Arab countries

Algeria mines : Several transformational units will enter into service “soon”

The General Manager of the “Algeria Mines” Complex, Mohamed Sakhr Harami, said in Algiers, that the Complex has begun the completion of several transformational units within the framework of the strategy for mineral materials valuation, some of which will enter into service in the coming days. Mr Harami explained, upon his appearance as a guest …

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The last update of rebar prices in Egypt is April 18, 2023

According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 32,050 EGP – 38,760 EGP , the factory land was delivered, as some companies fixed their prices and others raised their prices compared to last week. The prices of Ezz Steel amounted to 32,135 EGP , Suez Steel 32,050 …

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Rebar prices decreased in the Kingdom of Saudi Arabia in March 2023

According to the General Authority for Statistics, rebar steel average prices a tonne in the Kingdom of Saudi Arabia in March 2023 ranged between 2900.96 – 4147.23 Saudi riyals, with a decrease between -0.36% – 1.46% compared to February 2023 and a decrease between -5.82% – 22.42% compared to March 2022. Average prices and the …

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Iraq: General Company for Iron and Steel announces the installation work commencement of the steel plant equipment

The General Company for Iron and Steel, one of the Ministry of Industry and Minerals formations in Basra Governorate in Iraq, announced the commencement of the installation work for the steel plant equipment and its engineering services. Abbas Hayal, the Company general manager, said in a statement that the Company has begun the process of …

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Egypt: The Minister of Business Sector witnesses the signing of a memorandum of understanding for the development of El-Nasr Pipes Company

Engineer Mahmoud Esmat, Minister of Public Enterprise Sector, confirmed in a statement today that the ministry is seeking partnership with the private sector within the framework of the state ownership policy document, and that there is a clear investment map for projects and sectors, explaining that there is a directive to open the field and …

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IMF forecasts for the economies of Arab countries for the year 2023

The International Monetary Fund has slightly lowered its global growth forecast for 2023 as the pace of interest rate hikes slows, but warned that severe financial system disruptions could drive output to near-stagnation levels. The fund stated in its latest report on global economic prospects that the risks of spreading infection in the banking system …

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UAE is collaborating with Australia to promote decarbonisation research

Emirates Global Aluminum announced its collaboration with Australia’s HILT CRC to advance research in the alumina refining process decarbonisation. Australia’s HILT CRC is a collaborative research centre that brings together industry, researchers, and government to deliver technological innovations for the decarbonisation of steel, iron, alumina, and cement industries. Australia is the world’s second-largest alumina producer …

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Oman and Japan cooperate to establish a direct reduced iron plant with a production capacity of 5 million tonnes

The Public Authority for Special Economic Zones and Free Zones signed a memorandum of understanding with the Japanese companies -Kobe Steel- and -Mitsui and Partners Ltd to establish a reduced iron plant in the Special Economic Zone at Duqm with a production capacity estimated at 5 million tonnes of reduced iron annually. Likewise, the two …

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The last update of rebar prices in Egypt is April 10, 2023

According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 32,050 EGP – 38,500 EGP, as some companies fixed their prices and some raised their prices compared to last week. The prices of Ezz Steel amounted to 32,135 EGP , Suez Steel 32,050 EGP, Beshay Steel 38,500 EGP , …

The last update of rebar prices in Egypt is April 10, 2023 Read More »

Egypt’s Steel consumption increases in 2022

During 2022, Egypt’s rebar steel consumption increased to 7.895 million tonnes, compared to a consumption volume of 7.344 million tonnes in 2021, with a growth rate of 8%, as a result of the increase in consumption directed to private construction. However, high inflation rates began to limit this. The consumption rate in the fourth quarter …

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Rebar steel prices increased in the UAE in April

Although the rebar market typically slows down during the month of Ramadan, prices in the UAE are on the rise due to the high demand. As “Emirates Steel – Arkan” the group announced rebar steel prices for its authorized distributors in the local market for April at 2,669 dirhams per tonne ($727 per tonne) CPT …

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Rebar prices stability in Bahrain for April

Universal Rolling Company, the only rebar steel company in Bahrain, announced rebar steel prices for April at 255-257 Bahraini dinars/t ($ 676-681/t), EXW for all sizes, unchanged from its last level. Prices are adjusted based on the billet prices trend. The Company’s rebar production capacity is 275,000 tonnes per year, with sizes ranging from 8 …

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Ezz Steel profits rise 23% to EGP 6.6 billion in 2022

During the past year, the consolidated financial statements of Ezz Steel Company showed an increase in the company’s profits by 23.19% on an annual basis. In a statement to the Egyptian Stock Exchange, the company stated that it achieved profits amounting to 6.64 billion pounds during 2022, compared to profits amounting to 5.39 billion pounds …

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Saudi Arabia: 80 new factories were licensed in February, with investments of 4.3 billion riyals, led by the minerals sector

The Ministry of Industry and Mineral Resources issued 85 industrial licenses last February, while 80 factories started production operations during the same period, with investments of 4.3 billion riyals. The ministry stated that the investment volume in new licenses amounted to 1.9 billion riyals. Small enterprises acquired most of them by 85.88 per cent, followed …

Saudi Arabia: 80 new factories were licensed in February, with investments of 4.3 billion riyals, led by the minerals sector Read More »

Algeria: The iron and metal conversion plant enters the production phase in Temacine Algeria

Touggourt – A new iron and metal conversion plant has entered the practical production stage in the municipality of Temacine, in the province of Touggourt, with a production capacity of 200,000 tonnes annually of various ferrous materials, after taking advantage of the measures to remove obstacles that were approved for investment projects, according to officials …

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UAE: Extending customs duties on rebar until October 2025

