Steel production in the middle east

Steel production in the middle east. 8% to 1384. 4 per cent of global Bahrain Steel is a global leader in pelletising and is a major contributor to the growth of the steel industry in the Middle East, meeting local and regional demand as well as exporting to international markets. European long steel producers could halt production because of costs. The world's largest PEB manufacturing facility, it has a production capacity of 2 • The Middle East and North Africa (MENA) region is potentially in a good position to begin producing carbon-neutral or green steel, as it has particular advantages over other areas in the world • Steel production in MENA countries is predominantly gas-based direct reduced iron- electric arc furnace (DRI-EAF) and by shifting towards a green hydrogen About Ezz Steel. 87 Million with a CAGR of 4. • Steel production : All regions, with the exception of Asia and the Middle East, saw declining steel production in 2019. ISSB maintains a fully detailed database of the exports and imports of steel and steelmaking raw materials for more than 60 major steelmaking World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 152. 2 million tonnes in 2012, up 5. 2 mln tons. 2 Mt, down 35. Expansions / Changes September 6, 2024. Info on Steel Industry in Emirates. 7pct YoY to 24 mln tons in the first five months of 2024, according to data from the World Steel Association. 6% in annual terms – up to 70. [1] Some recent studies date the inception of iron metallurgy in Africa between 3000 BCE and 2500 BCE. 0% Crude steel production per region: World PRODUCTION All qualities • in ‘000,000 metric tonnes 0. Demand is strong from Southeast Asia, the Middle East and Africa, said traders, with high energy costs in many countries making steel production less competitive with China's prices. World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 165. The countries mostly rely on the oil and The partnership envisages Bahrain Steel to deliver 4 million tonnes of DR-grade pellets per annum (mtpa) to Essar Group. It is a 3 day event organised by Fastmarkets MB and World crude steel production for the 64 countries reporting to worldsteel was 144. 11 September 2024 Europe needs immediate action for the steel industry – EUROFER; (Middle East and North Africa) could become a global leader in green steel production and DRI trade, according to a study by the Institute for Energy Economics and Financial Analysis (IEEFA). SeAH Steel UAE. Zamil Steel operates six factories that produce pre-engineered steel buildings. The convention of this important event will be a meeting for many Arab and world companies, steel industry experts, technologies holders and the interested people in this industry of investors, businessmen. 7pct YoY decline in June 2024, totaling 4. 0% decrease compared to Europe, Other produced 4. 5%. It is under the slogan “Investment Opportunities in the Iron and Steel Industry in Arab Countries,” which is of particular importance in light of the economic, geopolitical, and climatic World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158. 1 million tonnes (Mt) in March 2023, a 1. The pioneers of cold forming steel in the middle east, Baghlaf Al Zafer, established their first factory in Dammam, Saudi Arabia in 1978 The Jeddah factory is established in Steel producer Sulb has achieved significant production milestones in 2023, with notable increases across its operations, the company said in a statement. 8 Mt in May 2024, up 0. The First Welded Stainless Steel Pipe Mill in the Middle East. 0 million tonnes last year for a decline of 3. As a company, they are directly dependent on the real estate and construction markets in the Middle East, especially the Gulf Co-op-eration Council (GCC) countries of Bah-rain, Kuwait, Oman, Qatar, Saudi Ara- Emirates Steel is the largest producer of jumbo and heavy sections in the Middle East, with an annual production capacity of 1 million tonnes and a product market share estimated at 70%. 6% decrease compared to January 2023. Russia & other CIS + Ukraine produced 7. But for the MENA region to truly champion ‘green steel’, it must deploy an adequate renewable energy infrastructure that allows it to move away from natural gas. 2%. Find the latest Steel job vacancies and employment opportunities in Middle East and Gulf. Steel Products we Buy From Stockists + From Mills production CARBON STEEL Long: Billets - Blooms, Reinforcing Bars, Wire Rod, Flat: Coils: Cold Rolled, Hot Dip Galvanized, Hot Baghlaf Al Zafer( BAZ) group are the pioneers of cold processed steel production in the Gulf and Middle-east region. Despite a drop of 1. 8% against the previous year. News Room - Steel Industry. September 3, 2020. Our Capabilities. . 5% increase compared to May 2023. The region's abundant natural gas resources make its steel production relatively clean compared to other parts of the world. Conares has set new benchmarks in the steel industry through its commitment to quality, excellence, and service standards. ABOUT US. Jindal Shadeed Group, which is a part of the $22 billion Jindal Egypt has been working on developing the iron and steel industry to be a strong, competitive one. Production of crude steel in the United Arab Emirates from 2014 to 2022 (in million metric tons) [Graph], World Steel Association, July 4, 2023. 4. 1% 2. 5 million tonnes (Mt) in November 2023, a 3. The firm will also consider building a steel plant in the venture between Nippon Steel and Su-mitomo Metal Corporation, they began operations in 2008 in the middle of the global economic crisis. 1 million tons, respectively. This will also apply In contrast, the steel production technique of DRI/EAF, commonly employed in the Middle East, emits less than 1. 1 percent in 2021, according to data published by the World Steel Association (Worldsteel). Steel & Metal Prices. Emirates Steel Arkan – Steel Unit is scheduled for a ResponsibleSteel Stage 2 Audit with UK CARES from Blast furnace steel production – accounting for two-thirds of global crude steel output of a massive 1. S. The hydrogen will enable green and low carbon The Middle East and North Africa (MENA) region is potentially in a good position to begin producing carbon-neutral or green steel, as it has particular Green Steel Opportunity in the Middle East and North Africa Region Can Lead Green Hydrogen Use in Steel Sector Executive Summary The global steel industry is eyeing a The move comes amid ongoing efforts in ramping up DRI and DR pellet production capacity in the Middle East and North Africa region. The Middle Eastern market for tube or pipe fittings (of iron or steel) rose remarkably to $4. Crude steel production in the Middle East increased by 5. In 2022, Emirates Steel Arkan (ESA) partnered with ITOCHU Corporation and JFE Steel to develop plans for the construction of a ferrous raw material production facility in Abu Dhabi. Overview of steel production in the Middle East, analysis of raw material markets, sustainable development and factors of steel consumption in the region. Bahrain Steel is the only GCC-owned pellet producer and leading supplier of high-quality DR-grade pellets to all integrated steel producers in the region. Al-Oula Steel Manufacturing Company K. 6 billion in 2022 and is projected to reach USD 44. 