The Libyan Iron and Steel Company signed a partnership agreement with the German company SMS for Metal Manufacturing. This agreement aims to increase production capacity, reduce breakdowns, lower costs, and improve product quality. The agreement was signed on behalf of the company by the Chairman of the Board of Directors, Dr. Mohamed Abdelmalik Al-Faqih, and …
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for July deliveries. The company’s rebar prices have been reduced by SAR 100 (USD 27) per ton, bringing the new rate to SAR 2,130 (USD 566) per ton. Wire rod (6.5-16 mm) saw a smaller reduction of SAR 30 (USD 8) per …
Saudi Iron and Steel Company (Hadeed) announces a decrease in long steel prices for July Read More »
China announced on June 30, 2025, that it will extend anti-dumping (AD) duties on imported stainless steel billets and hot-rolled stainless steel plates/coils from the EU, the UK, South Korea, and Indonesia for another five years, starting July 1, 2025. The AD duty rates remain consistent with previous rulings. Companies from the EU and the …
China extends stainless steel AD duties on EU & 3 countries Read More »
Brazil has announced a significant reduction in annual import quotas for 13 types of steel products, a move that could raise the possibility of imposing tariffs a 25% on these products. According to the Ministry of Development, Industry, Trade and Services, the government has decided to reduce the permitted steel import quota by approximately 250,000 …
Brazil Reduces Annual Steel Import Quotas, Considers Imposing Safeguard Tariffs Read More »
The Kingdom of Saudi Arabia has imposed final anti-dumping duties on imports of steel or stainless steel tubes with longitudinally welded circular sections imported from China and Taiwan. The decision, issued by the Minister of Commerce and Chairman of the General Authority for Foreign Trade, Dr. Majid Al-Qasabi, is effective for five years starting from …
Rebar prices in Egypt this week ranged between EGP 32,200 – 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 …
Ezz Steel Company announced stability in prices starting from July 1, 2025 for the ninth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 49.65 EGP
The green steel industry in Europe is currently experiencing a setback, as many manufacturers have abandoned plans to operate their production lines with renewable energy sources, such as green hydrogen, due to high costs. European efforts are consolidating to make tangible progress in low-carbon steel production, in line with an international trend to reduce emissions …
Europe’s green steel industry is suffering… and an Arab country is ready Read More »
Data from the UAE’s construction market shows a 6.5% decline in rebar prices since the beginning of 2025. The price fell from $722.26 per ton (approximately AED 2,652) in January to $675 (approximately AED 2,478) per ton during the period from February to June, based on ex-works terms, excluding value-added tax and transportation and handling …
Rebar prices in the UAE have declined by 6.5% since the start of 2025 Read More »
Preliminary data from the US Census Bureau, part of the US Department of Commerce (USDOC), revealed that US rebar imports totaled approximately 55,000 tons in April, a 36% drop compared to the previous month and a 54% decline from the same month of the previous year. Among them, Algeria accounted for the largest share of …
In May this year, Japanese ferrous scrap exports amounted to 648,253 MT, up by 24.6% compared to 520,195 MT in the same month of the previous year, according to customs statistics from Steel Orbits. In the January-May period this year, the country exported 3.26 million MT of scrap, up by 25.7% year on year During …
Japan’s steel scrap exports up 25.7% in January-May 2025 Read More »
The Iron and Steel Company for Mines and Quarries announced total sales of EGP 251.04 million during the month of May. The company stated in a statement to the Egyptian Exchange today that sales from the Bahariya Oasis mines during May amounted to EGP 251.01 million. It added that sales from the Beni Khaled-Samalut quarries …
Iron and Steel Mining Sales Exceed EGP 251 Million in May Read More »
The Government of Canada announced the implementation of tariff quotas on steel product imports from non-FTA partners, effective June 27, 2025. This measure will help stabilize the Canadian steel market. These measures aim to protect the domestic market from the influx of low-priced products that could harm domestic industry. 50% Surcharge on Exceeding Quotas Under …
According to the prices announced in the global steel markets, scrap prices amounted to $345/ tonne, $3 up compared to to last week’s prices. and iron ore prices $97/ tonne, $1 up compared to to last week’s prices While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between …
As part of the visit of Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, to Turkey to participate in the Global Transport Connectivity Forum 2025 held in Istanbul, the Minister held a series of meetings and participated in discussions with a number of senior officials and manufacturers. …
Enhancing Cooperation between Egypt and Turkey in the Metal Industries Read More »
In an achievement that underscores its ongoing commitment to providing a safe and healthy working environment, SULB, the Middle East’s first company specializing in the production of light, medium, and heavy beams structural steel sections producer in the Middle East region, has been awarded the prestigious International Safety Award 2025 with Merit by the British …
