In 2024, ArcelorMittal Kryvyi Rih plans to increase its production capacity utilization from 30% to 50%. This was stated by the company’s CEO Mauro Longobardo during a meeting with a German delegation, Metallurg newspaper reports. According to him, the plant is ready to increase production as soon as possible and support Ukraine in its post-war …
ArcelorMittal plans to increase capacity utilization to 50% in 2024 Read More »
According to the daily monitoring of steel prices in Egypt, the prices of rebar ranged between EGP 39,900 EGP 35,750 EXW. This week witnessed stability in the prices of all companies, Ezz Steel EGP 36,000, Suez Steel EGP 36,000, Beshay Steel EGP 39,900, Egyptian Steel EGP 38,000 El Marakby Steel EGP 38,000, Ashry Steel EGP …
The latest update on rebar prices in Egypt is December 04, 2023 Read More »
Ezz Steel Company announced the prices of flat steel for December, unchanged from last month’s prices. At a value of EGP 37,000 per tonne, factory delivery, including value-added tax. Statement including VAT Flat Steel 37,000
According to the prices announced in the global steel markets, scrap prices amounted to $402/ tonne, $12 up compared to last week’s prices, and iron ore prices $133/ tonne, $5 down compared to last week’s prices, while the prices of billets ranged between 495 – 525 Dollars per tonne, while it was between 495 – …
In October this year, Japan’s iron and steel product exports amounted to 2.7 million metric tons, increasing by 1.4 % month on month and increasing by 8.6% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). In the January-October period this year, Japanese iron and steel product …
Japan’s steel exports up 2.6% in January-October 2023 Read More »
The US-EU trade meeting scheduled for next month is expected to be postponed until early next year, as the two allies remain deadlocked in talks over steel and critical metals, according to a report. According to Bloomberg, citing sources familiar with the matter, the Trade and Technology Council was scheduled to meet last month, but …
According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, $7 up compared to last week’s prices, and iron ore prices $135/ tonne, $5 up compared to last week’s prices, while the prices of billets ranged between 495 – 520 Dollars per tonne, while it was between 490 – …
Steel prices in the fourth week of November 2023 Read More »
Tosyali Algeria intends to launch a line for the production of flat steel in the second half of 2024, according to a statement by the Ministry of Industry and Pharmaceutical Production in Algeria. The announcement was made during a meeting granted by the Minister for the sector, Ali Aoun, to the CEO of the Tosyali …
Algeria: Tosyali flat steel production line will enter into operation in H2 2024 Read More »
Exports of Egyptian building materials, refractories, metal industries, and construction increased for the period from January to September 2023 to achieve a value of 6 billion and 279 million dollars compared to the same period in 2022 when they recorded a value of 5 billion and 228 million dollars, an increase of 20%. Egypt’s iron …
Egypt’s iron and steel exports increased to $1.7 billion in 9 months Read More »
The Canadian International Trade Tribunal (CITT) has announced that it has initiated an expiry review against the antidumping duties on cold rolled steel (CRC ) from China, South Korea and Vietnam. The current antidumping duties are at 91.9% for China, 53.0 percent for South Korea and 99.2% for Vietnam, while the subsidy rates are at …
Canada initiates AD expiry review on (CRC) from three countries Read More »
According to the daily monitoring of steel prices in Egypt, the prices of rebar ranged between EGP 39,900 EGP 35,750 EXW. The companies that did not change prices are Ezz Steel EGP 36,000, Suez Steel EGP 36,000, Egyptian Steel EGP 38,000 El Marakby Steel EGP 38,000, Ashry Steel EGP 38,000, and Garhy Steel EGP 35,750 …
The latest update on rebar prices in Egypt is November 20, 2023 Read More »
According to the General Authority for Statistics, the average price of a ton of rebar in the Kingdom of Saudi Arabia in October 2023 ranged between 2,678.39 and 4,032.55 Saudi riyals, with an increase of between 0.46% and 1.14%, with the exception of 6 mm rebar, with a decrease of 1.37% compared to September 2023 …
Average rebar prices in the Kingdom of Saudi Arabia Read More »
In October, China’s total production of hot-rolled steel – HRC and cold-rolled steel – CRC in China reached 17.145 million mt and 3.59 million mt , increasing by 14.1% and 9.4% year on year, while decreasing by 3.52% and 2.31 million mt, % on a consecutive monthly basis. HRC prices in the Chinese domestic market …
China’s hot-rolled steel production rose 13.2% in January-October 2023 Read More »
The decline in domestic demand and the decline in the prices of domestic steel products compared to other exporting countries led local producers to resort to exporting abroad, which helped increase the volume of China’s exports of steel products during the period January-October 2023. In the period from January to October 2023, China exported about …
China’s steel exports increased by 34.8% in January-October 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $383/ tonne, $5 up compared to last week’s prices, and iron ore prices $130/ tonne, $1 up compared to last week’s prices, while the prices of billets ranged between 490 – 520 Dollars per tonne, while it was between 475 – …
