Emirates Steel accelerates strategy to sell its high-quality products and tailor-made engineering services and solutions in key global markets Emirates Steel, part of the Arkan Group and the leading integrated steel plant in the Middle East, recorded a nearly 50% increase over the past two years in the number of its export markets in Europe, […]
Emirates Steel’s exports expand to 56 international markets Read More »
According to the prices of the global steel markets, the scrap price reached 650$/tonne , Iron ore price was 154$/tonne , while the prices of billets ranged between 890 and 910 $/tonne, and the prices of rebar ranged between 940 and 980 $ / tonne. Prices for iron and steel products in Russia and Ukraine
Steel prices in the second 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: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 265 10 mm Kuwait Ton 265 12 mm Kuwait Ton 265 14 mm Kuwait Ton 265 16 mm Kuwait Ton 265 Imported Rebar Size Origin
Prices of Rebar in Kuwait Read More »
According to the prices of the global steel markets, the scrap price reached 628$/tonne , Iron ore price was 153$/tonne , while the prices of billets ranged between 830 and 860$/tonne, and the prices of rebar ranged between 880 and 915$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in first week of March 2022 Read More »
According to data from Ezz Steel Company for the Egyptian Stock Exchange, The volume of domestic consumption of reinforcing steel increased in 2021 to reach 7,344 million tons, an increase of 7% over 2020, which recorded 6.865 million tons. The fourth quarter of last year achieved the highest consumption level by 27% over the third
Egypt: Domestic steel consumption rises to 7.34 million tons in 2021 Read More »
The increasing uncertainty in the semi-finished products sector – the billet – due to the lack of supply and the increase in international prices led to a review of rebar prices in the Kingdom of Saudi Arabia along with the local construction activity. As of March 1, SABIC Steel announced a price increase of 50
Rebar prices rise in Saudi Arabia with the rise of semi-finished products Read More »
Ahmed El-Zaini, head of the Building Materials Chamber in the Cairo Chamber of Commerce, told Masrawy that El-Garhy Steel Company announced an increase in the price of the iron a tonne delivered to the factory land by 650 pounds, starting from February 27. According to El-Zaini, the price of the tonne for “delivery to the
Ukraine war and shipping turmoil raise iron prices in Egypt Read More »
According to export data from the US Department of Commerce, US exports of rebar totaled 13,091 mt in December 2021, up 23.2 percent from November but down 40.4 percent from December 2020 levels. By value, rebar exports totaled $12.7 million in December, compared to $11.1 million in the previous month and $14.2 million the same
US rebar exports fell by 40.4% in December Read More »
While raw materials and billet tags are on the rise, long steel producers have no choice but to adjust their prices. Among these companies is Universal Rolling (Unirol), the sole manufacturer of steel reinforcement bars in Bahrain, which has made such adjustments in the new sales round. After maintaining a stable price for two months,
Rebar prices up in Bahrain to offset billet cost Read More »
China Steel Corp, the largest steelmaker in the country, said on Feb. 19 that it would raise steel prices by 2.44 per cent for next month’s shipments as the domestic customer accelerated inventory build-up amid improving demand during the peak season. China Steel said in a statement that China’s Baowu Steel Group Ltd and Angang
China Steel to increase prices by 2.44% Read More »
The general manager of El Hadjar steel complex, Lotfi Manaa, said, “In 2022, Sider El Hadjar plans to export no less than 200,000 tonnes of steel products”. He added, “For the current year, we expect to export 100,000 tonnes of galvanized coils, hot and cold rolled coils, billets, slabs, as well as 100,000 tonnes of
Sider El Hadjar expects the export of 200,000 tonnes in 2022 Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 98,398 mt in December 2021, up 3.9 percent from November and up 76.4 percent from December 2020 levels. By value, wire rod imports totaled $94.9 million in December 2021, compared to $92.9 million in November and $41.6 million
US wire rod imports up 3.9 percent in December Read More »
According to the prices of the global steel markets, the scrap price reached 507$/tonne , Iron ore price was 150$/tonne , while the prices of billets ranged between 675 and 710$/tonne, and the prices of rebar ranged between 740 and 780$ / tonne. The following prices of iron and steel in the global markets on
Steel prices in second week of February 2022 Read More »
In February of this year, the upward trend is strengthening in the Jordanian rebar market, following the positive developments in the global steel market, specifically in the semis and scrap segments, as long-steel demand has improved in the country amid a gradual revival of construction projects. Most Jordanian rebar mills offer their products locally at
Rebar prices skyrocket in Jordan Read More »
According to the prices of the global steel markets, the scrap price reached 496$/tonne , Iron ore price was 145$/tonne , while the prices of billets ranged between 650 and 700$/tonne, and the prices of rebar ranged between 730 and 750$ / tonne. The following prices of iron and steel in the global markets on
Steel prices in first week of February 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 469$/tonne , Iron ore price was 146$/tonne , while the prices of billets ranged between 640 and 700$/tonne, and the prices of rebar ranged between 710 and 750$ / tonne. The following prices of iron and steel in the global markets on
Steel prices in last week of January 2022 Read More »
The Ministry of Trade and Industry in the State of Kuwait announced the prices of rebar, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 225 10 mm Kuwait Ton 225 12 mm Kuwait Ton 225 14 mm Kuwait Ton 225 16 mm Kuwait Ton 225 Imported Rebar Size Origin Unit
Prices of Rebar in Kuwait Read More »
According to the General Authority for Statistics, the average price of a ton of rebar in Saudi Arabia was 3578.1 riyals in December 2021, an increase of 1.45% compared to November 2021, which amounted to 3526.9 riyals, and an increase of 19.0% compared to the price of December 2020, which amounted to 3006.6 riyals. The
Rising prices of rebar in Saudi Arabia in 2021, cement stability Read More »
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
US rebar imports down 4.3% in November Read More »
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
Prices of Rebar in Kuwait 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
Japanese steel exports down 13% in October Read More »
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
US rebar exports down 8.6 percent in September Read More »
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 »
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 »