State Company for Iron and Steel and Ibn Majid General Company signed a steel plant equipment installation contract in the company. The Director General of State Company for Iron and Steel , Abbas Hayal, explained to the National Iraqi News Agency, based on the Prime Minister’s directives, Eng. Mohammed Shia Al-Sudani. And within the plan […]
It has been arranged to hold the Board of Directors meeting at its 126th regular session and the General Assembly at its 56th session of the Arab Iron and Steel Union in Dubai / United Arab Emirates from 14 to 15 May 2023. The meetings will be held at the InterContinental Dubai Festival City Hotel
According to Dubai Statistics Center data, cement prices in the UAE recorded a growth rate ranging between 7.7% and 15% during 2022. Ready-mix concrete prices rose by about 9.8%, and rebar steel declined by 19%. Salt-resistant cement increased by 7.7%, from 14.53 dirhams per bag of 50 kg to 15.66 dirhams, while the price of
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, Beshay Steel from 29,000 EGP to 38,500 EGP , Elmarakby Steel from 29,500 EGP to 34,000 EGP , Ashry Steel from 29,500 EGP
The last update of rebar prices in Egypt is March 27, 2023 Read More »
The UAE continues to enact policies to protect the national industry by extending the restrictions on exporting scrap for another six months. The Ministry of Economy issued a directive continuing to ban the export of raw materials, under HS codes 720410, 720421, 720429, 720430, 720441, 720449, and 720450, as well as waste paper under 470710
UAE extends the ban on exporting iron scrap until September 2023 Read More »
Dr Mostafa Madbouly, Prime Minister, held, on Wednesday evening, a meeting with officials of the Chinese companies “TEDA” and “Xin Xing” to review a project for cast iron pipes production and a steel plant with investments amounting to $ 2 billion within the “TEDA Cooperation” area within the scope of the economics region of the
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 36,000 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 32,135 Suez Steel 32,050 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 32,050 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 36,000 El
The last update of rebar prices in Egypt is March 20, 2023 Read More »
According to the General Authority for Statistics, the average iron price per tonne in the Kingdom of Saudi Arabia in February 2023 ranged between 2943.91 – 4284.07 Saudi riyals, a decrease between -2.85% – 3.91% compared to January 2023, and a decline between-3.04% – 17.27% compared to February 2022. Average prices and monthly and annual
Average rebar prices in the Kingdom of Saudi Arabia during February 2023 Read More »
Ezz Steel announced the prices of flat steel as of Monday, March 20, 2023 . 34,485 EGY/tonne EXW, including value-added tax. Statement including VAT Flat Steel 34,485
Egypt: Ezz Steel announces flat steel prices for 20 March 2023 Read More »
Stemming from its leading position in the iron and building materials industry, Emirates Steel Arkan hosted internal events to display the Group’s efforts in sustainability, safety, and innovation. More than 500 employees and contractors attended these events, with the participation of more than 20 companies that presented their sustainability initiatives, innovative solutions, and safety equipment.
The Jordan Chamber of Industry, in agreement with the local steel factories, issued a guiding bulletin for the selling prices of locally manufactured reinforcing steel in the Kingdom. According to the bulletin, the selling price of a ton of rebar grade 60 from the factory land and loaded on the back of the car ranges
Rebar prices in Jordan for March 2023 Read More »
Sulb Company in the Kingdom of Bahrain has commissioned the SMS Group to upgrade its 130-tonne capacity Electric Arc Furnace (EAF). The main motive for this project is to increase safety and enhance efficiency and productivity and this will lead to improved quality of products. Production is scheduled to start in 2024. The Bahrain Steel
Sulb Company commissions SMS Group to modernize the Electric Arc Furnace Read More »
Within the framework of the Arab Iron and Steel Union objectives, interest in human development and boosting the administrative, organizational and technological skills of engineers and technicians in the iron and steel field. AISU is training the second group of engineers and technicians at Sulb Company in the Kingdom of Bahrain through the training program
Emirates Steel Arkan signed the climate pledge for the real estate sector, which is affiliated with Aldar Company and the Ministry of Climate Change and Environment. The signing of the pledge came within the ninth meeting of the “National Dialogue on Climate Ambition” series of meetings, which was held under the slogan “Reducing Carbon Rates
Emirates Steel Arkan signs the Climate Pledge for the real estate sector Read More »
The activities of the training course in the field of steel industry technology organized by the Arab Iron and Steel Union at Sulb Company in the Kingdom of Bahrain for a group of technicians were concluded today. The program aims to provide participants with information related to the nature of melting furnaces, the proportions of
Dubai Customs Department extended the work to raise the customs duties it imposed on reinforcing steel and steel coils from 5% to 10% until November 7, 2023. The department increased its customs duties on rebar steel and steel coils as of January 17, 2019, as it increased the percentage of fee tariffs from 5% to
UAE extends raising customs duties on reinforcing steel by 10% instead of 5% Read More »
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 27,000 pounds – 30,000 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 29,285 Suez Steel 29,200 Beshay Steel 29,000 El-Marakiby Steel 29,500 Egyptian Steel 29,200 Ashry Steel 29,500 Garhy Steel 27,000 Misr Steel 27,000 El
The last update of rebar prices in Egypt is March 9, 2023 Read More »
Arab Iron and Steel Union holds the sixth Economic Committee Meeting work in Dubai,United Arab Emirates, from 7-8 March, at the invitation of the Emirates Steel Arkan. Representatives of the following countries attended the Committee meeting, Algeria – Egypt -Kuwait – the United Arab Emirates – Saudi Arabia – Qatar – Bahrain – Tunisia –
Arab Iron and Steel Union holds the Sixth Economic Committee meeting in the UAE Read More »
Today, the training course activities started in the field of steel making technology, organized by the Arab Iron and Steel Union at Bahrain Steel. The program aims to provide the participants with information related to the smelting nature and the rates of materials and interactions that accompany smelting operations. The training course will address the
Training course activities begin “Steel Making Technology” at Sulb Read More »
Sulb in the Kingdom of Bahrain announced that it achieved the highest annual sales of steel products from the medium and heavy sectors, as its sales exceeded more than one million tonnes in 2022. Sulb was also able to register a new production record of 12.875 million tonnes, which is the highest in its history.
