Middle East Archives - Page 21 of 23 - Arab Iron and Steel Union

Egyptian Iron and Steel announces the schedule for completing the liquidation works

The Egyptian Iron and Steel Company announced the schedule for appointing the liquidator or liquidators for the company, and the date for the completion of the liquidation works. The company said in a statement to the Egyptian Stock Exchange that the liquidator is expected to be appointed immediately on Monday, May 31, 2021, and the […]

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ADNOC signs an agreement with Emirates Steel through Long-Term and Reliable Natural Gas Supply

News / mohamed

The Abu Dhabi National Oil Company (ADNOC) announced the signing of a long-term agreement to sell natural gas with Emirates Steel in Abu Dhabi. Under the terms of the agreement, ADNOC will supply natural gas to Emirates Steel over the next ten years to support the growing demand for energy and raw materials from the

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Steel and cement prices are stable in Saudi Arabia

News / mohamed

According to the General Authority for Statistics, the average price of a ton of rebar in the Saudi Arabia 3473.72 riyals in April 2021, a decrease of -2.7% compared to March 2021, which amounted to 3473.2 riyals, and an increase of 24.1% compared to the price of April in 2020, which amounted to 2719.7 riyals.

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Iraq: The opening of a steel plant with a capacity of 350 thousand mt in Kurdistan

News / mohamed

On Tuesday, the President of the Kurdistan Regional Government, Masrour Barzani, inaugurated iron and steel production plants, at a total cost of $ 100 million. On the sidelines of the opening ceremony of the huge factory, the Prime Minister expressed his pleasure at the completion of (Med Steel) factory for the production of iron and

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Iraq: The establishment of the first industrial city and the largest steel factory in Basra

News / mohamed

The Basra Investment Commission – Iraq announced, on Wednesday (May 5, 2021) the inclusion of mega projects in the current year’s plan, the most prominent of which is the implementation of a large iron and steel factory, and the first industrial city to help employ thousands of unemployed. The semi-official Al-Sabah newspaper quoted the head

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Rebar prices in Egypt, the first of May

News / mohamed

The prices of building materials, cement and steel reinforcement, witnessed today, Saturday 1-5-2021, stability in the local market for all raw materials, according to the prices announced by the Building Materials Division of the General Federation of Chambers of Commerce. Ahmed Al-Zaini, head of the General Division for Building Materials at the Federation of Chambers

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Emirates Steel organises “Virtual Innovation Week” celebrating innovation and scientific research culture

News / mohamed

Emirates Steel, the leading integrated steel producer in the Middle East, organised a ‘Virtual Innovation Week’ event for its employees, customers and suppliers during the first week of March 2021 celebrating innovation across the organisation. This is aligned with the UAE’s efforts to become the most innovative and future-ready nation in the world under the

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Prices of Rebar in Kuwait

News / mohamed

The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 210 10 mm Kuwait Ton 210 12 mm Kuwait Ton 210 14 mm Kuwait Ton 210 16 mm Kuwait Ton 210 Domestic Rebar Size Origin

Prices of Rebar in Kuwait Read More »

Average prices of steel and cement in Saudi Arabia in March 2021

News / mohamed

According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in March 2021 to 3473.72 riyals, up by 27.7% compared to the price of March 2020, which amounted to 2719.7 riyals, and down by -1.1% compared to February 2021, which amounted to 3512.40 riyals. As for

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Activating the partnership of “Emirates Steel” and “Seven” in the field of recharging

News / mohamed

Emirates Steel announced the start of transshipment operations at its facilities within the framework of the new partnership with the “Seven” group, the marine services arm of Abu Dhabi Ports, according to a 10-year agreement between the two parties, which is the latest addition to the group’s projects in the field of transshipment. The agreement

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Egyptian Iron and Steel Company pays 745 million pounds as part of the gas debt settlement

News / mohamed

The Egyptian Iron and Steel Company has paid 745 million pounds, as part of the settlement of the natural gas debt owed by the company. The company has also taken some steps to improve its financial position, including rationalizing energy consumption. The company announced, in its response to the Central Auditing Organization, regarding the examination

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LISCO organized a workshop on the environment

News / mohamed

The main hall in the administrative building of the Libyan Iron and Steel Company hosted the activities of the third workshop on the results of environmental research studies that were held in the vicinity of the company, under the auspices of the Misurata Municipal Council. The workshop started with the first morning session during which

LISCO organized a workshop on the environment Read More »

State Company for iron and steel calls for the purchase of its products from pipes

