Finished Products

China calls on US to immediately raise tariffs on imports of steel and aluminum

News / By mtaha

China’s Ministry of Commerce demanded on Wednesday that the United States immediately lift tariffs on Chinese steel and aluminum imports. The ministry’s comments came in response to a dispute settlement panel of the World Trade Organization, which concluded that China was imposing additional duties on some imports from the United States. The ministry said, “China …

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US wire rod imports down 8.2 percent in June 2023 and Egypt Ranks Fifth

News / By mtaha

According to final census data from the US Department of Commerce, US imports of wire rod totaled 64,178 mt in June 2023, down 8.2% from May and down 27.2% from June 2022 levels. By value, wire rod imports totaled $67.3 million in June 2023, compared to $74.9 million in May and $105.7 million in June …

US wire rod imports down 8.2 percent in June 2023 and Egypt Ranks Fifth Read More »

Rebar prices decreased in the Kingdom of Saudi Arabia in July 2023

News / By mtaha

According to the General Authority for Statistics, the average price of a tonne of rebar steel in the Kingdom of Saudi Arabia in July 2023 ranged between 2613.52 – 4082.53 Saudi riyals, a decrease between 0.28% and -1.01% compared to June in 2023, and a decrease between -9.31% and -28.75% compared to July 2022. Average …

Rebar prices decreased in the Kingdom of Saudi Arabia in July 2023 Read More »

The Russian Steel Company «Novestal M» intends to expand in Egypt

News / By mtaha

The Russian “Novestal M” Holding Company, which specializes in the reinforcing steel industry, informed the Egyptian government of its desire to expand in the Egyptian market during the next stage, by establishing a factory for it in Egypt, and intensifying cooperation in projects undertaken by the Egyptian state. The Egyptian Minister of Trade and Industry, …

The Russian Steel Company «Novestal M» intends to expand in Egypt Read More »

China’s crude steel output rises by 2.5% in January-July 2023

News / By mtaha

In July alone, China’s outputs of pig iron, crude steel and finished steel totaled 77.6 million mt, 90.8 million mt and 116.53 million mt, increasing by 10.2%, 11.5% and 14.5% year on year, while up 0.81%, down 0.34% and down 2.96%, respectively, month on month, as announced by China’s National Bureau of Statistics (NBS) on …

China’s crude steel output rises by 2.5% in January-July 2023 Read More »

UAE: Rebar prices stabilized for the third month in a row

News / By mtaha

Rebar prices stabilized in the local market in the UAE, for the third month in a row during the current year 2023 (June, July, August) at an average of 2450 dirhams per ton, according to data from manufacturers. Prices recorded a decline of 11%, to 2450 dirhams per ton in June, compared to the same …

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Latest rebar prices update in Egypt is August 15, 2023

News / By mtaha

According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 30,500 – 33,000, EXW. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 33,000, El Marakby Steel EGP 31,500, Egyptian Steel EGP 32,050, and Ashry Steel EGP 32,000. The …

Latest rebar prices update in Egypt is August 15, 2023 Read More »

US Exports of HRC Increased by 24.2% in June 2023

News / By mtaha

According to export data from the US Department of Commerce, total US exports of HRC reached 96,315 tonnes in June 2023, up 24.2% from May and up 59.2% from June 2022. In terms of value, exports of HRC totaled $105.1 million in June, compared to $83.7 million in the previous month and $58.6 million in …

US Exports of HRC Increased by 24.2% in June 2023 Read More »

Steel prices in the second week of August 2023

News / By mtaha

According to the prices announced in the global steel markets, scrap prices amounted to $361/ tonne, $10 up compared to last week’s prices, and iron ore prices $106/ tonne, $1 up compared to last week’s prices, while the prices of billets ranged between 445 – 480 Dollars per tonne, while it was between 4 435 …

Steel prices in the second week of August 2023 Read More »

Turkey’s exports of rebar decreased by 54.4% in H1 2023

News / By mtaha

In June this year, Turkey’s exports of rebar reached 304,493 tonnes, an increase of 48.3% compared to May, and a decrease of 34.5% year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the total revenue generated from these exports was $197.44 million, up 43.2% compared to May and down 49.8% year-on-year. …

