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
Rebar Prices in Egypt – September 01, 2025 Read More »
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
Ezz Steel maintains rebar prices for September 2025 Read More »
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,
Global DRI Production Rises 9% in July 2025 Read More »
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 »
Rise in Rebar Prices in Saudi Arabia in H1 of 2025 Read More »
Global steel markets witnessed relative stability in most product prices on August 23, 2025, with only slight movements in some categories. Prices of scrap (HS1&2 mix 80:20) imported from the United States to Turkey increased by $1, reaching $348 per ton CFR. In contrast, iron ore (62%) imported from Australia declined by $1, settling at
Steel Product Prices Stable in the Fourth Week of August Read More »
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 150.1 million tonnes (Mt) in July 2025, a 1.3% decrease compared to July 2024. Africa produced 1.9 Mt in July 2025, down 2.0% on July 2024. Asia and Oceania produced 110.4 Mt, down 1.9%. The EU (27) produced 10.2
Global crude steel production declined by 1.3% in July 2025 Read More »
China’s semi-finished steel exports recorded a significant surge in July 2025, reaching 1.58 million mt — up 34.4% compared to June and posting a sharp year-on-year rise of 349%, according to China’s customs authorities. From January to July, China’s total semi-finished steel exports amounted to 7.47 million mt, marking an exceptional year-on-year growth of 309.7%.
Sharp Increase in China’s Semi-Finished Steel Exports in Jan.–July 2025 Read More »
Nakheel, a subsidiary of Dubai Holding Real Estate, has awarded a contract worth AED 2.6 billion (USD 708 million) to Fibrex Contracting LLC for the construction of the “Gulf Villas” project within Dubai Islands. The landmark Dubai Islands development spans 18.6 square kilometers across five islands and features 59 kilometers of waterfront and over 20
Nakheel Awards AED 2.6 Billion Contract for “Gulf Villas” Project in Dubai Islands Read More »
South Korea’s Ministry of Economy and Finance announced a proposal to impose 21.62% anti-dumping duties on imports of stainless steel plates from China for a period of five years. The measure covers products under several HS codes, excluding hot-rolled coils, black plates produced by hot-rolling stainless steel slabs, products with a thickness of 8 mm
South Korea Moves to Impose 5-Year Anti-Dumping Duties on Chinese Stainless Steel Plates Read More »
According to the analysis, the EU could collect nearly 5,500 crore rupees (€539 million) from Indian exporters in 2030.
The report highlights that introducing a domestic carbon tax alongside CBAM could result in a slight 0.01% increase in GDP, as part of the tax revenue would remain within the country, softening negative economic impacts.
Study: EU Carbon Border Mechanism May Cost India 0.03% of GDP Read More »
China recorded a significant increase in rebar exports in the period from January to July 2025, rising by 52.4% year-on-year to reach 10.62 million mt, while exports of wire rod amounted to 1.69 million mt, up 10.5%, according to data from Chinese customs authorities. In the same context, exports of angles and channels totaled 4.37
China’s Rebar Exports Rise 52.4% in January–July 2025 Read More »
Rebar prices in the Egyptian market recorded relative stability, with prices this week ranging between EGP 31,500 and EGP 38,200 per ton. The price of a ton at Ezz Steel reached around EGP 38,200, while Egyptian Steel recorded EGP 38,000 per ton, and Beshay Steel stood at EGP 37,500. Meanwhile, El Marakby Steel posted EGP
Rebar Prices in Egypt – August 18, 2025 Read More »
Preliminary data from the U.S. Department of Commerce’s Census Bureau showed that U.S. steel imports fell by 9.3% month-on-month in June 2025, while rising 4.6% year-on-year to reach 2.05 million mt. The value of U.S. steel imports in June stood at $2.13 billion, compared to $2.39 billion in May and $2.42 billion in June last
U.S. Steel Imports Drop 9.3% in June 2025 Read More »
Global iron and steel markets witnessed relative price stability in the third week of August 2025. Imported scrap to Turkey from the United States remained unchanged at $347 per ton CFR, while Australian iron ore (62%) also held steady at $102 per ton CFR. In the billet segment, Russian billet prices stood stable at $445–435
Global Steel Product Prices Stable in the Third Week of August Read More »
Iron ore prices fell on Friday, closing the week with losses, as demand weakened in the real estate sector and construction activity slowed in China due to unfavorable weather conditions. The January 2026 iron ore contract on China’s Dalian Exchange dropped 1.1% to 776 yuan ($108.03) per ton, recording a 1% weekly loss. Meanwhile, on
Iron Ore Prices Decline Amid Continued Weakness in China’s Real Estate Sector Read More »
The U.S. Department of Commerce has announced an expansion of the 50% tariff imposed on steel and aluminum imports to include hundreds of additional derivative products, according to Reuters. In a notice published in the Federal Register, the department explained that the Bureau of Industry and Security added 407 new tariff codes to the U.S.
U.S. Department of Commerce Expands Tariff List on Steel and Aluminum Products Read More »
