According to the prices of the global steel markets, the scrap price reached 453$/tonne, the iron ore price was 121$/tonne, the prices of billets ranged between 590 and 630$/tonne, and rebar prices ranged between 720 and 740$ / tonne.
Steel prices in the fourth week of March 2023 Read More »
In February this year, Japan’s crude steel production decreased by 4.3 per cent compared to the previous month and by 5.3 per cent compared to February 2022, totalling 6.91 million tons, according to data released by the Japan Iron and Steel Federation (JISF). Meanwhile, total iron ore production in Japan reached 4.98 million tonnes in
Japan’s crude steel and iron ore production declined in January-February Read More »
Final steel prices from January to February this year witnessed a slight upward trend amid the easing of Covid-19 measures and a slight improvement in demand from steel users, according to the China Iron and Steel Association (CISA). From January to February, China’s average daily crude steel production was 2.859 million tonnes, up by 13.8
China Iron and Steel Association: China’s steel prices rose in March Read More »
Vale, Brazil’s largest mining company, has produced many iron ore pellets without using coal, a significant step towards reducing carbon emissions. To produce pellets, coal is usually mixed with iron ore before being heated in furnaces. In a Vale pilot project conducted in February 2023 at a plant in Minas Gerais, the company replaced traditional
The industrial and mining Complex “Algeria Mines” (MANAL) achieved exports worth $216 million in 2022, registering an increase of 110% compared to exports in 2021, as confirmed by the CEO Mohamed Sakhr Harami. Mr Harami said, in his intervention on the occasion of a workshop on mineral resources in Algeria, that the exports of the
Algeria Mines Complex exports increase by 110% in 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 460$/tonne, the iron ore price was 132$/tonne, the prices of billets ranged between 595 and 630$/tonne, and rebar prices ranged between 735 and 750$ / tonne.
Steel prices in the third week of March 2023 Read More »
According to the prices of the global steel markets, the scrap price reached 462$/tonne, the iron ore price was 130$/tonne, the prices of billets ranged between 605 and 650$/tonne, and rebar prices ranged between 750 and 770$ / tonne.
Steel prices in the second week of March 2023 Read More »
China, the world’s largest iron ore consumer, imported iron ore in January-February of 2023, as buyers expected domestic steel demand to rise after the government lifted strict coronavirus containment measures. China imported 194 million tonnes of steelmaking components in January and February, an annual increase of 7.3 per cent, the highest ever for the two
China’s iron ore imports increased by 7.3% in January-February 2023 Read More »
Iron ore futures, the most traded on the Dalian Commodity Exchange, for the week of February 17-24, 2023, rose 1.5% from the previous week – up to 909.5 Yuan/t ($131.2/t). On the Singapore Exchange, March futures were also up by 1.4% – up to $128.5 a tonne compared to the price of February 17. Iron
Iron ore prices rise as steel production increases in China Read More »
According to the prices of the global steel markets, the scrap price reached 452$/tonne, the iron ore price was 127$/tonne, the prices of billets ranged between 580 and 620$/tonne, and rebar prices ranged between 750 and 780$ / tonne.
Steel prices in the fourth week of February 2023… Read More »
According to the prices of the global steel markets, the scrap price reached 422$/tonne, the iron ore price was 127$/tonne, the prices of billets ranged between 564 and 610$/tonne, and rebar prices ranged between 710 and 710$ / tonne.
Steel prices in the third week of February 2023 Read More »
According to the prices of the global steel markets, the scrap price reached 427$/tonne, the iron ore price was 125$/tonne, the prices of billets ranged between 540 and 595$/tonne, and rebar prices ranged between 710 and 710$ / tonne.
Steel prices in the second week of February 2023 Read More »
ArcelorMittal, one of the largest steel producers in the world, decreased steel production by 14.6% in 2022 to reach 59 million tonnes compared to 2021, and its exports fell by 11.1% to reach 55.9 million tonnes, according to the financial report published on the company’s website. Iron ore production increased by 9.2% for 2022 to
ArcelorMittal steel production declined by 14.6% in 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 430$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 543 and 600$/tonne, and rebar prices ranged between 715 and 720$ / tonne.
