Rebar prices in Saudi Arabia recorded a slight increase in the first half of 2025 compared to the same period last year. The rise was supported by continued demand for construction materials and infrastructure projects, before showing the first monthly decline in June. In January 2025, the average price per ton reached SAR 2,962 compared …
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 »
Arab countries recorded a strong increase in crude steel production during July 2025, with total output reaching 3.61 million tons, up 13.2% compared with the same month in 2024, according to the latest data released by the World Steel Association. Strong Performance in the Gulf Region Gulf countries contributed 1.858 million tons in July 2025, …
Arab countries’ crude steel production increased by 13.2% in July 2025 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 »
A study by the Centre for Social and Economic Progress (CSEP) estimates that India’s GDP could decline by 0.02–0.03% between 2025 and 2030 due to revenue outflow, unless the impact of the European Union’s Carbon Border Adjustment Mechanism (CBAM) is mitigated through the introduction of a domestic carbon pricing system. According to the analysis, the …
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 …
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 …
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 »
U.S. President Donald Trump on Friday reaffirmed his intention to impose tariffs on steel imports and semiconductor chips in the coming weeks, as part of efforts to boost domestic manufacturing. Speaking to reporters aboard Air Force One en route to Alaska for a meeting with Russian President Vladimir Putin, Trump said he would announce the …
Trump Reaffirms Plans to Impose Tariffs on Steel and Semiconductor Chips Read More »
China’s crude steel production dropped below 80 million mt in July for the first time this year, down 3.1% year-on-year for the January–July period. According to data from the National Bureau of Statistics of China, July output reached 70.80 million mt of pig iron, 79.66 million mt of crude steel, and 122.95 million mt of …
China’s Crude Steel Output Falls Below 80 Million mt in July Read More »
China’s Ministry of Commerce announced on Friday that Beijing has filed an official complaint with the World Trade Organization (WTO) against Canada’s restrictions on steel imports and related products. In its statement, the ministry said Canada has violated WTO rules by imposing quotas on steel imports and applying what it described as discriminatory tariffs on …
China Files WTO Complaint Against Canada Over Steel Restrictions Read More »
The financial statements of Egypt National Steel – Ataqa revealed an 88% year-on-year decline in net profits during the first half of 2025, despite recording significant growth in revenues. In a statement to the Egyptian Exchange, the company reported a net profit of EGP 62.33 million for the first six months of 2025, compared to …
Ataqa’s Profits Drop 88% in H1 Despite Revenue Growth Read More »
The financial indicators of Iron and Steel for Mines and Quarries revealed a substantial surge in annual profits, with net profit rising by 458% year-on-year. According to a statement issued by the company to the Egyptian Exchange, net profit for the period from July 2024 to the end of June 2025 reached EGP 702.96 million, …
Egypt : Iron and Steel for Mines Sales Exceed EGP 1.3 Billion, Annual Profits Soar 458% Read More »
In June this year, Turkey’s imports of billet and slabs reached 501,608 tons, up 5% compared to May and 202.3% higher than in June last year, according to preliminary data from the Turkish Statistical Institute (TUIK). The value of these imports in June stood at USD 245.01 million, marking a 4.6% month-on-month increase and a …
Turkey’s Billet Imports Rise 59.2% in the First Half of 2025 Read More »
Emsteel has been awarded the ResponsibleSteel™ certification for its accredited steel production plants, marking a significant milestone in advancing sustainable steelmaking practices in line with the highest standards of transparency and carbon emissions reduction, and in accordance with leading global benchmarks. The certification was granted following a comprehensive audit conducted by CARES, a globally recognized …
Emsteel Becomes First Middle Eastern Company to Attain ResponsibleSteel™ Certification Read More »
Iron ore prices climbed in Asian trading, supported by news of a temporary shutdown of several steel plants in China, the world’s largest steel producer and consumer, due to air pollution concerns. Chinese consultancy Mysteel reported that some steel mills in the city of Tangshan have been ordered by authorities to halt production starting August …
Iron Ore Prices Rise After Steel Plant Shutdowns in China Read More »
India plans to impose stricter standards for granting advance authorisations on steel imports, aiming to limit the influx of large volumes of substandard inputs into the domestic market. According to the Economic Times, citing informed officials, there have been instances of steel being sold in the local market that does not meet the Bureau of …
India Moves to Tighten Rules to Curb Substandard Steel Imports Read More »
India’s JSW Steel and Japan’s JFE Steel have announced a joint investment of 58.45 billion rupees (approximately $669 million) to increase cold-rolled electrical steel production at two plants in India, according to Reuters, citing JSW’s stock exchange disclosure. Electrical steel is a key material in the energy sector, particularly in transformer manufacturing, due to its …
JSW and JFE invest $669 million to expand electrical steel production in India Read More »
The Malaysian Ministry of Environment (KLH) has announced the closure of two iron and steel smelting companies in the Jatiuwung area of Tangerang, Banten Province, after they were found to have caused severe environmental pollution and committed regulatory violations, including the lack of exhaust gas emission control systems. Environment Minister Hanif Faisal Nurofik, during the …
Malaysia: Closure of Two Steel Companies in Tangerang Over Environmental Violations Read More »
The global markets for raw materials and steel products witnessed notable price fluctuations in the second week of August 2025, driven by mixed supply and demand indicators and the impact of regional economic and trade factors. Scrap (mix 80:20) prices remained stable at $347 per ton CFR Turkey, ex-USA, recording a slight increase of $1 …
Steel Prices Fluctuate in the Second Week of August Amid Supply and Demand Volatility Read More »
Qatar Steel, the steel division of Industries Qatar, delivered a strong operational performance in the first half of 2025, with both revenue and production increasing, driven by higher sales volumes and the restart of key production facilities. However, lower prices and a high comparison base weighed on net profit.
Reuters reported that global mining company Rio Tinto has raised concerns about the feasibility of developing the green steel industry in Australia, pointing to the lack of sufficient economic incentives to support efforts to decarbonize steel production. The company explained that implementing such projects in Australia faces significant challenges, most notably the high construction costs, …
Rio Tinto Expresses Doubts About the Future of Green Steel in Australia Read More »
The Libyan Iron and Steel Company announced outstanding production and marketing performance in the first half of 2025, surpassing its targets in several product categories for the period from January 1 to June 30, 2025, according to the company’s report. Production The report showed that production of Direct Reduced Iron (DRI) reached 557,671 tons, exceeding …
Yamamah Steel Industries Co. reported a 138.45% increase in net profit for the third quarter of its fiscal year ended June 30, 2025, reaching approximately SAR 15.37 million, compared to SAR 6.47 million in the same period of the previous fiscal year. According to Al Arabiya, the company stated in a filing on the Saudi …
Yamamah Steel’s Profits Jump 138% in Q3 to SAR 15.4 Million Read More »