Mukalla Iron and Steel Company Ltd. has resumed restarting the factory with a production capacity of 10,000 tons as a first stage, and production will be raised in the future to 25,000 tons per month. The factory was forced to stop in 2012, due to the lack of raw materials and foreign experts, as well […]
Restarting Mukalla Steel Factory, with a production capacity of 10,000 tons per month Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 160,984 mt in April 2022, down 4.6% from March and but up 177.9% from April 2021 levels. By value, wire rod imports totaled $157.3 million in April 2022, compared to $153.5 million in March and $49.1 million in
US wire rod imports down 4.6% in April,including Algeria and Egypt Read More »
According to the prices of the global steel markets, the scrap price reached 413$/tonne , Iron ore price was 141$/tonne , while the prices of billets ranged between 585 and 620$/tonne, and the prices of rebar ranged between 725 and 740$ / tonne, Wire Rod ranged between 760 and 840$ / tonne. Prices for iron
Steel prices in the second week of June 2022 Read More »
The Ministry of Industry and Commerce has issued Resolution 324 of 2022 extending the validity of Ministerial Resolution n° 1535 of 2017, imposing definitive anti-dumping duties on dumped imports type: bars, coils, poles and rods, originating or exported from China, Turkey or Ukraine for five years ending June 5, 2022. And based on the report
Egypt: Extending duties on steel imports from Turkey, Ukraine and China for a year Read More »
According to the prices of the global steel markets, the scrap price reached 435$/tonne , Iron ore price was 144$/tonne , while the prices of billets ranged between 590 and 630$/tonne, and the prices of rebar ranged between 740 and 770$ / tonne, Wire Rod ranged between 840 and 900$ / tonne. Prices for iron
Steel prices in the first week of June 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 456$/tonne , Iron ore price was 135 $/tonne , while the prices of billets ranged between 615 and 665$/tonne, and the prices of rebar ranged between 750 and 800$ / tonne, Wire Rod ranged between 840 and 900$ / tonne. Prices for
Steel prices in the fourth week of May 2022 Read More »
According to preliminary census data from the US Department of Commerce, US monthly steel imports in April 2022 decreased 11.7 percent from March to total 2,477,347 mt. A year-on-year comparison shows a 3.4% increase. In terms of value, US steel imports in April totaled $3.68 billion, compared to $3.93 billion in March and $2.40 billion
US steel imports down 11.7% in April Read More »
Rebar prices in Egypt recorded a new decline today, as iron prices in the local market decreased by 1000 pounds per ton. Ahmed El-Ziny, Head of the Building Materials Division at the Cairo Chamber of Commerce, indicated this decline is due to the drop in international prices of billet by $150 per ton. Rebar prices
Rebar prices fall in Egypt Read More »
According to the prices of the global steel markets, the scrap price reached 460$/tonne , Iron ore price was 136$/tonne , while the prices of billets ranged between 600 and 650$/tonne, and the prices of rebar ranged between 760 and 790$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the third week of May 2022 Read More »
According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in April 2022 to 4292.81 riyals, up by 14.5% compared to the price of March 2022, which amounted to 3747.95 riyals, and up by 27% compared to April 2021, which amounted to 3377.8 riyals. As for
Steel and cement prices in Saudi Arabia Read More »
Rebar prices in the local market in the UAE witnessed a decline of 8% during May, from an average of about 3,200 dirhams per tonne last March to about 2,950 dirhams per tonne, according to sources working in the building materials trade. The sources pointed out that the decline came after a sudden jump of
UAE: Rebar absorbs the repercussions of the Ukrainian crisis and is down by 8% Read More »
According to the prices of the global steel markets, the scrap price reached 490$/tonne , Iron ore price was 128$/tonne , while the prices of billets ranged between 610 and 660$/tonne, and the prices of rebar ranged between 810 and 840$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the second week of May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 535$/tonne , Iron ore price was 139$/tonne , while the prices of billets ranged between 680 and 730$/tonne, and the prices of rebar ranged between 880 and 900$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the first week of May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 550$/tonne , Iron ore price was 146$/tonne , while the prices of billets ranged between 680 and 720$/tonne, and the prices of rebar ranged between 880 and 900$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices at the end of April 2022 Read More »
In the first quarter of 2022, Qatar Steel resumed its second DRI facility (1.5 million tonnes) against the first facility (0.8 million tonnes), which operated until 2021. As a result, the production volume of all-steel value chain segments (DRI/HBI, billet, and long steel) improved by 20% year-over-year and 33% compared to the fourth quarter of
