According to the prices of the global steel markets, the scrap price reached 373$/tonne , Iron ore price was 110$/tonne , while the prices of billets ranged between 510 and 510$/tonne, and the prices of rebar ranged between 650 and 660$ / tonne, Wire Rod ranged between 680 and 700$ / tonne. Prices for iron …
According to the prices of the global steel markets, the scrap price reached 358$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 525 and 680$/tonne, and the prices of rebar ranged between 620 and 660$ / tonne, Wire Rod ranged between 680 and 680$ / tonne. Prices for iron …
The Emirates Steel Arkan Group announced that it has fixed rebar prices for August at 2,516 dirhams per tonne, compared to July, for its authorized distributors in the UAE. This price does not include any discount based on quantities, additional charges for sizes or product grade or any other costs applied to the product price, …
Emirates Steel announces rebar prices for August Read More »
Saudi Iron & Steel Company (SABIC Hadeed) issued official prices for longs, decreasing them by SAR 100/t ($26.7/t). The 12‑14 mm rebar will be available at SAR 2,750/t ($733/t) delivered, while 16‑32 mm rebar at SAR 2,700/t ($720/t) delivered. The new offers will be effective from August 1. The wire rod 6.5 mm and above …
Rebar prices decline in Saudi Arabia with the beginning of August Read More »
According to preliminary census data from the US Department of Commerce, US monthly steel imports in June 2022 increased by 2.2 % from May to total 2,550,475 mt. A year-on-year comparison shows a 2.7 % decrease. In terms of value, US steel imports in June totaled $4.02 billion, compared to $3.79 billion in May and …
United Arab Emirates-based steel producer Union Iron & Steel has announced that it had recently obtained the quality mark license as per KWS GSO ISO 6935-2:2012 Grade B500B-R Standard issued by the Public Authority for Industry in Kuwait. Nadeem Ahmed, commercial director at Union Iron & Steel, stated that the company had received official product …
UAE: Expansions of Union Iron & Steel Company in GCC region Read More »
According to the prices of the global steel markets, the scrap price reached 373$/tonne , Iron ore price was 100$/tonne , while the prices of billets ranged between 555 and 680$/tonne, and the prices of rebar ranged between 670 and 700$ / tonne, Wire Rod ranged between 750 and 750$ / tonne. Prices for iron …
Major Chinese steelmaker Baosteel has stated on an interactive platform with investors that it has cut its prices for carbon steel flat products for delivery in August amid declining steel prices in the spot market and more maintenance works being implemented by steelmakers. Though some raw material prices have also indicated obvious decreases, most steelmakers …
Baosteel expects better situation for steel industry in September Read More »
Suez Steel contracted Danieli to upgrade its caster #2 , the target of Suez Steel is to increase the product range through the most flexible caster technology in the world, to satisfy the growing local and international market requests. After the upgrade, the caster –supplied by Danieli in 2011– will be able to produce more …
Suez Steel Company contracts with Danieli to expand capability Read More »
Rebar prices recorded a new decline today in Egypt, as iron prices in the local market decreased by a value ranging between 500-600 pounds per tonne from the costs of last June. Ahmed El-Ziny, Head of the Building Materials Division at the Cairo Chamber of Commerce, indicated that iron prices peaked in April, during which …
Tosyali Algeria (east of Oran) achieved export revenues of 450 million dollars during the first half of this year. In charge of media, Mrs Hakima Kamel stated that, during the first half of this year, Tosyali Company exported 571,000 tonnes of steel products, an increase of 10 per cent compared to the same period last …
Tosyali Algeria achieves exports worth 450 million dollars in H1 2022 Read More »
Egypt AlGioshy Steel Capacity 2019 – 1000 tons COMPANY Long products AlGioshy Steel 300
Egypt ARCOSTEEL Capacity 2019 – 1000 tons COMPANY Long products Semi-finished products EAF steel ARCOSTEEL 200 200 200
Egypt ELOLA Steel Capacity 2019 – 1000 tons COMPANY Long products CR flats ELOLA Steel 120 80
Egypt Egyptian Steel Capacity 2019 – 1000 tons COMPANY Long products Semi-finished products EAF steel Egyptian Steel 1.200 830 830
Ukrainian steelmaker ArcelorMittal Kryvyi Rih, a subsidiary of Luxembourg-based ArcelorMittal, has resumed operations at its rebar (rebar) production line DS-250-5 following a long downtime, according to media reports. The heating of the furnace began last week on July 7 and the first rebar (rebar) with a diameter of 16 mm was produced on July 11. …
