The “Tosyali Algeria” iron and steel company is expected to export about 150 thousand tons of steel to Spain in the coming few days. The Minister of Trade and Export Promotion, Tayeb Zitouni, revealed that “if there are requests on the table to establish economic relations with Spain, we are open to that and with …
“Tosyali Algeria” exports 150 thousand tons of Steel to Spain Read More »
The Iron and Steel Company for Mines and Quarries announced achieving total sales in June worth EGP 17.83 million. The company explained, in a statement to the Egyptian Stock Exchange today, that the sales of the Bahariya Oasis mines in June amounted to EGP 17.83 million. It added that the value of sales of the …
Egypt: EGP 17.8 million in iron and steel for mines sales in June Read More »
The President of the Republic, Mr. Abdelmadjid Tebboune, supervised the honoring of nine institutions within the framework of the “President of the Republic Award for the Best Exporter” for the year 2023, in appreciation of their efforts and contribution to the diversification and development of Algerian exports outside hydrocarbons. The honoring ceremony was held at …
Baosteel Iron & Steel Co., China’s largest listed iron and steel company, said it will double its investment in a joint venture to manufacture steel plates in Saudi Arabia to $1 billion, up from about $437.5 million. Baosteel said in a separate filing with the Shanghai Stock Exchange that it will reduce additional asset guarantees …
China’s Baosteel to boost investment in steel plate in Saudi to $1 billion Read More »
According to the latest report issued by the World Steel Organization on crude steel production, the Arab countries’ production of crude steel reached 3.2 million tons in June 2024, a decline of 0.4% compared to June 2023. The production of June 2024 was the lowest since May 2023. Saudi Arabia topped the Arab countries in …
Arab countries’ crude steel production increased by 5.3% in H1 of 2024 Read More »
Rebar prices in Egypt this week ranged between 37,300– 40,700 pounds. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 37,500, El Komy Steel EGP 36,500, El …
A report by Ezz Steel expects Egypt’s consumption of iron and steel to grow in the medium term, as a result of several factors, most notably the liberalization of the pound’s exchange rate, which took place on March 6, 2024, and the new economic measures that were taken, as well as the implementation of new …
A report predicts growth in steel consumption in Egypt Read More »
According to a statement released by the African Development Bank (AFDB), Mauritania plans to double its iron ore production to over 45 million mt per year over the next decade, in accordance with a shift towards low-carbon, which will require high-quality iron ore and direct reduced pellets. Within the scope of its plans, the country …
Within the framework of the Arab Iron and Steel Union’s objectives of focusing on human development and raising skills in the field of iron and steel, the Union trained a group of technicians at the Ezz Steel Dekheila Company. Through the training program “Maintenance Management Systems”. The program addresses the following topics: The concept of …
The United Libyan Company for Iron and Steel Industries signed an agreement with the Turkish company “Tosyali” to establish a direct reduction iron (DRI) plant in Benghazi. The company explained through a statement on its official Facebook account that this facility will be part of an integrated iron and steel plant, with a production capacity …
Tosyali signs a contract to establish a direct reduction iron plant in Benghazi Read More »
Despite the difficult economic situation in Egypt, local rebar manufacturers were able to improve their performance in the first half of 2024. Steel market participants indicate that the stability of exchange rates, currency pumping, and new investments were positive factors in the steel market. Egypt’s consumption of rebar reached 3.1 million tons in the first …
Egypt’s production and consumption of rebar increased in H1 of 2024 Read More »
Qatar Navigation Company Q.P.S.C. (“Milaha”), a leading provider of marine and logistics solutions, and Qatar Steel, the leading iron and steel manufacturer in Qatar, today signed a five-year agreement to provide stevedoring services that will facilitate the import and export of products manufactured by Qatar Steel. According to the agreement, Milaha will provide Qatar Steel …
Emirates Steel, a subsidiary of Emirates Steel Arkan Group, announced the signing of a new strategic partnership with Eversendai, a global leader in the field of iron, steel and metal construction. This partnership aims to enhance cooperation between the two companies in the ski village project at the Trogena Resort in the city of NEOM, …
The rebar market in the Kingdom of Saudi Arabia witnessed a decline in prices during the first half of 2024 compared to the same period in 2023, as the average price of rebar during the first half of the current year reached 2885.04 riyals, a decline of 6.9% from the average of the first half …
Rebar prices in Saudi Arabia declined in H1 of 2024 Read More »
