In the January-February period this year, China’s rebar production totaled 34.818 million mt, down 13.8% year on year, according to China’s National Bureau of Statistics (NBS). Wire rod production amounted to 21.307 million mt in the given period, down 16.7% year on year. The Chinese New Year holiday and the Winter Olympics negatively affected production …
China’s rebar output down 13.8% in January-February Read More »
According to the prices of the global steel markets, the scrap price reached 650$/tonne , Iron ore price was 150$/tonne , while the prices of billets ranged between 810 and 905$/tonne, and the prices of rebar ranged between 940 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not …
Emirates Steel accelerates strategy to sell its high-quality products and tailor-made engineering services and solutions in key global markets Emirates Steel, part of the Arkan Group and the leading integrated steel plant in the Middle East, recorded a nearly 50% increase over the past two years in the number of its export markets in Europe, …
Emirates Steel’s exports expand to 56 international markets Read More »
The EU introduced, on 15 March 2022, a number of additional sanctions measures including in particular on the direct or indirect import of certain iron and steel products if they originate in or have been exported from Russia. It is estimated, in accordance with the European Commission’s (“EC“) press release on the new measures (available …
EU Imposes new Iron and Steel import restrictions from Russia Read More »
According to the prices of the global steel markets, the scrap price reached 650$/tonne , Iron ore price was 154$/tonne , while the prices of billets ranged between 890 and 910 $/tonne, and the prices of rebar ranged between 940 and 980 $ / tonne. Prices for iron and steel products in Russia and Ukraine …
The General Director of El Hadjar Iron and Steel Complex in Algeria, Lotfi Kamal Menaa, revealed that about 25,000 tons of iron products were exported to eight countries during the first quarter of this year. Lotfi Menaa, in a statement to the Algerian News Agency, confirmed that Sider El Hadjar has started exporting the first …
Sider El Hadjar exports iron to eight countries during the first quarter of 2022 Read More »
Mexico’s economy secretariat, SE, has extended for another five years existing antidumping (AD) duties on the imports of Russian, Ukrainian and Romanian steel plate. SE said the five-year period will count backwards from September 22, 2020. The extended duties follow a request from domestic producer Altos Hornos de Mexico (AHMSA). SE said the products subject …
Mexico extends AD duties on Russian, Ukrainian and Romanian plate imports Read More »
The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 265 10 mm Kuwait Ton 265 12 mm Kuwait Ton 265 14 mm Kuwait Ton 265 16 mm Kuwait Ton 265 Imported Rebar Size Origin …
Consolidated sales were MAD 4.49 billion at the end of December 2021, up 43% compared to 2020 and 24% compared to 2019, helped by the recovery in demand and a favorable pricing effect. Consolidated revenue for the fourth quarter was 1.38 billion dirhams, up 32% year-on-year. Sonasid continues its investment efforts, on the one hand …
According to the prices of the global steel markets, the scrap price reached 628$/tonne , Iron ore price was 153$/tonne , while the prices of billets ranged between 830 and 860$/tonne, and the prices of rebar ranged between 880 and 915$ / tonne. Prices for iron and steel products in Russia and Ukraine were not …
According to data from Ezz Steel Company for the Egyptian Stock Exchange, The volume of domestic consumption of reinforcing steel increased in 2021 to reach 7,344 million tons, an increase of 7% over 2020, which recorded 6.865 million tons. The fourth quarter of last year achieved the highest consumption level by 27% over the third …
Egypt: Domestic steel consumption rises to 7.34 million tons in 2021 Read More »
The increasing uncertainty in the semi-finished products sector – the billet – due to the lack of supply and the increase in international prices led to a review of rebar prices in the Kingdom of Saudi Arabia along with the local construction activity. As of March 1, SABIC Steel announced a price increase of 50 …
Rebar prices rise in Saudi Arabia with the rise of semi-finished products Read More »
Russian steelmaker Severstal PJSC suspended sales to Europe, its biggest export market, after billionaire owner Alexei Mordashov was sanctioned, along with other tycoons in the country. loomberg News Agency quoted an informed source,the company, which sells about 3 million tons of steel per year to Europe, is looking at new avenues for sales after being …
Russian Steelmaker Severstal Suspends Europe Sales on Sanction Read More »
In January this year, Japan’s iron and steel product exports amounted to 2.39 million metric tons, down 14.9 percent month on month and decreasing by 2.9 percent year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). Regarding Japan’s major iron and steel product export markets, in January …
Japan’s steel exports down 2.9 percent in January Read More »
Ahmed El-Zaini, head of the Building Materials Chamber in the Cairo Chamber of Commerce, told Masrawy that El-Garhy Steel Company announced an increase in the price of the iron a tonne delivered to the factory land by 650 pounds, starting from February 27. According to El-Zaini, the price of the tonne for “delivery to the …
