Arab Steel Summit

Raw materials and scrap

Egypt cancels the ban on exporting stainless steel scrap and imposes a fee of 3,500 pounds per tonne

The Egyptian Ministry of Industry and Trade decided to cancel Resolution No. 190 of 2022 banning the export of stainless steel scrap, and imposing an export fee of 3,500 pounds per ton. According to the text of the decision, scrap and waste of stainless steel alloys, customs item 7204.21, shall be deleted from the table

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Steel prices

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.

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China’s $30 billion investment in coal hurts its climate goals

China’s increased spending this year on coal-fired electricity and steel production threatens its climate goals and could even turn them into a missed investment, according to clean air campaigners. The acceleration in approvals for a package of projects in the first half of 2022, which represents up to 230 billion yuan ($32 billion) in investment,

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Steel prices in the third week of September 2022

According to the prices of the global steel markets, the scrap price reached 350$/tonne , Iron ore price was 98$/tonne , while the prices of billets ranged between 530 and 620$/tonne, and the prices of rebar ranged between 670 and 680$ / tonne, Wire Rod ranged between 680 and 750$ / tonne.

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Steel prices in the second week of September 2022

According to the prices of the global steel markets, the scrap price reached 360$/tonne , Iron ore price was 103$/tonne , while the prices of billets ranged between 535 and 590$/tonne, and the prices of rebar ranged between 680 and 720$ / tonne, Wire Rod ranged between 690 and 740$ / tonne.

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The Coke General Assembly decided “to liquidate the company because it was not feasible to continue but preserving the rights of employees”

The Extraordinary General Assembly of Al-Nasr Coke Manufacturing and Basic Chemicals Company, affiliated with the Holding Company for Metallurgical Industries, decided, in its session held on September 5 2022, to dissolve and liquidate the company while taking the necessary measures in this regard and preserving the rights of the workers stipulated by law, in light

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Steel prices in the first week of September 2022

According to the prices of the global steel markets, the scrap price reached 390$/tonne , Iron ore price was 95$/tonne , while the prices of billets ranged between 353 and 600$/tonne, and the prices of rebar ranged between 700 and 710$ / tonne, Wire Rod ranged between 750 and 760$ / tonne.

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Steel prices in the fourth week of August 2022

According to the prices of the global steel markets, the scrap price reached 402$/tonne , Iron ore price was 106$/tonne , while the prices of billets ranged between 525 and 580$/tonne, and the prices of rebar ranged between 580 and 580$ / tonne, Wire Rod ranged between 680 and 700$ / tonne.

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Steel prices in the third week of August 2022

According to the prices of the global steel markets, the scrap price reached 394$/tonne , Iron ore price was 102$/tonne , while the prices of billets ranged between 530 and 590$/tonne, and the prices of rebar ranged between 650 and 670$ / tonne, Wire Rod ranged between 700 and 700$ / tonne.

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Iron Mines in Tébessa: Memorandum of Understanding between the “Manal” complex and the Turkish company Zumrat

ALGIERS- A memorandum of understanding was signed in Algiers on Tuesday in Algiers between the Algerian Mines Complex (Manal) and the Turkish company “Ozmert” within the framework of developing and valorising iron mines in the cities of Boukhadra and Ouenza in Tébessa. The President and General Manager of «Manal» Complex, Mr Mohamed Sakhr, and the

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