Arab countries

Algeria: The President and Director General of Imetal complex receives the Ambassador of Ukraine

Within the framework of the strategy of Imetal Iron and Steel Complex, represented in expanding the circle of its relations and developing partnership with foreign institutions active in its field of specialization. Today, Thursday, the President and Director General of the complex, Tariq Bouslama, received the Ambassador of the State of Ukraine in Algeria, Mr. …

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Finalization of the development of the Delta Steel Plant by mid 2022

Hisham Tawfiq, Minister of the Public Business Sector, confirmed that the Delta Steel Factory of the Holding Company for Metal Industries is the oldest factory in Egypt and that the opportunity to develop it was existing, so the Ministry took the development plan due to the feasibility of this, explaining that the development of the …

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Hadisolb’s loss narrows to EGP 437m in H1-20/21 initial results

The financial indicators of the Egyptian Iron and Steel (Hadisolb) showed net losses of EGP 437.05 million in the first half (H1) of fiscal year 2020/2021, down by 8.6% year-on-year (YoY) from EGP 478.18 million. The steel manufacturer’s revenues fell to EGP 555.28 million in the July-December period of 2020, compared to EGP 583.25 million …

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Sulb and Sms Digital Join Forces In Optimizing Energy

A further step towards energy-efficient and low-GHG steel production enabled by digitalization, SULB and SMS digital, a company of SMS group, cooperate with Vetta and Midrex Technologies, Inc. are partners to the project. SULB operates an integrated steelworks in Hidd, Bahrain.  A key asset of the mill is the flexible combi-caster. In 2011, SMS supplied …

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Algeria: Nearing finalization of talks with Chinese companies to exploit the Gara Djebilat mine

The talks with a group Chinese companies for the exploitation of Gara-Djebilet ore deposit (160 km, south east of Tindouf) are nearing “finalization,” the Ministry of Mines in Algeria. The same source explained that “the discussions with a group of Chinese companies are in the final stage and will be signed very soon.” The Minister …

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Morocco slightly increases import quotas for rebar, maintains those for wire rod in 2021

The Moroccan government traditionally made an announcement about the distribution of quotas for long steel imports in 2021. The changes in allocation between companies were not drastic, though some key takers had lower volumes this time. The Ministry of Industry, Trade, Investment and Digital Economy distributed long steel volumes between importers under earlier set quotas. …

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Arab Iron and Steel Union organizes a symposium on preventive maintenance system in Daqahlia Sugar & Refining Company

The Arab Iron and Steel Union organized a symposium on preventive maintenance systems in the Dakahlia Company for the manufacture and refining of sugar, and a group of engineers of the company’s factories participated in this symposium and the symposium dealt with: – The difference between maintenance technology and maintenance management The concept of maintenance …

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Tosyali Algeria exports its steel products to a new African country

Tosyali Algeria started, since January 14, 2021, an export operation of  7,000 tonnes of wire rod from the port of Mostaganem to Mauritania. The products exported from Tosyali Algeria Iron and Steel will reach the port of Nouakchott starting from the  19th of this month. It is worth mentioning that Tosyali products of steel rebar, …

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Liquidation of the Egyptian Iron and Steel Company … and the separation of mines in an independent company

The extraordinary general assembly of the Egyptian Iron and Steel Company, one of the companies and the Ministry of Public Business Sector decided today, Monday, to liquidate the Iron and Steel Company after 67 years of its activity. The association clarified today, Monday, that the reason for the liquidation of the Egyptian Iron and Steel …

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Tosyali Algeria intends to export rebar to United Kingdom

The Iron and Steel Complex “Tosyali Algeria” started, on January 5th, the export of a cargo of 7,000 tonnes of rebar from Mostaganem port towards the Northern Fleet in the United Kingdom. This export is part of a series of exports of Algerian steel products , started by Tosyali Algeria in 2019.

