The Arab Steel Summit kicked off this Monday morning, organized by the Arab Iron and Steel Union, with attendance of major Arab iron and steel companies, Ezz Steel Egypt, El Ashry Steel Group, El Marakby Steel Company, and other Egyptian companies. The Arab Steel Summit, which is being held this year in Doha, the capital …
Arab Steel Summit kicks off in Qatar with attendance of major Egyptian companies Read More »
George Matta, Head of Marketing Sector at Ezz Steel and Chairman of the Economic Committee of the Arab Iron and Steel Union, expected that demand for steel products in the Middle East region will increase during 2024, supported by infrastructure projects implemented by Egypt, Saudi Arabia, the United Arab Emirates, and Algeria. In his speech …
The 17th Arab Steel Summit kicked off in Doha today, Monday, with the attendance of about 550 participants from the most prominent influencers and experts in the iron and steel industry. In his opening speech, Al Kaabi pointed to a set of challenges facing the steel industry in the Arab world, especially geopolitical fluctuations and …
Arab Steel Summit in Doha Discusses Geopolitical Challenges to Steel Industry Read More »
In the name of Allah, the Most Gracious, the Most Merciful His Excellency Eng. Saad Sherida Al-KaabiMinister of State for Energy Affairs – State of Qatar Your Excellencies the Ambassadors of the Arab Countries His Excellency Mr. Awad Al-Khalidi, Chairman of the Board of Directors of the Arab Iron and Steel Union Ladies and Gentlemen …
Speech of the Secretary General Dr. Kamel Djoudi at the 17th Arab Steel Summit Read More »
His Excellency Eng. Saad Sherida Al Kaabi, Minister of State for Energy Affairs, opened the 17th Arab Steel Summit and the accompanying International Iron and Steel Exhibition, calling for strengthening the position of the Arab iron and steel industry on the global map and creating appropriate regulatory and investment conditions to stimulate its growth and …
HE Minister of State for Energy Affairs, Saad bin Sherida Al Kaabi, inaugurated the 17th Arab Steel Summit and the accompanying International Iron and Steel Exhibition by calling for positioning the Arab iron and steel industry firmly on the global map and creating the appropriate regulatory and investment conditions to stimulate its growth and enhance …
Qatar Steel is hosting the 17th Arab Steel Summit and International Iron and Steel Exhibition at the Sheraton Doha Hotel from October 14 to 15, 2024 under the patronage of His Excellency Eng. Saad Sherida Al Kaabi, Minister of State for Energy Affairs. Qatar Steel said that the event, organized by the Arab Iron and …
540 Participants and Exhibitors at Arab Steel Summit Read More »
International Steel for Industry intends to pump investments worth 5.5 billion pounds to develop the Delta Steel Factory, and increase its production capacity of reinforcing steel, steel coils and steel squares during 2025. Ahmed Al-Jarwani, Chairman of the Board of Directors of International Steel for Industry, told “Al-Arabiya Business” that the company will finance about …
Egypt: “International Steel” pumps 5.5 billion pounds to develop “Delta Steel” factory Read More »
The National Association of Banks and Financial Institutions issued an instruction prohibiting the import of some steel products. The association said it received a telegram from the Secretary General of the Ministry of Trade and Export Promotion asking banks not to approve bank domiciliation requests related to the import of some steel products intended for …
The state will support Maghreb Steel, the main national player in the steel industry, in the development of four innovative projects. The company will benefit from financial support as part of the industrial innovation support program funded by the Innovation Support Fund (FSI), according to the Moroccan website Ludisk. The objective of the contract signed …
Morocco to develop four new types of steel locally Read More »
Jordan Steel Company announced rebar prices for October 2024, a decrease of between 2-5 dinars over last month’s prices. The prices for Grade 60 EXW, between 451 and 457 dinars per tonne, excluding sales tax. However, with sales tax, it is between 537 and about 545 dinars per tonne. Grade Price without tax Price …
Jordan Steel announces rebar prices for October 2024 Read More »
The adjusted financial indicators of the Iron and Steel Mines and Quarries Company revealed a marginal decline in the company’s net profit during the last fiscal year. It explained in a statement to the Stock Exchange that it achieved a net profit of EGP 125.95 million in profits during the period from July 2023 to …
Iron and Steel Mines’ Profits Record EGP 126 Million in Last Fiscal Year Read More »
Engineer Mohamed Shimi, Minister of Public Business Sector, paid a field visit to Nasr Steel Pipes Manufacturing Company, affiliated to the Holding Company for Metallurgical Industries, as part of the ongoing field visits to affiliated companies to monitor the progress of work and modernization and development plans. During the visit, he inspected factories and production …
Minister of Public Business Sector visits Nasr Steel Pipes Company Read More »
A recent report revealed a 15% decline in Egypt’s iron and steel exports in January – August of this year, reaching $1.368 billion, compared to $1.617 billion in the same period last year. Italy came in first place among importers of Egyptian iron with a value of $161 million, followed by Spain with $153 million, …
$1.3 billion is the volume of Egypt’s iron and steel exports in January – August 2024 Read More »
Dr. Manal Awad, Minister of Local Development, announced the President of the Republic’s approval of the joint study prepared by the Ministry of Local Development in cooperation with the Ministry of Housing to cancel the building and planning requirements currently in effect in Egyptian cities in the governorates, which were issued in March 2021, and …
