Turkey’s rebar exports recorded a significant increase in the first half of 2025, rising by 28.2% compared to the same period last year, reaching 2.02 million mt, according to data from the Turkish Statistical Institute (TUIK). The total value of these exports reached USD 1.1 billion, marking a year-on-year increase of 20.4%. In June alone, …
Turkey’s Rebar Exports Rise by 28.2% in the First Half of 2025 Read More »
U.S. President Donald Trump on Wednesday signed an executive order imposing additional tariffs of 25% on Indian goods, in response to “India’s continued purchase of Russian oil,” according to a statement by the White House on the X platform. This new tariff is in addition to a previous 25% duty scheduled to take effect starting …
German Finance Minister Lars Klingbeil on Monday called for the inclusion of a quota system on steel exports as part of the ongoing trade agreement negotiations between the European Union and the United States, during his official visit to Washington, where he is scheduled to meet with U.S. Treasury Secretary Scott Bessent. In a radio …
German Finance Minister Calls for Steel Export Quotas During Visit to Washington Read More »
Rebar prices in Egypt this week ranged between EGP 31,800 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 37,500, El Marakby Steel EGP 35,900, Egyptian Steel EGP 38,000, Ashry Steel EGP 32,100. Garhy Steel EGP 35,500, Misr Steel EGP 31,600, El Komy Steel EGP …
Developers of green hydrogen projects around the world have begun scaling back investments and cancelling several projects, as high production costs and weak demand for this low-carbon fuel have rendered many initiatives economically unfeasible. Europe In June, energy company LEAG announced an indefinite postponement of its plans to build one of Europe’s largest green energy …
Cancellation and Downsizing of Green Hydrogen Projects Due to High Costs and Weak Demand Read More »
Global steel and iron product prices showed relative stability during the week ending August 2, 2025, while some raw materials and semi-finished products experienced minor fluctuations. Steel scrap (HMS 1&2 mix 80:20) imported to Turkey from the USA remained unchanged at $346/ton CFR. On the other hand, iron ore (62%) from Australia continued its decline, …
Global steel prices remain largely Stable in the first week of August Read More »
Japan’s exports of iron and steel products declined by 2.8% in the first half of 2025, totaling 15.26 million mt, compared to the same period last year, according to data from the Japan Iron and Steel Federation (JISF). In June 2025, Japan’s iron and steel exports reached 2.52 million mt, marking a slight 0.2% decrease …
Despite Japan’s H1 Export Decline, HRC Shipments Surpass 5.5 Million mt Read More »
India’s Tata Steel announced on Thursday, July 31, 2025, that its consolidated net profit for the first quarter of the fiscal year 2025–2026 (April–June) soared by 116%, reaching INR 20.78 billion (approximately USD 237.13 million) compared to the same period last year. Despite the significant rise in profits, the company’s consolidated revenue declined by 3%, …
India’s Tata Steel Reports 116% Surge in Net Profit in Q1 FY 2025–2026 Read More »
ArcelorMittal, the Luxembourg-based steel and mining giant, reported a significant increase in net profit for the second quarter of this year, despite lower sales, production, and shipment volumes. According to the German Press Agency (dpa), net profit attributable to shareholders surged to $1.79 billion, up from $504 million in the same period last year. Basic …
ArcelorMittal’s Q2 Profit Rises Despite Declines in Sales and Production Read More »
Egypt National Steel Company (Ataqa) has submitted a technical bid as part of the tender process for licenses to establish a continuous steel billet production facility with an annual capacity of 1.5 million tons. The company stated that the General Authority for Industrial Development has approved its technical submission, allowing Ataqa to proceed to the …
Ataqa Steel Submits Technical Bid for Billet Production License Read More »
Emsteel announced a net profit of AED 188 million for the first half of 2025, marking a 7.7% increase compared to AED 174.5 million during the same period in 2024. Revenue rose by 9% to reach AED 4.3 billion, up from AED 3.956 billion in the first half of the previous year. This growth was …
Emsteel Reports AED 188 Million in First-Half Profit, a 7.7% Increase Read More »
The European Commission has announced a reduction in the anti-dumping duty on hot-rolled steel imports from Egypt to a final rate of 11.7% for a five-year period, down from the provisional rate of 12.8%, according to a document released by the Vietnamese Ministry of Industry—one of the countries also subject to the duties. According to …
EU Decides to Reduce Anti-Dumping Duty on Egyptian Steel Imports to 11.7% Read More »
China’s steelmakers have begun to see a recovery in profits over the past month, with signs pointing to further improvement in the second half of the year — provided the government follows through on its commitments to address overcapacity. According to data released by the National Bureau of Statistics on Sunday, profits from ferrous metal …
Chinese Steelmakers See Profit Recovery Amid Efforts to Curb Overproduction Read More »
The Iron and Steel Company for Mines and Quarries reported total sales of EGP 124.99 million for the month of June 2025. In a disclosure to the Egyptian Exchange, the company stated that sales from the Bahariya Oasis mines accounted for EGP 124.95 million, while sales from the Beni Khaled-Samalut quarries amounted to approximately EGP …
Egypt: Iron and Steel for Mines Sales to Reach EGP 125 Million in June Read More »
