In January-November 2022, China’s steel companies reduced steel production by 1.4% compared to the same period in 2021 – to 935.11 million tons. The production of steel products in China for 11 months reached 1.225 billion tons, decreasing by 0.7% to January-November 2021. The output of pig iron during this period decreased by 0.4% y/y …
China’s steel production is 935.11 million t in January-November 2022 Read More »
Ezz Steel announced the prices for flat steel, as of Sunday, December 18, 2022. 22,877 EGY/tonne EXW, and 25,800 EGY/tonne, including value-added tax. Statement EXW including VAT Flat Steel 22,877 25,800
China’s steel exports rose by 8% o 5.59 million tonnes (mnt) in November 2022 as compared with 5.18 mnt in the previous month, according to the China’s General Administration of Customs. On a yearly basis, export volumes increased by 28% as against 4.36 mnt seen in November 2021. During the first eleven months of 2022 …
According to export data from the US Department of Commerce, US exports of rebar totaled 16,141 mt in October 2022, up 21.4% from September but down 10.5% from October 2021. By value, rebar exports totaled $15.7 million in October, compared to $13.7 million in the previous month and $18.3 million the same month last year. …
According to the prices of the global steel markets, the scrap price reached 385$/tonne , Iron ore price was 112$/tonne , while the prices of billets ranged between 512 and 630 $/tonne, and the prices of rebar ranged between 670 and 680$ / tonne, Wire Rod ranged between 680 and 690 $ / tonne.
Tata Steel Long Products has awarded Danieli with the order for a new SBQ bar and wireod mill to be installed in Jamshedpur –East Singhbhum district of Jharkhand– the first planned industrial city in India. It will produce 500,000 tpy of bars and wirerod. The new mill will roll 150×150, 200×200 and 240×200 square billets …
Tata Steel Selects Danieli for Its New SBQ Mill Project Read More »
International credit rating agency Fitch Ratings has stated that the global steel sector will not fully recover in 2023 from the supply-demand shift in favour of the end-markets amid reduced consumption in the second half of this year. Since the global economic slowdown has ended the period of exceptionally high prices supported by pent-up demand …
ٌReport : Steel markets will normalise in 2023, excluding China Read More »
The Secretary-General of the Emirates Iron Producers Committee and Senior Vice President of Marketing at the Emirates Arkan Steel Group, Mohammed Salem Al-Afari, stated on the sidelines of the “Big Five” construction exhibition at the Dubai World Trade Center that the volume of consumption of reinforcing steel products in the local market since the beginning …
UAE: Rebar prices decline 20% during the second half Read More »
Ezz Steel Group announced the prices for flat steel, as of Monday, December 12, 2022. 20,877 EGY/tonne EXW, and 23,800 EGY/tonne, including value-added tax. Statement EXW including VAT Flat Steel 20,877 23,800
The World Trade Organization said tariffs on steel and aluminum imports by the United States in 2018 were illegal in a ruling on a dispute published by arbitrators on Friday, December 9. The ruling concluded that the administration of then-US President Donald Trump violated the rules of the Trade Organization, and the plaintiffs were China, …
WTO: US tariffs on steel and aluminum are illegal Read More »
Mohamed Salem Al-Afari, Secretary General of the Emirates Steel Producers Committee and Senior Vice President of Marketing at the Emirates Arkan Steel Group, said: The value of sales of the reinforcing steel market in the country during 2022 amounts to about 4.5 billion dirhams, while the volume of domestic consumption is estimated since the beginning …
According to the prices of the global steel markets, the scrap price reached 385$/tonne , Iron ore price was 112$/tonne , while the prices of billets ranged between 515 and 522$/tonne, and the prices of rebar ranged between 675 and 680$ / tonne, Wire Rod ranged between 690 and 705$ / tonne.
According to export data from the US Department of Commerce, monthly steel exports in October 2022 decreased 3.6 % from September to total 632,670 mt. A year-on-year comparison shows a 3.1 % decrease. In terms of value, US steel exports in October totaled $1.21 billion, compared to $1.26 billion in September and $1.14 billion in …
According to preliminary census data from the US Department of Commerce, US imports of cold rolled sheet totaled 129,098 mt in October 2022, up 25.5% from September and up 17.8 % from October 2021 levels. By value, CRC imports totaled $163.1 million in October 2022, compared to $146.8 million in September and $181.7 million in …
A US agency revealed that the United States and the European Union are considering imposing new tariffs on Chinese steel and aluminum as part of the fight against carbon dioxide emissions Bloomberg reported, citing sources familiar with the situation, that the idea originated in the administration of US President Joe Biden, but it is still …
US and European Union are considering imposing new tariffs on Chinese steel and aluminum Read More »
According to the prices of the global steel markets, the scrap price reached 378$/tonne , Iron ore price was 107$/tonne , while the prices of billets ranged between 495 and 555$/tonne, and the prices of rebar ranged between 660 and 680$ / tonne, Wire Rod ranged between 680 and 680$ / tonne.
