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. …
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 …
Finalization of the development of the Delta Steel Plant by mid 2022 Read More »
Once again, Tosyali Algeria exports its products to the United States. The export process started on February 1 with a capacity of 18,000 tons of rebar from Mostaganem port and 9,000 tons of the same product from the port of Oran. To the ports of Houston and the Everglades. Tosyali Algeria is proud of being …
Tosyali Algeria exports rebar to the United States again Read More »
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 …
Hadisolb’s loss narrows to EGP 437m in H1-20/21 initial results Read More »
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 …
Sulb and Sms Digital Join Forces In Optimizing Energy Read More »
Despite some signs of improvement in the demand and price situation, seen in H2, Saudi Iron & Steel Company (Hadeed SABIC), the key local steelmaker, was unable to reverse the negative trend in operational and financial figures. Like most GCC steel producers, The company recorded results in 2020 less than in 2019 due to the …
Hadeed SABIC posts weak results in 2020 due to Coronavirus Read More »
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 …
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. …
Morocco slightly increases import quotas for rebar, maintains those for wire rod in 2021 Read More »
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 …
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, …
Tosyali Algeria exports its steel products to a new African country Read More »
The average price of iron in Saudi Arabia recorded an increase of about 8% in the year 2020, equivalent to 2793.90 riyals, compared to the average price of 2585.80 riyals in 2019. The average cement bag also increased 5.1% in 2020, recording a level of 13.80 riyals for a bag weighing 50 kg, compared to …
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 …
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.
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 …
Algeria: Ghar-Djebilet iron deposit mining project launched in January Read More »
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 …
Abdulrahman Ali Al-Abdulla is the new Managing Director and CEO of Qatar Steel Read More »
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 …
CEO of Emirates Steel commends ADU success at world steel competition Read More »
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 …
Egyptian Iron and Steel approves land valuation at EGP 1.23bn to settle debt Read More »
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 …
Syria Syria Company for Metal Industries Phone: +963 11 232 39 19 Fax: +963 11 231 88 75 E-mail: [email protected] Website: www.smi-sy.com
On January 6, a new shipment of coal, used in the iron and steel industry, is arriving at El Hadjar complex with an estimated amount of 30 thousand tonnes. The import decision came after El Hadjar stopped production at the beginning of December, in addition to the fact that the existing quantity will expire in …
Importing a new shipment of coal to El Hadjar Complex in January Read More »
The Gulf Cooperation Council (GCC) construction industry is as the other industries worldwide that have faced some crisis this year. The economic shocks of Covid-19 and falling oil prices left the demand for building materials such as rebar weak for most of the year. Around 550 projects worth over $ 60 billion are known to …
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 – …
Egyptian Iron and Steel Company approves bidding for selling scrap items Read More »
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 …
SABIC highlights its post-Covid-19 steel business strategy Read More »
Imports of Moroccan companies operating in the field of exploiting scrap iron and steel and other types of converted metals, which are used in the steel and iron industry, have increased significantly during the last two years. Data issued by the Exchange Office revealed that Moroccan companies imported about 720 thousand tons of scrap iron, …
Morocco’s imports of steel and metal scrap has increased Read More »
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). …
Saudi Arabia : Hadeed Sabic hikes rebar and wire rod prices Read More »
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 …
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 …
“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 …
“Tosyali Algeria” exports 8 thousand tonnes of iron to Romania and Italy Read More »
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 …
KSA has 41 steel factories with 18m tonnes capacity Read More »
