Jindal Steel Duqm, a subsidiary of Jindal Steel Group, has signed a contract with Danieli to build a second hydrogen-ready direct reduction plant for the production of hot-briquetted iron (HBI) in Duqm, Oman. This project comes as part of the company’s expansion into low-carbon steel production, following the launch of its first Energiron DRI plant
Oman : Jindal Steel Duqm orders second hydrogen-ready DRI plant Read More »
From January to August 2025, Ukrainian steelmakers reduced their flat rolled steel exports by 1.5% compared to the same period in 2024, reaching around 1.1 million tons, according to State Customs Service data analyzed by GMK Center. More than 80% of these exports consisted of hot-rolled flat products (HS code 7208), totaling 911.94 thousand tons,
Ukraine’s Flat Steel Exports Exceed 1.1 Million Tons in January – August 2025 Read More »
According to data from the National Bureau of Statistics of China, the country’s August production reached 69.79 million mt of pig iron (up 1.0% year-on-year, down 1.43% month-on-month), 77.37 million mt of crude steel (down 0.7% y-o-y and 2.87% m-o-m), and 122.77 million mt of finished steel (up 9.7% y-o-y and slightly down 0.15% m-o-m).
China’s crude steel output fell below 80 million mt again in August Read More »
Rebar prices in Egypt witnessed a notable rise today across most factories, with several producers recording sharp increases in their per-ton prices, while others maintained stability. Ezz Steel maintained its price at EGP 38,200 per ton with no change from previous days, while Suez Steel dropped by EGP 200 to record EGP 37,900 per ton.
Rebar Prices in Egypt – September 15, 2025 Read More »
Dr. Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, issued Decree No. 400 of 2025 imposing temporary safeguard measures on imports of hot-rolled flat steel products, whether in sheet or coil form. The duty will be applied for a period of 200 days, starting September 14, 2025. According to Article 1 of the decree,
Egypt Imposes Temporary Safeguard Duties of 13.6% on Hot-Rolled Steel Imports Read More »
EMSTEEL, a leading steel and building materials manufacturer in the region, continues to advance its efforts toward a low-carbon economy. Its initiative to produce low-carbon cement at its Al Ain plant marks a significant step forward on this path. The initiative combines industrial innovation with circular economy principles to address the environmental challenges associated with
EMSTEEL Transforms Iron Residues into Low-Carbon Cement Read More »
In the second week of September 2025, global iron and steel markets witnessed mixed price movements, with most products remaining stable while some recorded slight increases and others a limited decline. The price of steel scrap (HS1&2 mix 80:20) imported by Turkey from the USA fell by USD 5 to settle at USD 338/ton CFR.
Steel prices in the second week of September 2025 Read More »
According to the Economic and Steel Market Outlook 2025–2026 / Q3 2025 report issued by the Economic Committee of the European Steel Association (Eurofer), the EU’s steel exports to external markets fell by 12% year-on-year in the second quarter of 2025, following a modest 1% increase in the first quarter. Exports of finished and flat
Eurofer: EU Trade Deficit in Finished Steel Widens in Q2 2025 Read More »
Global crude oil prices fell by around 2% on September 11, driven by concerns over a potential slowdown in U.S. demand and rising oversupply in global markets. In its monthly report, the International Energy Agency (IEA) indicated that global oil supply is expected to grow at a faster pace than previously forecast, supported by OPEC+
Decline in Global Oil Prices Read More »
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, has issued a decree imposing temporary safeguard duties on hot-rolled steel imports for a period of 200 days at a rate of 13.6%, with a minimum of EGP 3,673 per ton. The decision also includes a 16.2% duty on billet imports, with a minimum of EGP
Egypt Imposes Safeguard Duties on Billet Imports at 16.2% Read More »
Eng. Ahmed Ezz – Chairman and Founder of Ezz Steel – told the Financial Times that the company recognizes the significant challenges facing the European steel industry, including high energy costs, global production surpluses, and structural pressures. His remarks were featured in the newspaper’s report published on September 7 under the headline: “European steelmakers urge
Eng. Ahmed Ezz to the Financial Times: EU-wide steel tariffs punish compliant suppliers Read More »
EMSTEEL Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a landmark partnership with global technology leader Danieli to launch the first Electric Process Gas Heater (ePGH) pilot for the steel sector. The initiative marks a pivotal step in EMSTEEL’s decarbonisation roadmap, reinforcing its leadership in the
EMSTEEL Launches the World’s First Pilot of Electric Process Gas Heaters in Steelmaking Read More »
In a move that reflects the strength of the Algerian-Qatari partnership and opens broader horizons for Arab-African cooperation, Algerian Qatari Steel announced the signing of a package of commercial and strategic agreements worth more than USD 1.6 billion during its participation in the Intra-African Trade Fair (IATF 2025). These agreements, which will enable the company
The Egyptian government is studying the introduction of temporary safeguard duties of 13.6% on hot-rolled steel imports for a period of 200 days, according to an official document reviewed by Asharq. The document indicates that the measure comes after the local industry suffered severe damage due to a sharp and unexpected surge in imports, which
Egypt Considers Imposing Safeguard Duties on Rolled Steel Imports for 200 Days Read More »
In July 2025, Turkey’s imports of billets and bloom reached 453,113 mt, down 9.7% compared to June, but up 73.4% year-on-year, according to preliminary data released by the Turkish Statistical Institute (TUIK). At the same time, revenues generated from these imports totaled USD 222.26 million, decreasing by 9.5% month-on-month, but rising 53.7% year-on-year. From January
Turkey’s Billet Imports Rise by 61.6% in January and July 2025 Read More »
The Economic Committee of the Arab Iron and Steel Union held its eleventh meeting on 8–9 September 2025 at the Four Seasons Hotel in Cairo, with the participation of representatives from a number of member companies of the Union. At the beginning of the meeting, a procedural session was convened for elections, during which Mr.
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
Rebar Prices in Egypt – September 09, 2025 Read More »
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
Iron Ore Hits 6-Month High Read More »
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 »