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Arab Steel Summit

Libya

Memorandum of understanding between Libyan Iron and Steel Company and the Italian company Danieli

The Libyan Iron and Steel Company signed a memorandum of understanding with the Italian company Danieli to launch a project to implement a direct reduction plant. The Libyan company made the statement through its official Facebook account. The factory will produce two million tons of sponge iron and hot-molded iron annually. Sponge or hot-molded iron …

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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 »

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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LISCO announces that it has achieved the design capacity of DRI plant for the first time in 26 years

The Libyan Iron and Steel Company announced that it has achieved the design capacity of DRI plant in its third unit for the first time since its operation 26 years ago, and its production reaches 650 thousand tons of HBI iron, which is the design capacity of the plant. On Saturday evening, the company held …

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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 …

World crude steel production increased by 0.6% in October 2023 Read More »

Libyan Iron and Steel Company achieves record numbers in the production of DRI and HBI

The Libyan Iron and Steel Company announced the production of 102,223 tons of reduced iron (DRI) pellets during last October for the first and second units of the General Administration of Direct Reduction factories, with an increase rate of 123.78%, a number that has not been achieved for 12 years. The company also recorded a …

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Libyan Iron and Steel Company announces a discount on some products, November 1, 2023

On November 1, the Libyan Iron and Steel Company announced a reduction in the prices of some products in implementation of the Vice Chairman of the Board of Directors’ Decision No. 29/2023.   Product type and size Current price is D.L./ton Wholesaling Retail ٌRebar produced by factory produced (2), diameter (10) mm 3200 3220 Rebar  …

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Libyan Iron and Steel Company resumes flat steel production and achieves production above the target during September at DRI

After a hiatus that lasted for quite a while, the Libyan Iron and Steel Company announced a production exceeding 1,000 tons per day of hot-rolled coils of various sizes (thickness 2-3-4 mm, and width 1 meter – 1.25 meters – 1.50 meters) after the company-resumed production in its factories. The General Administration of Flat Rolling …

Libyan Iron and Steel Company resumes flat steel production and achieves production above the target during September at DRI Read More »

Report: Libyan Iron and Steel Company achieves production above the target in H1 2023

The Libyan Iron and Steel Company announced the results of its production and sales during the first of 2023. According to the official report from the company sent to the Arab Iron and Steel Union. The company achieved a production of Hot Briquetted Iron (HBI) amounting to 433.8 thousand tonnes, or 144.6% of the target, …

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ِAISU organizes a series of visits by a delegation from the Libyan Iron and Steel Company to steel companies in Egypt

Within the framework of the activities of the Arab Iron and Steel Union, the General Secretariat, in coordination with the Cairo Regional Office, organized a program of visits for the delegation of the Libyan Iron and Steel Company to a group of steel companies in the Arab Republic of Egypt within the framework of the …

ِAISU organizes a series of visits by a delegation from the Libyan Iron and Steel Company to steel companies in Egypt Read More »

Libyan Iron and Steel Company exports 37,000 tonnes of Hot Briquetted Iron “HBI” to Germany and Italy

The Libyan Iron and Steel Company announced on its Facebook page that the company had exported more than “27,000” tonnes of Hot Briquetted Iron “HBI” to Germany on Sunday, July 30, from the company’s port on the ship “S.Nibton”. On Monday evening, the ship “Immensity” entered to ship more than “10,000” tonnes to Italy of …

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World crude steel production declined by 2.4% in April 2023 

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 …

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The Minister of Labour and Rehabilitation visits the Libyan Iron and Steel Company

Board of Directors Chairman, “Dr Mohamed Abdul Malik El-Faqih”, received His Excellency the Minister of Labour and Rehabilitation, Engineer “Ali Al Abed Al-Reda” at the headquarters of the Libyan Iron and Steel Company, as part of the joint preparations for the celebration of Labour Day celebration, the first of May, which will be an official …

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World’s crude steel production declined by 1.0% in February 2023

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 …

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World’s crude steel production declined by 3.3% in January 2023

According to the preliminary data announced by the World Steel Federation on world production (64 countries) during January 2023, crude steel production amounted to 145.3 million tonnes, a decrease of -3.3% compared to January 2022 production. Africa produced 1.2 million tonnes of crude steel in January 2023, down by -4.9% from January 2022 and Asia …

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Libyan Iron and Steel Company exports 8,000 tons of Hot Briquetted Iron (HBI) to Turkey

The Libyan Iron and Steel Company continues its plan for the year 2023 by exporting 8,000 tonnes of Hot Briquetted Iron (HBI) – HBI to Turkey through the company’s port on board the tanker Michelle. A few days ago, the company announced the export of 17,500 tonnes of rebar to Albania, which is the first …

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Libyan Iron and Steel Company exports 17,500 tonnes of rebar to Albania

The Libyan Iron and Steel Company continues to expand its presence in the global market by announcing the export of 17,500 tonnes of rebar to Albania on “Lady Divina”. It is the first of the shipments that the company announced earlier, as it announced an agreement between the company’s external marketing department and several foreign …

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Libyan Iron and Steel Company announces iron prices, starting from January 29, 2023

Libyan Iron and Steel Company announces iron prices, starting from January 29, 2023 The Libyan Iron and Steel Company announced the company products’ prices starting from January 29. Reinforcing steel prices of all its kinds ranged between 3300 – 3600 Libyan dinars “wholesale and retail”. Wires are between 3680 – 4020 Libyan dinars. Flat products’ …

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Libyan Iron and Steel Company exports 10,000 tonnes of hot ductile iron (HBI)

The Libyan Iron and Steel Company announced the start of exporting 10,000 tonnes of hot-briquette iron (HBI) from the company’s port. The company indicated that the export operations would take over successively, bringing the shipped quantity to 64,000 tonnes during the coming period. At the same time, according to the General Manager of Marketing, Eng. …

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$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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World crude steel production declined by -2.6% in November 2022

According to the preliminary data announced by the World Steel Organisation about world production (64 countries) during November 2022, crude steel production amounted to 139.1 million tonnes, a decrease of 2.6% compared to November 2021 production. Africa produced 1.3 million tonnes of crude steel in November 2022, down by -11.4% from November 2021. Asia and …

World crude steel production declined by -2.6% in November 2022 Read More »

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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