Within the framework of the Arab Iron and Steel Union objectives, interest in human development and boosting the administrative, organizational and technological skills of engineers and technicians in the iron and steel field. AISU is training the second group of engineers and technicians at Sulb Company in the Kingdom of Bahrain through the training program …
Emirates Steel Arkan signed the climate pledge for the real estate sector, which is affiliated with Aldar Company and the Ministry of Climate Change and Environment. The signing of the pledge came within the ninth meeting of the “National Dialogue on Climate Ambition” series of meetings, which was held under the slogan “Reducing Carbon Rates …
Emirates Steel Arkan signs the Climate Pledge for the real estate sector Read More »
The activities of the training course in the field of steel industry technology organized by the Arab Iron and Steel Union at Sulb Company in the Kingdom of Bahrain for a group of technicians were concluded today. The program aims to provide participants with information related to the nature of melting furnaces, the proportions of …
Dubai Customs Department extended the work to raise the customs duties it imposed on reinforcing steel and steel coils from 5% to 10% until November 7, 2023. The department increased its customs duties on rebar steel and steel coils as of January 17, 2019, as it increased the percentage of fee tariffs from 5% to …
UAE extends raising customs duties on reinforcing steel by 10% instead of 5% Read More »
Arab Iron and Steel Union holds the sixth Economic Committee Meeting work in Dubai,United Arab Emirates, from 7-8 March, at the invitation of the Emirates Steel Arkan. Representatives of the following countries attended the Committee meeting, Algeria – Egypt -Kuwait – the United Arab Emirates – Saudi Arabia – Qatar – Bahrain – Tunisia – …
Arab Iron and Steel Union holds the Sixth Economic Committee meeting in the UAE Read More »
Today, the training course activities started in the field of steel making technology, organized by the Arab Iron and Steel Union at Bahrain Steel. The program aims to provide the participants with information related to the smelting nature and the rates of materials and interactions that accompany smelting operations. The training course will address the …
Training course activities begin “Steel Making Technology” at Sulb Read More »
Sulb in the Kingdom of Bahrain announced that it achieved the highest annual sales of steel products from the medium and heavy sectors, as its sales exceeded more than one million tonnes in 2022. Sulb was also able to register a new production record of 12.875 million tonnes, which is the highest in its history. …
Sulb achieved sales of more than one million tonnes of steel sectors in 2022 Read More »
Oman and Etihad Rail Company, the developer and operator of the railway network linking the Sultanate of Oman and the UAE, and Mubadala Investment Company (Mubadala) signed a cooperation agreement to develop the railway network linking Oman and the UAE, which extends over a distance of 303 km, with a total investment value of $3 …
Accelerate the development of the railway network between the Emirates and Oman Read More »
Saudi Basic Industries Company (SABIC) announced the financial results for the fiscal year ending on December 31, 2022. As it recorded profits amounting to 16.5 billion riyals, compared to 23.07 billion riyals for the fiscal year 2021, a decrease of 28.4 per cent. The decrease in net profit during this year compared to the previous …
Saudi Arabia: 16.5 billion riyals of “SABIC” profits in 2022 Read More »
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 25,800 pounds – 28,500 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 26,985 Suez Steel 26,850 Beshay Steel 28,500 El-Marakiby Steel 27,000 Egyptian Steel 26,850 Ashry Steel 26,500 Garhy Steel 27,000 Misr Steel 26,000 El …
The last update of rebar prices in Egypt is February 27, 2023 Read More »
Iron and Steel Company for Mines and Quarries announced that it achieved total sales during January, which amounted to EGP 16.34M. The Company stated, to the Egyptian Stock Exchange, that the sales of Bahariya Oasis mines amounted to EGP 16.29M in January. It added that the sales value of Bani Khalid – Samalout Quarries amounted to …
Egypt: 16.34 million pounds of iron and steel sales to mines during January 2023 Read More »
The Moroccan Ministry of Industry and Trade issued a final decision imposing dumping duties on imports of galvanized wire from Turkey with a thickness of 0.85 mm based on a request dated January 26, 2022, from Somatref, Sicoterm, Galvafil, and Sodefer on behalf of the galvanized wire producers, and the investigation was closed on February …
Morocco imposes duties of 21%-61% on galvanized steel wire from Turkey Read More »
Saudi Crown Prince Mohammed bin Salman Al Saud announced the launch of the New Square Development Company to develop the world’s largest modern downtown in the city of Riyadh, in line with the goals of Saudi Vision 2030. The project includes an innovative museum, a university specializing in technology and design, an integrated multi-use theatre, …
Saudi Arabia launches the New Square Company to develop “Downtown” in Riyadh Read More »
According to the General Authority for Statistics, the average iron price per tonne in the Kingdom of Saudi Arabia in January 2023 ranged between 3063.65 – 4284.07 Saudi riyals, a decrease between -0.26% – 1.65% compared to December 2022, and a decline between -0.4% – 12.38% compared to January 2022. Average prices and monthly and …
Average rebar prices in the Kingdom of Saudi Arabia during January Read More »
The UAE has developed a strategic plan to produce green hydrogen based on renewable energy projects, as part of its plan to acquire a future fuel export market share. In this context, Brooge Energy and Siemens Energy signed a memorandum of understanding to develop a green hydrogen and ammonia project based on solar energy. The …
