The increased import duties on flat steel products in Turkey came into effect on May 1. Additional import duties on non-alloy hot-rolled steel coils were increased from 9% to 15%, while hot-rolled steel coils were raised from 6% to 13%. Import duties on sheets have been raised by 9%, 10% and 15% to reach 15-20%, …
Turkey’s increased tariffs on flat steel imports come into effect on May 1 Read More »
In March this year, iron and steel products exports reached 3 million tonnes in Japan, up 14.1% compared to February and down 4.7% compared to March 2022, according to customs statistics from the Japan Iron and Steel Federation (JISF). From January to March this year, Japan’s iron and steel product exports amounted to 8.09 million …
Japan’s steel exports decreased from January to March Read More »
Saudi Arabia is heading to establish the most substantial integrated steel plate manufacturing Complex in Saudi Arabia, after Saudi Aramco, the global company in the field of energy and chemicals, and Baoshan Iron and Steel Co., Ltd. (Baosteel), the Chinese steel conglomerate, and the Public Investment Fund, announced Signing a shareholder agreement to implement the …
Sider El Hadjar Company, affiliated to Sider Group, affiliated to Imetal Group, announced that the Company exported a shipment of first-quality steel coils estimated at 10,000 tonnes through Annaba port to Italy. It also previously announced an export of 380 tonnes of BBLC flat steel coils to Tunisia, and they were transported by land via …
Algeria: Sider El Hadjar exports 10,000 tonnes of steel coils to Italy Read More »
The World Steel Organization (worldsteel) has released its short-term outlook (SRO) for 2022 and 2023, in which the organization expects steel demand to grow by 0.4% in 2022 to reach 1,840.2 million tons after a 2.7% increase in 2021 In 2023, steel demand is expected to grow by 2.2% to reach 1,881.4 million tonnes. These …
World Steel Organization: Expectations for global steel demand growth of 2.2% in 2023 Read More »
According to the daily follow-up of iron prices in Egypt, rebar steel prices ranged between 32,050/40,600 EGP, EWX, as some companies fixed or raised their prices compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP, Beshay Steel 38,500 EGP, El Marakby Steel 38,500 EGP, Egyptian Steel 32,050 EGP, Garhy …
The latest update on rebar prices in Egypt is “May 1, 2023” Read More »
Ezz Steel Group announced the flat steel prices for May, unchanged for the third 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 provisional foreign trade statistics compiled by the Turkish Statistical Institute, in March this year, the value of Türkiye iron and steel imports increased by 1.1% yearly, reaching $2.61 billion. In the given month, iron and steel ranked as the third most valuable product imported from the country. From January to March this …
Türkiye’s steel imports declined by 24.8% during January-March 2023 Read More »
According to the prices announced in the global steel markets, scrap prices reached $403/t, down by $12 from last week, and iron ore prices were $106/t, down by $4 from a week ago. However, steel squares – billets – ranged between $540-575 per tonne, while it was between 545-580 dollars per tonne last week, and …
Iron and steel prices in the last week of April 2023 Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute, in March this year, Türkiye’s foreign trade deficit increased by 0.9% to $8.34 billion compared to March 2022. From January to March of this year, Türkiye’s foreign trade deficit increased 30.7% year-on-year to $34.69 billion. In March, Türkiye iron and steel exports …
Türkiye’s steel exports declined by 49.3% during January-March 2023 Read More »
In March of this year, US steel imports increased to 2.61 million tonnes, or 14.2%, compared to February 2023, according to the American Iron and Steel Institute (AISI). In March, the finished steel products import volume amounted to 1.91 million tonnes, an increase of 9% compared to February 2023. From January to March 2023, US …
According to the daily follow-up of steel prices in Egypt, rebar steel prices ranged between 32,050 EGP – 38,760 EGP, EXW, as prices were fixed compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP , Beshay Steel 38,500 EGP , Elmarakby Steel 38,500 EGP , Egyptian Steel 32,050 EGP , …
The latest rebar price update in Egypt is on 26 April 2023 Read More »
In February this year, Türkiye’s cold-rolled steel flat imports(CRC) amounted to 57,296 tonnes, an increase of 4.5 per cent compared to February last year and a decrease of 17.2 per cent compared to January 2023, according to preliminary data provided by the Turkish Statistical Institute (TUIK). In terms of value, the total revenues from these …
Türkiye’s cold-rolled flat steel imports increased by 24.3% in February Read More »
After four months of price hikes, Emirates Arkan Steel announced rebar prices for May at AED 2,541 per tonne (US$692 per tonne) CPT Abu Dhabi and AED 2,549 per tonne (US$694 per tonne) CPT Dubai. As prices rolled back to March levels and decreased from April by 129 dirhams per tonne ($35 per tonne), owing …
Emirates Steel Arkan announces a descend in rebar prices in May Read More »
In March of this year, China’s rebar production, wire coil and welded pipe reached 23.284 million tonnes, 13.533 million tonnes and 6.456 million tonnes, up 12.1 per cent, 9.7 per cent, and 20.4 per cent, respectively, year on year. From January to March, China’s total rebar production reached 57.16 million tonnes, up 1.6 per cent. …
China’s rebar production increased from January to March 2023 Read More »
