Recently, steel prices in the Egyptian market have witnessed a state of relative stability, with some variation among the producing companies. Ezz Steel recorded 38,200 EGP per ton, while Suez Steel was priced at 38,100 EGP, Beshay Steel at 37,500 EGP, and Egyptian Steel at 38,000 EGP per ton, all without change. On the other …
China’s finished steel exports reached 77.49 million tons from January to August 2025, marking a 10% year-on-year increase, according to the latest data released by the General Administration of Customs of China. In August alone, finished steel exports totaled 9.51 million tons, down 3.3% month-on-month but up slightly by 0.1% year-on-year. Meanwhile, China’s finished steel …
China’s Steel Exports Rise 10% in the First Eight Months of 2025 Read More »
On September 8, Australian iron ore (62% Fe, CFR China) rose by USD 0.9 to reach USD 105.25, marking its highest level since February 28 and the first time in six months it surpassed the USD 105 mark. Monthly performance shows an increase of USD 2.45 this month (up 2.38%), while gains since the beginning …
Baosteel has completed a major gearbox overhaul on its 2050 mm hot strip mill in Shanghai, supplied by SMS group. The upgrade, carried out during the plant’s 2025 annual shutdown, included online adjustments, disassembly, inspection, bearing replacements, and reassembly—without additional downtime. SMS group provided full support from technical planning to on-site commissioning, ensuring precise execution …
Baosteel upgrades gearbox on SMS group hot strip mill Read More »
Eight Egyptian companies have secured new licenses to produce billet, a key component in the steel industry, as part of a government plan to boost local manufacturing and reduce imports. The licenses cover production capacities ranging from 200,000 tons to 1.5 million tons, with total additional capacity expected to reach 3.7 million tons. Ataqa Steel …
8 Egyptian Companies Win New Licenses to Produce Billet Read More »
Global steel markets witnessed mixed price movements by the end of the first week of September 2025, with some products recording notable declines, while others remained stable. Scrap (HS1&2 mix 80:20) imported by Turkey from the USA fell by $2, reaching $343/ton CFR. Meanwhile, iron ore (62%) Australia – CFR rose by $1, standing at …
Steel Products Prices in Global Markets in the First Week of September 2025 Read More »
On September 4, 2025, the Canada Border Services Agency (CBSA) issued a preliminary anti-dumping ruling on certain carbon and alloy steel wire imports originating in or exported from ten countries: China, Taiwan, India, Italy, Malaysia, Portugal, Spain, Thailand, Turkey, and Vietnam. The decision followed a complaint filed by Sivaco Wire Group 2004 L.P. and ArcelorMittal …
Canada Imposes Provisional Anti-Dumping Duties on Steel Wire Imports from Ten Countries Read More »
Global oil prices recorded a notable decline of more than 2% on September 3, driven by market anticipation of the upcoming OPEC+ meeting scheduled for the end of the week. The group is widely expected to discuss potential production increases for October to meet global demand. WTI crude for October delivery fell by $1.68, or …
Global Crude Oil Prices Decline as Markets Await OPEC+ Meeting Read More »
In July 2025, exports reached 50,673 tons, marking a 55.8% decline compared to June, but a 15.1% increase year-on-year, according to preliminary data released by the Turkish Statistical Institute (TUIK). In terms of value, export revenues in July stood at $29.55 million, down 54% from the previous month, but up 10% compared to the same …
Turkey’s wire rod exports rise by 1.2% between January and July 2025 Read More »
Chinese company CSCEC Steel Structure, a global leader in the steel structures sector, has expanded its international footprint by entering the Moroccan market for the first time. This expansion follows its success in securing strategic contracts for key infrastructure projects, particularly in highways and the high-speed rail line connecting Kenitra and Marrakech. According to a …
Chinese Steel Structure Giant Enters Morocco Through Major Infrastructure Projects Read More »
Iron ore prices rose for the third consecutive session, reaching their highest levels in several weeks, supported by expectations of improved demand in China, while rising steel inventories limited price gains. At the close of trading on Thursday, the most active iron ore contract for January 2026 delivery on the Dalian Exchange rose 1.65% to …
Iron ore prices rise for the third consecutive session Read More »
EMSTEEL supplied 5000 tons of high-quality U-type sheet piles for Egypt’s new landmark, the Floating Movable Bridge across the Suez Canal. Designed to enhance connectivity between the East and West banks without disrupting maritime traffic, the bridge marks a new chapter in infrastructure along one of the world’s most strategic waterways. EMSTEEL’s materials form the …
Japan’s exports of iron and steel products fell by 3.8% in the January–July 2025 period, totaling 17.89 million mt, compared with the same period last year, according to data from the Japan Iron and Steel Federation (JISF). In July alone, Japan exported 2.63 million mt of steel products, up 4.4% month-on-month, but down 9.2% year-on-year. …
Japan’s Steel Exports Decline in January–July 2025 Read More »
Baoshan Iron & Steel Co. (Baosteel) is in discussions with several potential partners to explore new steel investment opportunities, with a particular focus on Asia, the Middle East, and North Africa. In a statement published on its WeChat account during the announcement of its first-half results, attended by Chairman Zou Jixin and senior executives, the …
China’s Baosteel Explores Expansion Opportunities in the Middle East Read More »
Rebar prices in the Egyptian market remained stable at the beginning of September 2025, ranging between EGP 31,500 and EGP 38,200 per ton, with no significant week-on-week changes recorded. Ezz Steel topped the market at EGP 38,200 per ton, followed by Suez Steel at EGP 38,100, and Egyptian Steel at EGP 38,000. Meanwhile, Beshay Steel …
