The value of Saudi Arabia’s oil exports dropped by 65% year-on-year in May, or a fall of nearly $12 billion, official data showed on Thursday. Compared with April, total exports – including non-oil exports of goods such as chemicals and plastics – decreased by 1.6%, or about $160 million, the General Authority for Statistics said. …
Saudi oil exports down by nearly $12 billion in May Read More »
The average prices of construction materials in Saudi Arabia recorded varying heights in the first half of 2020, as the rise rates ranged between 0.2% to 4.2%. According to the monitoring unit of the reports in the “Al-Iqtisadiya” newspaper, which was based on official data, “Steel” came the most expensive construction commodity, as its average …
Saudi Arabia : Steel, the highest rise in construction materials prices in H1 2020 Read More »
In the first five months of this year, Turkey saw insufficient global long steel demand amid the pandemic, in addition to more competitiveness offers from other suppliers, have hindered export sales. As Turkey exported only 39,728 tonnes in May, reducing trade by 30.7% month-on-month and 48% year-on-year, according to the Turkish Statistical Institute (TUIK). North …
Only North Africa interested in Turkish billet in May Read More »
Dubai has announced a new package worth 1.5 billion dirhams ($408 million) to help the economy cope with the effects of the coronavirus pandemic, the crown prince of the emirate, Hamdan Bin Mohammed Al-Maktoum, said on Twitter on Saturday. The package is the third announced by Dubai, the second-largest and second-wealthiest member of the United …
Dubai announces new coronavirus economic support worth over $400 million Read More »
On July 21, the Gulf Cooperation Council Technical Secretariat (TSAIP) will hold a public hearing on imposing import safeguards on flat products, long products, angles, and pipes. It is noted that the investigation was opened in October last year. Steel industry members from the Gulf Cooperation Council countries are invited to participate. As the steel …
The board of directors of the Moroccan Steel Company (Maghreb Steel) decided in the meeting held on 11 June 2020 to appoint Mr. Mohamed Yahya Zniber as the acting chairman of the board in accordance with the provisions of Article 66 of Law 17-95. Successor to Mr. Fadel Al-Sakkat, may God have mercy on him, …
Mr. Mohamed Yahya Zneiber is new chairman of Maghreb Steel Read More »
Steel industry in the UAE as well as in other countries worldwide has been affected negatively by the COVID‑19 outbreak. Moreover, most of UAE’s big projects have passed the active consuming period, which led to low construction activity. According to the latest made-public figures by BNC Network, the total value of given projects plummeted by …
UAE flat product market faces challenges no less than long steel business Read More »
Dr Taha Mattar was appointed as Chairman of Tebbin Institute for Metallurgical Studies (TIMS). Dr Mattar has been a Professor of Steel and Ferroalloys for the Central Metallurgical Research and Development Institute (CMRDI) since 2010. Ex-Chairman for Central Metallurgical R&D Institute (CMRDI) in Egypt; 27th Dec. 2018, Member of Managing Board, Egyptian Company of Ferroalloys. …
Dr. Taha Mattar Chairman of Tebbin Institute of Metallurgical Studies Egypt Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.1 million tonnes (Mt) in March 2020, a 6.0% decrease compared to March 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional associations, which may be revised with …
World crude steel production decreased by 6% in March Read More »
Tosyali Algérie (Tosyali) utilizing MIDREX® Technology, in only its second full year of operation, produced more than 2.23 million tons of direct reduced iron (DRI) in 2020, which is a world record for a single direct reduction module. The 2.5 million tons per year (t/y) DRI plant began using hot DRI (HDRI) at the electric …
Tosyali Algérie sets world production record for a single direct reduction module Read More »
The Governor of Hadramaut, Major General Faraj Salmin Al-Bahsni, inaugurated the trial run the Al-Mukalla Iron and Steel Factory ( MISC ) in Al-Rayyan Region, Al-Mukalla. The governor briefed on the progress of work at the factory, which is the largest industrial company in the iron and steel industry in Yemen, equipped with the best …
George Matta, Chairman of the Economic Committee of the Arab Iron and Steel Union and chief marketing officer in for Ezz Steel, said that steel consumption in the Middle East and North Africa area is expected to reach 40 million tons in 2019 ,With a decrease of 7% compared to 2018, which reached 43 million tons due to the …
Chairman of the Economic Committee of ِAISU : Steel consumption reaches 40 million tons Read More »
The Chairman of the Board of Directors of the Arab Iron and Steel Union, Awwad Al-Khalidi, called on Arab governments to provide more support “to protect this strategic industry.” In a speech during the 14th Arab Steel Summit hosted by Tunisia, Al-Khalidi stressed the need to strengthen Arab cooperation in the field of iron and …
George Matta, head of the Economic Committee of the Arab Steel Union and head of the marketing sector at Ezz Group, confirmed that Egypt is the largest producer and consumer of steel in the Arab region and North Africa, and that it leads economic growth in the Arab region, noting that the growth rate reached …
Economic Committee of AISU : Government measures helped reduce Arab steel stocks Read More »