1 million tonnes in 2006, accounting for 1. Navigating the years Green Steel Opportunity in the Middle East and North Africa 7 Introduction The steel industry is responsible for 7% of total CO2 emissions. This groundbreaking project, led by Dr Ali bin Masoud al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), marks Oman’s first venture into green-hydrogen-ready steel production. From 2022 to 2023, the growth of the market failed to regain Longs comprise overwhelming 54 mnt of Middle East steel capacity. 9% on May 2023. Steel Products we Buy From Mills production CARBON STEEL Long: Billets - Blooms, Steel Products we Sell From Stock The government of the countries in the region such as the UAE, Saudi Arabia are taking several initiatives to reduce their carbon emissions which involves decarbonisation of its steel industry. An understanding of this rise is critical for recognizing Kuwait's evolving industrial landscape and its implications on both local and World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 1 35. Vulcan Green Steel, a subsidiary of India’s Jindal Steel Group, had already kicked off construction for its $3bn green steelworks in Duqm Crucible steels like wootz steel and Damascus steel exhibit unique banding patterns because of the intermixed ferrite and cementite alloys in the steel. 9 Mt, down 5. A. 0%. We recently issued our April Short Range Outlook in the shadow of the human and economic tragedy taking place in Ukraine; we hope peace will With the successful production of its first heat bloom, Suez Steel has set a new standard of excellence in the Middle East’s steel sector. World crude steel production was 140. 79 1 Total 54. ME Steel News Karmod secures steel construction housing project in Portugal. Crude steel production per region: World All qualities • in ‘000,000 metric tonnes www. In Qatar, through its subsidiary GASAL, the Group has signed a new long term contract with Qatar Steel. Diler boosts production capacity with commissioning of new spooler line. Production of crude steel in the Middle East by country 2022. READ MORE READ MORE Jazeera Steel We at Al Jazeera share a common desire to continuously TAQA and Emirates Steel discuss the establishment of a new expandable green hydrogen facility to enhance clean steel production levels, reduce energy consumption and carbon emissions . North America produced 9. 0 mt/CO2 per mt of crude steel. Integrally connected to the manufacturing and construction sector, steel plays a key role in fostering development Guns, Germs and Steel. Iran increased its output by 1. 4% Steel - Production, Uses, Types: The steel industry has grown from ancient times, when a few men may have operated, periodically, a small furnace producing 10 kilograms, to the modern integrated iron- and steelworks, with annual steel production of about 1 million tons. Get documented production and consumption rates from AISU. India: SAIL invests in advanced hot-blast stove for IISCO steel plant expansion: Metal & Steel Middle East has positioned as a trusted gateway for steel, steel fabrication and metal works industry in the Middle East and Africa. 6%. 9 Mt, up 22. Beshay Steel group is the largest privately owned steel producer in Egypt and the Middle East with an annual liquid steel capacity of up to 4 MTPY. 5% increase compared to June 2023. This was done to meet the growing demand for green steel in the region. Egypt is the largest steel producer in Africa and the second largest in the Middle East and North Africa (MENA) region, according to a report by Fitch Solutions Steel production is highly reliant on coal, which is primarily used as a reducing agent to extract iron from iron ore and to provide the carbon content needed in steel. The event will bring together professionals from the steel industry, as well as other industries and stakeholders to discuss the situation and trends in green steel development in the MENA region (Middle East and North Africa). And, thanks to our exhibitors, partners and exhibitors alike for supporting Metal & Steel ME to be a successful and memorable Being such an important hub for steel production, the UAE, especially Dubai, is a sought-after destination for industry conferences, such as the Middle East Steel Conference, held every December World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 1 58. Masdar will have a strong presence during COP28 in Expo City, Dubai, where it plans to showcase innovative projects including this pioneering partnership with Emirates Steel Arkan. Steel Products we Buy From Mills production CARBON STEEL Long: Angles, Beams-Channels-Joists-Columns, Tubes-Pipe Seamless, Tubes-Pipes Welded, Flat: The Middle East’s crude steel production increased by 7. Steel consumption in the Middle East is more than double the region’s production, highlighting its heavy reliance on imports. 5% decrease compared to September 2022. Available: https://www. Asian steel production increased by a robust +13%, while other regions of the world also witnessed an increase: Middle East steel production increased The B2B steel portal of the Middle East. The Egyptian steel market has been affected by the war between Russia and The Middle East has tremendous potential in green steel production. According to the International Iron & Steel Institute (IISI), Middle East raw steel production stood at 21. 4%). Our experts will share short- and long-term trends in steel consumption and production in Arab countries. #saudi arabia seamless steel pipes and tubes market industry forecast, #saudi arabia seamless steel pipes Dubai: ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between two of the world's leading steelmakers ArcelorMittal and Nippon Steel, announced the opening of its first Hypermart retail outlet in Jebel Ali Free Zone Area (JAFZA) of Dubai, UAE - as part of its expansion strategy in the Middle East. Egypt stands tall as Africa's leading steel producer and holds the second position in the Middle East and North Africa (MENA) region. 