Finished Products

The UAE extends duties on reinforcing steel imports until November 7, 2023

Dubai Customs institution has extended the application of customs duties on reinforcing steel and wire coils imports by 10% until November 7, 2023. The decision came in addition to Customs Declaration No. 10/2022, and based on the letter of the Federal Authority for Identity and Nationality, Customs and Ports Security dated January 16, 2023, which …

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Morocco begins an investigation into a protection duty extension on flat steel imports

After several years of imposing protective duties on HR flat steel imports, the Moroccan government intends to conduct an investigation aimed at maintaining the imposition of duties. Ministry of Industry and Trade announced the start of an investigation into extending the preventive measures imposed on flat steel products imports from January 26, 2023, according to …

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Turkey’s HRC flats imports decreased by 20.8% in the period January-November 2022

In November last year, Turkey’s imports of hot-rolled (HRC) steel flats decreased by 61.6% year-on-year to 161,977 tonnes, down 30.0% compared to October. Revenues from these imports amounted to $111.19 million, declining by 25.2% monthly and 71.6% compared to the same month in 2021. From January to November, Turkey’s imports of hot-rolled steel (HRC) flats …

Turkey’s HRC flats imports decreased by 20.8% in the period January-November 2022 Read More »

Steel prices in the third week of January 2023

According to the prices of the global steel markets, the scrap price reached 405$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 535 and 595$/tonne, and rebar prices ranged between 690 and 710$ / tonne.

Egypt’s iron and steel exports amounted to $1.3 billion from January to November 2022

Egypt’s iron and steel exports recorded about $1.302 billion from January to November 2022, compared to $1.672 billion during the same period of the previous year, a decline of 20%. The report issued by the Export Council for Building Materials, Refractories and Metallurgical Industries revealed that Spain ranked first in the import of iron and …

Egypt’s iron and steel exports amounted to $1.3 billion from January to November 2022 Read More »

Steel prices in the second week of January 2023

According to the prices of the global steel markets, the scrap price reached 417$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 540 and 590$/tonne, and rebar prices ranged between 715 and 720$ / tonne.

Minister of Military Production: Armoured steel is a strategic product

Engineer Muhammad Salah El-Din Mustafa, Minister of State for Military Production, inspected the Abu Zaabal Company for Engineering Industries (Factory 100 Military), and affiliated with the Ministry of Military Production, accompanied by a several officials from the Ministry and the National Authority for Military Production. Where the Minister of State for Military Production was briefed …

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Ezz Steel announces flat steel prices

Ezz Steel announced the prices for flat steel, as of  Sunday, December 18, 2022. 28,335 EGY/tonne EXW, and 25,800 EGY/tonne, including value-added tax. Statement including VAT Flat Steel 28,335

Steel prices in the first week of January 2023

According to the prices of the global steel markets, the scrap price reached 419$/tonne, the iron ore price was 116$/tonne, the prices of billets ranged between 325 and 570$/tonne, and rebar prices ranged between 695 and 705$ / tonne, wire rod ranged between 700 and 700$/tonne.

UAE: A new industrial complex for the production of cold and hot rolled with a capacity of 500,000 mt

Khalifa Economic Zones Abu Dhabi – Kizad Group signed a preliminary agreement with Dana Steel Company, the leading manufacturing unit within the Dana Industrial Group, to establish the first industrial complex for the production of cold and hot rolled steel, in the Emirate of Abu Dhabi. Under the terms of the agreement, Dana Steel will …

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Steel prices on the last day of 2022

According to the prices of the global steel markets, the scrap price reached 401$/tonne , Iron ore price was 116$/tonne , while the prices of billets ranged between 510 and 555$/tonne, and the prices of rebar ranged between 670 and 690$ / tonne, Wire Rod ranged between 700 and 700$ / tonne.

Japan’s steel exports decline by 6.2% in January-November 2022

In November this year, Japan’s iron and steel product exports reached 2.78 million tonnes, up 12.1% month-on-month and down 3.6% year-on-year, according to customs statistics from the Japan Iron and Steel Federation (JISF). From January to November this year, Japan’s iron and steel product exports amounted to 29.63 million tonnes, down 6.2% over the same …

Japan’s steel exports decline by 6.2% in January-November 2022 Read More »

China’s rebar production decreased by 8.1% in January-November 2022

From January to November this year, China’s rebar total production reached 218.151 million tonnes, down 8.1% year on year, according to China’s National Bureau of Statistics. In the first 11 months, wire coil output reached 130.346 million tonnes, down 7.7% yearly. In November alone, China’s rebar and wire coil output reached 19.785 million tonnes and …

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Steel prices in the fourth week of December 2022

According to the prices of the global steel markets, the scrap price reached 387$/tonne , Iron ore price was 111$/tonne , while the prices of billets ranged between 513 and 555$/tonne, and the prices of rebar ranged between 660 and 670$ / tonne, Wire Rod ranged between 670 and 690 $ / tonne.

UAE: Conaris inaugurates a coloured steel products factory with a capacity of 100,000 tonnes

Conaris, the second largest private sector steel producer in the UAE, has announced its coloured steel products factory official opening in Jebel Ali Free Zone (Jafza) in Dubai. The new and modern facilities, which were developed with a 150 million-dirham investment within the Conaris facilities in the south of Jafza, extend over an area of …

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Egypt’s iron and steel exports amounted to $1.1 billion, in January to October 2022

Egypt’s iron and steel exports declined by 23%, to record about $1.146 billion during the first 10 months of 2022, compared to $1.481 billion in the same period last year. The Export Council for Building Materials, Refractories and Metallurgical Industries indicated that 10 countries acquired 75.3% of Egypt’s iron and steel exports, at a value …

Egypt’s iron and steel exports amounted to $1.1 billion, in January to October 2022 Read More »

The decline in Turkey’s exports of HR flats to the regions of the world and its increase in the Arab countries

In October this year, Turkey’s HR flats exports decreased by 49.4% year-on-year to 141,059 tonnes, according to data from the Turkish Statistical Institute (TUIK). From January to October this year, Turkey’s HR flats exports reached 1.588 million tonnes, a decrease of 23.9% compared to last year. Despite the decline in Turkey’s HR flats exports to …

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Tosyali Algeria achieved exports exceeding $800 million during January-September 2022

The iron and steel complex Tosyali Algeria (Oran) achieved export revenues exceeding $800 million during the first nine months of 2022. Member of the Board of Directors Alp Topkyoglu said in a statement to the APS that Tosyali Company had exported more than 1.1 million tonnes of iron products, with a slight increase compared to …

Tosyali Algeria achieved exports exceeding $800 million during January-September 2022 Read More »