According to the prices of the global steel markets, the scrap price reached 353$/tonne , Iron ore price was 100$/tonne , while the prices of billets ranged between 480 and 540$/tonne, and the prices of rebar ranged between 635 and 650$ / tonne, Wire Rod ranged between 670 and 670$ / tonne.
Steel prices in the fourth week of November 2022 Read More »
The Indian government heeded local producers’ pleas and abolished export duties on the main iron and steel products. The suppliers now intend to increase domestic prices. On November 18, the Indian Ministry of Finance lifted export duties on carbon flats as well as carbon and alloy longs. The duties for pig iron, pellets and iron
India abolishes export duty on key iron and steel products to boost local industry Read More »
The Iron and Steel Company for Mines and Quarries (ISMQ) announced the approval of its board of directors, held on 11/19/2022, on its business results for the period ending on 09/30/2022, which showed a net profit of 26.538 million pounds, compared to a net profit of 8.590 million. pounds, according to the company in its
Egypt: Iron and steel miners jump in profits for September 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 339$/tonne , Iron ore price was 99$/tonne , while the prices of billets ranged between 480 and 580$/tonne, and the prices of rebar ranged between 620 and 635$ / tonne, Wire Rod ranged between 640 and 660$ / tonne.
Steel prices in the third week of November 2022 Read More »
China’s major steelmaker Ansteel broke ground on a 22.9-billion-yuan (about 3.25 billion U.S. dollars) underground iron ore mine project in northeast China’s Liaoning Province on Wednesday. It is estimated that the Xi’anshan mine, located 7 kilometers southwest of Qianshan District in Anshan City, will produce an annual 30 million tonnes of iron ore and 10
China breaks ground on major underground iron ore mine project Read More »
In September this year, Brazilian miner Vale’s iron ore export volume totaled 22.52 million mt, declining by 6.1% compared to August and by 14.6% compared to September 2021, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the first nine months of the current year, Vale’s iron
Vale’s iron ore exports down 17 % in January-September 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 340$/tonne , Iron ore price was 92$/tonne , while the prices of billets ranged between 490 and 580$/tonne, and the prices of rebar ranged between 6250and 64$ / tonne, Wire Rod ranged between 645 and 680$ / tonne.
Steel prices in the second week of November 2022 Read More »
The Ministry of Commerce, Industry and Investment Promotion signed a memorandum of cooperation with Vale SA “Vale”, in partnership with the Public Authority for Special Economic Zones and Free Zones, and the National Program for Investment and Export Development “Nizhar”. The memorandum of cooperation includes a study and exploration of the feasibility of developing an
According to the prices of the global steel markets, the scrap price reached 367$/tonne , Iron ore price was 92$/tonne , while the prices of billets ranged between 620 and 630$/tonne, and the prices of rebar ranged between 660 and 700$ / tonne, Wire Rod ranged between 730 and 730$ / tonne.
Steel prices in the third week of October 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 371$/tonne , Iron ore price was 94$/tonne , while the prices of billets ranged between 525 and 630$/tonne, and the prices of rebar ranged between 700 and 710$ / tonne, Wire Rod ranged between 730 and 730$ / tonne.
Steel prices in the second week of October 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 373$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 525 and 620$/tonne, and the prices of rebar ranged between 700 and 720$ / tonne, Wire Rod ranged between 740 and 760$ / tonne.
Steel prices in the first week of October 2022 Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during August with a value of 17.34 million pounds. The company said in a statement to the Egyptian Stock Exchange on October 3 that the sales of the Bahariya mines amounted to about 17.19 million pounds during August. It added
Egypt: Iron and Steel Mines achieve 17 million pounds in profits during August Read More »
According to the prices of the global steel markets, the scrap price reached 369$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 520 and 625$/tonne, and the prices of rebar ranged between 680 and 700$ / tonne, Wire Rod ranged between 690 and 700$ / tonne.
In June this year, Brazilian miner Vale’s iron ore export volume totaled 19.89 million mt, rising by 7.7 % compared to May and decreasing by 16.4 % compared to June 2021, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the first half of the current year,
Vale’s iron ore exports down 19.6 % in H1 2022 Read More »
The Minister of Energy and Mines, Mohamed Arkab, received on September 29, in Algiers, the Chairman of the Board of Directors of Tosyali Complex, Fouad Tosyali, with whom he discussed strengthening cooperation in the mining field. Especially the use of iron ores from Ghar Djebilet mine to supply the iron and steel complex in Bethioua
Negotiations about supplying Tosyali Algerie with iron ores from the Ghar Djebilet mine Read More »
Steel prices in the fourth week of September 2022 Read More »
Mining group Rio Tinto announced that it will team up with China Baowu Steel Group to develop a Western Range iron ore project in the Pilbara region of Western Australia, with a joint investment of 2 billion U.S. dollars. According to a media release, Rio Tinto contributes 1.3 billion dollars and Baowu invests 700 million
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Steel prices in the third week of September 2022 Read More »
Steel prices in the second week of September 2022 Read More »
In the January-August period this year, China imported 722.922 million mt of iron ore (iron-ore), down 3.1 % year on year, as announced by the Chinese customs authorities on September 7. In August alone, China imported 96.208 million mt of iron ore, down 1.3 % year on year, while up 5.4 % month on month.
China’s iron ore imports down 3.1% in January-August 2022 Read More »
Steel prices in the first week of September 2022 Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of July, worth EGY16.8 million . The company said in a statement to the Egyptian Stock Exchange today, Sunday, that the sales of the Bahariya mines amounted to about EGY 16.76 million in July. She added that
Egypt: EGY16.8 million , Iron and Steel Company for Mines sales in July Read More »
Steel prices in the fourth week of August 2022 Read More »
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Steel prices in the third week of August 2022 Read More »
The first amount of iron ore, estimated at 1,000 tons, was extracted from the Gara Jbeilat-Gharb mine (Tindouf province), which began to be exploited at the end of last July, as confirmed Wednesday by the Assistant Director-General of the National Iron and Steel Corporation (Feral), Reda Belhaj. In the same context, Belhadj said, “We carried
Algeria: Extracting 1000 tons of iron ore from the Gara Jbeilat mine Read More »
According to the prices of the global steel markets, the scrap price reached 394$/tonne , Iron ore price was 111$/tonne , while the prices of billets ranged between 520 and 520$/tonne, and the prices of rebar ranged between 660 and 668$ / tonne, Wire Rod ranged between 700 and 730$ / tonne. Prices for iron
Steel prices in the second week of August 2022 Read More »
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
Steel prices in the first week of August 2022 Read More »
On August 1, inventory of iron ore at 33 major Chinese ports amounted to 125.8565 million mt, up 3.43% compared to July 26, as announced by China’s Xinhua News Agency. Import iron ore prices moved up sharply in the given week. In the given week, deliveries of iron ore to users indicated declines, especially deliveries
China: Iron ore inventory at ports up 3.43% Read More »
The Board of Directors of the Iron and Steel Company for Mines and Quarries approved the planning budget for the next fiscal year 2022-2023. The company stated in a statement to the Egyptian Stock Exchange, today, Monday, that it aims to achieve a net profit of EGP 91.82 million during the next fiscal year. It
Egypt: EGP 15.1 million sales of “Iron and Steel for Mines” in June Read More »
The Algerian Minister of Energy and Mines, Mohamed Arkab, authorized, on July 30, the start of exploitation of the iron mine in Ghar Djebilet, Tindouf. The Minister began his working and inspection visit in Tindouf, where he inaugurated the Ghar Djebilet iron mine. In a speech, he stressed that, in line with the government’s program