Morocco’s leading flat steel producer, Maghreb Steel, reported a 5pct YoY revenue growth in H1 2024, driven by increased domestic and export sales. The company’s sales revenue reached MHD 2.55 bln (USD 260 mln) in the first half of 2024, up from MHD 2.43 bln in the same period last year. Maghreb Steel also experienced …
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 »
In June this year, Turkey’s hot rolled coil (HRC) exports amounted to 243,772 metric tons, up by 20.9% compared to May and up by 179.9% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $151.62 million, increasing by 15.4% compared to …
Turkey’s HRC exports increase by 120% in H1 2024 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 »
Maghreb Steel, the top flat steel producer in Morocco, has reported a 5pct YoY growth in revenue, driven by a rise in domestic sales. In the first quarter of 2024, the company’s sales revenue reached MHD 1.271 bln (USD 126 mln), marking a slight increase from MHD 1.206 bln recorded in the corresponding quarter of …
Maghreb Steel’s revenue climbs in Q1 2024 amid surge in sales 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 …
The Moroccan Ministry of Industry and Trade revealed duty-free quotas for cold-rolled and coated steel products. You do not have permission to access the content If you have a valid account on the site, Login | or Signup Username Password Login Types of packages Free Users Site Member AISU Members Members Members 🟢 🟢 🟢 …
Morocco announces duty-free quotas for cold rolled and coated steel imports in 2024 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 »
Sonasid Group, the leading national steel company, has obtained the International Environmental Product Declaration (EPD) certificate for its long steel products (rebar and wire rod), thus becoming the first producer of long steel products in Morocco to obtain this certificate. “A certificate confirms the group’s position as a leading African company in the production of …
Morocco: Sonasid obtains EPD certification for long steel products Read More »
Morocco has decided to terminate safeguard measures on the imports of rebar and wire rods starting October 16, 2023. The cessation follows the completion of the safeguard measure’s full 10-year period, encompassing provisional measures, the initial application, and subsequent extensions. Morocco had implemented these safeguard measures, imposing a tariff of MAD 550 (USD 54) per …
Morocco ends safeguard measures on rebar and wire rod imports 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 Secretariat General of the Arab Iron and Steel Union extends its deepest condolences and sincere sympathy to the brotherly Moroccan people and the victims’ families of the earthquake that struck the country, claiming the lives of many people, the injured and the missing, and left great destruction. Asking the Almighty God to inspire their …
In June this year, Turkey’s total welded tube exports increased by 38.0% month-on-month to reach 201,678 tonnes and decreased by 11.0% year-on-year, according to data provided by the Turkish Statistical Institute (TUIK). The value of these exports amounted to $205.06 million, an increase of 33.4% on a monthly basis, and a decrease of 25.9% compared …
Morocco leads the Arab countries importing steel tubes from Türkiye in H1 2023 Read More »
In May this year, Türkiye’s hot rolled steel coils total exports increased by 25.8% compared to April but decreased by 39.8% year-on-year to reach 83,336 tonnes, according to the Turkish Statistical Institute (TUIK). The value of these exports amounted to $63.54 million, which increased 28.7% monthly but down by 56.7% compared to 2022. From January …
The Moroccan Ministry of Industry and Commerce announced the protective duties extension on hot-rolled steel imports. The decision came after a review investigation that started on January 26, 2023, at the request of the Moroccan Steel Company, the sole flat steel producer.
Steel sector in Morocco managed to achieve strong results last year despite many challenges and the unfavourable global geopolitical situation due to the Russian-Ukrainian war, large fluctuations in prices and supply chains interruption. Steel industry benefited from the commercial activity recovery after controlling the Coronavirus pandemic and the increase in demand as of huge investments …
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 »
The Moroccan Ministry of Industry and Trade issued a final decision imposing dumping duties on imports of galvanized wire from Turkey with a thickness of 0.85 mm based on a request dated January 26, 2022, from Somatref, Sicoterm, Galvafil, and Sodefer on behalf of the galvanized wire producers, and the investigation was closed on February …
Morocco imposes duties of 21%-61% on galvanized steel wire from Turkey Read More »
After several years of imposing protective duties on HR flat steel imports, the Moroccan government intends to conduct an investigation aimed at maintaining the imposition of duties. Ministry of Industry and Trade announced the start of an investigation into extending the preventive measures imposed on flat steel products imports from January 26, 2023, according to …
Morocco begins an investigation into a protection duty extension on flat steel imports Read More »
In November last year, Turkey’s total exports of hot-rolled (HRC) steel flats decreased by 34.8% to 71,116 tonnes compared to October and decreased by 54.0% year-on-year, according to the Turkish Statistical Institute (TUIK).
Turkey’s steel billet exports fell to a critical minimum in November 2023 as Turkey exported only 6,063 tonnes, according to the Turkish Statistical Institute (TUIK). The volume of exports decreased significantly on an annual basis and on a monthly basis, as pellet exports reached 47,297 tonnes in November 2021 and 46,944 tonnes in October 2022. …
Morocco imports more than 50% of Turkey’s exports of billet Read More »
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 …
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 »
The transactions of Maghreb Steel amounted to MAD 2.9 billion in H1 of 2022, an increase of 38% compared to the same period in 2021. Maghreb Steel announced that the transactions amounted to MAD 1.45 billion in Q2 of 2022, compared to MAD 1.09 billion in Q2 of 2021, explaining that this improvement is the …
Maghreb Steel achieves record returns due to high prices Read More »
Turkiye registered a decline in June billet export for the second month in a row, continuing the downward trend of January-June 2022 in international trade. Local steelmakers exported 79,946 t of billet in June, reducing shipments by 12.3% year-on-year, according to the Turkish Statistical Institute (TUIK).
In May this year, Turkey’s steel exports decreased by 19.7% year on year to 1.63 million tonnes, while the value of exports increased by 11% year on year to reach $1.9 billion. According to CIB data, Turkey’s total steel exports amounted to 8.78 million tonnes in the first five months of 2022, down by 2.6% …
Turkey’s steel exports fell in January-May, while they rose to Egypt and Morocco 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 – +21323304239
Fax +21323304254
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
