According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production in December 2024 amounted to 3.7 million tons, an increase of 3.2% compared to December 2023. Egypt topped Arab countries in steel production in December with a production volume of 991.2 thousand tons, an increase …
Arab countries’ crude steel production to rise by 2.6% in 2024 Read More »
In a historic achievement that is considered a turning point in the Egyptian mining industry, Sun Rise, a leading company in the field of exporting and recycling industrial waste, announced the signing of an agreement with the Egyptian Iron and Steel Company for Mines and Quarries to export iron ore to China during 2025. This …
Sun Rise Paves the Way for Iron Ore Exports in Egypt Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 33,500, El Komy Steel EGP 32,700, …
Emirates Steel, a part of the EMSTEEL group, has announced stable rebar prices for February production. The price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai, Sharjah, and the Northern Emirates are offered at AED 2,668 (USD 726) per ton. These prices are exclusive …
Emirates Steel maintains rebar prices for February 2025 Read More »
The United Arab Emirates, represented by the Ministry of Finance, has successfully concluded the final round of negotiations for Double Taxation Avoidance Agreement on income and capital with the Russian Federation. This milestone underscores the UAE’s commitment to strengthening economic and tax cooperation, fostering a business-friendly environment that protects taxpayers’ rights, prevents double taxation, and …
UAE, Russia hold final round of negotiations for Double Taxation Avoidance Agreement Read More »
Dr. Mostafa Madbouly, Prime Minister, issued a decision to form specialized advisory committees to enhance communication between the government and experts in various private sector fields, as part of the approach aimed at strengthening permanent channels for exchanging visions and proposals to support the policy-making process. The decision stipulated the formation of 6 specialized advisory …
Vale has announced that its iron ore pelletizing plant at Sohar Port will be powered entirely by renewable electricity by 2030, aligning with the company’s global commitment to decarbonize operations. Nasser Al Azri, CEO of Vale in Oman, highlighted that the transition to green energy supports regional steel mills in their move toward low-carbon steel …
Oman : Vale’s Sohar pelletizing plant to transition to renewable power by 2030 Read More »
On the sidelines of the International Mining Conference held in Riyadh, the Mauritanian Minister of Industry and Minerals, Mr. Etiam Tijani, met with the CEO of Hadeed Company and Chairman of the Board of Directors of Takamul Company, Mr. Abdelkader Al-Mubarak, in the presence of the General Manager of SNIM, Eng. Mohamed Fall Ould Talmidi. …
Meeting between Mauritanian Minister of Minerals and Industry and CEO of Hadeed Read More »
Egyptian long steel producer El Marakby Steel has received technical approval for rebar exports to Brazil from the Falcao Bauer Quality Institute, the company announced in a statement. The certification confirms El Marakby Steel’s ability to produce steel rebar in various grades ranging from 6.3mm to 32mm while adhering to the ABNT NBR 7480:2007 quality …
Egypt: El Marakby Steel expands its exports by obtaining a certificate from Brazil Read More »
Slovenian leading electric steelmaker SIJ Group has signed a $1.54 billion agreement to build a specialized plant in Saudi Arabia, the company’s first investment outside Slovenia. The Slovenian Ministry of Finance said in a statement that the project is part of the long-term industrial development plan in Saudi Arabia, and will be mainly financed by …
Algerian-Qatari Steel Company, located in the industrial zone “Bellara” in the municipality of El Milia (Jijel Province), announced the export of about 700 thousand tons of iron products in the past year 2024. In a statement by the company’s Deputy General Manager, Sofiane Chaib Seti, he explained that the Algerian-Qatari Steel Company was able to …
Algerian-Qatari Steel Company exports about 700 thousand tons of steel products in 2024 Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,300, El Komy Steel EGP 33,600, …
In a move aimed at localizing one of the most important elements of the value chains in the metal packaging industry, the National Industrial Company and the Chinese DHX Group signed an agreement to establish the first integrated tinplate production plant in Saudi Arabia. The plant, whose establishment agreement was signed on the sidelines of …
The Minister of Industry and Pharmaceutical Production, Dr. Seifi Ghrib, visited the Algerian-Qatari Steel Company on Thursday, January 16, 2025, accompanied by the Wali of Jijel, and a number of national and local figures. They were received by the CEO of the National Iron and Steel Company, Mr. Adel Khaman, the CEO of the Algerian-Qatari …
Moody’s credit rating agency expects economic growth in most countries of the Middle East and North Africa region to accelerate during the current year, supported by the recovery of oil production and the progress of investment projects. The agency estimated in its report that economic growth in the Middle East and North Africa region will …
Moody’s expects economic growth in Middle East countries to accelerate in 2025 Read More »
