Ezz Steel Group announced the flat steel prices for July, unchanged for the Fifth month in a row, at 34,485 EGP per tonne, EXW, including value-added tax. Statement including VAT Flat Steel 34,485
In Tindouf, a partnership agreement was signed between the National Iron and Steel Company (FERAL) and the Chinese consortium “CMH” related to the exploitation of iron ores in the Ghar Jbeilat-Gharb mine and the valuation of its production by establishing a factory for the production of steel tiles in Bechar. This agreement was signed by …
Signing a partnership agreement between FERAL and the Chinese consortium CMH Read More »
Arab Iron and Steel Union (AISU) will hold its annual Summit “16th Arab Steel Summit” on October 2023 in Cairo – Egypt, which acquires special importance to what the Steel Arab Industry witnesses as changes in the light of perturbation that encounter the steel markets in different regions in the world. Conjunction with the work of …
Rebar steel prices in the local market in the UAE declined by 11% to reach 2450 dirhams per ton in June, compared to the same period in 2022, which was approximately 2750 dirhams per ton, while prices recorded a slight increase by 3% compared to the beginning of the year, which amounted to 2380 dirhams …
Rebar steel prices in the UAE fell 11% in June to 2450 dirhams Read More »
According to daily iron prices follow-up in Egypt, the rebar prices ranged between EGP 32,050– 38,000, EXW. Most steel companies fixed their prices compared to last week. As the following steel companies announced their prices without changing their prices. Ezz Steel EGP 32,135, Suez Steel EGP 32,050, Beshay Steel EGP 38,000, El Marakby Steel EGP …
The latest rebar prices update in Egypt is June 27, 2023 Read More »
The Emirates Steel Arkan Group announced the adoption of a new operating model based on the establishment of two separate business units, the Emirates Steel unit and the building materials unit, with the aim of benefiting from the common strengths of the steel and building materials business. Each business unit will have a Chief Executive …
Emirates Steel Arkan establishes two business management units Read More »
Mr Walid Gamal El-Din, Head of the Economic Zone of the Suez Canal, and his accompanying delegation of members of the Economic Authority and a delegation of industrial developers of Sokhna and East Port Said met officials of Indian companies operating in the renewable energy and the manufacture of electric bicycles fields. Where the delegation …
Talks between Egypt and India to establish green fuel projects in the Suez Canal area Read More »
MEED magazine reported that the Al-Oula Steel Manufacturing Company has started operating a new facility for the production of rebar with a production capacity of 250,000 tonnes of rebar annually, according to sources in the industry, who revealed that the operation began last month after three years of development at a total cost of 6 …
A new line for the production of rebar in Kuwait at a cost of 6 million dinars Read More »
ENGIE, a provider of low-carbon energy service solutions, and POSCO, the largest steel maker in South Korea, announced their role in an alliance aimed at promoting renewable energy resources in Oman by developing a green ammonia project with a capacity of 1.2 million metric tons. Other partners in the alliance include Samsung Engineering, Korea East-West …
Emirates Council for Balanced Development signed a cooperation agreement with Emirates Arkan Steel Group in the presence of Suhail Al Mazrouei, Minister of Energy and Infrastructure, Emirates Council for Balanced Development member. The agreement comes within the active contribution framework to supporting the “Emirates Villages” project, which aims to develop Emirati villages at the developmental …
Egypt’s rebar production from January to April of this year amounted to 2.216 million tonnes, a decline of 25% compared to the same period last year when it produced 2.955 million tonnes, affected by the unavailability of raw materials. Egypt’s rebar sales from January to April 2023 amounted to about 1.766 million tonnes, declining by …
According to the daily follow-up of iron prices in Egypt, rebar prices ranged between EGP 32,050 – 38,000, ex-factory. The prices varied compared to last week. As Ezz Steel Company fixed their prices at EGP 32,135, Suez Steel at EGP 32,050, Beshay Steel at EGP 38,000, El Marakby Steel at EGP 37,500, and Egyptian Steel …
The latest rebar prices update in Egypt is June 19, 2023 Read More »
The US Department of Commerce (DOC) has announced the results of its administrative review of anti-dumping (AD) duties on welded quality round carbon steel pipe from the Sultanate of Oman for the periods December 1, 2019, through November 30, 2020, and December 1, 2020, through November 30, 2021. Accordingly, the Ministry decided that Oman’s steel …
According to the General Authority for Statistics, the average price of a tonne of rebar in the Kingdom of Saudi Arabia in May 2023 ranged between 2754.97 -4099.14 Saudi riyals, a decrease between -1.19% and -4.15% compared to April 2023, and a decrease between -14.84% and -35.27% compared to May 2022. Average prices and monthly …
Rebar prices decreased in the Kingdom of Saudi Arabia in May 2023 Read More »
Algeria’s exports of building materials last year amounted to 12.18 million tonnes, at about a value of $1.3 billion, compared to $567 million in 2021, an increase of 56% compared to 2021. Building materials represented “Algeria’s most important non-hydrocarbon exports” during the past two years, as their share of total non-hydrocarbon exports amounted to 15% …
Algeria’s exports of building materials increased by 56% in 2022 Read More »