France and ten other European Union member states have called on Brussels to introduce new measures to protect the steel industry, as negotiations continue over export quotas allowed into the U.S. market. In a document published on Monday, the eleven countries — including Spain and Poland — stated that the European Commission should consider imposing …
European Calls to Impose 50% Tariffs on Steel Imports Read More »
The Egyptian rebar market witnessed fluctuations in production and sales in the first half of 2025, amidst local economic pressures and changes in demand and prices. The following are the most prominent indicators recorded in this period: First: Domestic Rebar Production Egypt’s total rebar production in the period from January to June 2025 amounted to …
Report: Performance of the Egyptian Rebar Market in H1 of 2025 Read More »
Global steel product prices saw a general upward trend during the fourth week of July 2025, driven by improved demand and reduced supply in key markets. Key Price Movements: Iron scrap (80:20 mix) imported from the United States to Turkey registered a slight decrease of $1, settling at $346 per tonne CFR. Iron ore (62%) …
Global Steel Product Prices Rise in the Fourth Week of July 2025 Read More »
Arab countries’ crude steel production recorded a significant increase in June 2025, with total production reaching 3.337 million tons, an increase of 6.3% compared to the same month in 2024, according to the latest data issued by the World Steel Organization. Strong Performance in the Gulf Region The Gulf Cooperation Council (GCC) countries contributed approximately …
Arab countries’ crude steel production increased by 6.3% in June 2025 Read More »
Recent data from the World Steel Association (worldsteel) shows that direct reduced iron (DRI) production in 13 countries, representing approximately 87% of global DRI production in 2024, reached approximately 11.05 million tons in June 2025. Despite this slight increase of 1.7% compared to the same month last year, production recorded a significant decline of 8.9% …
Saudi Iron and Steel Company (Hadeed) has announced its long product prices for August 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 August 2025 Read More »
The Algerian Ministry of Industry announced the signing of several partnership agreements between Algeria and Italy in the presence of the CEOs of the relevant institutions. Four major industrial agreements were signed under the supervision of the Ministry of Industry. Among these agreements was an agreement between the National Steel Company (SNS) and the Italian …
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 151.4 million tonnes (Mt) in June 2025, a 5.8% decrease compared to June 2024. Africa produced 1.7 Mt in June 2025, up 3.0% on June 2024. Asia and Oceania produced 112.9 Mt, down 6.2%. The EU (27) produced 10.4 …
World crude steel production decreased by 5.8 % in June 2025 Read More »
Brazilian mining company Vale beat analysts’ expectations for iron ore production in the second quarter of 2025, driven by record performance from its flagship mine in the Amazon. The company announced in a report released Tuesday that it produced 83.6 million metric tons of iron ore during the three months ending June 30, exceeding analysts’ …
Brazil’s Vale Records Highest Quarterly Iron Ore Production Since 2021 Read More »
Algeria, which has been steadily developing its steel industry during recent years and, moreover, moving towards more active steel exports, is going to develop another DRI-based production base in the future. According to media sources, during the scheduled Italy-Algeria Business Forum to be held in Rome, an agreement is to be signed for an approximate …
Algeria and Italy Sign Agreement to Build DRI Unit with $1 Billion Investment Read More »
Japanese negotiator Ryusei Akazawa announced Wednesday that the additional 50% tariffs imposed by the United States on Japanese steel and aluminum imports are not included in the “massive” trade agreement he just concluded with the Trump administration. “If you ask me whether the agreement applies to steel and aluminum, the answer is no,” Akazawa told …
Tokyo: Additional US tariffs on steel and aluminum will remain at 50% Read More »
US steel companies raised their product prices during the second quarter of 2025, following the Trump administration’s decision to double tariffs on steel imports from 25% to 50%, according to a report from The New York Times. The report, published Tuesday, stated that the average price per ton for Steel Dynamics was $1,134 in the …
Amid the usual seasonal slowdown during the summer, the UAE’s rebar market has maintained relative strength, prompting Emirates Steel, the country’s leading steel producer, to keep its prices unchanged for August. The price fixing, which was anticipated by many market participants, reflects the company’s strategic approach to maintaining demand levels and protecting its market share …
Emirates Steel maintains rebar prices for August Read More »
EU diplomats said the bloc is considering a wide range of potential retaliatory measures against the United States as the chances of reaching an acceptable trade agreement with Washington diminish. Diplomats say that a growing number of EU members, including Germany, are now considering a broad package of measures that would allow the bloc to …
Rebar prices in Egypt this week ranged between EGP 31,800 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 37,500, El Marakby Steel EGP 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,000, El Komy Steel EGP …
JSW Steel Q1 Results: JSW Steel, said its consolidated net profit for the first quarter of the ongoing financial year 2025-26 (Q1 FY26) stood at INR 21.84 billion (USD 253.53 million), a growth of 158% year-on-year compared to INR 8.45 billion in the year-ago quarter. The revenue from operations of INR 431.47 billion was slightly …