The company began negotiations with British authorities more than a year ago and steelmakers Tata Steel and British Steel are continuing negotiations with the UK government to finance their green transition, S&P Global reports. According to British media reports, the government is close to signing a deal with British Steel. Secretary of State for Business …
The administration of US President Biden confirms that it will increase the customs tariff rate on some steel and aluminum products of Chinese origin under Article 301 from 0-7.5% to 25% in 2024. This comes after an in-depth review by the US Trade Representative. A White House statement said the move is part of anti-dumping …
Saudi Pipelines announced that it had won a contract to supply steel pipes for oil and gas to Saudi Aramco, with an estimated value of 138.6 million riyals ($37 million). The company said, in a statement to the Saudi Stock Exchange (Tadawul), that the duration of the contract is up to 12 months, and it …
Saudi Pipelines wins a supply contract for Aramco worth $37 million Read More »
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World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.2 million tonnes (Mt) in March 2024, a 4.3% decrease compared to March 2023. Africa produced 1.9 Mt in March 2024, up 1.1% on March 2023. Asia and Oceania produced 118.3 Mt, down 5.8%. The EU (27) produced 11.6 …
World crude steel production decreased by 4.3% in March 2024 Read More »
The price of iron ore rose to a seven-week high after Fortescue, the fourth-largest producer, said it expected full-year shipments to be at the lower end of the guideline after disruptions affected supplies from Western Australian mines. Futures prices in Singapore rose nearly 5% before paring gains. The company said that exports decreased by 6% …
Iron rises to the highest level in 7 weeks due to “Fortescue” and China Read More »
The festive signing ceremony took place in Vienna on April 17 and saw participation of top-level managers from both companies along with governmental representatives. Primetals Technologies entities in Austria, China, and Germany will supply the complete mechanical scope as well as the process-related electrics and automation solution. The plant is scheduled to be in full …
Zhongshou Special Steel Group orders Arvedi ESP for transition to green steel production Read More »
Trade and industrial sources said that overall steel demand in China is expected to remain weak in the traditionally stronger second quarter of this year, after the country’s net exports of semi-finished steel hit their highest level in nearly eight years in March, even as production fell by last year. The sources said that steel …
China’s steel demand expected to be weak in traditionally stronger Q2 Read More »
Japan’s trade and finance ministries said on Wednesday they will initiate an anti-dumping investigation into graphite electrodes from China. The electrodes are an industrial material used in electric arc furnace steelmaking. The Japanese government decided to launch the probe in accordance with World Trade Organization agreements and domestic laws, after receiving an application from Japanese …
Japan Launches Anti-Dumping Probe Into Chinese Graphite Electrodes for Steelmaking Read More »
The General Authority for the Suez Canal Economic Zone in Egypt signed a contract granting a usufruct right for a land with an area of 750,000 square metres, to the Chinese company “WU’AN Million dollars. The authority said in an issued statement that the project provides 1,200 job opportunities, aims to export 70% of its …
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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 +21323304221 – +21323304239
Fax +21323304254
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
