US imports of HRC increased by 50.8% in May 2025 compared to April, reaching 129,667 metric tons, according to preliminary data from the US Department of Commerce. Despite the monthly rise, this figure reflects a 10.9% year-on-year decline from May 2024. The value of HRC imports reached $91.7 million in May, up from $62.7 million …
According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne,$2 up compared to to last week’s prices. and iron ore prices $102/ tonne, $1cup compared to to last week’s prices. While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 430 – …
In June this year, China’s outputs of pig iron, crude steel, and finished steel totaled 71.91 million mt, 83.18 million mt, and 127.84 million mt, decreasing by 4.1%, declining by 9.2%, and rising by 1.8% year on year, respectively, as announced by China’s National Bureau of Statistics (NBS). The year-on-year drop in crude steel output …
China’s crude steel output in June lowest so far this year Read More »
Egypt’s iron and steel exports declined by 15% during the first five months of 2025, recording approximately $801 million, compared to $938 million in the same period last year, according to data from the General Organization for Export and Import Control. The data showed a significant decline in exports to the US and Turkish markets, …
Egypt’s iron and steel exports decline by 15% in 5 months Read More »
To address the increasing demand of the market for stainless steel and Corrosion Resistance Alloy (CRA) pipes, mainly for oil and gas, chemical, food processing, and automotive applications, two companies relied on Danieli for their investments. Chinese company Zhejiang Jiuli Hi-Tech Metals reconfirmed its trust in Danieli Breda by ordering a new, 20-MN steel extrusion …
Two Chinese and Indian companies selected Danieli Breda steel extrusion technology Read More »
Iron ore futures prices rose, driven by Beijing’s intention to reduce excess industrial capacity as part of its efforts to improve steel companies’ profit margins. Expectations of new incentives to support the real estate sector also boosted demand prospects in China. On Thursday, the September iron ore contract on the Dalian Exchange rose 1.3% to …
As part of efforts to strengthen cooperation between the two companies, Algerian Steel Company (formerly Sider El Hadjar) and the Algerian Qatari Steel Company (AQS) have taken a new step toward industrial integration through an official field visit. The visit was led by Mr. Khaladi Houari Miloud, CEO of the Sider Industrial Group, accompanied by …
Partnership Agreement Between Algerian Steel Company and AQS for Billet Supply Read More »
Prime Minister Mark Carney unveiled a sweeping industrial strategy aimed at reinforcing Canada’s steel sector, as the country grapples with U.S. tariffs and surging global steel distortions. The measures are designed to curb harmful trade diversion, strengthen domestic supply chains, and prepare Canadian producers for deep shifts in global steel markets. Canada is among the …
Canada introduces new tariffs, investment plan to support steel industry Read More »
Iron ore futures rose, driven by improved relations between the largest producer, Australia, and its largest consumer, China, although gains were capped by ongoing concerns about the weakness of China’s property sector. The most-traded iron ore contract for September delivery on China’s Dalian Commodity Exchange rose 1.11% to 773.5 yuan ($107.71) per tonne by 03:03 …
Iron ore futures rise as China-Australia relations improve Read More »
US steel imports increased 19.6% month-on-month in May 2025, reaching 2.26 million tons, according to preliminary data from the US Department of Commerce. Despite this increase, imports declined 12.9% year-on-year. The total value of steel imports reached $2.39 billion, compared to $2.19 billion in April and $3.13 billion in May of the previous year. The …
Al Jazeera Steel Company, which operates in the iron pipes industry, reported profits of OMR 4.12 million (33 baisas per share) by the end of the first half of 2025, compared to profits of OMR 2.57 million achieved in the same period in 2024, as shown in the following table: Income Statement Period Q1 2024 …
Al Jazeera Steel profits amounted to 4.12 million riyals (+60%) in H1 2025 Read More »
In the January-June period this year, China’s finished steel exports amounted to 58.147 million mt, up 9.2% year on year, according to the latest data released by China’s General Administration of Customs (GACC). If the current monthly export volumes continue until the end of the year, total finished steel exports from China in 2025 may …
Rebar prices in Egypt this week ranged between EGP 32,000 – 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 …
The Indian Finance Ministry announced that New Delhi is considering a proposal to impose tariffs in response to the US tariffs on steel and aluminum imports, under World Trade Organization rules. India informed the WTO that the tariffs imposed by the Trump administration have hurt Indian exports by $7.6 billion, indicating that the tariffs it …
India reviews plans to impose tariffs in response to US measures on steel and aluminum Read More »
Eiji Hashimoto, Chairman and CEO of Japan’s Nippon Steel, revealed the company’s plan to double its steel production in the United States within three to five years in an interview with the Yomiuri Shimbun newspaper. The company aims to achieve this growth by increasing production efficiency at US Steel, which Nippon Steel acquired in June …
