Finished Products

Türkiye’s wire rod exports decreased by 60.2% during the January-April period

In April this year, Türkiye’s wire rod exports amounted to 26,849 tonnes, down by 17.8% compared to March and up 72.8% year on year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the total revenue generated from these exports was $19.7 million, down 18.2% compared to March and up 77.3% year-on-year. …

Türkiye’s wire rod exports decreased by 60.2% during the January-April period Read More »

SMS Group installs a new X-Pact® automation system to a hot rolling mill for ArcelorMittal Company in Brazil

SMS Group has successfully upgraded the existing automation system at ArcelorMittal’s hot-rolling unit in Tubarao, Brazil. The unit, which had been in operation for twenty years had been retrofitted by another supplier where extensive preparation and close collaboration between the parties involved made it possible to upgrade during regular annual shutdowns without the need for …

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Britain has extended the duties abolition imposed on Ukrainian steel imports for one year

The Government of Great Britain (UK) has accepted the recommendation of the UK Trade Remedies Authority (TRA) to extend the suspension of anti-dumping measures on flat steel and hot rolled steel coils imports from Ukraine for another 12 months. This was stated in the message on the British government website. Anti-dumping duties on the import …

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Algerian Qatari Steel targets exports of more than $300 million in 2023

The Complex of the Algerian Qatari Steel Company (AQS) in Bellara, Jijel Province, aims to exceed $300 million in exports in 2023 against $160 million in 2022. In the first quarter of this year, the Company exported about $200 million. The Company Director of communications and public relations, Mouloud Louâil, explained in statements to the …

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The European Union extends anti-dumping duties on imported thick-rolled steel from China

The European Commission (EC) extended the EU’s anti-dumping duties on certain types of thick rolled-steel imports from China. The duty rate remained at 65.1%-73.7% level. The relevant decision was made after the post-tariff anti-dumping investigation was conducted in 2017. Products are governed by CN Codes ex 7208 51 20, ex 7208 51 91, ex 7208 …

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Emirates Steel Arkan doubled its profits during the first quarter of 2023

Emirates Steel Arkan announced growth in its revenues and profits during the first quarter of 2023. Net profit amounted to 152.2 million dirhams, compared to 72.6 million dirhams for the same period in 2022, an increase of 110%. Several factors contributed to achieving the upbeat performance for the first quarter of 2023, including the increase …

Emirates Steel Arkan doubled its profits during the first quarter of 2023 Read More »

Morocco’s steel production rose by 26% in 2022

Steel sector in Morocco managed to achieve strong results last year despite many challenges and the unfavourable global geopolitical situation due to the Russian-Ukrainian war, large fluctuations in prices and supply chains interruption. Steel industry benefited from the commercial activity recovery after controlling the Coronavirus pandemic and the increase in demand as of huge investments …

Morocco’s steel production rose by 26% in 2022 Read More »

Algeria tops the countries exporting rebar steel to the United States in March

According to preliminary statistics data issued by the US Department of Commerce, the total US rebar steel imports amounted to 76,844 tonnes in March 2023, a decrease of 38.8 per cent from February and a decrease of 47.8 per cent from March 2022 levels. By value, total rebar imports amounted to $53.6 million in March …

Algeria tops the countries exporting rebar steel to the United States in March Read More »