In September this year, Turkey’s wire rod exports amounted to 54,415 mt, down by 26.9% compared to August and by 65.2% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $31.87 million, dropping by 28.6% compared to the previous month and …
Turkey’s wire rod exports down 58.5% in January-September Read More »
According to final data from the US Department of Commerce, total US imports of wire rod reached 49,233 tons in September 2023, down 44.9% from August and 9.0% from September 2022 levels. By value, total wire rod imports reached $47.8 million in September 2023, compared to $85.7 million in August and $61.6 million in September …
The European Union is studying the possibility of extending the temporary truce with the United States regarding steel and aluminum trade, a possibility that will help circumvent the stalled negotiations and avoid the re-imposition of customs tariffs on transatlantic exports worth $10 billion. Since the imposition of tariffs will resume automatically at the end of …
Europe is considering extending the steel trade truce with the United States Read More »
According to the daily monitoring of steel prices in Egypt, the prices of rebar ranged between EGP 38,000 EGP 37,700 EXW. The companies that did not change prices are Egyptian Steel EGP 38,000 and Al Gioshy Steel EGP 37,000. The companies that raised prices are Ezz Steel EGP 36,000, Suez Steel EGP 36,000, and this …
The latest update on rebar prices in Egypt is November 14, 2023 Read More »
Ezz Steel Group announced new prices for flat steel after prices remained unchanged for about 9 months and prices rose from 34,485 EGP to 37,000 EGP per tonne, factory delivery, including value-added tax. Statement including VAT Flat Steel 37,000
Jordan Steel Company announced rebar prices for November, unchanged from the prices of October, the prices for Grade 60 EXW, between 432 and 440 dinars per tonne, excluding sales tax. However, with sales tax, it is between 515 and about 525 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes …
In September 2023, Turkey’s consumption of steel products increased by 30.3% compared to September 2022, reaching 2.8 million tons, according to data from the Turkish Steel Producers Association (TDCU). Steel production in Turkey in September reached 2.89 million tons, an increase of 8.4% compared to September 2022. Steel product exports for the month decreased by …
Türkiye’s consumption of steel products increased by 18.5% in January-September 2023 Read More »
ArcelorMittal, one of the world’s largest steel producers, reduced steel production in the January-September 2023 period by 3.1% compared to the same period in 2022 to 44.4 million tons. Exports decreased by 2.3% year-on-year to 42.3 million tons. This was stated in the quarterly report published on the company’s website. Iron ore production in the …
ArcelorMittal’s steel production fell by 3.1% in January – September 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $378/ tonne, $8 up compared to last week’s prices, and iron ore prices $129/ tonne, $3 up compared to last week’s prices, while the prices of billets ranged between 475 – 515 Dollars per tonne, while it was between 475 – …
Steel prices in the second week of November 2023 Read More »
According to iron prices daily monitoring in Egypt, rebar prices ranged between EGP 34,000 – and EGP 31,500 EXW. The companies that did not change prices are Ezz Steel EGP 32,135. Suez Steel, EGP 32,050, El-Marakby Steel, EGP 32,000 and El-Garhy Steel, EGP 31,500. The companies that raised prices are Beshay Steel, EGP 39,900, Egyptian …
The latest update on rebar prices in Egypt is November 08, 2023 Read More »
Ezz Steel Group announced the flat steel prices for November, unchanged for the seventh month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485
According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $12 up compared to last week’s prices, and iron ore prices $126.5/ tonne, $5 up compared to last week’s prices, while the prices of billets ranged between 455 – 500 Dollars per tonne, while it was between 455 – …
According to preliminary data from the US Department of Commerce, total US imports of rebar reached 55,531 tons in September 2023, down 64.1% from August and 48.6% from September 2022 levels. In terms of value, total rebar imports reached $33.7 million in September 2023, compared to $93.8 million in August, and $82.9 million in September …
US rebar imports down 64.1 percent in September with Egypt and Algeria in the lead Read More »
The Turkish Ministry of Trade announced the final results of the final review of anti-dumping duties on heavy plates imported from China. The Department of Commerce found that eliminating antidumping duties on a certain product from China would likely lead to continued or recurring dumping. The applicable anti-dumping rates are 16.89% for Jiangyin Xingcheng Special …
Turkey to maintain AD duty on heavy plate from China Read More »
On November 1, the Libyan Iron and Steel Company announced a reduction in the prices of some products in implementation of the Vice Chairman of the Board of Directors’ Decision No. 29/2023. Product type and size Current price is D.L./ton Wholesaling Retail ٌRebar produced by factory produced (2), diameter (10) mm 3200 3220 Rebar …
Libyan Iron and Steel Company announces a discount on some products, November 1, 2023 Read More »