Global steel and raw material markets recorded mixed movements in the week ending June 20, 2026, as scrap and iron ore prices continued their downward trend, while billet prices showed limited fluctuations in some markets, amid ongoing caution across global markets and close monitoring of demand developments. These movements reflect a continuation of market trends …
Global iron and steel markets witnessed relative stability in most raw material and steel product prices in the second week of June 2026, with some limited declines recorded in billet and wire rod prices, according to data obtained by Arab Iron and Steel Union. Prices of HMS 1&2 (80:20 mix) scrap imported by Turkey from …
Global steel and raw material prices recorded mixed movements in the first week of June 2026, with scrap and iron ore prices declining, while billet prices remained stable in some markets and certain finished steel products registered modest gains. This is according to data obtained by the Arab Iron and Steel Union. Imported HMS 1&2 …
Steel and raw material prices in global markets witnessed notable fluctuations during the fourth week of May compared to the previous week. Scrap, iron ore, and some finished steel products recorded declines, while Russian billet and Russian hot rolled coil prices posted slight increases, amid continued market caution and weak demand in several global markets, …
Global market data showed slight movements in raw material prices during the third week of May, while some finished products recorded notable increases, particularly in Asian markets, according to data obtained by the Arab Iron and Steel Union. In the raw materials market, the price of HS1&2 scrap (80:20 mix) exported to Turkey (CFR ex-USA) …
Global iron and steel markets witnessed mixed price movements during the second week of May, as prices of raw materials and semi-finished products increased, while finished products showed mixed performance, according to data obtained by the Arab Iron and Steel Union. In the raw materials market, prices of imported HS1&2 scrap (80:20 mix) into Turkey …
The Board of Directors of the Arab Iron and Steel Union held its 132nd ordinary meeting in the Algerian capital, Algiers, chaired by Eng. Ahmed Ezz, Chairman of the Union, with the participation of Board members. During the meeting, a number of organizational, financial, and strategic issues related to the Union’s activities and the future …
Steel production in Arab countries recorded noticeable growth during 2025, with total output for the January–December period reaching around 43.7 million tonnes, an increase of 7.2% compared to the same period in 2024. December production alone rose to 3.9 million tonnes, marking a year-on-year growth of 6.1%. Gulf RegionGulf countries continued to show strong performance, …
Steel production in Arab countries increased by 7.2% in 2025 Read More »
Saudi Iron & Steel Company (Hadeed) announced an increase in rebar prices for February 2026 sales. According to the company, prices for rebar sizes 12–32 mm were adjusted upward by SAR 70 (USD 19) per ton, reaching SAR 2,260 per ton (USD 603). Meanwhile, prices for wire rod coils in sizes 6.5–16 mm rose by …
Global iron and steel markets witnessed relative stability during the fourth week of January, with most prices remaining unchanged compared to the previous week, according to data obtained by the Arab Iron and Steel Union. In the raw materials market, prices of imported HS1&2 scrap (80:20 mix) into Turkey (ex-USA, CFR) stabilized at $376 per …
Emirates Steel, a subsidiary of the EMSTEEL Group, announced that it has maintained rebar prices for February 2026 production. The company kept the ex-works price of rebar unchanged at AED 2,648 (USD 721). The above prices do not include the 5% value-added tax (VAT). Emirates Steel is headquartered in Abu Dhabi, with an annual production …
Emirates Steel Maintains Rebar Prices for February 2026 Read More »
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 139.6 million tonnes (Mt) in December 2025, a 3.7% decrease compared to December 2024. Africa produced 1.9 Mt in December 2025, down 0.3% on December 2024. Asia and Oceania produced 99.7 Mt, down 6.3%. The EU (27) produced 9.9 …
Global Crude Steel Production Declines by 3.7% in December 2025 Read More »
The U.S. Department of Commerce announced a preliminary determination that Egyptian producers and exporters of rebar receive government subsidies subject to countervailing duties, and decided to impose countervailing duties of 29.51% on Egyptian imports of the product into the U.S. market. According to a statement by the Department’s Enforcement and Compliance Administration, the investigation covers …
The German Steel Association reported in its annual report that the crisis in Germany’s steel industry deepened in 2025, with only 34.1 million tons of crude steel produced—the lowest level since the global financial crisis year of 2009, when output stood at 32.7 million tons. The association noted that production declined by 8.6% compared with …
German steel production falls to its lowest level since 2009 Read More »
Iron ore futures prices declined for the fifth session in a row, driven by increased shipments from Rio Tinto, the world’s largest iron ore supplier, alongside rising concerns over safety measures at Chinese plants, which have cast a shadow over demand expectations. The most actively traded iron ore contract for May delivery on China’s Dalian …
Iron ore prices fall for the fifth consecutive session Read More »
