The foundation stone was laid yesterday in the Special Economic Zone in Duqm for an integrated factory project to produce green iron from hydrogen, with investments exceeding $3 billion (one billion and 158 million Omani riyals), to serve as a new start for industrial development in the Sultanate of Oman. The project implemented by Folken …
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 »
Oman and Etihad Rail Company, the developer and operator of the railway network linking the Sultanate of Oman and the UAE, signed a memorandum of understanding with Emirates Steel Arkan , the largest iron and building materials Production Company in the UAE, to export raw materials from the Sultanate of Oman to the UAE. Under …
An agreement between Oman, Etihad Rail and Emirates Steel Arkan to transport limestone Read More »
In June this year, Turkey’s billet and bloom import volume declined by 14.2% month on month and by 19.2% year on year to 266,007 mt, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $167.73 million, down by 15.3% month on month and by 30.7% year on …
Oman and Etihad Rail signed a memorandum of understanding with Jindal Steel and Energy Company. With the aim of providing sustainable logistical solutions to transport up to 4 million tons annually of “Jindal” raw materials and products. From its industrial complex in the port of Sohar to the United Arab Emirates, via the Emirati-Omani railway …
“Khalifa Economic Zones Abu Dhabi -Kezad Group” and “Al Jazeera Steel” Company laid the foundation stone for the establishment of a rolling mill for medium structural sections, the first of its kind in the region to manufacture and produce railway rails, with investments amounting to 250 million dirhams on an area of 210 thousand square …
Al Jazeera Steel invests 250 million dirhams in Kezad Read More »
”Al Jazeera Steel” company profits, which works in the manufacture of iron pipes, declined to 2.03 million Omani riyals (16 baisas / share) at the end of the first half of 2023, compared to profits of 2.82 million riyals achieved in the same period in 2022. Income List Period First Half 2022 First Half 2023 …
The Emirates Steel Arkan Group signed a memorandum of understanding with Al Jazeera Steel Products Company (AJSP), which specializes in manufacturing iron products in the Sultanate of Oman, to establish a strategic cooperation system that allows them to benefit more from their common experiences and seize new opportunities in the sector. The signing of the …
ENGIE, a provider of low-carbon energy service solutions, and POSCO, the largest steel maker in South Korea, announced their role in an alliance aimed at promoting renewable energy resources in Oman by developing a green ammonia project with a capacity of 1.2 million metric tons. Other partners in the alliance include Samsung Engineering, Korea East-West …
The US Department of Commerce (DOC) has announced the results of its administrative review of anti-dumping (AD) duties on welded quality round carbon steel pipe from the Sultanate of Oman for the periods December 1, 2019, through November 30, 2020, and December 1, 2020, through November 30, 2021. Accordingly, the Ministry decided that Oman’s steel …
Within the framework of its strategy to enhance sustainability, Jindal Shadeed Iron and Steel – the largest producer of iron and steel in the private sector in the Gulf Cooperation Council countries – participated in a series of pioneering initiatives aimed at reducing carbon dioxide emissions resulting from its activities. As these initiatives embody Jindal …
Vale Company signed a land reservation agreement with the Port of Duqm Company to establish an integrated green iron industrial complex in the Special Economic Zone at Duqm on an area of 6.78 km. It will include three plants described in ore concentration, green briquetting, and reduced iron. Vale also signed a memorandum of understanding …
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 Public Authority for Special Economic Zones and Free Zones signed a memorandum of understanding with the Japanese companies -Kobe Steel- and -Mitsui and Partners Ltd to establish a reduced iron plant in the Special Economic Zone at Duqm with a production capacity estimated at 5 million tonnes of reduced iron annually. Likewise, the two …
Oman and Etihad Rail Company, the developer and operator of the railway network linking the Sultanate of Oman and the UAE, and Mubadala Investment Company (Mubadala) signed a cooperation agreement to develop the railway network linking Oman and the UAE, which extends over a distance of 303 km, with a total investment value of $3 …
Accelerate the development of the railway network between the Emirates and Oman 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 »
In October this year, Turkey’s billet and bloom import volume declined by 22.5 % month on month to 239,431 mt, down by 227.4 % year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $136.64 million, up by 17.2 % month on month and by …
Turkey’s billet imports down 18% in January-October 2022 Read More »
The Public Authority for Special Economic Zones and Free Zones of Oman, an Omani government economic agency, has signed a memorandum of understanding with the Jindal Shadeed Group to build a green iron production plant with investments of $3 billion in Oman, according to Oman News Agency. The agency added that the factory would be …
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 »
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 Fax +21323304254
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
