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Arab Steel Summit

CIS

Ukraine’s exports of semi-finished steel products to the EU increased by 38.2% In Q1 of 2024

In March 2024, Ukraine’s exports of semi-finished steel products to the EU increased by 10.7% M-o-M and by 78% Y-o-Y, to 110.8 thousand tons. The value of these exports increased by 12.7% month-on-month and 74% year-on-year to €58.94 million. In Q1 of 2024, Ukraine exported 291.6 thousand tons of semi-finished steel products to the EU, …

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Ukraine’s iron ore exports increased 2.3 times in January-April 2024

In April 2024, Ukraine’s iron ore exports increased by 2% compared to the previous month, reaching 3.41 million tons. Compared to April 2023, exports increased twice. This is according to data from the government customs department. Ukraine’s revenues from iron ore exports last April amounted to $265.23 million, a decrease of 14.6% on a monthly …

Ukraine’s iron ore exports increased 2.3 times in January-April 2024 Read More »

Turkey’s steel export value up 25.4% in January – February 2023

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in February this year Turkey’s foreign trade deficit decreased by 44.2% to $6.77 billion compared to February 2023. In the January-February period this year, Turkey’s foreign trade deficit went down by 51.0% year on year to $12.95 billion. In February, Turkey’s …

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A fire breaks out in a Russian steel factory on the second anniversary of the war

The governor of the Russian Lipetsk region, Igor Artamonov, said on Saturday that a fire broke out at the main factory of the Russian steelmaker NLMK, on the second anniversary of the war in Ukraine. The governor added that preliminary data indicate that the fire that broke out at the Novolipetsk steel plant was caused …

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Russia’s steel consumption surged by 7% in 2023

Russia’s steel consumption increased in 2023 by 7% year-on-year to 46.3 million tonnes, Russian steelmaker Severstal estimates – Kallanish . The main drivers of Russia’s economic growth remain large-scale infrastructure projects and projects aimed at import substitution across all major sectors, with a primary focus on engineering and manufacturing. Although the Russian economy experienced growth …

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Ukraine exported 1.2 million tons of semi-finished products in 2023

In December 2023, Ukraine exported 98.72 thousand tons of semi-finished products, up 40.7% month-on-month and 31.4% y/y. Export revenue for the month increased by 42.7% m/m and 5.9% y/y. The average monthly export volume of semi-finished products for the year amounted to 100.3 thousand tons, compared to 158.3 thousand tons in 2022. In 2023, Ukrainian …

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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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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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Ukraine’s pipes production increased by 5.1% during January-September 2023

In September 2023, Ukrainian pipe companies produced 36.9 thousand tons of pipes, a decrease of 10.2% compared to September 2022. A decrease of 11.7% compared to August. In the period from January to September 2023, Ukraine’s pipe production increased by 5.1% compared to the same period in 2022, reaching 376.1 thousand tons. In 2022, Ukraine …

Ukraine’s pipes production increased by 5.1% during January-September 2023 Read More »

Ukraine’s exports of semi-finished products declined by 40.4% during January-October 2023

In October 2023, steel companies of Ukraine reduced their exports of semi-finished products by 23.6% compared to September 2023 and increased by 59.6% compared to October 2022, reaching 110.12 thousand tons. The value of exports for this month decreased by 19.9% on a monthly basis and increased by 34.5% on an annual basis, reaching $52.9 …

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Ukraine’s semi-finished steel products exports increased by 18.4% month-on-month in September

In September 2023, Ukraine’s semi-finished steel products exports increased by 18.4% compared to the previous month, reaching 144.05 thousand tonnes, and by 88.3% compared to September 2022. The exports value for this month increased by 16.9% monthly, reaching $66.02 million, and by 42.9% compared to the same month last year. Compared with September 2022, in …

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Report: scrap collection in Ukraine decreased by 25.2% during the first half of 2023

