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Arab countries

“Yamamah Steel” turns to losses in the fiscal year ending in September 2022

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The preliminary financial results of Al Yamamah Steel Industries Company “Yamamah Steel” revealed that it turned into a loss during the fiscal year ending on September 30, 2022, compared to a net profit that the company recorded in the same period last year. According to the company’s preliminary financial results, the net loss after zakat …

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The Algerian Qatari steel company cooperates with Danieli to modernize its units

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The Algerian Qatari Steel Company (AQS), one of the largest steel producers in Algeria, continues to invest in improving its operations and business activities besides doubling its overall capacity in the long term. The Algerian Qatari Steel Company proceeds with investments to increase business efficiency in the medium term, especially given the company’s extensive exports …

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UAE: Conaris inaugurates a coloured steel products factory with a capacity of 100,000 tonnes

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Conaris, the second largest private sector steel producer in the UAE, has announced its coloured steel products factory official opening in Jebel Ali Free Zone (Jafza) in Dubai. The new and modern facilities, which were developed with a 150 million-dirham investment within the Conaris facilities in the south of Jafza, extend over an area of …

UAE: Conaris inaugurates a coloured steel products factory with a capacity of 100,000 tonnes Read More »

Egypt’s iron and steel exports amounted to $1.1 billion, in January to October 2022

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Egypt’s iron and steel exports declined by 23%, to record about $1.146 billion during the first 10 months of 2022, compared to $1.481 billion in the same period last year. The Export Council for Building Materials, Refractories and Metallurgical Industries indicated that 10 countries acquired 75.3% of Egypt’s iron and steel exports, at a value …

Egypt’s iron and steel exports amounted to $1.1 billion, in January to October 2022 Read More »

Algeria cooperates with Germany in the field of green hydrogen

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Algerian Minister of Energy and Mines Mohamed Arkab met Franziska Brantner, Parliamentary Secretary of State, and Minister Delegate at the German Ministry of Economy and Climate Protection, and they discussed bilateral relations in the energy field, especially the joint measures implemented in the renewable energies field and energy efficiency. Minister Mohamed Arkab and the German …

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Tosyali Algeria achieved exports exceeding $800 million during January-September 2022

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The iron and steel complex Tosyali Algeria (Oran) achieved export revenues exceeding $800 million during the first nine months of 2022. Member of the Board of Directors Alp Topkyoglu said in a statement to the APS that Tosyali Company had exported more than 1.1 million tonnes of iron products, with a slight increase compared to …

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Egypt cancels the ban on exporting stainless steel scrap and imposes a fee of 3,500 pounds per tonne

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The Egyptian Ministry of Industry and Trade decided to cancel Resolution No. 190 of 2022 banning the export of stainless steel scrap, and imposing an export fee of 3,500 pounds per ton. According to the text of the decision, scrap and waste of stainless steel alloys, customs item 7204.21, shall be deleted from the table …

Egypt cancels the ban on exporting stainless steel scrap and imposes a fee of 3,500 pounds per tonne Read More »

Egypt: El Marakby Steel pumps 5 million dollars for the use of clean energy

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El Marakby Steel Group intends to start a plan to rely on clean energy in manufacturing to reduce carbon emissions, with investments of $5 million, during the next three years. Eng. Hassan Al-Marakibi, Chairman of the Board of Directors of El Marakby Steel Group, revealed that his group’s strategy regarding green industry and sustainability is …

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Dubai keeps pace with the requirements of sustainable growth by promoting renewable and clean energy capabilities

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The ambitious strategy of the Emirate of Dubai to transition to a green economy has gained significant momentum, with the emirate’s recent adoption of a road map that aims to make public transportation carbon-neutral by 2050, with initiatives ranging from investing in advanced infrastructure, strengthening the foundations of a circular economy, and expanding the scope …

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President Tebboune: Phosphate mine in Tebessa and iron in Tindouf are among Algeria’s strategic projects

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The President of Algeria, Mr Abdelmadjid Tebboune, affirmed on December 13, that phosphate mine in Tebessa and the iron mine in Ghar Djebilet in Tindouf represent two strategic projects for the future of Algeria. Standing at the Phosphate Mines Company pavilion on the inauguration of the 30th edition of the Algerian Production Exhibition at the …

President Tebboune: Phosphate mine in Tebessa and iron in Tindouf are among Algeria’s strategic projects Read More »

UAE: Rebar prices decline 20% during the second half

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The Secretary-General of the Emirates Iron Producers Committee and Senior Vice President of Marketing at the Emirates Arkan Steel Group, Mohammed Salem Al-Afari, stated on the sidelines of the “Big Five” construction exhibition at the Dubai World Trade Center that the volume of consumption of reinforcing steel products in the local market since the beginning …

UAE: Rebar prices decline 20% during the second half Read More »

4.5 billion dirhams of reinforcing steel sales in the Emirates in 2022, and new expansions from Emirates Steel Arkan for flats production

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Mohamed Salem Al-Afari, Secretary General of the Emirates Steel Producers Committee and Senior Vice President of Marketing at the Emirates Arkan Steel Group, said: The value of sales of the reinforcing steel market in the country during 2022 amounts to about 4.5 billion dirhams, while the volume of domestic consumption is estimated since the beginning …

4.5 billion dirhams of reinforcing steel sales in the Emirates in 2022, and new expansions from Emirates Steel Arkan for flats production Read More »

Oman : Jindal Shadeed intends to build a green steel plant with investments of $3 billion

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The Public Authority for Special Economic Zones and Free Zones of Oman, an Omani government economic agency, has signed a memorandum of understanding with the Jindal Shadeed Group to build a green iron production plant with investments of $3 billion in Oman, according to Oman News Agency. The agency added that the factory would be …

Oman : Jindal Shadeed intends to build a green steel plant with investments of $3 billion Read More »

Iraq’s Van Steel launches commercial rebar production

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Despite numerous challenges, among which are the global economic headwinds and local political instability, a new steel facility has been commissioned in Iraq. Rather positive long-term prospects for rebar demand are the main reason for capacity expansion taking place in the Kurdistan region. Iraq’s Galiawa Group announced the launch of the second rolling mill at …

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Emirates Steel achieves a profit of 383 million dirhams in 9 months

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The revenues of Emirates Steel Company “Arkan” in the third quarter of this year 2022 increased by 29% to reach 2.51 billion dirhams, compared to the initial revenues during the third quarter of last year, which amounted to 1.94 billion dirhams. EBITDA increased to AED 269 million, up 224% year-on-year. The group recorded a net …

Emirates Steel achieves a profit of 383 million dirhams in 9 months Read More »

The accomplishment of the 15th Arab Steel Summit

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Today, the Arab Iron and Steel Union annual conference, “The 15th Arab Steel Summit,” was concluded in Manama, the Kingdom of Bahrain, under the patronage of H.E the Minister of Industry and Commerce, Mr Zayed Bin Rashid Al-Zayani, in which a remarkable number of Arab steel companies, regional and international organizations, technology equipment suppliers, consultants, …

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