Turkey’s exports of rebar decreased by 54.4% in H1 2023 Read More »

Eng. Saeed Al-Rumaithi: Emirates Steel – Arkan is expanding in 3 new markets

News / By mtaha

Saeed Al Rumaithi, CEO of Emirates Steel Group – Arkan, confirmed that the company aims to demonstrate the flexibility of its results in the face of any market turmoil and to continue improving the company’s profitability. Al-Rumaithi said in an interview with Al-Khaleej: “The group owns 65% of iron sales in the local market, and …

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Latest rebar prices update in Egypt is August 7, 2023

News / By mtaha

According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 29,400 – 33,000, EXW. The companies that did not change prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, and Egyptian Steel EGP 32,050. While the companies that reduced prices are Beshay Steel EGP 38,000 to from EGP 33,000, …

Latest rebar prices update in Egypt is August 7, 2023 Read More »

Jordan Steel announces rebar prices for August 2023

News / By mtaha

Jordan Steel Company announced the rebar prices for August for the 60-gauge steel EXW, between 425-435 dinars per tonne without sales tax and between 505-515 dinars per tonne with tax. Grade Price without tax Price with tax Sales / tonnes Sales / tonnes Min Max Min Max 60 425 435 505 515

Emirates Steel achieves 55% of domestic sales and 45% of exports abroad in H1 2023

News / By mtaha

Engineer Saeed Ghamran Al-Rumaithi, CEO of Emirates Arkan Group, said that the company achieved strong financial performance during the first half of 2023, despite the challenges facing the industry, due to the increase in demand from the local market, as the percentage of the company’s sales of steel in the local markets amounted to about …

Emirates Steel achieves 55% of domestic sales and 45% of exports abroad in H1 2023 Read More »

Report: Libyan Iron and Steel Company achieves production above the target in H1 2023

News / By mtaha

The Libyan Iron and Steel Company announced the results of its production and sales during the first of 2023. According to the official report from the company sent to the Arab Iron and Steel Union. The company achieved a production of Hot Briquetted Iron (HBI) amounting to 433.8 thousand tonnes, or 144.6% of the target, …

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Algeria and Egypt are the leading exporters of rebar to US in June

News / By mtaha

According to preliminary statistics data released by the US Department of Commerce, total US imports of rebar reached 193,326 tonnes in June 2023, up 171.5% from May and up 94.3% from June 2022 levels. In terms of value, total rebar imports amounted to $123.0 million in June 2023, compared to $47.6 million in May and …

Algeria and Egypt are the leading exporters of rebar to US in June Read More »

Steel prices in the first week of August 2023

News / By mtaha

According to the prices announced in the global steel markets, scrap prices amounted to $351/ tonne, $1 less compared to last week’s prices, and iron ore prices $105/ tonne, $5 less compared to last week’s prices, while the prices of billets ranged between 435 – 470 Dollars per tonne, while it was between 440 – …

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Report: China’s steel industry in 5 years reveals shocking facts

News, Public Reports / By mtaha

China’s steel industry has increased its reliance on coal-fired projects significantly over the past 5 years, despite concerns about falling profits, oversupply and commitments to cut carbon emissions. China currently produces more than 1 billion tons of steel, accounting for more than half of the world’s production of the metal used mainly in the construction …

Report: China’s steel industry in 5 years reveals shocking facts Read More »

Japan’s steel exports decreased by 2% in H1 2023

News / By mtaha

In June this year, Japan’s iron and steel product exports reached 2.83 million tonnes, down 6.3% month-on-month and 8.4% year-on-year, according to customs statistics from the Japan Iron and Steel Federation (JISF). From January to June this year, Japan’s iron and steel products exports amounted to 16.62 million tonnes, down 2.0% over the same period …

Japan’s steel exports decreased by 2% in H1 2023 Read More »

Egypt: Ezz Steel announces flat steel prices unchanged for the sixth month in a row

News / By mtaha

Ezz Steel Group announced the flat steel prices for August, unchanged for the sixth month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485

