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Arab Steel Summit

Iraq

After stopping more than 20 years…Reopening of the iron and steel factory in Basra

Prime Minister Muhammad Shiaa Al-Sudani opened the iron and steel factory in Basra Governorate, after it had been closed since 2003. Al-Sudani’s office said in a statement received by ABC Arabia, “Prime Minister Muhammad Shia’ al-Sudani opened in Basra the rolling mill, one of the factories of State Company For Iron and Steel, with a …

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World’s crude steel production declined by 1.6% in January 2024, and Arab countries increased

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.1 million tonnes (Mt) in January 2024, a 1.6% decrease compared to January 2023. Crude steel production by region Area Jan 2024 (Mt) % change Jan 24/23 Jan-Jan 2024 (Mt) % change  24/23 Africa 2.0 16.3 2.0 16.3 Asia …

World’s crude steel production declined by 1.6% in January 2024, and Arab countries increased Read More »

Muhaj Baghdad signs with Danieli to develop rolling mill plant

Muhaj Baghdad, an Iraqi-based company, has signed a contract with Danieli to develop a new 500,000-tpy rolling mill facility plant for rebar. The planned facility plant would use Danieli’s high-speed rolling technology to create high-quality rebar with a diameter of 10 to 40 mm. The plant will be constructed in the industrial district of Al-Hilla, …

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Iraq awards contracts for the construction of a new residential city worth $2 billion

Iraq laid the foundation stone for the construction of a new residential city project on the borders of Baghdad, with a budget of $2 billion. Two Chinese companies began construction of 30,000 housing units. The project comes within a plan to build five cities throughout Iraq. Contracts for four more cities are expected to be …

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World crude steel production increased by 3.3% in November 2023

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 145.5 million tonnes (Mt) in November 2023, a 3.3% increase compared to November 2022. Africa produced 1.8 Mt in November 2023, up 3.1% on November 2022. Asia and Oceania produced 104.8 Mt, up 2.2%. The EU (27) produced 10.6 …

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World crude steel production increased by 0.6% in October 2023

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 150.0 million tonnes (Mt) in October 2023, a 0.6% increase compared to October 2022. Africa produced 1.9 Mt in October 2023, up 3.5% on October 2022. Asia and Oceania produced 108.8 Mt, up 0.8%. The EU (27) produced 10.6 …

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Iraq: General Company for Iron and Steel announces the installation work commencement of the steel plant equipment

The General Company for Iron and Steel, one of the Ministry of Industry and Minerals formations in Basra Governorate in Iraq, announced the commencement of the installation work for the steel plant equipment and its engineering services. Abbas Hayal, the Company general manager, said in a statement that the Company has begun the process of …

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IMF forecasts for the economies of Arab countries for the year 2023

The International Monetary Fund has slightly lowered its global growth forecast for 2023 as the pace of interest rate hikes slows, but warned that severe financial system disruptions could drive output to near-stagnation levels. The fund stated in its latest report on global economic prospects that the risks of spreading infection in the banking system …

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Iraq: State Company for Iron and Steel and Ibn Majid sign a steel plant equipment installation contract

State Company for Iron and Steel and Ibn Majid General Company signed a steel plant equipment installation contract in the company. The Director General of State Company for Iron and Steel , Abbas Hayal, explained to the National Iraqi News Agency, based on the Prime Minister’s directives, Eng. Mohammed Shia Al-Sudani. And within the plan …

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Turkey’s flat steel exports declined for the first time since 2016, and Egypt leads the Arab countries

Turkey’s flat steel exports fell below 2 million tonnes for the first time since 2016 despite a significant expansion of cooperation with North African and Middle Eastern countries. Turkey’s flat steel (sheets and coils) exports amounted to about 1.77 million tonnes, down 31.4% year-on-year, according to the Turkish Statistical Institute (TUIK). Meanwhile, Turkey boosted its …

Turkey’s flat steel exports declined for the first time since 2016, and Egypt leads the Arab countries Read More »

$186.8 billion is the contribution of “building and construction” to the Arab economies

The Arab Monetary Fund revealed that the construction sector in the Arab countries has recovered from the effects of the “Covid-19” pandemic, and the sector’s contribution to the GDP for the year 2021 amounted to about $186.8 billion, compared to $178.3 billion in 2020, with a growth of 4.7%. The Fund added, in a report, …

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The decline in Turkey’s exports of HR flats to the regions of the world and its increase in the Arab countries

In October this year, Turkey’s HR flats exports decreased by 49.4% year-on-year to 141,059 tonnes, according to data from the Turkish Statistical Institute (TUIK). From January to October this year, Turkey’s HR flats exports reached 1.588 million tonnes, a decrease of 23.9% compared to last year. Despite the decline in Turkey’s HR flats exports to …

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Iraq’s Van Steel launches commercial rebar production

Despite numerous challenges, among which are the global economic headwinds and local political instability, a new steel facility has been commissioned in Iraq. Rather positive long-term prospects for rebar demand are the main reason for capacity expansion taking place in the Kurdistan region. Iraq’s Galiawa Group announced the launch of the second rolling mill at …

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The rise in the GDP of the Arab countries in 2022, with Saudi Arabia in the lead

The gross domestic product (GDP) at the current prices of the Arab countries is likely to rise by 21% this year to reach about $3.4 trillion, “representing 3.35% of the global economy,” compared to $2.81 trillion in 2021 “representing 2.92% of the global economy.” According to the monitoring unit of the reports in the “Al …

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Turkey’s longitudinally welded tube and profile exports up 9.4% in Jan-July, Egypt and Iraq were in the lead

In July this year, Turkey’s total longitudinally welded tube and profile exports decreased by 42.8 % to 122,405 metric tons compared to June and were up 35.1 % year on year, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $151.17 million, down 40.1 % month on …

Turkey’s longitudinally welded tube and profile exports up 9.4% in Jan-July, Egypt and Iraq were in the lead Read More »

Completing 90% of the iron and steel plant in Basra, with a production capacity of 500,000 tonnes

The General Iron and Steel Company revealed the stages of completion in the new factory, stressing that the completion rate has reached 90%, and the company explained that the remaining percentage is related only to data entry while indicating that the specified production capacity of the plant as a final product is in the range …

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Egypt tops the countries importing HRC steel plates from Turkey in  January – February 2022

Higher prices for global and domestic steel products in Turkey contributed to a significant increase in its flat steel products (HRC) exports in February, which rose by 43.5% year-on-year to 108,987 tons, according to the Turkish Statistical Institute (TUIK). North Africa topped the list of HRC buyers with a 40% share in February, with bookings …

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

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

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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State Company for iron and steel accomplishes 85% of the mechanical works

State Company for iron and steel, a company of the Ministry of Industry and Minerals, announced the completion of (85%) of the mechanical works in the reheating furnace of the rolling mill within the rehabilitation project. The general manager of the company, Abbas Hayal, mentioned in a statement to the media office in the ministry …

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STATE COMPANY FOR IRON & STEEL

Iraq STATE COMPANY FOR IRON & STEEL Capacity 2018 – 1000 tons COMPANY Pipes STATE COMPANY FOR IRON & STEEL 240 Capacity 2019 – 1000 tons COMPANY Long products pipes STATE COMPANY FOR IRON & STEEL 600 240