Arab countries

Saudi Arabia: The Foreign Trade Authority announces the start of an anti-dumping investigation against imports of steel or stainless steel pipes

The General Authority for Foreign Trade announced the start of an anti-dumping investigation against the Kingdom’s imports of a steel or stainless steel pipe product with longitudinally welded circular sections originating from or exported from the People’s Republic of China and Taiwan. The Authority said in a statement that the decision to begin the investigation …

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The General Iron and Steel Mines approves the estimated budget and reduces the targeted surplus

The Ordinary General Assembly of the Iron and Steel Company for Mines and Quarries approved the company’s estimated budget for the next fiscal year 2024-2025. According to a company disclosure, the general assembly decided to amend the company’s estimated budget to target a surplus of 300 million pounds, provided that the quantity and value of …

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Jordan Steel announces the prices of rebar for May 2024

Jordan Steel Company announced rebar prices for May 2024, an increase of between 20-35 dinars over last month’s prices. The prices for Grade 60 EXW, between 450 and 453 dinars per tonne, excluding sales tax. However, with sales tax, it is between 535 and about 540 dinars per tonne. Grade Price without tax Price …

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Rebar prices in Egypt May 07, 2024

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 40,500. 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 37,300, …

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Rebar prices in Egypt May 01, 2024

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 37,500 – EGP 40,500. 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 40,500, Ashry Steel EGP 39,500. Garhy Steel EGP 40,300, Misr Steel EGP 37,500, El …

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Egypt: Ezz Steel announces the prices of rebar and flat steel for May

Ezz Steel Company announced price stability starting May 1, 2024 for the second 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

Emirates Steel Arkan keeps rebar prices stable despite market challenges

Emirates Arkan Company announced that it will keep unchanged the prices of rebar for May production (10-40 mm) at 2,744 dirhams ($747) per ton CPT Abu Dhabi and 2,752 dirhams ($749) per ton CPT Dubai, Sharjah and the Northern Emirates. The above prices do not include 5% VAT. The factory’s decision to keep prices unchanged …

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Saudi Iron and Steel Company announces rebar prices for May without change

Saudi Iron and Steel Company (Hadeed) has announced that it will maintain current prices for rebar and wire rod for its May output, marking the third consecutive month of price stability. The price of rebar (12-32 mm) will remain at 2,350 riyals ($626) per ton. While wire coils (6.5-16 mm) will continue to be offered …

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Arab Iron and Steel Union holds the 128th Board of Directors meeting and the 57th General Assembly in Algeria

AISU, News / By user

The meeting of the 128th regular session of the Board of Directors of the Arab Iron and Steel Union and the 57th regular session are scheduled to be held during the period May 19-20, 2024 in the city of Algiers – Republic of Algeria at the Eurasian Hotel – Algeria at the invitation of the …

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Al Yamama Steel announces the start of commercial production for the first phase of the expansion of the Jeddah Pipe Factory

Al Yamamah Steel Industries Company announced the start of commercial operation of the first phase of the expansion of the Jeddah Pipe Factory during the current month of April. In a statement today on Tadawul, the company expected that the financial impact of the expansion of the Jeddah Pipe Factory would be reflected on the …

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Egypt: Iron and Steel for Mines and Quarries sells worth 34.24 million pounds in March

The Iron and Steel for Mines and Quarries announced that it achieved total sales in the month of last March amounting to 34.242 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines during the month of March amounted to 34.232 million pounds. The company …

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Emirates Steel Arkan Recognized as “2024 Steel Sustainability Champion”

Emirates Steel Arkan (ESA), one of the largest publicly traded steel and building materials manufacturers in the region, announces its recognition as a 2024 Steel Sustainability Champion by the World Steel Association (worldsteel). This prestigious accolade, now in its seventh year, celebrates companies showcasing exemplary commitment to sustainable development within the global steel industry. Emirates …

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The Chinese “Xin Feng” is establishing a factory for iron products in Egypt for $300 million

News / By wessam ahmed

The General Authority for the Suez Canal Economic Zone in Egypt signed a contract granting a usufruct right for a land with an area of 750,000 square metres, to the Chinese company “WU’AN Million dollars. The authority said in an issued statement that the project provides 1,200 job opportunities, aims to export 70% of its …

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Arab Iron and Steel Union holds the second technical committee meeting in the Kingdom of Saudi Arabia

AISU, News / By user

The Arab Iron and Steel Union held the second meeting of the Technical Committee on April 21-22, 2024 in Jeddah, Kingdom of Saudi Arabia, at the Shangri-La Hotel – Jeddah. At the invitation of the Saudi Iron and Steel Company – Hadeed. During this meeting, the technical data collected from Arab steel companies was studied …

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UAE: Rebar prices rise by 8% during the first quarter of 2024

Rebar prices in the UAE markets moved in a narrow range during the first quarter of 2024, ranging around 2,745 dirhams/ton, compared to an average of 2,538 dirhams/ton during the same period in 2023, an increase of 8%. Prices reached levels of 2,680 dirhams/ton in January of this year, while they ranged around 2,734 dirhams/ton …