Ukraine war and shipping turmoil raise iron prices in Egypt Read More »
According to export data from the US Department of Commerce, US exports of rebar totaled 13,091 mt in December 2021, up 23.2 percent from November but down 40.4 percent from December 2020 levels. By value, rebar exports totaled $12.7 million in December, compared to $11.1 million in the previous month and $14.2 million the same …
While raw materials and billet tags are on the rise, long steel producers have no choice but to adjust their prices. Among these companies is Universal Rolling (Unirol), the sole manufacturer of steel reinforcement bars in Bahrain, which has made such adjustments in the new sales round. After maintaining a stable price for two months, …
Rebar prices up in Bahrain to offset billet cost Read More »
China Steel Corp, the largest steelmaker in the country, said on Feb. 19 that it would raise steel prices by 2.44 per cent for next month’s shipments as the domestic customer accelerated inventory build-up amid improving demand during the peak season. China Steel said in a statement that China’s Baowu Steel Group Ltd and Angang …
The general manager of El Hadjar steel complex, Lotfi Manaa, said, “In 2022, Sider El Hadjar plans to export no less than 200,000 tonnes of steel products”. He added, “For the current year, we expect to export 100,000 tonnes of galvanized coils, hot and cold rolled coils, billets, slabs, as well as 100,000 tonnes of …
Sider El Hadjar expects the export of 200,000 tonnes in 2022 Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 98,398 mt in December 2021, up 3.9 percent from November and up 76.4 percent from December 2020 levels. By value, wire rod imports totaled $94.9 million in December 2021, compared to $92.9 million in November and $41.6 million …
According to the prices of the global steel markets, the scrap price reached 507$/tonne , Iron ore price was 150$/tonne , while the prices of billets ranged between 675 and 710$/tonne, and the prices of rebar ranged between 740 and 780$ / tonne. The following prices of iron and steel in the global markets on …
In February of this year, the upward trend is strengthening in the Jordanian rebar market, following the positive developments in the global steel market, specifically in the semis and scrap segments, as long-steel demand has improved in the country amid a gradual revival of construction projects. Most Jordanian rebar mills offer their products locally at …
The Biden administration reached a deal to partly lift tariffs that the Trump administration had imposed on the Japanese steel. The agreement, announced by the US trade officials on February 6, would preserve some protections for US metal makers by turning the current 25 per cent tariff on Japanese steel into a so-called tariff-rate quota, …
U.S. and Japan strike a deal to roll back us steel tariffs Read More »
Washington and Tokyo are in the final stage of talks to exempt a portion of U.S. imports of steel from Japan from extra tariffs imposed in 2018 by U.S. President Donald Trump, sources close to the matter said. The sources said that the two countries are discussing the establishment of a duty-free import quota, but …
U.S. close to finalizing tariff exemption for Japan steel imports Read More »
According to the prices of the global steel markets, the scrap price reached 496$/tonne , Iron ore price was 145$/tonne , while the prices of billets ranged between 650 and 700$/tonne, and the prices of rebar ranged between 730 and 750$ / tonne. The following prices of iron and steel in the global markets on …
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) , in December last year the value of Turkey’s iron and steel imports increased by 84.6 percent year on year, totaling $2.81 billion. In the given month, iron and steel ranked in third place among the most imported products of the …
Turkey’s steel import value up 82.9 percent in 2021 Read More »
According to the prices of the global steel markets, the scrap price reached 469$/tonne , Iron ore price was 146$/tonne , while the prices of billets ranged between 640 and 700$/tonne, and the prices of rebar ranged between 710 and 750$ / tonne. The following prices of iron and steel in the global markets on …
The Ministry of Trade and Industry in the State of Kuwait announced the prices of rebar, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 225 10 mm Kuwait Ton 225 12 mm Kuwait Ton 225 14 mm Kuwait Ton 225 16 mm Kuwait Ton 225 Imported Rebar Size Origin Unit …
According to the General Authority for Statistics, the average price of a ton of rebar in Saudi Arabia was 3578.1 riyals in December 2021, an increase of 1.45% compared to November 2021, which amounted to 3526.9 riyals, and an increase of 19.0% compared to the price of December 2020, which amounted to 3006.6 riyals. The …
Rising prices of rebar in Saudi Arabia in 2021, cement stability Read More »
The United States and the United Kingdom have agreed to begin talks on removing former President Donald Trump’s import taxes on British steel and aluminum in 2018. In a joint statement, U.S. Commerce Secretary Gina Raimondo, U.S. Trade Representative Katherine Tai and U.K. Trade Minister Anne-Marie Tevelyan said they would be working toward a swift …
US, UK begin talks on lifting steel and aluminum tariffs Read More »