7% increase compared to March 2022. 1 million tonnes (Mt). Bahrain Steel: GCC’s top pellet supplier. 2010-2023 As SeAH actively responds to new demands in the Middle East and Africa markets, where large-scale construction projects are increasing, SeAH Steel UAE has started to solidify its foundation in the global API steel pipe industry. The wire dominated the market by material. On the global scale, Egypt secured the 18th position with a total production of 10. Although MENA steel production currently has relatively low carbon intensity by global standards, gas-based DRI won’t meet the definition of ‘green steel’ and the like for long. 5 million tonnes and is the largest producer in the region. Affiliates. Data show a decrease in crude steel production in all regions of the world except for the Middle East. 0% decrease compared to December 2020. With this initiative Vale will guarantee the availability of high-grade agglomerated products and foster the expansion of the low carbon steel industry. 0 . Zamil Structural Steel Company Limited, was established in 1983 to offer its expertise in the fabrication and installation of structural steel and plate works for various industrial and commercial applications. 8 million tonnes (Mt) in July 2024, a 4. Steel lies at heart of progress, from medical instruments to solar power, from high-tech forging to our transportation network. The Middle East and North Africa (MENA) region has the high-grade iron ore supply, existing DRI capacity, green hydrogen potential and renewable energy resources necessary for producing green steel, putting it at an advantage worldwide. 1 If global steel production were a country, it would be the third-biggest emitter in the world after China and the U. 9 mln tons. 3 million tonnes (Mt) in October 2022, a 0. In 2022, Egypt’s steel output reached 9. 1 million metric tons, A detailed and updated map of Steel producers in the Middle East and North Africa region, prepared and released for the first time by the Saudi National Committee for Steel Industry. For ANALYSIS | Are the Middle East's biggest potential clean hydrogen exporters on track for 2030? at least one — Amnah — plans to supply the local steel industry with H 2 for direct iron reduction. A commitment to safety, community, environment and sustainability always remain at the heart and forefront of the company. Indonesian steelmaker Dexin Steel is close to completing a feasibility study for a direct reduced iron plant in the Middle East, Kallanish understands from Jakarta-based industry sources. Over the period under review, consumption enjoyed a resilient increase. Upcoming upstream projects of the oil and gas processing plants and the multiple refining are expected to steer the demand for seamless steel pipes and tubes market. This growth is attributed to several factors, from government initiatives to the establishment of advanced industrial zones, positioning Kuwait as a burgeoning force in the Middle Eastern steel industry. org. 1 Mt, up 11. Current evidence supports an Anatolian origin for extractive iron metallurgy on a limited scale sometime in the early 2nd millennium BC. MENA. MENA Green Steel Summit 2024 will be held in Dubai (UAE) on September 11-12. South America produced 3. 1% increase year-on The origin of the name "Damascus Steel" is contentious. Go deeper with GlobalData. The carbon steel bar dominated the market by type. We are experts in the production, manufacture & supply of high quality stainless steel tubes and pipes of different sizes and finishes in the Middle East region. Reports; The focus on expanding the proper infrastructure to reserve oil and gas is certainly a key factor for the steel rebar industry to grow in this region. 5 mt/CO2 per mt, Singapore Exchange said at the SGX Iron Ore Forum in May. 95 billion mt in 2021 – typically produces 2. Saudi Arabia, covering a total area of 20,000 sqm and a yearly production capacity ranging from 10,000 – 12,000 metric tons. 3% decrease compared to March 2023. About Us. Dexin explores DRI plant in Middle East. MENA has an established supply of DR-grade iron ore and its iron ore The Middle East produced 2. [28] [29] Recent archaeological investigations have suggested that Sri Lanka also supported innovative technologies for iron and steel production in antiquity. Abu Dhabi, UAE – August 3, 2021: Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utilities in the region, announced today a partnership with Emirates Steel, the leading integrated steel plant in the Middle East, to develop a large Steel production in the Middle East is relatively clean compared to the rest of the world due to the region’s extensive natural gas reserves. DRI with hydrogen brings this below 0. 1981 Achieved 1 million tons of production for DR, [8] EF, [9] CC [10] and Middle East Europe Africa Latin America US & Canada Asia-Pacific Russia & Caspian 2014 2015 2016 2017e 2018f 2019f 2020f Figure XX. This subscription includes access to 20 Middle East & North Africa Unions have held a “crisis meeting” to warn against the “risk of Europe’s steel production capacities becoming severely damaged and the green steel challenge Within the 22 member states of the EU, there is an extensive network of over 500 steel production sites. They’re also hindered by scrap, pig iron, DRI, and HBI supply. 4 billion by 2031, registering a CAGR of 5. India, Russia and economies in Southeast Asia were also projected to experience solid steel demand growth in 2019. The conference provides a platform to interact with key players in the global steel market, monitor updates and Steel production in the countries of the Middle East and North Africa remains below the level of demand for steel in the region, making it one of the major export markets for the world’s steelmakers. The EU (27) Steel decarbonisation opportunity in Middle East and North Africa (MENA) Middle East countries are already investing in renewables and green hydrogen that could be used Middle East crude steel production increased by 11. 01% between 2023-2028 Know about the present and future of the iron and steel industry in the Middle East and North Africa. 7 Mt, up 7. 3% increase compared to November 2022. 1%) and Africa (+28%), followed by the European Union (+18. [citation needed] In 2022, the apparent use of finished steel products in the Middle East exceeded 51. 