Saudi Iron and Steel Company (Hadeed) revealed strategic acquisitions and investments worth 25 billion riyals to support Saudi Vision 2030 projects, as part of the strategic announcement package for the International Mining Conference in Riyadh. Hadeed also revealed, on the sidelines of the International Mining Conference in Riyadh, the company’s plans to produce 10 million …
According to the notification received by the World Trade Organization, Morocco has decided to end safeguard measures on imports of cold rolled sheets and plated or coated sheets applicable as of December 31, 2024. The measures have been implemented for ten years. The safeguard measures consist of an additional ad valorem duty of 13.75 percent …
Morocco terminates safeguard measures on CRS and coated sheets after 10 years Read More »
Al Jazeera Steel Company, operating in the iron pipes industry, profits rose to OMR 7.10 million (57 baisas/share) by the end of 2024, compared to profits of OMR 4.10 million achieved in the same period in 2023, as shown in the following table: income list Period September 2023 September 2024 Change Revenues (million Omani Riyals) …
Al Jazeera Steel profits rise to OMR 7.10 million (+73%) by the end of 2024 Read More »
The steel industry faces major challenges related to climate change and the need to reduce the carbon footprint, which has long been accused of being one of the main influencers of environmental pollution. It must be acknowledged that the largest countries in the world have made international public opinion aware of the need to take …
The Financial Regulatory Authority said that Ahmed Ezz, the main shareholder in Ezz Steel, filed a grievance against the exclusion of his shares and the shares of parties related to him from voting on the decisions of the extraordinary general assembly to voluntarily delist the company’s shares. Ahmed Ezz owns more than 68% of Ezz …
Ezz Steel shares jumped more than 5% at the start of trading on Tuesday, topping the Egyptian Stock Exchange after announcing the optional delisting price. By 10:45 am Cairo time, the stock rose 5.08% to EGP 126.8 with EGP 182 million in trading. Ezz Steel decided to set the purchase price for the delisted shares …
Egypt: Ezz Steel shares jump more than 5% to top trading Read More »
Rebar prices in Egypt this week ranged between EGP 32,700 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,500, El Komy Steel EGP 34,000, …
A group of Qatari investors are discussing with an Egyptian investor the establishment of a new iron and steel factory with initial investments of up to $100 million, with the target to start operations early next year, according to Al Borsa newspaper. The local investor is set to provide the land and construction in exchange …
Egyptian-Qatari alliance plans to invest $100 million in iron and steel factory Read More »
Ezz Steel Company announced the fair value study of the company’s share prepared by BDO Keys Financial Consulting Company for Securities. According to today’s disclosure, Monday, the study concluded that the fair value of Ezz Steel’s share is EGP 138.15, using the weighted average of the income and market approaches. Ezz Steel Company confirmed that …
Egypt: “Ezz Steel” announces the fair value of the company’s share Read More »
Morocco is preparing to apply a set of new technical standards on imported iron and steel products, with the aim of protecting the national economy from unfair practices. This step comes at a time when local industries are facing major challenges as a result of unfair trade practices from some countries. Starting from January 21, …
To combat dumping, Morocco applies new standards on iron and steel imports Read More »
The committee announced the update of the Saudi Building Code 2024 system, to replace the current version, based on Article 5 of the Saudi Building Code System, which stipulates that the code be updated every 5 years to keep pace with developments in the construction sector. The update of the Saudi Building Code 2024 system …
Adding 3 construction codes to the Saudi Building Code system Read More »
Amna bint Ahmed Al Rumaihi, Minister of Housing and Urban Planning, stressed the keenness to continue developing housing services provided to citizens, considering the social housing sector one of the vital sectors that receive priority, in light of the comprehensive development process led by His Majesty King Hamad bin Isa Al Khalifa, King of the …
Bahrain: Construction work to start on 372 units in Khalifa City this month Read More »
The Iron and Steel Company for Mines and Quarries announced its success in exporting its first shipment abroad in late November, and work is underway to load the export products during December. The company explained in a disclosure that the total export shipments reached 150 thousand tons, with 3 export shipments. It is noteworthy that …
Rebar prices in Egypt this week ranged between EGP 34,000 – EGP38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,800, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,800, Misr Steel EGP 34,700, El Komy Steel EGP 34,500, …
Al-Oula Steel Manufacturing Company announced its official entry into the subsidized building materials market in Kuwait, in line with Ministerial Resolution No. 222 of 2024 issued by the Ministry of Commerce and Industry, which is considered an important step to reduce the financial burdens on coupon owners. The new resolution aims to achieve greater efficiency …
Al-Oula Steel enters the subsidized building materials market in Kuwait Read More »