Egypt’s steel exports rose by 193% to $1.311 billion in January to September 2021, compared to $447 million in the same period last year, according to the export and import control report sent to the Building Materials Export Council. The report of the Export Council for Building Materials revealed that Italy is the most importer …
Egypt jumps steel exports to $1.3 billion in January-September 2021 Read More »
Engineer Mohamed Ahmed Morsi, Minister of State for Military Production, announced the success of the ministry’s efforts represented by the Military Factory 100, in cooperation with the Ezz Steel Company, in the manufacture of “armored steel” after a strenuous effort, which opened the way for Egypt to expand in the field of vehicle manufacturing. The …
The Egyptian Prime Minister issued a decision setting the selling price of natural gas supplied to industrial activities, including an increase in prices for iron and steel factories, cement, fertilizers and petrochemicals from $4.5 per million thermal units to 5.75, an increase of 28%. The resolution stipulates that, the selling price of natural gas supplied …
The General Directorate of Iron and Steel complex “Sider El Hadjar” announced in a statement the signing of an agreement with the Iron Ore Company of the East (MFE) for the regular supply of iron ore to the Complex. The agreement was signed by the General Manager of Sider El Hadjar (a subsidiary of Sider …
SABIC unveiled its global strategy towards carbon neutrality at the inaugural Saudi Green Initiative (SGI) Forum, which took place under the patronage of His Royal Highness Crown Prince Mohammed Bin Salman in Riyadh. With the theme “A new era of action: Oasis Alive”, the invitation-only event was attended by a high-level delegation from the company …
SABIC announces carbon neutrality strategy at “Green Saudi” initiative forum Read More »
The Council of Arab Economic Unity held yesterday its fifty-fourth meeting of the Arab unions specialized in work quality, which was organized by the Council of Arab Economic Unity, in the presence of the leaders of the Arab unions specialized in quality. The Arab unions’ periodic meeting dealt with achievements and recommendations made at the …
The Council of Arab Economic Unity held yesterday its fifty-fourth meeting of the Arab unions specialized in work quality, which was organized by the Council of Arab Economic Unity, in the presence of the leaders of the Arab unions specialized in quality. The Arab unions’ periodic meeting dealt with achievements and recommendations made at the …
Emirates Steel, the leading integrated steel manufacturer in the Middle East, adopted UK CARES’ state-of-the-art Dynamic QR Code verification technology to assure fast and seamless traceability of its rebar products as part of its major drive to digital assurance. Emirates Steel is the first manufacturer to automatically upload the product test data using a dedicated …
Emirates Steel makes great dynamic strides in digital assurance Read More »
The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 225 10 mm Kuwait Ton 225 12 mm Kuwait Ton 225 14 mm Kuwait Ton 225 16 mm Kuwait Ton 225 Domestic Rebar Size Origin …
Ezz Steel announced that its total exports in the first nine months of 2021 reached $1.013 billion. Exports amounted to $598 million in the first half (H1) of 2021 and $419 million in the third quarter (Q3) of the year, according to a bourse disclosure. In the January-June period, the steel manufacturer turned to net …
Ezz Steel’s exports exceed $1billion in 9 months Read More »
The construction of a flat steel production plant with a production capacity of 2 million mt per year is expected in the “Tosyali Algeria” company, a member of the company’s board of directors in charge of operations in Algeria announced on Tuesday. In a statement to the Algerian News Agency, Mr. Alp Topkiogli highlighted that …
Tosyali Algeria to start the construction of a flat steel production plant next November Read More »
Within the framework of efforts to enhance cooperation between the Republic of Algeria and the People’s Republic of China, a memorandum of understanding was signed on Thursday, October 14, 2021 between the National Corporation for Metal and Copper Structures “ENCC Spa” and the China Railway Construction Company Limited in Algeria “Algeria CRCC” The celebration was …
Signing a memorandum of understanding between ENCC Spa and CRCC Algeria Read More »
Egypt’s exports of pipes increased by 11% to reach $5 million in January to August 2021, compared to $4 million in the same period last year. A report from the Export Council for Building Materials said that exports to Turkey from the pipe sector rose by 69% to $1.6 million, compared to only $980,000 last …
$5 million , Egypt’s exports of pipes in January-August 2021 Read More »
The Hamriyah Free Zone Authority (HFZA) added another industry leader to its investors base with ArcelorMittal Projects, a part of the ArcelorMittal Group, the world’s leading Steel and Mining company, recently acquiring the assets of a pipe and coating mill located in the Hamriyah Free Zone. Besides the acquisition, ArcelorMittal Projects has leased 1.38 million …
HFZA inks investment deal with ArcelorMittal DSTC FZE Read More »
Bahrain Steel, a key pellet supplier in the GCC and sister company of merchant bar producer SULB, continues to strengthen cooperation with foreign customers, aiming to benefit from strong raw materials segment fundamentals. The company hopes to take advantage of market activity in China. Generally high iron ore prices in the global market are playing …
