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Minister of Industry and Pharmaceutical Production visits Sider El hadjar complex and confirms the recovery of 215 hectares that will be directed to investment projects.

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The Minister of Industry and Pharmaceutical Production, Ali Aoun, confirmed this Monday in Annaba. A total of 215 hectares of industrial property were recovered in the vicinity of Sider El hadjar Iron and Steel Complex, which will be directed to launching investment projects that enhance national production capabilities of various materials and products. The Minister …

Minister of Industry and Pharmaceutical Production visits Sider El hadjar complex and confirms the recovery of 215 hectares that will be directed to investment projects. Read More »

Mauritania: SNIM Company announces that its annual sales have exceeded 14 million tons for the first time

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The National Company for Industry and Mines (SNIM) announced that the company’s sales exceeded 14 million tons, for the first time in its history. Heralding the entry of a new turn in production. The company indicated that this achievement is unprecedented. It would not have been possible without the effectiveness of the company’s strategic program …

Mauritania: SNIM Company announces that its annual sales have exceeded 14 million tons for the first time Read More »

Cooperation between SMS Group and El-Marakby Steel to evaluate Melt shop to improve production

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In early 2023, Al Marakby Steel Company commissioned SMS Group to evaluate the company’s melt shop and by early November 2023, the evaluation was completed. The overall goal of the evaluation was to improve production and performance to reduce the plant’s need for additional processing, which facilitated a 10% increase in production. As market demands …

Cooperation between SMS Group and El-Marakby Steel to evaluate Melt shop to improve production Read More »

The Minister of Industry and Pharmaceutical Production visits the Algerian Qatari Steel

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The Minister of Industry, Mr. Ali Aoun, made a working visit to the Belara Iron and Steel Company (Algerian Qatari Steel ), accompanied by the Governor of Jijel State, the President of the State People’s Assembly, and the President and General Manager of the CEDAR Complex. First, after His Excellency the Minister of Industry listened …

The Minister of Industry and Pharmaceutical Production visits the Algerian Qatari Steel Read More »

Bahrain : Sulb reports strong production performance in 2023

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Steel producer Sulb has achieved significant production milestones in 2023, with notable increases across its operations, the company said in a statement. The company’s melt shop reached a production of 1.265 mln tons. while the direct reduction plant hit 1.619 mln tons, and the heavy section mill achieved 653,000 tons. Additionally, Saudi Sulb marked a …

Bahrain : Sulb reports strong production performance in 2023 Read More »

Bahrain Steel signs an agreement to finance a $450 million sustainability loan to reduce carbon

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Bahrain Steel Company, the world leader in the production and supply of high-quality iron pellets, announced the signing of a seven-year joint sustainable financing contract worth $450 million. This important financing confirms the company’s firm commitment to environmental, social and corporate governance principles, in addition to the banking alliance’s commitment to their clients to consolidate …

Bahrain Steel signs an agreement to finance a $450 million sustainability loan to reduce carbon Read More »

Sider El-Hadjar : Production units begin their activities after restarting the blast furnace

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The production units of Sider El-Hadjar complex in Annaba have begun their activities. This is after the process of restarting the blast furnace, according to what was reported today, Wednesday, in a statement by the “Imetal Group”. Imetal Group explained in its statement that “actual production has begun” for Sider El-Hadjar complex, which is affiliated …

Sider El-Hadjar : Production units begin their activities after restarting the blast furnace Read More »

Iraq awards contracts for the construction of a new residential city worth $2 billion

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Iraq laid the foundation stone for the construction of a new residential city project on the borders of Baghdad, with a budget of $2 billion. Two Chinese companies began construction of 30,000 housing units. The project comes within a plan to build five cities throughout Iraq. Contracts for four more cities are expected to be …

Iraq awards contracts for the construction of a new residential city worth $2 billion Read More »

Arab Iron and Steel Union holds a meeting of the Economic Committee in Algeria

AISU, News / By

The Arab Iron and Steel Union is scheduled to hold the eighth meeting of the Union’s Economic Committee during the period from 4 to 5 March next in the city of Algiers, the Republic of Algeria, at the kind invitation of the Imetal Group. The committee holds its meetings periodically to study the conditions of …