Dubai Customs decided to extend the work to raise the customs duties imposed on rebar and wire rod from 5 to 10% until October 12, 2025. This comes after the department issued a similar decision, dating back to January 20, 2023, extending the increase in customs duties on rebar and wire rod until November 7, …

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Iraq: State Company for Iron and Steel and Ibn Majid sign a steel plant equipment installation contract

State Company for Iron and Steel and Ibn Majid General Company signed a steel plant equipment installation contract in the company. The Director General of State Company for Iron and Steel , Abbas Hayal, explained to the National Iraqi News Agency, based on the Prime Minister’s directives, Eng. Mohammed Shia Al-Sudani. And within the plan …

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The 126th Board of Directors meeting and the 56th General Assembly of the Arab Iron and Steel Union

It has been arranged to hold the Board of Directors meeting at its 126th regular session and the General Assembly at its 56th session of the Arab Iron and Steel Union in Dubai / United Arab Emirates from 14 to 15 May 2023. The meetings will be held at the InterContinental Dubai Festival City Hotel …

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UAE: Steel prices decreased by 19%, cement prices increased by 15% and concrete by 10% during 2022

According to Dubai Statistics Center data, cement prices in the UAE recorded a growth rate ranging between 7.7% and 15% during 2022. Ready-mix concrete prices rose by about 9.8%, and rebar steel declined by 19%. Salt-resistant cement increased by 7.7%, from 14.53 dirhams per bag of 50 kg to 15.66 dirhams, while the price of …

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Higher education: A cooperation protocol between the Central Metallurgical Research and Development Institute to support the use of local steel alloys and a private company belonging to the Holding Company for Chemical Industries

The Ministry of Higher Education announced that the Central Metallurgical Research and Development Institute, under the auspices of Dr Ayman Ashour, Minister of Higher Education, and Scientific Research, signed a protocol for cooperation with a private company affiliated with the Holding Company for Chemical Industries to provide scientific and technical consultations and train cadres in …

Higher education: A cooperation protocol between the Central Metallurgical Research and Development Institute to support the use of local steel alloys and a private company belonging to the Holding Company for Chemical Industries Read More »

Egypt extends the ban on exporting iron scrap until April 2024

Dr Ahmed Samir Saleh, Minister of Trade and Industry, issued a decision to renew the ministry’s decision banning the export of some types of scrap, raw materials, and dashed paper, which bore No. 190 of 2022, which was issued on October 1, 2022, for six months, and ends next April. With this decision, the aforementioned …

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UAE extends the ban on exporting iron scrap until September 2023

The UAE continues to enact policies to protect the national industry by extending the restrictions on exporting scrap for another six months. The Ministry of Economy issued a directive continuing to ban the export of raw materials, under HS codes 720410, 720421, 720429, 720430, 720441, 720449, and 720450, as well as waste paper under 470710 …

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Average rebar prices in the Kingdom of Saudi Arabia during February 2023

According to the General Authority for Statistics, the average iron price per tonne in the Kingdom of Saudi Arabia in February 2023 ranged between 2943.91 – 4284.07 Saudi riyals, a decrease between -2.85% – 3.91% compared to January 2023, and a decline between-3.04% – 17.27% compared to February 2022. Average prices and monthly and annual …

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Algeria Mines Complex exports increase by 110% in 2022

The industrial and mining Complex “Algeria Mines” (MANAL) achieved exports worth $216 million in 2022, registering an increase of 110% compared to exports in 2021, as confirmed by the CEO Mohamed Sakhr Harami. Mr Harami said, in his intervention on the occasion of a workshop on mineral resources in Algeria, that the exports of the …

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Mohamed Al-Shahat, Chairmain of the Delta Steel Company

Engineer Mahmoud Esmat, Minister of the Public Enterprises Sector, issued a decision appointing the geologist Mohamed Al-Shahat as Chairmain of the Delta Steel Company after a prosperous march made by Al-Shahat in El Nasr Glass and Crystal Company, where Al-Shahat was able during this short period to increase sales to El Nasr Company. Choosing Al-Shahat …

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Emirates Steel Arkan: Events display the Group’s efforts in sustainability, safety, and innovation

Stemming from its leading position in the iron and building materials industry, Emirates Steel Arkan hosted internal events to display the Group’s efforts in sustainability, safety, and innovation. More than 500 employees and contractors attended these events, with the participation of more than 20 companies that presented their sustainability initiatives, innovative solutions, and safety equipment. …

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Rebar prices in Jordan for March 2023

The Jordan Chamber of Industry, in agreement with the local steel factories, issued a guiding bulletin for the selling prices of locally manufactured reinforcing steel in the Kingdom. According to the bulletin, the selling price of a ton of rebar grade 60 from the factory land and loaded on the back of the car ranges …

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The last update of rebar prices in Egypt is March 15, 2023

According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 34,700 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 29,285 Suez Steel 29,200 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 29,200 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 34,700 El …

The last update of rebar prices in Egypt is March 15, 2023 Read More »

Sulb Company commissions SMS Group to modernize the Electric Arc Furnace

Sulb Company in the Kingdom of Bahrain has commissioned the SMS Group to upgrade its 130-tonne capacity Electric Arc Furnace (EAF). The main motive for this project is to increase safety and enhance efficiency and productivity and this will lead to improved quality of products. Production is scheduled to start in 2024. The Bahrain Steel …

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Egypt: Prices of flat steel for Ezz Steel in March 2023

The prices of flat steel for Ezz Steel amounted to 31,635 EGY/tonne EXW, which are the same prices announced by the company on March 7, including value-added tax. Statement including VAT Flat Steel 31,635