Ukraine’s ArcelorMittal Kryvyi Rih resumes rebar production Read More »
According to the prices of the global steel markets, the scrap price reached 408$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 565 and 680$/tonne, and the prices of rebar ranged between 710 and 720$ / tonne, Wire Rod ranged between 750 and 800$ / tonne. Prices for iron …
According to the prices of the global steel markets, the scrap price reached 410$/tonne , Iron ore price was 114$/tonne , while the prices of billets ranged between 545 and 680$/tonne, and the prices of rebar ranged between 710 and 720$ / tonne, Wire Rod ranged between 750 and 800$ / tonne. Prices for iron …
Turkey announced the introduction of anti-dumping duties on the import of flat products, saying that the supplies of European and South Korean companies are detrimental to domestic producers. Import fees will vary from 7% to 12.8% of the purchase price, according to a decree from the Ministry of Commerce, published in the official gazette of …
Turkey imposes anti-dumping duties on steel from Europe and South Korea Read More »
In May this year, Turkey’s rebar exports amounted to 399,478 metric tons, down 22.4 % compared to April and decreasing by 40.8 % year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $352.38 million, decreasing by 13.9 % compared to April …
Turkey’s rebar exports down 11.4 % in January-May Read More »
According to the prices of the global steel markets, the scrap price reached 375$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 500 and 550$/tonne, and the prices of rebar ranged between 660 and 680$ / tonne, Wire Rod ranged between 720 and 750$ / tonne. Prices for iron …
India’s Directorate General for Trade Remedies (DGTR) has announced that it has extended the deadline of its antidumping (AD) duty investigation on electrogalvanized steel imported from South Korea, Japan and Singapore until July 27, 2022. The investigation was launched on June 28, 2021, upon the application lodged by local producer American Precoat Speciality Private Limited, …
India extends AD probe on electrogalvanized steel from three countries Read More »
According to preliminary census data from the US Department of Commerce, US imports of hot rolled sheet totaled 201,678 mt in May 2022, up 11.4 % from April but down 4.0 % from May 2021 levels. By value, HRC imports totaled $246.0 million in May 2022, compared to $208.2 million in April and $190.3 million …
Rebar prices in the local market in the UAE recorded a sudden drop in June, touching 2,530 dirhams per ton, down 16.6% compared to prices last May, which were around 2,950 dirhams per ton, according to sources working in the building materials trade. The sources linked this decline to several reasons, including the drop in …
CMC Steel recently replaced the Danieli Automation Q-One digital power feeder in its existing ladle-furnace transformer, starting operation without any delay to production in the commissioning stage. The innovative features of Q-One allow furnaces to operate at variable frequencies; in fact tests have been executed operating the furnace at CMC Steel Arizona down to 20 …
CMC Steel operates the energy-saving Q-One power feeder from Danieli Read More »
According to the prices of the global steel markets, the scrap price reached 329$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 500 and 580$/tonne, and the prices of rebar ranged between 610 and 660$ / tonne, Wire Rod ranged between 700 and 740$ / tonne. Prices for iron …
Official data revealed that Kuwait imported base and manufactured metals of about 803 million dinars in 2021, and iron and steel products accounted for 71% of the total, with a value of 568 million dinars.
Egypt’s iron and steel exports rose during the period “January-April” of this year by about 1%, recording 472 million dollars, compared to 468 million dollars during the same period last year. The monthly report issued by the Export Council for Building Materials, Refractories and Metal Industries showed that during the first four months of this …
Egypt’s iron and steel exports rose to $472 million within four months Read More »
In the January-May period of the current year, China’s exports of steel bars totaled 2.64 million mt, down 44.3 % year on year, while wire rod exports amounted to 0.82 million mt, down 9.0% year on year. At the same time, China’s export volumes of angles/channels came to 1.24 million mt in the given period, …
China’s steel bar exports down 44.3% in January-May 2022 Read More »
