Jordan Steel Company announced rebar prices for November, unchanged from the prices of October, the prices for Grade 60 EXW, between 432 and 440 dinars per tonne, excluding sales tax. However, with sales tax, it is between 515 and about 525 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes …
The company explained in a statement to the Egyptian Stock Exchange that sales of Bahariya Oasis mines during September amounted to 15.69 million pounds. She added that the sales value of the Bani Khaled-Samalut quarries recorded about 32.43 thousand pounds. It is noteworthy that iron and steel for mines and quarries achieved 127.81 million pounds …
Egypt: 15.7 million pounds in iron and steel sales to mines in September Read More »
Dr. Sultan bin Ahmed Al Jaber stressed that the UAE’s hosting of this conference, which will be the largest international conference hosted by the country, and the most important global conference focused on addressing the repercussions of climate change, is a source of pride and pride for all citizens and residents, and a historical milestone …
Sultan Al Jaber: 160 heads of state and government participate in “COP28” Read More »
Today, November 9, 2023, the inauguration ceremony of Mr. Boulaioune Karim as President General Manager of Sider El Hadgar Complex was held by Mr. Baburi Djamal, President and General Manager of Imetal Group, and Mr. Sedrati Lamin, President and General Manager of Sider Group, in the presence of some of the General Managers of Imetal …
Appointment of Boulaioune Karim as President General Manager of ٍSider El Hadgar Complex Read More »
According to iron prices daily monitoring in Egypt, rebar prices ranged between EGP 34,000 – and EGP 31,500 EXW. The companies that did not change prices are Ezz Steel EGP 32,135. Suez Steel, EGP 32,050, El-Marakby Steel, EGP 32,000 and El-Garhy Steel, EGP 31,500. The companies that raised prices are Beshay Steel, EGP 39,900, Egyptian …
The latest update on rebar prices in Egypt is November 08, 2023 Read More »
Saudi Pipe Company won contracts to supply steel pipes for oil and gas to Tenares Global Service in Uruguay, worth 105 million Saudi riyals. The company said in a statement to Tadawul Saudi Arabia, today, Wednesday, that the contracts were awarded and signed on November 8 for a period of 8 months. The financial impact …
The Central Agency for Public Tenders authorized the General Authority for Roads and Land Transport to complete bids for the detailed study and design project agreement, and to prepare documents for the first-stage railway tender, after the Authority opened the 9 bids submitted for the tender. Authority sources pointed out that completing the agreement’s bids …
Ezz Steel Group announced the flat steel prices for November, unchanged for the seventh month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485
The Saudi Basic Industries Corporation (SABIC), one of the largest petrochemical companies in the world, announced on Thursday that it had recorded a decline of about 17 percent in third-quarter revenues and a net loss. SABIC said in a disclosure that it recorded a net loss of 2.88 billion riyals ($768 million) during the three …
Saudi Arabia: “Hadeed” allocations cost “SABIC” 2.88 billion riyals Read More »
Saeed Ghumran Al Rumaithi, CEO of Emirates Steel Arkan, stressed the company’s strong financial solvency, noting that the volume of its cash liquidity amounts to about 300 million dirhams. Al Rumaithi revealed, in a statement to CNBC, that the company had written off about 61% of its debt portfolio, bringing it down to about 420 …
CEO of Emirates Steel Arkan: 300 million dirhams, the size of the company’s cash flow Read More »
Mahmoud Esmat, Minister of the Public Business Sector, discussed with Cheng Chuite, Chairman of the Board of Directors of the Chinese Shengli Group of Companies, and the delegation accompanying him, aspects of cooperation and ways of partnership to continue the Delta Steel Company development project, increase operation, reach production to maximum capacity, and add new …
The 16th Arab Steel Summit was held last Sunday in the Arab Republic of Egypt, which was organized by the Arab Iron and Steel Union in cooperation with Ezz Steel, under the patronage of His Excellency the Minister of Trade and Industry, Eng. Ahmed Samir. It is the largest and most important event for steel …
On the third day of the 16th Arab Steel Summit activities, Ezz Steel Company organized a visit to Ezz Steel Company in Ain Al-Hajah, where they listened to a comprehensive explanation of the production process from the stage of reducing iron ore in direct reduction factories and converting it into high-purity iron, as well as …
16th Arab Steel Summit: A visit to Ezz Steel Company in Ain Sokhna Read More »
The Libyan Iron and Steel Company announced the production of 102,223 tons of reduced iron (DRI) pellets during last October for the first and second units of the General Administration of Direct Reduction factories, with an increase rate of 123.78%, a number that has not been achieved for 12 years. The company also recorded a …
Libyan Iron and Steel Company achieves record numbers in the production of DRI and HBI Read More »
On November 1, the Libyan Iron and Steel Company announced a reduction in the prices of some products in implementation of the Vice Chairman of the Board of Directors’ Decision No. 29/2023. Product type and size Current price is D.L./ton Wholesaling Retail ٌRebar produced by factory produced (2), diameter (10) mm 3200 3220 Rebar …
Libyan Iron and Steel Company announces a discount on some products, November 1, 2023 Read More »