The Kizad Group (Khalifa Economic Zones Abu Dhabi), as the integrated centre for economic and industrial businesses in Abu Dhabi, has entered into a land lease agreement with the Spanish Tupacex Group to establish the first factory of its kind in the Middle East specialized in the development of OCTG CRA stainless steel pipe solutions. …
Within the framework of its strategy to enhance sustainability, Jindal Shadeed Iron and Steel – the largest producer of iron and steel in the private sector in the Gulf Cooperation Council countries – participated in a series of pioneering initiatives aimed at reducing carbon dioxide emissions resulting from its activities. As these initiatives embody Jindal …
According to the daily follow-up of rebar prices in Egypt, rebar steel prices ranged between 32,050 EGP – 38,760 EGP, EXW, as some companies fixed their rebar prices, while some raised them compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP, Beshay Steel 38,000 EGP, El Marakby Steel 37,500 …
The latest rebar prices update in Egypt is June 12, 2023 Read More »
The extraordinary general assembly of Yamamah Steel Industries Company (Al Yamamah Steel) approved, during its meeting yesterday, Wednesday, to transfer an amount of 60 million riyals from the statutory reserve account as of March 31, 2023, to the retained earnings account. The company added, according to a statement it made today, Thursday, on “Saudi Tadawul”, …
The General Assembly of Watani Steel Company for Iron and Steel, listed in the parallel market, approved the recommendation of the Board of Directors to increase the company’s capital by 50% by granting bonus shares to shareholders by granting one share for every two shares owned, as shown in the following table: Current capital 121.10 …
The Arab Iron and Steel Union participated in the AIST MENA Iron and Steel Technology Conference, organized by the AIST MENA Iron and Steel Technology Association from 6-7 June 2023. The Union also participated as the only Arab media partner, believing in its societal role in supporting the iron and steel industry in all fields. …
Abu Dhabi Future Energy Company “Masdar” and its consortium of partners, including “Infinity Power”, the largest renewable energy company in Africa, “Hassan Allam Utilities”, specializes in sustainable infrastructure investments, announced the signing of an agreement with the “New and Renewable Energy Authority” in Egypt. The aim is to provide a plot of land designated for …
An agreement between Egypt and the UAE to establish a wind energy project at $10 billion Read More »
According to the daily follow-up of rebar prices in Egypt, rebar steel prices ranged between 32,050 EGP – 38,760 EGP, EXW, as some companies fixed their rebar prices, while some reduced them compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP, Beshay Steel 38,000 EGP, El Marakby Steel 37,500 …
The latest rebar prices update in Egypt is June 05, 2023 Read More »
Jordan Steel Company announced the rebar steel prices for June for the 60-gauge steel on EXW, between 430 and 450 dinars per tonne without sales tax and between 500 and about 520 dinars per tonne with tax Grade Price without tax Price with tax Sales / tonnes Sales / tonnes Min Max Min Max …
Jordan Steel announces rebar prices for June 2023 Read More »
Ali Ahmadi, Executive Director of the Qatar Steel Industries Factory, said that the factory has succeeded in strengthening its presence in the Qatari market with the support of its distinguished products, advanced technology, sources of high-quality raw materials, maintaining the best services to customers and strengthening the strong distribution network. Ahmadi revealed that the factory …
Qatar Steel Industries Factory strengthens its presence locally Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in April, amounting to 30.11 million pounds. The company stated, in a statement to the Egyptian Stock Exchange, today, that the sales of Bahariya Oasis mines in March amounted to 30.07 million pounds. The company added that the sales value …
Egypt: 30.1 million pounds of iron and steel sales to mines in April Read More »
The Emirates Arkan Steel Group signed a memorandum of understanding with the Department of Economic Development in Abu Dhabi and the Japanese Company Itochu Corporation to conduct the necessary studies to establish an integrated Complex for low-carbon iron production in Abu Dhabi. The new Complex, which Emirates Steel Arkan intends to develop in partnership with …
UAE: Establishment of a low-emission iron production complex in Abu Dhabi Read More »
Within the framework of the objectives of the Arab Iron and Steel Union, interest in human development and raising the administrative, organizational and technological skills of engineers and technicians in the field of iron and steel, AISU trained a group of engineers and technicians at Sulb Company , in “Direct Reduction Technology” training program the …
According to the daily follow-up of rebar prices in Egypt, rebar steel prices ranged between 32,050 EGP – 39,500 EGP, EXW, as some companies fixed their rebar prices, while some reduced them compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP, Beshay Steel 38,000 EGP, El Marakby Steel 37,500 …
The latest rebar prices update in Egypt is May 30, 2023 Read More »
The Investment Forum in Special Economic Zones announced new investments of more than 27 billion riyals in partnership with the Saudi program to attract regional headquarters for international companies. From his side, Mohammed Al-Jadaan, Minister of Finance, revealed the provision of various tax incentives for investors in the economic zones and work on tax cuts …