Japan’s Nippon Steel and Sumitomo Corp have secured orders from Qatar Energy for high-alloy seamless pipes to be used in a carbon capture storage (CCS) project. This project, led by Qatar Energy in Qatar’s Mesaieed Region, aims to construct a blue ammonia manufacturing plant. Nippon Steel recently shipped the first batch of these high-alloy seamless …
The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping duty investigation against wire rod imports from Egypt, China, and Vietnam. Focusing on Egypt, the Canadian regulator imposed a preliminary antidumping tariff of 49.7% on Suez Steel and 99.8% on all other Egyptian wire rod producers. For comparison, the preliminary dumping …
Canada imposes preliminary AD tariffs on wire rod imports from Egypt Read More »
On Sunday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani chaired a special meeting on the steel factory rehabilitation project in Basra Governorate, affiliated with the General Iron and Steel Company. During the meeting, Al-Sudani was briefed, according to a statement by his media office, on the progress of work related to the rehabilitation and operation of …
Obstacles to the steel factory rehabilitation project in Basra Governorate Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,000 – EGP 40,700. 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 37,500. Garhy Steel EGP 38,500, Misr Steel EGP 36,500, El …
In the latest report of Worldsteel , which was released on June 6, 2024 and includes a list of the largest steel producing companies and their ranking according to production in 2023. Ezz Steel ranked first among Arab Steel producers with 6.2 million tons of crude production, followed by Hadeed (SABIC) with 5.5 million tons …
Ezz Steel Tops Arab Producers List in 2023 with 6.2 million tons of crude steel output Read More »
Engineer Ahmed Samir, Minister of Trade and Industry, and Major General Abdel Majeed Saqr, Governor of Suez, discussed with representatives of 137 international companies specialized in the field of iron and steel manufacturing at the headquarters of the Suez Steel Company, affiliated with the Misr Steel Group, the investment opportunities available in the Egyptian market …
Egypt: The Ministry of Industry supports iron and steel factories to produce green steel Read More »
Emirates Steel Arkan, the largest local steel producer and market leader in the UAE, announced that it has signed a memorandum of understanding with China-based Delong Steel, in order to decarbonize its operations. Accordingly, and within the scope of the Memorandum of Understanding, the two companies will cooperate in building and operating a low-carbon raw …
The Egyptian AlGioshy Steel Company is negotiating with several Italian companies, most notably Danieli and Cedar Engineering, to add a new production line during the next year at an investment cost ranging between 500 million and 1 billion pounds. Tarek AlGioshy , the company’s chairman, said in an interview with Al Arabiya Business that, in …
JLL Real Estate indicated, in its latest report on the performance of the construction market in the UAE during the first quarter of 2024, that despite the continuation of global challenges such as persistent inflation, high interest rates, and geopolitical tensions, the total value of construction projects that were not completed is expected to reach… …
Jordan Steel Company announced rebar prices for June 2024, an increase of between 3 -10 dinars over last month’s prices. The prices for Grade 60 EXW, between 453 and 462 dinars per tonne, excluding sales tax. However, with sales tax, it is between 540 and about 550 dinars per tonne. Grade Price without tax …
Jordan Steel announces the prices of rebar for June 2024 Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 35,800. 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 38,500. Garhy Steel EGP 38,500, Misr Steel EGP 36,500, …
Saudi Aramco signed several contracts with Group Five Pipe and Integrated Pipes for Industry to supply steel pipes for its projects, with a value of more than 3.1 billion riyals, according to two separate disclosures by the two companies on the Saudi stock market. Aramco is heading to raise up to $12 billion (44.8 billion …
Aramco signs contracts to supply pipes for its projects worth 3 billion riyals Read More »
Ezz Steel Company announced price stability starting June 1, 2024 for the third 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
Maghreb Steel, the top flat steel producer in Morocco, has reported a 5pct YoY growth in revenue, driven by a rise in domestic sales. In the first quarter of 2024, the company’s sales revenue reached MHD 1.271 bln (USD 126 mln), marking a slight increase from MHD 1.206 bln recorded in the corresponding quarter of …
Maghreb Steel’s revenue climbs in Q1 2024 amid surge in sales Read More »
Tosyali Algeria Steel Complex, located in Batioua, Oran Province, announced on Monday, May 27, the operation of its flat steel production plant. This is the first phase of this new investment, which will become fully operational during the second half of 2024. The steel manufacturer said in a press release that Tosyali Algeria is honored …
Tosyali Algeria announces the start of operation of its flat steel production plant Read More »
The Saudi Iron and Steel Company (Hadeed) announced the prices of rebar for the month of June, as the price of rebar (12-32 mm) reached 2,375 riyals ($633) per ton, an increase of 25 riyals ($7) per ton compared to the previous month. While the prices of wire rod (6.5 – 16 mm) remained unchanged …
