Arab Steel Summit

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Trump Reaffirms Plans to Impose Tariffs on Steel and Semiconductor Chips

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

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China’s Crude Steel Output Falls Below 80 Million mt in July

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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

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China Files WTO Complaint Against Canada Over Steel Restrictions

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

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Ataqa’s Profits Drop 88% in H1 Despite Revenue Growth

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

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Egypt : Iron and Steel for Mines Sales Exceed EGP 1.3 Billion, Annual Profits Soar 458%

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,

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Turkey’s Billet Imports Rise 59.2% in the First Half of 2025

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

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Emsteel Becomes First Middle Eastern Company to Attain ResponsibleSteel™ Certification

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

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Iron Ore Prices Rise After Steel Plant Shutdowns in China

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

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India Moves to Tighten Rules to Curb Substandard Steel Imports

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

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JSW and JFE invest $669 million to expand electrical steel production in India

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

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Malaysia: Closure of Two Steel Companies in Tangerang Over Environmental Violations

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

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Steel Prices Fluctuate in the Second Week of August Amid Supply and Demand Volatility

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

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Qatar Steel Boosts Revenue and Production in H1 2025

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.

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Rio Tinto Expresses Doubts About the Future of Green Steel in Australia

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,

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Libyan Iron and Steel Company Exceeds Production Targets in H1 2025 and Achieves Strong Sales Results

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 the target of 475,000 tons by more than 17%. Hot Briquetted Iron (HBI) production recorded a significant increase, reaching 372,816 tons compared to the target of 300,000 tons — an increase of approximately 24.3%.

Rebar production (bars and wire rods) came

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Yamamah Steel’s Profits Jump 138% in Q3 to SAR 15.4 Million

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

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Turkey’s Rebar Exports Rise by 28.2% in the First Half of 2025

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,

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Trump Imposes Additional 25% Tariffs on India

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

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German Finance Minister Calls for Steel Export Quotas During Visit to Washington

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

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Rebar prices in Egypt August 4, 2025

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

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Cancellation and Downsizing of Green Hydrogen Projects Due to High Costs and Weak Demand

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

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Global steel prices remain largely Stable in the first week of August

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,

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Despite Japan’s H1 Export Decline, HRC Shipments Surpass 5.5 Million mt

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

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India’s Tata Steel Reports 116% Surge in Net Profit in Q1 FY 2025–2026

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%,

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ArcelorMittal’s Q2 Profit Rises Despite Declines in Sales and Production

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

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Ataqa Steel Submits Technical Bid for Billet Production License

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

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Emsteel Reports AED 188 Million in First-Half Profit, a 7.7% Increase

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

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EU Decides to Reduce Anti-Dumping Duty on Egyptian Steel Imports to 11.7%

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

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Chinese Steelmakers See Profit Recovery Amid Efforts to Curb Overproduction

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

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Egypt: Iron and Steel for Mines Sales to Reach EGP 125 Million in June

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

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