During 2022, Egypt’s rebar steel consumption increased to 7.895 million tonnes, compared to a consumption volume of 7.344 million tonnes in 2021, with a growth rate of 8%, as a result of the increase in consumption directed to private construction. However, high inflation rates began to limit this. The consumption rate in the fourth quarter …
According to the prices announced in the global steel markets, scrap prices reached $438/tonne, down by $2 from last week, and iron ore prices $120/tonne, down by $7 from last week, while steel billet prices ranged between $555-$600 per tonne, which were between $575 – $620 per tonne in the first week of April. The …
Although the rebar market typically slows down during the month of Ramadan, prices in the UAE are on the rise due to the high demand. As “Emirates Steel – Arkan” the group announced rebar steel prices for its authorized distributors in the local market for April at 2,669 dirhams per tonne ($727 per tonne) CPT …
Rebar steel prices increased in the UAE in April Read More »
Universal Rolling Company, the only rebar steel company in Bahrain, announced rebar steel prices for April at 255-257 Bahraini dinars/t ($ 676-681/t), EXW for all sizes, unchanged from its last level. Prices are adjusted based on the billet prices trend. The Company’s rebar production capacity is 275,000 tonnes per year, with sizes ranging from 8 …
Touggourt – A new iron and metal conversion plant has entered the practical production stage in the municipality of Temacine, in the province of Touggourt, with a production capacity of 200,000 tonnes annually of various ferrous materials, after taking advantage of the measures to remove obstacles that were approved for investment projects, according to officials …
In 2022, global stainless steel production decreased by 5.2% compared to 2021, reaching 55.3 million tonnes. In 2022, Europe’s production decreased by 12.4% compared to 2021, especially in Ukraine, reaching 6.29 million tonnes. The United States production fell by 14.8% yearly, reaching 2.02 million tonnes. In Asia, excluding China and South Korea, stainless steel production …
World stainless steel production drops by 5.2% in 2022 Read More »
Dubai Customs decided to extend the work to raise the customs duties imposed on rebar and wire rod from 5 to 10% until October 12, 2025. This comes after the department issued a similar decision, dating back to January 20, 2023, extending the increase in customs duties on rebar and wire rod until November 7, …
UAE: Extending customs duties on rebar until October 2025 Read More »
According to preliminary statistics data issued by the US Department of Commerce, total US imports of rebar reached 96,543 tonnes in February 2023, up 4.9% from January but down 30.6% from February 2022 levels. By value, total US imports of rebar reached $68.2 million in February 2023, compared to $71.7 million in January and $112.4 …
US imports of rebar increased by 4.9% in February Read More »
According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 27,000 EGP – 38,500 EGP , as some companies 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 , Elmarakby Steel 34,000 …
The last update of rebar prices in Egypt is April 03, 2023 Read More »
State Company for Iron and Steel and Ibn Majid General Company signed a steel plant equipment installation contract in the company. The Director General of State Company for Iron and Steel , Abbas Hayal, explained to the National Iraqi News Agency, based on the Prime Minister’s directives, Eng. Mohammed Shia Al-Sudani. And within the plan …
According to the steel prices announced in the global steel markets, scrap prices reached $440 / tonne, down $13 from last week, and iron ore prices was $127 / tonne, up $6 from last week, while the prices of billets ranged between $575-$620 per tonne, while it was between $590 – $630 / tonne in …
According to Dubai Statistics Center data, cement prices in the UAE recorded a growth rate ranging between 7.7% and 15% during 2022. Ready-mix concrete prices rose by about 9.8%, and rebar steel declined by 19%. Salt-resistant cement increased by 7.7%, from 14.53 dirhams per bag of 50 kg to 15.66 dirhams, while the price of …
China’s exports of steel products reached 12.19 million tonnes during the January-February period, up by 49% over the previous year, according to data from the General Administration of Customs. Exports totalled $14.98 billion, up by 27.5% year on year, which made the average export price reach 1228.69 Yuan/t, down by 14.4% year on year. In …
China’s steel exports increased by 49% from January to February Read More »
According to preliminary statistics data issued by the US Department of Commerce, monthly steel imports in the United States during February 2023 decreased by 13.5% compared to January, reaching 2,048,269 tons, and decreased by 4.1% compared to February 2022. In terms of value, US steel imports totalled $2.79 billion in February, compared to $3.29 billion …
According to the prices of the global steel markets, the scrap price reached 453$/tonne, the iron ore price was 121$/tonne, the prices of billets ranged between 590 and 630$/tonne, and rebar prices ranged between 720 and 740$ / tonne.