Algeria: Ghar-Djebilet iron deposit mining project launched in January 

The mining project of Ghar-Djebilet (Tindouf) iron deposit, will be launched in January, the Minister of Mines in Algeria , Mohamed Arkab said on Tuesday, 05 January 2021, specifying that negotiations are underway with a foreign partner for the construction of a complex, producing 12 million tonnes/year. “The first major project to come to fruition …

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Abdulrahman Ali Al-Abdulla is the new Managing Director and CEO of Qatar Steel

Mr. Abdulrahman Ali Al-Abdulla is appointed in October 2020, by HE Minister of State for Energy Affairs, Chairman, and Managing Director of Industries Qatar (IQ) as the new Managing Director & CEO of Qatar Steel starting from Jan 1, 2021. Mr. Al-Abdulla holds a Bachelor degree in Science and Business Administration (major in Marketing) from …

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CEO of Emirates Steel commends ADU success at world steel competition

The CEO of Emirates Steel Company praises the success of Abu Dhabi University in the International Steel Competition. Engineer Saeed Ghumran Al Remeithi, CEO, Emirates Steel has praised the “outstanding performance” of Abu Dhabi University (ADU) during the recent 15th Steel Challenge championship organised by World Steel Association (worldsteel). Two Mechanical Engineering students from ADU …

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Egyptian Iron and Steel approves land valuation at EGP 1.23bn to settle debt

Egyptian Iron and Steel (Hadisolb) approved valuation reports of its land plots as part of a debt settlement process. These lands have been valued based on debt settlement protocols between Egyptian Iron and Steel, Metallurgical Industries Holding Co, Banque Misr, and Petrotrade, the steel manufacturer said in a bourse disclosure on Sunday. The company’s land …

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Sinai Manganese company is leading the steel industry for a new technological revolution for the first time in Egypt and the Arab world

Dr. Jamal Hendawy, CEO of the Sinai Manganese Company of the Holding Company for Chemical Industries, a company of the Ministry of Public Enterprise Sector, revealed that on the morning of Thursday, December 10, 2020, the operation of the Ferro Manganese Alloy Factory actually began, in order to produce silicon manganese alloys for the first …

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Egyptian Iron and Steel Company approves bidding for selling scrap items

The Board of Directors of Egyptian Iron and Steel Company decided to launch a public bid through sealed envelopes, for the sale of scrap items. The company clarified in a statement to the Egyptian Stock Exchange, today, Wednesday, that the scrap items are scrap railway tractors, scrap cars and car bodies, scrap equipment (loaders – …

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SABIC highlights its post-Covid-19 steel business strategy

SABIC highlighted its post-Covid-19 steel business strategy and the challenges in the steel market during its participation at the virtual Middle East Iron and Steel Conference. Addressing the conference, Salah Ahmed Al-Ansari, president of Hadeed, a fully-owned manufacturing affiliate of SABIC, said that the company took extra preventive measures across its facilities to ensure business …

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Saudi Arabia : Hadeed Sabic hikes rebar and wire rod prices

Being supported by the rapid rise in raw materials tags around the world, Saudi Iron and Steel Company (Hadeed SABIC) increased official offers for January long steel products. The ongoing global upward trend will likely trigger another price revision shortly. Hadeed SABIC announced new prices for January longs sales, increasing them by SAR 200/t ($53/t). …

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SIDER EL HADJAR and NAFTAL sign a Memorandum of Understanding for the production of seamless tubes

A Memorandum of Understanding was signed between SIDER EL HADJAR, belonging to the SIDER Group, a subsidiary of the IMETAL Group, and NAFTAL, at the headquarters of the General Management of NAFTAL, located in Chéraga, Algiers. The Memorandum of Understanding covers the construction of 1,100 km of seamless tubes for the transport of LPG between …

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Egyptian Iron and Steel calls for an extraordinary association to approve the division of the company

The Egyptian Iron and Steel Company called for an extraordinary general assembly next January to approve the reasons for dividing the company into two companies. The company said in a statement to the stock exchange today, Monday, that the extraordinary general meeting scheduled for January 11, 2021, will discuss approval of dividing the company horizontally …

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“Tosyali Algeria” exports 8 thousand tonnes of iron to Romania and Italy

“Tosyali Algeria” company in the state of Oran announced that it had exported 8 thousand tonnes  of wire rod to Romania and Italy, according to what we received from the company’s contact cell. Today, these two cargoes were transported as part of the third export operation for this type of product and the ninth for …

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KSA has 41 steel factories with 18m tonnes capacity

Saudi Arabia’s’ National Industrial Development Center said the kingdom has 41 existing factories that produce steel at a capacity of 18 million tonnes. The industrial centre is developing a strategic plan targeting the localisation of new products that support supply chains of some industries such as the oil and gas, and shipbuilding industries, according to a …

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