According to the prices announced in the global steel markets, scrap prices reached $418/t, down $12 from last week. Iron ore prices were $110/t, down $9 from last week, while steel billets ranged between $545-580 per tonne, which were Between 550 – 590 dollars per tonne in the third week of April, and rebar steel …
Iron and steel prices in the fourth week of April 2023 Read More »
Rebar prices in Jordan have stabilized during April, without any changes from March prices, as rebar selling prices per tonne, grade 60, range between 465 and 485 dinars per tonne, without sales tax and between 555 and 575 dinars per tonne with tax. Grade Price without tax Price with tax Sales / tonnes Sales / …
In March 2023, Ukraine’s flat steel products exports increased by 67.3% compared to February 2023, reaching 58.43 thousand tonnes. In monetary terms, these products’ exports increased by 61.4% monthly to reach $38.17 million and by 75.8% compared to March 2022, according to Government Customs Department data. In January-March 2023, Ukraine exported 122.89 thousand tonnes of …
Ukraine’s flat steel exports increased by 67% in March Read More »
According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 32,050 EGP – 38,760 EGP , the factory land was delivered, as some companies fixed their prices and others raised their prices compared to last week. The prices of Ezz Steel amounted to 32,135 EGP , Suez Steel 32,050 …
The last update of rebar prices in Egypt is April 18, 2023 Read More »
According to the General Authority for Statistics, rebar steel average prices a tonne in the Kingdom of Saudi Arabia in March 2023 ranged between 2900.96 – 4147.23 Saudi riyals, with a decrease between -0.36% – 1.46% compared to February 2023 and a decrease between -5.82% – 22.42% compared to March 2022. Average prices and the …
Rebar prices decreased in the Kingdom of Saudi Arabia in March 2023 Read More »
During the first quarter of this year, Algerian Qatari Steel exported 320,000 tonnes of its products (building steel, wire coils and slabs), at nearly $200 million, to various international markets. The Algerian-Qatari steel company’s export activities have developed significantly during the current year, which enabled it to win the bet that its products would reach …
South Korean steelmaker POSCO and Japanese automaker Honda announced the start of a comprehensive partnership agreement to achieve carbon neutrality. Posco Group Chairman Choi Jeong-woo and Honda President Toshihiro Mibe attended the signing ceremony at the Posco Center in Seoul. Based on the agreement, discussions will revolve around environmentally friendly steel for carbon neutrality, the …
POSCO from Korea and Honda from Japan are collaborating to achieve carbon neutrality Read More »
The General Company for Iron and Steel, one of the Ministry of Industry and Minerals formations in Basra Governorate in Iraq, announced the commencement of the installation work for the steel plant equipment and its engineering services. Abbas Hayal, the Company general manager, said in a statement that the Company has begun the process of …
According to the Turkish Official Gazette, on April 8, Turkey initiated the fourth revision of anti-dumping (AD) duties on steel pipes and fittings from Brazil, Bulgaria, China, India, Indonesia and Thailand and the respective products were classified under HS code 7307.19. In April 2018, the Turkish authorities made a final decision to extend AD anti-dumping …
According to the prices announced in the global steel markets, scrap prices reached $430/tonne, down by $8 from last week, and iron ore prices $119/tonne, down by $1 from last week, while steel billet prices ranged between $550-$590 per tonne, which were between $555-$600 per tonne in the second week of April. The rebar steel …
Japanese forging company Ohmi Press Works and Forging has placed an order with SMS group for a RAW 500/400-4500/800 EH radial-axial ring rolling machine. This ring rolling machine is scheduled to go into operation in May 2024 at OHMI’s Shigaraki plant, providing larger, heavier rings for a wide range of applications in the automotive, shipbuilding, …
In March 2023, Ukraine’s production of rolled products increased by 29.9% compared to last February and 69.5% compared to March 2022, reaching 434,000 tonnes. Cast iron production increased in March 2023 by 32% compared to February 2023 and 112.8% compared to March 2022, reaching 466,000 tonnes. Steel production for this month reached 527,000 tonnes, a …
Ukraine’s production of rolled products increased by 29.9% in March Read More »
In February 2023, US steel exports increased by 7.9 per cent from January to 713,250 tonnes and an increase of 8.2 per cent compared to February 2022, according to export data from the US Department of Commerce. In terms of value, US steel exports totalled $1.25 billion in February, compared to $1.23 billion in January …
US steel exports increased by 7.9% in February 2023 Read More »
According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 32,050 EGP – 38,500 EGP, as some companies fixed their prices and some raised their prices compared to last week. The prices of Ezz Steel amounted to 32,135 EGP , Suez Steel 32,050 EGP, Beshay Steel 38,500 EGP , …
The last update of rebar prices in Egypt is April 10, 2023 Read More »
Based on the latest Department of Commerce Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reports that steel import permit applications for March totalled 2,705,000 net tons (NT)*. This represents an increase of 23.1% over the 2,198,000 declaration tons recorded in February and 18.2% from the total conclusive imports …