SULB Awarded International Safety Award 2025 by British Safety Council Read More »
According to the latest report issued by World Steel on crude steel production, Arab countries’ crude steel production reached 3.5 million tons in May, a 5.0% increase compared to May 2024. Egypt topped Arab steel production in May, with 810,000 tons, a decline of -9.5%. Saudi Arabia came in second place with 780,000 tons, a …
Arab countries’ crude steel production increased by 5% in May 2025 Read More »
Trade negotiations between the United States and Mexico are currently moving toward a quota system that could allow for tariff reductions on a specific volume of steel imports, a move seen as a response to concerns from American metal manufacturers. According to people familiar with the talks, the proposed framework would ease tariff burdens on …
US and Mexico are moving toward a quota system for steel imports Read More »
Data from the World Steel Organization (Worldsteel) showed that global DRI production reached 12.44 million tons in May 2025, a 2.2% increase compared to April and a 10.1% increase year-on-year. This data included 13 countries that account for approximately 87% of total global DRI production. According to the World Steel Organization, India topped the list …
EMSTEEL , today announced the successful graduation of 62 Emirati trainees (49 men and 13 women) from the company’s flagship Masaar talent-development programme, marking the first cohort to complete the newly revamped one-year “accelerated” track introduced in 2024. The group includes 43 operations specialists and 19 support-function professionals, holding roles such as Graduate Engineer and …
EMSTEEL Celebrates Graduation of 62 Emirati Trainees from Accelerated Masaar Programme Read More »
According to statistics from the US International Trade Commission (USITC), the US exported around 1.06 million tons of steel scrap in April, increasing by 14% from the previous month but falling by 12% from the same month a year ago. Among them, Turkey was the top destination with roughly 289,000 tons, sliding by 7% month …
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 158.8 million tonnes (Mt) in May 2025, a 3.8% decrease compared to May 2024. Africa produced 1.9 Mt in May 2025, up 5.5% on May 2024. Asia and Oceania produced 116.6 Mt, down 4.7%. The EU (27) produced 11.4 …
World crude steel production decreased by 3.8 % in May 2025 Read More »
Oil prices fell 6% at the end of trading on Tuesday, June 24, 2025, deepening their losses in just two days to more than 13%, as the war with Iran came to a halt and hopes for a decline in Middle East tensions spread. Crude prices hit their lowest levels in more than a week …
Amid a growing gap between production and demand, the OECD warned in a recent report that global steel overcapacity is set to rise to 721 million tonnes by 2027, driven by distorting subsidies and excessive capacity expansion. This threatens market stability, undermines decarbonization efforts, and squeezes jobs and profitability in OECD economies. Expansion Outpacing Demand …
OECD: Steel Overcapacity Expected to Surge to 721 million tonnes by 2027 Read More »
Rebar prices in Egypt this week ranged between EGP 33,700 – 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 …
According to preliminary census data from the US Department of Commerce, showed a significant decline in US imports of hot-rolled coils (HRC) in April 2025. Imports totaled 85,971 mt , a 28.6% decrease compared to March and a 53.5% decrease compared to the same month in 2024. The total value of these imports also decreased …
US Rolled Steel Coil Imports and Exports Decline in April Read More »
Global stainless steel production increased by 6.2% in the period from January to March 2025 compared to the same period in 2024, reaching 15.55 million tons. However, this production decreased by 6.2% compared to the fourth quarter of 2024, according to data from the World Stainless Steel Organization. In Europe, including Ukraine, stainless steel production …
Global stainless steel production increased by 6.2% in Q1 of 2025 Read More »
The German Ministry of Economics expressed its regret over the decision of steelmaker ArcelorMittal to abandon its plans to transition to climate-neutral production at its plants in Bremen and Eisenhüttenstadt, Germany. In response to a question on the matter, the ministry said in a statement: “This decision is a private business decision of the company …
Germany regrets ArcelorMittal’s abandonment of climate-neutral steel production Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $342/ tonne, $2 up compared to to last week’s prices. and iron ore prices $96/ tonne, $1 down compared to to last week’s prices While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between …
China’s National Bureau of Statistics (NBS) showed varying levels of production of various steel products in the period from January to May 2025. Long steel products declined, while flat steel production increased. In May alone, China produced: Rebar: 16.884 million tons (down 6% year-on-year) wire rod: 12.016 million tons (down 1.2%) Welded pipe: 5.463 million …
Variations in China’s Steel Product Output from January to May 2025 Read More »