The Saudi Iron and Steel Company (Hadeed) announced the prices of rebar for the month of June, as the price of rebar (12-32 mm) reached 2,375 riyals ($633) per ton, an increase of 25 riyals ($7) per ton compared to the previous month. While the prices of wire rod (6.5 – 16 mm) remained unchanged …
Saudi Iron and Steel Company announced an increase in the prices of rebar Read More »
Official data from the Chamber of Metallurgical Industries of the Federation of Egyptian Industries revealed that total iron exports in the first quarter of this year recorded 355 thousand tons, compared to about 291 thousand tons in the first quarter of 2023. The president of AlGioshy Steel Company, Tariq Al Gioshy , said that rebar …
Egypt’s exports of rebar increased by 22% in Q1 of 2024 Read More »
Market insiders in the United Arab Emirates reported that rebar prices for Emirates Arkan Steel reached 2,370 dirhams ($645) per ton CFR. This comes after Emirates Steel Company amended its pricing policy, moving from the unified market price to different prices based on individual customer agreements. Regular customers reportedly get additional discounts on orders exceeding …
Ezz Steel Company said that establishing a factory to produce steel plates is still in the study stage. The company confirmed, in a statement in response to the stock exchange’s inquiries regarding what was published under the title “Ezz Steel obtains a license in preparation for launching a new panel factory,” that construction work has …
Ezz Steel: Establishing a factory to produce steel plates is still in the study stage Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $378/ tonne, $3 down compared to last week’s prices. and iron ore prices $121/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 493– 525 Dollars per tonne, while it was between 495– 525 dollars …
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 35,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 39,500. Garhy Steel EGP 40,000, Misr Steel EGP 36,500, …
According to the prices announced in the global steel markets, scrap prices amounted to $382/ tonne, $3 down compared to last week’s prices. and iron ore prices $117/ tonne, unchanged from last week’s prices. While the prices of billets ranged between 505– 530 Dollars per tonne, while it was between 505– 530 dollars per tonne …
Emirates Steel Arkan announced its financial results for the Q1 2024, with revenues of AED 2.14 billion and EBITDA of AED 294 million. The Group’s positive performance in the first three months of the year demonstrates its resilience and efficiency amidst challenging market conditions. During the quarter, the Group’s performance was supported by a strong …
Emirates Steel Arkan reports AED 2.14 billion revenue in Q1 2024 Read More »
ArcelorMittal increased its steel production by 5.1% quarter-on-quarter – to 14.4 million tons in the first quarter of 2024. The figure decreased by 0.7% compared to the same period in 2023. This is stated in the quarterly report published on the company’s website. Iron ore production for the last quarter amounted to 10.2 million tons, …
ArcelorMittal’s production increased to 14.4 million tons of steel in Q1 of 2024. Read More »
In April this year, China’s finished steel exports amounted to 9.224 million mt, down 6.7% month on month, according to the latest data released by China’s General Administration of Customs (GACC). China’s finished steel exports in March this year had reached the highest level since July 2016, but this trend did not continue in April. …
China’s steel exports up 27% in January-April 2024 Read More »
The General Authority for Foreign Trade announced the start of an anti-dumping investigation against the Kingdom’s imports of a steel or stainless steel pipe product with longitudinally welded circular sections originating from or exported from the People’s Republic of China and Taiwan. The Authority said in a statement that the decision to begin the investigation …
Jordan Steel Company announced rebar prices for May 2024, an increase of between 20-35 dinars over last month’s prices. The prices for Grade 60 EXW, between 450 and 453 dinars per tonne, excluding sales tax. However, with sales tax, it is between 535 and about 540 dinars per tonne. Grade Price without tax Price …
Jordan Steel announces the prices of rebar for May 2024 Read More »
Demand for steel in India in fiscal year 2024/2025 (ending in March 2025) will grow by at least 8-10% compared to the previous fiscal year. This was stated by T.V. Narendran, Managing Director of Tata Steel, BusinessLine reports. He notes that India’s transformation into a net importer is temporary. India’s steel imports are mainly raw …
Steel demand in India is expected to increase by 8-10% in FY 2024/25 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 40,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 39,500. Garhy Steel EGP 40,000, Misr Steel EGP 37,300, …
In March this year, Turkey’s wire rod exports amounted to 136,650 metric tons, down by 5.5% compared to February and up by 319.1% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $84.48 million, decreasing by 6.9% compared to the previous …
