The prices of building materials, cement and steel reinforcement, witnessed today, Saturday 1-5-2021, stability in the local market for all raw materials, according to the prices announced by the Building Materials Division of the General Federation of Chambers of Commerce. Ahmed Al-Zaini, head of the General Division for Building Materials at the Federation of Chambers …
Emirates Steel, the leading integrated steel producer in the Middle East, organised a ‘Virtual Innovation Week’ event for its employees, customers and suppliers during the first week of March 2021 celebrating innovation across the organisation. This is aligned with the UAE’s efforts to become the most innovative and future-ready nation in the world under the …
Egypt’s exports of iron and steel to the Libyan market witnessed a significant increase of 161% in January – February 2021, to $ 3.508 million, compared to $ 1.346 million in the same period in 2020. According to a report by the Building Materials Council, exports of the iron and steel sector recorded a total …
Egypt’s exports of iron and steel increased by 161% to Libya in Jan.- Feb. 2021 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 210 10 mm Kuwait Ton 210 12 mm Kuwait Ton 210 14 mm Kuwait Ton 210 16 mm Kuwait Ton 210 Domestic Rebar Size Origin …
According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in March 2021 to 3473.72 riyals, up by 27.7% compared to the price of March 2020, which amounted to 2719.7 riyals, and down by -1.1% compared to February 2021, which amounted to 3512.40 riyals. As for …
Average prices of steel and cement in Saudi Arabia in March 2021 Read More »
The Council of Arab Economic Unity held its twelfth special session, chaired by the Hashemite Kingdom of Jordan, the current chair of the session, and in the presence of Ambassador Muhammad al-Rabi`, the current Secretary-General of the Council of Arab Economic Unity, the permanent representatives of the Council’s member states, representatives of the Ministry of …
The Egyptian Ministry of Planning and Economic Development organized a discussion session entitled “The Challenges of Financing Sustainable Development: Before and After the Spread of the Coronavirus Pandemic,” in cooperation with the League of Arab States, on the sidelines of the activities of the Sixth Global Forum on Financing Development 2021, organized by the United …
Emirates Steel announced the start of transshipment operations at its facilities within the framework of the new partnership with the “Seven” group, the marine services arm of Abu Dhabi Ports, according to a 10-year agreement between the two parties, which is the latest addition to the group’s projects in the field of transshipment. The agreement …
Activating the partnership of “Emirates Steel” and “Seven” in the field of recharging Read More »
The Ministry of Industry and Trade of Egypt decided to impose final anti-dumping duties on imports of rolled sticks scheduled to reinforce concrete of origin or exported from the countries of China, Turkey and Tunisia to protect the national economy from the effects resulting from harmful practices in international trade. The Minister of Industry and …
Tosyali Algeria expects exports of $ 700 million of steel products this year, with a growth of 600% compared to 2020. This came, according to what was stated by a member of the board of directors of Tosyali Algeria, Alp Topsyoglu, to the official Algerian news agency. Topsyoglu explained that these exports represent 6 times …
Tosyali Algeria expects exports of $ 700 million in 2021 Read More »
The Algerian Qatari Steel Company celebrated yesterday that it obtained the ISO 9001 Quality Management System Certificate, and recorded a record number related to the passing of one million working hours without any accident being recorded. The Algerian Qatari Steel Company organized, on Monday morning April 05, 2021, at the headquarters of the General Directorate, …
Holding Company for Metallurgical Industries the financial statements of the metallurgical industries companies, affiliated to the holding company, were revealed mineral, for the achievement of exports from many countries of the world, whose values amounted to about 7 billion pounds, during the fiscal year 2019-2020, compared to exports that amounted to about 11 billion pounds …
7 billion pounds exports of the Holding Company for Metallurgical Industries 2019-2020 Read More »
Algeria and China signed a memorandum of understanding to exploit the largest iron mine in the country. The Algerian News Agency reported that a memorandum of understanding was signed between the National Iron and Steel Corporation “Feral” and a consortium of Chinese companies to exploit the iron mine in Gara Djbeilet (Tindouf State), in the …
Algeria and China sign a MOU on the country’s largest iron mine Read More »
State Company for iron and steel, a company of the Ministry of Industry and Minerals, invited the state ministries, especially the Ministry of Oil, to purchase the spiral pipes produced in its pipelines plant with a capacity of (200) thousand tons / year. The general manager of the company, Mr. Abbas Hayal, indicated in a …
State Company for iron and steel calls for the purchase of its products from pipes Read More »
Following a significant decline in local rebar consumption in January this year, in February demand for rebar in Egypt improved noticeably notably, though remaining much lower compared to the same month of 2020 due to the ongoing Covid-19-related restrictions. In February local rebar consumption in Egypt totaled 471,000 mt, increasing by 52.8% month on month. …
Rebar demand in Egypt up in February , but still low Read More »
