The Delta Steel Company announced the renewal of the international ISO certificate for the third year in a row. The Delta Steel Company is one of the oldest steel companies in Egypt, and the establishment of the company dates back to 1947. The company has taken the development of production units and the application of …
Emirates Steel announced a reduction in the prices of rebar for September delivery in support of the construction sector and to ensure its sustainability. This came during the company’s participation in the “Big Five” exhibition, which was launched at the Dubai World Trade Center and will continue until September 15. Emirates Steel invited customers, developers …
Emirates Steel reduces rebar prices for September delivery Read More »
The value of these imports totaled $167.49 million, increasing by 52.7 percent month on month and up by 164.6 percent year on year. In the January-July period of this year, Turkey’s billet import volume amounted to 2 million mt, increasing by 101.4 percent, while the value of these imports increased by 202.8 percent to $1.26 …
Algeria leads the Arab countries exporting billets to Turkey in January-July Read More »
The Ministry of Industry and Advanced Technology (MoIAT) signed three separate memoranda of understanding (MoU) with Etisalat, Emirates Steel and TAQA, the Abu Dhabi National Energy Company, as the first three large national companies joining, to mark their commitment to the National In-Country Value (ICV) Programme. By joining the National ICV programme, which was officially …
Etisalat, Emirates Steel, TAQA first joiners of National ICV Programme Read More »
Egyptian experts considered that expanding the scope of Egypt’s energy exports, especially natural gas and electricity, would give Cairo great weight in the region, and enhance its regional and international standing. Egypt, Jordan, Syria, and Lebanon agreed during a meeting on Wednesday to deliver Egyptian gas to Lebanon via Jordan and Syria and to present …
The Gulf Cooperation Council (GCC) has decided against imposing safeguard measures on imports of certain steel products, South Korea’s trade ministry said, a move expected to ease concerns for South Korean exporters. The ministry said the ministerial committee of the GCC — an economic union of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United …
Gulf states decide not to impose safeguard measures on steel imports Read More »
Baoshan Iron & Steel Co Ltd (Baosteel), China’s biggest listed steelmaker, said on Wednesday it had signed an initial pact with the world’s top crude oil producer Saudi Aramco to study building a steel plate factory in Saudi Arabia. The nonbinding memorandum of understanding was one of a number of agreements state-controlled Aramco inked on …
China’s Baosteel, Aramco ink pact on Saudi steel plate factory Read More »
As a continuation of latest announced initiatives and projects, which contribute to the reduction of climate change effects, the Public Investment Fund (PIF) in collaboration with the Saudi Tadawul Group today announced an intent to establish Riyadh Voluntary Exchange Platform for offsets and carbon credits within the Middle East and North Africa Region. This initiative …
The Libyan Iron and Steel Company announced on Tuesday the resumption of the operations of the company’s production units after a two-month hiatus based on the decision of the National Unity Government. The company said on its Facebook page: The double line specialized in the production of skewers is the first factory that has resumed …
Libyan Iron and Steel Company resumes operating production units after a two-month Read More »
In our constant efforts and commitment towards maintaining the balance of pricing within the local steel market and to support the country’s construction sector, Emirates Steel has reduced its Rebar (8-32 mm) prices for the upcoming month of September to AED 2,610/per ton, approximately $710, compared to the AED 2,956/per ton sold, close to $805 …
Emirates Steel reduces rebar prices for the month of September Read More »
The board of directors of Iron and Steel for Mines and Quarries approved the output and sales report for July. The company’s sales amounted to EGP 7.91 million during July, according to a bourse disclosure on Tuesday. Iron and Steel for Mines and Quarries is a spin-off company of the Egyptian Iron and Steel (Hadisolb). …
Egypt : Iron and Steel for Mines achieves EGP 7.9m sales in July Read More »
Emirates Steel, the leading integrated steel plant in the Middle East, awarded a ‘General Designer’ contract to Tata Consulting Engineers LTD, Abu Dhabi, for its new fully automated first-of-its-kind Hot Rolled Coils (HRC) plant in the MENA region. The agreement aims to conduct a comprehensive evaluation and study for all phases of the project. The …
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 244 10 mm Kuwait Ton 244 12 mm Kuwait Ton 244 14 mm Kuwait Ton 244 16 mm Kuwait Ton 244 Domestic Rebar Size Origin …
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 161.7 million tonnes (Mt) in July 2021, a 3.3% increase compared to July 2020. China produced 86.8 Mt in June 2021, down -8.4% on July 2020. India produced 9.8 Mt, up 13.3%. Japan produced 8.0 Mt, up 32.5%. Crude …
World crude steel production increased by 3.3 % in July 2021 Read More »
Dr. Wael Youssef, Managing Director of the Holding Company for Metallurgical Industries, revealed that the Delta Steel Mill will launch the new digital transformation project next month, pointing out that the plan of the Ministry of Public Business Sector for digital transformation and mechanization of work systems in affiliated companies is being implemented using the …