Sulb achieved sales of more than one million tonnes of steel sectors in 2022 Read More »
Oman and Etihad Rail Company, the developer and operator of the railway network linking the Sultanate of Oman and the UAE, and Mubadala Investment Company (Mubadala) signed a cooperation agreement to develop the railway network linking Oman and the UAE, which extends over a distance of 303 km, with a total investment value of $3
Accelerate the development of the railway network between the Emirates and Oman Read More »
The financial statements of Misr National Steel Company – Ataqa- revealed an increase in profits by 133.69% on an annual basis. The company stated to the Egyptian Stock Exchange today that it recorded a net profit of EGP 234.72 million in 2022, compared to earnings of EGP 100.44 million in 2021. The company’s sales rose
Egypt National Steel profits rise by 133% in 2022 Read More »
Saudi Basic Industries Company (SABIC) announced the financial results for the fiscal year ending on December 31, 2022. As it recorded profits amounting to 16.5 billion riyals, compared to 23.07 billion riyals for the fiscal year 2021, a decrease of 28.4 per cent. The decrease in net profit during this year compared to the previous
Saudi Arabia: 16.5 billion riyals of “SABIC” profits in 2022 Read More »
According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 24,600 pounds – 28,500 pounds today. rebar prices today are as follows: Company EGP/ton Ezz Steel 26,985 Suez Steel 26,850 Beshay Steel 28,500 El-Marakiby Steel 27,000 Egyptian Steel 26,850 Ashry Steel 26,500 Garhy Steel 27,000 Misr Steel 26,000 El
The last update of rebar prices in Egypt is February 20, 2023 Read More »
Saudi Crown Prince Mohammed bin Salman Al Saud announced the launch of the New Square Development Company to develop the world’s largest modern downtown in the city of Riyadh, in line with the goals of Saudi Vision 2030. The project includes an innovative museum, a university specializing in technology and design, an integrated multi-use theatre,
Saudi Arabia launches the New Square Company to develop “Downtown” in Riyadh Read More »
According to the General Authority for Statistics, the average iron price per tonne in the Kingdom of Saudi Arabia in January 2023 ranged between 3063.65 – 4284.07 Saudi riyals, a decrease between -0.26% – 1.65% compared to December 2022, and a decline between -0.4% – 12.38% compared to January 2022. Average prices and monthly and
Average rebar prices in the Kingdom of Saudi Arabia during January Read More »
The UAE has developed a strategic plan to produce green hydrogen based on renewable energy projects, as part of its plan to acquire a future fuel export market share. In this context, Brooge Energy and Siemens Energy signed a memorandum of understanding to develop a green hydrogen and ammonia project based on solar energy. The
Developing a green hydrogen and ammonia production project in the UAE Read More »
Emirates Steel Arkan (ADX: EMSTEEL) (the “Group”), the largest publicly traded steel and building materials company in the UAE, today announced its net profit rose to AED 508.5 million in 2022, boosted by strong demand from international customers and the steps taken by the Group to enhance operational efficiencies following the merger of Emirates Steel
MINISTRY OF ENERGY AND MINES MINING INDUSTRIAL GROUP – MANADJIM EL DJAZAIR – MANAL SPA 127 Bd Colonel Krim Belkacem Telemly- Algiers Tel: (021) 74.68.33 & (021) 74.16.07 Fax: (021) 71.49.06 Email: dg@groupemanal.dz NOTICE OF OPEN CALL FOR NATIONAL AND INTERNATIONAL EXPRESSION OF INTEREST N° 002 /2023 Process in two (02) phases Subject: Search
Qatar Steel achieved a net profit of QR 888 million in 2022, an increase of 24% compared to last year. The profit improvement was mainly driven by higher revenues, which increased by 10% compared to 2021. In addition, Foulath Holding Company, an associate company that mainly produces and sells iron oxide pellets, reported commendable financial
Qatar Steel achieved a profit of 888 million Qatari riyals in 2022 Read More »