Nippon Steel Plans to Double Its US Steel Production in 5 Years Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne,$2 up compared to to last week’s prices. and iron ore prices $101/ tonne, $3 up compared to to last week’s prices. While the prices of billets ranged between 430 – 450 Dollars per tonne, while it was between 430 …
As part of the state’s policy aimed at rehabilitating and utilizing confiscated industrial assets, the new production unit of the EPE ALFAPIPE SPA, a subsidiary of the National Iron and Steel Company (SNS), was inaugurated on Wednesday, July 9, 2025, in the Battioua region of Oran Province. The inauguration ceremony was presided over by Mr. …
Steel prices in Dubai recorded a significant decline during the first quarter of this year, while some other building materials saw slight increases, reflecting the variability in the local construction market, according to data from the Dubai Statistics Center, part of Digital Dubai. 📉 Decline in Rebar Prices The price of a ton of twisted …
Iron ore futures rose for the third consecutive session, hitting multi-month highs, supported by renewed hopes for a new wave of reforms to curb steel production, along with expectations of further stimulus measures from China, the world’s largest consumer, which boosted market sentiment. The most-traded iron ore contract for September delivery on China’s Dalian Commodity …
Iron ore hits 3-month high on hopes of steel supply cuts Read More »
German Chancellor Friedrich Merz expressed his commitment to preserving the German steel industry and expressed his willingness to consider holding a so-called “steel summit” between the government and representatives of this industrial sector. During a government question session in parliament, Merz said on Wednesday: “I do not want to see Germany dependent on steel imports …
Germany Seeks to Develop Steel Industry and End Foreign Dependence Read More »
Treasury Secretary Scott Besant said the United States has collected about $100 billion in tariff revenue so far this year, and that could rise to $300 billion by the end of the year. Speaking at a White House Cabinet meeting, Besant added that the main revenue from the new tariffs only began to be collected …
Treasury Secretary: US Could Collect $300 Billion in Tariff Revenue by 2025 Read More »
Brazil’s government launched an anti-dumping (AD) investigation on hot-rolled stainless steel flat products from China, India, and Indonesia, following an application filed by Aperam Inox América do Sul S.A. in October last year. After a preliminary analysis of the documents submitted, the Secretariat of Foreign Trade (SECEX) concluded that there was sufficient evidence to demonstrate …
Vietnam has imposed final anti-dumping duties of up to 27.83% on certain imported rolled steel from China, following the expiration of the provisional duties imposed earlier this year. The Ministry of Industry and Trade announced that the new duties took effect on July 6 and will remain in effect for five years. This measure follows …
Vietnam Imposes Hefty Anti-Dumping Tariffs on Chinese Steel Imports Read More »
Rebar prices in Egypt this week ranged between EGP 32,000 – 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 …
For CELSA Barcelona’s medium section mill, located in Castellbisbal, Spain, SMS group has successfully upgraded the process automation system, executing the project without interrupting ongoing production. The upgrade, culminating in the awarding of the final acceptance certificate (FAC), involved a crucial overhaul of the automation systems to maintain the mill’s competitive edge and improve its …
SMS group upgrades CELSA Barcelona’s medium section mill with new process automation Read More »
In May this year, Turkey’s hot rolled coil (HRC) exports amounted to 293,911 metric tons, up by 1.8% compared to April and by 45.7% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $172.10 million, decreasing by 0.3% compared to the …
Turkey’s HRC exports increase by 52% in January-May 2025 Read More »
As the deadline for crucial trade talks approaches on July 9, fears are growing that the resumption of retaliatory tariffs threatened by the United States will lead to a decline in global trade, which could negatively impact global economic growth. According to an analysis by Bloomberg Economics based on trade policy positions as of July …
How will Trump’s trade tariffs affect major economies? Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $345/ tonne, unchanged compared to last week’s prices. and iron ore prices $98/ tonne, $1 up compared to to last week’s prices While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 435 – …
The South African International Trade Commission (ITAC) has decided to impose a provisional tariff of 52.3% on imports of corrosion-resistant steel coils. The commission stated that the purpose of imposing the tariffs is to prevent further damage to the South African domestic market. The commission explained that the provisional tariffs are a short-term emergency measure …
South Africa Imposes Tariffs on Steel Coil Imports Read More »
Iron ore futures prices rose on Thursday, amid China’s efforts to curb a price war and reduce excess production capacity, as part of a broader effort to stabilize the economy. The most active iron ore contract, for September delivery, ended the morning trading session on the Dalian Exchange, up 1.35% at 725 yuan ($101.19) per …
Iron ore prices rise, supported by China’s measures to curb overcapacity Read More »