Arab Steel Summit

Middle East

Qatar Steel received its Earthna Qatar Sustainable Construction Materials Certification overseen by CARES

Qatar Steel Company has successfully received Qatar Sustainable Construction Materials Certification (Qatar Sustainability Label – Certificate of Registration (CoR)) with a “Good” rating from CARES and Earthna (Member of Qatar Foundation) after the desktop review audit by fulfilling the certification scheme requirements. Qatar Steel is the first approved company in its sector to achieve this […]

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Rebar prices in Jordan for February 2023

The prices of rebar in Jordan have stabilized during the current month of February, without any change from the prices of January, as the selling price of a ton of rebar , grade 60, ranges between 470 and 485 dinars per tonnes, with sales tax and tax between 546 and about 585 dinars per tonnes.

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Condolences

The General Secretariat of the Arab Iron and Steel Union extends its deepest condolences and sincere sympathy to the Syrian and Turkish people and the families of the earthquake victims that struck the countries, claiming the lives of many injured and missing people and leaving inordinate destruction. Asking the Almighty Allah to inspire their families

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UAE: 5,000 off-plan properties were sold in Dubai in January, with a growth of 90%

The latest data issued by Property Finder revealed significant numbers achieved by the real estate market, which is witnessing a steady boom in Dubai. According to this data, the transactions for January 2023 increased by 128.5% annually after several sales transactions exceeded 9,800, compared to 5,739 in January 2022. The value of transactions recorded a

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Rebar prices in Egypt, February 1, 2023

According to the daily follow-up of rebar prices in Egypt, the prices of rebar ranged between 26,000 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 26,700 El

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Turkey’s steel exports decrease by 17.7% in 2022

News, steel Statistics / user

In 2022, steel exports decreased by 17.7% year-on-year to 19.6 million tonnes, and production decreased by 12.9% year-on-year to 35.1 million tonnes. In the first six months of 2022, Turkey’s steel exports showed an upward trend. However, at the end of last year, it fell due to the impact of the war in Ukraine, inflation,

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The UAE extends duties on reinforcing steel imports until November 7, 2023

Dubai Customs institution has extended the application of customs duties on reinforcing steel and wire coils imports by 10% until November 7, 2023. The decision came in addition to Customs Declaration No. 10/2022, and based on the letter of the Federal Authority for Identity and Nationality, Customs and Ports Security dated January 16, 2023, which

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UAE: Dubai supports the steel and metal trade sectors

The Dubai Chamber of Commerce announced the launch of four new business groups as part of its plans to increase the number of business groups representing economic sectors and activities in the Emirate of Dubai to 100 businesses groups by March 2023, bringing the total number of business groups operating under the umbrella of the

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Phosphate complex in Algeria: Land plot allocation for an electrical centre realization

During its weekly meeting chaired by the Prime Minister, Mr Ayman Ben Abderrahman, the government studied a draft executive decree that includes the allocation of a plot of land belonging to the forest of national property in the wilaya of Souk Ahras destined for the realization of an electric centre within the framework of the

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Abu Dhabi Ports cooperates with Tosyali in shipping and logistics services

Abu Dhabi Ports Group has signed a preliminary agreement with Tosyali, one of the largest private sector steel producers in Turkey, which has extensive operations on three continents. The agreement stipulates setting a framework for the group’s cooperation with Tosyali in a wide range of services that include shipping, logistics, ports and freight forwarder services,

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Average price of rebar in the Kingdom of Saudi Arabia

According to the General Authority for Statistics, the average price of a ton of iron in the Kingdom of Saudi Arabia in December ranged between 3368.63 – 4282.66 Saudi riyals, with up and down between -3.14% – 0.71% compared to November 2022, and a decrease between -10.34% – 0.29% compared to December 2021. Average Prices

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UAE: Reinforcing steel prices increased by 5.3% in January 2023

With the beginning of January 2023, reinforcing steel prices in the UAE increased by 5.3% to reach 2,380 dirhams per tonne, compared to 2,260 dirhams per tonne at the end of 2022. Reinforcing steel prices increased by 1.6% during December and November to reach 2,260 dirhams per tonne, compared to October, which settled at 2,222

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Rebar prices in Jordan for January 2023

News, Prices / user

The Jordan Chamber of Industry, in agreement with the steel mills, issued a guideline for the selling prices of reinforcing steel manufactured locally in the Kingdom. According to the bulletin, the selling price of a ton of rebar , grade 60, ranges between 470 and 485 dinars per tonnes, with sales tax and tax between

Rebar prices in Jordan for January 2023 Read More »

UAE: Masdar signs an agreement with four Dutch companies to build green hydrogen supply chains.

Abu Dhabi Future Energy Company “Masdar” announced, on 13 January 2023, the signing of an agreement with the “Port of Amsterdam”, “Sky NRG”, “Ivos Amsterdam”, and “Zenith Energy”, to explore ways to develop a green hydrogen supply chain between Abu Dhabi and Amsterdam to support needs of the Dutch and European market. The agreement was

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Saudi Arabia: Ma’aden signs new agreements to expand locally and internationally

The Saudi Arabian Mining Company (Ma’aden) has signed a set of agreements aimed at increasing its exploration and mining capabilities inside and outside the Kingdom, according to data sent by the company to the Saudi market. The announcement of these agreements comes in light of Saudi Arabia’s interest in maximizing the utilization of its mineral

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UAE : The real estate sector in Abu Dhabi achieved outstanding performance in 2022

Experts and workers in the real estate sector in Abu Dhabi confirmed that it recorded outstanding performance in 2022. Explaining that the demand for buying and owning real estate in 2022 has increased significantly. Thanks to the vision of the wise leadership, initiatives and economic packages, and golden residency granting, along with the confidence of