News / mohamed

State Company for iron and steel, a company of the Ministry of Industry and Minerals, invited the state ministries, especially the Ministry of Oil, to purchase the spiral pipes produced in its pipelines plant with a capacity of (200) thousand tons / year. The general manager of the company, Mr. Abbas Hayal, indicated in a

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Mr. Mohamed Vall Mohamed TELMIDY appointed Board member and CEO of SNIM

News / mohamed

The Board of Directors of SNIM has approved the appointment of Mr. Mohamed Vall Mohamed TELMIDY as Bord member and CEO of the company. State Engineer, Mr. Mohamed Vall Mohamed TELMIDY, since June 2017, held the position of Sales Director of SNIM, in charge of the Company’s sales and marketing policy. Mr. Mohamed Vall Mohamed

Mr. Mohamed Vall Mohamed TELMIDY appointed Board member and CEO of SNIM Read More »

Tosyali Algeria exports billets to Turkey for the first time

News / mohamed

For the first in the history of the country, Tosyali Algeria company exports its products of billets 100% locally manufactured, where 8700 tons are shipped as well as 7850 tons are shipped from 3 to 10 March 2021 to Turkey. And about 15,000 tons of billets at the end of March 2021.

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Egypt : Steel exports rose 30% in January, recording $ 64 million

News / mohamed

Egypt’s exports of “iron and steel” increased by 30% during January 2021, to reach $64 million, from $49 million in the same month of 2020. The Building Materials Export Council in Egypt stated, in its monthly report issued on Saturday, that steel was exported to 37 countries, including 7 countries in January 2021, which were

Egypt : Steel exports rose 30% in January, recording $ 64 million Read More »

Emirates steel sets its compass towards steel flat products

News / mohamed

Emirates Steel, the leading integrated steel plant in the Middle East, announced its plans to add Hot Rolled Coils (HRC) to its wide-range products portfolio so that it can mainly meet the needs of the local and regional markets of the high-quality flat products. This is aligned with the goals of Abu Dhabi Economic Vision

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Lebanon expects recovery in steel market activity

News / mohamed

Lebanon is on its way to a gradual recovery of business activity after a long-lasting total lockdown,due to the coronavirus pandemic. Lebanese business entities were allowed to gradually open since February 22. As a result, steel traders resumed their operations, although at a reduced scale. They are not in rush to book huge volumes of

Lebanon expects recovery in steel market activity Read More »

Average rebar prices in January in Saudi Arabia

News / mohamed

According to the General Authority for Statistics, the average price of rebar in the Kingdom of Saudi Arabia increased in January 2021 to 3558.07 riyals, an increase of 39% compared to the price of January 2020, which amounted to 2550.2 riyals and an increase of 18% compared to the month of December 2020, which amounted

Average rebar prices in January in Saudi Arabia Read More »

Libyan Iron and Steel Company ramps up output in 2020 despite pandemic

News / mohamed

Despite a number of difficulties connected with the spread of COVID-19 and some halts in operations, Libyan Iron and Steel Company (LISCO) managed to increase production in 2020. LISCO ramped up HBI production by 14% year-on-year to 406,000 t in 2020. The growth was not as sharp as during the previous year (69%), but still

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El-Fiqi: We raised the Delta steel production 5 times, and will win next year

News / mohamed

Mahmoud El-Feki, Chairman of Delta Steel Company, said that the company has completed the implementation of the first phase of energy development to 250 thousand annually, which is 5 times the production before development of 50 thousand tons, to be followed by the second phase to reach 500 thousand tons annually, the volume of production

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Morocco distributes duty-free quota for CRC and coated steel importers

News / mohamed

The Ministry of Industry, Trade and Investment and the Digital Economy in Morocco announced its decision on a 36,000 t quota distribution among consumers of downstream flat steel products in 2021. Allocation for CRC is 32,400 t, while for coated steel 3,600 t out of the total figure, same as in 2020, according to the

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SMS Group : Turnkey project successfully mastered

News / mohamed

Cutting-edge large-diameter pipe mill for Al Gharbia Pipe Company com-pleted through cooperation between SMS group und Larsen & Toubro. One of the world’s most modern mills for longitudinally welded large-diameter pipes has been installed between Abu Dhabi and Dubai. It operates with state-of-the-art digitaliza¬tion, tracking and automation systems for almost fully automated processes – for

SMS Group : Turnkey project successfully mastered Read More »

Sulb and Sms Digital Join Forces In Optimizing Energy

News / mohamed

A further step towards energy-efficient and low-GHG steel production enabled by digitalization, SULB and SMS digital, a company of SMS group, cooperate with Vetta and Midrex Technologies, Inc. are partners to the project. SULB operates an integrated steelworks in Hidd, Bahrain. A key asset of the mill is the flexible combi-caster. In 2011, SMS supplied

