His Excellency Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority in Sharjah, stressed the leading role played by the zone in promoting the steel and iron industry sector as a dynamic business center that serves investors and provides them with strategic access to regional and global markets, explaining that the authority includes […]
Jordan Steel Company announced rebar prices for November 2024, unchanged from last month’s prices. The prices for Grade 60 EXW, between 451 and 457 dinars per tonne, excluding sales tax. However, with sales tax, it is between 537 and about 545 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes
Jordan Steel announces rebar prices for November 2024 Read More »
Emsteel Building Materials Company recorded a net profit of AED 91.62 million in January – September 2024 compared to AED 387.6 million in the same period last year, a decrease of 76%. The company achieved revenues of AED 5.87 billion in the first nine months of 2024 compared to AED 6.48 billion in the corresponding
UAE: Emsteel profits AED 91.6 million in January – September 2024 Read More »
Saeed Ghumran Al Rumaithi, CEO of Emsteel Group, explained that the group’s performance is good and appropriate, compared to competitors and steel manufacturers worldwide, noting that the industrial sector is going through many challenges globally, due to the economic conditions and the slowdown in global economies, and the impact on the international shipping sector, which
Saeed Al Rumaithi: The construction sector supports the steel industry and grows by 3% Read More »
Saudi Iron and Steel Company ( Hadeed ) has announced an increase in rebar prices for November. The company announced an increase in the price of rebar (12-32 mm) by 50 Saudi riyals ($13) per ton, to become 2350 Saudi riyals ($625) per ton. Similarly, the price of wire rod (6.5-16 mm) will increase by
Saudi Iron and Steel Company (Hadeed) announces rebar prices for November Read More »
Vale and Jinnan Iron and Steel Group have announced an investment of OMR 240 million to establish the first iron ore concentration plant in Sohar Port and Free Zone, which will boost the growth of the iron and steel sector in the Sultanate of Oman and consolidate the country’s position as a key player in
Vale and Jinnan Iron and Steel Group announce investment of over $600 million Read More »
Abu Dhabi Future Energy Company (Masdar), the world’s leading clean energy company, and Emsteel Group, the largest listed steel and building materials company in the UAE, have announced the successful completion of the development of a pilot project to produce sustainable steel using green hydrogen. The pilot project in Abu Dhabi is the first of
EMSTEEL, the UAE-based company, has announced that its rebar prices for November production will be AED 2,560 ($697) per tonne in Abu Dhabi and AED 2,568 ($699) per tonne in Dubai, Sharjah and the Northern Emirates. This marks an increase of $30 per ton compared to last month’s prices. Headquartered in Abu Dhabi, EMSTEEL has
EMSTEEL increases rebar prices for November Read More »
According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production to 3.4 million tons in September 2024, an increase of 2.2% compared to September 2023. Egypt topped Arab countries in steel production in September with a production volume of 867 thousand tons and an increase
Arab countries’ crude steel production increases by 1.9 % in January – September 2024 Read More »
Rebar market in Saudi Arabia witnessed a decline in prices in the first nine months of 2024 compared to the same period in 2023, as the average price of rebar in January – September of this year reached 2896.51 riyals, a decrease of -4.3% compared to the average for the same period in 2023, which
Rebar prices in Saudi Arabia decline in Jan. – Sep. 2024 Read More »
Prices of major building materials groups recorded slight relative declines during the second quarter compared to the first quarter of 2024, as cement prices decreased by 1-3%, while rebar decreased by about 4.8% in the same comparison, according to data from Dubai Statistics, published by Dubai Digital. As for rebar, twisted steel measuring (6-8) millimeters
Building materials prices record slight declines in Q2 2024 Read More »
On October 20, 2024, Al Yamamah Steel Industries Company signed a contract to supply steel towers with Larsen & Toubro Saudi Arabia for the project to establish a 500 kV ultra-high voltage line from the central region to the western region (phase three) worth 170.5 million riyals. The company said in a statement on Tadawul
Al Yamamah Steel signs two contracts to supply steel towers worth 309 million riyals Read More »
Last Monday, the 17th Arab Steel Summit was held in Doha, Qatar, organized by the Arab Iron and Steel Union in cooperation with Qatar Steel Company under the patronage of His Excellency Eng. Saad Sherida Al Kaabi, Minister of State for Energy Affairs – State of Qatar. It is the largest and most important event
Algeria participated strongly in the activities of the 17th Arab Steel Summit in the Qatari capital, Doha, during the 14th and 15th of October, represented by the Metallurgical and Steel Industries Complex (Imetal) in Algeria and all its subsidiaries, in addition to the Algerian-Qatari Steel Company, the largest successful Arab-Arab investment in the field of
Algerian companies strongly present in the 17th Arab Steel Summit in Doha Read More »
On the sidelines of the 17th Arab Steel Summit, the 129th Board of Directors meeting of the Arab Iron and Steel Union was held on October 14. The meeting was chaired by Mr. Awaad Al-Khalidi, Chairman of the Board of Directors of the Arab Iron and Steel Union, who began his speech by praising the