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Memorandum of understanding between Libyan Iron and Steel Company and the Italian company Danieli

The Libyan Iron and Steel Company signed a memorandum of understanding with the Italian company Danieli to launch a project to implement a direct reduction plant. The Libyan company made the statement through its official Facebook account. The factory will produce two million tons of sponge iron and hot-molded iron annually. Sponge or hot-molded iron …

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Ezz Steel turns to losses and incurs 716.53 million pounds during 2023 due to currency differences

Ezz Steel Company explained in a statement to the Egyptian Stock Exchange that it achieved losses amounting to 716.530 million pounds during 2023, compared to profits amounting to 6.647 billion pounds during the comparative period of 2022, affected by its losses from currency differences amounting to 30.9 billion pounds. According to the company’s disclosure, taking …

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Al Jazeera Steel’s profits increased to 1.82 million riyals by the end of َQ1of 2024

The profits of Al-Jazeera Steel Company, which operates in the iron pipe industry, rose to 1.82 million Omani riyals (15 baisa/share) at the end of the first quarter of 2024, compared to profits of 1.49 million riyals achieved in the same period in 2023, as the following table shows: income list Period First Quarter 2023 …

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Rebar prices in Egypt April 15, 2024

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 37,500 – EGP 46,500. 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 46,500, Ashry Steel EGP N/A, Garhy Steel EGP 40,300, Misr Steel EGP 38,000, …

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Arab Iron and Steel Union holds the second technical committee meeting in Saudi Arabia

The Arab Iron and Steel Union is scheduled to hold the second meeting of the Union’s Technical Committee on April 21-22, 2024 in Jeddah, Saudi Arabia, at the Shangri-La Hotel – Jeddah. At the invitation of the Saudi Iron and Steel Company – Hadeed. During this meeting, it is scheduled to study the technical data …

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Competition Authority approves the completion of the economic concentration between the two companies, Hadeed and Al Rajhi Steel

The Board of Directors of the General Authority for Competition approved the completion of the economic concentration process between the Saudi Iron and Steel Company – Hadeed and Al Rajhi Steel Industries Company – Al Rajhi Steel. The authority explained in its account on the X platform. The approval was made after the Council reviewed …

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Rebar prices in Egypt April 7, 2024

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,800 – EGP 46,500. 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 46,500, Ashry Steel EGP N/A, Garhy Steel EGP 46,300, Misr Steel EGP 38,000, …

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Egypt’s steel exports will increase by 65% in 2023

In 2023, Egypt witnessed a major boom in its iron and steel exports, rising by 65% year-on-year to reach $2.33 billion, a significant increase compared to $1.41 billion the previous year. According to a report issued by the Export Council for Building Materials, Refractories and Metals, Egyptian suppliers succeeded in penetrating the markets of 87 …

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Egypt: El Marakby Steel targets $110 million in exports in 2024

CEO of El Marakby Steel Company, Hassan El Marakby, said that the company aims to increase its export revenues during the current year by approximately 10%, to rise to $110 million if global markets improve in terms of demand and prices. At the very least, the company will seek to maintain last year’s revenues at …

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Egypt: Suez Steel announces a decline in the prices of rebar

Suez Steel Company announced the prices of rebar starting from April 05, 2024, to become EGP 40,500 per ton, aa decrease of EGP 6,000. And flat steel, including value-added tax. Statement including VAT Rebar 40,500

Egypt: Ezz Steel announces a decline in the prices of rebar and flat steel

Ezz Steel Company announced the prices of rebar starting from April 5, 2024, to become EGP 40,700 per ton, aa decrease of EGP 5,800. And flat steel, EGP 41,700 per ton, a decrease of EGP 8,620 EXW, including value-added tax. Statement including VAT Rebar 40,700 Flat Steel 41,700

Jordan Steel announces the prices of rebar for April 2024

Jordan Steel Company announced rebar prices for April 2024, unchanged from last month’s prices. The prices for Grade 60 EXW, between 420 and 432 dinars per tonne, excluding sales tax. However, with sales tax, it is between 500 and about 515 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes …

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Egypt: 19.1 million pounds in iron and steel sales to mines during February 2024

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of February of 19.086 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines during December amounted to 19.08 million pounds. She added that the sales value …

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Emirates Green Metal establishes an steel recycling facility with investments of $100 million

Khalifa Economic Zones Abu Dhabi – Kizad Group and Green Metal Industries, based in the UAE, announced the signing of an agreement to develop a new facility for recycling scrap steel and manufacturing special steel products in Kizad. The factory will be developed with investments amounting to $100 million, and will rely on advanced technologies …

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Rebar prices in Egypt April 1, 2024

Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 36,500 – EGP 47,000. The prices were as follows: Ezz Steel EGP 46,500, Suez Steel EGP46,500, Bishay Steel EGP 47,000, El Marakby Steel EGP 43,500, Egyptian Steel EGP 46,500, Ashry Steel EGP 46,500, Garhy Steel EGP 46,300, Misr Steel EGP 39,000, El …

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