According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia decreased in May 2022 to 4278.38 riyals, down by 14 riyals compared to the price of April 2022, which amounted to 4292.81 riyals, and up by 927 riyals compared to May 2021, which amounted to 3351.19 riyals. …
In the January-May period of the current year, China’s outputs of pig iron, crude steel and finished steel amounted to 360.87 million mt, 435.02 million mt and 549.31 million mt, decreasing by 5.9 %, 8.7 % and 5.1 %, respectively, year on year, as announced by China’s National Bureau of Statistics (NBS). Though the production …
China’s steel output down 8.7% in January-May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 363$/tonne , Iron ore price was 121$/tonne , while the prices of billets ranged between 545 and 640$/tonne, and the prices of rebar ranged between 695 and 710$ / tonne, Wire Rod ranged between 750 and 820$ / tonne. Prices for iron …
Mukalla Iron and Steel Company Ltd. has resumed restarting the factory with a production capacity of 10,000 tons as a first stage, and production will be raised in the future to 25,000 tons per month. The factory was forced to stop in 2012, due to the lack of raw materials and foreign experts, as well …
Restarting Mukalla Steel Factory, with a production capacity of 10,000 tons per month Read More »
In April this year, domestic steel product consumption in Japan amounted to 4.05 million metric tons, down by 3.9% compared to March and by 6.8% year on year, according to the data released by the Japan Iron and Steel Association (JISF). Meanwhile, in the January-April period this year, domestic steel consumption in the country dropped …
Japan’s domestic steel consumption down 4.4% in Jan-Apr 2022 Read More »
In the latest report of the World Steel Organization (Worldsteel), Ezz Steel ranked first in the ranking of the largest steel producers in the Arab region and Africa, with a production of 5.1 million tons, ahead of SABIC Steel in Saudi Arabia, which came in second place with a production of 4.8 million tons, while …
According to final census data from the US Department of Commerce, US imports of wire rod totaled 160,984 mt in April 2022, down 4.6% from March and but up 177.9% from April 2021 levels. By value, wire rod imports totaled $157.3 million in April 2022, compared to $153.5 million in March and $49.1 million in …
US wire rod imports down 4.6% in April,including Algeria and Egypt Read More »
Engineer Saeed Ghamran Al Rumaithi, CEO of Arkan Group and CEO of Emirates Steel stated that the industrial sector is at the heart of the UAE vision, which seeks to accelerate the pace of economic diversification in the country. Saeed Ghamran explained that the strong results achieved by Emirates Steel Arkan” during the first quarter …
Emirates Steel provides 65% of the local market needs Read More »
According to the prices of the global steel markets, the scrap price reached 413$/tonne , Iron ore price was 141$/tonne , while the prices of billets ranged between 585 and 620$/tonne, and the prices of rebar ranged between 725 and 740$ / tonne, Wire Rod ranged between 760 and 840$ / tonne. Prices for iron …
In May this year, Turkey’s steel exports decreased by 19.7% year on year to 1.63 million tonnes, while the value of exports increased by 11% year on year to reach $1.9 billion. According to CIB data, Turkey’s total steel exports amounted to 8.78 million tonnes in the first five months of 2022, down by 2.6% …
Turkey’s steel exports fell in January-May, while they rose to Egypt and Morocco Read More »
The Ministry of Industry and Commerce has issued Resolution 324 of 2022 extending the validity of Ministerial Resolution n° 1535 of 2017, imposing definitive anti-dumping duties on dumped imports type: bars, coils, poles and rods, originating or exported from China, Turkey or Ukraine for five years ending June 5, 2022. And based on the report …
Egypt: Extending duties on steel imports from Turkey, Ukraine and China for a year Read More »
According to the prices of the global steel markets, the scrap price reached 435$/tonne , Iron ore price was 144$/tonne , while the prices of billets ranged between 590 and 630$/tonne, and the prices of rebar ranged between 740 and 770$ / tonne, Wire Rod ranged between 840 and 900$ / tonne. Prices for iron …
The Arab Organization for Industrialization has started two new giant national projects, one of which is to manufacture nearly 10 million vehicle tires of various types annually. The second is to produce “stainless steel” in large quantities, said Lieutenant-General Abdel Moneim Al-Terras, Chairman of the Authority’s Board of Directors, and in statements during his participation …
Arab Organization for Industrialization inaugurates a stainless steel factory Read More »
In April this year, Japan’s iron and steel product exports amounted to 2.73 million metric tons,dropping by 13.2% month on month and by 0.3 percent year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). In the January-April period this year, Japanese iron and steel product exports amounted …
According to the provisional foreign trade statistics, Turkey’s iron and steel exports rose, ranking third in April, with a value of $1.50 billion , an increase of 18.2% year on year, and imports increased by 13.9% compared to imports in April 2021 to reach $2.89 billion. In January-April period, the value of Turkey’s iron and …