Turkey’s wire rod exports increase by 172.3% in Q1 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $385/ tonne, $2 down compared to last week’s prices. and iron ore prices $117/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 505– 530 Dollars per tonne, while it was between 500– 530 dollars …
In March this year, Turkey’s rebar export volume increased by 8.8% year on year and decreased by 23.8% month on month to 227,559 metric tons, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these exports totaled $135.59 million, down 7.04% year on year and 24.3% month on month. In …
Turkish rebar exports up 8.9% in January-March 2024 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 37,500 – EGP 40,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 40,500, Ashry Steel EGP 39,500. Garhy Steel EGP 40,300, Misr Steel EGP 37,500, El …
Ezz Steel Company announced price stability starting May 1, 2024 for the second 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
Emirates Arkan Company announced that it will keep unchanged the prices of rebar for May production (10-40 mm) at 2,744 dirhams ($747) per ton CPT Abu Dhabi and 2,752 dirhams ($749) per ton CPT Dubai, Sharjah and the Northern Emirates. The above prices do not include 5% VAT. The factory’s decision to keep prices unchanged …
Emirates Steel Arkan keeps rebar prices stable despite market challenges Read More »
Saudi Iron and Steel Company (Hadeed) has announced that it will maintain current prices for rebar and wire rod for its May output, marking the third consecutive month of price stability. The price of rebar (12-32 mm) will remain at 2,350 riyals ($626) per ton. While wire coils (6.5-16 mm) will continue to be offered …
Saudi Iron and Steel Company announces rebar prices for May without change Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $384/ tonne, unchanged from last week’s prices. and iron ore prices $117/ tonne, $6 up compared to last week’s prices. While the prices of billets ranged between 500– 540 Dollars per tonne, while it was between 500– 540 dollars per tonne …
Rebar prices in the UAE markets moved in a narrow range during the first quarter of 2024, ranging around 2,745 dirhams/ton, compared to an average of 2,538 dirhams/ton during the same period in 2023, an increase of 8%. Prices reached levels of 2,680 dirhams/ton in January of this year, while they ranged around 2,734 dirhams/ton …
UAE: Rebar prices rise by 8% during the first quarter of 2024 Read More »
US President Joe Biden called for increasing customs duties on steel imported from China by three times “to protect American producers from the flood of cheap imports coming from Beijing.” This step reflects the intersection of Biden’s international trade policy with his efforts to attract voters in Pennsylvania, which is likely to play a pivotal …
US intends to increase duties 3 times on imports of Chinese steel and aluminum Read More »
In March, China’s finished steel exports amounted to 9.888 million mt, up 37.9% month on month, according to the latest data released by China’s General Administration of Customs (GACC). The finished steel exports in March hit the highest level since July 2016, when they had totaled 10.3 million mt. The strong exports caused market players …
China’s steel exports almost hit 10 million mt in March, highest since July 2016 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 37,500 – EGP 46,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 46,500, Ashry Steel EGP N/A, Garhy Steel EGP 40,300, Misr Steel EGP 38,000, …
According to the prices announced in the global steel markets, scrap prices amounted to $384/ tonne, unchanged from last week’s prices. and iron ore prices $111/ tonne, $11 up compared to last week’s prices. While the prices of billets ranged between 500– 540 Dollars per tonne, while it was between 500– 590 dollars per tonne …
The World Steel Organization expected global steel demand to rise by 1.7 percent to 1.793 billion metric tons during the current year, driven by increased demand in India as Chinese demand continues to decline. The report indicated that after two years of decline and severe market fluctuations following the Corona pandemic, there are clear signs …
Report : Global steel demand is expected to grow by 1.7% in 2024 Read More »
The US Justice Department has opened an expanded antitrust investigation into Nippon Steel’s $14.1 billion takeover bid for United States Steel Corp, creating additional legal hurdles to completing the deal, according to people familiar with the matter. On command. Regulators at the ministry are seeking more information for antitrust reasons, according to the people, who …
US opens an expanded investigation into a major acquisition deal in the steel sector Read More »
India’s steel imports were initially estimated at 8.32 million tonnes in FY 2023-24, up 38% year-on-year making the country a net importer of steel, data from the Joint Plants Committee (JPC) of the Ministry of Steel showed. According to the data, India’s steel exports were initially estimated at 7.48 million tonnes during 2023-24, an increase …
India’s steel exports and imports rise in fiscal year 2023-24 Read More »