His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the State, Deputy Prime Minister, and Minister of the Presidential Court, witnessed the celebration of the 17th edition of the Middle East Railway Conference and Exhibition 2023 in Abu Dhabi. His Highness said that the wise leadership of the UAE pays special attention to […]
Mansour bin Zayed : Railways support the economy, investment Read More »
The Arab Iron and Steel Union held the meetings of the Board of Directors No. 126 and the General Assembly No. 56 in Dubai, United Arab Emirates, at the Intercontinental Dubai Festival Hotel, on the 14th and 15th of May, at the kind invitation of the Emirates Steel Arkan Company, in the presence of representatives
The conclusion of the work of the Board of Directors and the General Assembly of ِAISU Read More »
Within the framework of the goals of the Arab Iron and Steel Union, interest in human development and raising the administrative, organizational and technological skills of engineers and technicians in the field of iron and steel. Calculation of roller lanes The training course deals with the following topics: Reheating ovens and their defects and how
PTI has received an order from Qatar Steel to supply SwingDoorTM equipment for the development of the company’s electric furnace. The new SwingDoorTM technology will help improve slag foam control by keeping the slag door closed for almost the entire heating period. And the slag door will only be opened for annealing temperature sampling and
Qatar Steel develops the SwingDoorTM electric oven in cooperation with INTECO PTI Read More »
Trade ministers of the Gulf Cooperation Council state, during their 64th meeting held today in Muscat, Sultanate of Oman, will discuss several topics on the agenda. Most notably, the developments in the negotiations of free trade agreements with countries and international blocs, discussing the challenges of intra-trade between the GCC countries, the work of the
Gulf meeting discusses free trade agreements with international blocs Read More »
Emirates Steel Arkan announced growth in its revenues and profits during the first quarter of 2023. Net profit amounted to 152.2 million dirhams, compared to 72.6 million dirhams for the same period in 2022, an increase of 110%. Several factors contributed to achieving the upbeat performance for the first quarter of 2023, including the increase
Emirates Steel Arkan doubled its profits during the first quarter of 2023 Read More »
Jordan Steel Company announced the rebar steel prices for May for 60-gauge steel on the factory grounds, loading the back of the car between 450 and 465 dinars per tonne without sales tax and with tax between 520 and about 540 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes Sales
Jordan Steel announces rebar prices for May 2023 Read More »
The Saudi Ministry of Commerce said it had issued 17 licenses to export steel from the beginning of this year until the end of April (4 months). The ministry stated the total number of licenses issued since the steel export allowance amounted to 189, according to Al Eqtisadiah newspaper. The ministry pointed out that the
Saudi Arabia: 17 licenses to export steel within 4 months Read More »
The International Monetary Fund expected the annual real GDP growth of the Gulf countries to grow by 2.9 per cent in 2023 and to 3.3 per cent in 2024. During a conference to launch the Regional Economic Outlook report for the Middle East and Central Asia for May 2023, the Fund stated that the Gulf
Monetary Fund: Gulf economy may grow by 3.3% in 2024 Read More »
On Thursday, the Minister of Industry and Pharmaceutical Production, Ali Aoun, stressed the need to control the modern iron and steel industry technologies and change management patterns in this field. During his work and inspection visit to his sector in Annaba province, accompanied by the Minister of Labour, Employment and Social Security, Faisal bin Taleb,
Domestic prices in Kuwait remained unchanged for May, the third month in a row, and the country’s sole manufacturer of rebar offers its May supply at KD205/tonne ($666/tonne) EXW. Prices are indicated without 5% Value Added Tax in Kuwait. Kuwaiti dinar = 3.27 US dollars1
Steel rebar prices in Kuwait remained unchanged for the third month in a row Read More »
Saudi Arabia is heading to establish the most substantial integrated steel plate manufacturing Complex in Saudi Arabia, after Saudi Aramco, the global company in the field of energy and chemicals, and Baoshan Iron and Steel Co., Ltd. (Baosteel), the Chinese steel conglomerate, and the Public Investment Fund, announced Signing a shareholder agreement to implement the
Sider El Hadjar Company, affiliated to Sider Group, affiliated to Imetal Group, announced that the Company exported a shipment of first-quality steel coils estimated at 10,000 tonnes through Annaba port to Italy. It also previously announced an export of 380 tonnes of BBLC flat steel coils to Tunisia, and they were transported by land via
Algeria: Sider El Hadjar exports 10,000 tonnes of steel coils to Italy Read More »
Board of Directors Chairman, “Dr Mohamed Abdul Malik El-Faqih”, received His Excellency the Minister of Labour and Rehabilitation, Engineer “Ali Al Abed Al-Reda” at the headquarters of the Libyan Iron and Steel Company, as part of the joint preparations for the celebration of Labour Day celebration, the first of May, which will be an official
The Minister of Labour and Rehabilitation visits the Libyan Iron and Steel Company Read More »
Emirates Steel Arkan said it had not reached any agreement regarding any possible acquisition deal in response to press reports that circulated during the past 48 hours. It stated that the discussions related to the acquisition deal mentioned in the media are still in very early stages, stressing that it will announce any material information
