Arab countries

Honouring the companies participating in the International Iron and Steel Exhibition

AISU, conferences, News / By user

Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in Manama, the Kingdom of Bahrain, the Union honoured the companies participating in the International Iron and Steel Exhibition on the fiftieth anniversary of the establishment of the …

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Honoring the founders of Arab Iron and Steel Union

AISU, conferences, News / By user

Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in the city of Manama, Kingdom of Bahrain, the federation honored the founders of the federation on the occasion of the fiftieth anniversary of the founding of the …

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Honoring the chairmen of Arab Iron and Steel Union

AISU, conferences / By user

Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in the city of Manama in the Kingdom of Bahrain, the chairmen of the union were honored on the occasion of the fifty years since the founding of …

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15th Arab Steel Summit kicks off under the patronage of H.E the Minister of Industry and Commerce of the Kingdom of Bahrain

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Under the patronage of H.E the Minister of Industry and Commerce, Mr Zayed Bin Rashid Al Zayani, the works of the 15th Arab Steel Summit and the International Iron and Steel Exhibition hosted by the Kingdom of Bahrain were launched this morning in conjunction with the celebration of the 50th anniversary of the Arab Iron …

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Arab Iron and Steel Union holds its 125th Board of Directors meeting in Manama – Bahrain

AISU, News / By user

On the sidelines of the 15th Arab Steel Summit, the meeting of the Board of Directors of the Arab Iron and Steel Union No. 125 was held on November 7th. The first conference of the federation after recovering from the effects of the Corona pandemic. His Excellency the Minister of Industry and Trade in the …

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Memorandum of Cooperation to study and explore the development of an integrated industrial complex in Oman

The Ministry of Commerce, Industry and Investment Promotion signed a memorandum of cooperation with Vale SA “Vale”, in partnership with the Public Authority for Special Economic Zones and Free Zones, and the National Program for Investment and Export Development “Nizhar”. The memorandum of cooperation includes a study and exploration of the feasibility of developing an …

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Beshay Steel announces rebar prices for the month of November

The Beshay Steel Factory announced iron prices in Egypt on 1-11-2022, an increase of 1700 pounds per ton, according to what the factory announced, provided that the new prices will be applied as of the first of November. For his part, Moheb Shafiq, a building materials trader, revealed in exclusive statements to Al-Mal that the …

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Ezz Steel reviews the size of the expected losses as a result of the liberalization of the exchange rate

Ezz Steel reviewed the expected losses for the group companies as a result of the liberalization of the pound against the dollar and foreign currencies. The company stated in a statement to the Egyptian Stock Exchange today, Sunday, that it is initially estimated that the currency losses in the second half of this year on …

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Arab Iron and Steel Union concludes the meeting of the Economic Committee in Saudi Arabia

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The Arab Iron and Steel Union concluded the work of the fifth meeting of the Economic Committee in Jeddah – Kingdom of Saudi Arabia, which was held from 17-18 October. The meeting was attended by representatives of the following countries: the Algerian Republic – the State of Kuwait – the United Arab Emirates – the …

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Egypt: Iron and Steel Mines achieve 17 million pounds in profits during August

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during August with a value of 17.34 million pounds. The company said in a statement to the Egyptian Stock Exchange on October 3 that the sales of the Bahariya mines amounted to about 17.19 million pounds during August. It added …

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Negotiations about supplying Tosyali Algerie with iron ores from the Ghar Djebilet mine

The Minister of Energy and Mines, Mohamed Arkab, received on September 29, in Algiers, the Chairman of the Board of Directors of Tosyali Complex, Fouad Tosyali, with whom he discussed strengthening cooperation in the mining field. Especially the use of iron ores from Ghar Djebilet mine to supply the iron and steel complex in Bethioua …

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Visit programs of the Arab steel companies’ delegation to the Algerian steel companies have been launched

Within the framework of the activities of the Arab Iron and Steel Union, a work program for cooperation, acquaintance, and exchange of experiences between Arab steel companies was launched in collaboration between the General Secretariat of the Union and the Iron and Steel “Imetal” Algeria, to learn about the technologies applied in these factories from …

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Tosyali Algeria Exporting 15,000 tonnes of pipes to Angola

Tosyali Algeria Steel Group, located in Bethioua, Oran, has exported 15,000 tonnes of anti-corrosion spiral tubes to Angola. The process of exporting these large tubes, 55 meters long, was carried out in three stages from the port of Arzew, Oran. The total value of these spiral tubes, the first of their kind in terms of …

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The launch of the new Emirati rebar in the last quarter

Eng. Saeed Ghamran Al Rumaithi, CEO of Emirates Steel Group, Arkan confirmed that the Group continues its excellent financial and operational performance, explaining that the results it achieved during the first half of this year confirm this. In an interview with Gulf News, Al-Rumaithi said, “Despite the decline in market momentum, the increase in fluctuations …

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Average prices of rebar and cement in Saudi Arabia

According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia recorded 3502.29 riyals in August 2022, a decrease of 7.9% compared to July 2022, which amounted to 3802.88 riyals, and a decrease of 4.8% compared to the price of August 2021, which amounted to 3669.99 riyals. As …

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Sabic Highlights Innovative Steel Solutions as Strategic Partner of 2nd Saudi Iron & Steel Conference