The Board of Directors of SNIM has approved the appointment of Mr. Mohamed Vall Mohamed TELMIDY as Bord member and CEO of the company. State Engineer, Mr. Mohamed Vall Mohamed TELMIDY, since June 2017, held the position of Sales Director of SNIM, in charge of the Company’s sales and marketing policy. Mr. Mohamed Vall Mohamed …
Mr. Mohamed Vall Mohamed TELMIDY appointed Board member and CEO of SNIM Read More »
The Standard Chartered Company, which specializes in financial and banking services, issued a report highlighting the economic outlook in the Middle East region during the year 2021, after a difficult year witnessed by world economies following the outbreak of the Coronavirus pandemic. The report reflects expectations of a relatively slow recovery in the Middle East, …
In a preliminary determination the Canada Border Services Agency (CBSA) on Feb. 4 found that steel reinforcing bars from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam were being dumped into the Canadian market. The CBSA established preliminary antidumping duties in the range of roughly 4%-28%. Provisional duties will now be payable on the subject …
The iron and steel company “Tosyali Algeria” has exported 27,000 tons of rebar to the United States of America, according to what was benefited on Monday by the communication cell of the same company. The cargo was shipped as part of the third export of the company’s various products this year, and it included the …
Tosyali Algeria exports 27,000 tons of rebar to the United States Read More »
Emirates Steel, the leading integrated steel plant in the Middle East, announced its plans to add Hot Rolled Coils (HRC) to its wide-range products portfolio so that it can mainly meet the needs of the local and regional markets of the high-quality flat products. This is aligned with the goals of Abu Dhabi Economic Vision …
Emirates steel sets its compass towards steel flat products Read More »
Lebanon is on its way to a gradual recovery of business activity after a long-lasting total lockdown,due to the coronavirus pandemic. Lebanese business entities were allowed to gradually open since February 22. As a result, steel traders resumed their operations, although at a reduced scale. They are not in rush to book huge volumes of …
Lebanon expects recovery in steel market activity Read More »
According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in January 2021 to 3558.07 riyals, an increase of 39% compared to the price of January 2020, which amounted to 2550.2 riyals and an increase of 18% compared to the month of December 2020, which amounted …
Ahmed Al-Zaini, head of the Building Materials Division at the Cairo Chamber of Commerce, expected that rebar prices in the local market in Egypt will remain stable until the end of this month, despite the recent rise of scrap on global stock exchanges. Al-Zaini attributed his expectations to that the steel market suffers from a …
Expectations of stability in rebar prices in Egypt, despite the rise of scrap Read More »
Despite a number of difficulties connected with the spread of COVID-19 and some halts in operations, Libyan Iron and Steel Company (LISCO) managed to increase production in 2020. LISCO ramped up HBI production by 14% year-on-year to 406,000 t in 2020. The growth was not as sharp as during the previous year (69%), but still …
Libyan Iron and Steel Company ramps up output in 2020 despite pandemic Read More »
The extraordinary general assembly of the Metallurgical Industries Holding approved increasing the issued and paid-up capital of the company from 3.2 billion pounds to 3.383 billion pounds, and amending articles 6 and 7 of the articles of association, according to what was published by the Egyptian newspaper Al-Waqae. The excess shares amounted to 183657 shares …
Increase the capital of Metallurgical Industries Holding to 3.38 billion pounds Read More »
The Ministry of Industry, Trade and Investment and the Digital Economy in Morocco announced its decision on a 36,000 t quota distribution among consumers of downstream flat steel products in 2021. Allocation for CRC is 32,400 t, while for coated steel 3,600 t out of the total figure, same as in 2020, according to the …
Morocco distributes duty-free quota for CRC and coated steel importers Read More »
The Algerian-Qatari Steel Company announced that the Direct Reduction Unit has entered the stage of exploitation and this is after the successful completion of the initial and final stages of experiments, in the presence of the President, General Manager of Imetal Complex, Mr. President, General Manager of the Sider Complex, Chairman of the Board of …
The Official Gazette of Egypt published Decision No. 82 of 2021 regarding the continuation of the export duty imposed on lumps and crushed talc at a rate of 1,200 pounds per ton, talcum “powder” by 500 pounds per ton, and super-fine talc powder (50 microns and less) at a value of 300 pounds per ton, …
Egypt: Continuing to impose export duties on some mining materials for a year Read More »
The prices of reinforcing steel in Egypt stabilized today, Saturday 2/13-2021, the prices for the delivery of the factory land for Ezz Steel 13,700 pounds / ton EXW, Beshay steel 13,500 pounds / ton EXW , and Elattal13,450 pounds / ton EXW. Egyptian Steel reached 13,550 pounds / ton, El-komy Steel 13,300 pounds / ton …
Cutting-edge large-diameter pipe mill for Al Gharbia Pipe Company com-pleted through cooperation between SMS group und Larsen & Toubro. One of the world’s most modern mills for longitudinally welded large-diameter pipes has been installed between Abu Dhabi and Dubai. It operates with state-of-the-art digitaliza¬tion, tracking and automation systems for almost fully automated processes – for …
SMS Group : Turnkey project successfully mastered Read More »