According to Japanese customs statistics, Japan’s iron scrap exports amounted to 529,123 tonnes in February this year, an increase of 3.2% compared to 512,866 tonnes over the same month last year. From January to February this year, Japan exported 1.10 million tonnes of scrap, up by 35% over the same period last year. During the …
China’s exports of steel products reached 12.19 million tonnes during the January-February period, up by 49% over the previous year, according to data from the General Administration of Customs. Exports totalled $14.98 billion, up by 27.5% year on year, which made the average export price reach 1228.69 Yuan/t, down by 14.4% year on year. In …
China’s steel exports increased by 49% from January to February Read More »
In January of this year, Turkey’s total imports of iron ore amounted to 798,953 tonnes, an increase of 139.6% compared to December and 11.2% compared to the same month in 2022, according to statistics from the Turkish Statistical Institute (TUIK). The value of these imports decreased by 11.8% to $90.6 million annually, while it increased …
Turkey’s imports of iron ore increased by 11.2% in January 2023 Read More »
The Australian mining group BHP and Chinese steel group HBIS have agreed to test carbon capture, utilization and storage (CCUS) technologies at HBIS steel mills. As part of the project, it is planned to develop and test technologies that can be integrated into steel production processes to reduce carbon dioxide emissions. BHP CEO Mike Henry …
A collaboration between Australian BHP and China’s HBIS Carbon Capture Read More »
In February 2023, Turkey’s steel production decreased by 19.2% compared to January 2023, reaching 2.104 million tonnes, and it decreased by 28.9% compared to February 2022. From January to February 2023, production reached 4.709 million tonnes, a decrease of 23.1% compared to the same period in 2022. From March 1, 2023, the Turkish Oil Pipeline …
Türkiye’s steel production declined by 28.9% in February 2023 Read More »
According to preliminary statistics data issued by the US Department of Commerce, monthly steel imports in the United States during February 2023 decreased by 13.5% compared to January, reaching 2,048,269 tons, and decreased by 4.1% compared to February 2022. In terms of value, US steel imports totalled $2.79 billion in February, compared to $3.29 billion …
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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 »
Iron ore futures, the most traded on the Dalian Commodity Exchange for March 17-24, 2023, fell by 6.4% from the previous week – to 866.5 Yuan/t ($126.43/t). It is the second consecutive decline after reaching its highest level in 8 months. On the Singapore Exchange, April futures contracts, as of March 24, 2023, decreased by …
Report: Iron ore prices drop amid China’s restrictions on steel production Read More »
Dr Ahmed Samir Saleh, Minister of Trade and Industry, issued a decision to renew the ministry’s decision banning the export of some types of scrap, raw materials, and dashed paper, which bore No. 190 of 2022, which was issued on October 1, 2022, for six months, and ends next April. With this decision, the aforementioned …
Egypt extends the ban on exporting iron scrap until April 2024 Read More »
According to the prices of the global steel markets, the scrap price reached 453$/tonne, the iron ore price was 121$/tonne, the prices of billets ranged between 590 and 630$/tonne, and rebar prices ranged between 720 and 740$ / tonne.
According to preliminary data announced by the World Steel Association (worldsteel) about World crude steel production (63 countries) in February 2023 was 142.4 million tonnes (Mt) in February 2023, a 1.0% decrease compared to February 2022. Africa produced 1.1 million tonnes in February 2023, down 11.9% from February 2022, and Asia and Oceania produced 106.6 …
World’s crude steel production declined by 1.0% in February 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 »
In February this year, Japan’s crude steel production decreased by 4.3 per cent compared to the previous month and by 5.3 per cent compared to February 2022, totalling 6.91 million tons, according to data released by the Japan Iron and Steel Federation (JISF). Meanwhile, total iron ore production in Japan reached 4.98 million tonnes in …
Japan’s crude steel and iron ore production declined in January-February Read More »
Paulwurth and Midrex Technology will collaborate in the engineering, procurement and construction of the Midrex Flex Direct Reduction plant with a capacity of 2.5 million t/year for Thyssenkrupp Steel Europe, located in Duisburg, Germany. The plant will initially operate on reformed natural gas containing 50% or more hydrogen (H2) at the inlet of the furnace …
Midrex and Thyssenkrupp cooperate to reduce carbon dioxide emissions 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 …
In January this year, Turkey’s hot rolled steel coils (HRC) exports decreased by 66.5% year-on-year to reach 45,129 tonnes, down by 32.1% compared to December 2022, according to data from the Turkish Statistical Institute (TUIK). The revenue value from these exports amounted to $30.76 million, a decrease of 74.7% compared to the same month in …
Turkey’s hot rolled steel coils exports decreased by 66.5% in January Read More »
Final steel prices from January to February this year witnessed a slight upward trend amid the easing of Covid-19 measures and a slight improvement in demand from steel users, according to the China Iron and Steel Association (CISA). From January to February, China’s average daily crude steel production was 2.859 million tonnes, up by 13.8 …
China Iron and Steel Association: China’s steel prices rose in March Read More »
In February 2023, Germany’s crude steel production decreased by 6.9% compared to the same month in 2022 and increased by 2.3% compared to January 2023, reaching 2.994 million tonnes, according to WV Stahl, the German Steel Association. In February 2023, the volume of steel smelting from transformers reached 2.04 million tonnes, which is 4.9% less …
Germany’s steel production declined by 6.9% in February 2023 Read More »
According to the Turkish Statistical Institute data (TUIK), Turkish wire rod exports decreased by 21.6% this January compared to the same month last year to reach 45,989 tonnes, an increase of 45.7% compared to the previous month. These export revenues amounted to 32.15 million dollars, an increase of 47.9% compared to December 2022, and a …
Turkey’s wire rod exports decreased by 21.6% in January 2023 Read More »
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 +21323304221 Fax +21323304254
Mail: relex@solbarab.org
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org
