Vale SA plans to offer more lower-quality iron ore to meet the needs of a struggling steel industry, as it seeks to expand beyond its traditional role as a supplier of high-quality materials to the steel industry. New CEO Gustavo Pimenta laid out the strategy at an investor event in New York, saying the Rio …
Industry struggles push Vale to enter cheaper iron ore markets Read More »
Iron ore extended gains for a second straight day as China’s manufacturing activity expanded following Beijing’s stimulus measures to support the economy. The Caixin manufacturing purchasing managers’ index (PMI) rose to 51.5 last month, its highest since June. The survey on which the index is based showed new orders rose in November at the fastest …
Iron ore extends gains as China manufacturing activity improves Read More »
According to the data released by the World Steel Association (worldsteel), global direct reduced iron (DRI) production in the 13 countries accounting for approximately 91.4% of total world DRI production in 2023 amounted to 12.84 million metric tons in October this year, increasing by 19.9% month on month and by 17.1% year on year. Meanwhile, …
The Iron and Steel Company for Mines and Quarries announced achieving total sales in last October worth EGP 36.67 million. The company explained, in a statement to the Egyptian Stock Exchange today, that the sales of the Bahariya Oasis mines in October amounted to EGP 36.26 million. It added that the value of sales of …
Egypt: EGP 36.7 million in iron and steel sales for mines in October Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $338/ tonne, $6 down compared to last week’s prices. and iron ore prices $105 / tonne, $5 up compared to last week’s prices. While the prices of billets ranged between 445 – 475 Dollars per tonne, while it was between 455 …
According to the prices announced in the global steel markets, scrap prices amounted to $356/ tonne, $8 down compared to last week’s prices. and iron ore prices $96/ tonne, $6 down compared to last week’s prices. While the prices of billets ranged between 460 – 490 Dollars per tonne, while it was between 460 – …
China’s steel exports in October 2024 increased by 10.1% compared to the previous month – to 11.18 million tons. Shipments increased by 40.8% compared to October 2023. It is reported by Reuters. During January-October this year, Chinese producers exported 91.89 million tons of steel (+23.3% y/y), which already exceeds the total exports of 2023 and …
Iron ore prices fell for a second straight session, as investors were disappointed with China’s recent fiscal measures. Iron ore futures for December delivery on the Singapore Exchange fell 1.81% to $100.7 per ton at 10:57 a.m. Mecca time, after falling 2.5% earlier in the trading session, and 2.8% at the end of last Friday’s …
Iron ore prices fall by about 2%, approaching $100 per ton Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $364/ tonne, $1 up compared to last week’s prices. and iron ore prices $102/ tonne, $1 up compared to last week’s prices. While the prices of billets ranged between 460 – 493 Dollars per tonne, while it was between 470 – …
Steel prices in the second week of November 2024 Read More »
EMSTEEL Group, the UAE’s largest publicly listed steel and building materials company, and, Tadweer Group, Abu Dhabi’s waste management and recycling services leader, have signed a Memorandum of Understanding (MOU) to explore the use of alternative fuels and raw materials in creating green building materials. The agreement focuses on harnessing Tadweer Group’s production of Refuse …
China’s iron ore imports continued to rise in October, supported by improved profit margins in the steel industry thanks to recent government stimulus measures. China’s iron ore imports rose 4.48% year-on-year to 103.84 million metric tons in October, according to data released on Thursday by the General Administration of Customs. This is after imports recorded …
China’s iron ore imports rise 4.5% in October 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $363/ tonne, $2down compared to last week’s prices. and iron ore prices $101/ tonne, $1 Unchanged compared to last week’s prices. While the prices of billets ranged between 470 – 500 Dollars per tonne, while it was between 475 – 500 …
Iron ore prices fell after hitting a two-week high on rising port stocks in China, the world’s largest importer of the metal used in steelmaking. Singapore iron ore futures for November delivery fell 1.06% to $102.30 a tonne. This came after Shanghai-based steel market data provider Steel Home revealed that iron ore stocks at Chinese …
Iron ore prices fall 1% on rising Chinese stocks Read More »
Vale and Jinnan Iron and Steel Group have announced an investment of OMR 240 million to establish the first iron ore concentration plant in Sohar Port and Free Zone, which will boost the growth of the iron and steel sector in the Sultanate of Oman and consolidate the country’s position as a key player in …
Vale and Jinnan Iron and Steel Group announce investment of over $600 million Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $365/ tonne, $7down compared to last week’s prices. and iron ore prices $101/ tonne, $1 down compared to last week’s prices. While the prices of billets ranged between 475 – 500 Dollars per tonne, while it was between 475 – 510 …
The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in September amounting to EGP 31.89 million. The company explained, in a statement to the Egyptian Stock Exchange, that the sales of the Bahariya Oasis mines in September amounted to EGP 31.76 million. It added that the value of sales …
