In a move that reflects the efforts of the Hamriyah Free Zone Authority in the Emirate of Sharjah to enhance its growing position as a preferred regional and global destination for quality investments and iron and steel companies in particular, Ikigai Steel Company announced that it is taking the free zone as the center of […]
Ikigai Steel sets up 548,000 sq. ft. factory in Hamriyah Free Zone Read More »
Jordan Steel Company announced rebar prices for January 2024, unchanged from the prices of December. The prices for Grade 60 EXW, between 432 and 440 dinars per tonne, excluding sales tax. However, with sales tax, it is between 515 and about 525 dinars per tonne. Grade Price without tax Price with tax Sales /
Jordan Steel announces rebar prices for January 2024 Read More »
Iraq laid the foundation stone for the construction of a new residential city project on the borders of Baghdad, with a budget of $2 billion. Two Chinese companies began construction of 30,000 housing units. The project comes within a plan to build five cities throughout Iraq. Contracts for four more cities are expected to be
Iraq awards contracts for the construction of a new residential city worth $2 billion Read More »
The losses of Al-Yamamah Steel Industries Company – Al-Yamama Steel -, which works in the manufacture of metal products to serve the construction, electricity and communications sectors, rose to 130.1 million riyals by the end of the year ending in September 2023, compared to losses of 26.7 million riyals achieved during the same period in
The UAE rebar market is expected to witness a rise in rebar prices, supported by rising demand and an upward trend in raw materials. As the largest local steel producer clarified its price policy for the month of January, the prices of rebar for the month of January will be as follows: 2,689 UAE dirhams/ton
Rebar prices in the UAE rise by 92 dirhams in January Read More »
Condolence In the name of God, the most gracious, the most merciful His Excellency Mr. Awaad Al-Khalidi Chairman of Kuwait Steel Company Chairman of the Board of Directors of the Arab Iron and Steel Union It is with great sadness and sadness that we received the news of the death of the late His Excellency
Sonasid Group, the leading national steel company, has obtained the International Environmental Product Declaration (EPD) certificate for its long steel products (rebar and wire rod), thus becoming the first producer of long steel products in Morocco to obtain this certificate. “A certificate confirms the group’s position as a leading African company in the production of
Morocco: Sonasid obtains EPD certification for long steel products Read More »
Khaled Al-Mudaifer, Deputy Minister of Industry and Mineral Resources for Mining Affairs in the Kingdom of Saudi Arabia, said that iron in the Kingdom is witnessing a very large increase in demand due to the major projects the Kingdom is witnessing with a value of more than 5 trillion riyals, indicating that the demand for
Saudi Arabia: A significant increase in iron demand Read More »
Liberty Steel, a global steel producer, signed a memorandum of understanding with Abu Dhabi Ports Group to develop solutions to import high-quality magnetite iron ore from Australia to the United Arab Emirates. The agreement would play an important role in decarbonising international iron and steel production by combining Liberty’s access to 4 billion tonnes of
UAE: Research on green steel production in Khalifa Industrial City Read More »
Osama Amir Fadl, Assistant Undersecretary of the Ministry of Industry and Advanced Technology for the Industrial Accelerators Sector, confirmed that the Ministry launched, during the COP28 Conference of the Parties, a road map for decarbonization in the industrial sector, with the aim of reducing emissions in the sector by 93% by 2050, which would remove
UAE launches a road map to decarbonize the sector by 93% by 2050 Read More »
Jordan Steel Company announced rebar prices for December, unchanged from the prices of November. The prices for Grade 60 EXW, between 432 and 440 dinars per tonne, excluding sales tax. However, with sales tax, it is between 515 and about 525 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes
Jordan Steel announces rebar prices for December 2023 Read More »
Voting results on Tuesday showed that Riyadh won the right to host the World Expo 2030, in another diplomatic victory for a Gulf country after Qatar hosted the FIFA World Cup last year. The cities of Busan in South Korea and Rome in Italy competed with Riyadh to host the World Expo, which is held
Saudi Arabia wins hosting of Expo 2030 World Exhibition Read More »
Contributing to the UAE’s Net Zero by 2050 strategic initiative, Emirates Steel Arkan (ESA), one of the largest publicly traded steel and building materials manufacturers in the region, announced its strategic collaboration with renowned climate consulting firm A³&Co.® to drive an innovative decarbonization initiative across its Al Ain Cement Factory. The partnership, announced ahead of
At a time when the General Authority for Roads and Land Transport is studying the completion of bids for the tender work of study, design and preparation of documents for the railway project in its first phase, a government report stated that the tender No. (1 AH I/I) for the project of study work, detailed
5% of Kuwait’s share of the Gulf Railway, with a length of 111 km Read More »
The foundation stone was laid yesterday in the Special Economic Zone in Duqm for an integrated factory project to produce green iron from hydrogen, with investments exceeding $3 billion (one billion and 158 million Omani riyals), to serve as a new start for industrial development in the Sultanate of Oman. The project implemented by Folken
