According to the prices announced in the global steel markets, scrap prices amounted to 385 dollars/tonne, an increase of 8 dollars over last week. Iron ore prices reached 102 dollars/tonne, down by 6 dollars from last week’s prices, while the billets prices- ranged between 520 – 565 dollars per tonne, which were between 525-570 dollars …
Iron and steel prices, the fourth week of May 2023 Read More »
The Abu Dhabi Ports Group announced the conclusion of a memorandum of understanding with Vale, the world’s largest producer of iron ore and one of the largest logistics service providers in Brazil, under which a massive industrial complex will be established in Abu Dhabi, producing low-carbon materials for the iron and steel sector that will …
Vale Company signed a land reservation agreement with the Port of Duqm Company to establish an integrated green iron industrial complex in the Special Economic Zone at Duqm on an area of 6.78 km. It will include three plants described in ore concentration, green briquetting, and reduced iron. Vale also signed a memorandum of understanding …
An executive from the World Steel Organization (WSA) said global steel demand is expected to grow by 1.7% in 2024 after forecasting 2.3% growth this year based on manufacturing activity recovery. In the long term, the Association of Southeast Asian Nations (ASEAN) is expected to see steel demand double by 2035 from the current 80 …
Global steel demand is expected to growth 1.7% in 2024 Read More »
Finished steel product prices in China in April turned from an upward trend to a downward trend due to slowing market demand along with relatively high steel production during the period, according to the China Iron and Steel Association (CISA). From January to April this year, the average daily crude steel production of member steel …
China Steel prices turned from high to low in April Read More »
According to the preliminary data announced by the World Steel Organization about world production (63 countries) during April 2023, crude steel production amounted to 161.4 million tonnes, a decrease of 2.4% compared to the production of April 2022. Africa produced 1.3 million tonnes in April 2023, up 4.8% from April 2023. Asia and Oceania 121.1 …
World crude steel production declined by 2.4% in April 2023 Read More »
According to the daily follow-up of steel prices in Egypt, rebar steel prices ranged between 32,050 EGP – 39,500 EGP, EXW, as some companies fixed their steel prices, while some reduced them compared to last week. Ezz Steel prices amounted to 32,135 EGP, Suez Steel 32,050 EGP, Beshay Steel 38,000 EGP, Egyptian Steel 32,050 EGP, …
The latest rebar prices update in Egypt is May 23, 2023 Read More »
The European Commission (EC) extended the EU’s anti-dumping duties on certain types of thick rolled-steel imports from China. The duty rate remained at 65.1%-73.7% level. The relevant decision was made after the post-tariff anti-dumping investigation was conducted in 2017. Products are governed by CN Codes ex 7208 51 20, ex 7208 51 91, ex 7208 …
The European Union extends anti-dumping duties on imported thick-rolled steel from China Read More »
Crude oil prices fell by more than 1% during today’s trading, Monday, May 22, 2023, amid fears of an economic recession that may limit demand. Caution over US debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Moreover, by 06:55 am GMT (09:55 am …
Crude oil prices are down 1%… and Brent is below $75 a barrel Read More »
The financial indicators of the Iron and Steel Company for Mines and Quarries showed an increase in profits by 325% during the first nine months of the current fiscal year. The company said in a statement to the Egyptian Stock Exchange today that it recorded profits after taxes amounting to 97.76 million EGP from July …
Egypt : Profits of iron and steel for mines triple in 9 months Read More »
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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.
It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.
Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.
General Secretariat
Tel +21320343324 – +21320343357
Fax +21320343194
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