Ezz Steel announced that prices will remain unchanged as of September 1, 2025, for the twelfth consecutive month, at EGP 38,200 ex-works, inclusive of value-added tax (VAT). Statement including VAT Rebar 38,200 EGP 1 USD = 48.55 EGP
According to an official document reviewed by Reuters and a source familiar with the matter, China will seek to reduce its steel production between 2025 and 2026. The world’s largest steel producer pledged in March to restructure its massive sector by cutting output, but it did not disclose key details such as the scale of …
China Seeks to Cut Steel Production in 2025 and 2026 Read More »
A delegation from China’s MCC company, led by General Manager Jia Nion Xuan, held talks with the CEO of the National Iron and Steel Company (Feral), Reda Belhaj, and the Chairman and CEO of Sonarem, Belkacem Soltani, on the development project of the Gara Djebilet mine in Tindouf. The discussions focused on iron ore processing …
Algerian–Chinese Talks to Reduce Phosphorus Levels in the Gara Djebilet Mine Read More »
Global steel markets witnessed mixed trends in prices during the final week of August 2025, with some products recording notable increases while others remained stable or declined slightly. Scrap (HS1&2 mix 80:20) imported to Turkey from the USA fell to $345/ton CFR, down $3 compared to the previous week. In contrast, iron ore (62% Fe) …
Fluctuations in Global Steel Prices at the End of August 2025 Read More »
China’s steelmakers, the world’s largest producers, continue to show signs of improvement thanks to government efforts to reduce overcapacity, while exports have remained strong despite mounting trade restrictions. Last year, most mills suffered losses due to the property sector crisis, one of the key drivers of demand. This year, however, conditions have begun to improve …
Recovery of Chinese Steel Companies Supported by Exports and Lower Raw Material Costs Read More »
Japan’s Nippon Steel plans to inject $11 billion into U.S. Steel to expand production capacity, add high-quality products, and transfer advanced operational technologies, according to a senior company executive. The Japanese steelmaker completed its $14.9 billion acquisition of U.S. Steel in June 2025, concluding an 18-month process shaped by political shifts between the administrations of …
Nippon Steel to Invest $11 Billion to Boost U.S. Steel Production Read More »
Rebar prices in Egypt recorded relative stability, ranging between EGP 31,500 and EGP 38,200 per ton, according to the data announced by companies. The prices were as follows: Ezz Steel at EGP 38,200 per ton, followed by Suez Steel at EGP 38,100, then Egyptian Steel at EGP 38,000, while Beshay Steel stood at EGP 37,500, …
Stability in Egypt’s Rebar Prices with Slight Declines for Some Companies Read More »
Data from the World Steel Association (Worldsteel) showed that direct reduced iron (DRI) production in 13 countries — accounting for about 87% of global output in 2024 — reached 11.09 million mt in July 2025, up 2.3% month-on-month and 9% year-on-year. In the first seven months of 2025, global DRI production totaled 73.70 million mt, …
German Finance Minister Lars Klingbeil is calling for a national summit to strengthen Germany’s position as a key hub for the steel industry, amid current challenges facing the sector. In addition to chairing the Social Democratic Party, Klingbeil also serves as Deputy to Chancellor Friedrich Merz. Speaking to the German Press Agency (dpa), he said:“As …
Germany Explores Measures to Support Steel Industry Read More »
Emsteel Group has announced the delivery of its first shipment of rebar produced using green hydrogen to Aldar Properties, to be used in the construction of the first net-zero emissions mosque in Abu Dhabi, as part of the Sustainable City project on Yas Island. This milestone represents a pioneering achievement in the region, as Aldar …
‘EMSTEEL’ delivers first hydrogen-based rebar to ‘Aldar’ Read More »
Emirates Steel, a subsidiary of Emsteel Group, has announced an adjustment to its rebar prices for September 2025 production. The company decided to increase prices by AED 110 per ton, bringing the new price to AED 2,590 (approximately USD 705) per ton on an ex-works (EXW) basis. The company clarified that the announced prices are …
Emirates Steel Raises Rebar Prices for September 2025 Read More »
ArcelorMittal Calvert in Alabama, USA, has contracted SMS Group to modernize its 2,050 mm hot strip mill (HSM), which has been in operation since 2010. The project aims to enhance mill efficiency and enable production of advanced steel grades and hot strip products. An Elotherm inductive heating system will be installed upstream of the finishing …
Saudi Iron and Steel Company (Hadeed) has announced its long product prices for September 2025, maintaining stability compared to the previous month. According to the new pricing, the company has kept the price of rebar (12 to 32 mm diameters) at SAR 2,130 per ton (approximately USD 566), while the price of wire rod (6.5 …
“Hadeed” Announces Long Steel Product Prices for September 2025 Read More »
Saudi Arabia and Mauritania are preparing to launch a strategic partnership in iron ore mining, aimed at expanding economic cooperation and boosting investment flows between the two nations, according to media reports. The initiative was agreed upon following a meeting in Mecca between Saudi Crown Prince Mohammed bin Salman and Mauritanian President Mohamed Ould Cheikh …
Saudi-Mauritanian Partnership to Produce 14 Million mt of Iron Ore Read More »
South Korea’s steel exports to the United States plunged by 26% in July compared with the same month last year, weighed down by Washington’s tougher tariff measures, according to data from the Korea International Trade Association (KITA). South Korean news agency Yonhap reported that in June, U.S. President Donald Trump raised tariffs on steel and …
South Korea’s Steel Exports to the U.S. Fall to Lowest Level Since 2021 Read More »