Bahrain Steel intends to enter the Chinese market by exporting 200,000 t in 2021 Read More »
Dr. Alia El Mahdi, Chairman of the Board of Directors of the Egyptian Iron and Steel Industry Association, said that the individual sector is the most important source of steel demand in the market, as it constitutes 60% of consumption, while government demand and the real estate development sector together constitute 40% of the consumption …
SULB, a major steel producer serving international markets, inaugurated the newly constructed Wharf. The new private port facility, located at Salman Industrial City in Hidd, is set to significantly enhance the company’s supply chain and deliver strong environmental and economic benefits for the Kingdom of Bahrain and its customers. High level dignitaries, SULB’s Board and …
SULB inaugurates $20mn wharf at Salman Industrial City in Hidd Read More »
DP World Group has completed tests of container storage on raised pallets called “BOXBAY” system at the first full-size facility to be built in Jebel Ali Port in Dubai to prove that the innovative technology works successfully in the real world. More than 80,000 container movements have been completed since the trial operation of the …
Rebar prices in the Kingdom recorded during the month of September a decrease of 13% after the surge it witnessed. Specialists linked the reasons for the decline to a 24% drop in global crude prices, as the price of a ton of iron ore on global stock exchanges was less than $100. The average prices …
Today, Friday 1-10-2021, rebar prices in Egypt witnessed stability in the local market, according to the announced prices. Company Egyptian pounds Ezz Steel 14600 Suez Steel 14500 Arabian Steel industries 14400 Beshay Steel 14500 Elgarhy Steel 14450 Attia Steel 14300 El-Marakiby steel 14300 Egyptian Steel 14500 Maadi Steel 14300 Alshry Steel 14300 Misr Steel 14300 …
Being under the pressure of the slow demand, Emirates Steel lowered its October rebar price to AED 2,406/t ($655/t) EXW, down from AED 2,608/t ($710/t) EXW in September. Prices are indicated without 5% VAT. $1 = AED 3.673.
The Bahraini Cabinet approved a draft law amending the value-added tax, and increasing it from the current 5% to 10%, starting from January 2022. The Council referred the draft law amending the value-added tax to Parliament for approval. The Bahrain government said in a statement on Monday that the annual growth of real GDP reached …
Bahrain government approves value-added tax increase to 10% Read More »
Egypt’s exports of iron and steel surged by 197% to $1.097 billion in the first eight months of 2021, compared to $369 million in the corresponding period a year earlier, the Middle East News Agency (MENA) reported. A total of 76 countries received Egypt’s exports of iron and steel during the January-August period, nine of …
Egypt’ iron, steel exports jump to $1.097bn in eight months Read More »
The Board of Directors of the Iron and Steel Company for Mines and Quarries, affiliated to the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector, approved the approval of the amended financial statements with a net profit after deducting income tax in the amount of 5.54 million …
Egypt: Iron and Steel Mines earn 5.5 million pounds in 6 months Read More »
The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 238 10 mm Kuwait Ton 238 12 mm Kuwait Ton 238 14 mm Kuwait Ton 238 16 mm Kuwait Ton 238 Domestic Rebar Size Origin …
The Brazilian ministries of foreign relations and economy jointly said this week the Gulf Cooperation Council (GCC) will not impose anti-dumping (AD) duties on steel imports from Brazil. Despite not disclosing specifically which steel products were under investigation, both ministries applauded the decision. “If imposed, the duties would have a negative impact over the Brazilian …
Gulf Cooperation Council declines to impose duties on steel imports from Brazil Read More »
The Libyan Iron and Steel Company announced the resumption of sales of its products after a hiatus of more than two months. The company’s local marketing department announced, in an announcement, the opening of the sale of rebar, according to the terms and prices approved by Resolution No. (140) for the year 2021, as follows: …
Libyan Iron and Steel Company resumes the sale of its rebar products Read More »
After a long period of stability in rebar prices in Egypt, which lasted for 6 months (mid-May), the major steel mills raised their prices for the month of October. Surging prices for raw materials, semis and finished products globally were the main reason for the decision. This time, the rise was uneven, between EGP 400- …
Rebar prices rise in Egypt after a 6-month stable Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 99,004 mt in July 2021, down 10.5 percent from June but up 167.8 percent from July 2020 levels. By value, wire rod imports totaled $85.9 million in July 2021, compared to $87.9 million in June and $26.4 million …
Egypt and Algeria lead Arab countries exporters of wire rod to US in July Read More »
According to the General Authority for Statistics, the average price of a ton of rebar in the Saudi Arabia 3669.99 riyals in August 2021, down 0.9% compared to July 2021, which amounted to 3705.29 riyals, and an increase of 24.5% compared to the price of July in 2020, which amounted to 2946.9 riyals. As for the …
Average prices of steel and cement in Saudi Arabia in August 2021 Read More »