Arab countries

The UAE extends duties on reinforcing steel imports until November 7, 2023

Dubai Customs institution has extended the application of customs duties on reinforcing steel and wire coils imports by 10% until November 7, 2023. The decision came in addition to Customs Declaration No. 10/2022, and based on the letter of the Federal Authority for Identity and Nationality, Customs and Ports Security dated January 16, 2023, which …

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Morocco begins an investigation into a protection duty extension on flat steel imports

After several years of imposing protective duties on HR flat steel imports, the Moroccan government intends to conduct an investigation aimed at maintaining the imposition of duties. Ministry of Industry and Trade announced the start of an investigation into extending the preventive measures imposed on flat steel products imports from January 26, 2023, according to …

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Libyan Iron and Steel Company announces iron prices, starting from January 29, 2023

Libyan Iron and Steel Company announces iron prices, starting from January 29, 2023 The Libyan Iron and Steel Company announced the company products’ prices starting from January 29. Reinforcing steel prices of all its kinds ranged between 3300 – 3600 Libyan dinars “wholesale and retail”. Wires are between 3680 – 4020 Libyan dinars. Flat products’ …

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Libyan Iron and Steel Company exports 10,000 tonnes of hot ductile iron (HBI)

The Libyan Iron and Steel Company announced the start of exporting 10,000 tonnes of hot-briquette iron (HBI) from the company’s port. The company indicated that the export operations would take over successively, bringing the shipped quantity to 64,000 tonnes during the coming period. At the same time, according to the General Manager of Marketing, Eng. …

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UAE: Dubai supports the steel and metal trade sectors

The Dubai Chamber of Commerce announced the launch of four new business groups as part of its plans to increase the number of business groups representing economic sectors and activities in the Emirate of Dubai to 100 businesses groups by March 2023, bringing the total number of business groups operating under the umbrella of the …

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Arab countries’ imports of HRC steel flats from Turkey increased by 144% during January-November 2022

In November last year, Turkey’s total exports of hot-rolled (HRC) steel flats decreased by 34.8% to 71,116 tonnes compared to October and decreased by 54.0% year-on-year, according to the Turkish Statistical Institute (TUIK).

Abu Dhabi Ports cooperates with Tosyali in shipping and logistics services

Abu Dhabi Ports Group has signed a preliminary agreement with Tosyali, one of the largest private sector steel producers in Turkey, which has extensive operations on three continents. The agreement stipulates setting a framework for the group’s cooperation with Tosyali in a wide range of services that include shipping, logistics, ports and freight forwarder services, …

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A report on the production and sales of the Libyan Iron and Steel Company in 2022

News, Public Reports, Reports / By user

The Libyan Iron and Steel Company announced the results of its production and sales operations during 2022, and according to the official report from the company, it achieved production of hot-rolled iron (HBI) amounting to 476.2 thousand tonnes, or 95.2% of the target in 2022, an increase of 62.5% over the production of 2021.

Algerian Qatari Steel Company begins transporting iron ore by rail

On Saturday, January 21, 2023, the Algerian-Qatari Steel Company will start transporting iron ore through the port of Djen Djen, after the success of all the technical trials of the railway linking the company to the port of Djen Djen at a distance of 50 km. The process will witness the programming of two trains …

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Russia includes the Egyptian pound in the list of foreign currencies, which may lead to a billet trade increase

Russian Central Bank announced setting the official rates of the ruble against nine other foreign currencies, including the Egyptian pound, the UAE dirham, the Qatari riyal, the Thai baht, the Vietnamese dong, the Serbian dinar, the New Zealand dollar, the Georgian lari, and the Indonesian rupiah. The new decision will allow Egypt and Russia to …

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Average price of rebar in the Kingdom of Saudi Arabia

According to the General Authority for Statistics, the average price of a ton of iron in the Kingdom of Saudi Arabia in December ranged between 3368.63 – 4282.66 Saudi riyals, with up and down between -3.14% – 0.71% compared to November 2022, and a decrease between -10.34% – 0.29% compared to December 2021. Average Prices …

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last update of rebar prices in Egypt January 19, 2023

Rebar prices in Egypt recorded an increase between 900 and 1700 EGP as a result of the rise in dollar prices in the local market, as rebar prices are affected by the prices of imported raw materials. rebar prices vary from one region to another, according to the cost of transportation and the profit margin …

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UAE: Reinforcing steel prices increased by 5.3% in January 2023

With the beginning of January 2023, reinforcing steel prices in the UAE increased by 5.3% to reach 2,380 dirhams per tonne, compared to 2,260 dirhams per tonne at the end of 2022. Reinforcing steel prices increased by 1.6% during December and November to reach 2,260 dirhams per tonne, compared to October, which settled at 2,222 …

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The visit of the Minister of Sport of Ivory Coast to Sider El Hadjar

The Minister of Sports of Ivory Coast, Mr Paulin Claude Danho, visited Sider El Hadjar, accompanied by a delegation of Ivorian media, to cover the visit. The President and General Manager of Sider El Hadjar, Mr Lotfi Kamel Mana, and the President, General Manager of Sider Complex, Mr Lakhdar Aouchiche, the management staff of the …

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Egypt’s iron and steel exports amounted to $1.3 billion from January to November 2022

Egypt’s iron and steel exports recorded about $1.302 billion from January to November 2022, compared to $1.672 billion during the same period of the previous year, a decline of 20%. The report issued by the Export Council for Building Materials, Refractories and Metallurgical Industries revealed that Spain ranked first in the import of iron and …

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Rebar prices in Jordan for January 2023

News, Prices / By user

The Jordan Chamber of Industry, in agreement with the steel mills, issued a guideline for the selling prices of reinforcing steel manufactured locally in the Kingdom. According to the bulletin, the selling price of a ton of rebar , grade 60, ranges between 470 and 485 dinars per tonnes, with sales tax and tax between …

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UAE: Masdar signs an agreement with four Dutch companies to build green hydrogen supply chains.