Arab Iron and Steel Union holds 129th Board of Directors meeting in Doha Read More »
Al Jazeera Steel Company, operating in the iron pipes industry, increased its profits to OMR 3.91 million (31 baisa/share) by the end of the first nine months of 2024, compared to profits of OMR 2.41 million achieved in the same period in 2023, as shown in the following table: income list Period September 2023 September
Al Jazeera Steel profits rise to 3.91 million riyals (+62%) in January – September 2024 Read More »
The Information and eGovernment Authority explained that during September, the Kingdom of Bahrain imported iron ores and non-agglomerated concentrates from Brazil worth 47.5 million dinars, with a volume of one million kilograms. The Authority issued its report on foreign trade statistics for the month of September 2024, where the report includes data on imports and
Bahrain imports iron ores worth 47.5 million dinars from Brazil in September Read More »
The Arab Steel Summit kicked off this Monday morning, organized by the Arab Iron and Steel Union, with attendance of major Arab iron and steel companies, Ezz Steel Egypt, El Ashry Steel Group, El Marakby Steel Company, and other Egyptian companies. The Arab Steel Summit, which is being held this year in Doha, the capital
Arab Steel Summit kicks off in Qatar with attendance of major Egyptian companies Read More »
George Matta, Head of Marketing Sector at Ezz Steel and Chairman of the Economic Committee of the Arab Iron and Steel Union, expected that demand for steel products in the Middle East region will increase during 2024, supported by infrastructure projects implemented by Egypt, Saudi Arabia, the United Arab Emirates, and Algeria. In his speech
The 17th Arab Steel Summit kicked off in Doha today, Monday, with the attendance of about 550 participants from the most prominent influencers and experts in the iron and steel industry. In his opening speech, Al Kaabi pointed to a set of challenges facing the steel industry in the Arab world, especially geopolitical fluctuations and
Arab Steel Summit in Doha Discusses Geopolitical Challenges to Steel Industry Read More »
In the name of Allah, the Most Gracious, the Most Merciful His Excellency Eng. Saad Sherida Al-KaabiMinister of State for Energy Affairs – State of Qatar Your Excellencies the Ambassadors of the Arab Countries His Excellency Mr. Awad Al-Khalidi, Chairman of the Board of Directors of the Arab Iron and Steel Union Ladies and Gentlemen
Speech of the Secretary General Dr. Kamel Djoudi at the 17th Arab Steel Summit Read More »
His Excellency Eng. Saad Sherida Al Kaabi, Minister of State for Energy Affairs, opened the 17th Arab Steel Summit and the accompanying International Iron and Steel Exhibition, calling for strengthening the position of the Arab iron and steel industry on the global map and creating appropriate regulatory and investment conditions to stimulate its growth and
HE Minister of State for Energy Affairs, Saad bin Sherida Al Kaabi, inaugurated the 17th Arab Steel Summit and the accompanying International Iron and Steel Exhibition by calling for positioning the Arab iron and steel industry firmly on the global map and creating the appropriate regulatory and investment conditions to stimulate its growth and enhance
Qatar Steel is hosting the 17th Arab Steel Summit and International Iron and Steel Exhibition at the Sheraton Doha Hotel from October 14 to 15, 2024 under the patronage of His Excellency Eng. Saad Sherida Al Kaabi, Minister of State for Energy Affairs. Qatar Steel said that the event, organized by the Arab Iron and
540 Participants and Exhibitors at Arab Steel Summit Read More »
Jordan Steel Company announced rebar prices for October 2024, a decrease of between 2-5 dinars over last month’s prices. The prices for Grade 60 EXW, between 451 and 457 dinars per tonne, excluding sales tax. However, with sales tax, it is between 537 and about 545 dinars per tonne. Grade Price without tax Price
Jordan Steel announces rebar prices for October 2024 Read More »
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70 ($19) per ton, bringing the new price to SAR 2,300 ($613) per ton. Similarly, the price of wire
Saudi Iron and Steel Company – Hadeed – Reduces Rebar Prices for October Delivery Read More »
Jassim Al Abbas, Vice Chairman of the National Iron Industry Committee and General Manager of Sales, Marketing and Business Development at Al Ittifaq Steel Company, said that the expected demand for reinforcing steel and coils during the current year 2024 is about 7.5 million tons. Al Abbas explained in an interview with Argaam on the
Eastern Pipes Integrated Industry Company announced last Thursday that it signed several contracts with the Saudi Arabian Oil Company – Aramco for the manufacture and supply of steel pipes, worth more than 1.65 billion riyals, including value-added tax. The company said in a statement on Tadawul that the contract period is 19 months, noting that
Emirates Steel Arkan, one of the largest national companies listed in the steel and building materials sector in the region, announced the change of its corporate identity to Emsteel Group (listed on the Abu Dhabi Securities Exchange under the symbol: (EMSTEEL), as part of its ambitious strategy to lead the sustainable industrial transformation scene and
Emirates Steel Arkan announces change of corporate identity to Emsteel Group Read More »
Emirates Steel Arkan has announced the appointment of Mark Tonkins as Group Chief Financial Officer, effective September 2, 2024. Tonkins, who most recently served as CFO at BME, brings with him a wealth of experience gained through his senior financial positions at Borless and Phillips. In his new role, Tonkins will be responsible for driving
Emirates Steel Arkan Appoints New CFO Read More »