Rebar prices in Egypt recorded an increase between 780 and 1700 EGP in the past few days as a result of the rise in dollar prices in the local market, as rebar prices are affected by the prices of imported raw materials. rebar prices vary from one region to another, according to the cost of …
Japan’s Ministry of Finance has announced that it has decided to impose antidumping duties on imports of galvanized steel wire originating in China and South Korea for a period of five years, following an investigation which started on June 14, 2021. The antidumping duties are at 26.5% – 41.7% for China and 9.8% – 24.5% …
Japan imposes AD duties on galvanized steel wire from China and S. Korea Read More »
Trade authorities in Mexico have extended until June 2026 the antidumping duty of 29.3% on the import of hot rolled coil (HRC ) manufactured in Russia or Russian products imported from any other country. The duty covers products under HTS codes 7208.10.02, 7208.25.99, 7208.37.01 and 7225.30.03 of the General Import and Export Tax Law (TIGIE), …
Mexico extends AD duties on Russian HRC until 2026 Read More »
According to the General Authority for Statistics, the average price of a ton of iron in the Kingdom of Saudi Arabia in October ranged between 3189.14 – 4285.41 Saudi riyals, with an increase of 1.02% – 5.15% compared to September 2022, and a decrease between -0.14% – -1.76% compared to October 2021. Average Prices monthly …
Despite numerous challenges, among which are the global economic headwinds and local political instability, a new steel facility has been commissioned in Iraq. Rather positive long-term prospects for rebar demand are the main reason for capacity expansion taking place in the Kurdistan region. Iraq’s Galiawa Group announced the launch of the second rolling mill at …
Iraq’s Van Steel launches commercial rebar production Read More »
In September this year, domestic steel product consumption in Japan amounted to 3.91 million metric tons, rising by 3.1 % compared to August and declining by 7.3 % year on year, according to the data released by the Japan Iron and Steel Association (JISF). Meanwhile, in the January-September period this year, domestic steel consumption in …
Japan’s steel consumption down 7.1% in Jan-Sept 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 353$/tonne , Iron ore price was 100$/tonne , while the prices of billets ranged between 480 and 540$/tonne, and the prices of rebar ranged between 635 and 650$ / tonne, Wire Rod ranged between 670 and 670$ / tonne.
In October this year, China’s exports of steel bars amounted to 0.65 million mt, up 79.5% year on year and rising by 14 % month on month, while exports of wire rod and angles/channels amounted to 160,000 mt and 320,000 mt, up 4.0 % and up 151 % year on year, while increasing by 6.7 …
The Indian government heeded local producers’ pleas and abolished export duties on the main iron and steel products. The suppliers now intend to increase domestic prices. On November 18, the Indian Ministry of Finance lifted export duties on carbon flats as well as carbon and alloy longs. The duties for pig iron, pellets and iron …
India abolishes export duty on key iron and steel products to boost local industry Read More »
In the January-October period this year, China’s rebar production totaled 198.344 million mt, down 13.8% year on year, according to China’s National Bureau of Statistics (NBS). In the first ten months, Chinese wire rod production amounted to 119.558 million mt, down 8.4% year on year. In October alone, China’s rebar and wire rod production amounted …
China’s rebar output down 9.5% in January-October 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 339$/tonne , Iron ore price was 99$/tonne , while the prices of billets ranged between 480 and 580$/tonne, and the prices of rebar ranged between 620 and 635$ / tonne, Wire Rod ranged between 640 and 660$ / tonne.
In September of this year, Turkey’s rebar exports reached 507.660 tonnes, down 12.3 per cent compared to August and down 29.4 per cent year on year, according to preliminary data from the Turkish Statistical Institute (TUIK). Meanwhile, the total revenue generated by these exports amounted to $340.24 million, down by 10.8% compared to August and …
Turkey’s rebar exports decreased by 17.8% from January to September 2022 Read More »
Rebar prices in Egypt have risen between 1700 to 1980 pounds during the past days as a result of the rise in dollar prices in the local market and the increase in interest, as iron prices are affected by the prices of imported raw materials. Today’s rebar prices are as follows: Company EGP/ton Ezz Steel …
Rebar prices in Egypt for the month of November 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 340$/tonne , Iron ore price was 92$/tonne , while the prices of billets ranged between 490 and 580$/tonne, and the prices of rebar ranged between 6250and 64$ / tonne, Wire Rod ranged between 645 and 680$ / tonne.