In 2021, China imported 14.268 million mt of finished steel, down 29.5 % year on year, as announced by the Chinese customs authorities. A similar trend was seen in the semi-finished steel segment and, though the final data are available yet, the total imports of steel (finished and semi-finished) are expected to be around 27-28 …
China’s finished steel imports down 29.5% in 2021 Read More »
In 2021, China exported 66.895 million mt of finished steel, up 24.6% year on year. Though overall production volumes in China dropped in 2021, lower consumption (especially in the second half of the year) led to a sharp increase in exports. But at the same time, the sharp increase compared to 2020 was partly due …
According to final census data from the US Department of Commerce, US imports of rebar totaled 121,422 mt in November 2021, down 4.3% from October but up 81.6% from November 2020 levels. By value, rebar imports totaled $92.0 million in November 2021, compared to $102.2 million in October and $30.6 million in November 2020. The …
In November last year, Turkey’s rebar exports amounted to 462,685 metric tons, down 26.1% compared to October and decreasing by 24.8% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). The revenue generated by these exports totaled $321.2 million, decreasing by 25.9% compared to October and up 17.5% year …
Turkey’s rebar exports increase by 31.6% in January – November Read More »
The Libyan Iron and Steel Company announced that the bar rolling mill exceeded the annual target for 2021, achieving production of more than 209 thousand tons to reach 103% of the annual target of 203 thousand tons. The company added that it had produced 568,000 tons of reinforcing steel of various thicknesses and 704,000 tons …
Morocco’s Ministry of Industry and Trade has announced the results of the investigation for the extension of safeguard measures on imports of wire rod and rebar. The ministry has decided to extend the measures for imports of rebar and wire rod until October 15, 2023. The investigation was provoked on August 17, 2021, and closed …
Morocco extends safeguard measures on rebar and wire rod 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 220 10 mm Kuwait Ton 220 12 mm Kuwait Ton 220 14 mm Kuwait Ton 220 16 mm Kuwait Ton 220 Domestic Rebar Size Origin …
The China Iron and Steel Association (CISA) has announced that in mid-December (December 11-20) this year, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China – all CISA members – totaled 1.8905 million mt, down 2.66 percent compared to early December (December 1-10). In early December, the daily steel …
China’s daily steel output declines, stocks still rise Read More »
Egypt’s steel exports increased by 189% in the first ten months of this year to record $1.49 billion, compared to $560 million in the same period last year 2020. According to the report of the Export Council of Building Materials, Egypt exported to 80 countries, the most important of which was Spain, which came first …
Egypt’s steel exports jump 189% to $1.5 billion in 10 months Read More »
Japanese steel exports decreased to all main destinations last month, except for China, and are set to decline further. In October, total steel export decreased 13% year-on-year to 2.47 million t, according to the provisional data from the Ministry of Finance. Japan’s exports have been demonstrating on-year decline for the sixth consecutive month, as local …
According to export data from the US Department of Commerce, US exports of rebar totaled 20,341 mt in September 2020, down 8.6 % from August but 59.1% more than in September 2019 exports. The total value of rebar exports in September was $12.9 million, compared to $14.4 million in August 2020 and $9.1 million in …
In October this year, China’s rebar production totaled 23.781 million mt, up 6.5 percent year on year, 3.4 percentage points slower than the increase recorded in September, according to China’s National Bureau of Statistics (NBS). Wire rod production amounted to 15.16 million mt in October, up 14.4 percent year on year, 2.9 percentage points faster …
China’s outputs and prices of rebar and wire rod up in October Read More »
ٍSteel companies in Egypt announced new prices for rebar, with an increase of 500 pounds per ton over the prices of last October, as of November 19, so that the price per ton of Ezz Steel Group, the delivery of the factory land, reached 10600 pounds per ton. Beshay Steel Group announced its price of …
Egypt: Rebar prices increase 500 pounds, from 10100 to 10600 pounds Read More »
The average price of Reinforcing iron in the Kingdom of Saudi Arabia increased in October 2020 compared to the same month of 2019 for all sizes, up 12.25% – 15.01%, according to the data of the General Authority for Statistics in the Kingdom. Average prices monthly and annual changes in the KSA – October 2020 …
Average price of Reinforcing iron in Saudi Arabia in October Read More »
Libyan Iron and Steel Company announced the resumption of operations of the hot rolling mill furnace, after a week-long break, including 05 days, to cool it down to be a suitable environment for work inside it, and as a result, the workers at the factory began removing the deposits inside it, as well as restoring …
Libyan Iron and Steel Company to resume work on the hot rolling mill Read More »
China’s steel exports in October rose by 5.2pc from September to 4.04mn t as Chinese mills shifted supplies to overseas markets with falling domestic prices. But the October exports fell by 15.5pc from a year earlier, according to preliminary customs data. January-October exports fell by 19.3pc from a year earlier to 44.43mn t. Most October …