Abu Dhabi Future Energy Company “Masdar” announced, on 13 January 2023, the signing of an agreement with the “Port of Amsterdam”, “Sky NRG”, “Ivos Amsterdam”, and “Zenith Energy”, to explore ways to develop a green hydrogen supply chain between Abu Dhabi and Amsterdam to support needs of the Dutch and European market. The agreement was …

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Minister of Military Production: Armoured steel is a strategic product

Engineer Muhammad Salah El-Din Mustafa, Minister of State for Military Production, inspected the Abu Zaabal Company for Engineering Industries (Factory 100 Military), and affiliated with the Ministry of Military Production, accompanied by a several officials from the Ministry and the National Authority for Military Production. Where the Minister of State for Military Production was briefed …

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Saudi Arabia: Ma’aden signs new agreements to expand locally and internationally

The Saudi Arabian Mining Company (Ma’aden) has signed a set of agreements aimed at increasing its exploration and mining capabilities inside and outside the Kingdom, according to data sent by the company to the Saudi market. The announcement of these agreements comes in light of Saudi Arabia’s interest in maximizing the utilization of its mineral …

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A new increase in rebar prices in Egypt

Rebar prices in Egypt recorded an increase between 2000 and 3000 EGP as a result of the rise in dollar prices in the local market, as rebar prices are affected by the prices of imported raw materials. rebar prices vary from one region to another, according to the cost of transportation and the profit margin …

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Ezz Steel announces flat steel prices

Ezz Steel announced the prices for flat steel, as of Sunday, December 18, 2022. 28,335 EGY/tonne EXW, and 25,800 EGY/tonne, including value-added tax. Statement including VAT Flat Steel 28,335

UAE : The real estate sector in Abu Dhabi achieved outstanding performance in 2022

Experts and workers in the real estate sector in Abu Dhabi confirmed that it recorded outstanding performance in 2022. Explaining that the demand for buying and owning real estate in 2022 has increased significantly. Thanks to the vision of the wise leadership, initiatives and economic packages, and golden residency granting, along with the confidence of …

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Algeria: Ghar Djebilet project is “a locomotive for achieving huge projects in the future.”

The Minister of Industry, Ahmed Zeghdar, confirmed on Saturday, 8 January 2023, from Tipaza that the project to exploit the strategic Ghar Djebilet mine in Tindouf is the “locomotive” of the iron and steel industry in Algeria to achieve future huge projects on which the country depends. In press statements, on the side-lines of his …

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Morocco imports more than 50% of Turkey’s exports of billet

Turkey’s steel billet exports fell to a critical minimum in November 2023 as Turkey exported only 6,063 tonnes, according to the Turkish Statistical Institute (TUIK). The volume of exports decreased significantly on an annual basis and on a monthly basis, as pellet exports reached 47,297 tonnes in November 2021 and 46,944 tonnes in October 2022. …

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International Mining Conference .. Saudi Arabia contributes to the development of the mining region

The Saudi capital, Riyadh, will host an international mining conference with the participation of more than 200 speakers from different countries of the world. It will be held under the auspices of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz. The conference will discuss several topics in the mining sector, including global …

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Egypt: 36.5 million pounds of iron and steel sales to mines in Novembe

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during November, amounting to 36.51 million pounds. In a statement to the Egyptian Stock Exchange, the company stated that sales of Bahriya Oasis mines amounted to EGP 36.47 million during November. It added that the value of sales of Bani …

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UAE: A new industrial complex for the production of cold and hot rolled with a capacity of 500,000 mt

Khalifa Economic Zones Abu Dhabi – Kizad Group signed a preliminary agreement with Dana Steel Company, the leading manufacturing unit within the Dana Industrial Group, to establish the first industrial complex for the production of cold and hot rolled steel, in the Emirate of Abu Dhabi. Under the terms of the agreement, Dana Steel will …

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$186.8 billion is the contribution of “building and construction” to the Arab economies

The Arab Monetary Fund revealed that the construction sector in the Arab countries has recovered from the effects of the “Covid-19” pandemic, and the sector’s contribution to the GDP for the year 2021 amounted to about $186.8 billion, compared to $178.3 billion in 2020, with a growth of 4.7%. The Fund added, in a report, …

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Egypt: A new record in natural gas exports during 2022

The Egyptian Ministry of Petroleum and Mineral Resources announced that Egypt produced approximately 50.6 million tonnes of natural gas during the current year. According to the statement, Egypt achieved a record in natural gas exports, reaching 8 million tonnes this year, compared to about 7 million tonnes the previous year. The value of natural gas …

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Buildings and construction market trends in the GCC countries will reach $5.4 billion in 2027

A recent report was published on the size of the structural steel and prefabricated buildings market in the GCC countries, in which it indicated that the size of the prefabricated buildings and structural steel market in the GCC countries would reach USD 3.8 billion in 2021. The structural steel and prefabricated buildings market is expected …

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