Arab Steel Summit

Arab Steel Summit

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Canada Threatens to Impose Tariffs on US Steel and Aluminum Imports

Canada has threatened to escalate its tariff action against the United States, announcing that it is considering imposing additional tariffs on US steel and aluminum imports starting next month, amid stalled trade talks between the two countries. The United States currently imposes 50% tariffs on foreign steel and aluminum imports, while Canada retaliates with 25% …

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US Tariffs Restrict German Iron and Steel Exports to the US Market

German iron and steel exports to the United States registered a slight decline as a result of new US tariffs, according to the Federal Statistical Office. Iron and steel exports fell 0.4% year-on-year during the period from January to the end of April, reaching approximately €1.3 billion. The United States began imposing additional tariffs of …

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CRC Evans secures major Morocco water pipeline contract

CRC Evans , a UK-based company providing welding, welding technology, and coating services, has won a renewed contract for a water pipeline project in Morocco, led by state-owned OCP Group. This project involved a 219-km pipeline to transport desalinated water from its Jorf Lasfar facilities to Khouribga operations, addressing regional water shortages. Building on its …

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Japan’s Nippon Steel Acquires US Steel for $14.1 Billion

Nippon Steel has completed its $14.1 billion acquisition of United States Steel Corp., ending an 18-month effort to merge the American and Japanese steelmakers, according to a statement from the companies on Wednesday. The $55-per-share cash deal creates the world’s second-largest steelmaker and makes the combined entity a formidable competitor in the US steel industry. …

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Iron ore prices fall for fifth day to lowest since April

Iron ore prices fell for the fifth consecutive day, continuing their downward trend amid a weak Chinese steel market. Futures contracts for the steelmaking material fell to their lowest levels since April, reaching $92 per ton this week. The price continues to decline as traders assess market fundamentals and lower Chinese demand for rebar. Iron …

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thyssenkrupp Steel selects Primetals for hot-strip mill modernization

thyssenkrupp Steel has contracted Primetals Technologies to modernize the slab sizing press at its hot-strip mill No. 2 in Duisburg, Germany. Previously, Primetals Technologies had successfully upgraded its hot-strip mill No. 4. The overhaul includes a full upgrade of the electrical and drive systems, with a new cycloconverter for the main press motor and low-voltage …

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EMSTEEL recognised as an ESG Leader with ‘’AA’’ provisional rating from MSCI

EMSTEEL (the Group), one of the largest publicly traded steel and building materials manufacturers in the region, today announced that it has received a provisional ESG rating of “AA” from MSCI, one of the highest among steel players globally, recognising the Group as one of the few global steel and building materials manufacturers that stand out for their …

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Iron ore prices head to lowest level since September on demand concerns

Iron ore prices headed to their lowest close since last September, amid a seasonal slowdown in demand and signs that Chinese mills are cutting steel production. Futures fell for the fourth consecutive day in Singapore, falling below $93 per ton. Shanghai Metals Market explained in a note to clients that the rainy season in southern …

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Algeria: National Steel Holding Company (SNS) receives a delegation from Malaysian Lion Group to discuss partnership opportunities

The National Steel Holding Company receives a delegation from the Malaysian Lion Group to discuss partnership opportunities. The CEO of the National Steel Holding Company (SNS), Mr Adel Khemane, chaired a working meeting with officials from the Malaysian Lion Group, one of the most prominent industrial players in Asia, at the company’s headquarters on Monday, …

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India’s Crude Steel Output Rises in May Amid by safeguard

India’s crude steel production in May rose by 9.5% year on year, reaching about 13.51 million tons. Finished steel production also rose by 9.6% compared to the same month last year, reaching about 13.15 million tons. This growth in domestic production is partly attributed to the government’s imposition of a 12% safeguard duty on steel …

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Turkey’s HRC imports down 28% in Jan-Apr 2025

In April 2025 alone, Turkey’s HRC imports totaled 228,297 tons, a sharp YoY drop of nearly 40%. HRC imports were also down 24% as compared to previous month, According to data from the Turkish Statistical Institute (TUIK). Turkey imported 1.07 million tons of HRC in the first four months of 2025, marking a 28% decline …

Turkey’s HRC imports down 28% in Jan-Apr 2025 Read More »

Rebar prices in Egypt June 16, 2025

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 …

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China’s crude steel output falls sharply in May

China’s crude steel output fell significantly in May, as companies in the sector continued to reduce production, in line with the Chinese government’s efforts to limit supply in the market. Data from the National Bureau of Statistics indicated that crude steel production fell 6.9% year-on-year to 86.55 million tons, following an unexpected decline in April. …

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China’s crude steel production and stocks rose 3.2% in early June

The China Iron and Steel Association (CISA) has announced that in early June (June 1-10) this year, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China – all CISA members – totaled 2.159 million metric tons, up 3.2% compared to late May (May 21-31) this year. In late May …

China’s crude steel production and stocks rose 3.2% in early June Read More »

