The Media Center of the Arab Iron and Steel Union has issued the nineteenth edition of the Arab Steel Bulletin in its Arabic and English versions. This week's edition covers several issues concerning the Arab and global steel industry, including price indicators, raw materials, Arab and global market movements, developments related to production volume and surplus in countries worldwide, and other projects in infrastructure, sustainability, and investments. It also reviews the most prominent headlines in the fields of energy, minerals, shipping, and logistics.
- The new edition celebrated Eng. Saeed Ghumran Al-Rumaithi, Chairman of the Board of Directors of Emirates Steel (MSteel) and Vice President of the Arab Iron and Steel Union. In a special interview with the Arab Steel Bulletin, he affirmed that MSteel seeks to consolidate its position as a global player in the sustainable iron industry and enhance the presence of its high-value products in international markets.
The edition addressed several prominent issues, including:
- The editorial discussed Arab billets between production surplus and market imbalance, highlighting the sharp disparity in the Arab steel industry landscape.
- The investigation delves into the billet crisis in Egypt, titled "Egyptian Steel Industry Facing Origin, Dumping, and Protection Tests."
- The World Steel Association's monthly report on China, reviewing China's 15th Five-Year Plan.
- The European Steel Association (EUROFER) report highlights loopholes in the Carbon Border Adjustment Mechanism (CBAM) and calls for Members of the European Parliament to act to close them, while warning of foreign producers circumventing the mechanism.
- The American Iron and Steel Institute (AISI) issues its weekly bulletin, noting a 1.9 million-ton increase in crude steel production.
- Conclusion of the training course organized by the Arab Iron and Steel Union in cooperation with Ezz Steel, held from September 13-17, on financial modeling.
- Southeast Asian markets report, discussing the steel situation in the region between the drought in Indonesian rivers and the boom in Vietnamese production.
- In the shipping and logistics section, the edition highlighted the Egyptian waterway, the Suez Canal, and its regained position on the high seas trade network.
- Fastmarkets launches indicative prices for scrap iron and steel.
- The edition covered the events of September 11th from an industrial and economic perspective, tracing the journey of the World Trade Center towers' steel over a quarter-century, its transformation into scrap in the global market, its use as evidence in scientific laboratories, and its symbolism of strength in the US Navy.
- The automotive industry in Algeria: 300 billion dinars allocated to build a local component base.
- Saudi Arabia expands its bets on underground wealth, from gold and copper to uranium and rare earth minerals.
The Arab Steel Bulletin is part of the weekly media service provided by the Union's Media Center to the Union's members, industry professionals, investors, and those interested in the iron and steel sector.