Bloomberg news agency reported that Emirates Arkan Steel Company is studying the possibility of investing in ThyssenKrupp Steel Works and may make a formal offer in the coming months. The agency quoted sources familiar with the matter as saying that one of the options offered is the acquisition of a minority stake in ThyssenKrupp Steel
Emirates Steel Arkan is considering buying a stake in ThyssenKrupp Steel Read More »
After four months of price hikes, Emirates Arkan Steel announced rebar prices for May at AED 2,541 per tonne (US$692 per tonne) CPT Abu Dhabi and AED 2,549 per tonne (US$694 per tonne) CPT Dubai. As prices rolled back to March levels and decreased from April by 129 dirhams per tonne ($35 per tonne), owing
Emirates Steel Arkan announces a descend in rebar prices in May Read More »
Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and President-designate of the «COP28», concluded a two-day visit to the People’s Republic of China. H.E. held a series of meetings with Ding Xuexiang, the First vice Premier of the People’s Republic of China. Zhao Chenxin, Vice Chairman of the National Development and
An Emirati-Chinese understanding to achieve climate qualitative progress during COP 28 Read More »
Rebar prices in Jordan have stabilized during April, without any changes from March prices, as rebar selling prices per tonne, grade 60, range between 465 and 485 dinars per tonne, without sales tax and between 555 and 575 dinars per tonne with tax. Grade Price without tax Price with tax Sales / tonnes Sales /
Rebar prices in Jordan for April 2023 Read More »
According to the General Authority for Statistics, rebar steel average prices a tonne in the Kingdom of Saudi Arabia in March 2023 ranged between 2900.96 – 4147.23 Saudi riyals, with a decrease between -0.36% – 1.46% compared to February 2023 and a decrease between -5.82% – 22.42% compared to March 2022. Average prices and the
Rebar prices decreased in the Kingdom of Saudi Arabia in March 2023 Read More »
During the first quarter of this year, Algerian Qatari Steel exported 320,000 tonnes of its products (building steel, wire coils and slabs), at nearly $200 million, to various international markets. The Algerian-Qatari steel company’s export activities have developed significantly during the current year, which enabled it to win the bet that its products would reach
The General Company for Iron and Steel, one of the Ministry of Industry and Minerals formations in Basra Governorate in Iraq, announced the commencement of the installation work for the steel plant equipment and its engineering services. Abbas Hayal, the Company general manager, said in a statement that the Company has begun the process of
The International Monetary Fund has slightly lowered its global growth forecast for 2023 as the pace of interest rate hikes slows, but warned that severe financial system disruptions could drive output to near-stagnation levels. The fund stated in its latest report on global economic prospects that the risks of spreading infection in the banking system
IMF forecasts for the economies of Arab countries for the year 2023 Read More »
Emirates Global Aluminum announced its collaboration with Australia’s HILT CRC to advance research in the alumina refining process decarbonisation. Australia’s HILT CRC is a collaborative research centre that brings together industry, researchers, and government to deliver technological innovations for the decarbonisation of steel, iron, alumina, and cement industries. Australia is the world’s second-largest alumina producer
UAE is collaborating with Australia to promote decarbonisation research Read More »
The Public Authority for Special Economic Zones and Free Zones signed a memorandum of understanding with the Japanese companies -Kobe Steel- and -Mitsui and Partners Ltd to establish a reduced iron plant in the Special Economic Zone at Duqm with a production capacity estimated at 5 million tonnes of reduced iron annually. Likewise, the two
Although the rebar market typically slows down during the month of Ramadan, prices in the UAE are on the rise due to the high demand. As “Emirates Steel – Arkan” the group announced rebar steel prices for its authorized distributors in the local market for April at 2,669 dirhams per tonne ($727 per tonne) CPT
Rebar steel prices increased in the UAE in April Read More »
Universal Rolling Company, the only rebar steel company in Bahrain, announced rebar steel prices for April at 255-257 Bahraini dinars/t ($ 676-681/t), EXW for all sizes, unchanged from its last level. Prices are adjusted based on the billet prices trend. The Company’s rebar production capacity is 275,000 tonnes per year, with sizes ranging from 8
Rebar prices stability in Bahrain for April Read More »
The Ministry of Industry and Mineral Resources issued 85 industrial licenses last February, while 80 factories started production operations during the same period, with investments of 4.3 billion riyals. The ministry stated that the investment volume in new licenses amounted to 1.9 billion riyals. Small enterprises acquired most of them by 85.88 per cent, followed
Dubai Customs decided to extend the work to raise the customs duties imposed on rebar and wire rod from 5 to 10% until October 12, 2025. This comes after the department issued a similar decision, dating back to January 20, 2023, extending the increase in customs duties on rebar and wire rod until November 7,
UAE: Extending customs duties on rebar until October 2025 Read More »
According to the daily follow-up of steel prices in Egypt, the prices of rebar ranged between 27,000 EGP – 38,500 EGP , as some companies raised their prices compared to last week. The prices of Ezz Steel amounted to 32,135 EGP , Suez Steel 32,050 EGP , Beshay Steel 38,500 EGP , Elmarakby Steel 34,000
The last update of rebar prices in Egypt is April 03, 2023 Read More »