In January this year, Turkey’s hot rolled steel coils (HRC) exports decreased by 66.5% year-on-year to reach 45,129 tonnes, down by 32.1% compared to December 2022, according to data from the Turkish Statistical Institute (TUIK). The revenue value from these exports amounted to $30.76 million, a decrease of 74.7% compared to the same month in …
Turkey’s hot rolled steel coils exports decreased by 66.5% in January Read More »
Final steel prices from January to February this year witnessed a slight upward trend amid the easing of Covid-19 measures and a slight improvement in demand from steel users, according to the China Iron and Steel Association (CISA). From January to February, China’s average daily crude steel production was 2.859 million tonnes, up by 13.8 …
China Iron and Steel Association: China’s steel prices rose in March Read More »
According to the Turkish Statistical Institute data (TUIK), Turkish wire rod exports decreased by 21.6% this January compared to the same month last year to reach 45,989 tonnes, an increase of 45.7% compared to the previous month. These export revenues amounted to 32.15 million dollars, an increase of 47.9% compared to December 2022, and a …
Turkey’s wire rod exports decreased by 21.6% in January 2023 Read More »
According to the General Authority for Statistics, the average iron price per tonne in the Kingdom of Saudi Arabia in February 2023 ranged between 2943.91 – 4284.07 Saudi riyals, a decrease between -2.85% – 3.91% compared to January 2023, and a decline between-3.04% – 17.27% compared to February 2022. Average prices and monthly and annual …
Average rebar prices in the Kingdom of Saudi Arabia during February 2023 Read More »
Ezz Steel announced the prices of flat steel as of Monday, March 20, 2023 . 34,485 EGY/tonne EXW, including value-added tax. Statement including VAT Flat Steel 34,485
The United States will extend anti-dumping duties on wire coil imports made of certain alloy steels from 10 countries. The aim of the investigation was that the import of these products from “Belarus, the Russian Federation, Ukraine, Italy, South Korea, South Africa, Spain, Turkey, the United Arab Emirates and the United Kingdom” affects the local …
The United States extends anti-dumping duties on wire coils from 10 countries Read More »
According to the prices of the global steel markets, the scrap price reached 460$/tonne, the iron ore price was 132$/tonne, the prices of billets ranged between 595 and 630$/tonne, and rebar prices ranged between 735 and 750$ / tonne.
The Jordan Chamber of Industry, in agreement with the local steel factories, issued a guiding bulletin for the selling prices of locally manufactured reinforcing steel in the Kingdom. According to the bulletin, the selling price of a ton of rebar grade 60 from the factory land and loaded on the back of the car ranges …
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 34,700 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 29,285 Suez Steel 29,200 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 29,200 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 34,700 El …
The last update of rebar prices in Egypt is March 15, 2023 Read More »
The prices of flat steel for Ezz Steel amounted to 31,635 EGY/tonne EXW, which are the same prices announced by the company on March 7, including value-added tax. Statement including VAT Flat Steel 31,635
According to the prices of the global steel markets, the scrap price reached 462$/tonne, the iron ore price was 130$/tonne, the prices of billets ranged between 605 and 650$/tonne, and rebar prices ranged between 750 and 770$ / tonne.
Dubai Customs Department extended the work to raise the customs duties it imposed on reinforcing steel and steel coils from 5% to 10% until November 7, 2023. The department increased its customs duties on rebar steel and steel coils as of January 17, 2019, as it increased the percentage of fee tariffs from 5% to …
UAE extends raising customs duties on reinforcing steel by 10% instead of 5% Read More »
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 30,000 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 29,285 Suez Steel 29,200 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 29,200 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 27,000 El …
The last update of rebar prices in Egypt is March 9, 2023 Read More »
On February 20 this year, the total domestic inventory of the five major finished steel products in 21 principal cities in China reached 13.72 million tonnes, up by 1.0 million tonnes or 2.3 per cent compared with February 10, the China Iron and Steel Association (CISA) announced. In particular, as of February 20, domestic inventories …
China’s finished steel products stock rose 2.3% in mid-February Read More »
Based on Bureau data preliminary Census, the American Iron and Steel Institute (AISI) reports that in January 2023, the United States imported 2,607,000 tonnes (NT) of steel, up by 18.3% compared to December 2022 and down by 14.4% compared to January 2022, including 2,000,000 tonnes (NT) of finished steel products, up 7.3% compared to December …
US steel imports account for 24% of the market share Read More »