Qatar Steel improves production in Q1 Read More »
Ahmed El-Zeini, head of the Building Materials Division, announced that some iron companies started reducing prices, as Ezz Steel reduced the iron prices of a tonne by about 830 pounds for the May prices 2022 so that the price of a tonne of Ezz Steel reaches 19170 pounds, delivery to the factory land includes value-added
Building Materials Chamber: Rebar prices fell 830 pounds in the Egyptian market Read More »
According to the prices of the global steel markets, the scrap price reached 620$/tonne , Iron ore price was 150$/tonne , while the prices of billets ranged between 700 and 770 $/tonne, and the prices of rebar ranged between 920 and 950$ / tonne. Prices for iron and steel products in Russia and Ukraine were
Steel prices in the fourth week of April 2022 Read More »
According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in March 2022 to 3747.95 riyals, up by 4.3% compared to the price of February 2022, which amounted to 3591.70 riyals, and up by 7.9% compared to March 2021, which amounted to 3473.7 riyals. As for
Steel and cement prices in Saudi Arabia Read More »
According to the prices of the global steel markets, the scrap price reached 637$/tonne , Iron ore price was 155$/tonne , while the prices of billets ranged between 720 and 740$/tonne, and the prices of rebar ranged between 950 and 980 $ / tonne. Prices for iron and steel products in Russia and Ukraine were
Steel prices in the third week of April 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 653$/tonne , Iron ore price was 154$/tonne , while the prices of billets ranged between 785 and 900$/tonne, and the prices of rebar ranged between 965 and 995$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the second week of April 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 653$/tonne , Iron ore price was 160$/tonne , while the prices of billets ranged between 800 and 900$/tonne, and the prices of rebar ranged between 950 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the first week of April 2022 Read More »
Today, Friday 01-04-2022, rebar prices witnessed a rise in the Egyptian construction market, where the market is currently witnessing instability in the price of the dollar against the pound, in addition to the continuation of the Russian-Ukrainian war and its effects on the local market, and the price of a ton of rebar in Egypt
Rebar prices in Egypt in April Read More »
The Libyan Iron and Steel Company explained the reasons it relied on recently to raise the prices of its products by 20%, pointing out that it relies in its production operations on many inputs that are imported from abroad, including iron pellets, steel billets, tiles, refractory materials, and additive operating materials, spare parts and more.
Libyan Iron and Steel Company explains the reasons for raising iron prices Read More »
Emirates Steel Arkan Group announced today a 20% increase in the domestic rebar prices to become AED 3,125 per tonne, effective 1 April 2022, compared to AED 2,590 per tonne in March. The increase comes on the back of a surge in the international raw materials prices resulting from the on-going repercussions of the Russian-Ukrainian
Emirates Steel Arkan Group announces rebar price for April 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 655$/tonne , Iron ore price was 151$/tonne , while the prices of billets ranged between 810 and 910$/tonne, and the prices of rebar ranged between 950 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the fourth week of March 2022 Read More »
The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Imported Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 295 10 mm Kuwait Ton 295 12 mm Kuwait Ton 295 14 mm Kuwait Ton 295 16 mm Kuwait Ton 295 Domestic Rebar Size Origin
Rebar prices in Kuwait in March Read More »
According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in February 2020 to 3591.70 riyals, up by 12 riyals compared to the price of January 2022, which amounted to 3579.34 riyals, and up by 118 compared to February 2021, which amounted to 3473.7 riyals. As
Average prices of steel and cement in Saudi Arabia in February 2022 Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 130,152 mt in January 2022, up 32.3% from December and up 178.9% from January 2021 levels. By value, wire rod imports totaled $128.7 million in January 2022, compared to $94.9 million in December and $36.3 million in January
US wire rod imports up 32.3% in January Read More »
In the January-February period this year, China’s rebar production totaled 34.818 million mt, down 13.8% year on year, according to China’s National Bureau of Statistics (NBS). Wire rod production amounted to 21.307 million mt in the given period, down 16.7% year on year. The Chinese New Year holiday and the Winter Olympics negatively affected production
China’s rebar output down 13.8% in January-February Read More »
According to the prices of the global steel markets, the scrap price reached 650$/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
Steel prices in the third week of March 2022 Read More »