According to preliminary census data from the US (us) Department of Commerce, US (us) monthly steel imports in July 2022 decreased by 5.7 % from June to total 2,425,586 mt. A year-on-year comparison shows a 9.7% decrease. In terms of value, US (us) steel imports in July totaled $3.91 billion, compared to $4.05 billion in […]
US steel imports down 9.7 % in July Read More »
Steel prices in the fourth week of August 2022 Read More »
Engineer Saeed Ghamran Al Rumaithi, CEO of Emirates Steel Arkan, said that the group was able to reduce the volume of bank loans and reduce reliance on short-term cash loans, which contributed to achieving additional savings and improving cash flow in general at the end of the first half of this year. . He added,
Emirates Steel Arkan cuts bank loans and expands into new markets Read More »
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Steel prices in the third week of August 2022 Read More »
British Steel has hiked prices on some products as surging energy costs squeeze profit margins for manufacturers across Europe. The increase of £100 ($121) a ton from one of the UK’s top producers will apply to structural sections, a form of steel used in construction, a spokesman said. The company earlier increased prices on the
British Steel Raises Steel Section Prices on Surging Energy Costs Read More »
According to the prices of the global steel markets, the scrap price reached 394$/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 »
In June this year, Turkey’s rebar exports amounted to 472,079 metric tons, up 19.8 % compared to May and decreasing by 29.1 % year on year,according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $398.96 million, increasing by 14.7 % compared to May and
Turkey’s rebar exports down 14.9% in H1 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 373$/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 »
According to the prices of the global steel markets, the scrap price reached 358$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 525 and 680$/tonne, and the prices of rebar ranged between 620 and 660$ / tonne, Wire Rod ranged between 680 and 680$ / tonne. Prices for iron
Steel prices on the last day of July Read More »
The Emirates Steel Arkan Group announced that it has fixed rebar prices for August at 2,516 dirhams per tonne, compared to July, for its authorized distributors in the UAE. This price does not include any discount based on quantities, additional charges for sizes or product grade or any other costs applied to the product price,
Emirates Steel announces rebar prices for August Read More »
Saudi Iron & Steel Company (SABIC Hadeed) issued official prices for longs, decreasing them by SAR 100/t ($26.7/t). The 12‑14 mm rebar will be available at SAR 2,750/t ($733/t) delivered, while 16‑32 mm rebar at SAR 2,700/t ($720/t) delivered. The new offers will be effective from August 1. The wire rod 6.5 mm and above
Rebar prices decline in Saudi Arabia with the beginning of August Read More »
United Arab Emirates-based steel producer Union Iron & Steel has announced that it had recently obtained the quality mark license as per KWS GSO ISO 6935-2:2012 Grade B500B-R Standard issued by the Public Authority for Industry in Kuwait. Nadeem Ahmed, commercial director at Union Iron & Steel, stated that the company had received official product
UAE: Expansions of Union Iron & Steel Company in GCC region Read More »
According to the prices of the global steel markets, the scrap price reached 373$/tonne , Iron ore price was 100$/tonne , while the prices of billets ranged between 555 and 680$/tonne, and the prices of rebar ranged between 670 and 700$ / tonne, Wire Rod ranged between 750 and 750$ / tonne. Prices for iron
Steel prices in the fourth week of July 2022 Read More »
Rebar prices recorded a new decline today in Egypt, as iron prices in the local market decreased by a value ranging between 500-600 pounds per tonne from the costs of last June. Ahmed El-Ziny, Head of the Building Materials Division at the Cairo Chamber of Commerce, indicated that iron prices peaked in April, during which
Rebar prices decline in Egypt Read More »
Egypt AlGioshy Steel Capacity 2019 – 1000 tons COMPANY Long products AlGioshy Steel 300
Egypt ARCOSTEEL Capacity 2019 – 1000 tons COMPANY Long products Semi-finished products EAF steel ARCOSTEEL 200 200 200
Egypt ELOLA Steel Capacity 2019 – 1000 tons COMPANY Long products CR flats ELOLA Steel 120 80
Egypt Egyptian Steel Capacity 2019 – 1000 tons COMPANY Long products Semi-finished products EAF steel Egyptian Steel 1.200 830 830
Ukrainian steelmaker ArcelorMittal Kryvyi Rih, a subsidiary of Luxembourg-based ArcelorMittal, has resumed operations at its rebar (rebar) production line DS-250-5 following a long downtime, according to media reports. The heating of the furnace began last week on July 7 and the first rebar (rebar) with a diameter of 16 mm was produced on July 11.
Ukraine’s ArcelorMittal Kryvyi Rih resumes rebar production Read More »
According to the prices of the global steel markets, the scrap price reached 408$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 565 and 680$/tonne, and the prices of rebar ranged between 710 and 720$ / tonne, Wire Rod ranged between 750 and 800$ / tonne. Prices for iron
Steel prices in the third week of July 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 410$/tonne , Iron ore price was 114$/tonne , while the prices of billets ranged between 545 and 680$/tonne, and the prices of rebar ranged between 710 and 720$ / tonne, Wire Rod ranged between 750 and 800$ / tonne. Prices for iron
Steel prices in the second week of July 2022 Read More »
In May this year, Turkey’s rebar exports amounted to 399,478 metric tons, down 22.4 % compared to April and decreasing by 40.8 % year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $352.38 million, decreasing by 13.9 % compared to April
Turkey’s rebar exports down 11.4 % in January-May Read More »
According to the prices of the global steel markets, the scrap price reached 375$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 500 and 550$/tonne, and the prices of rebar ranged between 660 and 680$ / tonne, Wire Rod ranged between 720 and 750$ / tonne. Prices for iron
Steel prices in the first week of July 2022 Read More »
Rebar prices in the local market in the UAE recorded a sudden drop in June, touching 2,530 dirhams per ton, down 16.6% compared to prices last May, which were around 2,950 dirhams per ton, according to sources working in the building materials trade. The sources linked this decline to several reasons, including the drop in
UAE : Rebar prices fell by 17% in June 2022 Read More »
CMC Steel recently replaced the Danieli Automation Q-One digital power feeder in its existing ladle-furnace transformer, starting operation without any delay to production in the commissioning stage. The innovative features of Q-One allow furnaces to operate at variable frequencies; in fact tests have been executed operating the furnace at CMC Steel Arizona down to 20
CMC Steel operates the energy-saving Q-One power feeder from Danieli Read More »
According to the prices of the global steel markets, the scrap price reached 329$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 500 and 580$/tonne, and the prices of rebar ranged between 610 and 660$ / tonne, Wire Rod ranged between 700 and 740$ / tonne. Prices for iron
Steel prices in the fourth week of June 2022 Read More »
In the January-May period of the current year, China’s exports of steel bars totaled 2.64 million mt, down 44.3 % year on year, while wire rod exports amounted to 0.82 million mt, down 9.0% year on year. At the same time, China’s export volumes of angles/channels came to 1.24 million mt in the given period,
China’s steel bar exports down 44.3% in January-May 2022 Read More »
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.
Rebar prices in Saudi Arabia 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
Steel prices in the third week of June 2022 Read More »