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International Mining Conference .. Saudi Arabia contributes to the development of the mining region

The Saudi capital, Riyadh, will host an international mining conference with the participation of more than 200 speakers from different countries of the world. It will be held under the auspices of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz. The conference will discuss several topics in the mining sector, including global

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UAE: A new industrial complex for the production of cold and hot rolled with a capacity of 500,000 mt

Khalifa Economic Zones Abu Dhabi – Kizad Group signed a preliminary agreement with Dana Steel Company, the leading manufacturing unit within the Dana Industrial Group, to establish the first industrial complex for the production of cold and hot rolled steel, in the Emirate of Abu Dhabi. Under the terms of the agreement, Dana Steel will

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Buildings and construction market trends in the GCC countries will reach $5.4 billion in 2027

A recent report was published on the size of the structural steel and prefabricated buildings market in the GCC countries, in which it indicated that the size of the prefabricated buildings and structural steel market in the GCC countries would reach USD 3.8 billion in 2021. The structural steel and prefabricated buildings market is expected

Buildings and construction market trends in the GCC countries will reach $5.4 billion in 2027 Read More »

“Yamamah Steel” turns to losses in the fiscal year ending in September 2022

The preliminary financial results of Al Yamamah Steel Industries Company “Yamamah Steel” revealed that it turned into a loss during the fiscal year ending on September 30, 2022, compared to a net profit that the company recorded in the same period last year. According to the company’s preliminary financial results, the net loss after zakat

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Reinforcing steel price in the UAE increased by 120 dirhams

News, Prices / user

Emirates Arkan Steel Company announced the domestic reinforcing steel prices for January 2023, an increase of 120 dirhams per tonne ($33/t) compared to December prices, to reach 2380 dirhams per tonne ($648/t). Prices are indicated without 5% VAT. Currency price: 1 dollar = 3.673 dirhams.

Reinforcing steel price in the UAE increased by 120 dirhams Read More »

UAE: Conaris inaugurates a coloured steel products factory with a capacity of 100,000 tonnes

Conaris, the second largest private sector steel producer in the UAE, has announced its coloured steel products factory official opening in Jebel Ali Free Zone (Jafza) in Dubai. The new and modern facilities, which were developed with a 150 million-dirham investment within the Conaris facilities in the south of Jafza, extend over an area of

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Algeria registers a record in natural gas exports in 2022

The Director General of Foresight at the Ministry of Energy and Mines in Algeria, Miloud Medjled, said that his country achieved a record number of natural gas exports in 2022. Miloud Medjled added, during an interview on the first radio station, that Algeria achieved a record in terms of an increase in natural gas exports

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Rebar prices in Jordan in December 2022

News, Prices / user

Jordan Steel Company announced the prices of reinforcing steel for the month of December, pulling grade 60 EXW, loading the back of the car, between 457 and 475 JOD per tonne, excluding sales tax, and between 531.87 and 552.82 JOD per tonne, with the addition of sales tax. Grade Price without tax Price with tax

Rebar prices in Jordan in December 2022 Read More »

Average Reinforcing iron prices in Saudi Arabia

News, Prices / user

According to the General Authority for Statistics, the average price of a ton of iron in the Kingdom of Saudi Arabia in November ranged between 3,311.33 – 4,306.44 Saudi riyals, with up and down between -0.48% – 0.18% compared to October 2022, and a decrease between –0.96% – -6% compared to November 2021. Average Prices

Average Reinforcing iron prices in Saudi Arabia Read More »

Dubai keeps pace with the requirements of sustainable growth by promoting renewable and clean energy capabilities

The ambitious strategy of the Emirate of Dubai to transition to a green economy has gained significant momentum, with the emirate’s recent adoption of a road map that aims to make public transportation carbon-neutral by 2050, with initiatives ranging from investing in advanced infrastructure, strengthening the foundations of a circular economy, and expanding the scope

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UAE: Rebar prices decline 20% during the second half

The Secretary-General of the Emirates Iron Producers Committee and Senior Vice President of Marketing at the Emirates Arkan Steel Group, Mohammed Salem Al-Afari, stated on the sidelines of the “Big Five” construction exhibition at the Dubai World Trade Center that the volume of consumption of reinforcing steel products in the local market since the beginning

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4.5 billion dirhams of reinforcing steel sales in the Emirates in 2022, and new expansions from Emirates Steel Arkan for flats production

Mohamed Salem Al-Afari, Secretary General of the Emirates Steel Producers Committee and Senior Vice President of Marketing at the Emirates Arkan Steel Group, said: The value of sales of the reinforcing steel market in the country during 2022 amounts to about 4.5 billion dirhams, while the volume of domestic consumption is estimated since the beginning

4.5 billion dirhams of reinforcing steel sales in the Emirates in 2022, and new expansions from Emirates Steel Arkan for flats production Read More »

Saudi Pipes intends to acquire a 35% stake in Al Alamiah Pipe Company

The Saudi Steel Pipe Company, “Saudi Pipes”, intends to acquire an additional 35% ownership stake in Al Alamiah Pipes at $9.9 million. Al Alamiah Pipe Company is a Saudi steel pipe manufacturing company, in which Saudi Pipes currently owns a 35% stake, and EW Holding GmbH & Co KG (EEW) owns a 35% stake. And

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Oman : Jindal Shadeed intends to build a green steel plant with investments of $3 billion

The Public Authority for Special Economic Zones and Free Zones of Oman, an Omani government economic agency, has signed a memorandum of understanding with the Jindal Shadeed Group to build a green iron production plant with investments of $3 billion in Oman, according to Oman News Agency. The agency added that the factory would be

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