CEO of Riyadh Steel Company, Ahmed bin Abdulkarim Al-Nafi, said that the company has a plan to establish a new factory near the city of Riyadh, which will allow it to expand and diversify the types of products offered to customers. In an interview with Arqaam, Al-Nafi pointed out that regional iron consumption is expected …
On the sidelines of the 16th Arab Steel Summit Conference, the 127th meeting of the Board of Directors of the Arab Iron and Steel Union was held on October 29th. The meeting was chaired by Mr. Awad Al-Khalidi, Chairman of the Board of Directors of the Arab Iron and Steel Union, who began his speech …
Arab Iron and Steel Union holds its 127th Board of Directors meeting in Cairo Read More »
The first meeting of the Technical Committee of the Arab Iron and Steel Union was held today at the Royal Maxim Palace Kempinski Hotel in Cairo – Arab Republic of Egypt. It is a procedural meeting where the internal law of the Technical Committee was approved and Dr. Othman Al-Malaki, Executive Director of the Technology …
According to Ezz Steel Company’s report to the Egyptian Stock Exchange, local consumption of rebar decreased by 28% during the first half of 2023, reaching 2.8 million tons as a result of the economic crisis and price inflation. Actual production (reinforcing steel – wire rod) also decreased by 20%, reaching 3.567 million tons, and rebar …
According to iron prices daily monitoring in Egypt, rebar prices ranged between EGP 34,000 – and EGP 31,800 EXW. The companies that did not change prices are Ezz Steel EGP 32,135. Suez Steel, EGP 32,050, Beshay Steel, EGP 34,000, Egyptian Steel, EGP 32,050, and El-Garhy Steel, EGP 31,500. The companies that raised prices are El-Marakby …
The latest update on rebar prices in Egypt is October 18, 2023 Read More »
The profits of Al-Jazeera Steel Company, which operates in the iron pipe industry, rose to 2.41 million Omani riyals (19 baisa/share) by the end of the first nine months of 2023, compared to profits of 2.18 million riyals achieved in the same period in 2022, as the following table shows: Income List Period September 2022 …
Al Jazeera Steel’s profits increased by 11% during January – September 2023 Read More »
Oman and Etihad Rail Company, the developer and operator of the railway network linking the Sultanate of Oman and the UAE, signed a memorandum of understanding with Emirates Steel Arkan , the largest iron and building materials Production Company in the UAE, to export raw materials from the Sultanate of Oman to the UAE. Under …
An agreement between Oman, Etihad Rail and Emirates Steel Arkan to transport limestone Read More »
During the first half of this year, the consolidated financial statements of Ezz Steel showed the company’s shift from profitability to losses on an annual basis. The company explained in a statement to the Egyptian Stock Exchange today that it recorded net losses amounting to 809.77 million pounds during the period from January until the …
Ezz Steel turns to losses and incurs 809.8 million pounds in H1 2023 Read More »
The Egyptian Iron and Steel Company “under liquidation” announced that the liquidation surplus during the first half of this year amounted to EGP 1.148 billion. The Egyptian Iron and Steel Company said that the total liquidation revenues from January until the end of June 2023 amounted to about EGP 1.503 billion. The Egyptian Iron and …
Emirates Steel Arkan , one of the largest publicly traded steel and building materials manufacturers in the region, announced that it has become a member of “ResponsibleSteel” under the business category. ResponsibleSteel is a global not-for-profit multistakeholder standard and certification initiative that serves as a driving force in the socially and environmentally responsible production of …
Emirates Steel Arkan becomes member of multi-stakeholder ‘ResponsibleSteel’ organization Read More »
Today, President Abdel Fattah El-Sisi received Mr Gianpietro Benedetti, Chairman of the Board of Directors of the Italian company “Danieli”, in the presence of Prime Minister, Dr Mostafa Madbouly, Dr Hala El-Said, Minister of Planning and Economic Development, Engineer Mahmoud Esmat, Minister of the Public Business Sector. In addition to Major General Mokhtar Abdel Latif, …
Jordan Steel Company announced rebar prices for October for 60 EXW, between 432 and 440 dinars per tonne, excluding sales tax. However, with sales tax, it is between 515 and about 525 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes Sales / tonnes Min Max Min Max 60 432 …
Jordan Steel announces rebar prices for October 2023 Read More »
After a hiatus that lasted for quite a while, the Libyan Iron and Steel Company announced a production exceeding 1,000 tons per day of hot-rolled coils of various sizes (thickness 2-3-4 mm, and width 1 meter – 1.25 meters – 1.50 meters) after the company-resumed production in its factories. The General Administration of Flat Rolling …
The Ministry of Economy of the United Arab Emirates decided to maintain restrictions on the country’s steel scrap exports for an additional three months. On May 15 this year, the country banned steel scrap export for four months, and the ban on scrap export has now been extended until the end of December to support …
UAE extended the ban on exporting steel scrap until the end of the year Read More »
Industries Qatar, one of the largest industrial companies in the region with multiple activities in a wide range production of petrochemicals, chemical fertilizers, and iron and steel products, announced the completion of all shares acquisition of Qatar Rebar Production Company by its subsidiary, Qatar Steel. The total amount of 346 million Qatari riyals, excludes cash …