Steel prices in the first week of February 2023 Read More »
The financial indicators of the Iron and Steel Company for Mines and Quarries revealed, for the first half of the current fiscal year, an increase in the company’s profits by 408.4% on an annual basis. The Company stated to the Egyptian Stock Exchange on Sunday, 29 January 2023, that it recorded a net profit of
Egypt: Iron and steel mines annual profits quadruple Read More »
According to the prices of the global steel markets, the scrap price reached 418$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 540 and 600$/tonne, and rebar prices ranged between 690 and 700$ / tonne.
Steel prices in the last week of January 2023 Read More »
The Dubai Chamber of Commerce announced the launch of four new business groups as part of its plans to increase the number of business groups representing economic sectors and activities in the Emirate of Dubai to 100 businesses groups by March 2023, bringing the total number of business groups operating under the umbrella of the
UAE: Dubai supports the steel and metal trade sectors Read More »
The Arab-Brazilian Chamber of Commerce announced that Brazilian exports to the Arab world achieved the highest record revenues since 1989, amounting to $17.74 billion in 2022, while the value of Brazilian imports from Arab countries amounted to $15.03 billion. The value of Brazilian exports to Saudi Arabia increased from $2.07 billion in 2021 to $2.92
Brazil’s iron ore exports will be $2.9 billion to Arab countries in 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 405$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 535 and 595$/tonne, and rebar prices ranged between 690 and 710$ / tonne.
Steel prices in the third week of January 2023 Read More »
In 2022, iron ore production reached 1.6 million tonnes and steel -1.2 million tonnes. In 2022, ArcelorMittal production of rolled products decreased by 76.1% compared to 2021, reaching 1.1 million tonnes, or 22.8% of the company’s business plan for the production of steel products. Cast iron production decreased by 70% compared to 2021, reaching 1.6
ArcelorMittal achieves 20-25% of production capacity in 2022 Read More »
On Saturday, January 21, 2023, the Algerian-Qatari Steel Company will start transporting iron ore through the port of Djen Djen, after the success of all the technical trials of the railway linking the company to the port of Djen Djen at a distance of 50 km. The process will witness the programming of two trains
Algerian Qatari Steel Company begins transporting iron ore by rail Read More »
According to the prices of the global steel markets, the scrap price reached 417$/tonne, the iron ore price was 126$/tonne, the prices of billets ranged between 540 and 590$/tonne, and rebar prices ranged between 715 and 720$ / tonne.
Steel prices in the second week of January 2023 Read More »
According to the prices of the global steel markets, the scrap price reached 419$/tonne, the iron ore price was 116$/tonne, the prices of billets ranged between 325 and 570$/tonne, and rebar prices ranged between 695 and 705$ / tonne, wire rod ranged between 700 and 700$/tonne.
Steel prices in the first week of January 2023 Read More »
According to the prices of the global steel markets, the scrap price reached 401$/tonne , Iron ore price was 116$/tonne , while the prices of billets ranged between 510 and 555$/tonne, and the prices of rebar ranged between 670 and 690$ / tonne, Wire Rod ranged between 700 and 700$ / tonne.
Steel prices on the last day of 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 387$/tonne , Iron ore price was 111$/tonne , while the prices of billets ranged between 513 and 555$/tonne, and the prices of rebar ranged between 660 and 670$ / tonne, Wire Rod ranged between 670 and 690 $ / tonne.
Steel prices in the fourth week of December 2022 Read More »
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.
Steel prices in the third week of December 2022 Read More »
The President of Algeria, Mr Abdelmadjid Tebboune, affirmed on December 13, that phosphate mine in Tebessa and the iron mine in Ghar Djebilet in Tindouf represent two strategic projects for the future of Algeria. Standing at the Phosphate Mines Company pavilion on the inauguration of the 30th edition of the Algerian Production Exhibition at the
Ukraine’s iron ore exports have remained severely affected by the ongoing Russian hostilities in the country. Due to the Russian invasion, exports fell sharply due to the blockade of ports and logistical challenges. Also, having continued to search for alternative ways to deliver their products, Ukrainian suppliers have been faced with the limited capacity of
Ukraine’s iron ore exports down 42.9 % in January November Read More »
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.
Steel prices in the second week of December 2022 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.
Steel prices in the first week of December 2022 Read More »