SABIC participated as a strategic partner in the 2nd Saudi International Iron & Steel Conference 2022 in Riyadh from September 12 to 14 under the patronage of Bandar Al-Khorayef, Minister of Industry and Mineral Resources, and Khalid Al-Falih, Minister of Investment. During a workshop on the first day of the conference, the company highlighted its …

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Ahmed Ezz: Our investment in “Egyptian Steel” is for the future..and we do not interfere in the administration

In an interview with Al Arabiya, the CEO of the Egyptian Ezz Steel Company, Eng. Ahmed Ezz, denied any intention to merge the two companies, Ezz Dekheila and Ezz Steel. Eng. Ahmed Ezz said that Ezz Steel’s investment in Egyptian Steel is an investment for the future, given the conviction of the technology used in …

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The conclusion of the work of the of ” 2nd Saudi Iron & Steel Conference” in Riyadh

The “2nd Saudi Iron & Steel Conference” concluded its work today successfully with a remarkable attendance of nearly 1,000 participants, which was organized by the National Committee for Steel Industry of the Federation of Saudi Chambers at the Four Seasons Hotel in the capital, Riyadh, under the patronage of His Excellency the Minister of Industry …

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Emirates Steel announces reinforcing steel that reduces the cost between 10% and 25%

Mohammed Al-Afari, Senior Vice President of Marketing at Emirates Steel, Arkan, revealed the launch of a new rebar product called ES600, which is considered the first of its kind in the UAE and the region, and the company has obtained local certifications for it. According to Al-Afari, this new type reduces the cost of using …

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Saudi Arabia announces 3 new projects in the iron and steel sector worth 35 billion riyals

Today, Monday, the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef, announced three new projects in the Saudi iron and steel sector worth 35 billion riyals. During the second Saudi International Iron and Steel Conference, the minister said that the production capacity of new projects in Saudi Arabia is 6.2 million tonnes of iron …

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Ezz Steel’s profits exceed 4.1 billion pounds during the first half of 2022

The consolidated financial statements of Ezz Steel during the first half of this year showed an increase in the company’s profits by 72.3% on an annual basis. The company stated in a statement to the Egyptian Stock Exchange on13 September that it achieved profits of 4.12 billion pounds from January to the end of last …

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Egypt decides to increase the price of the customs dollar

The Egyptian Ministry of Finance decided to raise the customs dollar price to 19.31 pounds, as an exchange rate to be used for importing goods from abroad, starting from Thursday. It is noteworthy in the text of the decision that the customs dollar price specified in it is the highest ever since its inception, and …

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The Coke General Assembly decided “to liquidate the company because it was not feasible to continue but preserving the rights of employees”

The Extraordinary General Assembly of Al-Nasr Coke Manufacturing and Basic Chemicals Company, affiliated with the Holding Company for Metallurgical Industries, decided, in its session held on September 5 2022, to dissolve and liquidate the company while taking the necessary measures in this regard and preserving the rights of the workers stipulated by law, in light …

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Egypt’s steel exports rise to $774 million in H1 2022

Egypt’s exports of “iron and steel” rose during the first half of this year by about 2% to record $774 million , compared to $762 million in the same period last year. The monthly report issued by the Export Council for Building Materials, Refractories and Metal Industries showed that Egypt exported iron and steel during …

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Maghreb Steel achieves record returns due to high prices

The transactions of Maghreb Steel amounted to MAD 2.9 billion in H1 of 2022, an increase of 38% compared to the same period in 2021. Maghreb Steel announced that the transactions amounted to MAD 1.45 billion in Q2 of 2022, compared to MAD 1.09 billion in Q2 of 2021, explaining that this improvement is the …

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Rebar in the Emirates to its lowest level since the beginning of the year

Rebar prices in the local market in the United Arab Emirates decreased by 6.5% to 2351 dirhams per ton for the month of September, compared to 2516 dirhams per ton in August. This is the lowest level of iron in the UAE since the beginning of the year. The Emirates-Arkan Steel Group announced fixing the …

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Egypt: EGY16.8 million , Iron and Steel Company for Mines sales in July

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales during the month of July, worth EGY16.8 million . The company said in a statement to the Egyptian Stock Exchange today, Sunday, that the sales of the Bahariya mines amounted to about EGY 16.76 million in July. She added that …

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Emirates Steel Arkan cuts bank loans and expands into new markets

Engineer Saeed Ghamran Al Rumaithi, CEO of Emirates Steel Arkan, said that the group was able to reduce the volume of bank loans and reduce reliance on short-term cash loans, which contributed to achieving additional savings and improving cash flow in general at the end of the first half of this year. . He added, …

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Morocco is the top importer of Turkish billet in H1 2022

Turkiye registered a decline in June billet export for the second month in a row, continuing the downward trend of January-June 2022 in international trade. Local steelmakers exported 79,946 t of billet in June, reducing shipments by 12.3% year-on-year, according to the Turkish Statistical Institute (TUIK).

Algeria: Extracting 1000 tons of iron ore from the Gara Jbeilat mine

The first amount of iron ore, estimated at 1,000 tons, was extracted from the Gara Jbeilat-Gharb mine (Tindouf province), which began to be exploited at the end of last July, as confirmed Wednesday by the Assistant Director-General of the National Iron and Steel Corporation (Feral), Reda Belhaj. In the same context, Belhadj said, “We carried …

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