Rebar prices in the Kingdom of Saudi Arabia Read More »
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 49,000 – EGP 54,000. The prices were as follows: Ezz Steel EGP 49,920, Suez Steel EGP 49,920, Bishay Steel EGP 54,000, El Marakby Steel EGP 49,920, Egyptian Steel EGP 49,920 , Ashry Steel EGP 49,500, Garhy Steel EGP 49,750, Misr Steel EGP
The latest rebar prices update in Egypt, February 18, 2024 Read More »
Qatar Steel’s rebar sales will increase by 15% in 2023 Read More »
Tenaris, a company specialized in manufacturing and supplying steel pipes, opened a new industrial complex in Abu Dhabi under the name Etihad Pipes, with an investment of 220 million dirhams. The new industrial complex was established under a long-term partnership between ADNOC and Tenaris. The new complex has an area of 200,000 square meters and
Saeed Ghumran Al Rumaithi, CEO of Emirates Steel Group Arkan, confirmed that the UAE is considered one of the few countries recording growth in demand for iron in light of the current global circumstances, indicating the company’s keenness to stabilize iron prices in the local market. Al-Rumaithi explained that the local market recorded an increase
CEO of Emirates Steel Group, Arkan: Emirates Steel’s share is between 60-65% Read More »
Emirates Arkan Steel announced an 18% growth in net profits to 601.9 million dirhams, compared to net profits of 510.2 million dirhams in 2022. These positive results reflect the strong demand from local and international customers for value-added products, the continuous improvement in the revenues and profits of the building materials unit, as well as
Al Yamamah Steel Industries Company, which manufactures metal products to serve the construction, electricity and communications sectors, achieved profits of 29.5 million riyals at the end of the first quarter ending in December 2023. This compared to losses of 41.9 million riyals achieved during the same period in 2022. Quarterly comparison (million) item Q1 2023
Rebar prices in Egypt witnessed stability this week, as prices ranged between EGP 42,900 – EGP 49,920. The prices were as follows: Ezz Steel EGP 49,920, Suez Steel EGP 49,920, Bishay Steel EGP 42,900, El Marakby Steel EGP 49,920, Egyptian Steel EGP 49,920 , Ashry Steel EGP 49,500, Garhy Steel EGP 49,750, Misr Steel EGP
The latest rebar prices update in Egypt, February 11, 2024 Read More »
Muhaj Baghdad, an Iraqi-based company, has signed a contract with Danieli to develop a new 500,000-tpy rolling mill facility plant for rebar. The planned facility plant would use Danieli’s high-speed rolling technology to create high-quality rebar with a diameter of 10 to 40 mm. The plant will be constructed in the industrial district of Al-Hilla,
Muhaj Baghdad signs with Danieli to develop rolling mill plant Read More »
Ezz Steel Company announced the prices of rebar starting from February 5, 2024, to become EGP 49,920 per ton, aa decrease of EGP 5,360. And flat steel, EGP 53,740 per ton, a decrease of EGP 5,360 compared to yesterday price over EXW, including value-added tax. Statement including VAT Rebar 49,920 Flat Steel 53,740
Egypt: Ezz Steel announces a decline in the prices of rebar and flat steel Read More »
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 1750 – EGP 11,700 compared to last week. As prices this week ranged between EGP 42,900 – EGP 59,700 compared to prices last week. Which ranged between EGP 42,900 – EGP 55,280,EXW. The prices were as follows: Ezz Steel
Rebar prices rise in Egypt, February 4, 2024 Read More »
The Minister of Public Business Sector, Dr. Mahmoud Esmat, toured the factories of El-Nasr Steel Pipe Manufacturing Company. Which included the three main sectors for the production of longitudinally and spirally welded pipes. The stages of the production process in each sector, and the extent of commitment to the availability of a sufficient stock of
El Nasr Pipes adds a new production line for seamless pipes Read More »
Jordan Steel Company announced rebar prices for February 2024, a decrease of 10-15 dinars 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
Jordan Steel announces the prices of rebar for February 2024 Read More »
Within the framework of the objectives of the Arab Iron and Steel Union to focus on human development and raising skills in the field of iron and steel, the Union trained a group of engineers and technicians at the Bahrain Steel Company through the training program “Iron Ore Pelletization Technology” . The program addresses the
AISU trained a group from Bahrain Steel in the field of iron ore pelletizing Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last December amounting to 39.3 million pounds. The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines in December amounted to 39.28 million pounds. The Company added that the sales value
39.3 million pounds in iron and steel sales to mines and quarries in December Read More »
Oman and Etihad Rail signed a memorandum of understanding with Al Jazeera Steel Products Company to establish a strategic framework for cooperation in the field of logistical solutions for transporting raw materials and finished products in a more efficient, effective and sustainable manner. Under the memorandum, “Oman and Etihad Rail” will employ the Omani-UAE railway