Having been protected by trade measures for seven years, Moroccan steel producers call for the prolongation of existing safeguards for long and flat products. The local authorities have decided to satisfy the request and already started respective proceedings. The Ministry of Industry, Trade, Investment and Digital Economy opened on August 17, 2021 two separate cases …
Moroccan mills insist on extension of safeguards both for longs and flats Read More »
According to the General Authority for Statistics, the average price of a ton of rebar in the Saudi Arabia 3705.29 riyals in July 2021, up 0.04% compared to June 2021, which amounted to 3703.45 riyals, and an increase of 25.7% compared to the price of July in 2020, which amounted to 2947.7 riyals. As for …
Average prices of steel and cement in Saudi Arabia in July 2021 Read More »
The Minister of Industry and Minerals, Ahmed Abu Heisa, visited the oxygen factory at the wire drawing headquarters of the Libyan Iron and Steel Company, accompanied by the Undersecretary for Production and Industrial Zones, Mustafa Al-Sammo. The media center of the ministries, bodies and institutions of the Libyan government stated that Abu Hissa said, “The …
The Libyan Minister of Economy and Trade issued Resolution No. 300 of 2021, which bans the export of “scrap” in all its forms and types. The decision issued on Monday (August 16, 2021 AD) stated that the ban includes “scrap, scrap and scrap, light iron ingots, cast iron and pressed scrap (cars), iron manufactured from …
Libya: The Minister of Economy and Trade prohibits the export of scrap Read More »
Ezz Steel turned to net profits of EGP 2.39 billion in the first half (H1) of 2021, versus net losses of EGP 2.77 billion in H1-20, including minority shareholders’ rights. The sales surged to EGP 30.42 billion in the six-month period ended 30 June, compared to EGP 17.82 billion in the corresponding period in 2020, …
In June this year, Turkey’s total hot rolled coil (HRC) exports decreased by 32.3% to 168,545 metric tons compared to May and were down 45.2% year on year, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $148.02 million, down 25.4% month on month, while increasing by …
Abu Dhabi National Energy Company TAQA Group and Emirates Steel have revealed a partnership to develop a large-scale green hydrogen project to enable green steel production in the MENA region. The hydrogen will enable green and low steep manufacturing, saving energy while creating a sustainable and clean manufacturing process. Under the newly signed memorandum of …
In June this year, Turkey’s rebar exports amounted to 681,787 metric tons, up 1.1 percent compared to May and increasing by 42.4 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). The revenue generated by these exports totaled $433.47 million, increasing by 3.0 percent compared to May and …
Turkey’s rebar exports increase by 34.7% in H1 2021 Read More »
The Iron and Steel Company for Mines and Quarries announced that it achieved sales of 23.33 million pounds during the period from April to the end of last June. The company explained in a statement to the Egyptian Stock Exchange, today, Thursday, that its sales rose during the month of June to record 7.83 million …
Egypt: 23.3 million pounds in sales of the Iron and Steel Company for Mines in 3 months Read More »
The Minister of Industry, Ahmed Zghdar, met today, Thursday, in Algiers, with officials of the iron and steel complex “Imetal Group”, where the situation of the complex and the problems faced by some of its branches were discussed, according to a ministry statement. In this meeting, the minister received “full explanations about the reality of …
The Minister of Industry meets the officials of Imetal Group Read More »
Qatar Steel became the first company in the Middle East and one of the four companies in the world to achieve “1 Rosette” rating for its good performance compared with other 22 certified companies complying only basic requirements of “PASS” rating, to be approved by the authority of UK CARES under sustainable construction steel certification …
Egypt’s exports of iron and steel products rose in the first five months of this year by 179% to record $584 million, compared to $209 million in the same period last year. The monthly report issued by the Export Council for Building Materials indicated that exports were made to 70 countries during that period, including …
$584 million , Value of Egypt’s steel exports in 5 months, up 179% Read More »
Libyan Iron and Steel Company organizes a forum under the slogan Our Environment is Our Responsibility The Libyan Iron and Steel Company hosted a dialogue forum under the slogan “Our Environment is Our Responsibility” about (Conference on the Environmental Effects of Pollution 2021), which will be held at the end of this year in the …
Tosyali Algeria reaches a capacity of 8.5 million tons after the completion of the fourth phase Turkey-based Tosyalı Demir Çelik Sanayi has stated that the fourth phase of the investment at its Algeria-based subsidiary Tosyalı Algeria is continuing. When all the phases are completed at Tosyalı Algerie, the production capacity will reach 8.5 million mt …
According to the General Authority for Statistics, the average price of a ton of rebar in the Saudi Arabia 3703.45 riyals in June 2021, up 10.5% compared to May 2021, which amounted to 3351.19 riyals, and an increase of 43.8% compared to the price of June in 2020, which amounted to 2574.4 riyals. As for the …
Average prices of steel and cement in Saudi Arabia in June 2021 Read More »