Emirates Steel Arkan Group announced its broad participation in the work of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). In line with the UAE’s strategic initiative to achieve climate neutrality, by 2050. Its goals are to combat climate change, reduce carbon emissions, and limit global warming. As
Emirates Steel Arkan showcases its solutions to reduce carbon at (COP28) Read More »
Deputy Minister of Industry and Mineral Resources for Mining Affairs, Engineer Khalid bin Saleh Al-Mudaifer, confirmed that the mining strategy in the Kingdom of Saudi Arabia will enhance the increase in demand for steel in the Kingdom during the next ten years. This came during his participation in the activities of the Arab Mining Conference
Saudi Arabia mining strategy boosts steel demand for the next ten years Read More »
Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, has partnered with Emirates Steel Arkan, (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, to develop an innovative green hydrogen project to decarbonize the hard-to-abate steel sector in the UAE. The
Emirates Steel Arkan Group is hosting the 26th session of the Middle East Iron and Steel Conference, which will be held on November 20-22 in Dubai. During this event, the group will showcase its efforts in sustainable manufacturing, which supports the UAE’s climate neutrality strategy. This event brings together many senior decision makers to discuss
Emirates Steel Arkan hosts a conference on the sustainability of the steel industry Read More »
According to the General Authority for Statistics, the average price of a ton of rebar in the Kingdom of Saudi Arabia in October 2023 ranged between 2,678.39 and 4,032.55 Saudi riyals, with an increase of between 0.46% and 1.14%, with the exception of 6 mm rebar, with a decrease of 1.37% compared to September 2023
Average rebar prices in the Kingdom of Saudi Arabia Read More »
Jordan Steel Company announced rebar prices for November, unchanged from the prices of October, the prices for Grade 60 EXW, between 432 and 440 dinars per tonne, excluding sales tax. However, with sales tax, it is between 515 and about 525 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes
Rebar prices in Jordan in November 2023 Read More »
Dr. Sultan bin Ahmed Al Jaber stressed that the UAE’s hosting of this conference, which will be the largest international conference hosted by the country, and the most important global conference focused on addressing the repercussions of climate change, is a source of pride and pride for all citizens and residents, and a historical milestone
Sultan Al Jaber: 160 heads of state and government participate in “COP28” Read More »
Saudi Pipe Company won contracts to supply steel pipes for oil and gas to Tenares Global Service in Uruguay, worth 105 million Saudi riyals. The company said in a statement to Tadawul Saudi Arabia, today, Wednesday, that the contracts were awarded and signed on November 8 for a period of 8 months. The financial impact
The Central Agency for Public Tenders authorized the General Authority for Roads and Land Transport to complete bids for the detailed study and design project agreement, and to prepare documents for the first-stage railway tender, after the Authority opened the 9 bids submitted for the tender. Authority sources pointed out that completing the agreement’s bids
The Saudi Basic Industries Corporation (SABIC), one of the largest petrochemical companies in the world, announced on Thursday that it had recorded a decline of about 17 percent in third-quarter revenues and a net loss. SABIC said in a disclosure that it recorded a net loss of 2.88 billion riyals ($768 million) during the three
Saudi Arabia: “Hadeed” allocations cost “SABIC” 2.88 billion riyals Read More »
Saeed Ghumran Al Rumaithi, CEO of Emirates Steel Arkan, stressed the company’s strong financial solvency, noting that the volume of its cash liquidity amounts to about 300 million dirhams. Al Rumaithi revealed, in a statement to CNBC, that the company had written off about 61% of its debt portfolio, bringing it down to about 420
CEO of Emirates Steel Arkan: 300 million dirhams, the size of the company’s cash flow Read More »
CEO of Riyadh Steel Company, Ahmed bin Abdulkarim Al-Nafi, said that the company has a plan to establish a new factory near the city of Riyadh, which will allow it to expand and diversify the types of products offered to customers. In an interview with Arqaam, Al-Nafi pointed out that regional iron consumption is expected
The profits of Al-Jazeera Steel Company, which operates in the iron pipe industry, rose to 2.41 million Omani riyals (19 baisa/share) by the end of the first nine months of 2023, compared to profits of 2.18 million riyals achieved in the same period in 2022, as the following table shows: Income List Period September 2022
Al Jazeera Steel’s profits increased by 11% during January – September 2023 Read More »
Oman and Etihad Rail Company, the developer and operator of the railway network linking the Sultanate of Oman and the UAE, signed a memorandum of understanding with Emirates Steel Arkan , the largest iron and building materials Production Company in the UAE, to export raw materials from the Sultanate of Oman to the UAE. Under
An agreement between Oman, Etihad Rail and Emirates Steel Arkan to transport limestone Read More »
Emirates Steel Arkan , one of the largest publicly traded steel and building materials manufacturers in the region, announced that it has become a member of “ResponsibleSteel” under the business category. ResponsibleSteel is a global not-for-profit multistakeholder standard and certification initiative that serves as a driving force in the socially and environmentally responsible production of
Emirates Steel Arkan becomes member of multi-stakeholder ‘ResponsibleSteel’ organization Read More »