Rebar prices in Egypt this week ranged between 37,300– 40,700 pounds. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 38,000, El Komy Steel EGP 37,500, El …
Prices of main building materials recorded mixed performance during the first quarter of 2024 compared to the same period in 2023. While cement prices increased by a rate ranging between 2 and 8.6%, twisted rebar declined by about 1.8%, according to data from the Dubai Statistics Center. Prices of salt-resistant cement with a capacity of …
UAE: Cement prices rise by 9%… and rebar prices decline by 2% Read More »
The Ministry of Housing and Urban Planning signed an agreement with the Chinese company CMEC to implement the third phase of the Sitra housing project. This came during a working meeting in the Chinese capital, Beijing, chaired by the Minister of Housing and Urban Planning, Amna Al Rumaihi, and the Chairman of the Board of …
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of May of 19.87 million pounds. The company explained, in a statement to the Egyptian Stock Exchange, that sales of Bahariya Oasis mines in May amounted to 19.86 million pounds. The company added that the value of …
Rebar prices in Egypt this week ranged between 38,000– 40,700 pounds. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 38,500, El Komy Steel EGP 38,000, El …
Emirates Steel Arkan announced that it has signed a memorandum of understanding with the Danieli Group, the international company. The memorandum was signed by Saeed Alghafri, CEO of Emirates Steel Arkan, and Rolando Paolone, CEO and CTO of Danieli, during the Fifth Danieli Innovaction Meeting that took place at Danieli headquarters in Italy. Emirates Steel …
Emirates Steel Company Arkan signs MoU with Danieli to reduce carbon Read More »
The Libyan Iron and Steel Company announced its production of raw steel, as Eng. Mohamed Al-Radani, Director of the Direct Reduction Factories Operation Department, confirmed through the company’s official Facebook page that the company succeeded in achieving the semi-annual target for the year 2024, and even exceeded it. He pointed out that the first and …
Jordan Steel Company announced rebar prices for July 2024, an increase of between 4 -5 dinars over last month’s prices. The prices for Grade 60 EXW, between 457 and 462 dinars per tonne, excluding sales tax. However, with sales tax, it is between 545 and about 550 dinars per tonne. Grade Price without tax …
Jordan Steel announces the prices of rebar for July 2024 Read More »
Within the framework of the objectives of the Arab Iron and Steel Union, focusing on human development and raising skills in the field of iron and steel, AISU trained a group of technicians at the Bahrain Steel Company through the training program “Maintenance Management Systems.” The program addresses the following topics: The concept of maintenance …
Rebar prices in Egypt this week ranged between 37,700 – 40,700 pounds. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 39,000, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 38,250, El Komy Steel EGP 38,250, …
Ezz Steel Company announced price stability starting July 1, 2024 for the fourth month in a row. Prices for rebar were EGP 40,700 per ton and flat steel at EGP 41,700 per ton. EXW, including value-added tax. Statement including VAT Rebar 40,700 Flat Steel 41,700
UAE’s Emirates Steel Arkan has maintained rebar prices for its July production. The company will continue offering rebar (10-40 mm) at AED 2,369 (USD 645) per ton EXW, AED 2,377 (USD 647) per ton CPT Abu Dhabi, and AED 2,384 (USD 649) per ton CPT Dubai, Sharjah, and Northern Emirates. These prices exclude 5pct VAT. …
Emirates Steel Arkan keeps rebar prices unchanged for July output Read More »
Saudi Iron and Steel Company (Hadeed) has increased rebar and wire rod prices for its July production. The company is offering rebar (12-32 mm) at SAR 2,410 (USD 642) per ton, an increase of SAR 35 (USD 9) per ton compared to the previous month. The price of wire rod (6.5-16 mm) has also risen …
Saudi Iron and Steel Company (Hadeed) raises long steel prices Read More »
Rebar prices in Egypt this week ranged between 37,700 – 40,700 pounds. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 38,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 38,000. Garhy Steel EGP 38,500, Misr Steel EGP 38,250, El Komy Steel EGP 38,250, …
Egypt’s imports of steel during the first quarter of 2024 amounted to about $1.164 billion, accounting for 6.1% of total Egyptian imports during this period, an increase of 29.5% compared to the same period in 2023, which amounted to $898.992 million. The 9 largest countries exporting iron and steel to Egypt Country Q1 2024 …
Egypt’s iron and steel imports recorded $1.2 billion in Q1 of 2024 Read More »
UAE attracted record inflows of inward foreign direct investment in 2023 at about 112.7 billion dirhams, equivalent to $30.7 billion, a growth of 35%, compared to 83.3 billion dirhams, equivalent to $22.7 billion in 2022, which reflects a noticeable increase in its attractiveness. For foreign investors, according to a report by the United Nations Conference …
UAE attracts record inflows of foreign investment… $31 billion in 2023 Read More »