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Arab Steel Summit

Crude Steel

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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India’s steel exports and imports rise in fiscal year 2023-24

India’s steel imports were initially estimated at 8.32 million tonnes in FY 2023-24, up 38% year-on-year making the country a net importer of steel, data from the Joint Plants Committee (JPC) of the Ministry of Steel showed. According to the data, India’s steel exports were initially estimated at 7.48 million tonnes during 2023-24, an increase …

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India intends to increase steel capacity by more than 22 million tons in 2024

India’s leading steel companies, including JSW Steel and Tata Steel, plan to invest heavily in increasing steel capacity by at least 22 million tons per year in the 2024/2025 fiscal year. This was reported by Nasdaq. Indian companies are trying to increase production capacity to record levels to capitalize on growing domestic demand for steel …

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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 »

ArcelorMittal to receive €1.3 billion funding for decarbonization projects at Bremen and Eisenhüttenstadt

Luxembourg-based steelmaker ArcelorMittal has announced that it will receive around €1.3 billion in funding for its decarbonization projects at its Bremen and Eisenhüttenstadt plants in Germany from the country’s Federal Ministry for Economic Affairs and Climate Action. The funding, which is subject to the approval of the European competition authority, relates to an overall project …

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Tunisia : Ministry of Economy applies for a loan from the European Bank for the benefit of ELFOULADH company

The Minister of Finance, who is in charge of running the Ministry of Economy and Planning in Tunisia, Siham Al-Boughdiri Namsiya, confirmed that the Ministry of Economy has approached the European Bank for Reconstruction and Development to obtain a loan worth $70 million with the aim of renewing the means of production of the “ELFOULADH” …

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India’s Tata Steel intends to eliminate 2,800 jobs in the steel sector in the United Kingdom

Indian company Tata Steel announced on Friday that it will close both blast furnaces at its plant in Port Talbot, British Wales, cutting 2,800 jobs, as part of a plan to make its unprofitable UK operations smaller and environmentally cleaner. Tata plans to switch from coal-fired blast furnaces to electric arc furnaces, which emit less …

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Nucor Steel Brandenburg opens a new facility housing one of world’s largest continuous casting plants

Nucor Steel Brandenburg has celebrated the inauguration of the new greenfield facility at the Buttermilk Falls Industrial Park site located on the Ohio River in Brandenburg, Kentucky. It is one of the world’s largest and most advanced continuous casting plants, which is capable of producing 1.45 million tons of slabs per year in widths of …

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Cooperation between SMS Group and El-Marakby Steel to evaluate Melt shop to improve production

In early 2023, Al Marakby Steel Company commissioned SMS Group to evaluate the company’s melt shop and by early November 2023, the evaluation was completed. The overall goal of the evaluation was to improve production and performance to reduce the plant’s need for additional processing, which facilitated a 10% increase in production. As market demands …

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The Minister of Industry and Pharmaceutical Production visits the Algerian Qatari Steel

The Minister of Industry, Mr. Ali Aoun, made a working visit to the Belara Iron and Steel Company (Algerian Qatari Steel ), accompanied by the Governor of Jijel State, the President of the State People’s Assembly, and the President and General Manager of the CEDAR Complex. First, after His Excellency the Minister of Industry listened …

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Bahrain : Sulb reports strong production performance in 2023

Steel producer Sulb has achieved significant production milestones in 2023, with notable increases across its operations, the company said in a statement. The company’s melt shop reached a production of 1.265 mln tons. while the direct reduction plant hit 1.619 mln tons, and the heavy section mill achieved 653,000 tons. Additionally, Saudi Sulb marked a …

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Sider El-Hadjar : Production units begin their activities after restarting the blast furnace

The production units of Sider El-Hadjar complex in Annaba have begun their activities. This is after the process of restarting the blast furnace, according to what was reported today, Wednesday, in a statement by the “Imetal Group”. Imetal Group explained in its statement that “actual production has begun” for Sider El-Hadjar complex, which is affiliated …

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SMS group successfully digitalizes Turkish Kardemir’s blast furnace No.5

Turkish plant operator Kardemir has partnered up with SMS group to digitalize blast furnace 5 in its Karabük plant. This is an important step in the partnership between SMS group and Kardemir, Türkiye’s oldest blast furnace operator. The development and installation of BFXpert in BF5 allows Kardemir to fully control and monitor the entire metallurgical …

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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 …

World crude steel production increased by 3.3% in November 2023 Read More »

Ukraine: The cost of Metinvest Group’s green steel transformation is approximately $9 billion

The green transformation of Metinvest Group’s Ukrainian assets could cost about $9 billion. Yuriy Ryzhenkov, CEO of Metinvest, told Forbes in an interview. At the same time, he noted that Ukraine has already lost at least two years to start this process due to the war. According to the Group’s CEO, the implementation of the …

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China to accelerate decommissioning of obsolete steel capacities

China’s State Council recently published an action plan to improve the country’s air quality as part of its efforts to promote quality economic development. In particular, it refers to the need to accelerate the elimination of old facilities in key industries, including steel. According to the plan, by 2025, the density of suspended particulate matter …

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UAE: Research on green steel production in Khalifa Industrial City

Liberty Steel, a global steel producer, signed a memorandum of understanding with Abu Dhabi Ports Group to develop solutions to import high-quality magnetite iron ore from Australia to the United Arab Emirates. The agreement would play an important role in decarbonising international iron and steel production by combining Liberty’s access to 4 billion tonnes of …

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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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ArcelorMittal plans to increase capacity utilization to 50% in 2024

In 2024, ArcelorMittal Kryvyi Rih plans to increase its production capacity utilization from 30% to 50%. This was stated by the company’s CEO Mauro Longobardo during a meeting with a German delegation, Metallurg newspaper reports. According to him, the plant is ready to increase production as soon as possible and support Ukraine in its post-war …

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POSCO plans to produce all steel using hydrogen by 2050

South Korean steelmaker POSCO plans to complete the commercialization of its HyREX , and by 2050, switch its steel mills in Pohang and Gwangyang to steel production based entirely on hydrogen reduction technology. The company will use green hydrogen using HyREX technology to produce direct reduced iron (DRI) for electric arc furnaces. The steelmaker is …

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Oman: Laying the foundation stone for establishing an integrated green steel factory in Duqm

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 …

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Saudi Arabia mining strategy boosts steel demand for the next ten years

Deputy Minister of Industry and Mineral Resources for Mining Affairs, Engineer Khalid bin Saleh Al-Mudaifer, confirmed that the mining strategy in the Kingdom of Saudi Arabia will enhance the increase in demand for steel in the Kingdom during the next ten years. This came during his participation in the activities of the Arab Mining Conference …

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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 »

Emirates Steel Arkan and Masdar to develop first project to produce steel based on green hydrogen

Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, has partnered with Emirates Steel Arkan, (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, to develop an innovative green hydrogen project to decarbonize the hard-to-abate steel sector in the UAE. The …

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ArcelorMittal’s steel production fell by 3.1% in January – September 2023

ArcelorMittal, one of the world’s largest steel producers, reduced steel production in the January-September 2023 period by 3.1% compared to the same period in 2022 to 44.4 million tons. Exports decreased by 2.3% year-on-year to 42.3 million tons. This was stated in the quarterly report published on the company’s website. Iron ore production in the …

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