an increase of SAR 35 (USD 9) per ton compared to the previous month. The price of wire rod (6.5-16 mm) has also risen …
Saudi Iron and Steel Company (Hadeed) raises long steel prices Read More »
In May 2024, US steel enterprises increased imports of rolled steel products by 6.6% compared to April this year, to 2.23 million tons. This is evidenced by data from the American Iron and Steel Institute (AISI). Total steel imports (rolled products and semi-finished products) increased by 1.7% last month compared to April – to 2.85 …
US increased rolled steel imports by 6.6% in May Read More »
The UK Department for Business and Trade (DBT) has announced that it has decided to extend the safeguard measures on 15 categories of steel products for a further two years until June 30, 2026. The decisions will come into effect from July 1,2024. Following an extension review initiated in September last year, the UK’s Trade …
UK extends safeguard measures on 15 steel product categories until June 2026 Read More »
Rebar prices in Egypt this week ranged between 37,700 – 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 38,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,000. Garhy Steel EGP 38,500, Misr Steel EGP 38,250, El Komy Steel EGP 38,250, …
Egypt’s imports of steel during the first quarter of 2024 amounted to about $1.164 billion, accounting for 6.1% of total Egyptian imports during this period, an increase of 29.5% compared to the same period in 2023, which amounted to $898.992 million. The 9 largest countries exporting iron and steel to Egypt Country Q1 2024 …
Egypt’s iron and steel imports recorded $1.2 billion in Q1 of 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $386/ tonne, from last week’s prices. and iron ore prices $105/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 495 – 525 Dollars per tonne, while it was between 500 – 525 dollars per …
U.S. flat rolled steel prices appeared bearish, accelerating declines throughout June. HRC prices fell nearly 9%, their most significant month-over-month drop since February. CRC and HDG prices saw respective 6% declines, while plate prices fell 4%. Steel prices remain in search of new bottoms as the market appears increasingly soft. As of June 13, hot …
Report: U.S. Flat Steel Prices Pressured by Influx of Imports Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $386/ tonne, $4 up compared to last week’s prices. and iron ore prices $107/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 500 – 525 Dollars per tonne, while it was between 490– 525 …
In April 2024, Turkey’s exports of rebar rose by 64% on an annual basis, and by 23% compared to last March, to 276,000 tons, according to data from the Turkish Statistical Institute (TUIK). In the first four months of 2024, Turkey exported approximately 1.06 mln tons of rebar, reflecting an 18.9% increase from the same …
Turkey’s exports of rebar increased in January-April 2024 Read More »
The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping duty investigation against wire rod imports from Egypt, China, and Vietnam. Focusing on Egypt, the Canadian regulator imposed a preliminary antidumping tariff of 49.7% on Suez Steel and 99.8% on all other Egyptian wire rod producers. For comparison, the preliminary dumping …
Canada imposes preliminary AD tariffs on wire rod imports from Egypt Read More »
According to export data from the US Department of Commerce, monthly steel exports in April this year increased 6.0% from March and were up 9.5% year on year to 763,571 mt. In terms of value, US steel exports in April totaled $1.36 billion, compared to $1.29 billion in March and $1.24 million in April last …
In May this year, China’s exports of finished steel reached 9.631 million tons, up 4.4% month-on-month and 15.3% year-on-year, according to the latest data from the General Administration of Customs of China. China’s domestic market demand was weaker than expected in May so steel exports rose compared to April exports. From January to May this …
China’s steel exports increased by 24.7% during January-May 2024 Read More »
On Sunday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani chaired a special meeting on the steel factory rehabilitation project in Basra Governorate, affiliated with the General Iron and Steel Company. During the meeting, Al-Sudani was briefed, according to a statement by his media office, on the progress of work related to the rehabilitation and operation of …
Obstacles to the steel factory rehabilitation project in Basra Governorate Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,000 – 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 38,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 37,500. Garhy Steel EGP 38,500, Misr Steel EGP 36,500, El …
In April this year, Turkey (turkey)’s wire rod (wire-rod) exports amounted to 40,979 metric tons, down by 70.1% compared to March and up by 52.6% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $25.35 million, decreasing by 70.0% compared to …
Turkey’s wire rod exports increase by 149.5% in January – April 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $382/ tonne, $3 up compared to last week’s prices. and iron ore prices $109/ tonne, $7 down compared to last week’s prices. While the prices of billets ranged between 490– 525 Dollars per tonne, while it was between 490– 525 dollars …
Latin American countries are following in the footsteps of the United States and Europe by imposing heavy tariffs on Chinese steel imports, which represents a real test of the relationship between the two sides. A Bloomberg report stated that, due to the global shift towards protectionist measures and the influx of Chinese imports that threaten …
Latin America doubles tariffs on steel imports from China Read More »
The Egyptian AlGioshy Steel Company is negotiating with several Italian companies, most notably Danieli and Cedar Engineering, to add a new production line during the next year at an investment cost ranging between 500 million and 1 billion pounds. Tarek AlGioshy , the company’s chairman, said in an interview with Al Arabiya Business that, in …
Jordan Steel Company announced rebar prices for June 2024, an increase of between 3 -10 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 …
Jordan Steel announces the prices of rebar for June 2024 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 35,800. 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 36,500, …
Ezz Steel Company announced price stability starting June 1, 2024 for the third 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
According to the prices announced in the global steel markets, scrap prices amounted to $379/ tonne, $1 up compared to last week’s prices. and iron ore prices $116/ tonne, $5 down compared to last week’s prices. While the prices of billets ranged between 490– 525 Dollars per tonne, while it was between 493– 525 dollars …
Maghreb Steel, the top flat steel producer in Morocco, has reported a 5pct YoY growth in revenue, driven by a rise in domestic sales. In the first quarter of 2024, the company’s sales revenue reached MHD 1.271 bln (USD 126 mln), marking a slight increase from MHD 1.206 bln recorded in the corresponding quarter of …
Maghreb Steel’s revenue climbs in Q1 2024 amid surge in sales Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Under secretariat of Customs, in April this year Turkey’s foreign trade deficit increased by 12.9% to $9.86 billion compared to April 2023. In the January-April period this year, Turkey’s foreign trade deficit went down by 30.5% year on …
Turkey’s steel export value up 22.0% in January-April 2024 Read More »
Tosyali Algeria Steel Complex, located in Batioua, Oran Province, announced on Monday, May 27, the operation of its flat steel production plant. This is the first phase of this new investment, which will become fully operational during the second half of 2024. The steel manufacturer said in a press release that Tosyali Algeria is honored …
Tosyali Algeria announces the start of operation of its flat steel production plant Read More »
The European Steel Tube Association (ESTA) has welcomed the European Commission’s anti-dumping investigation into imports of certain seamless round pipes from China. The share of Chinese imports of seamless pipes in the European market rose from 3.8% in 2021 to 7% in 2022, and last year reached 12.6%, despite the fact that there are already …
European steel pipe producers support anti-dumping investigation of imports from China Read More »