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Arab countries

Algerian Qatari Steel targets exports of more than $300 million in 2023

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The Complex of the Algerian Qatari Steel Company (AQS) in Bellara, Jijel Province, aims to exceed $300 million in exports in 2023 against $160 million in 2022. In the first quarter of this year, the Company exported about $200 million. The Company Director of communications and public relations, Mouloud Louâil, explained in statements to the …

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UAE: Vale signs a memorandum of understanding to establish a low-carbon iron production complex in Abu Dhabi

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The Abu Dhabi Ports Group announced the conclusion of a memorandum of understanding with Vale, the world’s largest producer of iron ore and one of the largest logistics service providers in Brazil, under which a massive industrial complex will be established in Abu Dhabi, producing low-carbon materials for the iron and steel sector that will …

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Oman: Vale signs an agreement to establish an integrated green steel industrial complex in Duqm

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Vale Company signed a land reservation agreement with the Port of Duqm Company to establish an integrated green iron industrial complex in the Special Economic Zone at Duqm on an area of 6.78 km. It will include three plants described in ore concentration, green briquetting, and reduced iron. Vale also signed a memorandum of understanding …

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The conclusion of the work of the Board of Directors and the General Assembly of ِAISU

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The Arab Iron and Steel Union held the meetings of the Board of Directors No. 126 and the General Assembly No. 56 in Dubai, United Arab Emirates, at the Intercontinental Dubai Festival Hotel, on the 14th and 15th of May, at the kind invitation of the Emirates Steel Arkan Company, in the presence of representatives …

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AISU is training a group of engineers and technicians of Sulb Bahrain Company in steel sectors

AISU, News / By

Within the framework of the goals 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. Calculation of roller lanes The training course deals with the following topics: Reheating ovens and their defects and how …

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Qatar Steel develops the SwingDoorTM electric oven in cooperation with INTECO PTI

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PTI has received an order from Qatar Steel to supply SwingDoorTM equipment for the development of the company’s electric furnace. The new SwingDoorTM technology will help improve slag foam control by keeping the slag door closed for almost the entire heating period. And the slag door will only be opened for annealing temperature sampling and …

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Gulf meeting discusses free trade agreements with international blocs

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Trade ministers of the Gulf Cooperation Council state, during their 64th meeting held today in Muscat, Sultanate of Oman, will discuss several topics on the agenda. Most notably, the developments in the negotiations of free trade agreements with countries and international blocs, discussing the challenges of intra-trade between the GCC countries, the work of the …

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Emirates Steel Arkan doubled its profits during the first quarter of 2023

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Emirates Steel Arkan announced growth in its revenues and profits during the first quarter of 2023. Net profit amounted to 152.2 million dirhams, compared to 72.6 million dirhams for the same period in 2022, an increase of 110%. Several factors contributed to achieving the upbeat performance for the first quarter of 2023, including the increase …

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Morocco’s steel production rose by 26% in 2022

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Steel sector in Morocco managed to achieve strong results last year despite many challenges and the unfavourable global geopolitical situation due to the Russian-Ukrainian war, large fluctuations in prices and supply chains interruption. Steel industry benefited from the commercial activity recovery after controlling the Coronavirus pandemic and the increase in demand as of huge investments …

Morocco’s steel production rose by 26% in 2022 Read More »

Algeria tops the countries exporting rebar steel to the United States in March

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According to preliminary statistics data issued by the US Department of Commerce, the total US rebar steel imports amounted to 76,844 tonnes in March 2023, a decrease of 38.8 per cent from February and a decrease of 47.8 per cent from March 2022 levels. By value, total rebar imports amounted to $53.6 million in March …

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Establishing the first integrated steel plate manufacturing complex with a capacity of 1.5 million tonnes in Saudi Arabia

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Saudi Arabia is heading to establish the most substantial integrated steel plate manufacturing Complex in Saudi Arabia, after Saudi Aramco, the global company in the field of energy and chemicals, and Baoshan Iron and Steel Co., Ltd. (Baosteel), the Chinese steel conglomerate, and the Public Investment Fund, announced Signing a shareholder agreement to implement the …

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Egypt: 33.1 million EGP of iron and steel sales to mines during March

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Iron and Steel Company for Mines and Quarries announced that it achieved total sales during March, amounting to 33.14 million EGP. In a statement to the Egyptian Stock Exchange today, the Company stated that Bahariya Oasis mines sales in March amounted to 33.1 million EGP. The Company added that Bani Khaled-Samalot quarries’ sales value amounted …

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Emirates Steel Arkan: We have not reached any agreement regarding any potential acquisition

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Emirates Steel Arkan said it had not reached any agreement regarding any possible acquisition deal in response to press reports that circulated during the past 48 hours. It stated that the discussions related to the acquisition deal mentioned in the media are still in very early stages, stressing that it will announce any material information …

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Emirates Steel Arkan is considering buying a stake in ThyssenKrupp Steel

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Bloomberg news agency reported that Emirates Arkan Steel Company is studying the possibility of investing in ThyssenKrupp Steel Works and may make a formal offer in the coming months. The agency quoted sources familiar with the matter as saying that one of the options offered is the acquisition of a minority stake in ThyssenKrupp Steel …

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An Emirati-Chinese understanding to achieve climate qualitative progress during COP 28

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Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and President-designate of the «COP28», concluded a two-day visit to the People’s Republic of China. H.E. held a series of meetings with Ding Xuexiang, the First vice Premier of the People’s Republic of China. Zhao Chenxin, Vice Chairman of the National Development and …

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Egypt: Iron and steel mines target 145 million EGP in profits during 2023/2024

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The Ordinary General Assembly of the Iron and Steel Company for Mines and Quarries affiliated to the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector, announced the approval of its estimated budget for the next fiscal year 2023-2024. The Iron and Steel Company for Mines and Quarries …

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