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Arab Steel Summit

Qatar

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 »

Türkiye’s steel exports to GCC decline in December 2023

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 …

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Qatar Energy awards contracts worth $6 billion for the project to develop the largest oil field in Qatar

Qatar Energy Company announced the award of contracts worth $6 billion for a project to increase oil production from Al Shaheen Field, the largest oil field in Qatar, by about 100,000 barrels per day. According to a statement published by Qatar Energy Company on its website, four main contract packages have been awarded for engineering, …

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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 …

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

Qatar Steel acquires Qatar for rebar production

Industries Qatar, one of the largest industrial companies in the region with multiple activities in a wide range production of petrochemicals, chemical fertilizers, and iron and steel products, announced the completion of all shares acquisition of Qatar Rebar Production Company by its subsidiary, Qatar Steel. The total amount of 346 million Qatari riyals, excludes cash …

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Algerian Qatari Steel Company is a model of successful Arab partnerships

In recent years, Algeria has transformed from an importer of iron and steel – especially reinforcing steel – into an exporter thanks to two factories, one of which is the result of a partnership between the Algerian government Cedar Group with a share of 46% and the “Qatar Steel International” company affiliated with Qatar Mining …

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Industries Qatar agrees to Qatar Steel’s potential acquisition of Al Qataria for the Production of Reinforcing Steel

Industries Qatar Company, “Industries Qatar” or “the Group”, one of the largest industrial companies in the region, with  activities in the production of a wide range of petrochemicals, chemical fertilizers and iron and steel products, announced that the Company’s board of directors has approved in principle the proposed acquisition offer of the entire shares of …

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World crude steel production declined by 5.1% in May 2023 

According to the preliminary data announced by the World Steel Organization about world production (63 countries) during May 2023, crude steel production amounted to 161.6 million tonnes, a decrease of 5.1% compared to the production of May 2022. Africa produced 1.3 million tonnes in May 2023, up 18.6% from May 2022. Asia and Oceania produced …

World crude steel production declined by 5.1% in May 2023  Read More »

Qatar Steel Industries Factory strengthens its presence locally

Ali Ahmadi, Executive Director of the Qatar Steel Industries Factory, said that the factory has succeeded in strengthening its presence in the Qatari market with the support of its distinguished products, advanced technology, sources of high-quality raw materials, maintaining the best services to customers and strengthening the strong distribution network. Ahmadi revealed that the factory …

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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 …

World crude steel production declined by 2.4% in April 2023  Read More »

Qatar Steel develops the SwingDoorTM electric oven in cooperation with INTECO PTI

PTI has received an order from Qatar Steel to supply SwingDoorTM equipment for the development of the company’s electric furnace. The new SwingDoorTM technology will help improve slag foam control by keeping the slag door closed for almost the entire heating period. And the slag door will only be opened for annealing temperature sampling and …

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World crude steel production increased by 1.7% in March 2023

According to preliminary data announced by the World Steel Organization on world production (63 countries) during March 2023, crude steel production amounted to 165.1 million tonnes, an increase of 1.7% compared to March 2022 production. Africa produced 1.4 million tonnes in March 2023, an increase of 8.4% compared to March 2022. Asia and Oceania 124.8 …

World crude steel production increased by 1.7% in March 2023 Read More »

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 …

IMF forecasts for the economies of Arab countries for the year 2023 Read More »

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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Qatar Steel achieved a profit of 888 million Qatari riyals in 2022

Qatar Steel achieved a net profit of QR 888 million in 2022, an increase of 24% compared to last year. The profit improvement was mainly driven by higher revenues, which increased by 10% compared to 2021. In addition, Foulath Holding Company, an associate company that mainly produces and sells iron oxide pellets, reported commendable financial …

Qatar Steel achieved a profit of 888 million Qatari riyals in 2022 Read More »

Qatar Steel received its Earthna Qatar Sustainable Construction Materials Certification overseen by CARES

Qatar Steel Company has successfully received Qatar Sustainable Construction Materials Certification (Qatar Sustainability Label – Certificate of Registration (CoR)) with a “Good” rating from CARES and Earthna (Member of Qatar Foundation) after the desktop review audit by fulfilling the certification scheme requirements. Qatar Steel is the first approved company in its sector to achieve this …

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World’s crude steel production declined by 4.3% and Egypt leads the Arab countries.

According to the preliminary data announced by the World Steel Association on world production (64 countries) during December 2022, crude steel production amounted to 140.7 million tonnes, a decrease of -10.8% compared to December 2021 production. Africa produced 1.1 million tons in December 2022, down by -8.9% from December 2021. Asia and Oceania produced 104.9 …

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Russia includes the Egyptian pound in the list of foreign currencies, which may lead to a billet trade increase

Russian Central Bank announced setting the official rates of the ruble against nine other foreign currencies, including the Egyptian pound, the UAE dirham, the Qatari riyal, the Thai baht, the Vietnamese dong, the Serbian dinar, the New Zealand dollar, the Georgian lari, and the Indonesian rupiah. The new decision will allow Egypt and Russia to …

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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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World crude steel production increase by 3.7 % in September 2022

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes (Mt) in September 2022, a 3.7% increase compared to September 2021. Africa produced 1.4 Mt in September 2022, up 1.0% on September 2021. Asia and Oceania produced 113.0 Mt, up 10.6%. The EU (27) produced 10.7 …

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