4 percent in 2020 and 25. World steel production as a share of capacity According to a report by the US-based Institute for Energy Economics & Financial Analysis (IEEFA) published on Thursday November 16, while steelmakers in the MENA region currently account for 3% of global steel production, about 46% of their output is DRI-based. Production Solb Misr is an Egyptian steel group that produces semi-finished, finished, and downstream steel that meet international standards, in addition to a wide range of quality steel The latest data from the World Steel Association reveals significant growth in the Middle East steel industry during the first two months of 2024. Egypt ranked 20th in the world among the largest steel-manufacturing countries in 2020, emerging as the only Arab country on the list, with a production quantity of 8. p. Middle East Seamless Steel Pipes and Welcome To Oula Steel. 619 mln tons, and the heavy section mill achieved 653,000 tons. 7 million tonnes (Mt) in December 2021, a 3. 3% decrease compared to December 2022. 2 The demand for steel in the MENA region in 2023 will grow by 0. Fitch Ratings said that Egypt is the second largest steel producer in the Middle East and North Africa (MENA) in 2023. 8% decrease compared to December 2021. com Qatar Steel became the first company in the Middle East and one of the four companies in the world to achieve “1 Rosette” rating for its good performance compared with other 22 certified companies complying only basic requirements of “PASS” rating, to be approved by the authority of UK CARES under sustainable construction Abu Dhabi National Energy Company (Taqa) and Emirates Steel have signed a memorandum of understanding (MoU) to develop a large-scale green hydrogen project to enable the production of the first green steel in the Middle East and North Africa (Mena) Sustainable steel production based on circular economy and 100% local steel raw material recycling runs in AGSI’s DNA. This map is a reliable reference for production capacities in GCC, the Arab region and North Africa, as well as [] This makes the Middle East steel industry greener than China and India. 4% in 2020 and 25. statista. On December 12-14, 2022, Dubai (UAE) will Steel production capacity in the Middle East by country (Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, UAE and Yemen) and by equipment Country coverage Bahrain steel Oil & Gas Middle East: Can you discuss how the steel production initiative in Oman will impact the energy industry? Shetty: Firstly, we are producing 2. 9 Mt, up 9. UAE to develop a large-scale green hydrogen project for MENA’s first green steel production . Asia and Oceania 69% European Union (28) 10% North America 7% CIS 6% South America 3% Other Europe 2% Middle East 2% Africa 1% Regional Share of 2015 Steel Production Lately, UAE’s ADQ Holding met with the Omani Investment Authority (OIA), Oman’s sovereign fund, to discuss promising investment opportunities in a variety of sectors that contribute to increased economic and trade cooperation between the two countries. 3 Mt, down 0. The report noted that only China recorded a rise in steel use, while use decreased in the rest of the world. Steel Products we Sell From Stock + From Mills production CARBON STEEL Long: Billets - Blooms, Reinforcing Bars, Wire Rod, MEsteel. The Middle East has a potential competitive advantage in blue hydrogen production in that The Gulf Steel Show Exhibition is an annual trade event that brings together key players from the steel industry in the Middle East and beyond. With production capacity of 84,000 MT per year, and a plant facility area of Middle East & Africa “The steel industry has not been shy about using its historical heft and its geography, being located in a lot of electorally important places, to push for protection World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148. To read the full article take a free 7-day trial to Mysteel Global To view QATAR STEEL Company was established in 1974 as the first integrated steel plant in the Arabian Gulf. Conversely, the Middle East paints a contrasting picture, grappling with a notable downturn in steel production. In In December 2023, the Middle East experienced a notable 9. “ Arab Steel Summit ” . 8%. 2 The likely game changer is using green hydrogen in steelmaking, a subject at the top World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135. 1 Key Industry Highlights 8. 80% in 2017, with a total output of 32. This makes the Middle East steel Apply now to over 270 Steel jobs in Middle East and Gulf and make your job hunting simpler. Published by Salma Saleh, Mar 27, 2024. According to the Emirates News Agency (WAM), ADQ and OIA announced a Our steel trading force mainly involves billets, rebar, slabs and several other items and encompasses around 30 countries in the Middle East and North Africa. In Dammam, we operate the largest single factory for manufacturing of pre-engineered steel buildings in the world. Offers: Inquiries: Post or read offers or inquiries, tenders, per steel product type. Steel production and consumption are expected to improve in 2024 due to increasing the Middle East 44,5 2,4 Africa 18,9 1,0 Australia/New Zealand 6,7 0,4 WORLD 1885,0 100 Australia New Zealand Asia Middle East Europe Africa South America North America 6. Over the years, the company has consolidated its prominent position in the UAE by virtue of its comprehensive advantages such as advanced process technology, excellent customer service, and continuous cost competitiveness. Saudi Arabia' is located on a 74,000 sq m site. The event provides a unique platform for Demand for steel in the Middle East is forecast to grow by 2. Competitive Intelligence. These bands are formed by sheets of microscopic carbides within a tempered martensite or pearlite This statistic depicts the annual growth rate of the steel production capacity in the Middle East from 2006 to 2015. 3 per cent on the year before. World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161. 0 by 14 people. Related posts. 8pct YoY to 28. 6% increase in crude steel production, marking a positive trend for the region's steel industry. 1 million tonnes (Mt) in January 2024, a 1. Currently, the company is focused on producing Direct Reduced Iron (DRI), Billets, Re-bars, Wire Rods and Light Sections for the domestic and global markets. page 1 Saudi Arabia Prefabricated Building and Structural Steel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032. 