Latest rebar prices update in Egypt is August 1, 2023

News / By mtaha

According to daily iron prices follow-up in Egypt, rebar prices ranged between EGP 30,400–38,000, EXW. The companies that did not change prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, Egyptian Steel EGP 32,050, Garhy Steel EGP 37,000 and Ashry Steel EGP 34,000. While the companies that reduced prices are …

Latest rebar prices update in Egypt is August 1, 2023 Read More »

Steel prices in the last week of July 2023

News / By mtaha

According to the prices announced in the global steel markets, scrap prices amounted to $352/ tonne, $3 less compared to last week’s prices, and iron ore prices $110/ tonne, $6 less compared to last week’s prices, while the prices of billets ranged between 440 – 480 Dollars per tonne, while it was between 440 -490 …

Steel prices in the last week of July 2023 Read More »

Al Jazeera Steel invests 250 million dirhams in Kezad

News / By mtaha

“Khalifa Economic Zones Abu Dhabi -Kezad Group” and “Al Jazeera Steel” Company laid the foundation stone for the establishment of a rolling mill for medium structural sections, the first of its kind in the region to manufacture and produce railway rails, with investments amounting to 250 million dirhams on an area of 210 thousand square …

Al Jazeera Steel invests 250 million dirhams in Kezad Read More »

China’s hot rolled steel coils production increased by 9% during the first half of 2023

News / By mtaha

In June, China’s total hot-rolled (HRC) and cold-rolled (CRC) steel coils production were 17.711 million tonnes and 3.465 million tonnes, up 12.9% and 3.0% year-on-year, while it decreased by 0.93% and increased by 2.51% compared to May respectively. From January to June 2023, China’s hot-rolled (HRC) steel coils output reached 100.79 million tonnes, up 9% …

China’s hot rolled steel coils production increased by 9% during the first half of 2023 Read More »

Latest rebar prices update in Egypt is July 25, 2023

News / By mtaha

According to daily iron prices follow-up in Egypt, rebar prices ranged between EGP 31,300–38,000, EXW. Rebar prices varied compared to last week. The companies that did not change prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, Egyptian Steel EGP 32,050, and Garhy Steel EGP 37,000. The companies that raised …

Latest rebar prices update in Egypt is July 25, 2023 Read More »

The European Union calls Washington to find a compromise to end the dispute over steel

News / By mtaha

The European Union Trade Commission warned of the repercussions of the continuation of the US-European steel dispute and called for the need to find a compromise to end the confrontation between the two parties. In 2018, former US President Donald Trump imposed tariffs of 25 per cent on steel and 10 per cent on aluminium …

The European Union calls Washington to find a compromise to end the dispute over steel Read More »

Steel prices in the fourth week of July 2023

News / By mtaha

According to the prices announced in the global steel markets, scrap prices amounted to $355/ tonne, $15 less compared to last week’s prices, and iron ore prices $116/ tonne, $1 less compared to last week’s prices, while the prices of billets ranged between 440 -490 Dollars per tonne, while it was between 450 -490 dollars …

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Latest rebar prices update in Egypt is July 17, 2023

News / By mtaha

Rebar prices ranged between EGP 31,000 – 38,000 EXW; some companies have not changed their prices while some lowered compared to last week, according to daily steel prices follow-up in Egypt. The companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshai Steel EGP 38,000, Egyptian Steel EGP …

Latest rebar prices update in Egypt is July 17, 2023 Read More »

Steel prices in the third week of July 2023

News / By mtaha

According to the prices announced in the global steel markets, scrap prices amounted to $370 / tonne, $9 less compared to last week’s prices, and iron ore prices $117 / tonne, $7 an increase of $7 compared to last week’s prices, while the prices of billets ranged between 450 -490 Dollars per tonne, while it …

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Emirates Steel Arkan and Al Jazeera Steel Products sign a memorandum of understanding in the structural sections field

News / By mtaha

The Emirates Steel Arkan Group signed a memorandum of understanding with Al Jazeera Steel Products Company (AJSP), which specializes in manufacturing iron products in the Sultanate of Oman, to establish a strategic cooperation system that allows them to benefit more from their common experiences and seize new opportunities in the sector. The signing of the …

Emirates Steel Arkan and Al Jazeera Steel Products sign a memorandum of understanding in the structural sections field Read More »