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
Steel prices in the second week of July 2025 Read More »
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
Rebar prices in Egypt July 7, 2025 Read More »
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 –
Steel prices in the first week of July 2025 Read More »
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 »
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
Rebar prices in Egypt July 1, 2025 Read More »
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
Egypt : Ezz Steel maintains rebar prices for July 2025 Read More »
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
US rebar imports down 54% in April Read More »
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
Steel prices in the last week of June 2025 Read More »