In May this year, Türkiye’s hot rolled steel coils total exports increased by 25.8% compared to April but decreased by 39.8% year-on-year to reach 83,336 tonnes, according to the Turkish Statistical Institute (TUIK). The value of these exports amounted to $63.54 million, which increased 28.7% monthly but down by 56.7% compared to 2022. From January …
The Building Materials Export Council announced that the sectors’ total exports under the umbrella of the Export Council for Building Materials, Refractories, Metal Industries, and Construction and Building recorded from January to May 2023, 3.234 billion dollars, compared to 2022, with 3.183 billion dollars, an increase of 2%. The Export Council indicated that pipe exports …
Egypt: $3.2 billion in building materials exports during January-May 2023 Read More »
According to daily steel prices follow-up in Egypt, rebar prices ranged between EGP 31,000 – 38,000 upon EXW. Some companies fixed their prices while some reduced them compared to last week. Companies that did not change the prices are Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, Egyptian Steel EGP 32,050, …
The latest rebar prices update in Egypt is July 11, 2023 Read More »
Jordan Steel Company announced the rebar prices for July for the 60-gauge steel EXW, between 430-450 dinars per tonne without sales tax and between 500-520 dinars per tonne with tax. Grade Price without tax Price with tax Sales / tonnes Sales / tonnes Min Max Min Max 60 430 450 500 520
The Egyptian Ministry of Trade and Industry issued Decision N° 189 bis for 2023 regarding the dumping duties extension on steel imports from abroad for four years, provided it applies on 1st June 2023. The decision, published in the Official Gazette No. 122, continued on June 1, 2023, said in its first article that the …
According to the prices announced in the global steel markets, scrap prices amounted to $379 / tonne, $1 less compared to last week’s prices, and iron ore prices $110 / tonne, $2 less than last week’s prices, while the prices of billets ranged between 490-530 Dollars per tonne, while it was between 500-540 dollars per …
In June 2023, India’s rolled product exports decreased by 21.4% annually, reaching 502,000 tonnes. This indicator is the lowest since December 2022 due to the demand slowdown in Europe and the competition increased from Asian countries. Rolled product imports into India in June increased by 7.6% year-on-year to reach 484,000 tonnes, the highest number since …
India’s steel exports fell to their lowest level in 6 months Read More »
According to daily iron prices follow-up in Egypt, the rebar prices ranged between EGP 32,050– 38,000, EXW. All steel companies fixed their prices compared to last week. As the following steel companies announced their prices without changing their prices. Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, El Marakby Steel EGP …
The last update of rebar prices in Egypt is on July 04, 2023 Read More »
Industries Qatar Company, “Industries Qatar” or “the Group”, one of the largest industrial companies in the region, with activities in the production of a wide range of petrochemicals, chemical fertilizers and iron and steel products, announced that the Company’s board of directors has approved in principle the proposed acquisition offer of the entire shares of …
Ezz Steel Group announced the flat steel prices for July, unchanged for the Fifth month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485
According to China’s National Bureau of Statistics, in May this year, China’s rebar, wire coil and welded pipe output was 19.929 million tonnes, 11.63 million tonnes and 5.758 million tonnes, down by 8.8%, 13.3% and up by 9.4% year on year, respectively, while decreased by 5.55%, 6.79% and 5.67% monthly, respectively. Rebar prices declined amid …
Rebar production reached 97 million tonnes during January-May 2023 in China Read More »
According to the prices announced in the global steel markets, scrap prices reached $380/tonne, unchanged from the previous week. Iron ore reached $112/tonne, unchanged from last week too, while billets ranged between $500-540 per tonne, which were Between 504 – 550 dollars per tonne last week, and the prices of rebar between 605 – 640 …
In May this year, Japan’s iron and steel product exports reached 3.02 million tonnes, up 13.2% month-on-month and up 0.1% year-on-year, according to customs statistics from the Japan Iron and Steel Federation (JISF). From January to May this year, Japan’s iron and steel product exports amounted to 13.79 million tonnes, down 0.5% over the same …
The UK will maintain the anti-dumping measures on plate steel from China for another five years, stated in a message on the British Government’s website. The Government backed the Trade Remedies Authority’s (TRA) recommendation that the UK industry would suffer if the measures were lifted. In the UK, there are two producers of thick sheet …
The UK extends anti-dumping duties on thick sheet steel from China Read More »
According to export data from the US Department of Commerce, US exports of wire coils totalled 7,173 mt in April 2023, down 28.5 % from March and down by 9.7 % from April 2022. By value, wire coils exports totalled $20.4 million in April, compared to $22.3 million in the previous month and $18.6 million …
The US drawn wire coils were down 28.5 % in April 2023 Read More »
Rebar steel prices in the local market in the UAE declined by 11% to reach 2450 dirhams per ton in June, compared to the same period in 2022, which was approximately 2750 dirhams per ton, while prices recorded a slight increase by 3% compared to the beginning of the year, which amounted to 2380 dirhams …