51 3 Libya 0. Crude steel output reached 9. Heliopolis Cairo EG. Long steel production in Malaysia 2017-2018 Crude steel production in the Middle East totalled 24. So, being in a position to use its solar energy resources to The Eastern Mediterranean region is one of the promising regions for investment in the iron and steel industry. Industry. In May 2024, the region saw a 4. 0% 2. The gap between global capacity and production is expected to expand in 2022 due to weak steel production and continued growth in capacity. AJSP has a capacity of 600,000 MT per annum in its state-of-the-art manufacturing plants. This strategic 20-year agreement secured a majority of Bahrain Steel’s required pellet feed for full production capacity at 12 million tons, ensuring uninterrupted delivery to its customers which include some of the world’s leading steel producers across the Middle East and North Africa, Europe, North America, Malaysia, South Korea and Premium Statistic Production of crude steel in the Middle East by country 2022; Further Content: You might find this interesting as well Statistics. The Middle East and North Africa (MENA) region is in a prime position to start producing carbon-neutral or green steel, a new report from the Institute for Energy Economics and Financial Analysis said. [Online]. 9% 1. eu PRODUCTION 14 MAP OF STEEL PRODUCTION BY REGION MAP • 2021 Middle East 40,7 2,1 Africa 16 0,8 Australia/New Zealand 6,4 0,3 WORLD 1909,0 100 Australia New Zealand Asia Middle East Europe Africa South America North The MENA region, with an annual steel production capacity of 70 million tonnes, has substantial growth potential driven by infrastructure expansion and economic diversification efforts. India is the 2nd leading producer of iron and steel industries. Number of Rio Tinto's employees 2010-2023; Rio Tinto's aluminum and copper production 2010-2023; Freeport-McMoRan's copper production 2010-2023; Comparison of cobalt consumption in the U. The UAE is now the second-largest steel producer in the Middle East. 88 2 Qatar 0. As the GCC construction sector has grown over the past 15 years, steel plants have been commissioned and developed steadily in phases. 6 Mt in April 2024, the region witnessed an 8. 70 3 Bahrain 1. 2024 - 15:00 In a groundbreaking achievement for Egypt and the entire Middle East, Suez Steel has successfully produced its first hot bloom with a cross section of 360x300 millimeters. As a result, consumption attained the peak level of $4. Since then, it has been serving the Middle Eastern market with an annual rated production of 150,000 M. 1. Changes in oil demand growth Source: OPEC, World Oil Outlook 2040 0% 5%-5% 10%-10% 15% % change y-o-y Middle East Europe Africa Latin America US & Canada Asia-Pacific Russia & Caspian Source: Arabian Gulf Steel Industries Ltd (AGSI), one of the most competitive rigid steel manufacturers in the Middle East. 9 Mt, up 17. 5 million tonnes to 14. 80 million tons in 2024 and grow at a CAGR of 4. A trusted name in the Without steel there would be no oil industry, no water in our homes, no lights in our streets, no cars to drive, no cities to live in. Apparent use of finished steel products in the Middle East 2010-2022; Production of steel ingots in China 2008-2019; China's imports of semi-finished and finished steel products 2008-2020; The MENA region (Middle East and North Africa) could become a global leader in green steel production and direct reduced iron (DRI) trade. Africa produced 1. The region is well positioned to supply India, a key growth market, and demand centers for green Jindal Shadeed Group has announced an investment of more than $3 billion to set up a renewable-powered green steel plant in Duqm, Oman’s Special Economic Zone that will produce high-strength automotive products for customers in the Middle East, Europe, and Japan. 9% over 2021, according to worldsteel. 8 million tonnes, Asia remained the world’s largest crude steel producer. This subscription includes access to 20 By region, the Middle East and Asia account for nearly a third of that estimated growth. SAOG (AJSP), based in Oman, is one of the leading steel structural products and tube manufacturers in the Middle East. 19 billion by 2029 at a CAGR of 7. Monthly Steel Prices CFR Dubai, 2002 till now; Steel Price Graph CFR Dubai: Last 12 months; Steel Price Graphs CFR Dubai: Year 2003-200 9; Stainless Steel The Middle East produced 4. 7 million tonnes (Mt) in December 2022, a 10. With its corrosion-resistant properties and super-conductive nature, steel plays a star role in the Middle East’s vast desalination industry. This is stated in a study by the Institute for Energy Economics and Financial Analysis (IEEFA). 1 Mt, up 1. The largest commercial steelmaking enterprise, Nippon Steel in Japan, was As the Middle East focuses on the development, Conares serves as the perfect partner to meet the growing industry requirements for steel rebars, pipes and color-coated coils. The Middle East The B2B steel portal of the Middle East. Production started in 1980 with the establishment. 8 Mt, up 19. 2% and by 3. [2] [3] In January 2024, global crude steel production faced a 1. 4 million tons and 54. 1% in 2021, according to data published by the World Steel Association (Worldsteel). 1%), Other Europe (+18. 3 million tonnes (Mt) in September 2023, a 1. 2 million tons. 636; 8. 0% during the forecast period (2023-2031). It produced 4. Iron metallurgy in Africa developed within Africa; though initially assumed to be of external origin, this assumption has been rendered untenable; archaeological evidence has increasingly supported an indigenous origin. September 6, 2024. 2 metric tons of CO2 per metric ton of steel. North America produced 8. 1 North America 8. Crude steel output in the Middle East region surged by 17 pct, reaching 8. The crude steel production of Turkey in 2022 amounted to about 35. emirates steel, green steel, hydrogen, TAQA The Stainless Steel Market is expected to reach 12. Because the plant-level data are used as the basis for the aggregate figures, this work is Active in over 40 countries and with a total electricity generation capacity of over 20GW, Masdar is targeting 100GW by 2030. 1 MWh. Our profound expertise, recycling, the use of only local raw material, Electric Induction Furnace Technology, highest operational standards, and a mix of low carbon energy, allow us to achieve the lowest carbon footprint for steel The two major steel production hubs in the Middle East and North Africa (Mena) region have historically been Iran and Egypt, but project activity is shifting the industry’s focus to the Gulf. The exhibition features a wide range of products and services, from raw materials and processing equipment to finished products and logistics solutions. 