According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production in December 2024 amounted to 3.7 million tons, an increase of 3.2% compared to December 2023. Egypt topped Arab countries in steel production in December with a production volume of 991.2 thousand tons, an increase …
Arab countries’ crude steel production to rise by 2.6% in 2024 Read More »
Al-Oula Steel Manufacturing Company announced its official entry into the subsidized building materials market in Kuwait, in line with Ministerial Resolution No. 222 of 2024 issued by the Ministry of Commerce and Industry, which is considered an important step to reduce the financial burdens on coupon owners. The new resolution aims to achieve greater efficiency …
Al-Oula Steel enters the subsidized building materials market in Kuwait Read More »
According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production amounted to 3.6 million tons in October 2024, an increase of 0.4% compared to October 2023. Egypt topped Arab countries in steel production in October with a production 950,000 tons and a decline of 7.3%. …
Arab countries’ crude steel production rises by 1.7% in January-October 2024 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 »
According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production amounted to 3.4 million tons in July 2024, an increase of 2.7% compared to July 2023. July 2024 production was. Egypt topped Arab countries in steel production in July with a production volume of 959 …
Arab countries’ crude steel production increases by 4.9% in January – July 2024 Read More »
The Director General of the General Administration of Customs, Abdullah Al-Sharhan, issued a decision to extend the increase in customs duties on rebar and wire rod from 5 percent to 10 percent for a full year. Al-Sharhan’s decision comes in addition to Customs Instructions No. 2 of 2023 regarding raising customs duties on iron imports, …
Kuwait: Customs extends 10% increase in steel import duties Read More »
According to the latest report issued by the World Steel Organization on crude steel production, the Arab countries’ production of crude steel reached 3.2 million tons in June 2024, a decline of 0.4% compared to June 2023. The production of June 2024 was the lowest since May 2023. Saudi Arabia topped the Arab countries in …
Arab countries’ crude steel production increased by 5.3% in H1 of 2024 Read More »
Fitch Ratings maintained the credit rating of Kuwait’s long-term foreign currency bonds at “AA-” with a stable outlook. Fitch Ratings said in its report that Kuwait’s rating is supported by its “exceptionally strong” financial and external balance sheet. On the other hand, the agency pointed out the limitations surrounding the classification, which are summarized in …
Fitch confirms Kuwait’s rating at “AA-” with a stable outlook Read More »
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 …
In December 2023, Turkey’s steel exports to the Gulf region saw a 6% decline compared to the previous month, according to the Turkish Statistical Institute (TUIK). Total steel exports for December amounted to 11,710 tons, compared to exports of 12,467 tons in November. The value of exports decreased by 4%, reaching US$9.1 million. Turkey’s steel …
Türkiye’s steel exports to GCC decline in December 2023 Read More »
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135.7 million tonnes (Mt) in December 2023, a 5.3% decrease compared to December 2022. Africa produced 1.9 Mt in December 2023, up 17.7% on December 2022. Asia and Oceania produced 96.4 Mt, down 9.7%. The EU (27) produced 9.1 …
World crude steel production declined in December Read More »
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 …
World crude steel production increased by 3.3% in November 2023 Read More »
Condolence In the name of God, the most gracious, the most merciful His Excellency Mr. Awaad Al-Khalidi Chairman of Kuwait Steel Company Chairman of the Board of Directors of the Arab Iron and Steel Union It is with great sadness and sadness that we received the news of the death of the late His Excellency …
At a time when the General Authority for Roads and Land Transport is studying the completion of bids for the tender work of study, design and preparation of documents for the railway project in its first phase, a government report stated that the tender No. (1 AH I/I) for the project of study work, detailed …
5% of Kuwait’s share of the Gulf Railway, with a length of 111 km Read More »
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 …
World crude steel production increased by 0.6% in October 2023 Read More »
The Central Agency for Public Tenders authorized the General Authority for Roads and Land Transport to complete bids for the detailed study and design project agreement, and to prepare documents for the first-stage railway tender, after the Authority opened the 9 bids submitted for the tender. Authority sources pointed out that completing the agreement’s bids …
MEED magazine reported that the Al-Oula Steel Manufacturing Company has started operating a new facility for the production of rebar with a production capacity of 250,000 tonnes of rebar annually, according to sources in the industry, who revealed that the operation began last month after three years of development at a total cost of 6 …
A new line for the production of rebar in Kuwait at a cost of 6 million dinars Read More »
Domestic prices in Kuwait remained unchanged for May, the third month in a row, and the country’s sole manufacturer of rebar offers its May supply at KD205/tonne ($666/tonne) EXW. Prices are indicated without 5% Value Added Tax in Kuwait. Kuwaiti dinar = 3.27 US dollars1
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 …
IMF forecasts for the economies of Arab countries for the year 2023 Read More »
In December of last year, Turkey’s import volume of billet slabs decreased by 2.0% compared to November 2022 to reach 266,540 tonnes, up 23.2% year on year, according to data from the Turkish Statistical Institute (TUIK). The total value of these imports amounted to $154.4 million, down by 1.8% monthly and up by 3.0% annually. …
Turkey imports 2.52 million tonnes of pellets in 2022, and Oman leads the Arab countries Read More »
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, …
$186.8 billion is the contribution of “building and construction” to the Arab economies Read More »
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 …
The rise in the GDP of the Arab countries in 2022, with Saudi Arabia in the lead Read More »
Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in the city of Manama, Kingdom of Bahrain, the federation honored the founders of the federation on the occasion of the fiftieth anniversary of the founding of the …
Honoring the founders of Arab Iron and Steel Union Read More »
Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in the city of Manama in the Kingdom of Bahrain, the chairmen of the union were honored on the occasion of the fifty years since the founding of …
Honoring the chairmen of Arab Iron and Steel Union Read More »
Official data revealed that Kuwait imported base and manufactured metals of about 803 million dinars in 2021, and iron and steel products accounted for 71% of the total, with a value of 568 million dinars.
A Reuter’s poll of economists said that the economic growth of the Gulf Cooperation Council countries would accelerate this year to a pace not seen in the last ten years, and experts said that high inflation and a slowdown in the global economy are the most significant risks. Crude prices, the main driver of Gulf …
GCC countries’ economies will grow by 5.9% in 2022 Read More »
The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Imported Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 295 10 mm Kuwait Ton 295 12 mm Kuwait Ton 295 14 mm Kuwait Ton 295 16 mm Kuwait Ton 295 Domestic Rebar Size Origin …
The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 265 10 mm Kuwait Ton 265 12 mm Kuwait Ton 265 14 mm Kuwait Ton 265 16 mm Kuwait Ton 265 Imported Rebar Size Origin …
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]