BHP Group, the world’s largest mining company, produced 69.7 million tons of iron ore in the second quarter, marking a 5% increase compared with the same period last year, and reaffirmed its full-year production guidance. Copper output fell by 4% in the three months ended at the end of December, reaching 490,500 tons. The red …
BHP boosts iron ore output amid pricing pressure from China Read More »
Rebar prices in Egypt ranged this week between EGP 33,500 and EGP 37,000 per ton. Major producers recorded clear price increases compared with last week. The price of Ezz Steel rose to EGP 37,000 per ton, up EGP 2,800, while Suez Steel increased to EGP 36,500 per ton, posting a similar gain. El Marakby Steel …
Rio Tinto and BHP have agreed to explore collaboration to extract up to 200 mln tons of iron ore from their neighboring Yandicoogina and Yandi operations in the Pilbara. Under two non-binding memoranda of understanding, the companies will assess joint development of Rio Tinto’s Wunbye deposit and the supply of ore from BHP’s Yandi Lower …
Rio Tinto, BHP explore joint iron ore development in Pilbara Read More »
Tosyali Algeria received the Minister of Foreign Trade and Export Promotion, Professor Kamel Rezig, alongside the Wali of Oran, Mr. Ibrahim Ouchan, during an official visit to the Tosyali Algeria industrial complex. As part of the visit to the Tosyali Algeria complex, the Minister attended the launch of Tosyali Algeria’s first steel export operations for …
The Board of Directors of East Pipes Integrated Company for Industry has approved the establishment of a new external steel pipe coating line at the company’s pipe coating plant located in the Second Industrial City in Dammam, at an estimated cost of approximately SAR 78.5 million. In a statement published on Tadawul, the company said …
The “Applied Hydraulics in the Iron and Steel Industry” training program has been launched as part of a series of specialized training programs organized by the Arab Iron and Steel Union in cooperation with Ezz Steel. The program runs from 18 January to 29 January 2026, with the participation of a number of technical professionals …
EMSTEEL has expanded cooperation with Emirati real estate developers by signing a strategic memorandum of understanding with MERED to evaluate and deploy high-strength reinforcement steel in property developments. The agreement sets a framework to pilot advanced steel solutions aimed at improving structural efficiency while supporting sustainable construction practices. This marks EMSTEEL’s second such partnership, following …
EMSTEEL deepens collaboration with real-estate developers Read More »
Qatar’s Official Gazette has published its first issue of the current year, including a package of Amiri decisions, decrees, and legislative amendments. In this context, Amiri Decree No. (117) of 2025 was issued, providing for an increase in customs duties on rebar and Wire rod products. Article (1) of the decree stipulates raising the customs …
Qatar: Increase in Customs Duties on Rebar and Wire Rod Read More »
Global iron and steel markets witnessed relative price stability during the third week of January 2026, with some price movements recorded for certain products, according to data obtained by the Arab Iron and Steel Union. In terms of scrap and iron ore, prices for HS1&2 scrap (80:20) delivered to Turkey remained steady at $376 per …
Iron ore futures prices fell, heading toward weekly losses, amid weakening domestic demand for steel. The most actively traded May iron ore contract on China’s Dalian Commodity Exchange closed Friday’s session down 0.5%, settling at 812 yuan ($116.55) per ton. Meanwhile, on the Singapore Exchange, February iron ore futures declined by 1% to trade at …
Ukraine reduced its iron ore exports by 8% year on year in 2025, reaching around 30.99 million tonnes compared with 2024, according to calculations by the GMK Center based on data from the State Customs Service of Ukraine. China remains the largest traditional importer of Ukrainian iron ore, with shipments totaling 16.41 million tonnes during …
Ukraine’s iron ore exports declined by 8% in 2025 Read More »
Saudi Iron & Steel Company (Hadeed) and the National Shipping Company of Saudi Arabia (Bahri) have signed a letter of intent to explore opportunities for cooperation in maritime transport to meet Hadeed’s requirements for seaborne iron ore shipments. The LOI, signed in Riyadh, outlines the two parties’ intention to discuss mechanisms for leveraging Bahri’s capabilities …
EMSTEEL and Modon have signed a strategic memorandum of understanding to explore potential collaboration on steel solutions for future developments. The partnership will assess innovative, high-yield and sustainable materials aimed at improving efficiency, performance and long-term value across projects. This marks the second MoU between the two companies, following an agreement signed in December 2024 …
EMSTEEL, Modon sign second MoU to explore sustainable steel solutions Read More »
China’s steel exports surged to an unprecedented level last month, capping a record-breaking year in which shipments defied mounting trade pressures and expectations of a slowdown. Data released by China’s General Administration of Customs showed that steel product exports rose to 11.3 million tonnes in December, surpassing the all-time high previously recorded in 2015. On …
China’s Steel Exports Hit Record High Despite Global Pressures Read More »
A Memorandum of Understanding (MoU) was signed between Steel Steel Company and the National Industrial Development Center to cooperate in the production of special bar quality (SBQ) and round steel billets, in line with the objectives of Saudi Arabia’s Vision 2030, which aims to localize industry and create new job opportunities. The MoU aimed to …