Arab Iron and Steel Union holds a meeting of the Economic Committee in Algeria Read More »

Yamama Steel’s losses increased to 130.1 million riyals by the end of the year ending in September 2023

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The losses of Al-Yamamah Steel Industries Company – Al-Yamama Steel -, which works in the manufacture of metal products to serve the construction, electricity and communications sectors, rose to 130.1 million riyals by the end of the year ending in September 2023, compared to losses of 26.7 million riyals achieved during the same period in …

Yamama Steel’s losses increased to 130.1 million riyals by the end of the year ending in September 2023 Read More »

Arab Iron and Steel Union participates in the meeting of the 116th regular session of the Council of Arab Economic Unity

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The meeting of the 116th regular session of the Council of Arab Economic Unity was held today at the ministerial level, with the participation of a number of representatives of Arab countries, the presence of representatives of specialized Arab federations, and the participation of the Arab Iron and Steel Union. Ambassador Mohammadi Ahmed El-Ni, Secretary-General …

Arab Iron and Steel Union participates in the meeting of the 116th regular session of the Council of Arab Economic Unity Read More »

Egypt’s import of raw materials of iron, steel and iron ore decreased by 25.5% in January-September 2023

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Foreign trade data showed that Egypt’s imports of raw materials of iron, steel, iron ore and their concentrates in January-September 2023 amounted to $4.163 billion, a decline of 25.5% compared to the same period in 2022, which amounted to $5.589 billion. The value of Egypt’s imports of iron or steel raw materials declined to reach …

Egypt’s import of raw materials of iron, steel and iron ore decreased by 25.5% in January-September 2023 Read More »

A shareholder reduces his stake in Ezz Steel’s capital by 374.84 million pounds

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Mubasher Securities and Bonds Trading Company said that shareholder Jamal Abdul Qader Abdul Basir reduced his stake in the capital of Ezz Steel Company from 5.85% to 4.99%. The company explained in a statement today, Thursday, that Gamal Abdel Qader sold 4.67 million shares of Ezz Steel, with a total value of the deal amounting …

A shareholder reduces his stake in Ezz Steel’s capital by 374.84 million pounds Read More »

Egypt signs a huge agreement with a Saudi company worth $4 billion

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Egyptian bodies signed an agreement with the Saudi company “CoPower” to develop a green hydrogen project, with investments exceeding $4 billion, in the Suez Canal Economic Zone. The signing was made between the Sovereign Fund of Egypt, the Suez Canal Economic Authority, the Egyptian Electricity Transmission Company, the New and Renewable Energy Development and Utilization …

Egypt signs a huge agreement with a Saudi company worth $4 billion Read More »

Condolences on the death of the Emir of the State of Kuwait, Sheikh Nawaf Al-Jaber Al-Sabah

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Condolence In the name of God, the most gracious, the most merciful His Excellency Mr. Awaad Al-Khalidi Chairman of Kuwait Steel Company Chairman of the Board of Directors of the Arab Iron and Steel Union It is with great sadness and sadness that we received the news of the death of the late His Excellency …

Condolences on the death of the Emir of the State of Kuwait, Sheikh Nawaf Al-Jaber Al-Sabah Read More »

Egypt: 28.3 million pounds in iron and steel sales to mines in October

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The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last October amounting to 28.29 million pounds. The company explained, in a statement to the Egyptian Stock Exchange, that sales of Bahariya Oasis mines in September amounted to 28.23 million pounds. She added that the sales value of the …

Egypt: 28.3 million pounds in iron and steel sales to mines in October Read More »

Egypt: Continuing the export duty on scrap steel and raising it to 6,000 pounds per ton

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Engineer Ahmed Samir, Minister of Trade and Industry, decided to continue implementing Ministerial Resolution No. 605 of 2022 regarding imposing an export duty on a type of scrap and waste from stainless steel alloys, customs item (7204.21). The second article of the decision stipulated amending the export fee imposed in the previous decision, to be …

Egypt: Continuing the export duty on scrap steel and raising it to 6,000 pounds per ton Read More »

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