Qatar Energy Company announced the award of contracts worth $6 billion for a project to increase oil production from Al Shaheen Field, the largest oil field in Qatar, by about 100,000 barrels per day. According to a statement published by Qatar Energy Company on its website, four main contract packages have been awarded for engineering,
An agreement was signed between the Metallurgical Industries Holding Company and the Chinese Shengli (Fujian) Investment and Development Company Limited to manage and operate billet production factories at the Delta Steel Company, within the framework of the general direction of supporting local manufacturing, increasing production, developing and modernizing the industry, and the strategy of the
Signing an agreement to manage and operate Delta Steel factories at maximum capacity Read More »
The Minister of Finance, who is in charge of running the Ministry of Economy and Planning in Tunisia, Siham Al-Boughdiri Namsiya, confirmed that the Ministry of Economy has approached the European Bank for Reconstruction and Development to obtain a loan worth $70 million with the aim of renewing the means of production of the “ELFOULADH”
The Saudi Iron and Steel Company (Hadeed) announced the official prices for selling rebar for February at 2,350 Saudi riyals per ton ($627 per ton), an increase of 25 Saudi riyals per ton ($7 per ton) compared to the level of January. The company resorted to this increase to balance costs. Despite the sufficient local
The Saudi Iron and Steel Company announces an increase in rebar prices for February Read More »
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 1,500 – EGP 6,980 compared to last week, as prices this week ranged between EGP 42,900 – EGP 55,280 compared to prices last week, which ranged between EGP 42,900 – EGP 48,500,EXW. The prices were as follows: Ezz Steel
Rebar prices rise in Egypt, January 28, 2024 Read More »
Ezz Steel Company announced the prices of flat steel starting from January 27, 2024, to become EGP 59,100 per ton, an increase of EGP 9,800 over the prices of last week, month, EXW, including value-added tax. Statement including VAT Flat Steel 59,100
Egypt: Ezz Steel announces new prices for flat steel Read More »
Rebar prices in the Gulf region witnessed an increase. Emirates Steel Arkan increased its price by AED 92/t ($25/t) to AED 2,689/t ($732/t) CPT Abu Dhabi and AED 2,696/t ($734/t) CPT Dubai, Sharjah and northern emirates. Bahrain’s Unirol raised offers by BHD 5/t ($13/t) to BHD 250/t ($662/t) EXW. Saudi Iron and Steel Company (Hadeed)
Rebar prices rose in the Gulf region Read More »
The Ministry of Trade and Industry in Egypt said that there is no study on canceling dumping duties on imports of rebar originating from or exported from Turkey, Ukraine, and China, as reported in the media. She said in a statement on Tuesday: “There is no study to amend the applicable fees or cancel them,
The prices of rebar for most companies in Egypt this week witnessed an increase between EGP 3,000 – EGP 6,500 compared to last week, as prices this week ranged between EGP 42,900 – EGP 48,500 compared to prices last week, which ranged between EGP 41,000 – EGP 44,500 ,EXW. The prices were as follows: Ezz
Rebar prices rise in Egypt, January 21, 2024 Read More »
Ezz Steel Company announced the prices of flat steel starting from January 20, 2024, to become EGP 49,300 per ton, an increase of EGP 3,800 over the prices of last week, month, EXW, including value-added tax. Statement including VAT Flat Steel 49,300
Egypt: Ezz Steel announces new prices for flat steel Read More »
Emirates Steel Arkan announced that it has signed a 5-year contract with Bahrain Steel to supply iron ore pellets. The contract, worth about $2 billion (about 7.3 billion dirhams), was signed at the fourth meeting of the Integrated Industrial Partnership Initiative for Sustainable Economic Development, which was recently held in Bahrain. The new agreement will
Emirates Steel Arkan signs a contract worth $2 billion with Bahrain Steel Read More »
The rebar market in the Kingdom of Saudi Arabia witnessed a decline in prices in 2023 compared to the year 2022, as the price of a ton of rebar in December reached 2891.97 riyals, a decline of 18 riyals, a decline of 0.6% compared to the month of November, and a decline of 13.1% compared
A report on rebar prices in Saudi Arabia by the end of December Read More »
The Royal Commission for Jubail signed a memorandum of understanding with the Brazilian mining company Vale to develop an iron ore briquette project in the Kingdom. The memorandum of understanding was signed on the sidelines of the Future Metals Forum, which lasted for two days, during which the Brazilian company presented its ambitious plans in
The profits of Al-Jazeera Steel Company, which operates in the iron pipe industry, rose to 4.13 million Omani riyals (33 baisa/share) by the end of 2023. This is compared to profits of 3.14 million riyals achieved in the same period in 2022, as the following table shows: Income List Period 2022 2023 Changes Revenue (million
Al-Jazeera Steel’s profits increased to 4.13 million riyals, 32%, by the end of 2023 Read More »