Rebar steel prices in the UAE fell 11% in June to 2450 dirhams Read More »
According to daily iron prices follow-up in Egypt, the rebar prices ranged between EGP 32,050– 38,000, EXW. Most steel companies fixed their prices compared to last week. As the following steel companies announced their prices without changing their prices. Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, El Marakby Steel EGP …
The latest rebar prices update in Egypt is June 27, 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to 380 dollars/tonne, 8 dollars less compared to last week. Iron ore prices reached 112 dollars/tonne, 4 dollars less. As for billet prices, they ranged between 504-513 dollars per tonne, which were between 515-560 dollars per tonne last week. Rebar prices varied …
Iron and steel prices in the fourth week of June 2023 Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), the Turkish foreign trade deficit in May of this year increased by 17.6% to $12.53 billion compared to May 2022. From January to May this year, Turkey’s foreign trade deficit increased by 29.3% yearly, to reach $56.22 billion. In May, Türkiye’s …
Türkiye’s steel exports decreased by 50.8% during the period from January to May 2023 Read More »
MEED magazine reported that the Al-Oula Steel Manufacturing Company has started operating a new facility for the production of rebar with a production capacity of 250,000 tonnes of rebar annually, according to sources in the industry, who revealed that the operation began last month after three years of development at a total cost of 6 …
A new line for the production of rebar in Kuwait at a cost of 6 million dinars Read More »
Egypt’s rebar production from January to April of this year amounted to 2.216 million tonnes, a decline of 25% compared to the same period last year when it produced 2.955 million tonnes, affected by the unavailability of raw materials. Egypt’s rebar sales from January to April 2023 amounted to about 1.766 million tonnes, declining by …
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 32,050 – 38,000, ex-factory. The prices varied compared to last week. As Ezz Steel Company fixed their prices at EGP 32,135, Suez Steel at EGP 32,050, Beshay Steel at EGP 38,000, El Marakby Steel at EGP 37,500, and Egyptian Steel …
The latest rebar prices update in Egypt is June 19, 2023 Read More »
In April this year, consumption of domestic steel products in Japan amounted to 3.73 million tonnes, down 4.8 per cent from March and up 8.1 per cent year on year, according to data released by the Japan Iron and Steel Association (JISF). Meanwhile, from January to April this year, the country’s domestic steel consumption fell …
Japan’s steel consumption decreased by 8.6% from January to April 2023 Read More »
According to data provided by the Turkish Statistical Institute (TUIK).In April this year, Türkiye’s cold rolled steel coils (CRC) imports increased by 37.9% compared to April 2022. However, it decreased by 10.9% compared to last March, reaching 66,359 tonnes. The value of these imports amounted to $51.52 million, a decrease of 9.8% compared to March …
Türkiye’s cold rolled steel coils imports increased by 26.8% from January to April 2023 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to 387 dollars / tonne, less than 1 dollar compared to last week’s prices, and iron ore prices 116 dollars / tonne, an increase of 1 dollar compared to last week’s prices, while the prices of steel Billets ranged between 515-560 dollars …
Iron and steel prices in the third week of June 2023 Read More »
According to the General Authority for Statistics, the average price of a tonne of rebar in the Kingdom of Saudi Arabia in May 2023 ranged between 2754.97 -4099.14 Saudi riyals, a decrease between -1.19% and -4.15% compared to April 2023, and a decrease between -14.84% and -35.27% compared to May 2022. Average prices and monthly …
Rebar prices decreased in the Kingdom of Saudi Arabia in May 2023 Read More »
Last May, China’s total production of pig iron reached 77.00 million tonnes, crude steel 90.12 million tonnes, and finished steel products 118.47 million tonnes, down by 4.8%, down by 7.3%, down by 1.3%, year on year, while down by 1.08%, and by 2.72% and by 1.23% compared to April, respectively, the National Bureau of Statistics …
China’s steel production increased from January to May 2023 Read More »
Algeria’s exports of building materials last year amounted to 12.18 million tonnes, at about a value of $1.3 billion, compared to $567 million in 2021, an increase of 56% compared to 2021. Building materials represented “Algeria’s most important non-hydrocarbon exports” during the past two years, as their share of total non-hydrocarbon exports amounted to 15% …
Algeria’s exports of building materials increased by 56% in 2022 Read More »
Last May, China exported 8.36 million tonnes of steel products, which is 5.3% more than April’s exports and 7.7% more than May 2022. The average export price in May was $922.2/tonne, lower by $175.3 compared to April and 33.1% compared to May 2022. From January to May 2023, China’s exports of steel products increased by …
China’s steel exports increased by 40.9% during the January-May 2023 period Read More »
According to the daily follow-up of rebar prices in Egypt, rebar steel prices ranged between 32,050 EGP – 38,760 EGP, EXW, as some companies fixed their rebar prices, while some raised them compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP, Beshay Steel 38,000 EGP, El Marakby Steel 37,500 …
The latest rebar prices update in Egypt is June 12, 2023 Read More »