Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,800 – 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 46,300, Misr Steel EGP 38,000, …
In 2023, Egypt witnessed a major boom in its iron and steel exports, rising by 65% year-on-year to reach $2.33 billion, a significant increase compared to $1.41 billion the previous year. According to a report issued by the Export Council for Building Materials, Refractories and Metals, Egyptian suppliers succeeded in penetrating the markets of 87 …
Egypt’s steel exports will increase by 65% in 2023 Read More »
CEO of El Marakby Steel Company, Hassan El Marakby, said that the company aims to increase its export revenues during the current year by approximately 10%, to rise to $110 million if global markets improve in terms of demand and prices. At the very least, the company will seek to maintain last year’s revenues at …
Egypt: El Marakby Steel targets $110 million in exports in 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $384/ tonne, $4 down compared to last week’s prices, and iron ore prices $100/ tonne, $1 down compared to last week’s prices. While the prices of billets ranged between 505– 590 Dollars per tonne, while it was between 505– 590 dollars …
Suez Steel Company announced the prices of rebar starting from April 05, 2024, to become EGP 40,500 per ton, aa decrease of EGP 6,000. And flat steel, including value-added tax. Statement including VAT Rebar 40,500
Ezz Steel Company announced the prices of rebar starting from April 5, 2024, to become EGP 40,700 per ton, aa decrease of EGP 5,800. And flat steel, EGP 41,700 per ton, a decrease of EGP 8,620 EXW, including value-added tax. Statement including VAT Rebar 40,700 Flat Steel 41,700
Jordan Steel Company announced rebar prices for April 2024, unchanged from last month’s prices. The prices for Grade 60 EXW, between 420 and 432 dinars per tonne, excluding sales tax. However, with sales tax, it is between 500 and about 515 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes …
Jordan Steel announces the prices of rebar for April 2024 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 47,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP46,500, Bishay Steel EGP 47,000, El Marakby Steel EGP 43,500, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 46,300, Misr Steel EGP 39,000, El …
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in February this year Turkey’s foreign trade deficit decreased by 44.2% to $6.77 billion compared to February 2023. In the January-February period this year, Turkey’s foreign trade deficit went down by 51.0% year on year to $12.95 billion. In February, Turkey’s …
Turkey’s steel export value up 25.4% in January – February 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $390 / tonne, $6 up compared to last week’s prices, and iron ore prices $99/ tonne, $8 down compared to last week’s prices. While the prices of billets ranged between 505– 590 Dollars per tonne, while it was between 505– 590 …
According to preliminary census data from the US Department of Commerce, US monthly steel imports in February 2024 decreased 3.3% from January to total 2,239,828 mt. A year-on-year comparison shows a 7.7% increase. In terms of value, US steel imports in February totaled $2.64 billion, compared to $2.88 billion in January and $2.82 billion in …
The Saudi Iron and Steel Company (Hadeed) decided to keep the prices of rebar and wire stable for April, for the second month in a row. The company will continue to provide rebar (12-32 mm) at a price of 2,350 riyals ($626) per ton and wire rod (6.5 mm to 16 mm) at a price …
Saudi Iron and Steel Company announces the stability of its rebar for April Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 37,500 – EGP 47,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP46,500, Bishay Steel EGP 47,000, El Marakby Steel EGP 43,500, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 46,300, Misr Steel EGP 39,000, El …
According to the prices announced in the global steel markets, scrap prices amounted to $384/ tonne, $4 up compared to last week’s prices, and iron ore prices $109/ tonne, $8 up compared to last week’s prices. While the prices of billets ranged between 505– 590 Dollars per tonne, while it was between 505– 590 dollars …
Chinese steel associations are calling for a curb on steel production to curb the rapid fall in rolled steel prices that has been observed recently due to lower-than-expected demand and weak margins at mills along with high inventories. Some associations have already announced plans to reduce steel production. In particular, on March 7, Yunnan province …
China’s steel associations call for limiting steel production Read More »
Egypt’s imports of iron and steel declined by 17.8% during 2023, to record about $4.216 billion, compared to $5.133 billion during 2022, accounting for 5.1% of total Egyptian imports during this year. The data of the Central Agency for Public Mobilization and Statistics explained. 10 countries accounted for 83.5% of Egypt’s total iron and steel …
Egypt’s steel imports decreased by 18% to $4.2 billion in 2023 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 39,000 – EGP 47,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP46,500, Bishay Steel EGP 47,000, El Marakby Steel EGP 46,500, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 46,300, Misr Steel EGP 40,500, El …
According to the General Authority for Statistics, the average price of a ton of rebar in the Kingdom of Saudi Arabia was recorded in February 2024.