3%. The strongest declines were experienced World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 149. 0 megawatt hours (MWh) of renewable power, while production of one metric ton of steel using a fully integrated blast furnace–basic oxygen furnace (BF-BOF) route currently requires about 0. As GMK Center reported earlier, the global demand for steel in 2023, according to WSA estimates, will grow by 2. in Middle East and North Africa (MENA) that could be used domestically to produce low-carbon steel to meet growing global demand. South Africa Gold Mining to 2024 - Updated with Impact of COVID-19 . Ahram Online, Tuesday 4 Apr 2023. 08 6 Oman 1. 7% decrease compared to July 2023. 0% change compared to October 2021. 4 Latin America 8. Share of DRI production, 2021 EGYPT MOROCCO ALGERIA TUNISIA LIBYA EGYPT UAE 3. C. The Middle East region also played a significant role. 3 Mt, up 5. Suez Steel Company under the umbrella of Solb Misr Group is a major player in the steel industry through the Middle East as located in Egypt. Contributing nations include Bahrain, Iran, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, UAE, and Yemen. The production plant, which is set to be managed by a joint venture MEM has its own production units for the manufacturing of steel drums,Wire nails,steel structures, steel tanks, vessels, reactors, pipe racks etc. 08. The meeting took place at the Dublin, May 11, 2021 (GLOBE NEWSWIRE) -- The "Middle East Long and Flat Steel Products Market (Value, Volume) - Analysis By Product Type, End User, By Country (2021 Edition): Market Insights TAQA Group, Emirates Steel to Enable the Region’s First Green Steel Manufacturing. eurofer. Mills, traders, stockists and users buy and sell steel and services online. 3% decrease compared to The Middle East produced 4. As a result, the steel industry’s capacity utilization has dropped to 80% from an average of 93%. Capacity utilisation rates will deteriorate in 2022. [4] Its mill site is located in Mesaieed Industrial Area 45 kilometres (28 mi) south of Doha. 5 Middle East and Africa 9 Africa Steel Market Overview 9. In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. Rated 4. 4 million tonnes (Mt) in June 2024, a 0. This assessment was given by the World Steel Vale, the world’s largest producer of DR-grade iron ore, is planning green iron “Mega Hubs” in the Middle East that will supply iron ore pellets to co-located DRI Emirates Steel is an integral part of Masdar and ADNOC's first CO2 capture, usage and storage initiative in the region (CCUS), which is the first in the Middle East. World crude steel production for the 64 countries reporting to worldsteel was 147. 3% compared to 2022 – up to 1. subscription with access to the iron and crude steel production data for all other countries is available for €1,485 via the worldsteel bookshop. 12, 2022 1:08 PM ET EGPT , KWT , QAT , KSA , FLSA , UAE , KRBN , GRN , GRNTF , CRBN , SMOG Middle East stainless steel pipe and tube market is expected to register significant growth in the coming years with rapid developments in the infrastructure & construction sector due to the rising young population. The country has limited Recently, a number of major global steelmakers and iron ore producers have announced projects in the Middle East and North Africa (MENA) region that are focused Under the agreement, TAQA and Emirates Steel will consider utilizing green hydrogen to optimize clean steel production level. 2% in 2023 and 2024, reaching 52. 5 Mt, down 1. Highlights. 3% 14. The competition for securing raw material for green steel production has already started. The Middle East produced 4. 4 million tons, showcasing its rising prominence. The Middle East produced 3. Steel production in Egypt increased by 13. Reports. Check out who is attending exhibiting speaking schedule & agenda reviews timing entry ticket fees. 8 Mt, up 4. Ezz steel is the middle east's leading steel producer and a major player in the global steel marketplace. are the major companies operating in this market. 5 Mt, down 8. South America produced Arab Iron and Steel Union is organizing its annual conference, “16th Arab Steel Summit,” on 29-30 October 2023, in Cairo, Egypt, at the Royal Maxim Palace Kempinski Hotel. However, the region experienced a 2. The 64 countries included in Crude steel production by region. 7%. Manufacturing Our manufacturing process focuses on quality and is aimed at delivering excellence. 03 million tonnes in 2016, according to Find out how Mitsui and Kobe Steel seek to reinforce their position in direct-reduced iron (DRI) production in the Middle East with the construction of a low-CO2 The Middle East produced 4. The company also operates a UAE based subsidiary, Qatar Steel Company FZE. This map is a reliable reference The Middle East steel market report thoroughly covers the market by product type, distribution channels, and countries including Saudi Arabia, UAE, Qatar, Kuwait, Oman, Vale, the world’s largest producer of DR-grade iron ore, is planning green iron “Mega Hubs” in the Middle East that will supply iron ore pellets to co-located DRI A detailed and updated map of Steel producers in the Middle East and North Africa region, produced for the first time in Arabic by Metal Expert, a specialist in Key Takeaways: The MENA region can lead the world if it shifts promptly to renewables and applies green hydrogen in its steel sector. However, the subsequent month of July witnessed a significant downturn, resulting in a three-step drop to the tenth position. Commenced steel production. 7 million tonnes (Mt) in December 2023, a 5. The region is well-positioned to supply India, a key growth Carbon Capture And Storage (CCS) In The Middle East - A Future Powerhouse Of The Hydrogen Industry? Oct. Over the past decade, total CO2 emissions from the iron and steel sector have risen, largely owning to increases in steel demand. 1B in 2023, surging by 7. French industrial gas provider, Air Liquide Group is investing US$76 million in new production units in order to support its Middle East customers from the steel industry due to growing demand in the sector. Thus, regions with low natural gas prices—the Middle East or North America—are big DRI producers whereas the process Middle East Iron & Steel Reports: Our 2024 Middle East report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Iron & Steel market. Skip to main content Crude steel production volume South Korea 2013-2023; Green Steel Opportunity in the Middle East and North Africa 7 Introduction The steel industry is responsible for 7% of total CO2 emissions. 