Eng. Ahmed Ezz: The increase in raw material costs poses a challenge that creates tension in markets
Last Update 15/03/2010 14:56:13
 ArabSteel - Eng. Ahmad Ezz, President of Ezzsteel and Chairman of the Board of Arab Iron & Steel Union (AISU), demanded that Arab governments must take suitable measures to protect the steel industry with its huge investments from the effects of dumping. This came in his address to Arab Steel Summit 2010 held in Marrakesh, Morocco in the period 7-10 March, 2010. "Many countries have imposed protectionist fees on [..More]
Celebrating The Launch Of Hot Rolling Project With 1.5mt Capacity In Morocco
Last Update 14/03/2010 14:02:33
 ArabSteel - Maghreb Steel Co. have celebrated the launch of its new project, hot steel production complex with a capacity of 1.5Mt/y, in the occasion of holding the annual conference of Arab Iron & Steel Union in Marrakesh, Morocco. This industrial complex shall be carried out on three phases, as Mr. Al-Fadhel Souqat, President of Maghreb Steel Co., confirmed in his address during the opening ceremony in which Arab and international companies participated. [..More]
AISU Warns Of Dumping Risks On The Steel Industry Recovery
Last Update 14/03/2010 13:42:06
 ArabSteel - Mr. Mohamed laid Lachger, general secretary of Arab Iron & Steel Union (AISU) in the annual conference recently held in Marrakesh, Morocco, expected that the Arab steel industry will recover in 2010. This year shall witness the launch of several new projects in steel industry, in addition to an expected output of crude steel production to reach 21Mt/y in case the mills work with full capacity, referring also to a depression in crude steelmaking amounting to nearly one million tons in 2009 as compared to 2008 on the level of Arab steelmaking.
This came in the speech of AISU Secretary General Mr. Mohamed Laid Lachgar at the beginning of the conference, [..More]
17.4Mt of imports for Arab countries in 9 months during 2009
Last Update 04/03/2010 12:33:18
ArabSteel - Imports to Arab member countries in AISU during the first 9 months of 2009 amounted to 12.7Mt of long products and 4.7Mt of flat products, as compared to 14.6Mt of longs and 6.8Mt of flats for the same period of 2008. That marked a decline by 13% in longs imports and 30% for flats according to figures «Arab Steel» [..More]
Rebar heads to stabilization in Arab markets, and rising in Saudi market
Last Update 01/03/2010 09:24:06
ArabSteel – Hadeed SABIC announced a raise on its products of rebar by SR 100, while Ezzsteel of Egypt decided to fix its prices for March to equal the quotes announced in February. Meanwhile, Jordanian companies maintained their quotes of last week, and prices in Muscat, Oman, witnessed no change for locally produced rebar, whereas imports went down by around 10 US dollars.
Abdul-Aziz bin Sulaiman, Executive Vice President of SABIC for metals, [..More]
Korean company signs MOU to build a new iron & steel plant in Basra, a cost of 3 billion US dollars
Last Update 01/03/2010 09:22:10
ArabSteel – Iraqi Industry and Minerals Ministry announced the signing of a preliminary Memorandum of Understanding with STX of Korea to build a new iron & steel plant in Basra. [..More]
42% The increase in Arab company's crude steel output for Jan 2010
Last Update 25/02/2010 18:17:52
ArabSteel - Arab steel companies achieved a 42% growth in crude steel output for Jan 2010 compared to the same period of 2009. [..More]
January 2010 Crude Steel Production is 25.5% higher than January 2009
Last Update 22/02/2010 16:40:23
WAS - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 109 million metric tons (mmt) in January. This is 25.5% higher than January 2009. [..More]
Qatar Steel aims to ramp up production by 30% in two years
Last Update 22/02/2010 16:30:38
ArabSteel – Qatar Steel intends to upgrade its melt shop by launching a new project that will increase the capacity of the company in two years time by 30% as compared to the current level of steel production. [..More]
New increase in rebar prices in Jordan
Last Update 22/02/2010 09:21:31
ArabSteel – Rebar quotes moved up in Jordanian markets after they have been stable for a week. According to the index pricelist issued by the Jordanian Chamber of Industry in cooperation with steel mills in Jordan effective for one week as of Monday, which «Arab Steel» got a copy of, applicable rebar ex-works price is now in the range of [..More]
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