The United States has notified the European Union that it is prepared to risk derailing attempts to reform one of the pillars of multilateral trade cooperation if the Union reopens a case in the World Trade Organization against Washington over the steel and aluminum dispute in the Trump era. European diplomats and officials said that …
According to the prices announced in the global steel markets, scrap prices amounted to $380/ tonne, $4 up compared to last week’s prices, and iron ore prices $101/ tonne, $17 down compared to lastt week’s prices. While the prices of billets ranged between 505– 590 Dollars per tonne, while it was between 505– 570 dollars …
Rebar prices continued their continuous decline after a wave of increases, the largest in iron prices in the Kingdom during the past three years. The lowest decline in rebar prices during January was 14.5% for 8 mm national rebar, whose price fell from 3212.92 riyals in January 2023 to 2747.05 riyals in January 2024. A …
Saudi Arabia: Rebar prices fell by 14.5% within a year Read More »
Indian steelmaker Tata Steel has ordered a combined pickling and galvanizing line from Italy-based plantmaker Danieli to install at its Tarapur mill in India, with the purpose of producing different coated grades and processing strips of different thicknesses and widths, Danieli said in a statement. Accordingly, with the investment, Tata Steel plans to enlarge its …
Tata Steel chooses Danieli for pickling and galvanizing line investment Read More »
According to export data from the US Department of Commerce, monthly steel exports in January 2024 increased 25.4% from December to total 699,122 mt. A year-on-year comparison shows a 5.7% increase. In terms of value, US steel exports in January totaled $1.25 billion, compared to $1.02 billion in December and $1.23 million in January 2023. …
Donald Trump defended his proposal to impose a 10% tariff on imports, noting that tax cuts could contribute to alleviating their impact on families. During an interview with CNBC, US President Joe Biden’s Republican rival in next November’s elections said that “taxes could be reduced” when asked about the potential negative repercussions of his proposal. …
Trump intends to raise tariffs by 10% if he wins the presidency Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 40,500 – EGP 47,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP46,500, Bishay Steel EGP 47,000, El Marakby Steel EGP 46,500, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 46,300, Misr Steel EGP 42,000, El …
In January-February 2024, Chinese steel companies increased their exports of steel products by 32.6% compared to the same period in 2023, to 15.91 million tons. The average export price amounted to $791.7/t, up 32.1% y/y. This is according to the China Iron and Steel Association (CISA). Steel imports to China in January-February 2024 amounted to …
China increased steel exports by 32.6% y/y in January-February 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $376/ tonne, $14 down compared to last week’s prices, and iron ore prices $118/ tonne, $6 up compared to lastt week’s prices. While the prices of billets ranged between 505– 570 Dollars per tonne, while it was between 505– 585 dollars …
Prime Minister Muhammad Shiaa Al-Sudani opened the iron and steel factory in Basra Governorate, after it had been closed since 2003. Al-Sudani’s office said in a statement received by ABC Arabia, “Prime Minister Muhammad Shia’ al-Sudani opened in Basra the rolling mill, one of the factories of State Company For Iron and Steel, with a …
After stopping more than 20 years…Reopening of the iron and steel factory in Basra Read More »
Jordan Steel Company announced rebar prices for March 2024, unchanged from last month’s prices. The prices for Grade 60 EXW, between 420 and 432 dinars per tonne, excluding sales tax. However, with sales tax, it is between 500 and about 515 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes …
Jordan Steel announces the prices of rebar for March 2024 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 44,500 – EGP 54,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP 53,520, Bishay Steel EGP 47,000, El Marakby Steel EGP 53,520, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 45,158, Misr Steel EGP 45,500, …