Today, the annual conference of the Arab Iron and Steel Union (the 14th Arab Steel Summit) was concluded in Tunis. 250 participants from Arab and foreign steel companies, including rebar producers, flat and steel pipe producers, technology equipment suppliers, consultants, analysts, and major investors, participated in this conference. In addition to the presence of some …
Arab Iron and Steel Union concluded the second meeting of the Economic Committee in Casablanca – Morocco, which was held during the period from 14 to 15 October. During the meeting, they reviewed and examined the economic situation in the Arab countries and the most important decisions that affected the steel industry in the Arab …
Arab Iron and Steel Union will hold the second meeting of the Union Economic Committee in Casablanca, Morocco from 14-15 October 2019. This Economic Committee is one of the most important committees of the Arab Iron and Steel Union, which aims to study the situation of the iron and steel industry and its implications for …
Arab Iron and Steel Union holds the Second Economic Committee meeting in Casablanca Read More »
The Middle East and North Africa region is expected to witness modest growth rates, averaging between 1.5% and 3.5% during the period from 2019 to 2021, compared to 1.6% in 2018. Over the past years, the countries of the region have witnessed large inflation rates as a result of economic reforms, reducing government subsidies on …
Summary of the first report The Economic Committee of the Arab Iron and Steel Union Read More »
The first meeting of the Economic Committee of Arab Iron and Steel Union was held in Cairo on 20 February. The meeting was attended by 12 members from 9 Arab countries: Egypt, Algeria, Kuwait, UAE, Saudi Arabia, Jordan, Libya, Tunisia, Morocco. The Economic Commission is one of the most important committees of Arab Iron and …
First Economic Committee Meeting of the Arab Iron and Steel Union in Egypt Read More »
Arab Iron and Steel Union held the 13th Arab Steel Summit in Amman, Jordan, the first meeting of the Economic Committee. During the meeting, Mr. George Matta, Chief Marketing Officer of the Ezz Steel Group, was elected as Chairman of the Economic Committee, and Mr. Hassan El Melagy, Commercial Director of Coordination and Development, , Vice Chairman …
George Matta is Chairman of the Economic Committee of Arab Iron and Steel Union Read More »
The work of the annual conference of the Arab Iron and Steel Union (the 13th Arab Steel Summit) was concluded today under the title “The Arab Steel Industry Beyond 2020” in Amman, Jordan. 220 participants from Arab and foreign steel companies, including rebar producers, flat plate and steel pipe producers, participated in this conference. technology …
The Arab Steel Summit, which was held this year in the Jordanian capital, Amman, is of particular importance, as it coincides with the growing challenges facing this strategic industry in the Arab countries. Iron and steel by 25%, followed by many countries in the world taking retaliatory or preventive measures, such as the European Union, …
150 million tons of global surplus… and a committee to create an energy database The participants in the Arab Steel Summit, which was held in the Jordanian capital, Amman, warned of the protection risks imposed by some major countries on iron imports. They stressed during the activities of the second day of the summit that …
Arab Steel Summit stresses the necessity of being present in international markets Read More »
The Arab Iron and Steel Union honored Eng. Ahmed Ezz after he was chosen as the “Arab Iron and Steel Industry Man of the Year 2017. The reasons for awarding the award, announced by the Secretary-General of the Union during the opening session of the Arab Steel Summit held in Amman yesterday, in the presence …
Arab Iron and Steel Union awards the Arab Steel Industry Man Award to Eng. Ahmed Ezz Read More »
The Ambassador of the United Arab Emirates to the Hashemite Kingdom of Jordan, His Excellency Matar Saif Al Shamsi, participated in the Jordanian capital, Amman, with the opening of the 13th Arab Steel Summit, where the activities of the first day of the 13th Arab Steel Summit kicked off in the Jordanian capital, Amman, yesterday, …
The activities of the first day of the Arab Steel Summit kicked off today in the Jordanian capital, Amman, in the presence of major Arab companies working in the steel industry. The summit witnessed the first official appearance of businessman Ahmed Ezz, head of the Ezz Steel Group, several years ago, where he was honored …
Fears of a “trade war” dominate the “ِArab steel summit” in Amman Read More »
The 13th session of the Arab Steel Summit, organized by the Arab Iron and Steel Union under the title “Arab Steel Industry Beyond 2020”, was inaugurated today in the Jordanian capital, Amman, and diamond sponsorship from the National Iron and Steel Committee of the Council of Saudi Chambers, with the participation of major iron makers …
The opening of the 13th Arab Steel Summit in Jordan Read More »
The Arab Steel Summit 2017 was concluded in Casablanca, Kingdom of Morocco under the auspices of the Ministry of Industry, Investment, Trade and Digital Economy. The Arab iron and steel producing companies have also contacted international companies with modern technologies working in this field in order to control the cost of production, and this is …
Arab Iron and Steel Union calls for the protection of the national steel industry Read More »
The Chairman of the Board of Directors of the Arab Iron and Steel Union, Awwad Al-Khalidi, stressed on Thursday the importance of supporting the national industry in order to provide job opportunities for youth and achieve development. Al-Khalidi, who also heads the United Company for the Kuwait Steel Industry (Kuwait Steel), explained that “supporting the …