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70 ($19) per ton, bringing the new price to SAR 2,300 ($613) per ton. Similarly, the price of wire …
Saudi Iron and Steel Company – Hadeed – Reduces Rebar Prices for October Delivery Read More »
The talk about green steel is increasing year after year, within the framework of global energy transition and emission reduction initiatives led by Europe, the United States and some major industrial countries. The Middle East and North Africa region is attracting significant European and global attention within the framework of these emerging initiatives, given that …
Report: Green Steel Industry in the Middle East Gains Global Attention Read More »
Dr. Mostafa Madbouly, Prime Minister of Egypt, held a meeting with a number of ministers and officials to discuss the mechanism for amending carbon limits to enhance Egyptian competitiveness in the field of exports. Counselor Mohamed El-Homosany, the official spokesman for the Presidency of the Council of Ministers, stated that the meeting discussed the available …
Egypt moves to amend carbon limits to enhance competitiveness Read More »
Tosyali Algeria announced the commissioning of the second direct reduction unit, which operates using 100% natural gas or hydrogen with modification, which reduces carbon emissions. The new module will produce 2.5 million tons of products (HDRI, CDRI) per year. According to equipment supplier Midrex, the plant is capable of operating with an increased percentage of …
Tosyali Algeria launches second DRI production unit Read More »
The Arab Iron and Steel Union held the third meeting of the Technical Committee on September 17-18, 2024 in the city of Algiers in the Republic of Algeria at the Algiers Hotel. During this meeting, the opportunities and challenges of Arab steel companies to achieve carbon neutrality in the iron and steel industry and short- …
Arab Iron and Steel Union holds the third meeting of the Technical Committee in Algeria Read More »
Jassim Al Abbas, Vice Chairman of the National Iron Industry Committee and General Manager of Sales, Marketing and Business Development at Al Ittifaq Steel Company, said that the expected demand for reinforcing steel and coils during the current year 2024 is about 7.5 million tons. Al Abbas explained in an interview with Argaam on the …
Canada has issued a final determination on the dumping of Egyptian wire rod, according to a notice from the Canada Border Services Agency (CBSA). The CBSA also confirmed final antidumping margins on wire rod imports from China and Vietnam. As a result, Egyptian wire rod exports, particularly from Suez Steel, will face an 8.6% antidumping …
Canada unveils final dumping margins for Egyptian wire rod exporters Read More »
A report by Ezz Steel expects Egypt’s reinforcing steel consumption to increase by 5% in 2024 to 6.8 million tons, driven by the completion of infrastructure projects, the payment of contractors’ dues, and the expected resumption of new building permits. Flat steel consumption is also expected to remain stable at 1.5 million tons in 2024, …
Report expects Egypt’s steel consumption to grow to 6.8 million tons in 2024 Read More »
Egypt’s rebar consumption increased to 3.059 million tons in H1 2024, up 9%, as a result of the shift in monetary policy that increased the availability of the dollar and stimulated increased construction activity. However, the consumption level is still much lower than the level that prevailed 8 years ago in 2016, which amounted to …
Egypt’s Rebar Consumption Exceeds 3 Million Tons in H1 2024 Read More »
Eastern Pipes Integrated Industry Company announced last Thursday that it signed several contracts with the Saudi Arabian Oil Company – Aramco for the manufacture and supply of steel pipes, worth more than 1.65 billion riyals, including value-added tax. The company said in a statement on Tadawul that the contract period is 19 months, noting that …
Emirates Steel Arkan, one of the largest national companies listed in the steel and building materials sector in the region, announced the change of its corporate identity to Emsteel Group (listed on the Abu Dhabi Securities Exchange under the symbol: (EMSTEEL), as part of its ambitious strategy to lead the sustainable industrial transformation scene and …
Emirates Steel Arkan announces change of corporate identity to Emsteel Group Read More »
Emirates Steel Arkan has announced the appointment of Mark Tonkins as Group Chief Financial Officer, effective September 2, 2024. Tonkins, who most recently served as CFO at BME, brings with him a wealth of experience gained through his senior financial positions at Borless and Phillips. In his new role, Tonkins will be responsible for driving …
The value of Egypt’s iron and steel exports declined by about 19% during January-July of this year to reach $1.17 billion, compared to about $1.43 billion in the same period last year, according to government data. The data revealed a decline in Egypt’s iron and steel exports by more than 40% during the month of …
Egypt’s iron and steel exports decline by 19% during January-July 2024 Read More »
The Iron and Steel Company for Mines and Quarries announced achieving total sales in July worth EGP 22.5 million. The company explained, in a statement to the Egyptian Stock Exchange, that sales of the Bahariya Oasis mines in July amounted to EGP 22.49 million. It added that the value of sales of the Beni Khaled …
Egypt: EGP 22.5 million in iron and steel sales for mines in July Read More »
The Arab Iron and Steel Union held the ninth meeting of the Economic Committee in Cairo, Egypt, in the period from 2-3 September. The committee meeting was attended by representatives of the following countries: Egypt – Algeria – Kuwait – Qatar – Tunisia – Libya. During the meeting sessions, the economic conditions in Arab countries …
Arab Iron and Steel Union holds the ninth meeting of the Economic Committee in Cairo Read More »