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%
Global DRI output up 1.7% in June 2025 Read More »
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
US Steel Prices Rise After Tariffs Double Read More »
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
Rebar prices in Egypt July 21, 2025 Read More »
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
JSW Steel’s net profit rises 158% in Q1 of 2025 Read More »
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
US HRC Imports Up 50.8% in May 2025 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 $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 –
Steel prices in the third week of July 2025 Read More »
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
Iron ore prices rise to two-month high Read More »
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
US steel imports rise 19.6% in May 2025 Read More »
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
China’s steel exports up 9.2% in H1 2025 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
Rebar prices in Egypt July 14, 2025 Read More »
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 »