Developing a green hydrogen and ammonia production project in the UAE Read More »
The Libyan Iron and Steel Company continues its plan for the year 2023 by exporting 8,000 tonnes of Hot Briquetted Iron (HBI) – HBI to Turkey through the company’s port on board the tanker Michelle. A few days ago, the company announced the export of 17,500 tonnes of rebar to Albania, which is the first …
Libyan Iron and Steel Company exports 8,000 tons of Hot Briquetted Iron (HBI) to Turkey Read More »
Emirates Steel Arkan (ADX: EMSTEEL) (the “Group”), the largest publicly traded steel and building materials company in the UAE, today announced its net profit rose to AED 508.5 million in 2022, boosted by strong demand from international customers and the steps taken by the Group to enhance operational efficiencies following the merger of Emirates Steel …
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 25,200 pounds – 28,500 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 26,985 Suez Steel 26,850 Beshay Steel 28,500 El-Marakiby Steel 27,000 Egyptian Steel 26,850 Ashry Steel 26,500 Garhy Steel 27,000 Misr Steel 26,000 El …
The last update of rebar prices in Egypt is February 13, 2023 Read More »
Qatar Steel achieved a net profit of QR 888 million in 2022, an increase of 24% compared to last year. The profit improvement was mainly driven by higher revenues, which increased by 10% compared to 2021. In addition, Foulath Holding Company, an associate company that mainly produces and sells iron oxide pellets, reported commendable financial …
Qatar Steel achieved a profit of 888 million Qatari riyals in 2022 Read More »
Qatar Steel Company has successfully received Qatar Sustainable Construction Materials Certification (Qatar Sustainability Label – Certificate of Registration (CoR)) with a “Good” rating from CARES and Earthna (Member of Qatar Foundation) after the desktop review audit by fulfilling the certification scheme requirements. Qatar Steel is the first approved company in its sector to achieve this …
The prices of rebar in Jordan have stabilized during the current month of February, without any change from the prices of January, as the selling price of a ton of rebar , grade 60, ranges between 470 and 485 dinars per tonnes, with sales tax and tax between 546 and about 585 dinars per tonnes. …
Within the framework of the Algerian-Qatari Steel Company efforts to ensure its commitment to the highest quality and reliability standards. AQS has obtained a certificate of conformity for reinforcing steel products and iron wire coils from the British authority “UK CARES” for the approval of steel products across the world after the British Authority completed …
Algerian Qatari Steel obtains the British “UK CARES” certificate Read More »
The General Secretariat of the Arab Iron and Steel Union extends its deepest condolences and sincere sympathy to the Syrian and Turkish people and the families of the earthquake victims that struck the countries, claiming the lives of many injured and missing people and leaving inordinate destruction. Asking the Almighty Allah to inspire their families …
The Libyan Iron and Steel Company continues to expand its presence in the global market by announcing the export of 17,500 tonnes of rebar to Albania on “Lady Divina”. It is the first of the shipments that the company announced earlier, as it announced an agreement between the company’s external marketing department and several foreign …
Libyan Iron and Steel Company exports 17,500 tonnes of rebar to Albania Read More »
According to preliminary statistics data released by the US Department of Commerce, the total US rebar imports reached 63,030 tonnes in December 2022, up by 10% from November and up by 5.4% from December 2021. In terms of value, total reinforcing steel imports amounted to $52.6 million in December 2022, compared to $49.8 million in …
Algeria tops the countries exporting rebar to the United States in December Read More »
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 25,500 pounds – 28,500 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 26,985 Suez Steel 26,850 Beshay Steel 28,500 El-Marakiby Steel 27,000 Egyptian Steel 26,850 Ashry Steel 26,500 Garhy Steel 27,000 Misr Steel 26,500 El …
The last update of rebar prices in Egypt is February 6, 2023 Read More »
On Saturday, Engineer Mahmoud Esmat, Minister of the Public Enterprises Sector, made a surprise visit to El-Nasr Company for Forging Industry, affiliated with the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector. During the visit, the minister followed up on the work progress within the company, the …
Egypt: Developing El-Nasr for forgings production lines to provide railway equipment Read More »
The latest data issued by Property Finder revealed significant numbers achieved by the real estate market, which is witnessing a steady boom in Dubai. According to this data, the transactions for January 2023 increased by 128.5% annually after several sales transactions exceeded 9,800, compared to 5,739 in January 2022. The value of transactions recorded a …
UAE: 5,000 off-plan properties were sold in Dubai in January, with a growth of 90% Read More »
Ezz Steel announced the prices of flat steel as of Wednesday, February 1, 2023 . 29,335 EGY/tonne EXW, including value-added tax. Statement including VAT Flat Steel 29,335
The financial indicators of the Iron and Steel Company for Mines and Quarries revealed, for the first half of the current fiscal year, an increase in the company’s profits by 408.4% on an annual basis. The Company stated to the Egyptian Stock Exchange on Sunday, 29 January 2023, that it recorded a net profit of …
Egypt: Iron and steel mines annual profits quadruple Read More »