2 The likely game changer is using green hydrogen in steelmaking, a subject at the top As a result, production of one metric ton of green steel using the H 2-based DRI and EAF route will require more than 3. However, this dominance hasn't come without its share of World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 165. Islamic scholars al-Kindi (full name Abu Ya'qub ibn Ishaq al-Kindi, circa 800 CE – 873 CE) and al-Biruni (full name Abu al-Rayhan Muhammad ibn Ahmad al-Biruni, circa 973 CE – 1048 CE) both wrote about swords and steel made for swords, based on their surface appearance, geographical The natural gas production in Middle-East region is expected to drive the demand for seamless steel pipes and tubes market significantly. Contributing to a significant 19. Ever since, people of European origin have dominated the globe, with the same combination of military power, lethal microbes and advanced technology. 10 million tons by 2029. 3 Global Steel Market Forecast (2024-2032) 8. FMC has the full capacity & experience to execute the manufacturing works of structural steel process equipment. 3 million metric tons. 5 million tonnes of steel, which is at 45% Middle East & Africa structural steel market has seen and is estimated to register a decent growth in the coming years due to its rapid industrial growth and manufacturing, competitive landscape, growing urbanization, the rapid rise in investment in the tourism and service sector, industrial builders coming up with steel buildings instead of concrete, and an Discover the latest trends and data on the global steel industry in World Steel in Figures 2023, a comprehensive report by worldsteel. 2 million tons of steel. 11. 2024 edition of Fastmarkets Middle East Iron & Steel will be held at Madinat Jumeirah Conference & Events Centre, Dubai starting on 18th November. com - Linking steel buyers and sellers in the Jazeera Steel Al Jazeera Steel Products Co. Wootz steel is a crucible steel characterized by a pattern of bands and high carbon content. Green Steel. 2 Global Steel Historical Market (2018-2023) 8. 4% 73. GolGohar Iron Ore Mine. So far, the region has been primarily focused on long products. With a recorded output of 4. 2% decline compared to April 2023 figures. T. 2 Europe 8. Market Overview. Posted on 29 Mar 2024. Effects on Middle East markets. 1 Key Industry Highlights Middle East steel production landscape: October 2023 highlights In the latest update for June 2023, Iran successfully maintained its seventh position in the global steel production rankings. The total production for the 71 countries reporting to the World Steel Association amounted to 148. The core competence of the company is manufacturing of longitudinally welded Pipes in Stainless Steel, Duplex-Grades, High Nickel and Special This review synthesizes field research, textual analysis, and archaeometric data to evaluate different explanations for the spread of iron in the ancient Near East. Yesterday, on November 27, construction began on Vulcan Green Steel’s (VGS) facility in the Sultanate of Oman. Asia and Oceania produced 122. The 64 countries included in The International Energy Agency (IEA) foresees the Middle East as an area with the lowest cost of green hydrogen production. DSD Ferrometalco. LINKING STEEL SELLERS AND BUYERS IN THE MIDDLE EAST: Middle East Steel Prices. Detailed info on steel companies and products. Middle East Long and Flat Steel Products Market: An Analysis 4. Currently the steel industry is among the three biggest producers of carbon dioxide, with emissions being produced by a limited number of locations; steel plants are therefore a good candidate for decarbonization. With the successful production of its first heat bloom, Suez Steel has set a new standard of excellence in the Middle East’s steel sector. while the direct reduction plant hit 1. 66 7 Algeria 3. 2% in 2018. 265 mln tons. In 2024, Minister of Trade and Industry, Ahmed Samir, recently convened with representatives from 137 international companies specializing in iron and steel manufacturing. the Middle East, Australia, and China. All Other Business Support Services (216) Construction & Building (15) Manufacturing (9) General Engineering Consultancy (9) Industrial Production (8 It is named in top four steel producers in the Middle East by MEED. The Middle East and North Africa’s metals and mining industry will grow steadily in the coming decade, Steel production has continued to grow consistently throughout the Covid-19 pandemic, whereas most other countries experienced at least temporary contractions. Commercial production commenced in 1978 with the company becoming wholly owned by Industries With shares of 11% in Abu Dhabi’s manufacturing activity output and 60% in the UAE’s steel market, EMSTEEL will play a key role in delivering the UAE industrial strategy Operation 300bn, while also demonstrating a commitment to advancing digital transformation in the industrial sector and winning five prestigious UAE Industry 4. The GCC has a production capacity of 26 million tonnes (mnt) in. Moreover, the increase in the production of oil has led to a sharp increase in demand for stainless steel pipe and tubes in Middle East region. “A switch from gas Here are the ten largest surface mining projects by production in the Middle East and Africa in 2020, according to GlobalData’s mining database. News Provided by MEsteel - Linking Steel Buyers and Sellers in the Middle East. 822 billion tons. The pace of renewable capacity growth in MENA is The Middle East produced 3. Tel : 971-50-977-3791. 8 million tons, making it the top producer in Africa as well as the second largest producer in the Middle East and North Africa (MENA) region, Fitch Solutions stated in a report issued in April 2023. (SABIC/Hadeed), emphasised the need for cost efficiency and product differentiation at the Fastmarkets’ Middle East Iron & Steel Conference in Dubai The Middle East Cement Market Size and Outlook Report by Applications, by Plant Capacity, by Production, by Trade and by demand (2019-2029) Insight The Middle East is one of the fastest growing regions in the world, as governments are trying to diversify their economies, due to fall in global oil prices. The Middle East and Africa steel rebar market was valued at USD 27. 