Saudi Iron and Steel Company announced an increase in the prices of rebar Read More »
Official data from the Chamber of Metallurgical Industries of the Federation of Egyptian Industries revealed that total iron exports in the first quarter of this year recorded 355 thousand tons, compared to about 291 thousand tons in the first quarter of 2023. The president of AlGioshy Steel Company, Tariq Al Gioshy , said that rebar …
Egypt’s exports of rebar increased by 22% in Q1 of 2024 Read More »
The Saudi Basic Industries Corporation (SABIC) announced that it has obtained all final approvals from the competent authorities, that all conditions have been met, and that ownership of the Saudi Iron and Steel Company (Hadeed) has been completely transferred to the Public Investment Fund. The company said in a statement to Tadawul Saudi Arabia, today, …
Market insiders in the United Arab Emirates reported that rebar prices for Emirates Arkan Steel reached 2,370 dirhams ($645) per ton CFR. This comes after Emirates Steel Company amended its pricing policy, moving from the unified market price to different prices based on individual customer agreements. Regular customers reportedly get additional discounts on orders exceeding …
Ezz Steel Company said that establishing a factory to produce steel plates is still in the study stage. The company confirmed, in a statement in response to the stock exchange’s inquiries regarding what was published under the title “Ezz Steel obtains a license in preparation for launching a new panel factory,” that construction work has …
Ezz Steel: Establishing a factory to produce steel plates is still in the study stage Read More »
The signal to start the construction work of the first mixed unit for the production of iron ore concentrates in the Tomiyat region (north of Bashar) was officially given by the local authorities of Bashar State and officials of the “Tosyali Company.” The project aims to value the iron ore mine in Gara Djebilet (Tindouf). …
Today, Sunday, in Algiers, the work of the Board of Directors of the Arab Iron and Steel Union was held, in its 128th regular session, to discuss ways to embody cooperation and integration in the fields of the iron and steel industry in the Arab world. It was done during the session. Which was chaired …
The Arab Iron and Steel Union held its Board of Directors meetings No. 128 and General Assembly No. 57 in the city of Algiers, the Republic of Algeria, at the Eurasian Hotel on May 19 and 20, at the kind invitation of the Metal and Steel Industries Complex “Imetal ”, in the presence of representatives …
Saudi Pipelines announced that it had won a contract to supply steel pipes for oil and gas to Saudi Aramco, with an estimated value of 138.6 million riyals ($37 million). The company said, in a statement to the Saudi Stock Exchange (Tadawul), that the duration of the contract is up to 12 months, and it …
Saudi Pipelines wins a supply contract for Aramco worth $37 million Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 35,500. The prices were as follows: Ezz Steel EGP 40,700, Suez Steel EGP 40,500, Bishay Steel EGP 40,700, El Marakby Steel EGP 40,500, Egyptian Steel EGP 40,600, Ashry Steel EGP 39,500. Garhy Steel EGP 40,000, Misr Steel EGP 36,500, …
The financial indicators of the Iron and Steel Company for Mines and Quarries showed the first 9 months of the current fiscal year. The company’s profits increased by 16%, on an annual basis. The company explained in a statement to the Egyptian Stock Exchange. It recorded profits after taxes amounting to EGP 113.255 million in …
Egypt: Iron and steel mine profits rise to more than EGP 113 million within 9 months Read More »
In Algiers, three agreements and contracts were signed relating to mining and mining projects in Gara Jbeilat (Tindouf), Thala Hamza Oued Amizour (Bejaia) and Bechar, between national companies and international partners. The signing took place on the sidelines of a ceremony commemorating the 58th anniversary of the nationalization of mines and the 57th anniversary of …
A new contract with Danieli has been signed for the supply of a new, three-strand billet caster to be installed in the region of Babil, Iraq. The continuous casting machine will produce 500,000 tpy of rebar grades in a 130×130 mm section and feed in hot-charge mode the high-speed rebar mill also recently ordered from …
Iraq : Danieli to supply new billet caster to Iraq’s Muhaj Baghdad Read More »
Emirates Steel Arkan announced its financial results for the Q1 2024, with revenues of AED 2.14 billion and EBITDA of AED 294 million. The Group’s positive performance in the first three months of the year demonstrates its resilience and efficiency amidst challenging market conditions. During the quarter, the Group’s performance was supported by a strong …
Emirates Steel Arkan reports AED 2.14 billion revenue in Q1 2024 Read More »
Etihad Rail has concluded a partnership agreement with Oman Rail and Mubadala, to implement the Omani-UAE railway network project. The agreement was signed during the visit of Sultan Haitham bin Tariq, Sultan of Oman, to the UAE, where agreements were signed to award contracts for civil and construction works, award systems and integration contracts for …
Signing an agreement to implement the Emirati-Omani railway network project Read More »