JSW Steel Allocates $2 Billion to Reduce Carbon Emissions

JSW Steel, one of India’s largest steel producers, has announced an investment of nearly $2 billion to implement an ambitious decarbonization program. This program aims to reduce carbon dioxide emissions by 42% by 2030, compared to 2005 levels, according to GMK. The program is based on several key pillars, including expanding the use of renewable …

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Trump approves US Steel merger with Japan’s Nippon Steel

US President Donald Trump issued an executive order on Friday approving the merger of US Steel and Japan’s Nippon Steel, after the two companies signed a national security agreement with the US government. US Steel and Nippon announced that the national security agreement will grant the US government a “golden share,” which stipulates specific commitments …

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Steel prices in the third week of June 2025

According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne, unchanged compared 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 430 – 455 Dollars per tonne, while it was between 430– 455 …

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Oil prices jump above $74, posting strong weekly gains

Oil prices jumped more than 7% at the end of trading on Friday, June 13, 2025, hitting their highest levels in nearly five months and posting strong weekly gains. This came after Israel launched a strike against Iran, significantly escalating tensions in the Middle East and raising concerns about oil supply disruptions. Israel announced targeting …

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Egypt and Algeria face millions of dollars in losses due to a rebar anti-dumping complaint

On June 24, the US Trade Commission will begin investigating a complaint filed by major US steel producers seeking anti-dumping duties on rebar imports from producers in four countries, including Egypt and Algeria. This complaint threatens both countries with millions of dollars in losses. Major US steel producers have filed a complaint against some steel …

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Jindal SAW plans to build new plants in the UAE and Saudi Arabia

The board of directors of Indian pipe manufacturer Jindal Saw has approved new international investments totaling $118 million to strengthen its presence in the Middle East. The largest initiative involves the creation of a 100% subsidiary in Abu Dhabi (UAE) to build a seamless pipe plant with a capacity of 300 thousand tons per year. …

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Modernization and expansion of continuous caster at Jindal Shadeed in Oman

Jindal Shadeed Iron & Steel LLC is modernizing its eight-strand Concast continuous billet caster at its facility in Sohar Port, Oman, to meet growing demand from the construction sector. The strategic upgrade further strengthens the company’s partnership with SMS Group, leveraging their technical expertise to enhance production capacity and diversify the product range, particularly in …

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World Bank predicts worst decade for global growth since Trump’s tariffs

The World Bank has predicted that the global economy will experience its slowest decade of growth since the 1960s due to the impact of Donald Trump’s tariffs. Growth forecasts for nearly two-thirds of the world’s countries have been lowered compared to the Bank’s last forecast six months ago. The Bank expects global growth of only …

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Ezz Steel Tops the List of Steel Companies in the Arab World and Africa with a Production of 6.4 Million Tons

The latest reports from the World Steel Association, released this month, revealed that Ezz Steel has topped the list of the largest steel producers in the Arab world and Africa, with a production of 6.4 million tons of crude steel in 2024, achieving the highest production in the company’s history. This surpasses the largest Saudi …

Ezz Steel Tops the List of Steel Companies in the Arab World and Africa with a Production of 6.4 Million Tons Read More »

Turkey’s billet imports up 8.9% in January-April

In April this year, Turkey’s billet and bloom imports amounted to 268,490 metric tons, up 37.5% compared to March and down by 2.7% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $136.81 million, increasing by 40.1% compared to the previous …

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China’s steel exports rise 9.9% in May 2025

China’s steel exports rose 9.9% year-on-year in May 2025, to 0.58 million tons, and 1.1% compared to April, according to data from the General Administration of Customs, cited by Reuters. This is the highest figure in seven months and the third consecutive month that exports have exceeded 10 million tons. Analysts attribute this growth to …

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ArcelorMittal opens a new iron ore concentrator in Liberia with a capacity of 20 million tons

ArcelorMittal has inaugurated a new 20 million tonnes per annum concentrator in Nimba Province, Liberia. The event was attended by President Joseph Bokai of Liberia and Executive Chairman Lakshmi Mittal, according to a press release. The project is the centerpiece of the second phase of ArcelorMittal’s large-scale investment program worth $1.8 billion, bringing its total …

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US and Mexico are nearing a deal to ease steel tariffs

US and Mexico are nearing a deal that would remove U.S. President Donald Trump’s 50% tariff on steel imports up to a certain amount, according to people familiar with the matter. This would be a modification of a similar agreement between the two trading partners during Trump’s first term. Trump has not been directly involved …

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China May iron ore imports fall on expectations of slow demand

China’s iron ore imports in May missed expectations, dropping 4.9% from April, as mills exercised caution in buying seaborne cargoes in anticipation of slower steel consumption, according to Reuters. The world’s largest iron ore consumer brought in 98.13 million metric tons of the key steelmaking ingredient last month, data from the General Administration of Customs …

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Rebar prices in Egypt June 10, 2025

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 …

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Turkey’s wire rod exports down 13.6% in January-April

In April this year, Turkey’s wire rod exports amounted to 47,983 metric tons, down by 74.1% compared to March and up by 17.2% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $28.69 million, decreasing by 73.4% compared to the previous …

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