Egypt: EGP 32 million in iron and steel sales for mines in September Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $272/ tonne, $13 down compared to last week’s prices. and iron ore prices $102/ tonne, $5 down compared to last week’s prices. While the prices of billets ranged between 475 – 510 Dollars per tonne, while it was between 480 – …
Iron ore prices rose during Friday’s trading, trading above $100 per tonne after falling below this important psychological level yesterday as Chinese measures to support the housing market failed to improve investor sentiment. Iron ore futures prices for November delivery on the Singapore Exchange rose 2.04% to $101.65 per tonne at 12:46 p.m. Mecca time. …
Iron ore prices rise 2% to exceed $100 per tonne Read More »
Iron ore prices fell on Thursday, falling below $100 per tonne for the first time in nearly three weeks, indicating investors doubt the effectiveness of China’s property support measures. Singapore’s November iron ore futures fell 4.62% to $99.90 per tonne at 11:55 a.m. Mecca time, the lowest since September 26. China’s Housing Minister Ni Hong …
Iron ore falls more than 4.5%, trades below $100 Read More »
The Chinese government announced the discovery of high-grade iron ore deposits in east China’s Shandong Province, with estimated reserves of about 104 million tons. The Shandong Provincial Natural Resources Administration has identified 16 high-grade iron ore deposits in the Xihe-Yuecheng area of China, Xinhua News Agency reported. High-grade iron ore typically has a total iron …
China: 104 mln tons of iron ore reserves discovered Read More »
The Information and eGovernment Authority explained that during September, the Kingdom of Bahrain imported iron ores and non-agglomerated concentrates from Brazil worth 47.5 million dinars, with a volume of one million kilograms. The Authority issued its report on foreign trade statistics for the month of September 2024, where the report includes data on imports and …
Bahrain imports iron ores worth 47.5 million dinars from Brazil in September Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $385/ tonne, $17 up compared to last week’s prices. and iron ore prices $110/ tonne, $8 up compared to last week’s prices. While the prices of billets ranged between 470 – 495 Dollars per tonne, while it was between 455 – …
According to the prices announced in the global steel markets, scrap prices amounted to $368/ tonne, $1 up compared to last week’s prices. and iron ore prices $102/ tonne, $10 up compared to last week’s prices. While the prices of billets ranged between 455 – 585 Dollars per tonne, while it was between 455 – …
Iron ore prices traded on the Singapore Exchange continued to rise for the fourth consecutive day during Friday’s session, exceeding $100 per ton, supported by the monetary easing measures that China began implementing this week. Singapore iron ore futures prices rose by 3.68% to $102.15 per ton at 12:27 p.m. Mecca time, extending its gains …
Iron ore prices rise more than 3.5% to exceed $100 per ton Read More »
Iron ore prices rose sharply for a second day on speculation that China’s massive stimulus package will help boost demand for the metal. Iron ore briefly rose above $99 a tonne in Singapore before retreating, after closing up about 6% in the previous session. Beijing on Tuesday unveiled a raft of measures to support Asia’s …
Iron ore prices surge for second day, near $100 a tonne Read More »
Iron ore prices jumped during Tuesday’s trading, as China intends to take several expanded monetary easing measures to stimulate the economy and the real estate sector, which will revive demand for steel in the world’s second-largest economy. The most active iron ore futures prices on the Singapore Exchange rose by 4.74% to $93.70 per tonne …
Iron ore rises more than 4% on Chinese demand outlook Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $367/ tonne, $3 down compared to last week’s prices. and iron ore prices $92/ tonne, $1 down compared to last week’s prices. While the prices of billets ranged between 455 – 585 Dollars per tonne, while it was between 450 – …
Steel prices in the third week of September 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $6 up compared to last week’s prices. and iron ore prices $92/ tonne, $9 unchanged compared to last week’s prices. While the prices of billets ranged between 455 – 565 Dollars per tonne, while it was between 450 – …
Steel prices in the second week of September 2024 Read More »
Iron ore prices rose as investors assessed the prospects of an end to the bearish wave that pushed the price below $90 a tonne earlier this week, touching its lowest level in nearly two years. The most active iron ore futures contract on the Singapore Exchange jumped 2.52% to $92.90 a tonne at 10:08 a.m. …
Iron ore price fell below $90 a ton on Monday as the industrial metal faces challenges from weak demand in China and concerns about global growth. Citigroup Inc. predicted that uncertainty over the U.S. presidential election in November could slow the global economy and weigh on metal prices. In Singapore, iron ore prices fell 2.3% …
Iron ore price falls below $90 for first time since 2022 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 +21320343324 – +21320343357
Fax +21320343194
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