Hyundai Steel Co. is challenging the U.S. duty rate on some entries of its hot-rolled steel from South Korea, arguing to the U.S. Court of International Trade that the Commerce Department wrongly treated the company’s port usage rights for a Korean harbor as a government subsidy. The U.S. maintains countervailing duties on Koean hot-rolled steel flat …
The value of Egypt’s exports of iron and steel in the first 9 months of 2020 decreased by 18%, to $438 million compared to $535 million in the same period in 2019, according to the monthly report issued by the Building Materials Export Council. According to the report, steel was exported to 76 countries, including …
Egypt’s exports of iron and steel decreased by 18% in 9 months Read More »
Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020, including 1,166,000 net tons (NT) of finished steel (down 2.8% and 1.1%, respectively, vs. August final data). Through the first nine months of 2020, total and …
US steel imports Down 21.9% in the first nine months of 2020 Read More »
According to the official statement, Jindal Shadeed sold 480,000 tonnes of steel products during the second Quarter, with a 33% increase in volumes year-on-year. At the same time, the figure decreased on a quartertly basis by 5.9%, but the company increased its revenue over the mentioned period to $226 million. Stronger sales supported the gradual …
Jindal Shadeed strengtens positions in July-September Read More »
South Korean steelmaker Hyundai Steel (Hyundai) has announced its financial results for the third quarter this year. Accordingly, Hyundai Steel has posted a net loss of KRW 45 billion ($39.93 million) for the third quarter, compared to a net loss of KRW 13 billion in the second quarter and a net loss of KRW 66 …
صناعة الحديد شهدت انخفاضاً في الاستهلاك نتيجة للتباطؤ الاقتصادي العالمي وبخاصة في ظل التحديات التي فرضها فيروس «كورونا المستجد» على الوضع الاقتصادي ككل، ولكن الصناعة الوطنية قادرة على تخطي هذه المرحلة الحرجة التي أوجدت تحديات كبيرة على جميع المستويات. المهندس سعيد غمران الرميثي، الرئيس التنفيذي لشركة «حديد الإمارات»، يكشف في حواره نجاحات الشركة خلال الفترة …
CEO of Emirates Steel, the iron and steel industry needs support Read More »
State Company for iron and steel, a company of the Ministry of Industry and Minerals, announced the completion of (85%) of the mechanical works in the reheating furnace of the rolling mill within the rehabilitation project. The general manager of the company, Abbas Hayal, mentioned in a statement to the media office in the ministry …
State Company for iron and steel accomplishes 85% of the mechanical works Read More »
The “Tosyali Algeria” company – Oran – exported 18,000 tons of rebar and 400 tons of wire rod to Canada on Sunday at the communication cell of the same company. This cargo was transported as part of the seventh export of the company’s various products for the current year at the end of last week …
Tosyali Algeria company exports 18,400 tons of steel products to Canada Read More »
Saudi Arabia’s imports of iron and steel in the first nine months of this year amounted to about 11.8 million tons, with a total value of about 23.4 billion riyals. According to statistical data issued by the General Customs Authority, which Al-Eqtisadiah has reviewed, Saudi imports of iron and steel decreased by 3.5 million tons, …
23.4 billion riyals is the value of Saudi Arabia’s imports of iron and steel in 9 months Read More »
The European Commission (EC) has announced that it will impose definitive antidumping duties (AD) on stainless steel hot rolled imports from Taiwan, China, and Indonesia. The antidumping duty rate on such imports will range between 9.2 percent and 19 percent for China and between 4.1 percent and 7.5 percent for Taiwan, while it will stand …
EU to impose definitive AD duties on stainless HR from 3 countries Read More »
Tosyali Algeria is once again a pioneer in the export of steel products with the first export of wire rod made in Algeria. Tosyali Algeria continues its export efforts and ships wire rod for the first time in the country’s history. The first shipment of 3,000 tonnes of wire rod to Senegal started on October …
The Building Materials and Refractories Export Council announced that the value of Egypt’s exports of iron and steel in the first 7 months of 2020 to $ 306 million, compared to $ 461 million in the same period of 2019, a decrease of 34%. The monthly report issued by the Council indicated that 10 countries …
Egypt’s exports of iron and steel $306 million in 7 months Read More »
European steel association Eurofer today submitted its registration request in the anti-dumping case against Turkish hot-rolled coil (HRC). If the European Commission accepts the registration, a fee can be levied retroactively for three months before the imposition of provisional measures, if dumping is proven. Temporary measures are to be announced on 23rd December this year …
Eurofer files registration request in Turkish HRC Read More »
The Al-Mukalla Iron and Steel Factory “misc”, located in Al-Rayyan area in Mukalla, the capital of Hadramout Governorate, east of Yemen, has been closed. A commercial source attributed the reason for the closure of the factory to the failure of the local authority in Hadramout to provide a private power station with the fuel that …
Yemen: Closure of Al-Mukalla Iron and Steel Factory in Hadramout Read More »