Turkey’s steel imports and exports rise in January-April 2022 Read More »
President Joe Biden announced the exemption of the Ukrainian iron and steel products from additional tariffs for a year. He noted that Ukraine accounted for less than 1% of US steel imports in 2021 and predicted that production and supplies would be even lower due to the conflict with Russia. “The steel industry is historically …
US exempts Ukrainian steel imports from additional tariffs for a year Read More »
According to the prices of the global steel markets, the scrap price reached 456$/tonne , Iron ore price was 135 $/tonne , while the prices of billets ranged between 615 and 665$/tonne, and the prices of rebar ranged between 750 and 800$ / tonne, Wire Rod ranged between 840 and 900$ / tonne. Prices for …
According to preliminary census data from the US Department of Commerce, US monthly steel imports in April 2022 decreased 11.7 percent from March to total 2,477,347 mt. A year-on-year comparison shows a 3.4% increase. In terms of value, US steel imports in April totaled $3.68 billion, compared to $3.93 billion in March and $2.40 billion …
The General Iron and Steel Company revealed the stages of completion in the new factory, stressing that the completion rate has reached 90%, and the company explained that the remaining percentage is related only to data entry while indicating that the specified production capacity of the plant as a final product is in the range …
Rebar prices in Egypt recorded a new decline today, as iron prices in the local market decreased by 1000 pounds per ton. Ahmed El-Ziny, Head of the Building Materials Division at the Cairo Chamber of Commerce, indicated this decline is due to the drop in international prices of billet by $150 per ton. Rebar prices …
According to the prices of the global steel markets, the scrap price reached 460$/tonne , Iron ore price was 136$/tonne , while the prices of billets ranged between 600 and 650$/tonne, and the prices of rebar ranged between 760 and 790$ / tonne. Prices for iron and steel products in Russia and Ukraine were not …
According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in April 2022 to 4292.81 riyals, up by 14.5% compared to the price of March 2022, which amounted to 3747.95 riyals, and up by 27% compared to April 2021, which amounted to 3377.8 riyals. As for …
Rebar prices in the local market in the UAE witnessed a decline of 8% during May, from an average of about 3,200 dirhams per tonne last March to about 2,950 dirhams per tonne, according to sources working in the building materials trade. The sources pointed out that the decline came after a sudden jump of …
UAE: Rebar absorbs the repercussions of the Ukrainian crisis and is down by 8% Read More »
The Bellara steel complex (wilaya of Jijel) of the Algerian-Qatari Steel Company (Algerian Qatari Steel) exported 100,000 tonnes of steel products in the first four months of the current year, its deputy general manager, Chaïb Setti Sofiane, on May 16, according to national radio channel I. The same official explained that the Bellara Steel Complex …
According to the prices of the global steel markets, the scrap price reached 490$/tonne , Iron ore price was 128$/tonne , while the prices of billets ranged between 610 and 660$/tonne, and the prices of rebar ranged between 810 and 840$ / tonne. Prices for iron and steel products in Russia and Ukraine were not …
The Export Council for Building Materials, Refractories and Metal Industries announced that Egypt’s exports of “iron and steel” increased by 3% in the first quarter of this year, to record $343 million, compared to $335 million during the first quarter of 2021. The monthly report issued by the Council showed that in the first quarter …
Egypt’s steel exports rise to $343 million in Q1 2022 Read More »
China’s steel consumption fell 5 percent year on year during the first quarter of the year (Q1) partly due to waning demand as the resurgence of domestic COVID-19 cases slowed down the construction of many projects. From January to March, steel consumption of the building industry dropped 7 percent from a year ago, while that …
According to statistics from the Turkish Statistical Institute (TUIK), in April of this year, the domestic Producer Price Index (PPI) of the Turkish industry in general increased by 7.67% month-on-month and by 121.82% year-on-year, while the average increase was 72.03% for the last 12 months. In April, the domestic Producer Price Index of the base …
Average metal prices in Turkey increased by 118.2% in 12 months Read More »
According to the export data from the US Department of Commerce, in March 2022, the monthly steel exports increased by 15.9% from February with 764,882 mt, a year on year comparison shows a 6.7% increase. In terms of value, in March 2022, US steel exports totalled $1.43 billion, compared to $1.19 billion in February and …
Saudi Arabia’s Ministry of Industry and Mineral Resources said it had provided $6 billion for a steel plate complex and an electric car battery metal factory as part of plans to attract $32 billion in investment in the mining sector. The Minister of Industry and Mineral Resources Bandar Alkhorayef said that the ministry’s goal is …
Saudi Arabia announces $6 billion investments in steel complex Read More »