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Hadeed SABIC posts weak results in 2020 due to Coronavirus

News / mohamed

Despite some signs of improvement in the demand and price situation, seen in H2, Saudi Iron & Steel Company (Hadeed SABIC), the key local steelmaker, was unable to reverse the negative trend in operational and financial figures. Like most GCC steel producers, The company recorded results in 2020 less than in 2019 due to the

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Steel and cement prices in Saudi Arabia in 2020

News / mohamed

The average price of iron in Saudi Arabia recorded an increase of about 8% in the year 2020, equivalent to 2793.90 riyals, compared to the average price of 2585.80 riyals in 2019. The average cement bag also increased 5.1% in 2020, recording a level of 13.80 riyals for a bag weighing 50 kg, compared to

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CEO of Emirates Steel commends ADU success at world steel competition

News / mohamed

The CEO of Emirates Steel Company praises the success of Abu Dhabi University in the International Steel Competition. Engineer Saeed Ghumran Al Remeithi, CEO, Emirates Steel has praised the “outstanding performance” of Abu Dhabi University (ADU) during the recent 15th Steel Challenge championship organised by World Steel Association (worldsteel). Two Mechanical Engineering students from ADU

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GCC construction struggling through pandemic

News / mohamed

The Gulf Cooperation Council (GCC) construction industry is as the other industries worldwide that have faced some crisis this year. The economic shocks of Covid-19 and falling oil prices left the demand for building materials such as rebar weak for most of the year. Around 550 projects worth over $ 60 billion are known to

GCC construction struggling through pandemic Read More »

SABIC highlights its post-Covid-19 steel business strategy

News / mohamed

SABIC highlighted its post-Covid-19 steel business strategy and the challenges in the steel market during its participation at the virtual Middle East Iron and Steel Conference. Addressing the conference, Salah Ahmed Al-Ansari, president of Hadeed, a fully-owned manufacturing affiliate of SABIC, said that the company took extra preventive measures across its facilities to ensure business

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Saudi Arabia : Hadeed Sabic hikes rebar and wire rod prices

News / mohamed

Being supported by the rapid rise in raw materials tags around the world, Saudi Iron and Steel Company (Hadeed SABIC) increased official offers for January long steel products. The ongoing global upward trend will likely trigger another price revision shortly. Hadeed SABIC announced new prices for January longs sales, increasing them by SAR 200/t ($53/t).

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Middle East

Egyptian Iron and Steel announces the schedule for completing the liquidation works

ADNOC signs an agreement with Emirates Steel through Long-Term and Reliable Natural Gas Supply

Steel and cement prices are stable in Saudi Arabia

Iraq: The opening of a steel plant with a capacity of 350 thousand mt in Kurdistan

Iraq: The establishment of the first industrial city and the largest steel factory in Basra

Rebar prices in Egypt, the first of May

Emirates Steel organises “Virtual Innovation Week” celebrating innovation and scientific research culture

Prices of Rebar in Kuwait

Average prices of steel and cement in Saudi Arabia in March 2021

Activating the partnership of “Emirates Steel” and “Seven” in the field of recharging

Egyptian Iron and Steel Company pays 745 million pounds as part of the gas debt settlement

LISCO organized a workshop on the environment

State Company for iron and steel calls for the purchase of its products from pipes

Mr. Mohamed Vall Mohamed TELMIDY appointed Board member and CEO of SNIM

Tosyali Algeria exports billets to Turkey for the first time

Egypt : Steel exports rose 30% in January, recording $ 64 million

Emirates steel sets its compass towards steel flat products

Lebanon expects recovery in steel market activity

Average rebar prices in January in Saudi Arabia

Libyan Iron and Steel Company ramps up output in 2020 despite pandemic

El-Fiqi: We raised the Delta steel production 5 times, and will win next year

Morocco distributes duty-free quota for CRC and coated steel importers

SMS Group : Turnkey project successfully mastered

Sulb and Sms Digital Join Forces In Optimizing Energy

Hadeed SABIC posts weak results in 2020 due to Coronavirus

Steel and cement prices in Saudi Arabia in 2020

CEO of Emirates Steel commends ADU success at world steel competition

GCC construction struggling through pandemic

SABIC highlights its post-Covid-19 steel business strategy

Saudi Arabia : Hadeed Sabic hikes rebar and wire rod prices

92 Members

28 Board of Directors

17 Country

300.000 Employees