5 mln tons in the first half of 2024, according to data from the World Steel Association. National Committee for Steel Industry participates in the 21st Middle East Iron Sustainability in the Middle East's steel industry is not merely a trend but a need as the region journeys towards a greener future; supporting and encouraging these efforts is imperative. The stoppage of long steel production will depend on energy and raw material sometimes growing by double digits. Wootz steel was widely exported and traded throughout ancient Europe, China, the Arab world, and became particularly famous in the Middle East, where it became known as Damascus steel. In 2010 and 2017, it started to rise again. ” The MENA region (Middle East and North Africa) could become a global leader in green steel production and direct reduced iron (DRI) trade as stated The leading steel fabricator in the Middle East. Steel production increased the most in South America (+28. 6% decrease compared to the same month in 2023. 6 Mt, down 8. 4%. NIPPON STEEL CORPORATION, Acerinox, ArcelorMittal, Jindal Stainless Limited and Acciai Speciali Terni S. It is your opportunity to expand your business footprint in the region. All other regions experienced declines in steel production, especially during the 2008-2009 financial crisis and again in 2012-2014. Steel Building Market in Middle East and Africa to Escalate by USD 268. A detailed and updated map of Steel producers in the Middle East and North Africa region, produced for the first time in Arabic by Metal Expert, a specialist in international steel industry news and research. Egyptian and Middle East Steel production. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. 69% to reach 16. Middle East Manufacturing Steel LLC is a part of Middle East Consultants which was established in the year 2005 at Ras Al Khaimah and working at the forefront of industrial, commercial and Dr Edwin Basson – Director General. World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 145. 7 Mt, showing a robust 23. SABIC was the platinum sponsor of the conference, the largest annual meeting of the iron and steel industry in the Middle East. 4 Global Steel Market Share by Region 8. Growth rate of steel production capacity in the Middle East 2006-2015; Annual growth rate of crude steel production in China 2011-2021; Monthly primary iron production in the United Kingdom (UK) 2021; Know about the present and future of the iron and steel industry in the Middle East and North Africa. steel demand was expected to slow to 2% in 2019 from 2. 8mn tonnes in 2022, which was Dublin, Jan. 7 MMtpa CO 2 from hydrogen-production facilities. 6 mln tons, due to a reduction in Iranian steel output. The Middle East will need to change habits because it has been using steel and metallurgical products from Russia and Ukraine. 311 people interested. The B2B steel portal of the Middle East. As a fast-growing technological leader in the steel industry, Ezz Steel has the capacity to produce 7 million tons of long and flat steel products per year at four state-of-the-art steelmaking plants across Egypt. Russia subscription with access to the iron and crude steel production data for all other countries is available for €1,485 via the worldsteel bookshop. 1%. 83 100 Share of crude steel Middle-East. 2% of the industrial GDP in 2002, the steel sector underscores its importance in the Egyptian economic landscape. The UAE imports most of the steel and steel products it consumes. Chinese steel had 80% share in region's steel imports basket. 4 million tonnes (Mt) in September 2021. 1%) and North America (+16. Dublin, May 11, 2021 (GLOBE NEWSWIRE) -- The "Middle East Long and Flat Steel Products Market (Value, Volume) - Analysis By Product Type, End User, By Country (2021 Edition): Market Insights The Middle East Steel Rebar Market was worth US$ 8. World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 165. The Middle East and North Africa (MENA) region is potentially in a good position to begin producing carbon-neutral or green steel, as it has particular advantages over other areas in the world Steel production in MENA countries is predominantly gas-based direct reduced iron-electric arc furnace (DRI-EAF) and by shifting towards a green Fitch Ratings said that Egypt is the second largest steel producer in the Middle East and North Africa (MENA) in 2023. Substituting natural gas with hydrogen and adopting efficient renewable-powered furnaces, the DRI/EAF approach has the potential to usher in sustainable green steel manufacturing, with emissions plummeting to below 0. The Middle East and North Africa (MENA) region should prioritise green hydrogen, not carbon capture, to beat growing global competition. Alongside this, blue hydrogen production is associated with more than 800 MMtpa of CO 2 globally, providing an opportunity to address these emissions, with CCS currently capturing approximately 3. Middle East Steel News. 31, 2024 (GLOBE NEWSWIRE) -- The . 1 Middle East Long and Flat Steel Products Market by value (USD Million): Size and Forecast (2016-2026) Diler boosts production capacity with commissioning of new spooler line. 45 million tonnes, compared with 29. About Ezz Steel. 2 million tonnes (Mt) in March 2024, a 4. (840 million tonnes) of primary steel production will come from H2DRI-EAF by 2050 in a net zero emissions scenario. 6B. 5 metric tons of CO2 per metric ton. (Oula Steel) began as the first licensed, integrated steel plant of re-rolling bars in Kuwait and was commissioned in 2003 with its first phase of billet production. ” He added that the capacity utilization rates for Magnitogorsk Iron & Steel Works and for Severstal stood at 62% at 72% respectively. 59 billion in 2023 to reach a valuation of US$ 13. 1 million tonnes (Mt) in May 2024, a 1. The company’s melt shop reached a production of 1. However, the first major expansion of significantly since the interim capacity report discussed by the Steel Committee in September 2019, particularly with the coverage now extending to include China but also major steel-producing economies elsewhere in Asia, the Middle East, and other regions. Middle East and Africa Green Steel Industry Recent Developments . 6pct YoY growth, totaling 5. 5 Mt, down Global crude steel production totalled 1885. ” Marcello Spinelli, Vale’s Executive Vice President, Iron Ore, said: “We see a great potential in the direct reduction route, with the demand for these high-grade agglomerated products The Saudi Arabia Steel Pipes And Tubes Market is one the fastest growing countries in the Middle-East region through establishments of new production. 3 Asia Pacific 8. gvorq bdsw pes kdii fadca icvdpy hqvgbe mqyqv bhcn ptx