Report: scrap collection in Ukraine decreased by 25.2% during the first half of 2023 In June 2023, the scrap collection volume in Ukraine increased by 11.6% compared to May 2023 and raised by 2.06 times compared to June 2022, reaching 86.7 thousand tonnes. This is according to the report of the Ukrainian Association of Mineral …

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Ukraine’s production of rolled products increased by 29.9% in March

In March 2023, Ukraine’s production of rolled products increased by 29.9% compared to last February and 69.5% compared to March 2022, reaching 434,000 tonnes. Cast iron production increased in March 2023 by 32% compared to February 2023 and 112.8% compared to March 2022, reaching 466,000 tonnes. Steel production for this month reached 527,000 tonnes, a …

Ukraine’s production of rolled products increased by 29.9% in March Read More »

Ukraine exported 20.8 thousand tonnes of pipes in January 2023

In January 2023, Ukraine’s pipe exports decreased by 58.6% compared to January 2021, reaching 20.78 thousand tonnes, a decrease of 18% compared to December 2022. In terms of value, pipe exports decreased by 46.5% annually to reach $41.64 million, a decrease of 9.2% compared to December 2022, according to data from the Government Customs Department. …

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Ukraine’s semi-finished steel products exports declined by 49% in January 2023

In January 2023, Ukraine’s exports of semi-finished products decreased by 49% compared to December 2022, reaching 38.34 thousand tonnes, a decrease of 92.1% compared to January 2022. In terms of value, exports decreased by 52.3% monthly, reaching 20.897 million and 93% compared to January 2022, according to data from the Government Customs Department. The leading …

Ukraine’s semi-finished steel products exports declined by 49% in January 2023 Read More »

European Union abolishes anti-dumping duties on flat steel imports from Ukraine

The European Commission (EC) has abolished anti-dumping duties on hot-rolled flat steel exports from Ukraine. After the European Steel Union (EUROFER) requested in this regard as the EU industry is unlikely to be affected by these imports, given the current state of the Ukrainian steel industry. The set of anti-dumping tariffs on hot-rolled flat steel …

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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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Ukrainian steel production declined by 70.7% in 2022 due to the Russian invasion

The Union of Steel Producers of Ukraine said that steel production in Ukraine decreased by 70.7% in 2022, to 6.26 million tonnes. The Union also indicated in a statement that final steel products decreased by 72% to reach 5.35 million tonnes, and that iron ore production decreased by 69.8% to reach 6.39 million tonnes in …

Ukrainian steel production declined by 70.7% in 2022 due to the Russian invasion Read More »

Metinvest Group resumes operating the blast furnace in the Ukrainian Kamet Steel Company

Metinvest Group has resumed operation of the Ukraine-based BOF blast furnace Kamet Steel, a subsidiary of the Metinvest Holding Group. The company had to suspend the Complex, due to the restrictions on energy supplies resulting from the Russia-Ukraine war. During the forced downtime, the factory team was working on restarting the continuous casting machines, repairing …

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Russia bans the oil sale to countries adhering to the Western price ceiling starting from February 2023

Russian President Vladimir Putin signed a decree banning the supply of oil and petroleum products to countries that imposed a ceiling on Russian crude prices, to enter into force in early February and continues for five months. The Group of Seven major countries, the European Union, and Australia agreed -this December- to set a maximum …

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Ukraine’s iron ore exports down 42.9 % in January November

Ukraine’s iron ore exports have remained severely affected by the ongoing Russian hostilities in the country. Due to the Russian invasion, exports fell sharply due to the blockade of ports and logistical challenges. Also, having continued to search for alternative ways to deliver their products, Ukrainian suppliers have been faced with the limited capacity of …

Ukraine’s iron ore exports down 42.9 % in January November Read More »

Rio Tinto, China’s Baowu Steel agree on joint venture to develop iron ore in W. Australia

Mining group Rio Tinto announced that it will team up with China Baowu Steel Group to develop a Western Range iron ore project in the Pilbara region of Western Australia, with a joint investment of 2 billion U.S. dollars. According to a media release, Rio Tinto contributes 1.3 billion dollars and Baowu invests 700 million …

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